Stock Market Records N4bn Loss       At the close of trading on the floor of the Nigerian Stock Exchange (NSE), the domestic equities market posted a loss of N4 billion market capitalisation while year to date loss settled at -4.6 per cent. The All-Share Index fell marginally...

N4bn Debt: AMCON Takes Over Investment Firm’s Assets       The Asset Management Corporation of Nigeria has taken over assets belonging to the chief promoters of Geedee Zulu Investment Limited, Frank Ezuma and Lilian Ezuma, over indebtedness of over N4bn. The Head of Corporate Communications Department, AMCON, Jude...

Electricity: Nigeria Lost N4bn To Workers Strike   The industrial action undertaken by members of the National Union of Electricity Employees (NUEE) on Wednesday may have cost the country over N4bn with nationwide outages. NUEE called off the strike yesterday after meeting with the Federal Government. Economic...

CBN Sets N4bn Capital For CPC, CIT Firms     The Central Bank of Nigeria has set new rules and capital requirements for Currency Processing Companies and Cash-In-Transit companies that want to operate in the financial sector. The CBN stated this in a circular on ‘Revised guidelines for...

Osinbajo Advises States Against Raising IGR At All Costs …Says FG Saving N4bn Monthly On Bank Charges   Vice-President Yemi Osinbajo on Thursday advised state governments not to fall into the temptation to prioritise raising Internally Generated Revenue at all costs. He said if such was done in...