Over N120bn Raw Sugar Imported In The Last Few Months         More than N120 billion raw sugar was imported into the country in the last few months, it was learnt. It was projected that the country would need 1.7 million metric tons to meet local consumption in...

Nigeria Spends N120bn Yearly On Idle Refineries — Petroleum Engrs       Citing the reports of the Nigerian National Petroleum Corporation, NNPC, the Society of Petroleum Engineers, SPE, Nigeria Council, has stated that Nigeria spends nothing less than N120 billion on its non-performing refineries annually. The group therefore...

NBET Owes Power Stations N120bn In Three Months     The Nigeria Bulk Electricity Trading Plc failed to pay 25 power producers a total of N119.55bn in the first three months of this year for the electricity produced and fed into the national grid. The government-owned NBET buys...

Stock Market Records N120bn Weekly Loss     The equities segment of the Nigerian Stock Exchange closed on a negative note last week as investors lost N120bn. The NSE All-Share Index and market capitalisation both depreciated by 1.00 per cent to close the week at 25,016.30 basis point,...

Banks’ Software Investment Grows By 55% To N120bn   Although investments in software by Nigerian banks have grown over the years, Nigerian software developers have made minimal input in the financial industry. The investment of 10 Nigerian Deposit Money Banks in software, which has accrued over the...