The All-Share Index lost 90bps following price declines in GUARANTY (-5.3%), ZENITH (-5.7%) and UBN (-9.3%) to close at 24,374.40 points. Consequently, market capitalisation declined ₦115.1bn to ₦12.7tn while YTD loss worsened to -9.2%. Activity...
Dare devil pirates attacked Addax oil production vessel off Nigeria and kidnapped nine Nigerian nationals, its owner BW Offshore said. The floating production, storage and offloading...
The Petroleum Products Pricing Regulatory Agency has announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit, also known as petrol....
Buying interest in BUACEMENT (+8.5%), WAPCO (+5.0%) and STERLING (+9.6%) pushed the benchmark index up by 47bps to close at 24,595.05 points. As a result, YTD loss eased to -8.4% while market capitalisation appreciated...
South African petrochemicals giant Sasol has said it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed...
By Omoh Gabriel Zenith Bank PLC has come top of Nigeria banks ranked by the Banker Magazine in its 2020 Top 1000 World Banks ranking. While...
President Muhammadu Buhari has given his commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano (AKK) gas pipeline project just as Nigerian National Petroleum Corporation (NNPC),...
Dr. Ngozi Okonjo-Iweala has said that she feels she has “strong support” from Africa and expects African leaders to unite behind one candidate as sources following...
Government debt burdens across sub-Saharan Africa are rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening the risk of further...
Department of Petroleum Resources DPR, has changed the way marginal oilfields are allocated to avoid legal problems that bedevilled a previous bidding round, the director of...
