FG to Reclaim Dormant Oil Fields, Begins License Review The Federal Government has declared an end to what it described as the “era of speculative licensing,” where companies acquire oil blocks but fail to develop them, hence putting an end to dormant oil fields. This came...

Oando, Dangote, Others Gain N1.18tn in Market Cap The Nigerian Exchange recorded a market capitalisation increase of N1.18tn on Wednesday, driven by investor optimism and corporate earnings, especially from Oando Plc. At the close of trading, the All-Share Index climbed by 1,466.87 points, representing a 1.22...

Equity Market Rebounds as Investors Gain N315bn  The Nigerian Stock Exchange witnessed a significant rebound at the close of Tuesday’s trading session, with a remarkable N315bn gain in market capitalisation. The market closed at N68.4tn, driven largely by key players such as Oando, Chellarams, and Transcorp,...

FG Approves Sale of Shell’s $2.4bn Onshore Asset to Renaissance Renaissance Africa Energy Company Limited, a local oil and gas consortium, says it has received ministerial consent to acquire Shell Petroleum Development Company. The company announced the development in a statement on Wednesday. The approval was reportedly...

Bearish Trading Dips as Investors Lose N108bn The Nigerian Exchange experienced a continued downtrend on Wednesday, resulting in a loss of N108bn as bearish sentiments dominated trading for the third consecutive day. The All Share Index declined by 0.20 per cent, closing at 97,199.60 points and...

After Bearish Trend, Equity Market Rebounds with N95bn Gain The Nigerian equity market recovered from the previous day’s loss with a N94.95bn gain on Wednesday, buoyed by an appreciation by Cocoa Processors, Oando, Computer Warehouse Group and 32 other stocks. The market capitalisation and the All...