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N1.8trn Fund: We Received Only N58bn – Discos

N1.8trn Fund: We Received Only N58bn - Discos     Electricity distribution companies on Wednesday claimed that out of the N1.8tn intervention fund so far injected into the power sector, they only accessed N58bn from the Central Bank of Nigeria’s N213bn loan facility. The Discos said the N58bn...

Stock Market Extends Gain With N58bn

Stock Market Extends Gain With N58bn     Trading on the floor of Nigerian stock market on Tuesday maintained a bullish trend following gains recorded majorly by blue-chip stocks. The major market performance measures, the NSE All Share Index and market capitalisation, rose by 0.49 per cent as...

Discos: We Were Eligible To Only N58bn Of CBN’s Power Sector Fund

Discos: We Were Eligible To Only N58bn Of CBN’s Power Sector Fund   The electricity distribution companies (Discos) have said the Central Bank of Nigeria (CBN) reserved just about N58.45 billion or 27.75 per cent of its N213 billion power sector intervention fund for the Discos,...

Auditors To Get N8.7bn For Recovering N58bn Into Federation Account

Auditors To Get N8.7bn For Recovering N58bn Into Federation Account   Auditors who helped to recover N58bn into the Federation Account are to receive N8.7bn for their efforts, investigation has revealed. The amount represents 15 per cent of the recovery, which the auditors helped the government to...

Stock Market Gains,As Dangote Cement Drives N58bn

Stock Market Gains,As Dangote Cement Drives N58bn Despite the fact that trading on the floor of the Nigerian Stock Exchange on Tuesday was characterised by sell-offs across sectors, the negative impact was offset by buying interest in some large cap stocks, especially that of Dangote...