December 12, 2019
  • December 12, 2019

Nigeria Equity Market Experiences A Turn Around In November ~United Capital

by on December 3, 2019 0

In November, the domestic equity market halted its long-standing monthly bearish trend as the benchmark index, Nigerian Stock Exchange All-Share Index (NSE-ASI) was up 2.4 percent month-on-month to settle at 27,002.2 points while the year to date return improved to -14.1 percent compared wot -16.1 percent in October. Notably, the market traded up on...

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Dutch Firm, Lumos Global To Provide Solar Electricity To 1 M Nigerians By 2025

by on December 2, 2019 0

Lumos Global BV, a Dutch company specialising in off-grid solar power, plans to provide electricity for over a million Nigerian households by 2025, deploying about $75 million from the Nigeria government. The Dutch company is expanding its operations in Africa’s most populous country of more than 200 million where only 60 percent have access...

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Dangote Refinery Takes Delivery Of World’s Largest Crude Distillation Equipment

by on December 2, 2019 0

Dangote Refinery, majorly owned by Africa’s richest man, Aliko Dangote on Sunday took delivery of the world’s largest crude distillation equipment, a major component of the company 650,000 barrels per day capacity plant. In a tweet by the group @DangoteGroup says “World’s largest single train crude distillation column berths at Dangote Oil Refinery.” “This...

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IMF Sees Nigeria Inflation Rate Rise Over Excess Liquidity, Negative Real Yields On Debt

by on November 29, 2019 0

Nigeria may see inflationary pressures rising from excess liquidity in the banking system due to negative real yield on short-term government debts, the International Monetary Fund (IMF) said. Yields on Nigeria’s one-year Treasury bills is at lowest since January 2016, while interest on three-month debt dropped to 6.5 percent as local funds pile into...

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