DMO to Issue April 2024 Savings Bonds at 18.046%   The Federal Government through the Debt Management Office has opened offers for the April 2024 Savings Bond, with rates reaching as high as 18.046% per annum. According to the announcement made by the DMO, the 2-year FGN...

Finally, Dangote Refinery Supplies Petroleum Products to Local Market Dangote Refinery's group executive, Devakumar Edwin, has confirmed shipping of diesel and jet fuel into the local market. "We have substantial quantities. Products are being evacuated both by sea and road. Ships are lining up one after...

CBN Rate Hike: PFAs to Increase Investments in Bonds Pension fund administrators (PFAs) in Nigeria are poised to increase their investments in bonds, as the recent interest rate hikes by the Central Bank of Nigeria (CBN) are making bonds more attractive to investors. The CBN...

Nigerian Railway Generates N1bn Record Revenue in 2023 Q4 - NBS According to the National Bureau of Statistics (NBS), the Nigerian Railway Corporation generated a record N1.07 billion in passenger revenue in the fourth quarter of 2023. The report showed that the figure decreased by 7.51...

FG Increases Gas to Power Price Price By 11% The federal government has announced an increase in the wholesale price of gas to power plants by 11 per cent from $2.18 per MMBTU (Million British Thermal Unit) to $2.42/mmbtu. The gas companies had since January this...

DisCos Revenue Surge to N1tn, Unmetered Customers Hit 5.8m Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or...