Month: November 2023

Naira Reclaims Value, Black Market Rate Steadies Exchange rates closed in a mixed direction in the foreign exchange markets as demand for the US dollar was met with adequate supply.…

Benchmark Yield Behind 16% as Nigeria Bonds Rally The average yield on Federal Government of Nigeria (FGN) bonds declined marginally as investors’ appetite for local bonds improved. Though real return…

Equities Investors Gain N132bn in Latest Rally Halting the downtrend, equities investors gained more than N132 billion midweek due to buying interest in mid-cap stocks. Stock market performance indicators improved…

NAICOM Decries High Numbers of Unpaid Claims by Insurance Companies The Commissioner for Insurance, Mr Sunday Thomas, says recent efforts by the National Insurance Commission (NAICOM) to review the status…

NUPRC Intervenes in Chevron vs. Escravos Dispute The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has waded into the dispute between Chevron Nigeria Limited and communities within the company’s Warri exploration…

Nigeria, US Collaborate on Mining Projects Funding The Nigerian authorities and those of the United States (US) on Wednesday held talks on how to fund mining projects in Nigeria. According…

Oil Theft: Security Firms Saves Nigeria $43.2m Daily Tantita Security Services Nigeria Ltd., a private security contractor with the Nigerian National Petroleum Company (NNPC) Ltd., says its activities in combating…

Equinor Sells Oil Asset in Nigeria to Chappal Energies Equinor Nigeria Energy Company on Wednesday announced the sale of its Nigerian business, including its share in the Agbami oil field,…

Tinubu Presents N27.5 Trn 2024 Budget to NASS President Bola Tinubu on Wednesday presented a budget of N27.5 trillion for 2024 to the National Assembly for approval. Presenting the budget…

2024 Budget: We Can’t Afford to Fail Nigerians, Says Speaker Abbas The Speaker of the House of Representative, Rep. Tajudeen Abbas says the current administration cannot afford to fail Nigerians…