Petrol price drop imminent as Dangote slashes ex-depot cost –

The pump price of petrol is expected to drop below N900 per litre as the Dangote refinery reduces the ex-depot price of the product from N850 to N820 per litre on Tuesday. A statement signed by the Dangote Group Chief Branding and Communications Officer, Anthony Chiejina, disclosed the price cut on Tuesday. “Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, commonly referred to as petrol, by N30 from N850 to N820 per litre, effective from 12th August 2025…..(Read More)

Market gains N111bn as insurance equities surge –

The Nigerian equities market recorded a gain of N111bn on Tuesday, buoyed mainly by performances in the insurance sector. The Nigerian Exchange All-Share Index inched up by 175.10 points, or 0.12 per cent, closing at 146,055.87. This marked a one-week gain of 0.87 per cent and a year-to-date increase of 41.9 per cent. The current market capitalisation of the NGX stands at N92.4tn. A total of 77.2 million shares were traded in 31,146 deals, with a market turnover of N24.22bn………(Read More)

First Securities Brokers leads NGX Trading in July with N414.46bn –

First Securities Brokers Limited, the stockbroking subsidiary of First Holdco Plc, has emerged as the top performer in the Nigerian Exchange’s (NGX) Broker Performance Report for July 2025, ranking first in both trading volume and transaction value. The firm recorded a trading value of N414.46billion, representing 22.8% of the NGX’s total trading value during the month under review. This shows the company’s growing influence and competitive edge in Nigeria’s capital and equities market and this performance highlights the effectiveness of the integrated model promoted by First Holdco Plc…..(Read More)

Nigeria surpasses OPEC’s target for second consecutive month –

Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (bpd) in July 2025. According to the Organization of the Petroleum Exporting Countries’ (OPEC) latest Monthly Oil Market Report. This means that the country surpassed OPEC’s target for the second month in a row. The report said the production figures were obtained through direct communication with Nigerian authorities. OPEC typically sources its crude oil output data from two channels: direct communication with member countries and secondary sources such as energy intelligence platforms…..(Read More)

ABC Transport posts N465.5m H1 profit –

ABC Transport Plc has recorded a profit after tax of N465.5m in the first half of 2025, a turnaround from the N191.5m loss reported in the same period last year. In its half-year financial statements filed on the Nigerian Exchange Limited recently, the company’s revenue rose sharply to N7.7bn in the six months ended June 30, 2025, up by 52 per cent from N5.1bn recorded in the corresponding period of 2024. Gross profit increased by 55 per cent to N1.8bn….…(Read More)

Trump says he’ll know if Putin wants a peace deal with Ukraine in their meeting –

US President Donald Trump said Monday that he expected to determine, moments into his meeting with Russian leader Vladimir Putin in Alaska this Friday, whether it would be possible to work out a deal to end the war in Ukraine. Speaking at a White House press briefing, Trump said, “At the end of that meeting, probably the first two minutes, I’ll know exactly whether or not a deal can be made”. He said he thought Friday’s sitdown with Putin in Alaska would be “really a feel-out meeting,” adding that “it’ll be good, but it might be bad”……(Read More)