Senate Queries NBET On N50bn Escrow Account         The Senate Public Account Committee has asked the Nigeria Bulk Electricity Trading Plc to explain how it managed the N50bn in its Escrow Account. The chairman of the committee, Senator Matthew Urhoghide, issued the directive based on the 2015...

NSE Gains N50bn On Blue-chip Firms         Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on a positive note with a gain of N50bn to halt the previous two days’ losses. The NSE All-Share Index appreciated by 0.23 per cent with market...

Reps Demand N50bn Airlines Bailout         The House of Representatives has said Nigeria’s aviation sector needs about N50bn to cushion the effects of the COVID-19 pandemic while dismissing the N4bn proposed by the Federal Government as grossly inadequate. The House Committee on Aviation, which addressed journalists in...

Access Bank Announces N50bn Interest-free Loan For Businesses       Leading financial institution in Nigeria, Access Bank Nigeria Plc. has announced N50 billion in support of Nigerians through interest-free loans and grants to support communities, the youths, and micro, small and medium-sized businesses. “Now more than ever, we...

Non-performing Loans Rise By N50bn On Increased Lending       Banks’ non-performing loans rose by N50bn to N1.17tn as of the end of August from N1.12tn as of the end of June, the latest figures from the Central Bank of Nigeria and the National Bureau of Statistics...

Stock Market Rebounds With N50bn Gain     The Nigerian equity market closed in the green on Thursday as investors began to take position on the undervalued stocks. The Nigerian Stock Exchange All-Share Index grew by 0.38 per cent as market breadth closed on a positive note with...