24.5 C
Abuja
Tuesday, September 17, 2019
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Discos Expected To Repay N34bn CBN Loan This Year

Discos Expected To Repay N34bn CBN Loan This Year   Electricity distribution companies are expected to repay this year N34.05bn of the loan disbursed under the...

FG Requests $5bn Chinese Loan For Mambilla Power Project

FG Requests $5bn Chinese Loan For Mambilla Power Project   Nigeria has formally requested for loan from China Exim Bank to build the 3,050 megawatts (MW)...

9mobile Obtains $230m Loan To Reposition Operations

9mobile Obtains $230m Loan To Reposition Operations   The management of Emerging Markets Telecommunication Services Limited, trading as 9mobile, has secured $230m loan facility from Africa...

Banks’ Software Investment Grows By 55% To N120bn

Banks’ Software Investment Grows By 55% To N120bn   Although investments in software by Nigerian banks have grown over the years, Nigerian software developers have made...

NNPC Under-remitted N78bn To Federation Account, NEITI Says

NNPC Under-remitted N78bn To Federation Account, NEITI Says   The Nigeria Extractive Industries Transparency Initiative on Thursday announced that the Nigerian National Petroleum Corporation under-remitted N77.92bn...

About 3,891 Debtors Owe Banks Above N1bn Each

About 3,891 Debtors Owe Banks Above N1bn Each   About 3,891 firms and other debtors have taken individual loans above N1bn, totalling N13.19tn of loans in...

LNG Sponsored-projects In Nigeria, Others To Attract $103bn

LNG Sponsored-projects In Nigeria, Others To Attract $103bn   Liquefied Natural Gas projects in Nigeria, Egypt, Mozambique and elsewhere on the African continent are expected to...

Nigerian Payment Firms To Generate $1.19bn From Remittances

Nigerian Payment Firms To Generate $1.19bn From Remittances   Nigerian banks, fintech companies and mobile money operators are likely to earn $1.19bn from remittances this year,...

Buhari Approves N600bn Intervention Fund For Power Sector

Buhari Approves N600bn Intervention Fund For Power Sector   The power sector is going to get another intervention of N600bn from the Federal Government very soon. President...

By 2050, Global Investments In Renewables To Hit $13.3trn

By 2050, Global Investments In Renewables To Hit $13.3trn   A new report, produced by Bloomberg NEF (BNEF), has said global investments in renewable energy generation...

Banks Suffer N100bn Bad Loans In Power Sector

Banks Suffer N100bn Bad Loans In Power Sector   A total of N100.42bn loans advanced by the nation’s banks to power firms have been recorded as...

Recapitalisation: Consolidated Hallmark Demand N3.9bn Capital Rise

Recapitalisation: Consolidated Hallmark Demand N3.9bn Capital Rise Consolidated Hallmark Insurance has revealed plans to raise its capital base from N6.1bn to N10bn in line with...
NBS National Bureau of Statistics

Nigeria Spent N40trn On Food Imports In 21yrs – NBS

Nigeria Spent N40trn On Food Imports In 21yrs - NBS   National Bureau of Statistics Data have shown that Nigeria spent over N40trn on food imports...

AfDB Gets $20m Investment For Energy Inclusion

AfDB Gets $20m Investment For Energy Inclusion African Development Bank says it has received $20m investment from the Clean Technology Fund for the Facility for...

FG Seeks New Investment In N145bn Bonds

FG Seeks New Investment In N145bn Bonds The Debt Management Office has said the Federal Government will auction N145bn worth of bonds by subscription on...

Host Communities Demand Payment Of N98bn Gas Flare Penalty Fund

Host Communities Demand Payment Of N98bn Gas Flare Penalty Fund Members of the Host Communities of Nigeria Producing Oil and Gas (HOSCON) have declared as...
electricity

We Haven’t Spent World Bank’s $1.66bn – TCN

We Haven’t Spent World Bank’s $1.66bn - TCN   The Transmission Company of Nigeria says the $1.66bn it secured from the World Bank and other multilateral...

Total Pension Assets Grow To N9.32trn

Total Pension Assets Grow To N9.32trn   The total assets under the Contributory Pension Scheme rose to N9.32tn as of the end of June 2019. The funds,...

Nigeria Generates N5.2bn From Limestone Licensing

Nigeria Generates N5.2bn From Limestone Licensing The Federal Ministry of Mines and Steel Development has said that the country generated N5.2bn from limestone licensing and...

Investment Announcement Worth $15.15bn Recorded In Q1 – NIPC

Investment Announcement Worth $15.15bn Recorded In Q1 - NIPC   The Executive Secretary/Chief Executive, Nigerian Investment Promotion Commission (NIPC), Ms Yewande Sadiku, has disclosed that total...