Senate Probes Alleged N1.2trn Revenue Loss To Oil Firm         The Senate on Tuesday constituted a seven-member ad hoc committee to investigate an alleged N1.2tn oil revenue loss to the Federal Government owing to an alleged breach by Sinopec Addax Petroleum. The ad hoc committee which is...

122 MDAs Fail To Remit N1.2trn Operating Surpluses - FRC       The non-remittance of revenue by most ministries, departments and agencies of government to the Consolidated Revenue Funds of the Federal Government is currently N1.2tn, the Fiscal Responsibility Commission said on Monday. The FRC is responsible for...

14 Banks Gross N1.2trn Revenue In 6 Months     Fourteen Deposit Money Banks (DMBs) listed on the Nigerian Stock Exchange have recorded N1.187 trillion gross revenue for the first six months of 2020. They had earned N1.114tn in the corresponding period of 2019. Despite the effects of the...

Banks’ Non-performing Loans Hit N1.2trn – CBN     Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank of Nigeria on Monday. This amounted to about 6.4 per cent of the gross credit of the banks to...

NSE’s Capitalisation To Get N1.2trn Boost As BUA Cement Lists Shares   The Nigerian Stock Exchange (NSE) will today list the shares of BUA Cement Plc, which is a product of the merger of Cement Company of Northern Nigeria Plc and Obu Cement Company. The listing...

Unused Power: GenCos Lost N1.2trn In Five Years   About 24 power Generating Companies (GenCos) lost N1.19trn on electricity capacity not paid for in the Nigerian Electricity Market in the last five years. Records of loses on the stranded power generation capacity since 2015 shows that...