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MRS OIL NIGERIA - NEWS
Ms. Olu Verheijen, the Special Adviser to President Tinubu on Energy has unveiled groundbreaking initiatives to boost oil and gas investments. She has also secured $13 billion worth of energy investments.
Seplat/NNPC E&P organized STEP, where more than 350 teachers from Edo and Delta States were equipped with valuable training.
Despite the optimistic stance of the Crude Oil Refinery Owners Association of Nigeria (CORAN) regarding the current landscape for investing in modular refineries, emerging signals suggest that pouring more money into this fuel energy sub-sector might be a gamble.
In a strategic move aimed at further bolstering Nigeria's financial stability, President Bola Tinubu has nominated Dr. Olayemi Michael Cardoso to assume the role of Governor for the Central Bank of Nigeria (CBN).
The NGX closed in positive territory at the end of Friday’s trading session as Investors ended a volatile week with positive sentiments.
In the context of the effect on specific sectors, the oil and gas sector still recorded growth amidst the impact of these policies as reflected in their profit before tax, share price YtD gains, and the overall performance of the sector index.
Just three months following the "subsidy has been removed" directive and the unification of the exchange rate, businesses, sectors, industries, and the Nigerian populace have been actively grappling with the consequences and challenges that have arisen.
The Federal Government said it has donated free 50,000 doses of Anthrax vaccines to the Lagos State Government to curtail the spread of anthrax disease.
The Nigerian Stock Exchange (NSE) witnessed a month of growth in July 2023, with the Nigerian Stock Exchange All-Share Index (NGX-ASI) recording a notable 5.53% gain.
The Nigerian Exchange (NGX) closed bullish as the All-Share Index appreciated by 2.98% to close at 60,968.27 in the week ended 30th June 2023.
The Nigeria Exchange has recorded a remarkable bullish run since President Bola Tinubu assumed office on May 29, 2023.
Conoil's share price has experienced a remarkable surge, reaching a new 5-year high and surpassing the previous highest price.