Debt: FG Disconnects Discos From National Grid   Millions of electricity consumers may be plunged into darkness in the coming weeks as the Federal Government via the Transmission Company of Nigeria and the Market Operator have begun a massive disconnection of debtor electricity distribution companies (DisCos)...

Forex: Turnover In I&E Declines By 46% To $1.4bn   The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market fell by 46 per cent, month-on-month (MoM) to $1.4 billion in April 2023 from $2.6 billion in March. This...

Fed Govt To Build Another Seaport In 2026 – NPA   The Federal Government is planning to set up another deep seaport in the next three to four years, the Nigerian Ports Authority has disclosed. The Managing Director of NPA, Muhammad Bello-Koko, said in an interview with...

NGX Group Earns N412m In Q1, 2023   For the period ended March 31, 2023, the Nigerian Exchange Group Plc (NGX Group) has achieved a Profit Before income Tax (PBT) of ₦412.2 million against ₦339.2 million recorded in the corresponding period in 2022. Specifically, the Group’s unaudited...

World Bank Board Elects Ajay Banga As President   The World Bank’s board of governors yesterday elected former Mastercard CEO, Ajay Banga, to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other...

Food Prices Still On The Rise In Nigerian Markets — NBS   The National Bureau of Statistics (NBS)said that prices of food items such as yam, beans and beef witnessed increases in March. This is contained in NBS Selected Food Prices Watch Report for March 2023 released...