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Member Representing Ajaokuta Federal Constituency, Idirissu Lawal, has called on the Federal Government to take urgent step towards the conduct of a reliable population census in the country for effective planning.

Firm petitions House of Reps over unpaid N70 million, $30 million debts

An engineering company operating in the Oil and Gas sector under the aegis of DE COON Services Limited has petitioned the House of Representatives over several contracts scams and non-payment of the sums of over $30m and N70M owed it by Nigeria Agip Oil Company, NAOC.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR warns against circulation of substandard lubricant in Bauchi

The Department of Petroleum Resources (DPR) in Bauchi, has cautioned retailers against the circulation of substandard Base Oil (Lubricant) products.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Market indicators rise further 0.75 percent

Activities on the Nigerian Stock Exchange (NSE) on Wednesday extended gaining streak, with indices rising by 0.75 per cent on renewed investors’ interest.

AKK gas pipeline commercially viable, can repay in 10 years – contractor

Mr Emeka Okwuosa, Chairman Oilserv Ltd., says the Ajaokuta-Kaduna-Kano (AKK), gas pipeline project is commercially viable and can service its loan before the stipulated time frame.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE market capitalisation rebounds by N107 billion

Transactions rebounded on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation increasing by N107 billion, after days of bearish trend.

Kebbi SEMA advises residents to plant trees over windstorm

The Chairman, Kebbi State Emergency Management Agency (SEMA), Alhaji Sani Dododo, has advised residents to plant trees in their houses to avert the menace of windstorm.

Embattled SEC chief Mounir Gwarzo resigns

The embattled Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has resigned from office.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market capitalisation loses N152 billion

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks.
The Nigeria Centre for Disease Control says it has extended its molecular laboratories with the capacity to detect Coronavirus Disease to six. Dr. Chikwe Ihekweazu, Director General of the NCDC, disclosed this to newsmen on Saturday in Abuja, while giving an update on COVID-19 in the country.

Coronavirus cases in Africa double in one week

African countries have so far recorded over 4,000 confirmed cases of coronavirus (COVID-19), more than double the figure as of Monday.
A might pipeline explosion that shook several houses rocks Abule Ado area of Ojo, Lagos, Southwest Nigeria on Sunday morning.

Mighty explosion rocks Lagos

A mighty pipeline explosion that shook several houses rocks Abule Ado area of Ojo, Lagos, Southwest Nigeria on Sunday morning.
Nigerian Stock Exchange NSE

Nigeria stock market capitalisation drops further by N656 billion

Panic sell off continued on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to fear of naira devaluation.
Nigerian Stock Exchange NSE

NSE: Investors lose N329 billion amid coronavirus fear, fall in oil price

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.
Nigerian Stock Exchange NSE

Profit taking drags down equity performance by 1.2 percent

The equities market today (Tuesday) recorded the first profit taking after a long streak gain this month leading to a decline in a major performance index as the Nigerian Stock Exchange, NSE All Share Index declined by 1.2 percent or 118 bases points, bps.
Nigerian Stock Exchange NSE

Trading sustains upward trend on NSE, market capitalisation crosses N13 trillion mark

The market capitalisation of the Nigerian Stock Exchange on Friday sustained a positive trend, crossing to N13 trillion mark on the second trading day of 2020.

Oando’s chairman, secretary, general manager receive prestigious recognitions

In addition to recording a profit in its Q3 financials in Ocotober, Oando’s management has received recognition from various reputable institutions in the country.

Oando‘s profit up by 26 percent to N13.1 bn in Q3

Oando Plc, an indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange has announced unaudited results for the nine months period ended September 30, 2019,(Q3’19) recoding Profit After Tax , PAT of N13.1 billion, an increase of 26 percent compared to N10.4 billion in the same period in 2018 (Q3’18).

NNPC transfers stakes in three oil assets to NPDC

The Nigerian National Petroleum Corporation, NNPC, yesterday, signed an agreement with Nigeria Agip Oil Company, NAOC, and Oando, for the transfer of NNPC’s stake in three oil wells, Oil Mining Lease, OML, 61, 62 and 63 to its upstream subsidiary, Nigerian Petroleum Development Company, NPDC.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

NNPC signs agreement with NAOC on four OMLs

The Nigerian National Petroleum Corporation has signed a novation agreement with Nigerian Agip Oil Company on Oil Mining lease 60,61,62 and 63.

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Gunmen kill Bauchi assemblyman, abduct wives, child

The Nigeria Police, Bauchi State Command has confirmed the killing of a member representing Dass constituency, Musa Mante Baraza in the Bauchi State House of Assembly, by unknown gunmen.

Former PDP chairman, three others docked over alleged conspiracy, theft

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