Oando Plc, an indigenous energy company, at the weekend announced a successful $550 million participation in the Project Gazelle financing deal, raising the total disbursed amount to $925 million in the deal sponsored by the Nigerian National Petroleum Company Limited (NNPCL).
Indigenous oil company, Oando Plc, has announced that it contributed $550m to the $925m disbursed to the Federal Government by the African Export-Import Bank under the $3.3bn crude oil-backed finance facility sponsored by the Nigerian National Petroleum Company Limited.
The Nigerian Exchange Ltd. (NGX) recorded a negative performance on Thursday, with a loss of N84 billion in market capitalisation. Specifically, the market capitalisation lost N84 billion to close at N56.079 trillion, representing 0.15 per cent when compared to N56.163 trillion posted on Wednesday. Consequently, the All-Share Index lost 0.15 per cent or 150 points
Sell-offs in Tier-one banking stocks on Tuesday extended losses on the Nigerian Exchange Ltd. (NGX) stock market capitalisation by 0.07 per cent. Notably, investors lost N38 billion or 0.07 per cent, as the market capitalisation which opened at N56.069 trillion, closed at N56.031 trillion. The All-Share Index also closed 0.07 per cent or 68 points lower
Domestic equity market on Monday opened in a bearish run, declining by N103 billion. Market capitalisation of listed equities went down by 0.18 per cent to N56.069 trillion from N56.172 trillion it closed on Friday. The NGX All Share Index also depreciated by 181.52 basis points to 99118.86 point from…