Heat oil in a large-pot over moderate heat. Then add green pepper, onion and a large pinch of pepper and salt. Cook, stirring regularly for 4-5minutes.
Add garlic and jalapeno into the pot & cook for one more minute, stirring regularly.
Add black beans, chiles in adobo, chili powder, cumin, garlic powder, corn, vegetable broth, tomatoes, vegetable juice and rice.
Stir everything together and bring to a simmer over moderate heat. Then cover & simmer over low-heat for 10minutes, or till the rice is cooked through. Make sure you stir every few of minutes.
Stir in sugar if desired alongside juice of 1 lime. Season to taste using salt and pepper. Serve and enjoy!