May 2024

The need for increased investment in Energy sector

The Energy Commission of Nigeria (ECN) has taken a significant step towards achieving energy transition, efficiency, and reliability in the country with the unveiling of two strategic documents – the National Energy Plan (NEP) and National Energy Master Plan (NEMP).…

Naira trades to dollar at 1,515/$ in parallel market

Naira trades to dollar at 1,515/$ in parallel marketThe naira on Monday extended depreciation against the dollar falling to 1,515 on the parallel market, popularly called black market. This represents 2.97 percent (N45/$1) depreciation against the US dollar when compared…