NSIA Revenue Increases By 343% To N160bn       The Nigeria Sovereign Investment Authority, manager of Nigeria’s sovereign wealth fund, on Tuesday announced its audited results for 2020 financial year, reflecting a 343 per cent growth in income to N160bn. It said this was disclosed in its Audited...

Power Firms Owe Us N160bn, Says NDPHC       The indebtedness of the power sector to the Niger Delta Power Holding Company has hit N160bn, the Managing Director, NDPHC, Chiedu Ugbo, stated on Wednesday. NDPHC is Nigeria’s power company fully subscribed to by the federal, state and local...

Bond Investors Get N160bn Interest Payment In 2 Weeks       Investors in the Federal Government of Nigeria (FGN) bonds are expected to reap N160 billion as interest (coupon) payment in two consecutive weeks even as the Debt Management Office (DMO) auctions N145 billion worth of bonds...

Stock Market Extends Weekly Gains By N160bn     Trading activities on the floor of the Nigerian Stock Exchange sustained positive sentiment last week as the NSE All-Share Index and market capitalisation appreciated by 1.17 per cent to close at 25,605.64 and N13.36tn respectively. All other indices finished...

Highway Development, Management Will Generate N160bn - FG     The Federal Government on Thursday engaged stakeholders from various sectors of the economy for the implementation of its Highway Development and Management Initiative. It said the HDMI sought to bring multi-dimensional resources of skills, manpower, finance, technology and...

Nigeria Loses N160bn To OPEC Production Cut   Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil production by members of the Organisation of Petroleum Exporting Countries (OPEC) in May. However, the impact on gross receipts...