Electricity update: Nigeria’s power generation falls to 84.4GWh as poor supply persists
Nigeria's electricity generation dropped on Thursday to 84.43GWh, which is 5.2% lower than the 89.06GWh generated in the previous day.
Naira falls big at black market as FX supply records significant decline at I&E window
The exchange rate between the naira and the US dollar closed at N420.33/$1 at the official Investors and Exporters (I&E)...
Electricity update: Energy supply in Nigeria rises to 87,785MWh
Nigeria's electricity supply rose by 6.5% on Wednesday to 87,785.56MWh compared to 82,402.24MWh recorded in the previous day...
Naira depreciates at I&E window despite significant improvement in FX supply
The exchange rate between the naira and the US dollar closed at N419.25/$1 at the official I&E window, representing a...
Despite hyperinflation, Nigerian companies record higher revenues and margins in Q1 2022
Nigeria's largest companies earned a whopping sum of N2.33 trillion as revenue in the first quarter of 2022, outpacing their...
Electricity update: Nigeria’s power generation rises to 83.45GWh
Nigeria recorded a total energy generation of 83.446GWh on Tuesday, 18th May 2022, which is 0.8% higher than the 82.744GWh...
Naira gains as Nigeria’s foreign reserve plunges below $39 billion
The exchange rate between the naira and the US dollar closed at N418.5/$1 at the official Investors and Exporters (I&E)...
Nigeria’s Eurobond Yield rises to 10.6%
It will cost a lot more for Nigeria to borrow in dollars if this persist.
Energy crisis pushes Nigeria’s core inflation rate to a 5-year high
Core inflation quickened by 0.26% in April 2022 due to significant increases in the prices of gas, liquid fuel, clothing...
Electricity update: Nigeria’s peak generation falls to a 1-month low of 3,599MW
Nigeria's energy generation peaked at 3,599 megawatts (MW) on Monday, which is 2.6% lower than the 3,694.2MW recorded on Sunday...
