The Nigerian National Petroleum Company Limited (NNPC) has supplied four cargoes of crude oil to Dangote Refinery under the naira-for-crude sale agreement. Additional deliveries are expected in the coming weeks.
A source from Dangote Refinery disclosed that the first phase of this naira-for-crude sale agreement is set for six months. The government will review the agreement at the end of this period and may decide to renew it or not.
It was yet another bearish session on the floor of the Nigerian stock market on Tuesday as downtrend extended on profit taking by investors. The All Share Index dropped by 0.72% to close at 152,629.60 points from the previous close of 153,739.11 points. The Market Capitalisation declined by 0.63% to close at N96.971 trillion from the previous […]
Wole Olajide, ACS Performance of banking stocks on the Nigerian Exchange in Q3 2025 is mixed. Most of the Tier 1 Banks (FUGAZ) declined in their bottom-line figures, year on year. Except for UBA that made a marginal growth of 2.33% in profit after tax (PAT), others in the Tier 1 category (First Holdco, GTCO, Access and[…]
