NERC Says Niger Owes Nigeria N4bn for Electricity supply The first quarter report of the Nigerian Electricity Regulatory Commission shows that Niger presently owes Nigeria N4.22bn ($5.48m) for the provision of electricity According to the report, Niger’s state power firm, Nigerien Electricity Society, was yet to...

Telcos Sector  Generated N3.33tn Revenue on Calls, Data in 2022 — NCC Nigerian Communications Commission says Nigerians and other telecommunication consumers within Nigeria spent N3.33tn on calls, data, SMS, and other telecom services in 2022. This is as telcos made N3.33tn in total revenue for the...

Gas Price to Rise Next Week - Marketers The President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, disclosed that Liquified Natural Gas price also known as cooking gas is set to rise next week due to external forces and taxes. While hinting...

Naira Gains, Exchanges At N757.51/$   The Naira on Tuesday appreciated against the dollar, exchanging at N757.51 at the Investors and Exporters window. The Naira gained by 2.23 per cent when compared with N774.78 for which it exchanged for the dollar on Monday. The open indicative rate closed...

Stock Market Maintains Downward Trend, Declines By N15bn   The stock market of the Nigerian Exchange Limited (NGX) yesterday declined by N15 billion, maintaining downward trend over investors profit-taking in Geregu Power Plc and 23 others. The NGX All-Share Index (ASI) depreciated by 27.06 basis points or...

Banks Deposit With CBN Hits N822.34bn In July   Deposit Money Banks (DMBs) deposited N822.34 billion with the Central Bank of Nigeria (CBN) in July 2023, the apex banks’ Financial Data posted on its website has revealed. The N822.34 billion represents 42 per cent Month-on-Month (MoM) increase...