Nigerian stock market is defying economic realities, untouched by economic headwinds
The Nigerian stock market has so far defiled economic realities as it continues to remain in the green zone, amidst heavy economic headwinds, Oluwatosin Ogunjuyigbe of Ventures Africa.
Heirs Energies: charging Nigeria’s with domestic gas supply ..Sole gas supplier to Geometric Power Plant
Heirs Energies, Africa’s leading integrated energy company, has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.
Nigeria’s sugar unaffected as global price falls 5.24%, local by 102.38%
The global sugar price has dropped by 5.24 per cent Year-to-Date (YtD) to $20.62/pound, aligning with the Economic Intelligence Unit (EIU)’s forecast of a 9.82 per cent decrease to $21.13/pound in 2024 from $23.43/pound in 2023. This is as sugar price in Nigeria rose by over 100 per cent during the same period, said Bismarck Rewane, Chief Executive Officer (CEO) of Financial Derivatives Company (FDC) Limited.
IMF, Fitch Ratings applaud MPC hawkish rate decision, says Tinubu inherited bad economy
International Monetary Fund (IMF) and the Fitch Ratings have unanimously applauded the Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) for it’s hawkish decision in hiking benchmark rate by 400 basis points.
N26bn suspicious flows: Binance traders are traceable – Blockchain Association President
“If you use a centralised exchange like Binance, it is finished because you cannot be on those platform without your identity bei g known,” said Obinna Iw
A trained crypto investigator Obinna Iwuno says traders on cryptocurrency trading website Binance are not anonymous as they can be traced.
IMF wants Nigeria to immediately address growing food insecurity
The Federal Government must urgently address growing food insecurity, with almost one in 10 people facing hunger, the International Monetary Fund (IMF) said.
Binance to cease all Nigerian naira transactions by March 8
Binance yesterday officially announced on that the platform will suspend naira withdrawals after March 8.
CBN’ reveals plans to settle N1.64 trillion TBs in the second quarter
The Central Bank of Nigeria (CBN) has announced its strategic approach to managing liquidity and meeting financial obligations by unveiling a comprehensive plan to settle Treasury Bills (TBs) worth N1.64 trillion during the second quarter of 2024.
Seplat says gas is Nigeria’s logical transition fuel … Wins Gas Infrastructure Project of the Year award
Making a case for gas development in Nigeria, Seplat Energy has said gas development is a clear solution to Nigeria’s immediate problems and remains a longer-term transition fuel.
The Director, New Energy at Seplat Energy, Effiong Okon, said this whilst delivering Keynote during the Gas Stakeholders Conversation panel session at the 2024 Nigeria International Energy Summit (NIES) held in Abuja.
Transcorp group lists subsidiary, Transcorp Power on Nigerian Exchange
Transnational Corporation Plc (Transcorp Group) wishes to announce the listing of its subsidiary, Transcorp Power Plc (Transcorp Power or TP Plc) via listing by introduction on the Main Board of the Nigerian Exchange (NGX), on Monday, March 4, 2024.