Lagos Approves N13bn Pension Bailout   Lagos State Government says it approved N13bn pension bail in the 2020 budget, and released N1.92bn for the payment of accrued pension rights. A statement said this was disclosed during the 71st batch retirement bond certificates presentation ceremony to 444 retirees...

Stock Market Begins 2020 With N13bn Gain   The Nigerian Stock Exchange began trading for 2020 on a positive note as investors gained N13bn. The market capitalisation of equities increased from N12.958tn, which it ended 2019 with, to N12.971tn. The benchmark index (All Share Index) appreciated by 0.10...

Oando Records N13bn Profit In Q3, 2019   Oando Plc has announced its unaudited results for the third quarter ended September 2019, which showed that its profit after tax increased by 26 per cent to N13.1 billion, up from the N10.4 billion recorded in same period...

Exporters Shun N13bn Credit Facility At NEXIM Bank   Nigeria Export-Import Bank (NEXIM), has revealed that over N13 billion of Federal Government’s credit intervention for export and Small and Medium Enterprises (SMEs) have not been accessed. NEXIM, North West Regional Head, Waziri Albishir, made the revelation during...

Risk Concerns Push Airlines Insurance To N13bn Yearly   The cost of insurance in the Nigerian aviation sector has risen from N11 billion annually in 2017 to about N13 billion annually, figures released yesterday by the Airline Operators of Nigeria (AON) have shown. According to the association,...

NIPC Generated N13.8bn From Investment Promotion In 7years Between 2012 and 2018, the Nigeria Investment Promotion Commission earned a total of N13.8bn as Internally Generated Revenue for the Federal Government. The Executive Secretary, NIPC, Ms Yewande Sadiku, gave the figure in a presentation on the activities...