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MRS OIL NIGERIA - NEWS
For the sixth consecutive trading day, the NGX has closed in the bullish zone, as the All-Share Index appreciated by 2.04% to close at 91,896.97 points, up by 1,833.72 from yesterday’s 90,063.25 points.
Standing out prominently among the sectors, the oil and gas index exhibited exceptional performance, recording an impressive surge of 125% over the year to emerge as the best-performing index of the year.
The Major Oil Marketers Association of Nigeria (MOMAN) comprising its seven members has met with enrolled with the Dangote Petroleum Refinery to purchase and distribute refined petroleum products from the refinery.
Seplat Energy Plc, says its ANOH gas plant installation works reached mechanical completion on Dec. 29, 2023, in line with revised timetable.
Closing out 2023, the Nigerian Exchange Limited (NGX) equity markets celebrated a resounding triumph, propelled by a resurgence in investor confidence in listed companies.
As trading closed for the year in the NGX, the market shifted to new frontiers, the All-Share Index hit an all-time high of 74,773.77 points, while the market capitalization fell short of N41 trillion, closing at N40.92 trillion.
While new listings in the NGX contributed about N179 billion in 2023, delisted companies have withdrawn over N224 billion from the NGX’s market cap.
With a current year-to-date return of 41%, the Nigerian Exchange in 2023 is on track to exceed its last year’s performance.
The Federal Government has revealed that it is working toward increasing the country’s current production level of coconut from 224,186 metric tonnes (MT) to 500,000 MT by 2025.
The APPEALS project comprises 15 Aggregation and Cottage Processing Centres for cashew, rice and poultry production and 10 energy installations spread across the state.
The Kwara state government has earmarked N200 million for the provision of toilets and other essential utilities aimed at discouraging open defecation.
Total Energies Marketing Plc witnessed a 1.22% decline in pre-tax profit in 2022, contrasting with its 5-year Compound Annual Growth Rate (CAGR) of +15.15%.