Refineries, Ventures, Shipping Led To N56.1bn Loss In April - NNPC       Seven subsidiaries and business units of the Nigerian National Petroleum Corporation (NNPC) contributed a cumulative N56.177 billion to the national oil company’s total losses in April this year, latest financial and operations data from...

NGX Begins Week With N9bn Loss       Trading at the Nigerian Exchange (NGX) Ltd. started the week on Monday with a marginal loss of N9 billion. Specifically, the market capitalization which opened the week at N20.591 trillion shed N9bn or 0.04 percent to close at N20.582tr. Also, the...

NNPC Incurred N473bn Loss Operating Moribund Refineries – Report     The Nigerian National Petroleum Corporation incurred a loss of N473.3bn in operating moribund refineries between January 2015 and February 2021, a new report by SBM Intelligence, a geopolitical and socioeconomic research firm has claimed. The report titled...

Nigeria, Others Lose $2bn Annually To Illegal Sea Activities       The United States (U.S) Consul-General, Claire Pierangelo, has said West Africa loses about 800,000 tons of fish a year, worth almost $2 billion in gross revenue, to illegal activities by both foreign and domestic vessels. Pierangelo stated...

Stock Market Decline By N973.2bn In Seven Months       Profit-taking on price appreciation of stocks recorded last year and foreign investors exit Impacted the Nigerian equities market negatively in the first seven months of 2021 as investors lost N973.2billion. Specifically, market capitalisation, which measures the value of...

Investors Lose N5.80bn As 24 Firms Suffer Price Decline       Investors in the Nigerian Exchange Limited lost N5.80bn as 24 firms saw their share prices decline at the close of trading on Wednesday. The NGX All-Share Index declined by 2.87 per cent from 38,802.15 basis points to...