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.
The Nigerian stock market rebounded last week after four consecutive sessions of losses, posting a ₦985 billion gain on the back of price growth in 70 equities. The All-Share Index (ASI) advanced by 1.13%, closing at 140,545.69 points, compared to 138,980.01 points in the previous week. Similarly, market capitalization rose by 1.12% to settle at ₦88.922 trillion, […]
The Nigerian equity market on Thursday closed on a positive note as The All Share Index moved up by 0.21% to close at 140,665.84 points from the previous close of 140,365.36 points. Investors gained N191 billion as the Market Capitalisation grew by 0.22% to close at N89.004 trillion from the previous close of N88.813 trillion. An aggregate[…]
