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08

Aug
Market Update

Market rebounds with 0.28% growth, gains N81bn

The Nigerian stock market on Friday halted two days of losses as the All Share Index appreciated by 0.28% to close at 50,722.33 points from the previous close of 50,582.30 points.   The Market Capitalisation appreciated by 0.30% to close at N27.358 trillion from the previous close of N27.277 trillion, […]

05

Aug
Business & Economy

FG gets $1.5bn loan for solar projects

The Federal Government of Nigeria has secured a $1.5 billion loan facility from the US-EXIM Bank to deliver solar power infrastructure in 10 different locations nationwide. According to the Chief Executive Officer, SUN Africa LLC, USA, Adam Cortese, the government-to-government loan facility would cover a concession period of 20 years.[…]

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