Gov. Nasir El-Rufai of Kaduna State has inaugurated Blue Camel Renewable Solar Power Assembly Plant and Renewable Energy Training Academy in Kaduna. The governor said at the launch in Kaduna that the plant was important to the Kaduna State Government “because we believe that renewable energy and solar energy were the future of the developing […]
….Donates PowerPlayBoard Game to Halls of Residence Ikeja Electric Plc, Nigeria’s largest electricity distribution company, has taken its safety campaign to tertiary Institutions. In a move designed to promote tenets of electrical safety in Campus Communities across Lagos State, Ikeja Electric recently paid a visit to two frontline Institutions in Lagos; The University of Lagos […]
Kenya’s shilling and the Zambian kwacha are expected to firm on the back of increased demand for local currency, while the Nigerian naira and Ghana’s cedi are set to hold steady. NIGERIA The naira is likely to remain stable, a day after the central bank maintained its tight policy on interest rates to support currency, […]
–Headline PMI accelerates to 58.8 in March, from 56.0 -Inflows of new orders grow at record pace -Unprecedented job creation as firms looks to increase output capacity Private sector business conditions in Nigeria improved at an unparalleled rate in March, led by record growth in new orders, employment and stocks of purchases. Panel respondents frequently […]
Equities market closed today on a negative note, as NSEASI depreciated by -0.26% to close at 40,749.86 basis points as against -1.56% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +6.55%. Market breadth closed negative as LASACO led 18 Gainers as against 26 Losers topped by DANGFLOUR at the end of today’s session- […]
-Nigeria to investigate Cambridge Analytica involvement in elections – In Kenya, which has a large and fast growing population of internet users, there are no specific laws or regulations to protect the privacy of those individuals. Kenya is not alone in Africa, which as a region has clocked the world’s fastest growth in internet use […]
In retaliation to the US’ plan to impose a 25% tariff worth USD50 billion on about 1,300 Chinese products, China announced the same tariff on a list of 106 US goods, including aircraft, cars, soybeans, chemical products and orange juice. The Office of the US Trade Representative or USTR said the latest trade measure is […]
Debts are piling up in the Nigerian Electricity Supply Industry as only four of the country’s 11 distribution companies, Discos, paid for supplies of power they received for transmission to their customers from the generation companies, GENCOs in January 2018. Information available to this website indicated that the highest percentage of revenue paid by the […]
OPEC oil output fell in March to an 11-month low due to declining Angolan exports, Libyan outages and a further slide in Venezuelan output, a Reuters survey found, sending compliance with a supply-cutting deal to another record. The Organization of the Petroleum Exporting Countries pumped 32.19 million barrels per day last month, the survey found, […]
Nigeria’s central bank kept its main interest rate at 14 percent on Wednesday, its governor Godwin Emefiele said, after the first policy-setting meeting of the year. Most analysts polled by Reuters had expected rates to be kept on hold with cuts seen later this year. The central bank cancelled its January meeting due to an […]