Pays N967bn to Government By Obas Esiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd) said that its monthly revenue declined by 14.17 per cent in November 2025 to N4.358 trillion, down from N5.078 trillion recorded in October. In its monthly report released on Wednesday, NNPC Ltd revealed that despite the drop in revenue, profit […]

By Udeme Akpan, Energy Editor Nigeria’s oil output fell by  5.9 percent  year-on-year (YoY) to 1.599 million barrels per day (bpd), including condensate, in November 2025 from 1.698 million bpd in the corresponding period of 2024. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its December 2025 Crude Oil and Condensate Production report. Also, […]

•Market capitalisation nearly N100trn in value •Foreign portfolio transactions up 178.8%  YoY in 11months  By Peter Egwuatu, Assistant Business Editor After years of volatility driven by macroeconomic instability, foreign exchange distortions and policy ambiguity, the Nigerian capital market staged a powerful comeback that was anchored on reforms translating to wealth, confidence rebuilding, and renewed domestic and foreign […]

Guaranty Trust Holding Company Plc (GTCO) has obtained the approvals of both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory requirements.

In its monthly report released on Wednesday, NNPC Ltd revealed that despite the drop in revenue, profit after tax rose by 12.3 per cent to N502 billion in November, compared with N447 billion recorded in the preceding month.