THE Chairman of the Nigerian Electricity Regulatory Commission, Sanusi Garba, has stated that the agency has not approved a recent tariff rate adjustment in the power industry. The last tariff review, Garba stated at Abuja on Friday, was approved on December 31, 2021, and took effect in February of this year. He stated, “I want to, on behalf of the management of NERC, clearly state that as of today …
ACCORDING to trading statistics from the FMDQ Exchange platform, demand pressures impacted the value of the Nigerian naira in the foreign exchange markets last week, resulting in a decrease in …
NOLLYWOOD actress Nancy Isime has taken to her Instagram page to mourn the demise of her mum who passed on 26 years ago. The actress who doubles as event host …
THE Federal Government has finalized plans to launch a new initiative called ‘Investing in Digital and Creative Enterprises’ with a commitment of more than $600 million to help young people …
THE President of the African Development Bank Group, Dr. Akinwumi Adesina, has revealed that a fertiliser crisis created by the Russia war in Ukraine could jeopardise more than $10 billion …
NIGERIA’S Minister of Mines and Steel Development, Olamilekan Adegbite, has announced that production of 42.74 billion metric tonnes (MT) of bitumen, which has been idle for years, will resume soon. …
WITH the opening of its flagship branch in Trans Amadi, Port Harcourt, Rivers, Premium Trust Bank has entered the list of licensed commercial banks in Nigeria. Premium Trust Bank’s Managing …
THE equity market remained buoyant on Wednesday, with investors gaining N319.61 billion at the end of trading on the Nigerian Exchange Limited’s floor. On Wednesday, the market capitalization of the shares listed on the NGX increased to N25.952 trillion from N25.632 trillion on Tuesday. From 47,545.86 basis points, the NGX All-Share Index increased to 48,138.71 basis points. At the close of trading on Wednesday, 28 firms had gained ground, while 21 had lost ground. Investors traded 349.56 million shares for N3.7 billion in 4,587 transactions. ETERNA and JAPAULGOLD were the top gainers, with their share prices rising 10% to N5.5 kobo and 33 kobo, respectively. WAPIC and NB’s share prices increased by 9.52 percent and 8.6 percent to 0.46kobo and N44.20, respectively, while GUINNESS and MEYER’s share prices increased by 9.96 percent and 9.52 percent to N82.25 and N1.93, respectively. The equities market remained bullish, according to Parthian Securities, thanks to large-cap bargain hunting. “We expect the market to remain positive tomorrow at Thursday’s trading session due to increased investor participation in the market,” …
ACCORDING to information acquired from the Central Bank of Nigeria, Nigeria’s external reserves increased by $243.83 million in 19 days. According to the CBN’s data on reserve movement, the value …
UNDER the newly launched RT200 Non-oil Export Proceeds Repatriation Rebate Scheme, the Central Bank of Nigeria (CBN) has disbursed N3.5 billion in reimbursements to exporters of semi- and fully-processed non-oil …