Nigerian Stocks Head For Best Annual Run Since 2013       Nigerian stocks are headed for their highest annual gain in seven years riding on low yields in the country’s fixed-income market. The equities benchmark index in Africa’s largest economy recorded its highest return, rising 45.7 per cent...

Naira In Mixed Performance As Forex Reserves Decline by $198m         The naira recorded a modest appreciation at the official window but was flat at the parallel market as Nigeria’s foreign exchange (forex) reserves dropped by $197.84 million to $35.01 billion at the weekend. The naira appreciated...

Oil Exploration Activities Decline, Threaten 40bn Reserves Target           Nigeria has recorded a significant 19.3 per cent decline in the level of oil exploration in the first 10 months of this year, a development which may be threatening the Federal Government’s plan to restore growth in...

Nigeria’s Oil Rig Count Drops By 30% In One Month       Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October 2020 as against 10 recorded in the previous month. The rig count is a reflection of the level of exploration, development,...

Naira Continues Further Decline       The naira depreciated against the dollar across the official and parallel markets yesterday with many pundits predicting further decline of the national currency. At the official Investors and Exporters (I & E) Window, naira declined by 2.0 per cent to N393.25 per...

Nigeria’s Oil Rig Count Declines By 30%         Nigeria’s active rig count witnessed a downward movement with a 30 percent dip to seven in October, 2020 from 10 recorded in September. The rig count is a reflection of the level of exploration, development, production and general activities...