NGX Investors Lose N7bn Amid Yuletide Sell-offs   Preparations for Yuletide have continued to take a toll on the equities sector of the Nigerian Exchange Limited (NGX) as investors’ wealth depreciated further by N7 billion. Specifically, the All-Share Index declined by 13.74 per cent, representing a decrease...

PTAD Pays N7bn As Pension Gratuities In Two Years   The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr Chioma Ejikeme, has said that over N7 billion has been paid as pension gratuities in the last two years. Dr Chioma revealed this at the weekend at the...

NAHCO Loses N7bn To COVID-19, Declares N203m Dividend       Nigerian Aviation Handling Company Plc (NAHCO Plc), has declared a dividend of N203 million for the 2020 financial year despite losing an estimated N7 billion to pandemic disruption. The marginal profit earns shareholders a gross dividend of 12.50...

FG Targets N7bn Annual Tax Revenue From Solar     The federal government has highlighted some of the secondary benefits of the N140 billion solar power programme that is aimed at providing electricity to 25 million Nigerians through off-grid connections to five million homes. The Minister of Power,...

Solar Power Programme’ll Generate N7bn Tax Revenues Yearly - FG       The roll out of five million new solar power connections in off-grid communities is to generate an additional N7bn in tax revenues annually to Nigeria, the Federal Government has said. According to the government, the programme...

Lawmakers, Power Ministry Bicker Over N7bn Spending     The House of Representatives has accused the Federal Ministry of Power of spending N7bn on the Kashimbila power project without appropriation. It also faulted the ministry for keeping government money in commercial banks in 2015. The House Committee on Public...