Petroleum Sector Local Content Rises 56% – NCDMB The Nigerian Content Development and Monitoring Board, on Wednesday, announced that local content in the petroleum industry has now reached 56 per cent, with ongoing reviews likely to further enhance this figure. The NCDMB Executive Secretary, Felix Ogbe...

Bearish Trend: Investors Lose N289bn as NGX Trading Falls  The Nigerian Exchange extended its losing streak on Wednesday, shedding N289bn in market value as bearish sentiments persisted for the third consecutive trading session. The benchmark All-Share Index declined by 0.44 per cent to close at 104,915.13...

Naira Gains by 0.16%, Exchanges N1,530.52/$ at Official Market  At the close of trading on Wednesday, the naira appreciated by 0.16 per cent to 1530.52/$ from 1532.93/$ in the previous trading session on the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria...

‎Dangote to Stop Fuel Supply to Nigerian Market as Naira-for-crude Deal Stalls ‎Dangote Refinery will stop loading petroleum products for Nigerian market as the renegotiation of the naira-for-crude deal is not recording significant progress, TheCable understands. ‎However, sources said the refinery will continue to load for...

450,000bpd Pipeline Explosion Threatens Crude Earnings - Report Nigeria’s daily oil output might be affected following an explosion that rocked a section of the Trans Niger Pipeline in Bodo Community, Gokana Local Government Area of Rivers State. The pipeline is owned by Renaissance Africa Energy Holdings....

FG Offers Bonds Valued at N300bn for Auctioning - DMO The Debt Management Office (DMO) said yesterday it would reopen two federal government bonds for auctioning, valued at N300 billion, for subscriptions of N1,000 per unit. The FGN savings bond offers are targeted at retail investors...