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Thursday, September 19, 2019

NERC: Niger, Benin Rep Owe Nigeria N15.5bn Electricity Debt

NERC: Niger, Benin Rep Owe Nigeria N15.5bn Electricity Debt   Niger and Benin Republics – two of the international customers Nigeria supply electricity to are yet...

EU Releases €1bn For Quality Standards In ECOWAS

EU Releases €1bn For Quality Standards In ECOWAS   The European Union on Monday said it had provided development assistance of over €1bn to support the...

Pipeline Project: NNPC Agrees To $2.5bn Financing With Chinese Lender

Pipeline Project: NNPC Agrees To $2.5bn Financing With Chinese Lender   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has...

Shell Decries N202m Daily Oil Loss To Vandals, Oil Thieves

Shell Decries N202m Daily Oil Loss To Vandals, Oil Thieves   Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202m daily...

Investors Lose N27.6bn As Sell Pressure Dominates Market

Investors Lose N27.6bn As Sell Pressure Dominates Market   Sell pressure in the equities market dominated at the start of the week as investors counted losses...

Top 5 Banks Records N417bn Profit In Six Months

Top 5 Banks Records N417bn Profit In Six Months   Nigeria’s five topmost banks recorded a total profit of N416.55 billion in the first half of...

Commercial Agriculture Credit Intervention Now At N360.5bn

Commercial Agriculture Credit Intervention Now At N360.5bn   The Central Bank of Nigeria (CBN) has put the total value of its intervention under its Commercial Agriculture...

GDP Growth Fall Dampens Market Performance By N184bn

GDP Growth Fall Dampens Market Performance By N184bn   Analysts at Vetiva Capital Management Limited said sentiment in the equity space remained dampened further last week...

In 7 Years, Excess Crude Account Deplete By N6.48trn

In 7 Years, Excess Crude Account Deplete By N6.48trn   In seven years, the Federal Government withdrew the sum of N6.48tn from the Excess Crude Account...

Report Says “BPP Saved N26.86bn From Contracts Last Year”

Report Says "BPP Saved N26.86bn From Contracts Last Year"   The Bureau of Public Procurement has said it saved more than N26.86bn for the Federal Government...

C&I Leasing Requests Approvals For N3.23bn Rights Issue

C&I Leasing Requests Approvals For N3.23bn Rights Issue   C&I Leasing Plc has submitted an application for approval to the Nigerian Stock Exchange for its proposed...
NBS National Bureau of Statistics

Investment Inflow Dropped By $3.2bn In Q2, Says NBS

Investment Inflow Dropped By $3.2bn In Q2, Says NBS   The Nigerian economy recorded a decline of $3.2bn in investment inflow from $8.48bn in the first...

Warri Port Revived As NPA Generates $45.2m From Troubled Facility

Warri Port Revived As NPA Generates $45.2m From Troubled Facility   Fresh hope of increased activities has risen for the troubled Delta Port situated in Delta...

Nigeria Needs N959bn To End Open Defecation — FG

Nigeria Needs N959bn To End Open Defecation — FG The cost implication of making Nigeria open defecation free by 2025 is estimated at N959bn according...

Africa Imports $50bn Food Yearly

Africa Imports $50bn Food Yearly   African countries import nearly $50bn net of food annually despite the continent holding 60 per cent of the world’s arable...

Presidency Hawks Want Bonga Seized Over Judgment Debt

Presidency Hawks Want Bonga Seized Over Judgment Debt   As the $9.6 billion arbitration award and United Kingdom Court enforcement judgment against Nigeria in favour of...

AfDB, Japan Earmarks $3.5bn For Nigeria, Others

AfDB, Japan Earmarks $3.5bn For Nigeria, Others   Japan and the African Development Bank have announced a joint target of $3.5bn under the Enhanced Private Sector...

Petrol Subsidy Gulped N650.2bn In 12 months, Says Report

Petrol Subsidy Gulped N650.2bn In 12 months, Says Report   The Federal Government spent a total of N650.2bn on petrol subsidy in 12 months; Economic Confidential...

Local Telecoms Operators Risk losing $1bn Fibre Cable Market

Local Telecoms Operators Risk losing $1bn Fibre Cable Market   The submarine cable system operators in Nigeria and the rest of Africa risk losing the region’s...

BPE Commends APM Terminal’s N126bn Investment in Nigeria

BPE Commends APM Terminal’s N126bn Investment in Nigeria   The Bureau of Public Enterprises (BPE) has expressed satisfaction with the level of compliance with the post-acquisition...