Power Sector Loses N20.5bn Revenue As Load Rejection Lingers         About N20.5bn revenue was lost by Nigeria’s power sector between January 1 and 22, 2021, as operators in the business complained that energy was still being rejected by distributors. Data obtained from the Federal Ministry of Power...

2021 Budget: MDAs To Get N20bn For Electricity, Local Contractors       The Federal Government plans to settle the electricity bills of its ministries, departments and agencies with N5bn and offset the debts of local contractors with N15bn in 2021. It also plans to settle ex-workers of the...

Stock Market Extends Weekly Decline As Investors Lose N20bn       Trading activities on the floor of Nigerian Stock Exchange closed on a negative note last week as the All-Share Index depreciated by 0.08 per cent to 25,572.57 basis points. The market capitalisation appreciated by N20bn to close...

Stock Market Sustains Positive Sentiment, Investors Gain N20bn     the Nigerian stock market on Wednesday sustained positive sentiment to the sixth consecutive trading session as the market capitalisation gained N20bn. The key market performance indicators, the Nigerian Stock Exchange All-Share Index and market capitalisation, rose by 0.15...

GBfoods, CBN, Others Complete N20bn Tomato Processing Factory      GBfoods, a culinary products manufacturer, in partnership with the Central Bank of Nigeria, the Kebbi State Government and the Emirate of Yauri, has completed the building of a N20bn tomato processing factory, in Kebbi State. A statement from...

In Two Months, NNPC Records 74 Pipeline Breaches   The Nigerian National Petroleum Corporation (NNPC) lost over N20 billion due to 74 pipelines breaches by suspected crude oil thieves in January and February this year, the national oil company has said. Information obtained from the corporation also...