Michael James Lagos — In a bid to stimulate investment and boost activities in the maritime industry, amid the downturn induced by COVID-19, the Federal Ministry of Transportation is s... Read more
Ike Amos Abuja — The Nigerian National Petroleum Corporation, yesterday, declared a 860 per cent rise in its trading surplus to N20.36 billion in July 2020, from a surplus of N2.12 bil... Read more
OpeOluwani Akintayo Lagos — The Central Bank of Nigeria, CBN, has offered solar investors an intervention fund to access credit facility of not more than N500 million. In a document en... Read more
London — Hedge fund sentiment toward crude and products turned sharply more negative at the end of August amid signs of a slow post-epidemic recovery in oil consumption and persistentl... Read more
Abuja — The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Dev... Read more
Lagos — Wednesday’s trading activities on the floor of Nigerian Stock Exchange ended on a negative note for energy companies. Oando opened trading activities with N2.35 but clos... Read more
Abidjan, Ivory Coast — African leaders on Tuesday reaffirmed their support for the African Development Bank Group and its leadership under Dr. Akinwumi Adesina as he begins his second... Read more
Lagos — Tuesday’s trading activities on the floor of Nigerian Stock Exchange for energy companies ended with two active traders as Eterna and Japaul Oil recorded gains. Eterna op... Read more
Lagos — Monday, the last day of August 2020 trading activities on the floor of Nigerian Stock Exchange for energy companies ended with two active traders as Double One formerly known a... Read more
Lagos — Nigeria’s state oil company recorded a 5.34 billion naira ($14 million) cost for fuel in June, months after it changed its pricing method in an effort to eliminate subsidies. S... Read more
