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 to pay the country about N15.5 billion for electricity supplied to them between the fourth quarter of 2018 and the...
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 standardisation of goods and services produced in the Economic Community of West African States countries.
It said the amount was specifically...
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 disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria.
Kyari...
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 in revenue to activities of criminals in the Niger Delta.
The company attributed the loss to daily attacks on its pipelines...
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 totalling N27.6bn at the end of trading on the floor of the Nigerian Stock Exchange on Monday.
The market capitalisation of...
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 this year as a result of improved technology and an enhanced efficiency
The average profitability of the top five banks rose...
