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1 month ago | 
thisdaylive.com | Adeyinka Salami |Emmanuel Addeh |Deji Elumoye |Peter Uzoho
•Charges members to build on gains of ongoing economic reforms •Ojulari: Nation’s refineries’ production to rise from 1.5m to 1.9m barrels by end of 2025Deji Elumoye in AbujaPresident Bola Tinubu has charged the new board of the Nigerian National Petroleum Company Limited (NNPCL) to bring the experiences of its members to bear on the ongoing efforts to transform the country’s economy.
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1 month ago | 
thisdaylive.com | Kayode Tokede |Peter Uzoho
Kayode TokedeThe stock market section of the Nigerian Exchange Limited (NGX) appreciated by N3.73 trillion by market capitalisation in the first four months of 2025 to close at N66.496 trillion as of April, 30, 2025. Capital market analysts attributed the stock market N3.7 trillion growth to impressive 2024 performance by listed companies and the recovery of some companies in their first quarter ended March 31, 2025 corporate earnings released on the Exchange.
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2 months ago | 
thisdaylive.com | Emmanuel Addeh |Deji Elumoye |Peter Uzoho |Blessing Ibunge
•Task Ojulari-led company to complete IPO, sustain production growth, boost investor confidence, others •Hail Tinubu for selecting a ‘surgical team’ to transform company Peter Uzoho and Dike Onwuamaeze Yesterday’s dissolution of the board of the Nigerian National Petroleum Company Limited (NNPCL) by President Bola Tinubu and immediately filling it with seasoned oil and gas professionals led by Ahmed Musa Kida and Bayo Ojulari as Non-executive chairman and Group Chief Executive Officer,...
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Mar 19, 2025 | 
thisdaylive.com | Kayode Tokede |Peter Uzoho |Emmanuel Okonji
Kayode Tokede The Nigerian stock market yesterday sustained its profit-taking activities as losses in BUA Cement Plc (10 per cent drop) and 21 others pulled the overall market capitalisation lower by N266 billion. As a result of investors’ profit-taking, the Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 423.48 basis points or 0.40 per cent to close at 105,375.69 basis points.
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Mar 11, 2025 | 
thisdaylive.com | Emmanuel Addeh |Kayode Tokede |Ima Ekanem |Peter Uzoho
Emmanuel Addeh in AbujaNigeria’s leading indigenous energy group, Oando Plc, yesterday confirmed its selection as the preferred bidder for the 175,000 barrels per day Guaracara Refining Company Limited (GRC) refinery assets from Trinidad Petroleum Holdings Ltd (TPHL). Oando Plc, listed on both the Nigerian Exchange Limited and the Johannesburg Stock Exchange, in a statement, noted that it has now been formally advised in writing of its choice as the preferred bidder for the lease by the country.
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Feb 19, 2025 | 
thisdaylive.com | Kayode Tokede |Peter Uzoho |Emmanuel Okonji
Kayode TokedeThe local stock market yesterday recovered from loss as investors’ demand for BUA Foods Plc and 24 others pushed the market capitalisation up by N505 billion. The Nigerian Exchange Limited All-Share Index (NGX ASI) gained 938.53 basis points, or 0.87 per cent to close at 108,609.51 basis points. Also, market capitalisation rose by N505 billion to close at N67.684 trillion.
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Jan 28, 2025 | 
thisdaylive.com | Peter Uzoho |Adeyinka Salami |Emmanuel Addeh |Ndubuisi Francis
•Seeks to replace gas cylinders with pipe-to-home initiativeEmmanuel Addeh in AbujaThe federal government yesterday awarded 10 gas distribution licenses to six Nigerian firms, a development it said marked a significant leap towards deepening gas utilisation in the country. The beneficiary firms at the event held in Abuja were: The NNPC Gas Marketing Limited, Shell Nigeria Gas Ltd, AXXELA, NIPCO PLC, Central Horizon Gas Company and Falcon Corporation Limited.
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Jan 22, 2025 | 
thisdaylive.com | Kayode Tokede |Ima Ekanem |Peter Uzoho
Emmanuel Addeh in AbujaOando Plc, one of Africa’s leading indigenous energy solutions, yesterday announced that it had successfully completed and won the bid for the operatorship of oil block KON 13 in Angola. The company which recently acquired Eni of Italy’s oil assets in Nigeria, disclosed that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator.
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Jan 18, 2025 | 
arise.tv | Peter Uzoho
Vandals of power infrastructure on Friday launched another attack on transmission lines taking electricity to parts of Abuja including Maitama, Wuse and Garki. The incident, according to the Transmission Company of Nigeria (TCN), occurred in the early hours of Friday at the 132kv transmission line and underground cable transmitting bulk power to the 132kv Central Area transmission substation, Katampe, in the Central Area of Abuja.
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Jan 18, 2025 | 
arise.tv | Peter Uzoho
Dangote refinery has increased bulk petrol prices to N955/litre, citing escalating global crude oil prices, a deregulated market Dangote Petroleum Refinery on Friday announced an upward adjustment in the prices of its Premium Motor Spirit (PMS) commonly known as petrol, to its bulk purchase customers, citing escalating global crude oil price which is now above $80 per barrel.
