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Electricity generation capacity increased by 16.04% in Q3 2024 …
2 days ago · The average electricity generation capacity in Nigeria witnessed a significant improvement in the third quarter of 2024, as reported in the latest data by the Nigeria Electricity Regulatory Commission (NERC) in its Q3 2024 report released on Friday. According to the report, the average available generation capacity across grid-connected power plants rose by an impressive 16.04%, translating to ...
US Dollar Index hits 2-Year high as other G5 currencies decline; …
5 days ago · The US Dollar index hit a fresh high, closing above 107.74 points as of the market ending on the 18th of December 2024, attaining its strongest level in two years. This follows the Fed’s decision to lower its benchmark policy rate by 25 basis points to the range of 4.50%, with indications of two ...
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Tinubu targets N34.8 trillion naira revenue in 2025
6 days ago · The President presented a total budget of N47.9 trillion ($31 billion) for the 2025 fiscal year. According to the President, the budget titled, ‘Budget of Restoration: Securing Peace, Rebuilding Prosperity’, aims to “restore macroeconomic stability, enhance the business environment, foster inclusive growth, employment, and poverty reduction.”
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Decoding Nigeria’s 2025 Budget: What the numbers reveal!
5 days ago · Nigeria’s proposed 2025 budget is out, and it’s raising big questions. With ambitious revenue targets, massive infrastructure allocations, and rising debt servicing costs, what do the numbers mean for your taxes, cost of living, and public services? In this episode of Money Brief with Ugodre, we ...
Naira shows mixed performance; depreciates to N1730 in parallel …
Oct 26, 2024 · What to expect With the naira recently breaching the N1,700/$1 mark, there is potential for a short-term recovery. Global oil prices have now stabilized between $79 and $81 per barrel, and the Central Bank of Nigeria’s (CBN) consistent interventions may help ease some inflationary pressures, fostering a more positive outlook for the naira.
NAIRAMETRICS| COMPANY EARNINGS – Investor Relation …
A Federal High Court sitting in Lagos has issued a Mareva Injunction that temporarily restrains the co-founder of Seplat Energy Plc, Dr Ambrose Bryant Chukwuemeka Orjiako, popularly known as ABC Orjiako, and other firms linked to him, from accessing the …