NNPC To Supply Four Crude Oil Cargoes to $20bn Dangote Refinery   The Nigerian National Petroleum Company Ltd (NNPCL) has scheduled to supply four crude oil cargoes, (four million barrels), under its February programme to the $20 billion Dangote refinery. The four cargoes are expected to increase...

Banks Loan Portfolio Rises by 44.2% to N32.47trn   Leading Deposit Money Banks quoted in the Nigerian Exchange Limited (NGX) have grown their loan portfolio by 44.23 percent in the nine months ended September 30, 2023. The banks include: Zenith Bank Plc, FBN Holdings Plc, Access Bank...

We Recorded 157 Oil Theft in Niger Delta Within a Week - NNPCL   Despite renewed efforts aimed at tackling oil theft, the Nigerian National Petroleum Company Ltd (NNPCL), said it recorded 157 incidents within one week (December 30, 2023 and January 5, 2024) in the...

NNPCL Records Over N2trn Profit   The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, said it made a profit of N2.548tn in 2022, describing it as the “highest profit since the inception” of the national oil firm. NNPCL is a state-owned oil corporation established in 1977...

Stock Investors Gain N1.93trn In Two Days   The Nigerian stock market, yesterday, continued to surge in an impressive momentum, with investors gaining over N1.57 trillion from their investment. This makes a total capital appreciation of over N1.93 trillion in two trading days of the week following...

Foreign Investments in Nigerian Startups Decline By 65%   Foreign investments in Nigerian startups fell by 65.83 per cent year-on-year to $410m in 2023 from $1.2bn in 2022. The fall in investments caused the country to lose its top spot in terms of total startup investments on...