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Market capitalization falls N857bn due to sell-offs

The Nigerian Exchange’s market capitalization fell for the second time this year, losing N857 billion to close at N56,425 trillion due to sell-offs. The PUNCH reported that the All-Share Index fell 1.49 per cent on Tuesday, closing at 103,110.15 points. The first loss of the year happened in January 10, with the market capitalization falling by […]

bfatoyepdnlimited-com
31st January 2024
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Power crisis hits manufacturers as energy costs rise 27%

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FG plans to sell five power plants for $1bn

The Federal Government, through the Bureau of Public Enterprises, is now conducting transactions to sell five power plants under the National Integrated Power Projects for around $1.15 billion. Although individuals involved with the development said that the cost of the plants should surpass $5 billion based on worldwide benchmarks, they revealed that the BPE was […]

bfatoyepdnlimited-com
24th January 2024
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Shell to sell Nigerian onshore oil assets for $1.3bn

Shell Plc has agreed to sell its Nigerian onshore oil assets to a local partnership for more than $1.3 billion, subject to government permission. According to Bloomberg, Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich, confirmed the deal in a statement on Tuesday, emphasizing the company’s focus on streamlining its portfolio and directing disciplined investments […]

bfatoyepdnlimited-com
16th January 2024
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NNPCL targets four FIDs by 2025, posts N5.89tn

FCCPC unveils taskforce to combat counterfeit products nationwide

Mauritius firm to acquire 26% stake in Nigerian

UK regulator partner Nvidia to allow banks experiment

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Dangote refinery to begin nationwide fuel distribution in August

EU celebrates 40 years of border-free travel

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Trump mulls visa ban on Nigeria, 35 other countries

Tag: sell

Market capitalization falls N857bn due to sell-offs

FG plans to sell five power plants for $1bn

Shell to sell Nigerian onshore oil assets for $1.3bn

Dangote refinery to begin nationwide fuel distribution in.

EU celebrates 40 years of border-free travel

Banks, telcos still testing end-user billing model –.

Trump mulls visa ban on Nigeria, 35 other.

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