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Wednesday, November 13, 2019

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...

W/Bank Okays Nigeria’s $3bn Power Sector Loan

W/Bank Okays Nigeria’s $3bn Power Sector Loan   The Federal Government on Sunday said it had opened discussions with the United Kingdom on the possibility of...

Group Faults Sylva On $62bn Revenue

Group Faults Sylva On $62bn Revenue   The Accountable Leadership for Better Nigeria Initiative on Sunday condemned statements made by the Minister of State for Petroleum...

UNIDO To Invest $60m In Agric, Others

UNIDO To Invest $60m In Agric, Others   The United Nations Industrial Development Organisation is to invest $60m in about nine sectors in Nigeria. A statement issued...

FMDQ Records N179trn Turnover In 8 Months

FMDQ Records N179trn Turnover In 8 Months   FMDQ OTC Securities Exchange recorded a turnover of N179trn in eight months. Data obtained from the FMDQ on Thursday...

GTBank Records N324bn Revenue, N147bn Profit In 9 Months

GTBank Records N324bn Revenue, N147bn Profit In 9 Months   Guaranty Trust Bank Plc (GTBank) Wednesday released its unaudited financial results for the nine months ended...

Discos Map Out N935bn Investment Plans

Discos Map Out N935bn Investment Plans Power distribution companies are set to invest N935bn in their networks as calls for the recapitalisation of Discos heighten. A...

FG To Expend N65bn On Broadband Infrastructure

FG To Expend N65bn On Broadband Infrastructure     The Minister of Communications, Dr Isa Ali Ibrahim Pantami meets NCC, telcos on telecom infrastructure, others A total...
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CBN Prints N176.9bn Banknotes In 4 Years

CBN Prints N176.9bn Banknotes In 4 Years   The Central Bank of Nigeria has said a sum of N176.9bn was spent to print banknotes between 2015...

CBN Destroys N1.89trn Fake, Mutilated Naira Notes

CBN Destroys N1.89trn Fake, Mutilated Naira Notes     The Central Bank of Nigeria says it destroyed unfit Naira currency notes worth N1.89trn in two years, 2017...

AMCON’s Debt May Hit N6.6trn By 2024

AMCON’s Debt May Hit N6.6trn By 2024   The debt of the Asset Management Corporation of Nigeria (AMCON) may rise from the current value of N5trn...

Miners Blame BoI For Not Disbursing N2.5bn Mining Grant

Miners Blame BoI For Not Disbursing N2.5bn Mining Grant   The Miners Association of Nigeria has blamed the Bank of Industry for the failure to disburse...

PFAs Invests N1.03trn Pension Funds In Banks

PFAs Invests N1.03trn Pension Funds In Banks   The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the...

Customs Port Harcourt Command Rakes In N81.2bn Revenue

Customs Port Harcourt Command Rakes In N81.2bn Revenue   The Nigeria Customs Service (NCS) Area II Command, Onne Port, has announced that it generated a total...
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CBN’s Support To Power Sector Now N1.695trn

CBN’s Support To Power Sector Now N1.695trn     The financial support provided by the Central Bank of Nigeria (CBN) to Nigeria’s power sector is set to...

AMCON Charged On Recovery Of N5trn Debt

AMCON Charged On Recovery Of N5trn Debt   The Minister of Finance, Mrs Zainab Shamsuna Ahmed has charged the Asset Management Corporation of Nigeria (AMCON) to...

FG Proposes N536.7bn For Pension, Others In 2020

FG Proposes N536.7bn For Pension, Others In 2020     The federal government has proposed a total of N536,717,450,121 for settlement of pensions, gratuities and retirement benefits...

FG, IOCs Commence Talks On $62bn Dispute

FG, IOCs Commence Talks On $62bn Dispute   The Federal Government has commenced preliminary talks with international oil companies in a bid to settle a dispute...

Banks Record N49.4trn Online Transactions

Banks Record N49.4trn Online Transactions   Increase in alternative digital payment platforms has reduced the number of visits to banking halls as indicated by the reduced...

FG To Refund Yola Disco Investors N26.9bn

FG To Refund Yola Disco Investors N26.9bn   The Federal Government is planning to refund the core investors in Yola Electricity Distribution Company the sum of...