August 2022

Oil prices hit $104 on new supply scare

Oil prices rose early on Monday, extending gains from Friday, as supply took center stage on the market with potential new production cuts from OPEC+ and deadly clashes in Libya which renewed concerns about Libyan oil exports. As of 11:45…

MOMAN commends regulatory body on consultation with stakeholders

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been commended for its unprecedented consultation with stakeholders towards the successful implementation of the Petroleum Industry Act (PIA) 2021. Mr Olumide Adeosun, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), made…

Stock market closes flat by 0.01%

By Philemon Adedeji Trading activities in the domestic equities market yesterday opened the week with bearish sentiments despite more gainers than losers. As a result, the All Share Index (ASI) depreciated by 5.40 absolute points, representing a dip of 0.01…