March 2021

DisCos record N273.42bn shortfall in 2020

A total of 11 Electricity Distribution Companies (DisCos) across country have recorded a shortfall of N273.42 billion in 2020. These companies received a total of N542.73 billion out of N816. 15 billion they billed their consumers. This is an increase…

Investors, exporters trade $78.88m FX in 2 days

By Kayode Tokede Investors & Exporters traded a total foreign exchange of $78.77million in two days, according to the FMDQ Exchange. According to FMDQ, a $30.84million and $47.93million was traded on Monday and Tuesday respectively. However, the Naira gained by…

Tech, software coys partner to boost e-commerce

Centric Gateway, a tech solutions provider, has partnered Wix, a software company, to boost e-commerce in Africa. Mr Omoniyi Kolade, Chief Executive Officer, Centric Gateway, said in a statement on Tuesday in Lagos, that through the partnership, SeerBit, a product…