September 22, 2023/Fitch Ratings China’s new rules for a nationwide power spot market are likely to promote renewable power consumption, as they allow discovery of electricity prices in real time, says Fitch Ratings. This will also help to balance power supply and demand during peak hours. The new rules establish […]
OPINION/EDITORIAL
Muted Growth in Broadband Penetration; Flat at 89.7m in July 2023
September 22, 2023/FBNQuest Research According to the latest data on broadband connections provided by the Nigerian Communication Commission (NCC), Nigeria’s broadband internet subscription was flat m/m at 89.7 million in Jul ’23, indicating a broadband penetration rate of 47.0%. However, on a y/y basis, it shows a modest growth of […]
Nigeria’s Public Debt Rises to N87.38Tn in Q2 2023
September 22, 2023/CSL Research Based on the recent data released by the Debt Management Office (DMO), Nigeria’s total debt stock for the period ending June 30th, 2023, rose to N87.38 trillion (US$113.42 billion), an increase of 75.29% from N49.85 trillion (US$108.30 billion) recorded at the end of March 2023. The […]
