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35 Stocks Close Higher, Investors Gain N14bn

35 Stocks Close Higher, Investors Gain N14bn       The equities market of the Nigerian Exchange Limited closed N14.10bn higher at the end of last week, with 35 listed companies recording share price gains. The NGX All-Share Index and market capitalisation appreciated by 0.01 per cent to close...

Stocks End Six-day Gaining Streak As Investors Lose N14bn

Stocks End Six-day Gaining Streak As Investors Lose N14bn     The Nigerian equity market closed in the red on Thursday as investors began to take profits to increase capital gains. The key market performance indicator, the Nigerian Stock Exchange All-Share Index, declined by 0.10 per cent to...

Capped Tariff Costing DisCos N14bn Monthly

Capped Tariff Costing DisCos N14bn Monthly     The power sector is denied N13.9bn revenue monthly as a result of the capping on estimated electricity bills by the Nigerian Electricity Regulatory Commission, power distribution companies stated on Thursday. Electricity distribution companies are the revenue collection outfits of Nigeria’s...

Fed Govt Probes N14bn Allocated To NSEZCO In Budget

Fed Govt Probes N14bn Allocated To NSEZCO In Budget   The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has clarified that the N14 billion budgeted for the Nigeria Special Economic Zones Company (NSEZCO) is been investigated as the said money appropriated for the...

Stock Market Welcomes August With N14bn Gain

Stock Market Welcomes August With N14bn Gain   The stock market witnessed a rebound on Thursday, the first trading day in August, as it gained a meagre N14bn. The market, which had recorded a year-to-date loss of -11.8 per cent as of the last day in July,...

FG Injects N14bn Into Mineral Exploration

FG Injects N14bn Into Mineral Exploration The Permanent Secretary, Federal Ministry of Mines and Steel Development, Dr Abdulkadir Muazu, has said government has invested about N14 billion in mineral exploration across the country. Dr Muazu spoke at a stakeholders’ workshop of the National Integrated Minerals Exploration...