1. Funding challenges slow FG gas transition plans
Ever since assuming office, President Tinubu has been clear about his desire to shift the country’s reliance away from fossil fuels and towards cleaner energy sources. Nigeria has long been heavily dependent on petrol, and little has been done to explore alternative energy options…Read more
SOURCE: https://punchng.com/funding-challenges-slow-fg-gas-transition-plans/?amp
2. Hope rises on 2024 budget as Bonny Light price hits $79 per barrel
THERE was hope that Nigeria’s 2024 budget will be successfully implemented as the price of Bonny Light rose to $79.08 per barrel, weekend, from $76 per barrel in the global market…Read more
3. $20bn Dangote Refinery to boost Nigeria’s foreign exchange generation, conservation — Experts
AS the $20 billion Dangote Refinery begins operations, experts have stated that it will culminate in the boosting of Nigeria’s foreign exchange generation and conservation…Read more
4. Naira depreciates to N1,265/$ in parallel market
The naira yesterday fell to N1,265 per dollar in the parallel market from N1,260 per dollar last week Friday.
However, the naira depreciated to N838.95 per dollar in the Nigerian Foreign Exchange Market (NAFEM)… Read more
SOURCE: https://www.vanguardngr.com/2024/01/naira-depreciates-to-n1265-in-parallel-market/amp/
5. Consolidated Hallmark Insurance becomes holdco, announces new executives
Following approval by the National Insurance Commission, NAICOM, Consolidated Hallmark Insurance Plc, CHI, has taken the structure of a holding company and is now known as Consolidated Hallmark Holdings Plc…Read more
6. Transcorp Hotels crosses N1tn capitalisation
Hospitality business, Transcorp Hotels Plc, has joined the elite club of companies worth N1tn in market capitalisation on the Nigerian Exchange Limited… Read more
SOURCE: https://punchng.com/transcorp-hotels-crosses-n1tn-capitalisation/?amp
7. Harnessing investment opportunities during capital market rally
The excitement in the voice of economic and financial analyst, Rotimi Fakayejo, as he spoke about the records that the Nigerian Exchange Limited had hit and broken in the space of days in December was glaring… Read more
SOURCE: https://punchng.com/harnessing-investment-opportunities-during-capital-market-rally/?amp
8. Access Holdings gets approval to buy insurance firm
Access Holdings Plc has acquired an insurance brokerage company, Megatech Insurance Brokers Ltd…Read more
SOURCE: https://punchng.com/access-holdings-gets-approval-to-buy-insurance-firm/?amp
9. OPS blames struggling naira for highest inflation in 21 years
Nigeria’s inflation rose to a 21-year high of 28.92 per cent in December 2023, new data from the National Bureau of Statistics has shown…Read more
SOURCE: https://punchng.com/ops-blames-struggling-naira-for-highest-inflation-in-21-years/?amp
10. LivingTrust Mortgage Bank repays N950m loan to DBN
LivingTrust Mortgage Bank Plc has fully repaid an N950m MSMEs grant to the Development Bank of Nigeria two months ahead of the due date…Read more
SOURCE: https://punchng.com/livingtrust-mortgage-bank-repays-n950m-loan-to-dbn/?amp
