AMEA Power signing ceremony in the presence of HE Mostafa Madbouly, Prime Minister of Egypt, along with representatives of project partners and financial lenders. (Photo: AETOSWire) November 30, 2022/Aetoswire The 500-megawatt PV plant will be developed, owned and operated by AMEA Power The 500-megawatt wind farm will be the largest […]
Updates
Q3 2022 GDP Report: Nigerian’s Shrinking Portion Sizes
November 30, 2022/United Capital Research According to the Q3-2022 GDP report released by the National Bureau of Statistics (NBS), the agricultural sector grew by 1.3% y/y in the period, 14bps more than in Q2-2022, up from the 1.2% y/y growth recorded in Q3-2021. This growth was as a consequence of […]
A Modest Rise in FAAC Disbursements in November 2022
November 30, 2022/FBNQuest According to the most recent report on the federation’s revenue distribution, the Federation Account Allocation Committee’s (FAAC) gross monthly allocations to the three tiers of government amounted to NGN737bn (USD1.7bn) in November (from October revenue). This represents an increase of c.NGN37bn or +5% from the previous month’s […]
