oilandgas

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    Oil & Gas Sector Drags NGX Down in H1 2025

    Oil & Gas Sector Drags NGX Down in H1 2025 Here’s a breakdown of the story: Sector Under Pressure The NGX Oil & Gas Index dropped 10.12% in the first half of 2025, making it the only major index to decline while the All‑Share Index gained a strong 16.57% over the same period . Performance...
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    Oil & Gas Boom: NGX Index Leads with 157.56% YtD Growth

    Oil & Gas Boom: NGX Index Leads with 157.56% YtD Growth The Oil & Gas sector has emerged as the best-performing index on the Nigerian Exchange (NGX) in 2024, outpacing other sectors like Banking and Consumer Goods. The sector’s performance has been fueled by significant federal government...
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    OVH ACQUISITION: CAC DISSOLVES NNPC RETAIL, NUEOIL

    OVH ACQUISITION: CAC DISSOLVES NNPC RETAIL, NUEOIL 1. Dissolution by CAC: - The Corporate Affairs Commission (CAC) dissolved NNPC Retail and Nueoil Energy following their acquisition by OVH Energy Marketing Limited. NNPC Retail, incorporated on 21 June 2009, and Nueoil Energy, incorporated...
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    FEDERAL HIGH COURT HALTS OANDO "GO PRIVATE" SCHEME

    FEDERAL HIGH COURT HALTS OANDO "GO PRIVATE" SCHEME The Federal High Court, presided over by Hon. Justice Aneke, has ruled on an application by five aggrieved shareholders of Oando Plc in *Suit No. FHC/CP/494/2021: Venus Construction Co Ltd & 13 Ors vs. Ocean & Oil Development Partner Ltd &...
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