Nigerian Equities Market Loses N2.39trn in July’s Opening Session
The Nigerian equities market resumed its bearish trend to open trading activities for the month of July, as sustained selling pressure weighed on investor sentiment.
The All-Share Index lost 3,729.11 points, representing a decline of 1.63 per...
NNPC Revenue Drops by N636bn Despite Stable Oil Output
The Nigerian National Petroleum Company Limited (NNPCL) recorded a decline in its financial performance in May 2026, with revenue dropping by nearly 13 per cent to N4.335tn despite maintaining stable crude oil and natural gas production.
The...
Crude Oil Falls Below $72 as Petrol Remains Above N1,000
Crude oil prices dropped to $71.21 on Wednesday even as the Nigerian National Petroleum Company Limited (NNPCL) and other fuel marketers retained petrol prices above N1,000 per litre.
According to Oilprice.com, Brent crude fell further to...
CBN Releases New Guidance on Contract Suspensions for Troubled Banks
The Central Bank of Nigeria (CBN) has issued interpretative guidance clarifying the practical application of Sections 34(2)(b) and 40(2) of the Banks and Other Financial Institutions Act, 2020, setting a maximum period of two business...
7,942 Permits, 49 Licences Approved in Nigeria’s Oil Sector in Q1 – Report
Nigeria issued 7,942 oil and gas industry service permits and 49 upstream monitoring licences in the first quarter of 2026, reflecting sustained activity in the country’s upstream petroleum sector despite a moderation...
