Results for "N40"

Nigeria's stock market concluded the trading week with a significant N405 billion increase, primarily fueled by price gains in major listed companies.

A 17-year-old boy has been denied bail after facing charges for allegedly driving a stolen BMW at high speed in the wrong direction on the N40 road. The teenager appeared before court where prosecutors detailed the dangerous driving incident that prompted his arrest.

A House of Representatives committee investigating the PFIPC scandal has identified 58 bank accounts and forged documents linked to a N400 million fraudulent transaction. Investigators are also examining a purported fake executive order connected to the case.

More than three years after the Lagos State High Court ordered the Nigeria Police to pay  N400m compensation to the families of four Ladipo Market traders allegedly extra-judicially killed by…

A 41-year-old mother of three in Nigeria is battling kidney failure and urgently needs N40m (approximately $27,000 USD) for a life-saving transplant, appealing for public assistance.

Police in Bauchi State, Nigeria, arrested two suspects in Alkaleri Local Government Area for alleged possession of rustled cattle and attempting to bribe officers with N400,000 to compromise the investigation.

A lawyer has raised concerns regarding the legal transfer of Ochacho’s N400m Abuja mansion to TikTok star Peller, citing issues with the Power of Attorney and allocation.

During a PFIPC probe, a businessman testified to Nigerian Representatives that he paid N400 million to Adeyemi for a contract, detailing their initial meeting in Ogbomoso.

Nyesom Wike, the Minister of the Federal Capital Territory (FCT), announced that between ₦300 billion and ₦400 billion would be required to complete the long-stalled Millennium Tower project in Abuja, deeming the cost excessively high.

Nigerian seaports recorded drug seizures worth N40 billion in the first half of 2026, indicating an increased use of maritime routes by traffickers.

Adeyemi has denied hiding and stated that he borrowed N400 million to secure his appointment to the PFIPC, speaking hours after calling for an independent panel to investigate the controversy.

Nigeria's National Biosafety Management Agency (NBMA) has destroyed 950kg of unauthorized transgenic cotton seeds valued at N40 million. This action was taken due to the seeds lacking proper approval for use in the country.

Nigeria's manufacturing sector contributed N404 billion in VAT and CIT in the first quarter of 2026, reinforcing its position as a major contributor to government revenue outside of oil.

Financial experts suggest that for women eligible for the 'Women40' program in Hungary, the best decision is to retire as soon as possible and continue working alongside it, based on financial logic.

Kidnappers of Kwara ECWA members are now demanding N300 million, despite already receiving N20 million, five bags of rice, 120 liters of petrol, red oil, seasoning, and N40,000 worth of hard drugs.

Governor Peter Ndubuisi Mbah is highlighted for his intentional leadership, which has reportedly led to a substantial increase in Enugu's Internally Generated Revenue (IGR) from N26bn to N407bn.

The Court of Appeal has nullified a high court judgment in Nasir El-Rufai’s rights suit concerning a N400bn probe, ordering a fresh trial due to a breach of fair hearing.

Senator Asuquo Ekpenyong has facilitated a N40 million grant for 400 small businesses in Cross River State, aiming to boost productivity and economic growth for his constituents.

Veteran actor Pete Edochie laments Nigeria’s electricity crisis, revealing he spends ₦40,000 daily just to power his home.

Nigeria’s National Revenue Service (NRS) unveils its 2026 revenue roadmap, targeting N40.7tn from taxes, oil, and mineral royalties amid ongoing reforms. Read More: https://punchng.com/nrs-unveils-20

Security forces are on high alert in Kebbe Town, Sokoto, after armed bandits issued an ultimatum demanding a N40 million payment under threat of attacking the community.

Security forces in Sokoto State have heightened their alert level following intelligence reports that armed bandits plan a fresh attack after imposing a 40 million naira levy on local residents.

Authorities in Kano have detained Ali Mohammed for allegedly defrauding hundreds of job seekers out of over N40 million by falsely promising government appointments.

The Federal Capital Territory Police Command has arrested several officers accused of extorting a businessman, marking a disciplinary action against internal corruption within the force.

Geregu Power Plc has successfully paid the eighth coupon and a portion of the principal on its N40.1 billion Series 1 Fixed Rate Bond, thereby resolving a recent credit default issue.

China has committed to providing 200 million RMB (approximately N40 billion) in grant assistance to Nigeria for development projects. This aid aims to support various initiatives within the country.

A businessman recounts losing N400 million to Adeniyi Adeyemi, who allegedly posed as the Director-General of the PFIPC and promised a renovation contract.

The Nigerian Exchange (NGX) experienced a 32% surge in turnover, reaching N404.7 billion in late July 2026, largely propelled by robust activity in banking stocks.

Nigerian government agencies have earmarked N400 billion in the 2026 budget for the construction and maintenance of mosques, palaces, and other public halls. This allocation has drawn attention as part of the national budget.

Nigerian music star Davido revealed that he spends between $300,000 and N400 million monthly in Nigeria. This disclosure highlights the significant financial outlay of the artist within the country.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has launched an investigation into a 'fake agency' scandal, while the alleged Director-General claims his life is in danger. The DG also stated he borrowed N400 million for his appointment to the purported agency.

