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Latest News in Nigeria - Page 79

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Nigeria’s Equity Market Surges By N1.158trn In September

Nigeria’s equity market witnessed a notable rise in September, growing by 2.05% or N1.158 trillion. This surge pushed the market’s year-to-date return to an impressive +31.81%. The rise came as investors poured money into banking, oil & gas, and insurance stocks, despite

October 1, 2024

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business·News·Oil & Gas

Dangote To Transport Refined Products By Sea

The Dangote Group has announced plans to start transporting refined petroleum products by sea. This development aims to ease road congestion and facilitate smoother export operations to other African countries. In a statement on Sunday, the Senior Adviser to the Group President

September 30, 2024

UBA Reports Record 149% Net Interest Income Growth Of N2trn In Q3

Business·News

UBA Sees 16% Profit Decline In H1 Despite Interest Income Surge

UBA Reports 16% Drop in Profit for H1 2024 United Bank for Africa (UBA) has reported a profit after tax of N316.4 billion for the first half (H1) of 2024. This figure marks a 16% decrease compared to the N378.2 billion the

September 30, 2024

Africa·Business·News

AfDB Pledges Support To Lagos Health Sector, Aims To Curb Nigeria’s $1bn Monthly Medical Tourism Loss

AfDB’s Commitment to Boost Lagos Healthcare Sector The African Development Bank (AfDB) has expressed its commitment to supporting Lagos State in improving its healthcare system to reduce Nigeria’s reliance on medical tourism. At least $2.4 trillion is being lost annually in global

September 30, 2024

Nigeria Needs Improved Security, Investment To Achieve Over 2 mbpd Crude Oil Production – Report

Business·News·Oil & Gas

Over 7m Barrels Of Crude Oil Stolen From Nigeria In 2023, NEITI Reports

Crude Oil Losses Fall Dramatically in 2023 Nigeria’s crude oil theft has seen a significant drop, according to the Nigeria Extractive Industries Transparency Initiative (NEITI). The latest report, covering 2022 and 2023, reveals that about 7.68 million barrels of crude oil were

September 30, 2024

#Nigeria@64: Nigerian Government Rolls Out 64 CNG Buses, Promises More Transport Solutions

Business·News

#Nigeria@64: Government Rolls Out 64 CNG Buses, Labour Wants More

Nigerian Government Unveils CNG Buses to Ease Transportation Costs The Nigerian Government introduced 64 compressed natural gas (CNG) buses on Sunday as part of its effort to address the country’s transport challenges. The rollout, which coincides with Nigeria’s 64th Independence anniversary, aims

September 30, 2024

Business·FEATURES·News

#Nigeria@64: A Nation At The Crossroads Amid Economic Hardships

As Nigeria marks its 64th Independence Day, there is little celebration nationwide. Instead, there’s growing frustration as many citizens express their concerns about the country’s state, particularly under the economic reforms introduced by President Bola Tinubu. Since assuming office, Tinubu’s policies have

September 30, 2024

Business·Markets·News

Nigerian Stock Market Gains N15.66trn Despite Economic Challenges

Stock Market Sees Record Gains Despite Economic Pressure Amid Nigeria’s turbulent economic conditions, the stock market recorded a significant N15.66 trillion gain in the first nine months of 2024. Investors have shown increasing confidence, investing in blue-chip companies despite ongoing inflation, a

September 29, 2024

Raw Material Costs Surge By 98.9% In H1 For Major Companies In Nigeria’s Industrial Goods Sector

Business·News

Raw Material Costs Surge By 98.9% In H1 For Industrial Goods Sector

Companies in the industrial goods sector of the Nigeria Stock Exchange (NGX) experienced a sharp rise in their raw material costs during the first half of 2024. According to financial reports, the cost of purchasing materials increased by 98.9%, reaching ₦331.51 billion

September 29, 2024

Business·News·Oil & Gas

Why 3 Million Barrels Of Oil Production Daily Is Achievable – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) is confident that Nigeria can reach a daily crude oil production level of 3 million barrels. Mr. Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, shared this view during a Stakeholders Engagement Session with

September 29, 2024

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Latest News in Nigeria - Page 79

Nigeria’s Equity Market Surges By N1.158trn In September

Dangote To Transport Refined Products By Sea

UBA Sees 16% Profit Decline In H1 Despite Interest Income Surge

AfDB Pledges Support To Lagos Health Sector, Aims To Curb Nigeria’s $1bn Monthly Medical Tourism Loss

Over 7m Barrels Of Crude Oil Stolen From Nigeria In 2023, NEITI Reports

#Nigeria@64: Government Rolls Out 64 CNG Buses, Labour Wants More

#Nigeria@64: A Nation At The Crossroads Amid Economic Hardships

Nigerian Stock Market Gains N15.66trn Despite Economic Challenges

Raw Material Costs Surge By 98.9% In H1 For Industrial Goods Sector

Why 3 Million Barrels Of Oil Production Daily Is Achievable – NNPCL

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