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Wednesday, October 23, 2019

Petrol Subsidy Rises By N58.6bn In Just A Month

Petrol Subsidy Rises By N58.6bn In Just A Month   The amount spent on fuel subsidy by the Nigerian National Petroleum Corporation increased by N58.6bn within...

AEDC Signs Pact To Provide 1MW Mini-grid Energy For Wuse Market

AEDC Signs Pact To Provide 1MW Mini-grid Energy For Wuse Market   The Abuja Electricity Distribution Company (AEDC) has signed agreements with Wuse Market Traders Association...

Exporters Lament N9.28bn Decline In Grant

Exporters Lament N9.28bn Decline In Grant   Exporters on Monday decried the N9.28bn drop in the Export Expansion Grant released by implementing agencies of the Federal...

NSE Lists Union Bank’s N30bn Bonds

NSE Lists Union Bank’s N30bn Bonds   The Nigerian Stock Exchange has listed Union Bank of Nigeria Plc’s N30bn10-Year bond. The NSE said in a notice that...

Nigeria Needs To Reduce Fuel Subsidy Now  – IMF

Nigeria Needs To Reduce Fuel Subsidy Now  - IMF   The International Monetary Fund has said Nigeria needs to reduce fuel subsidy at a time when...

Firms’ Investments In Stock Market Drop By N203.67bn

Firms’ Investments In Stock Market Drop By N203.67bn   The value of investment by institutional investors in the nation’s capital market has dropped by N203.67bn in...

SEC Working on Crowdfunding Regulation- Uduk

SEC Working on Crowdfunding Regulation- Uduk The Securities and Exchange Commission (SEC), has said that the commission is working on a framework to regulate the...

AMCON Seeks Judiciary Intervention to Recover Over N5trillion Debt

AMCON Seeks Judiciary Intervention to Recover Over N5trillion Debt …In line with its new Amendment Act Having secured the signing of the Asset Management Corporation of...

Shell Expends N41.1bn On Rivers, Other States’ Projects

Shell Expends N41.1bn On Rivers, Other States’ Projects   The Shell Petroleum Development Company of Nigeria Limited has disbursed a total of N41.1bn ($228m) to fund...

SEC Wants NNPC, Others To List On NSE

SEC Wants NNPC, Others To List On NSE   The Securities and Exchange Commission is looking to attract more oil and gas firms, including the Nigerian...

Defunct NEPA Helicopters Worth N259m For Sale

Defunct NEPA Helicopters Worth N259m For Sale   After years of neglect, four helicopters inherited from the defunct National Electric Power Authority by the Transmission Company...

Emefiele Opposes MTN Over Mobile Banking Transaction Access

Emefiele Opposes MTN Over Mobile Banking Transaction Access   The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start...

Rice Farmers Record Bumper Harvest, Promise To Crash Price

Rice Farmers Record Bumper Harvest, Promise To Crash Price   Rice buyers should expect a crash in the commodity’s price to about N9,000 per 50kg bag...

Improved Power Supply: KEDCO Laud  FG, Pledges Support to TCN.

Improved Power Supply: KEDCO Laud  FG, Pledges Support to TCN.. Following efforts by the Federal Government to build a code line from Kaduna to Kano...

Over 500,000 Depositors of Closed Banks Paid Off by NDIC

Over 500,000 Depositors of Closed Banks Paid Off by NDIC No fewer than 526,414 depositors of closed deposit Money banks(DMBs) and Micro Finance Banks(MFBs) have...

Oil Firms To Adopt Plan Against Spill In Gombe, Bauchi

Oil Firms To Adopt Plan Against Spill In Gombe, Bauchi   Following the recent discovery of oil in Bauchi and Gombe states, the National Oil Spill...

Six Banks Increase Market Dominance

Six Banks Increase Market Dominance   The Concentration Ratio (CR) of the six largest banks in Nigeria with respect to deposits and assets stood at 60.31...

Border Closure Reduced Fuel Consumption By 8m Litres – FG

Border Closure Reduced Fuel Consumption By 8m Litres – FG   The Federal Government has said the closure of the land borders by the Nigeria Customs...

To Fight Poverty, Nigeria Must End Reliance On Oil – IMF

To Fight Poverty, Nigeria Must End Reliance On Oil – IMF   The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that...

NIPE Seeks Speedy Completion of Katsina 10MW Wind Farm

Thirty (30) members of the Nigerian Institution of Power Engineering (NIPE) Kano State Chapter have visited the Wind Farm in Rimi Local Government of...