Naira Falls To 1300/$ At Parallel Market   The naira tumbled to N1,300/$ at the parallel market on Tuesday. This is as it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 on the day. An Abuja Bureau de Change operator at Zone 4, Magaji Muhammed, said the...

Dangote Refinery: Investors Gain N1.2trn This Week   Equity investors in the stocks of companies under the Dangote Group have gained over 1.2tn during the first two trading sessions of this week. This marked increased appetite in the stocks of the companies listed on the Nigerian Exchange...

Dangote Refinery: Investors Gain N514bn as Production Kicks off  Dangote Group investors gained N514bn on Tuesday following an announcement that the Dangote Refinery had commenced production. Investors have rushed to Nigerian Exchange Limited to purchase stocks by Dangote Group, an entity that is sensitive to information. Subsequently,...

FG Issues New Licenses to 13 Electricity Generators, Distributors The Federal Government through the Nigerian Electricity Regulatory Commission has issued 13 new licences for the generation of off-grid and embedded power, independent electricity distribution, as well as for the trading of electricity. It said the new...

Credit to FG Declines 45% to N5.16 trn  Credit to the government fell for the second consecutive months by 45 percent to N5.16 trillion in November 2023 from N9.39 trillion in October in 2024. Data obtained from the Central Bank of Nigeria, CBN, Money and Credit...

Power: DisCos’ Revenue Rises 30% to N782.74bn The Nigeria Electricity Regulatory Commission, NERC, says revenues collected by eleven electricity distribution companies, DisCos, increased by 30 percent in the first nine months of 2023 to N782.74 billion, compared to N598.13 billion collected over the same period...