Power generation falls to 3,390MW, seven plants idle

The nation’s power generation dropped to 3,390.7 megawatts on Monday as seven plants, including three built under the National Integrated Power Project, sat idle. Electricity generation has been hovering around 2,600MW and 3,800MW as of 6.00 am every day since the start of this month, according to data obtained by our correspondent. Click here for more.

Real estate expo to address housing finance challenges, others

The 2019 Nigeria Real Estate Summit and Expo is set to provide the platform for stakeholders to discuss and find lasting solutions to housing challenges in the country, the organisers have said. Click here for more.

Investors Lose N18.55bn As Market Opens The Week Negative; NSEASI Dips By -0.14%

Equities market closed yesterday on a negative note, as NSEASI depreciated by 0.14% to close at 29,809.20 points as against 0.29% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -5.16%. Click here for more.

FG inaugurates SEC board four years after dissolution

The Federal Government of Nigeria has inaugurated the board of the Securities and Exchange Commission four years after it was dissolved. The SEC board was dissolved on July 16, 2015, and the apex capital market regulator had been without a board until this week. Click here for more.

Federal High Court Adjourns SEC Vs Oando Case to July 22

A Federal High Court sitting in Lagos has adjourned till July 22, 2019, hearing of the substantive suit brought by two chief executive officers of Oando Plc, seeking enforcement of their rights. Click here for more.

CBN is set to recapitalise Nigerian banks again

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks. This disclosure was made by the CBN Governor earlier today at the CBN head office in Abuja during unveiling the apex bank’s new monetary policy roadmap for a 5-year tenure(2019-2024). Click here for more.

Nigeria Will Continue to Manage the Naira, Central Bank Says

Nigeria’s central bank said it will continue to manage the value of the naira, further dashing hopes that it will move away from a system of multiple exchange rates. “We will continue to operate a managed float exchange-rate regime in order to reduce the impact. Click here for more.

Nigeria External Reserves Stand At $45bn As At June – CBN

The CBN Governor, Mr Godwin Emefiele, disclosed this while reeling out the policy road map for his five years second term in Abuja on Monday. Emefiele said the bank put all necessary measure to ensure the steady growth of the country’s external reserves after the recession. Click here for more.

All Commodity Group Export Price Index Rose By 1.85%  In Q1 2019

The terms of trade (TOT) represents the ratio between a country’s export prices and its import prices. The ratio is calculated by dividing the price of the exports by the price of the imports, usually in percentage terms. Click here for more.

China, Africa Trade Hits $200bn In 2018

The volume of bilateral trade between China and Africa stood at $200 billion (USD) in 2018, the Chief Economist of China Development Bank, Liu Yong, said on Monday in Beijing. Trade between the two has been witnessing steady increase for the past 16 years. Click here for more.