We’ve capacity to distribute 6,288MW of electricity — Discos

Power distribution companies say they have capacity to take and distribute 6,288.96 megawatts of electricity, refuting the Federal Government’s claim that the Discos can only handle 5,000MW. According to them, the capacity of Discos to distribute about 6,300MW was confirmed in a study conducted by the country’s power System Operator, an arm of the Transmission…

DBN, LAPO Microfinance Bank to fund 10,000 MSMEs

Development Bank of Nigeria Plc (DBN), the first wholesale development finance institution in Nigeria, has partnered with LAPO Microfinance Bank Limited, to provide lending to about 10,000 Micro, Small and Medium Scale Enterprises (MSMEs), to alleviate the financial constraints they face. A statement from DBN said: “This is a milestone achievement and I am particularly…