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Wednesday, November 25, 2020

Stock Market Extends Decline, Records N8bn Loss

Stock Market Extends Decline, Records N8bn Loss         Transactions on the floor of the Nigerian equity market extend losses on Monday as bears tightened their grip...

Naira Declines Further, Exchanges For 483/$ Over Speculation

Naira Declines Further, Exchanges For 483/$ Over Speculation         The naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the...

Nigeria’s Oil Rig Count Declines By 30%

Nigeria’s Oil Rig Count Declines By 30%         Nigeria’s active rig count witnessed a downward movement with a 30 percent dip to seven in October, 2020...

NNPC Petrol Sales Revenue Drops Despite Price Hike

NNPC Petrol Sales Revenue Drops Despite Price Hike       The volume of petrol sold by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National...

Stock Market Ends Weekly Gains, Investors Lose N470bn

Stock Market Ends Weekly Gains, Investors Lose N470bn       Activities on the floor of the Nigerian Stock Exchange closed on a negative note last week as...

We Begged People To Buy Oil At $9, Say Kyari

We Begged People To Buy Oil At $9, Say Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, said buyers...

ABCON Kicks Against Speculators Depreciating Naira Forcefully

ABCON Kicks Against Speculators Depreciating Naira Forcefully         The Association of Bureaux De Change Operators of Nigeria has warned foreign exchange speculators pushing the naira to...

Nigeria Spends $500m Yearly Importing Palm Oil – FG

Nigeria Spends $500m Yearly Importing Palm Oil - FG         Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on...

Stock Market Down By N91bn On Profit-taking

Stock Market Down By N91bn On Profit-taking         The Nigerian equity market, on Thursday, returned to negative territory as investors continued to take profits to increase...

Senate Lauds NNPC on Gas Projects, Financial Audit Report

Senate Lauds NNPC on Gas Projects, Financial Audit Report The Senate Committee on Gas has commended the Nigerian National Petroleum Corporation (NNPC) on the various...

Crude Oil In Commercial Quantity Discovered In Benue Trough – NNPC

Crude Oil In Commercial Quantity Discovered In Benue Trough – NNPC       The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered...

Nigeria To Resume Fuel Imports From Niger Republic

Nigeria To Resume Fuel Imports From Niger Republic       Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring...

LPG: DPR Sets New Guideline For Operators, Investors, Others

LPG: DPR Sets New Guideline For Operators, Investors, Others         The Department of Petroleum Resources, DPR, said it has introduced new guidelines to accommodate more Liquefied...

DBN Disburses N150bn To MSMEs In Three Years

DBN Disburses N150bn To MSMEs In Three Years       The Development Bank of Nigeria (DBN) has disbursed over N150 billion since it commenced operations in 2017,...

NNPC Commits to Growing Nation’s Hydrocarbon Reserves to 40 billion barrels

NNPC Commits to Growing Nation’s Hydrocarbon Reserves to 40 billion barrels The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s...

Naira Weakens Further As Dollar Sells For 478

Naira Weakens Further As Dollar Sells For 478       The naira extended its decline on Wednesday at the parallel market as the United States dollar was...

UK Petrol Car Ban Threatens Nigeria’s Oil Sales

UK Petrol Car Ban Threatens Nigeria’s Oil Sales       Except the country finds new buyers, the plan to ban petrol and diesel vehicle sales by the...

Phone Subscribers Increased By 54.2m In Five Years – NCC

Phone Subscribers Increased By 54.2m In Five Years – NCC         The National Communications Commission on Wednesday said active phone subscribers in Nigeria grew by 54.2...

Nigeria’s LPG Storage Capacity Now 69,698MT – Sylva

Nigeria’s LPG Storage Capacity Now 69,698MT - Sylva         The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the Liquefied Petroleum...

Yobe, Anambra, Kebbi Paid Highest For Petrol In October – NBS

Yobe, Anambra, Kebbi Paid Highest For Petrol In October – NBS       Consumers paid more for petrol, kerosene and diesel in the month of October 2020...
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