Ibadan Electricity Distribution Company (IBEDC) has congratulated all its esteemed customers and Nigerians on a peaceful and joyful Eid-fitri. The distribution company, in a good will message signed by its Chief Operating Officer (COO), John Ayodele, congratulated Muslims for the successful completion of the Holy Month of Ramadan, which marks the end of the fasting period. Ayodele while reflecting on the lessons of Ramadan, such as empathy, unity and mutual respect, said the fasting may have ended but it is important to sustain the virtues, ideals, and values beyond the month of Ramadan, considering the benefits to individuals and the…

Ukrainian President Volodymyr Zelenskyy accused Russia of trying to destroy the Donbas and all who live there. “The constant brutal bombardments, the constant Russian strikes on infrastructure and residential areas show that Russia wants to empty this territory of all people. Therefore, the defense of our land, the defense of our people, is literally a fight for life,” he said late Friday in his nightly video address to the nation. He said the cities and towns of the Donbas will survive only if Ukraine remains standing. “If the Russian invaders are able to realize their plans even partially, then they…

Africa Finance Corporation/Mota Engel Consortium, Africa Plus Partners Consortium, Dafac Consortium and Enyimba Economic City Development Company Consortium, among others, are the shortlisted preferred bidders for the 12 federal highways put up for concession by the Federal Government. It would be recalled that Federal Government had identified preferred/reserved bidders for the highways under the Highway Development and Management Initiative. The government was, however, silent on the identities of the preferred bidders. It had explained that this was following the conclusion of the evaluation of the proposals submitted for phase one of the value-added concession under the HDMI. The HDMI is…

The federation account allocation committee (FAAC) says it shared N725.57 billion with the federal, states and local governments for March 2022. The figure represents an increase of 23 per cent or N135 billion compared to the February allocation. For February, the three tiers had shared N590.546 billion. The details are contained in a communiqué issued at the end of a virtual meeting of FAAC for March 2022. The communiqué noted that petroleum profit tax, oil and gas royalties, import and excise duties, companies income tax and value-added tax recorded tremendous increases. According to the statement, the total revenue of N725.57…