The International Monetary Fund (IMF) has issued a warning over the increasing risks associated with cryptocurrency use in emerging markets, placing Nigeria at the center of global concern. With the global cryptocurrency market surging by 1,511% to $3.4 trillion between 2020 and 2024, Nigeria has become one of the top three countries for crypto adoption, …
The Nigerian Stock Exchange, operating under the Nigerian Exchange Group (NGX) Limited, achieved a historic milestone as investors gained an unprecedented N1.806 trillion in a single day. This remarkable surge reflects renewed investor confidence in Nigeria’s equities market, driven by improved liquidity conditions and the positive sentiment surrounding ongoing economic reforms. The market’s performance was …
Nigerian Stock Market Records Historic N1.8 Trillion Gain in Landmark Rally Read More »
The naira/US dollar exchange rate fell by 0.69% on Thursday morning, September 29, 2022, to trade at N730/$1 in the parallel market, down from N725/$1 on Wednesday.According to information obtained from black market traders, this is the case.Similarly, the official Investors and Exporters window recorded a 0.01% depreciation to close at N436.37/$1 on Wednesday, September 28th 2022, from N436.33/$1 the previous session.Meanwhile, on Wednesday, September 28th, 2022, a total of $119.49 million was traded on the official market, a 20.17% increased from $99.43 million traded on Tuesday.
The official unveiling took place on July 19, 2022, at the presidential banquet hall in Abuja .The company’s operations will now be regulated by the Companies and Allied Matters Act (CAMA). The legal transition, based on the new Petroleum Industry Act (PIA), took effect July 1. The NNPC Limited was then floated with an initial …
On Monday, May 23rd, 2022, Nigeria generated a total of 89,648.54MWh, a 5.2% increase over the 85,209.68MWh generated the day before. On Monday, power supply jumped by 5.2% to 88,390.76MWh, up from 84,045.52MWh the day before. This is According to the Nigerian Transmission Company (TCN).Despite the little increase, Nigeria’s energy generation remains below the 105 kMWh threshold required for the country’s power supply to be stable. Nigerians, in particular, continue to suffer from epileptic power supply, with three system outages thus far in 2022, resulting in extensive blackouts across the country. Additionally, Nigeria’s energy generation peaked at 3,943.2MW, which is 5.1% higher than the 3,751.1MW peak recorded on Sunday, while off-peak generation rose to 3,424.8MW. Highlights (23rd May 2022) Peak generation – 3,953.2MW (+5.1%) Off-peak generation – 3,424.8MW (+1.9%) Energy generated – 89,648.54MWh (+5.2%) Energy sent out – 88,390.76MWh …
In an attempt to absorb excess liquidity ahead of the 2023 general elections, The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 13.5% The Monetary Policy Committee (MPC) of the apex bank of Nigeria concluded its three-day meeting on Tuesday, May 24, 2022. At the end of the meeting, the …
For the first time since 2014, Brent oil prices has moved past $100 a barrel, as Russia-Ukraine crises continue to escalate. These tensions subsequently sparked fears of disruption to the region’s critical energy exports. Russia is a major energy supplier to a number of countries, distributing about ¼ of Europe’s oil requirements and 1/3 of …
OIL PRICES CROSSES A $100 PER BARREL FOR THE FIRST TIME IN 7 YEARS Read More »
The federal government of Nigeria is pushing up the disbursement of the N140 billion solar intervention fund, this is being facilitated by the Central Bank of Nigeria (CBN) to close the wide gap in the energy sector, especially in Nigeria’s rural communities. During the last quarter of 2020, the CBN had presented the fund that …
Federal govt push-Up Disbursement of CBN’s N140bn Solar Intervention Fund Read More »
The Chairman, House of Representatives Committee on Capital Market and Institutions, Babangida Ibrahim (APC, Katsina) has disclosed that the proposed Bill to make the Securities and Exchange Commission (SEC) the sole Nigerian Capital Market regulator was to eliminate unethical practices and overlapping responsibilities. He disclosed this while shedding more light on what the bill seeks …
SEC Should be the only Capital Markets Regulator – Reps Read More »
Capital Market Operators (CMOs) in Nigeria have been warned not to interact with clients linked to outlawed terrorist groups in any area of the country, according to the Nigerian Security and Exchange Commission. After Nigeria’s Justice Ministry published a gazette classifying bandit organizations operating in any region of the country as terrorists, the SEC issued a circular. They also stated that beginning January 17th, existing CMOs would be examined prior to finalizing any transaction. The SEC warned that “Capital Market Operators (CMOs) are hereby notified that in line with the requirements of the Terrorism Prevention Act (No. 10,2011) and Terrorism (Prevention) Prescription Order Motion, 2021, the Federal Government of Nigeria has declared the activities of “YAN BINDIGA GROUP”, YAN TA’ADDA GROUP AND OTHER SIMILAR Groups in any …
Plot 3 Peter Obang Close, Off O. P. Fingesi Street, Utako District, Abuja
15 Oladimeji Alo Street, Lekki Phase 1 – Lagos
Deutsche Partners Holding (DPH) is an independently-owned financial services Group with core competence and specialty in Asset Management, Investment Banking, Private Equity, Securities, and Trustees.
