In 12 Months, Discos Suffered N543bn Revenue Loss   The latest report by the Nigerian Electricity Regulatory Commission (NERC) shows that total billing to electricity consumers by the 11 distribution companies stands at N816bn. The report also shows that out of this...

Fed Govt Pays Foreign Firm $496m For Contract Violation   The Attorney-General of the Federation and Minister of Justice, Abubakar Malami has disclosed that the Federal Government has settled a long-standing $5.26bn contractual dispute with a foreign investor group in the...

Commercial Banks Borrow N4.4trn From CBN In Three Months   Deposit money banks (DMBs) accessed an accumulated value of N4.4 trillion from the Central Bank of Nigeria (CBN) through its overnight lending window from June to August, data sourced from the...

Investors Gain N197bn As 43 Firms Record Price Appreciation   Investors in the Nigerian stock market saw the worth of their shares rise by N197bn last week as 43 firms recorded price appreciation. The NGX All-Share Index of the Nigerian Exchange Limited...

NNPC Backs Forensic Audit, Defends 68m-litre Daily Consumption   The Nigerian National Petroleum Company Limited (NNPCL) on Sunday insisted that daily supply of Premium Motor Spirit, popularly called petrol, across the country was 68 million and offered to submit itself for...

Nigeria Generates In N14bn From Cashew Export   Nigeria earned about N14bn from the export of cashew in the last one year and is in the process of doubling the annual production of the commodity to one million metric tonnes per...