NERC to sanction 7 Discos The Nigerian Electricity Regulatory Commission (NERC) has threatened to sanction seven electricity Distribution Companies (DisCos) for failing to comply with its order on capping estimated billing for some customers within their network. NERC, which is the regulator...

Nigeria's Q1 2020 trade deficit hits N138.98bn —NBS The National Bureau of Statistics (NBS) has said Nigeria recorded a trade deficit of N138.98billion  during the first quarter of 2020 marking two consecutive quarters of negative balance of trade, as the...

Senate Probes BPE over non-performance of Paper Mills The Nigerian Senate has mandated its Committee on Privatization to investigate the operations and non-performance of paper mills sold by the Bureau of Public Enterprises to private interests. This was just as the...

CBN to Fund 1.6m Farmers in 2020 Wet Season The Central Bank of Nigeria (CBN) says it will fund 1.6 million farmers in the 2020 wet season across the country. The CBN Director, Development Finance Department, Mr Yila Yusuf disclosed this...

2019: JAIZ bank declares N2.4bn PAT Jaiz Bank Plc, the premier non-interest (Islamic) Bank in Nigeria has released its 2019 Audited results for the period ended December 31st, 2019, declaring a Profit After Tax (PAT) of N2.4bn. This represents a massive...

NNPC to Deepen Business Portfolios in Power, Medical, Others As part of measures to cope with the boom and bust cycle in the global crude oil market and to sustain revenue generation for the Country, the Nigerian National Petroleum Corporation (NNPC)...