CAC Generates N36bn Internally, Says Registrar-General     The Registrar-General, Corporate Affairs Commission (CAC) Garba Abubakar yesterday said the commission’s internally generated revenue (IGR) for 2017, 2018 and 2019 has hit N36billion. Garba said reports by the some media houses that CAC made N56billion in two years is...

CBN Disburses N338.6bn Intervention Funds     The Central Bank of Nigeria (CBN) has disbursed N338.6billion coronavirus (COVID-19)-related intervention funds to beneficiaries across various sectors. A member, Monetary Policy Committee (MPC), Sanusi Aliyu Rafindadi, who made this known in a note released by the apex bank, said reports...

NAHCO Records N143.18m Loss In Six Months       Nigerian Aviation Handling Company Plc has recorded a loss of N143.18m for the half year ended June 30, 2020 as against a profit of N467.259m reported in the same period of 2019. The company, in a report obtained from...

Discos’ Debt To NBET Rises To N173bn     Power distribution companies in the country failed to remit a total of N173.35bn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them in the first four months of this year. The government-owned NBET buys electricity...

Lawmakers Reject CBN’s Presentation On $11bn Power Cash     The House of Representatives yesterday rejected the presentation of the Central Bank of Nigeria (CBN0 on the $11 billion withdrawn from the Excess Crude Account (ECA) for the National Integrated Power Project (NIPP) following observed discrepancies in...

ALGON Recovers $2.6bn Unremitted Paris Club Loan Refund     The Association of Local Governments of Nigeria on Thursday said it has recovered its $2.6bn unremitted Paris Club Loan Refund meant for Local Government Councils in the country which was disbursed to the states by the Federal...