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Friday, January 17, 2025

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Markets

Nigerian Stock Market Ends First Trading Week of the New Year Positive

The Nigerian stock market closed the first trading week of the year on a positive note. This is driven by gains in Bua Foods (+5.1%), MTN Nigeria (+3.1%), and WAPCO (+3.6%). As a result, the All-Share Index (ASI) advanced by 1.4% w/w to 103,586.33 points, with the Year-to-Date return settling at +0.6%. Trading activity was robust, as both trading...

Nigerian Stock Market Ends First Trading Week of the New Year Positive

The Nigerian stock market closed the first trading week of the year on a positive note. This is driven by gains in Bua Foods...

Nigerian Stock Market Ends Last Trading Session of the Year on Bearish Note

The Nigerian equities market concluded the final trading session of the year on a bearish note, as sell pressures on MTNN (-3.8%) caused the...

Nigerian Stock Market Starts the Week on a Bearish Note

The Nigerian stock market kicked off the week on a bearish note as profit-taking activities in WAPCO (-4.7%) led t a 0.1% decline in...

Nigerian Stock Market Ends First Trading Week of the New Year Positive

The Nigerian stock market closed the first trading week of the year on a positive note. This is driven by gains in Bua Foods (+5.1%), MTN Nigeria (+3.1%), and WAPCO (+3.6%). As a result, the All-Share Index (ASI) advanced by 1.4% w/w to 103,586.33 points, with the Year-to-Date return settling at +0.6%. Trading activity was robust, as both trading...

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Economy

Sustainability

Energy Consultant Advises NERC To Approve Electricity Tariffs at the Same Time

An Abuja-based energy consultant, Engineer Dikedinigbo Ejike, has advised the Nigeria Electricity Regulatory Commission (NERC) to review and approve the tariffs of all 12 electricity distribution companies (DisCos) simultaneously to continue to enjoy the confidence of all Nigerians as a transparent and impartial regulator. Engineer Ejike appealed today in Abuja while speaking to newsmen on the new tariff structure NERC...

Africa: A Booming Continent Needs a New Payment Infrastructure

Africa’s exploding population presents huge growth opportunities; A world-class digital payments ecosystem will be fundamental to that, write Moment CEO Joel Yarbrough and MultiChoice...

Afreximbank Participates in Bank of Industry Nigeria’s Syndicated Facility of EUR 2-billion

African Export-Import Bank (Afreximbank) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan facility for Bank of Industry...

African Development Bank to Make $30 million Equity Investment in Africa Finance Corporation to Catalyse Climate Action

The African Development Bank’s Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative...

Politics

Anambra State to Conduct Local Government Election in September

By Titus Chigozie After a hiatus of 10 years, Anambra State Independent Electoral Commission (ANSIEC) has said that it is set to conduct local government election in the state. A notice signed by the State Chief Electoral Officer, Genevieve Osakwe, revealed that the election will be held on September 28, 2024. The notice reads as follows; "Anambra State Independent Electoral Commission wishes...

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Perspective

Kyari, Refineries and a Green Ribbon

By KEN UGBECHIE Mele Kyari, a geologist and Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), has dug his way into the tunnel of history. Within a space of two months, he announced the successful revamp of two refineries. In November 2024, Port Harcourt refinery came on stream. The following month, December, Warri refinery burst back to life....

Kyari, Refineries and a Green Ribbon

By KEN UGBECHIE Mele Kyari, a geologist and Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), has dug his way into the tunnel...

Electrifying Rural Africa: The Role of Decentralized Power Generation

By NJ Ayuk Decentralized power generation — typically based on solar home systems and mini-grids — is the best bet to eradicate energy poverty among...

Setting the Record Straight: Meritocracy and Milestones at NNPC 

By Olufemi Soneye IT is important to address the concerns raised in Farooq Kperogi’s recent article, “Tinubu’s Buharisation of the NNPC”, and to clarify some...

Lifestyle

Showmax Original Drama Series Cheta M Returns Returns for Season 2 in January 2025

Showmax has released the trailer for the second season of its Nigerian Original epic drama series, Cheta M. The new season premieres on Monday, 6 January 2025 with three new episodes released every week. This epic tale follows the star-crossed love story of Adanna (Oluchi Amajuoyi) and Nnanna (Kingsley Nwachukwu), whose bond is tested amid the escalating conflict between the...

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Nigeria’s Economy to Expand by 3.5% in 2025 – World Bank

The World Bank has projected that Nigeria’s economy will grow by 3.5 per cent in 2025, and increase marginally by 0.2 per cent to reach 3.7 per cent in 2026. This forecast which is contained in the...

Nigeria’s Economy to Expand by 3.5% in 2025 – World Bank

The World Bank has projected that Nigeria’s economy will grow by 3.5 per cent in 2025, and increase marginally by 0.2 per cent to...

NIMC DG Bags Honourary Doctorate Degree

The Director General/Chief Executive Officer of NIMC, Engr Abisoye Coker-Odusote, has been conferred with an honourary doctorate degree by the African University of Science...

Energy Consultant Advises NERC To Approve Electricity Tariffs at the Same Time

An Abuja-based energy consultant, Engineer Dikedinigbo Ejike, has advised the Nigeria Electricity Regulatory Commission (NERC) to review and approve the tariffs of all 12...

Afentra CEO to Share Strategies for Unlocking Mature Field Potential at the Congo Energy & Investment Forum

Paul McDade, CEO of UK-based oil company, Afentra, has been confirmed as a speaker at the Congo Energy & Investment Forum (CEIF), taking place...

Kyari, Refineries and a Green Ribbon

By KEN UGBECHIE Mele Kyari, a geologist and Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), has dug his way into the tunnel...

Africa: A Booming Continent Needs a New Payment Infrastructure

Africa’s exploding population presents huge growth opportunities; A world-class digital payments ecosystem will be fundamental to that, write Moment CEO Joel Yarbrough and MultiChoice...

Electrifying Rural Africa: The Role of Decentralized Power Generation

By NJ Ayuk Decentralized power generation — typically based on solar home systems and mini-grids — is the best bet to eradicate energy poverty among...

Nigerian Stock Market Ends First Trading Week of the New Year Positive

The Nigerian stock market closed the first trading week of the year on a positive note. This is driven by gains in Bua Foods...

Nigeria’s Economy to Expand by 3.5% in 2025 – World Bank

The World Bank has projected that Nigeria’s economy will grow by 3.5 per cent in 2025, and increase marginally by 0.2 per cent to reach 3.7 per cent in 2026. This forecast which is contained in the World Bank’s...