Oil & Gas, Bank Stocks Drag Market N72bn Lower
Banking and oil and gas stocks have further dragged the market lower, shedding N72bn as the market capitalisation of equities dropped to N12.930tn on Wednesday.
The market capitalisation of equities, which increased to N13.049tn on Monday, dropped...
Discos: We Cannot Recover N72bn Investment In Our Networks
The electricity distribution companies (Discos) in Nigeria’s power sector have cautioned the federal government against unilaterally investing N72 billion to upgrade their distribution networks, stating that they may not be able to recover it from the...
Discos: FG Appoints TCN To Manage N72bn Planned Investment
The federal government has appointed the Transmission Company of Nigeria (TCN) to manage the N72 billion investments it plans to sink into the 11 electricity distribution companies (Discos) to upgrade their distribution infrastructure and networks.
TCN has...
In 3months Nigeria Loses N72bn To Gas Flaring
Oil and gas companies operating in the country flared a total of 85.81 billion standard cubic feet of natural gas in the first three months of the year, causing the country an estimated loss of N72.41bn.
Data obtained...
Electricity: FG To Invest N72bn To Boost Power Distribution
Minister of state, power, works and housing, Suleiman Hassan Zarma, has stated that the federal government is ready to dole out N72 billion to electric distribution companies in the country to boost power supply and increase...
