In Five Months, NNPC Rakes In N1.088trn Revenue       The Nigerian National Petroleum Corporation (NNPC) made a total revenue of N1.088.88 trillion in the first five months of 2021, a Federation Account Allocation Committee (FAAC) document detailing its operations for the period has shown. The figure is...

Nigeria’s Oil & Gas Earnings Climb To N24trn In 5yrs       Despite the huge global crash in prices, Nigeria’s earnings from oil and gas in the first half of 2020, is N2.41 trillion just 8.7 per cent below the N2.63 trillion recorded in the corresponding period...

Oil & Gas, Bank Stocks Drag Market N72bn Lower   Banking and oil and gas stocks have further dragged the market lower, shedding N72bn as the market capitalisation of equities dropped to N12.930tn on Wednesday. The market capitalisation of equities, which increased to N13.049tn on Monday, dropped...

Oil & Gas: IBTC Records 249% Increase In Bad Loans   Stanbic IBTC Bank Plc, despite the sustained rise in crude oil prices over the last two years, recorded a 249 per cent increase in non-perfoming loans linked to the oil and gas sector in 2017. According...