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The NRS Chairman, Zacch Adedeji Rolls Out Economic Snapshot Comparing May 2023 Baseline to Mid-2026 Gains Across Key Indicators:Domestic refining capacity
May 2023: 30,000 bpd
Mid-2026: 700,000 bpd (Nigeria’s first net petrol
NIGERIA'S ECONOMY, MAY 2023 VS TODAY, IN 8 NUMBERSDr Zacch Adedeji presented this snapshot in an interview with Seun Okinbaloye on Channels TV. Here's the simple breakdown.Domestic refining capacity. May 2023: 30,000 barrels a day. Mid-2026: 700,000 barrels a day. Nigeria https://t.co/4t3fgohaTv
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The NRS Chairman, Zacch Adedeji Rolls Out Economic Snapshot Comparing May 2023 Baseline to Mid-2026 Gains Across Key Indicators:Domestic refining capacity
May 2023: 30,000 bpd
Mid-2026: 700,000 bpd (Nigeria’s first net petrol https://t.co/0DcmTLz9Lj
The Nigerian Senate is pursuing legislative reforms and cooperation with financial regulators aimed at strengthening the country’s financial system and supporting economic stability. The measures may be relevant to Nigerian financial-sector regulation and listed banking and financial-services companies, although no specific firms or reforms are identified.
Nigeria Revenue Service Chairman Zacch Adedeji said monthly revenue allocation increased from about ₦700 billion in 2023 to ₦4.5 trillion under President Bola Tinubu’s economic reforms. The statement highlights changes in government revenue distribution and the broader fiscal environment relevant to Nigerian equities.
The Federal Government says it reconstructed more than 10 bridges in each state and completed over 260 emergency road rehabilitation projects nationwide over the past three years. The Works Minister said the projects cost more than N250 billion, highlighting continued public infrastructure expenditure.
The Ogoni Youth Federation has urged unity and stronger legitimate institutions ahead of the planned resumption of oil production activities in Ogoniland. The development is relevant to Nigeria’s oil and gas sector, although the report does not identify a specific listed company, production volume, or financial implication.
Nigeria Revenue Service Chairman Zacch Adedeji said the fuel subsidy bill could have reached about N53 trillion and the naira could have weakened to N3,500 per dollar without the 2023 subsidy removal. The comments highlight fiscal and currency conditions relevant to Nigerian equity investors.
Moral of the story: sometimes the smartest trade isn’t picking the winning stock.It’s owning the exchange where all the winning happens. 😏Bullish on the house always winning? 👇#NGX #NGXGroup #NigerianStocks
Geregu Power Plc defaulted on its N40.09 billion Series 1 Senior Unsecured Bond, missing the eighth semi-annual coupon and scheduled fourth principal repayment, according to an updated FMDQ listing status. The report also highlights an 88% decline in earnings, raising concerns about the company’s financial position.
Donald Duke has called for an overhaul of Nigeria’s financial system, citing high interest rates, rising public debt and inefficient government spending as constraints on businesses and economic growth. The issues discussed are relevant to the macroeconomic environment influencing Nigerian Exchange equities.
Nigeria has been admitted as the newest national member committee of the World Energy Council ahead of its 2027 congress. The development places the country in a broader global energy governance forum, although the report does not identify specific NGX-listed companies or immediate corporate actions.
@maziNdu4Real It's those that failed to understand the difference between cryptocurrency and NGX.
Confirmed, this is Project BRIDGE.The same briefing included plans to deploy 3,700 telecom towers starting October, covering over 20 million Nigerians currently without reliable network access.The investable angle here isn't the fibre itself, it's what depends on it. https://t.co/XKFPCqTtlw
@m_taryme Mine long term out of these 5 is MTNN AND GTCO
The federal government is seeking greater private-sector capital and innovative financing to address Nigeria’s climate-adaptation needs. It said public funding is insufficient for the infrastructure, technology and resilience systems needed to protect the economy and communities from climate-related impacts, creating a potentially relevant macroeconomic consideration for listed companies.
Very good.We go start this week, nah to dey report NGX to you directly 😭😭 https://t.co/utHz4Jncvw
The Nigerian Exchange (NGX) is set to implement new trading thresholds that determine when a stock's quoted market price can change.Get the full breakdown and understand what these changes mean for your investments.Join the FTM Community for real-time market news, exclusive https://t.co/SDmyrsOSGN
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- The Chief Executive Officer of Nigerian Exchange Limited NGX, Temi Popoola, has called on President Bola Ahmed Tinubu to support policies that would require major companies operating in Nigeria, particularly high-growth fintech firms, to list on the domestic stock exchange.
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