Worry for Federal Government, states as oil prices drop to $60
Crude oil prices have fallen below $60 per barrel, raising concerns about the federal and state governments’ ability to fund...
Electricity: Nigerian govt pledges to offset N4 trillion debt to GenCos
The federal government has pledged to address the N4 trillion debt owed to Power Generation Companies (GenCos) in the country....
NGX loses N116bn as market cap dips
The Nigerian Exchange Limited closed Tuesday’s trading session in the red, as investors booked profits on key tickers including MTN...
Non-oil export records 24.7% surge, hits $1.7bn
The Nigerian Export Promotion Council disclosed on Monday that Nigeria’s non-oil export sector recorded significant growth in the first quarter...
NGX gains N966bn in holiday-shortened week
The Nigerian Exchange Limited gained N966bn in market capitalisation, buoyed by improved investor sentiment and positive movements in key banking...
Federation Account allocation falls third straight month to N1.57tn
The Federation Account Allocation Committee has reported a further decline in monthly disbursements to the Federal Government, states, and local...
Nigeria’s Oil Output Rises 8% in Q1, Despite Sinking to Five-month Low in March
Nigeria’s crude oil production grew by 8.13 per cent in the first quarter of 2025, despite the sharp fall in...
Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence
Nigeria’s foreign exchange (FX) market is once again facing renewed volatility as global economic uncertainties, driven by slumping oil prices and...
At -7.82 YtD, OIl & Gas Index Emerges Worst Performing Indicator on NGX
Due to projected poor dividend payouts by Oil and Gas companies listed on the Nigerian Exchange Limited (NGX), the NGX...
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