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

NGX Closes Week Strong, As Cap Rises By N29Bn

The Nigerian equities market rebounded on Friday to close the week strong amid bullish buy and sell-offs session, with the capitalization rising by N29 billion at the end of the day’s trading Data from the Nigerian Exchange Group (NGX), the market’s supervisory institution, indicated that the All Share Index (ASI) gained +0.10% to close the […]

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

Naira Closes Week Weak, Trades N746/$1 At Parallel Market

Nigeria’s currency, the Naira, depreciated against the US dollar in its exchange rate on Friday to trade at an average of N746/$1 at the black market, representing a dip in value by 0.13% from N745/$1 that was recorded in the previous trading session. Some BDC traders at the Federal Capital Territory spoken with by our […]

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FEC Targets N647.7Bn From Power Plants’ Concession, Other Projects

The Federal Executive Council (FEC) has approved an Operation and Management concession for the 360 megawatts Gurara II Multipurpose Dam & Hydro Power Plant and the 40 megawatts Kashimbilla Hydro Power Plant under a Public-Private-Partnership (PPP) model with a projected revenue target of N647.7 billion from the deal. The approval by the FEC was sequel […]

Banking Budgeting E-Payment Tech & Solutions Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Revenue Technology Telecomms

NIGCOMSAT, NAPET Partner On Provision Of Satellite Services

The Nigerian Communications Satellite (NIGCOMSAT Ltd) has partnered the National Petroleum Telecommunications Limited (NAPET), a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL) to provide satellite services for monitoring sensitive equipment and services. The Managing Director of NIGCOMSAT, Engr. Tukur Lawal, who gave this hint when he led a high-powered delegation of the company […]

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

DMO Urges Nigerians To Invest In FGN Savings Bond, Others

The Debt Management Office (DMO) has renewed its call to Nigerians, especially retail investors in the country, to explore the opportunities availed by the FGN Savings Bond offerings and other securities for good returns on their investments. The Director-General of the DMO, Ms. Patience Oniha, who gave advice on Thursday in Port-Harcourt, Rivers State, during […]

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

Naira Weakens, Trades N745/$1 At Black Market

Nigeria’s currency, the Naira, sustained its losing streak in the parallel market on Thursday, to trade at an average of N745/$1, representing a 0.27% decrease in its exchange value of N743/$1  recorded in the previous day’s trading session. Information sourced from FX dealers in the Federal Capital Territory (FCT), indicated that the local currency’s sustained […]

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

Akabueze Raises Alarm Over Nigeria’s Surging Debt

The Director General, Budget Office of the Federation, Mr. Ben Akabueze has expressed some concern about Nigeria’s borrowing rate which is fast exceeding its borrowing limit Akabueze, who raised his concern about the surging public debt stock during the induction of newly-elected lawmakers of the 10th National Assembly at the International Conference Centre in Abuja, […]

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

FMDQ Exchange Approves Zedcrest Capital’s Maiden CP

The Board Listings and Markets Committee of the FMDQ Securities Exchange Limited (FMDQ Exchange) has approved the quotation of the Zedcrest Capital Limited N5 billion Series 1 Commercial Paper (CP) under its N15billion CP Issuance Programme. Zedcrest Capital, the Issuer, a subsidiary of Zedcrest Group, is a proprietary and capital management firm, investing in debt […]

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

Airtel Pays N58.7Bn For Spectrum Renewal

Airtel Africa, the parent company of Airtel Nigeria, has confirmed its payment of N58.7 billion to the Nigerian Communications Commission (NCC) for the renewal of the latter’s 2×10 MHz and 2100 MHz spectrum licences. The company disclosed this in a corporate filing with the Nigerian Exchange Limited (NGX) and that the payment was renewal fee […]

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MTN Nigeria Secures NCC’s Approval On Spectrum Leasing

The Nigerian Communications Commission (NCC) has granted approval for a spectrum lease transaction for a 2-year period, starting May 1st, 2023 between MTN Nigeria (MTNN) a leading Mobile Network Operator (MNO) and Natcom Development and Investment Limited (NTEL). Available information on the shared with journalists indicated that it would enable MTN Nigeria to lease two spectrums […]