Electricity Report by the National Bureau of Statistics: Q2 2024
A recent publication by the National Bureau of Statistics revealed the following key insights on electricity distribution in Nigeria: Revenue Collection: Electricity Supply: Customer Numbers: Metered Customers: Estimated Customers:
Nigerian Bourse advances by 0.09% WtD, investors gain N49bn
The Nigerian stock market closed on a positive note, driven by growth in the share prices of 29 stocks. The All Share Index grew by 0.09% to settle at 97,606.63 points from 97,520.54 points recorded the previous week. Investors gained N49 billion as Market capitalization closed at N56.088 trillion, up[…]
Ecobank announces pricing of $400m 10.125% Notes
Ecobank Transnational Incorporated (ETI) has announced the successful pricing of its $400 million 10.125% notes due on 15 October 2029. Interest on these notes will be payable semi-annually in arrears on 15 April and 15 October each year, commencing on 15 April 2025. The net proceeds from the issuance of[…]
Nigerian Breweries Plc Extends Rights Issue Acceptance Period
Nigerian Breweries Plc has notified shareholders and the Nigerian Exchange Limited that the Acceptance Period for its Rights Issue, which opened on 2nd September 2024 and was initially scheduled to close on 11th October 2024, has been extended to 18th October 2024, following the approval of the Securities and Exchange[…]