Oil Firms Borrowed N130bn From Banks In February – CBN     Operators in the downstream, natural gas and crude oil refining sectors of the Nigerian oil and gas industry borrowed N130bn from Nigerian banks in February amid the significant rise in global crude oil prices. The debt...

Stock Market Sheds N130bn, Extends Losing Streak       The market capitalisation of equities listed on the nation’s stock market declined by N130bn last week as negative sentiments persisted amid profit-taking. The Nigerian Stock Exchange All-Share Index closed at 40,186.70 basis points on Friday, down from 40,439.85 a...

N130bn Goods Trapped Since Border Closure - Importers         The Association of Nigeria Licensed Customs Agents (ANLCA), on Monday, said goods worth N130 billion belonging to the private sector were trapped since August 2019 when the land border closure began. However, ANLCA said it has received the...

Investors In Selling Spree As Market Losses Reaches N130bn   Equity investors have embarked on a selling spree as the market extended losses to its second consecutive day, losing N130bn. The market capitalisation of equities depreciated from N15.30tn on Monday to N15.17tn on Wednesday as the All...

Kwara Assembly Okays N130bn Revised Budget   The Kwara State House of Assembly has approved N130,380,403,956 as the new revised total budget size of the State. The approved sum by the lawmakers was against the initial N157,802,032,561, which showed a decrease of N27,421,628,605, representing 17.4 per cent. However,...

Nigeria Needs N130bn Yearly Investment In Seed Production A data analyst at Access to Seeds Foundation, Timothée Pasqualini, has said Nigeria needed an annual investment of N130bn to meet the actual demand for seed production which is about 400,000 metric tonnes per annum. According to the...