CBN Advised To Raise NIRSAL MFB Capital To N100bn The Centre for Social Justice has urged the Central Bank of Nigeria, and the Bankers Committee to raise the capital base of NIRSAL Microfinance Bank from N5bn to N100bn. The NMFB is a brainchild of the Bankers’...

NBET Owes Egbin Power Station N100bn Debt   The nation’s biggest power station, Egbin Power Plc, has said it is being owed over N100bn by the Nigerian Bulk Electricity Trading Plc for electricity generated and fed into the national grid. The government-owned NBET buys electricity in bulk...

By 2018 Nigeria’s Agro-commodity Export Revenue To Hit N100bn Revenue from Nigeria’s agro-commodity export is expected to rise above N100bn before the end of 2018, the Managing Director of Connect Rail Services Limited, Edeme Kikelume, has said. Kikelume, also said the sector had the potential to...

Islamic Banking: FG Issues Another N100bn Sukuk For Road Construction, Infrastructure   The Federal Government has announced approval for the issuance of another tranche of N100 billion Sukuk bond for the construction of roads in Nigeria. This was disclosed at a Two-Day Training on Sukuk Structurisation and...

Investors Stake N100bn On FGN Bonds - DMO The Debt Management Office said subscribers staked more than N100bn on FGN Bonds, which it issued on Wednesday. According to the agency, although it offered N90bn bonds, investors oversubscribed the offer by more than N10bn. More than N100bn raised...

Reps Probe N100bn Underpayment By NNPC   The House of Representatives has ordered an investigation into the alleged underpayment of over N100bn to the Federation Account by the Nigerian National Petroleum Corporation. On account of the non-remittance from crude oil sale proceeds, the monthly Federation Account Allocation...