August 23, 2024/United Capital Research Anglophone West Africa Nigeria Nigeria owes NNPC $4.9bn fuel debt The Federal Government owes the Nigerian National Petroleum Company Limited (NNPCL) almost half of what it plans to collect in revenues this year for the petrol subsidy it reintroduced in August last year. NNPCL is […]
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Intraday Update: Nigerian Stocks Inch Up +0.12%, Buoyed by Bellwether Counters
August 23, 2024/InvestmentOne Report ASI as at 12.00pm: +0.12% Top Gainers and Losers: OANDO (+10.00%), DEAPCAP (+9.80%), GUINEAINS (-9.76%) and TIP (-9.33%). Sector Performances: Oil & Gas (+0.39%), Banking (+0.10%), Consumer Goods (-0.48%) and Industrial. Market activity: In today’s trade, total volume and value declined by 12% and 13% respectively […]
Oando Announces Completion of $783Million Acquisition of Eni’s Subsidiary, Nigerian Agip Oil Company
August 22, 2024/NGX Oando Plc has acquired 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from the Italian energy company Eni for a total consideration of US$783m. This acquisition is a milestone in Oando’s long-term strategy to expand its upstream operations and strengthen its position in […]
