12

Oct

Geregu Power reports N20.55bn as profit in FY 2021

Geregu Power Plc recently published its Financial Statement for the year ended 31 December 2021 on NGX. The power generation company reported a turnover of N70.957 billion for the 12 months period, up by 32.19% from N53.677 billion reported the previous year. Profit after tax of N20.55 billion was declared for the period under review, up by […]

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SEC considers new regulatory framework to boost capital market activities

The Director General of Securities and Exchange Commission (SEC), Lamido Yuguda,  has said that the commission is considering a new regulatory framework that will further enhance the scope and operations of non-interest finance in the capital market. According to Yuguda, the new framework will address challenges and unleash the potential of non-interest capital market. He said the[…]

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11

Oct

NNPC explains reason for delayed payment to fuel importers

The CEO of NNPC Limited, Mele Kyari in a recent interview has said that the Company deferred payment to fuel importers, due to Nigeria’s falling crude revenues. Kyari noted that the fuel trading companies NNPC has deferred payments to are: Vitol, Total, Sahara Group, and Oando.  Kyari noted that the fuel trading companies NNPC has deferred payments[…]

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