29

Aug

Nigeria’s GDP grew by 3.54% in Q2 2022

Recent report published by the National Bureau of Statistics revealed that Nigeria Gross Domestic Product (GDP) grew by 3.54% year on year in real terms in the second quarter of 2022. This growth rate declined from 5.01% in the second quarter of 2021 when rapid growth was recorded following the toll the COVID-19 pandemic exacted on the […]

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29

Aug

Stock market advances by 0.04%

The Nigerian stock market on Friday closed higher as the All Share Index advanced by 0.04% to settle at 49,682.15 points from the previous close of 49,661.87 points. The Market Capitalisation was up by 0.04% to close at N26.797 trillion from the previous close of N26.786 trillion, thereby gaining N11 billion. An aggregate of 193.5 million units[…]

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26

Aug

FG inaugurates NELMCO to resolve tariff shortfalls in power sector

The Federal Government of Nigeria in a bid to resolve tariff shortfalls in power sector has constituted the board of the Nigeria Electricity Liability Management Company (NELMCO). According to the Vice President Yemi Osinbajo, the newly constituted board of the Nigeria Electricity Liability Management Company would enhance ongoing efforts to resolve the liabilities relating to tariff shortfalls[…]

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