Nigeria’s state-owned oil firm NNPC to commence search for oil in Benue  Trough, says President Buhari

Nigeria’s president, Muhammadu Buhari has announced that the state-owned oil corporation, the Nigerian National Petroleum Corporation (NNPC) will soon commence deeper search for oil and gas in the Benue Trough. This, he said, is the next step following the commencement of drilling in the Kolmani River area located within Bauchi and Gombe States. Buhari announced […]

Bargain hunters give Nigeria’s equities market bull run as capitalisation reaches N11.5trn 

A rash of bargain hunting saw Nigeria’s equities market keep the bull on the run on Tuesday  with market capitalisation adding N11 billion to settle at N11.5 trillion. The All Share Index (ASI) also closed 0.09 percent higher to settle at  30,773.57 points. Sustained bargain hunting on was particularly noticed on the stocks of Stanbic IBTC Bank, the Nigerian affiliate of […]

Nigeria’s state-owned oil corporation, NNPC, announces N2.06bn trading  surplus for November ’18

State-owned oil corporation, the Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N2.06 billion for operations  in the month of November 2018, indicating a 116 percent increase over the previous month’s deficit of ₦12.66 billion. The oil giant, which published highlights of its financial operations for November in a release by Ndu Ughamadu, […]

Nigeria loses 3% of GDP to road crashes, says African Development Bank, moves to reduce road accidents in Africa

Nigeria, Africa’s largest country and economy by population and gross domestic products (GDP), loses as much of three percent of her GDP to road crashes, says the African Development Bank (AfDB) which is now leading an initiative to reduce accidents across the continent. A road safety leadership programme intended to develop leadership capabilities in road safety […]