Equities Market The Nigerian Equity Bourse inched higher further from previous day upswing, as NSE ASI and Market capitalization both inched higher by 0.66% to 27,002.15 Index Points and N13.033Billion respectively. Year-to-Date ASI is at a Negative of 14.09%. Value and No. of trades both increased by 112.73% and 3.01% to N3.659Billion and 3,246 No.…
Us-China trade war is one of the main drivers of the China’s Economy Slow down which is leading to increasing default by Chinese companies in 2020. Moody’s credit rating agency expects 40-50 new defaults in 2020, compared with 35 in 2019 and total value of defaults in 2020 to be below 200 billion yuan ($28…
According to Wartsila’s Managing Director i.e. Wale Yusuff , Nigeria would see a rise in demand for renewable energy by 2030 creating a landscape for power plants to operate which means the federal government needs to formulate the right policies and business environment to attract both local and foreign investments to bridge its energy needs.…
Transmission Company of Nigeria (TCN) said African Development Bank (AfDB) has approved $210m (N64.26bn at the official exchange rate of N306 to $1) for power projects across Nigeria. The transmission company said the fund would be used for rehabilitating and expanding parts of the transmission grid in the North-West, South-South and the South-East. punch
