Investors at the Nigerian stock market started the year on a high note, with stock gaining an impressive N1.13 trillion in market capitalisation during the second week of trading in…
Category: BUSINESS
Fuel prices may rise as crude nears $80/barrel
The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major…
NGX Recorded N12.17 Trillion Worth of FGN Bonds, Corporate Listings in 2024
The Nigerian Exchange Limited (NGX) witnessed an improved patronage in 2024 as it recorded about N12.17 trillion worth of both Federal Government of Nigeria (FGN) Bonds and Corporate listings. This…
Telecom tariff to rise but not by 100% —Minister
The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani says telecom tariffs will soon increase but not by 100 percent. Rising from a stakeholders meeting with Mobile Network…
Marketers Urge FG to Make Crude Oil Available to Local Refineries, Privatise Kaduna, Warri Refineries
The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) has recommended among others, the privatisation of state-owned Warri and Kaduna refineries to reputable private companies to improve efficiency and reduce…
Illegal connections, others cause 174 electricity-related accidents – NERC
Illegal connections, wire snap, vandalism, among others, caused 174 electricity-related accidents nationwide between January and September 2024, the Nigerian Electricity Regulatory Commission stated in its quarterly reports. This represents a…
Rights Issue: Nigerian Breweries Lists 20.71bn Ordinary Shares on NGX
Nigerian Breweries Plc, yesterday announced that the allotted 20,706,894,542 ordinary shares of 50 Kobo each, arising from its rights issue of 22,607,491,232 ordinary shares of 50 Kobo each at N26.50…
Bank customers withdrew N364bn in November – CBN report
Nigerians withdrew N364.38bn from banks in November 2024 amid the cash scarcity witnessed in many parts of the country, the latest data from the Money and Credit Statistics of the…
NGX opens week with N987bn gain
At the close of the first trading day of the week, the Nigerian Exchange Limited recorded a market capitalisation of N62.5tn, with a total of 641,117,293 shares traded in 13,778…
NNPC Announces Commencement of Production at Warri Refinery
The Nigerian National Petroleum Company Limited (NNPC) yesterday announced the restart of the 125,000 barrels per day (bpd) Warri Refinery and Petrochemical Company (WRPC), which was first approved for rehabilitation…