The LFTZ Customs Command reported a revenue of N408.8 billion from January to June 2026, marking a 28.85% increase due to strategic compliance and stakeholder engagement.

Customs authorities have intercepted multiple shipments of smuggled goods, including foreign vegetable oil valued at N403 million and 3,310 jerry cans of the same, as well as endangered tortoises at Naia.

Governor Dauda Lawal’s administration in Zamfara, Nigeria, is making significant strides against banditry, investing N40bn in advanced security hardware and logistics.

The Nigeria Deposit Insurance Corporation (NDIC) has filed a lawsuit against Wema Bank concerning N125 billion worth of Banana Island properties and a N401 million disputed payment, as part of efforts to recover assets from a defunct bank.

Telecommunication companies in Nigeria are calling for urgent regulatory intervention to safeguard N400 billion in market value.

Ogun State Governor announced that Olumo Rock's revenue dramatically increased from N3 million annually to N40 million monthly following its refurbishment.

FCMB Group Plc has successfully completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, raising over N400 billion and securing its international banking license after obtaining all necessary regulatory approvals.

Flipperachi, the Bahraini rapper who gained popularity in India after his track FA9LA featured in the spy thriller Dhurandhar, will no longer be performing at the upcoming UN40 Music & Beyond Festival in India due to the ongoing situation in the Middle East.

The veteran actor also spoke on national issues, including insecurity and ethnic mistrust, and urged leaders to adopt state policing and focus more on the welfare of ordinary Nigerians. The post I spend N40,000 daily on electricity,’ Pete Edochie laments Nigeria’s power crisis appeared first on Premium Times Nigeria.

The NDPHC is demanding a N400bn settlement for outstanding electricity market debts from key participants like NBET, raising concerns about operational impacts and recovery strategies.

The Central Bank of Nigeria reported a 15.3% month-on-month decline in private sector credit, falling to N33.9 trillion in July from N40.03 trillion in June.

Indian authorities arrested a Nigerian national traveling between Mumbai and Indore with 57 grams of cocaine, launching an investigation into an alleged international drug trafficking network.

The FCT Police Command has arrested several officers accused of extorting N40,000 from a resident, with the state commissioner vowing strict disciplinary measures against police misconduct.

Former Ekiti State Governor Ayodele Fayose has accused the Accord Party of spending at least N40 billion in the Osun governorship election. This accusation comes in response to comments made by musician Davido regarding the election.

Investors in Geregu Power Plc are concerned after the company defaulted on its N40.09 billion Series 1 Senior Unsecured Bond, missing a semi-annual coupon payment, amidst an 88% plunge in its earnings.

Nigeria's House of Representatives committee is investigating the purported Presidential Foreign Investment Promotion Council (PFIPC) and its Director-General. A businessman testified to paying N400 million for a contract with the agency.

The star-studded wedding of Peller and Jarvis was a lavish affair, featuring numerous celebrities and influencers. The couple received extravagant gifts, including a N400 million mansion and N10 million in cash.

Gunmen have abducted an employee of Nigeria's Independent National Electoral Commission (INEC) in Anambra State, demanding a N40 million ransom after separate attacks along the Ebenebe axis of Awka North Local Government Area.

The 'fake' DG of PFIPC, Adeyemi, has denied hiding and stated that he borrowed N400 million to secure his appointment, expressing fears for his life.

The Nigerian Senate has approved the N403.1 billion Police Trust Fund budgets for 2025 and 2026. Concurrently, the Senate also backed the Customs' 2026 budget and its N11.074 trillion revenue target.

UBA has distributed over N400 million in anniversary bonuses to thousands of loyal customers through its UBA Bumper Account, aiming to promote a strong savings culture.

An official announced that a Nigerian agency disbursed N400 million to health facilities in Borno state during the first two quarters of 2024 to support healthcare services for nearly 120,000 beneficiaries.

A faction of the PDP party, backed by Makinde, has released its election timetable and set the cost for presidential nomination and expression of interest forms at a total of N40 million.

Ondo State's OSOPADEC has begun distributing N400 million in relief aid to communities in Ilaje LGA, following an alleged attack by Nigerian Navy personnel.

By Jimitota Onoyume  Polobubo (Tsekelewu) and its bloc communities in Warri North Local government area of Delta state have kicked against  their alleged exclusion from recently approved infrastructure projects worth over ₦400 billion by the state government. A statement signed by the president Paul Toruwei and the Youth leader Comr. Markson Juwoiye Aboh, lauded  the  […] The post Polobubo communities protest alleged exclusion from N400bn Delta Infrastructure projects appeared first on Vangua...

Hospital management confirmed that the disconnection was triggered by an unpaid electricity bill of about N400 million, which formed part of an accumulated electricity debt estimated at N3.1 billion in 2019 The post Persistent blackout at UCH sparks outrage, raises concerns over Nigeria’s healthcare infrastructure appeared first on Premium Times Nigeria.

Nigeria's National Revenue Service (NRS) is targeting N40.7 trillion in taxes, petroleum royalties, and other mineral revenues for 2026, as the House of Representatives scrutinizes the 2026 revenue projections.