NERC Fails To Explain N2bn Contract Proposal       The Chairman of the Nigerian Electricity Regulatory Commission, Prof. James Momoh, on Wednesday, failed to tell the House of Representatives the total cost of demarcating and renovating the commission’s headquarters in spite that N2bn was proposed for completion...

FG Arraigns Dantata Success Promoters Over N2bn Fraud       The Federal Government has arraigned Dantata Success and Profitable Company and their promoters before the Federal High Court in Abuja for investment fraud amounting to over N2bn. According to a statement from the Securities and Exchange Commission, those...

Stock Market Extends Decline By N2bn       Equity trading on the floor of the Nigerian Stock Exchange on Wednesday witnessed another decline in share prices as bears sustained their grip on the market. The market breadth also closed negative with 17 gainers against 19 losers. The All-Share Index...

NDIC Gets N2bn To Pay Depositors Of Liquidated Bank     The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday said it liquidated Fortis Microfinance Bank (FMB) to protect the interest of depositors. It said the bank went into distress because of mismanagement and abysmal corporate governance practices The Central...

Importers Fret Over N2bn Air Cargo Storage Charge     The COVID-19 lockdown resulted in un-cleared goods stuck in airport warehouses. The goods have accumulated N2bn in demurrage with owners and cargo handlers arguing over waivers There are billions of naira worth of overtime cargoes at the airports...

Nigerian Aviation Company Invests N2bn On Ground Handling Equipment The Nigerian Aviation Handling Company (NAHCO) Plc disclosed yesterday that it has spent N2bn to acquire ground handling equipment in the first phase of its investment plans. The company also said that it had commenced the second...