Stock Investors Lose N600bn, Market Cap Drops Below N20trn       Investors in the Nigerian stock market lost N600bn last week as the market capitalisation of equities fell below the N20tn mark. The Nigerian Exchange Limited All-Share Index and market capitalisation declined by 2.93 per cent to close...

CBN Yet To Disburse N600bn Manufacturing Intervention Funds       The Central Bank of Nigeria (CBN) says N600 billion out of the N1 trillion COVID-19 intervention fund for manufacturers is still awaiting disbursement. CBN Governor, Godwin Emefiele, who disclosed it at the weekend, said N400 billion has already...

We’re Injecting N600bn Into Agriculture – Fed Govt     The Federal Government has resolved to inject over N600bn as stimulus response into Nigeria’s agricultural sector, the Minister of Agriculture and Rural Development, Sabo Nanono, has said. Nanono said the fund would target small scale farmers to ensure...

GenCos Add 4,000MW Power Capacity, Decry N600bn Debt   Power Generation Companies (GenCos) in Nigeria have said they have raised power plants’ capacity by 4,000 megawatts (MW) seven years after the privatization and despite being owed over N600 billion debts. Speaking against the call for the traversal...

MTN Commits N600bn To Network Infrastructure     MTN Nigeria plans to spend an estimated N600 billion on technical infrastructure over the next three years as it looks to expanding its network coverage across the country by 2024 Speaking at its first public Annual General Meeting which held...

Nigeria Loses N600bn Monthly To Gridlock   The Federal Government says it has concluded plan to engage relevant stakeholders to address the persistent gridlock at the nation’s ports. Rep. Victor Akinjo, Chairman, House of Representatives Committee on Privatisation and Commercialisation, made this known on Thursday during...