Tag: #EconomicStability
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NIGERIA STOCK MARKET BOUNCES BACK AFTER SIX-DAY SLUMP WITH N94 BILLION GAINS
The Nigerian stock market showed signs of recovery on Tuesday, climbing by 0.10% and adding N94 billion to investors’ wealth after six consecutive bearish sessions. Driven by renewed interest in stocks including NCR Nigeria , Ikeja Hotel, Prestige Assurance, and Eunisell Interlinked, the market’s capitalization rose from N91.346 trillion to N91.440 trillion. The All-Share Index…
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NIGERIAN NAVY RESCUES 11 FROM SINKING BOAT, SHUTS MULTIPLE ILLEGAL REFINERIES IN RIVERS AND DELTA
The Nigerian Navy has demonstrated its commitment to maritime safety and the fight against crude oil theft by rescuing 11 passengers from a sinking speedboat on the Bonny River and dismantling several illegal refining sites in Rivers and Delta states. According to Commodore Ayiwuyor Adams-Aliu, Director of Naval Information, the rescue took place on Tuesday…
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NEC URGES NNPC TO BOOST SECURITY IN NIGER DELTA AS OIL THEFT FIGHT EXPANDS TO MINERALS
The National Economic Council (NEC) has called on the Nigerian National Petroleum Company Ltd (NNPCL) to strengthen security around all creeks in the Niger Delta to curb oil theft. Governor Hope Uzodinma of Imo, chairing the NEC Ad-hoc Committee on Crude Oil Theft Prevention, shared this after the council meeting chaired by Vice President Kashim…
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FG REAFFIRMS STEADY PETROLEUM SUPPLY, RESOLVES DANGOTE REFINERY ISSUES
Government assures no disruption as crude-for-naira deal and worker disputes at Dangote Refinery are settled. The Federal Government has reaffirmed its commitment to a steady supply of refined petroleum products following a review by the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative committee. Finance Minister Wale Edun confirmed the suspension of…
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NUPENG, PENGASSAN STRONGLY OPPOSE FG’S PLAN TO SELL JV OIL ASSETS, PIA AMENDMENTS
Unions warn selling stakes risks Nigeria’s oil future and economic stability. NUPENG and PENGASSAN condemn the Federal Government’s move to sell its Joint Venture oil assets, calling it a threat to NNPC Ltd. and Nigeria’s economy. They also reject changes to the Petroleum Industry Act that remove petroleum ministry’s control over NNPC. Leaders urge focus…
