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Tag: N18 Billion

Over 3m Nigerians Lost N18bn To Ponzi Schemes – SEC

Over 3m Nigerians Lost N18bn To Ponzi Schemes – SEC       Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday. Director-General, SEC, Lamido Yuguda, said this during a webinar organised by the commission. Ponzi schemes are fraudulent investing...

Contractors Picket Finance Ministry Over N18bn Debt

Contractors Picket Finance Ministry Over N18bn Debt     Indigenous contractors on Monday staged a protest at the headquarters of the Federal Ministry of Finance, Budget and National Planning to kick against the non-payment of their N18bn contract sum by the ministry. Speaking on behalf of the aggrieved...

Stock Market Advances With N18bn Gain

Stock Market Advances With N18bn Gain     The nation’s stock market closed higher on Wednesday as the bulls maintained their grip on the market following gains recorded majorly by blue-chip stocks. The key market performance indicators, the Nigerian Stock of Exchange All-Share Index and market capitalisation, rose...

NNPC Suspends Tickets Recycling At Depots, Saves N18bn

NNPC Suspends Tickets Recycling At Depots, Saves N18bn The Nigerian National Petroleum Corporation has discovered the illegal recycling of loading tickets used by petrol transportation trucks at depots operated by the Pipelines Products Marketing Company, a subsidiary of NNPC. It was also gathered that the national...