N20bn Bailout Loan: Kogi Sues EFCC, Demands N35bn ‘In Damages’     The Kogi state government has dragged the Economic and Financial Crimes Commission (EFCC) to court over “unsubstantiated allegations” on bailout funds. Over the past months, the anti-graft agency and the Kogi government have been at loggerheads...

Transactions On NGX Negative As Capitalisation Drops By N20bn   Transactions on the Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses in many blue-chip stocks, causing market capitalisation to slump by N20 billion. Specifically, at the close of trading yesterday, market capitalisation...

Insurance Firms To Pay N20bn #EndSARS Claims   Insurance companies will eventually pay about N20 billion in compensations for losses recorded during the October 2020 #EndSARS protest. Speaking with the News Agency of Nigeria (NAN) in Lagos on Wednesday, the Chairman of the Nigeria Insurance Association (NIA),...

Banking, Insurance Stocks Drop As Market Sheds Nearly N20bn           Equity investors in the Nigerian Exchange Limited lost N19.51bn on Monday as the market capitalisation slid down from N20.29tn to N20.27tn at the end of trading. The NGX All-Share index depreciated by 0.10 per cent as it...

Kwara Govt Spends N20bn On Pensions, Gratuities In Two Years       Kwara State Government has spent close to N20 billion on payment of pension and gratuities in the last two years. The Special Adviser on Strategy to Gov. AbdulRahaman AbdulRazaq, Sa’adu Salahu, disclosed this on Sunday...

Investors Lose N20bn As Stock Extends Decline       Investors lost N20bn on Wednesday as the nation’s stock market extended its decline to the third consecutive trading session amid profit-taking. Five insurance stocks were among the top six losers at the end of trading on Wednesday. The market had...