Refineries Incur Losses In 13 Months Nigeria’s four refineries under the management of the Nigerian National Petroleum Corporation have not made any profit since May 2018. Instead, the refineries posted losses consecutively between May last year and May this year. The country’s refineries comprise Warri Refining and...

Commodity Exchange Moves To Reduce N2.7tn Post-harvest Losses   The Nigeria Commodity Exchange has entered into an agreement with the New Nigeria Commodity Marketing Company to ensure a massive boost in the trading of agricultural produce in the country. The Managing Director of NCX, Zaheera Baba-Ari, signed...

NSE Indices Losses Dip By N94bn   The bears maintained dominance at the end of yesterday’s transactions on the equity sector of the Nigerian Stock Exchange (NSE), following price losses incurred by most highly capitalised stocks, as market capitalisation depreciated further by N94 billion. Specifically, the All-Share...

Cocoa Processors Groan Under N50bn Debt, Huge Losses Cocoa processors are currently regretting sinking billions of naira into the cocoa value addition business with little or nothing to show for it even as they face constant harassment from creditors, ANNA OKON writes Cocoa processors in Nigeria...

Stock Losses Enter 8th Day, Investors Lose N106bn The local bourse extended losses from last week into yesterday’s trading session as investors on equities of the Nigerian Stock Exchange (NSE) lose N106.9 billion with market capitalization falling to N14.1 trillion at the close of trade. The...