NNPC to Review Pricing Regime For Crude Oil Traders   The Nigerian National Petroleum Company Limited (NNPCL) will review how its crude cargoes are priced from January 2024. A report by Bloomberg quoting a circular by the company stating that the new product pricing would be against...

Nigeria’s Trade Surplus Rises 47%, Hits N1.88trn in 2023 Nigeria’s trade surplus improved further in the third quarter, Q3’23, rising 47 per cent, quarter on quarter, QoQ, to N1.88 trillion from N1.28 trillion in Q2’23. National Bureau of Statistics, NBS, disclosed this in it’s Foreign Trade...

COP28: 'NNPCL is Creating a Regional Network to Boost Africa's LNG Supply' The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari says the company is creating a regional gas pipeline network to supply natural gas across Africa He said this while...

Capital Importation Drops 73% to $230m in 2023 - Report Capital imported into Nigeria fell month-on-month (MoM) by 73 percent to $230 million in July 2023 from $390 million in June 2023. The Central Bank of Nigeria, CBN, disclosed this in its Monthly Economic Report for...

Budget: House Plans FRC Act Amendment to Deepen Citizens Engagement  The Speaker of the House of Representatives, Tajudeen Abbas, on Monday, pledged the readiness of the House to amend the Fiscal Responsibility Act to deepen citizens’ participation in the country’s budgetary system. The Speaker stated this...

NGX Down by 0.66%, Falls to N259bn over BUA Cement, Lafarge Loss Losses recorded in the equities of some medium-cap companies dragged the market capitalisation of the Nigerian Exchange Limited to a loss of N259bn on Monday. Atop the losers’ chart was BUA Cement whose shares...