The stock market started the new month with a fourth straight gain as the market reached 142 billion naira on Wednesday at the bottom of the Nigerian stock exchange.
The Jeonju Index closed at 53,499.68 points, up 261.01 points and 0.49% from the previous trading day.
Thus, investors acquired a value of 142 billion naira as the market capitalization increased to 29 trillion.
The rally was fueled…
Nigerian state oil company Gas Marketing Limited opened a gas distribution office in Ikeja, Lagos on Monday.
Built by Tilt Energy Limited, the facility includes multiple offices, including conference rooms, reception areas, waiting rooms, and a truck loading station to…
Nigerian Export Promotion Council has enhanced the capacity of local exporters with a five-day training programme on business generation methodology and trade promotion.
It the programme was organised under the West Africa Competitiveness Programme, financed by the European…
The Petroleum and Natural Gas Senior Staff Association of Nigeria, on Monday, raised the alarm that their findings showed that the price of Premium Motor Spirit, popularly called petrol, had risen to as high as N650/litre in some locations.
It said this was due to the prolonged scarcity of the commodity, which grew worse in Abuja and many parts of the country on Monday, as it called on the Federal…
The Road Transport Employers’ Association of Nigeria has asked the Lagos state government to reverse its decision to phase out passenger cars in the northern part of the country.
RTEAN Secretary General Yusuf Adeniyi made a statement in Abuja. Kwara State and several…
The Edo State Governor, Mr Godwin Obaseki, has set up a committee to monitor fuel distribution and pricing following wide protests by people of the state.
According to a statement by the Special Adviser to the Governor on Media Projects, Crusoe Osagie, the committee would…
The Economic Community of the West African Regional Electricity Regulator has adopted important guidelines for the development of sub-regional electricity markets.
He also expressed his commitment to protecting the interests of investors and participants in the regional electricity market and stressed that the agency will ensure profitable investments in the industry.
Kokou Tossou, chairman of the…
The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years.
The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, disclosed this to…
Six international oil companies are to remit a total of N442.37bn in August 2022, being proceeds from the sale of domestic crude oil in May 2022, figures obtained from the Nigerian National Petroleum Company Limited on Monday showed.
NNPC explained that the N422.37bn was for…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday denied the engagement of a consultant to collect money at loading depots and highways.
Its President, Alhaji Debo Ahmed, issued the rejoinder in Abuja.
He noted that the statement has placed security agencies to be on the alert to avert any resultant crisis and scarcity of product.
The statement reads: “The attention…