The CEO of NNPC Limited, Mele Kyari in a recent interview has said that the Company deferred payment to fuel importers, due to Nigeria’s falling crude revenues.
Kyari noted that the fuel trading companies NNPC has deferred payments to are: Vitol, Total, Sahara Group, and Oando.
Kyari noted that the fuel trading companies NNPC has deferred payments to are: Vitol, Total, Sahara Group, and Oando.
Source: NNPC explains reason for delayed payment to fuel importers – StocksWatch (stocksng.com)
The Nigerian stock market last week declined occasioned by profit taking in Dangote Cement, MTN Nigeria and other 38 stocks. The All Share Index and Market capitalization declined by 0.11% to settle at 67,324.59 points and N36.847 trillion respectively. An aggregate of 3.9 billion units of shares were traded in 38,536 deals, valued at N30.379 billion. The […]
The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed:[…]
