July 24, 2024/InvestmentOne Report The NGXASI declined by 0.12% today to close at 100,365.17pts, as the losses in UBA (-5.07%), DANGSUGAR (-3.70%) and FBNH (-1.60%) drove the domestic bourse into the negative region. In the fixed income space, the Treasury Bills secondary market closed slightly positive, driven by the optimistic sentiment across […]
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Dangote, NNPC Spat: Shareholders Condemn Demarketing of Dangote Refinery
July 24, 2024/Dangote Group Shareholders have strongly defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery & Petrochemicals. The […]
Fuel Subsidy: MEMAN Says Landing Cost of Petrol is N1,117/Litre
July 24, 2024/CSL Research According to news reports, last week, the Major Energy Marketers Association of Nigeria (MEMAN) reported that the landing cost of petrol was N1,117/litre. MEMAN also disclosed that the landing costs of diesel and aviation fuel were N1,157/litre and N1,127/litre, respectively. While the pump prices of diesel […]
