Dangote Refinery Receives Third Crude Shipment Of 1m Barrels Nigeria’s Dangote refinery has received its next one-million-barrel crude oil cargo from Shell International Trading and Shipping Company Limited (STASCO), bringing the total to three million barrels at the facility’s Single-Point Mooring. The fourth shipment which is...

NGX Trading Closes Big as 16 Investors Lift Market Cap by N63bn The Nigerian Exchange Limited investors at the close of trading on Wednesday lifted the market capitalisation by N63bn. Transcorp recorded gain of (+5.41 per cent), BUA Cement (+2.23), Flour Mill (+0.47 per cent) and...

OPEC Warns FG as Refining Capacity Crashes to 6,000b/d The Petroleum Exporting Countries recent report has revealed that Nigeria's crude oil refining capacity has further reduced to just 6,000 barrels per day. In its latest Annual Statistical Bulletin 2023, OPEC said the country’s capacity to refine...

Investors Gain N422bn in Three Days Trading - NGX The Nigerian Exchange Limited, NGX, has sustained bullish trend yesterday as investors gained N422 billion from the three days trading with market capitalisation surging to N35.844 trillion from N35.422 trillion closed last week Friday. In similar manner,...

More Losses Projected as Nine Firms Lose N960bn in H1 - Report Following foreign exchange reforms, Nigerian businesses have envisaged increased losses in the second quarter of the year. Already, nine firms had lost N960.18bn to the new forex policy in the second quarter. According to the...

Investors Witness N851bn Gain in One Day Nigeria’s equities market witnessed one of the highest one-day gains in 2023 as investors consolidated on the recent market rally to gain N851bn. The market went up on Monday by 2.48 per cent as the All-Share Index and equities...