Wednesday, June 24, 2026
Power minister data show only 65.7% of electricity generated in Nigeria gets distributed
Although the Nigerian power sector has witnessed increased generation in recent times, the actual power distributed to homes and businesses...
Read moreDetailsBanks back Dangote’s cash, shares bid for South Africa’s PPC
Dangote Cement Plc, has firmly put forward its takeover bid of PPC as it has written to the cement maker...
Read moreDetailsOil traders empty key crude storage hub amid OPEC production cuts
Oil traders are emptying one of the world’s largest crude storage facilities, located near the southernmost tip of Africa, as...
Read moreDetailsBig-ticket borrowers of over N1bn choke out SMEs, account for 81% of Nigerian banks’ loan portfolio
The Nigerian money market remains characterized by excessive concentration of credit per obligors and per sectors, as big ticket borrowers...
Read moreDetailsDangote Cement lifts Nigeria’s equities index 1.0% after three days of consecutive losses
The Nigerian equities market rebounded Wednesday after three days of consecutive losses as uptick in Dangote Cement (DANGCEM) helped push...
Read moreDetailsNigeria to beef up daily oil production by 200,000b in 2018 from Egina project as NNPC accelerates local capacity devt
Nigeria’s Egina oil project would add about 200,000 barrels of oil to the nation’s daily crude production when completed in...
Read moreDetailsAppetite for new risk assets wanes in Nigerian banks as govt. securities offer window for easy interest income
The relative high yields on government securities have created an environment for Nigerian banks to grow net interest income (NII)...
Read moreDetailsNigeria’s central bank is acting as ‘piggy bank’ to gov’t, says MPC member
Nigeria’s central bank is acting like a “piggy bank” with its funding of the government, a member of the Monetary...
Read moreDetailsIraq sees no need for further OPEC output cuts, will support consensus if such need arises
Iraq doesn’t see a need for more collaborative oil production cuts currently, but it would support consensus within OPEC if...
Read moreDetailsSustained profit taking in large caps pares Nigeria’s stocks index 0.08% as bears rule, three days in a row
The Nigerian bourse's benchmark index maintained its negative momentum at the end of Tuesday’s session, shedding 8 basis points (bps)...
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