Conoil, Sterling Bank among top gainers as Nigeria’s stock market rebounds from bearish run

Conoil, Sterling Bank among top gainers as Nigeria’s stock market rebounds from bearish run

Conoil, Sterling Bank among top gainers as Nigeria’s stock market rebounds from bearish run | The Paradise News Investors at the Nigerian stock market went home with a mere N3.97 billion following the rise in equity capitalisation to N25.418 trillion on Wednesday. The figure was N3.97 billion higher than the N25.414 trillion posted by the […]

NNPC headquarters, refineries’ post N123.64bn deficit in nine months – Report

NNPC headquarters, refineries’ post N123.64bn deficit in nine months – Report

The latest monthly oil and gas report of the Nigerian National Petroleum Company Limited has revealed that the combined deficit of the headquarters of the NNPC and the three refineries under its management from January to September 2021 is N123.64bn. Figures contained in the September 2021 report indicated that while the cumulative deficits of the […]

Hike in PMS Prices, Others Jerk Up Petroleum Marketing Companies Revenue by 47%

Hike in PMS Prices, Others Jerk Up Petroleum Marketing Companies Revenue by 47%

Kayode Tokede On the heels of increasing prices of Premium Motor Spirit (PMS) and other related products, a total of four listed Petroleum marketing companies on the Nigerian Exchange Limited (NGX) generated an increase of 47 per cent in revenue in 2021. These four companies, according to THISDAY investigations are Conoil Plc, Eterna Plc, Juli […]

Ease at sight as NNPC names 48 filling stations to give 24-hour fuel supply *See full list

Ease at sight as NNPC names 48 filling stations to give 24-hour fuel supply *See full list

Determined to improve the fuel supply situation in Nigeria, the Nigerian National Petroleum Corporation Limited (NNPC) Monday identified 48 fuel stations where motorists living in the Abuja city and its environs could get petrol irrespective of the time. The stations are to begin operation Monday night. A statement signed by Group General Manager, Group Public […]

Okomu, other laggards drive stock market’s negative start to new week

Okomu, other laggards drive stock market’s negative start to new week

The Nigerian Exchange Limited (NGX) All Share Index (ASI) decreased to 47,203.39 points from 47,279.92 points while the value of listed stocks dropped to N25.436trillion, from N25.477trillion. Nigeria’s stock market opened this new week on a negative note, driven majorly by declines in prices of Okomu Oil Palm Plc , NEM Insurance Plc, Pharma Deko, […]

Stock Market Down N98bn onSell-off in MTN, Zenith Bank, 31 Others

Stock Market Down N98bn onSell-off in MTN, Zenith Bank, 31 Others

NGX Group Kayode Tokede Investors’ profit-taking in MTN Nigeria, Zenith Bank Plc, 31 other stocks down the Nigerian Exchange Limited (NGX) by N98billion. The overall market capitalisation value yesterday lost N98 billion to close at N25.289 trillion from N25.387trillion it opened for trading. Consequently, the NGX All-Share Index declined by 180.5 basis points or 0.38 […]

Stock round-up: Investors part with N19.6bn in five days as International Breweries, Japaul Gold lead losers

Stock round-up: Investors part with N19.6bn in five days as International Breweries, Japaul Gold lead losers

Investors at the Nigerian capital market parted with N19.614 billion to trade 1.785 billion shares in 27,822 deals this week. This surpassed the N19.08 billion coughed out by investors in exchange for 1.448 billion shares in 22,557 deals last week. Top NGX performing sector The Financial Services Industry was the top trading sector based on […]