1. A consortium of Nigerian financial institutions is set to inject $160 million into the Ibadan Electricity Distribution Company (IBEDC) as the company marks its first year anniversary.
2. The $160 million loan will come from a consortium of banks led by Skye Bank Plc, to improve the Disco’s operations.
![[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies](https://nairametrics.com/wp-content/uploads/2017/05/nigerian-economy-today-1.jpg)
