Investors Gain N187bn in Market Capitalisation
The Nigerian Exchange extended its bullish run on Wednesday, gaining N187bn in market capitalisation, driven by increased trading activity and positive investor sentiment.
At the close of trading, the All-Share Index rose by 296.39 points, or 0.27 per cent, to...
Power: NERC Issues Fresh Guidelines on Third-party Revenue Collection
The Nigerian Electricity Regulatory Commission has released new guidelines mandating a digitised, transparent, and accountable framework for electricity revenue collection.
The new regulatory directive, titled “Guidelines on Registration and Engagement of Third-Party Collection Service Providers”, was released...
S’Africa Leads as Africa’s Top Fuel Importer - Report
Nigeria has relinquished its long-held position as Africa’s largest importer of refined petroleum products following the ramp-up of operations at the Dangote Petrochemical Refinery, a new report has stated.
South Africa has now overtaken Nigeria as the...
Senate Passes ₦1.81tn 2025 FCT Budget
The Senate has passed the 2025 FCT Statutory Appropriation Bill, authorising a total expenditure of about ₦1.81 trillion for the Federal Capital Territory for the 2025 fiscal year after a third reading.
The passage followed the presentation of the joint...
Ex Minister Unveils FCC Vision for Africa’s Rebirth at Rotary DisCon 2025
Former Aviation Minister and Chancellor of the Athena Centre, Chief Osita Chidoka, has called on African leaders to embrace fundamental values and discipline as the foundation for national transformation.
He made this known during...
Naira Holds Firm Against Dollar in Parallel Markets
The naira steadied against the US dollar on Wednesday, in the parallel market.
A source at the Abuja black market told Economic Confidential that as of May 28, the naira was trading at ₦1,605/$1 for buying and ₦1,615/$1...
