6
Oct
October 6, 2022
| Geregu Makes History, Becomes First Power Company to List on Stock Exchange – Thisday |
| Geregu Power Plc (GPP) was yesterday admitted into the Main board of the Nigerian Exchange Limited (NGX) by way of listing by Introduction (LBI) with the admittance of 2.5 billion ordinary shares of 50 kobo each at N100 per share on the Exchange. Geregu Power, a leading power generation company (Genco) in Nigeria, is the first Genco to be listed on the NGX Main Board, a listing segment for well-established companies with demonstrable records of accomplishments. The listing of Geregu’s shares has added N250,000,000,000 billion to the market capitalisation of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation…………Read More |
| CBN grants Xpress Payments mobile money licenceCb – Punch |
| A subsidiary of Xpress Holdings Limited, Xpress Payments, has been granted a mobile money operator licence by the Central Bank of Nigeria. According to a statement, the licence allows XpressMTS to instantly commence operations as a mobile money operator in Nigeria, to extend to customers in the segment the unmatched services Xpress Payments has built its hard-won reputation on………...Read More |
| Bitcoin defies macro environment to surge above $20,000 – Nairametrics |
| Flagship cryptocurrency asset, Bitcoin, seems to be defying all known laws of gravity as it rallies back above the $20,000 trading zone, effectively turning resistance to support. This has gotten cryptocurrency enthusiasts excited about the month of October, usually termed, “Uptober,” because the asset and the market have historically performed positively during the month …………Read More |
| Stakeholders Highlight Priority Areas that Will Disrupt, Deliver Economic Growth for Nigeria – Punch |
| Considering the fact that the playbook that drives economic growth and prosperity globally is undergoing some material disruption, where drivers of global economies are fast shifting from oil and gas to agriculture and technology innovation, stakeholders in the technology sector have highlighted priority areas that will disrupt and also deliver key economic growth for Nigeria. ………….Read More |
| Senate approves daily crude production of 1.69 million for 2023, passes Medium Term Expenditure Framework (MTEF – Nairametrics |
| The Nigerian Senate has approved the 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). They also approved crude oil production of 1.69 million barrels per day (bpd) for 2023. This comes as President Muhammadu Buhari is expected to present Nigeria’s 2023 budget on Friday, as finance minister, Zainab Ahmed says the federal government’s 2023 budget proposal is N19.76 trillion, with a deficit of N11.3 trillion………..…..Read More |