Nigerian govt reduces oil block entry costs as 2025 licensing round begins
The Nigerian government has reduced the cost of entering oil block bids as it officially begins the 2025 oil licensing round. The move is aimed at attracting more investors and reviving interest in the country’s oil and gas sector. Officials say the new pricing structure will make it easier for both local and foreign companies […]
39 firms drag Nigerian stock market to 4th consecutive losses
The Nigerian stock market recorded its fourth consecutive day of decline as 39 companies experienced losses, leading to a continued drop in investors’ confidence. Market experts say the downward trend is driven by sell-offs across key sectors, especially banking, industrial goods, and consumer goods. This persistent decline has increased worries among traders and analysts, who […]
Nigerian firms push NGX to historic 1,516.10 basic points, N963bn gain
The Nigerian Exchange Limited (NGX) witnessed a remarkable surge on Tuesday as key firms, including SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods, and Vitafoam, pushed the market to a historic high of 151,456.91 basis points. Investors recorded an impressive N963 billion gain, extending the bullish momentum seen in recent weeks. According to market data, […]
Investors in Nigerian stock market record N91bn gain
Investors in Nigeria’s stock market recorded a gain of N91 billion on Friday, bringing a positive end to the week after several days of losses. The market capitalisation, which started the day at N67.102 trillion, increased to N67.193 trillion, reflecting a 0.14 percent rise. Similarly, the All-Share Index moved up by 146 points to close […]