NSE Commits N100m To Fight COVID-19 The Nigerian Stock Exchange has committed N100m to the fight against the coronavirus pandemic. According to a statement from the Exchange, N60m out of the sum would be donated to the Capital Market Support Committee for COVID-19, while the balance...

In Two Months, Discos Owe NBET N76bn   Power distribution companies in the country failed to pay a total of N76.19bn to the Nigerian Bulk Electricity Trading Plc for electricity sold to them in the first two months of this year. The government-owned NBET buys electricity in...

NCS Apapa Command Generates N39.877bn In April   Nigeria Customs Service (NCS), Apapa Area Command, generated N39.877 billion in the month of April. Mrs Nkeiruka Nwala, Deputy Superintendent of Customs and Public Relations Officer of the command, disclosed this to the News Agency of Nigeria (NAN) in...

NASS Probes Alleged N40bn Fraud In NDDC The National Assembly (NASS) yesterday passed a resolution to investigate an allegation of N40 billion fraud against the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC). While the Senate raised a seven-member ad-hoc committee to look...

Nigeria Spent N752bn On Subsidy In 2019   The federal government paid N752 billion as petrol subsidy in 2019, a report by the Nigerian National Petroleum Corporation (NNPC) has disclosed. According to a recent report on NNPC’s operations and financial activities for the period of January 2020,...

Fed Govt Raises MDAs Operating Surplus To N916.87bn In a bid to secure alternative sources of funding, following the crash in crude oil price, the Federal Government has raised the target set for Ministries, Departments and Agencies through the payment of operating surplus from N849.97bn...