The Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) on Wednesday described the death of Comrade Pascal Bafyau, a former NLC President, as a great loss to labour movement.

The Power Holding Company of Nigeria (PHCN) is in N88.44 billion debt, a statement by Cdon Adinuba, the Special Adviser on Media to the Minister of Power, Prof. Barth Nnaji, said on Wednesday.

20 million farmers across the country would benefit from subsidy on fertiliser and seeds in the next four years, five million farmers per year, the Federal Government has said.

The naira fell to its lowest level in two months against the U.S dollar on the interbank market on Wednesday, on strong dollar demand from investors repatriating their dividends abroad, traders said.

The Senate on Wednesday passed a bill to increase the number of federal high court judges.

The Eko Electricity Distribution Company says it has concluded plans to acquire four megawatts from electricity generated by the Lagos State Government, Oladele Amoda, the Chief Executive Officer of the company said on Wednesday.

The Securities and Exchange Commission of Nigeria (SEC) has signed a bilateral Memorandum of understanding (MoU) with Financial Services Commission of Mauritius (FEC), a statement from the commission said on Wednesday.

The Lagos State Water Corporation (LSWC) has promised to restore regular water supply by Friday to parts of the state recently hit by water shortage, adding that residents of the commercial city need an estimated 540 million gallons daily.