CBN Backs Lagos Rail Project With N60bn Fund   The Central Bank of Nigeria has said it is supporting the Blue Rail Line project in Lagos with N60bn intervention fund. The Director, Development Finance, CBN, Yusuf Philip, disclosed this in Lagos on Thursday, during an inspection of...

We Process N60bn Electricity Invoices Monthly - NBET   The Nigerian Bulk Electricity Trading Plc on Sunday said it processed N60bn electricity invoices monthly for various operators in the power sector. NBET, a wholly owned agency of the Federal Government, is the manager and administrator of the...

NIPOST Launches N50 Stamp, Targets N60bn Revenue       The Nigeria Postal Service (NIPOST) has launched a new N50 denomination revenue stamp, projecting remittance of yearly revenue of more than N60 billion to the federal government. Speaking at the launch of the revenue stamp on Tuesday in Abuja,...

Sell-offs Persist As Market Shed N60bn     The equities market sustained a downtrend as market capitalisation declined by N57.9 billion to settle at N20.3 trillion while year to date loss worsened to -4.1 percent. The All-Share Index declined 29bps to settle at 38,601.83 points due to sell-offs...

Stock: Investors Gain N60bn As Seplat, 30 Others Rise       Investors in the nation’s stock market gained N60bn on Monday as Seplat Petroleum Development Company Plc and 30 other firms recorded price appreciation. The Nigerian Stock Exchange All-Share Index rose by 0.33 per cent to close at...

DMO To Raise N60bn Through Bond Auction     The Federal Government through the Debt Management Office (DMO) is set to raise N60 billion through bond issuance. The DMO in a bond offer circular released yesterday on its official website, stated that it plan to raise N20 billion...