Gas Shortage, Others Cut Power Generation By 3,109.5MW

A total of 3,109.5 megawatts of electricity could not be generated on the country’s power grid on Wednesday as a result of gas, frequency and water management constraints in the sector, latest figures from the industry released on Thursday showed. Click here for more.

Again, Global Manufacturing Growth Down In Q1 2019

The slowdown in global manufacturing growth evident since the end of 2017 continued in the first quarter of 2019, a report by the United Nations Industrial Development Organisation (UNIDO), has said. It attributed the slowdown to emerging trade and tariff barriers involving the United States and China. Click here for more.

Fitch claims until 2028 before Nigeria exits damage caused by Buharinomics

A recent report released by Fitch Solutions on Nigeria’s country Risk for the third quarter of 2019 reveals Nigeria’s economy will struggle to return to the robust levels of economic growth, witnessed prior to the 2014 collapse in global oil prices, due to the economic policies of the Buhari led Government.. Click here for more.

Nigeria’s e-Commerce Value To Rise To N15trn In 10yrs

Nigeria’s e-commerce market value could rise to $50 billion (N15.45 trillion) over the next decade. Speaking, yesterday, in Abuja at the Public-Private Sector Dialogue on E-Commerce and Digital Economy, the President of Abuja Chamber of Commerce and Industry. Click here for more.

NSEASI Records -0.02% Marginal Loss As Market Sentiment Remains Negative

Equities market closed yesterday on a negative note, as NSEASI depreciated by 0.02% to close at 29,765.31 points as against 0.15% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -5.30%. Click here for more.

CBN forex intervention hits $42.3bn in one year

Between April 2018 and March this year, the Central Bank of Nigeria injected over $42.3bn into the foreign exchange market to ensure liquidity in that segment of the economy. Click here for more.

Mutual Funds Investment Hits N746.5bn

The value of mutual funds investment hit N746.5bn at the end of May 2019, data from the Securities and Exchange Commission revealed. Mutual funds are professionally-managed investment programmes that pool money from many investors to purchase securities. Click here for more.

Deloitte Issues Press Statement on OANDO Forensic Audit

Our attention has been drawn to a press statement issued by OANDO Plc on Tuesday, 18 June 2019. We believe that the press statement contains material contains material factual inaccuracies relating to our conduct of the forensic audit as commissioned by the Securities and Exchange Commission (SEC). Click here for more.

Embrace Digital Technology, Elumelu Tells Students, Young Professionals

The Chairman of United Bank for Africa (UBA) Plc and Heirs Holding, Mr. Tony Elumelu, has stressed the need for students and young professionals in the financial services sectors to update their knowledge and embrace modern technology. Click here for more.

Smart ways to advertise small business

Many small business owners may not have huge budgets to advertise their ventures in newspapers, on radio and television. This, however, should not stop small business owners from looking for affordable and smart ways to let their target clients know about their businesses and what they can offer to the public. So as a small business entrepreneur. Click here for more.

Ramaphosa Pledges Relentless Focus on South African Growth

South African President Cyril Ramaphosa unveiled a host of measures to get the struggling economy back on track, including the imminent sale of additional spectrum to mobile-network operators and increased spending on new water infrastructure, roads and student accommodation. Click here for more.

Egypt Bus-App Swvl Raises $42 Million for African Expansion

Swvl, an Egyptian app for booking buses, has raised $42 million as it looks to expand into other parts of Africa, including Nigeria. The two-year-old company, which started in Cairo and also operates in Alexandria and Nairobi in Kenya, got the money from venture-capital firm. Click here for more.