Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves.
First HoldCo completes divestment from FBNQuest Merchant Bank
First HoldCo Plc has announced the successful completion of its divestment from its merchant banking subsidiary, FBNQuest Merchant Bank Limited, marking a major strategic shift aimed at strengthening the Group’s core operations.
NGX Weekly Review: Investors rake in N1.54trn gain
The NGX All-Share Index and Market Capitalisation appreciated by 1.63 per cent and 1.64 per cent to close the week at 149,433.26 and N95.264 trillion respectively. These are compared with 147,040.08 and N93.722 trillion recorded in the previous week. As a result, stock market investors gained N1.542 trillion for the week under review. Similarly, all […]
NUPRC issues permit to 28 companies for flare gas utilization
NUPRC has issued Permits to Access Flare Gas to 28 successful awardees under the Nigerian Gas Flare Commercialisation Programme
Dangote refinery reduces petrol gantry price 16% to ₦699/litre
A source in the 650,000-capacity refinery that pleaded to be anonymous said the refinery introduced the cut to ease transportation costs ahead of Christmas, when millions of Nigerians travel across states to reunite with family.
Nigeria’s oil output drops to 1.486m bpd in November- OPEC
By Udeme Akpan, Energy Editor The Organisation of Petroleum Exporting Countries, OPEC, has said that Nigeria’s oil output, excluding Condensate, dropped by 0.7 percent to 1.486 million barrels per day, bpd in November from 1.496 million bpd produced in October 2025. The Organisation does not consider Condensate, which Nigeria produces about 196,028 bpd, according to the Nigerian […]
