Budgeting Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Political Economy Revenue Science 'n' Technology Technology Transportation

NNPC, Daewoo Seal $741Mn Deal For Kaduna Refinery’s Repair

The Nigerian National Petroleum Company Limited (NNPCL) has signed a $741 million maintenance service contract with Daewoo Engineering and Construction Company Limited for a quick fix repair of the moribund Kaduna Refinery and Petrochemical Company (KRPC). A statement by the Nigerian oil company indicated that the signing ceremony was performed on Thursday by the top […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Revenue

NGX Sustains Positive Trend, As Investors Gain N272Bn

The Nigerian Exchange (NGX) closed positive for the second consecutive day on Thursday amidst buy-interests and sell-offs by investors as bulls dominated proceedings, driving up the broad market’s index. Available data from the market’s moderating institution showed that at the end of the trading session, the All-share Index (ASI) appreciated by 0.93% to close at […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Revenue Technology

NGX Opens February Trading Positive, As Investors Gain N142Bn

Trading at the Nigerian Exchange (NGX) closed positive today amidst buy-interests and sell-offs as bulls dominated the session, thereby increasing the broad market performance Consequently, the equities market’s All-share Index (ASI) appreciated by 0.49% to close at 53,499.68 points while the market capitalization grew by N142 billion to close at N29.139 trillion. The market’s indices […]

Budgeting Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Political Economy Transportation

IPMAN Promises Improved Fuel Supply, Lower Pump Prices

The Independent Marketers Association of Nigeria (IPMAN) has promised fuel users in the country of improved product supply and lower pump prices within the next two weeks. The association’s National Operations Controller, Mr Mike Osatuyi, made this pledge on Wednesday while responding to a question on Arise TV’s Morning Show programme. The marketing chief hinged […]

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AfDB AFAWA’s Support For Women Entrepreneurs Hits $1.051Bn

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), an initiative of the African Development Bank (AfDB) has supported African women entrepreneurs with over $1 billion in approved funding to boost their businesses and incomes. The AFAWA was launched in 2015 in Dakar during the first Feed Africa conference (Dakar 1 Africa […]

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IMF Raises Nigeria’s GDP Growth Projection To 3.2%

The International Monetary Fund (IMF) has revised upward its 2023 growth projection for Nigeria’s economy to 3.2% from the earlier projected 3.1% growth rate published in its World Economic Outlook Update (WEO) in October last year. The IMF made the latest forecast in its World Economic Outlook Update  published on Tuesday. It reported that the […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development

Naira Rebounds, Trades N751/$1 At Black Market

The Naira slightly appreciated in its exchange value against the US dollar at the black market in the early hours of Tuesday, trading at N751/$1 compared to N752/$1 it exchanged at during Monday’s  trading session. Some black market FX traders attributed the rebound of the local currency to the current CBN’s currency swap policy that […]

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Buhari Inaugurates 10MW Kano Solar Power Project

President Muhammadu Buhari on Monday inaugurated the 10 megawatts Kano solar power project funded by the Nigeria Sovereign Investment Authority (NSIA) at a cost of $16 million. Speaking during the epochal event in the nation’s sustainable, environment-friendly power project drive, Buhari expressed satisfaction with the installation of the solar power plant, with over 21,000 solar […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Revenue

Naira Dips In Value, Trades N753/$1 At Parallel Market

Nigeria’s national currency – Naira – depreciated in its exchange rate against the US dollar at the parallel market in the early hours on Monday to N752/$1, representing a 0.94% depreciation when compared to the N745/$1 it traded on Friday. Some black market FX traders attributed the depreciation of the local currency to large quantity […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Revenue Technology

Investment Analysts Forecast Bright Outlook For Equities Market

Investment analysts and economists at Bancorp Securities Limited, a leading investment research firm in Nigeria, on Monday projected mixed sentiment in the nation’s equities market this week, noting however, that earnings expectations would continue to provide a catalyst for  the market’s positive performance The experts in the firm’s ‘Weekly Stock Recommendations Jan 30 – Feb […]