Trading session on the Nigerian Exchange Limited (NGX) closed in the red zone as investors expectedly continued their cautious sentiment amid dearth of positive triggers on Thursday. Oando, RT Briscoe, FTN Cocoa were mostly on offer while stocks like Berger…
Equity investors gained a total of N349 billion week-on-week, as the Nigerian Exchange Ltd.(NGX) market capitalisation appreciated by 0.63 percent to close the week. Specifically, the All-Share Index closed at 96,579.54 points, having opened at 95,973.45 points, while the market…
By Temitope Ajayi By his advanced age and eminent status as a former Vice President of Nigeria, Alhaji Atiku Abubakar is by no means qualified to be an elder statesman. Statesmen are highly venerated and revered people to whom we…
By Temitope Ajayi By his advanced age and eminent status as a former Vice President of Nigeria, Alhaji Atiku Abubakar is by means qualified to be an elder statesman. Statesmen are highly venerated and revered people to whom we go…
Nigerian multinational energy company, Oando Plc, has acquired a 100 percent shareholder interest in the Nigerian Agip Oil Company (NAOC) from Eni, an Italian energy company, at $783 million. The Group Chief Executive Officer, Oando, Mr Wale Tinubu disclosed this…
NNPC Retail, the downstream division of the Nigerian National Petroleum Company Limited, has been dissolved following a court-approved transfer of its ownership and assets to OVH Energy Marketing Limited. The ruling effectively terminates NNPC Retail, Nigeria’s leading petrol importer, and…
By Esther Agbo The Nigerian equities market has again seen a bearish performance maintaining its downtrend since the week as Oando and 24 others led the local bourse to a southward close with a decline of N108 billion. The All-Share…
Oando Plc has vehemently denied claims circulating on social and digital media platforms that it owns a blending plant in Malta. The energy conglomerate has also refuted allegations that it imports substandard fuel into Nigeria through a Maltese company named…
Oando Plc, Nigeria’s leading Indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange had announced that Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for the sale of 100…
The equity capitalisation in the Nigerian capital market crashed by 1.38 percent at the close of trading on Friday. This represented a N518.08 billion dip in the value of investments at the capital market from N37.36 trillion to N36.84 trillion…
