Money Market Liquidity Drops to N5.8trn
The Nigerian money market maintained a steady posture mid-week as the banking system’s massive liquidity surplus experienced a marginal narrowing. Despite the contraction, the financial system remains significantly awash with cash, shielding interest rates from upward pressure even in...
NNPC Completes OB3 Pipeline Crossing River Niger
The Nigerian National Petroleum Company Limited (NNPC) has completed the long-anticipated River Niger crossing of the Obiafu-Obrikom-Oben gas pipeline, unlocking a key segment of the country’s gas transmission network and paving the way for increased supply to power...
Tinubu Reshuffles Power Sector, Names New Minister and Adviser
After months of blackouts, President Bola Tinubu has begun a fresh restructuring of Nigeria’s power sector with the nomination of a new minister of power and the appointment of a special adviser to head a presidential...
NGX Market Cap Jumps by N3.2trn Amid Bullish Trading
Investors gained N3.26tn at the close of trading on Thursday as the Nigerian equities market extended its bullish run, driven by sustained buying interest in large-cap and consumer-linked stocks.
Market capitalisation, which represents the total value of...
Airlines Record N150bn Loss in Two Months, Operations Strained
Airline Operators of Nigeria (AON) have raised alarm over losing N150bn within two months, even as ground handling companies threaten further action over about N9bn in outstanding debts.
A member of the Board of Trustees of the...
Tinubu Fires NMDPRA Chief Amid Jet Fuel Price Row
Four months after his appointment, President Bola Tinubu has sacked the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Saidu Mohammed.
Mohammed’s removal is coming at a time when members of the Airline...
