Nigeria lost N4.3tn to oil Theft, Vandalism in Five years, Says FG The Federal Government says more than N4.3tn worth of crude oil was stolen in 7,143 pipeline vandalism cases within a period of five years. It disclosed this at the Nigeria International Pipeline Technology and...

CBN’s Lending to Banks Rises by 466 % to N268bn   Banks’ borrowings from the Standing Lending Facility (SLF) of the Central Bank of Nigeria (CBN) increased year-on-year (YoY) by 466 percent to N268.3 billion as at end of October 2023 from N47.35 billion as at...

In Five Days, Stock Market Investors Gain N1.7trn   The stock market closed last weekend on a positive note as investors smiled home with N1.7 trillion. The Nigerian Exchange Limited (NGX) market capitalisation which represents the total value of investment in the Exchange, surged to N38.556 trillion...

Less Than 10% of $700m Trapped Funds Paid – Foreign Airlines   As stakeholders in the business landscape express relief over the intervention by the Central Bank of Nigeria (CBN) in the foreign exchange market in recent times, foreign airlines operating in Nigeria have disclosed that...

NGX: FG Policies, Listings Drive N1.7trn October’s Gain   The market capitalisation of the Nigerian Exchange Limited (NGX) appreciated by five per cent during the month of October to result in a gain of N1.707tn for investors. NGX market cap had closed September at N36.331tn and closed...

Hold NNPCL Accountable for Refinery Renovations - Minister   The Minister of State for Petroleum Resources, Heineken Lokpobiri, stated that the Nigerian National Petroleum Company Limited was responsible for the timely renovation of state-owned refineries. Lokpobiri disclosed this on Friday while responding to questions from State House...