Nigeria’s Oil Sector Gets $8bn Lift, Rig Count Hits 46
Crude oil producers in Nigeria have invested $8 billion in rig infrastructure to boost the country’s hydrocarbon output, raising the total number of active rigs to 46, according to the Nigerian Upstream Petroleum Regulatory Commission.
The...
Petrol Imports Decline in June – Marketers
Nigeria’s import of Premium Motor Spirit, popularly known as petrol, by oil marketers fell to a record low in June, majorly driven by a ramp-up in output from the 650,000 barrels-per-day Dangote Petroleum Refinery, new data has shown.
An...
Bullish Trend: Equities Market Extends Gain with N212bn
The Nigerian Exchange Limited extended its bullish run on Wednesday, as investors recorded a gain of N212bn, following renewed buy interest in highly capitalised stocks across key sectors of the market.
At the close of trading, the market...
FG Lists N4bn Savings Bonds on NGX
The Nigerian Exchange Limited has announced the listing of the June 2025 issue of the Federal Government of Nigeria Savings Bonds on its platform.
According to a market bulletin issued on Wednesday, with reference number NGXREG/IRD/MB48/25/07/09, the total amount...
Senate Declares Emergency on Ponzi Scheme, Probes N1.3tn CBEX Collapse
The Senate on Wednesday launched a sweeping probe into the rise of Ponzi schemes in the country, following the catastrophic collapse of Crypto Bridge Exchange, a digital investment platform that allegedly fleeced Nigerians of over...
X CEO, Linda Yaccarino Resigns
The Chief Executive Officer of Elon Musk-owned social media platform X (formerly Twitter), Linda Yaccarino, has stepped down after two years in the role.
Yaccarino announced her resignation in a tweet on the platform on Wednesday, without stating a specific reason...
