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Seplat closed trading on April 14, 2026, at N10,450 per share, representing a staggering 80 per cent gain since January and adding approximately N2.9 trillion in market capitalisation in just four months.
The post ‘Elumelu effect’ drives Seplat to historic N10,000 – First NGX stock to cross barrier appeared first on Vanguard News.
By Obas Esiedesa The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day (mbpd) in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by […]
The post Nigeria’s daily oil production rises 4.2% to 1.54mbpd — NUPRC appeared first on Vanguard News.
By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has commenced moves to formally conclude the liquidation of 89 defunct Microfinance Banks, MFBs, and Primary Mortgage Banks, PMBs, whose operations were successfully transferred to new owners under its Purchase and Assumption, P&A, framework. In a statement signed by its Head of Communication and Public Affairs, Hawwau […]
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*Urges prudent use of oil windfall to rebuild buffers By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this […]
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•As CPPE cautions against monetary policy tightening By Yinka Kolawole & Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday, said the country’s headline inflation rate recorded the first increase in 12 months to 15.38 percent in March 2026 from 15.06 percent in February 2026. This indicates a halt in the downward trend recorded in the past […]
The post Nigeria’s inflation rate rise to 15.38% after 11 months decline appeared first on Vanguard News.
The Naira on yesterday appreciated to N1,393 per dollar in the parallel market from N1,403 per dollar on Tuesday.
The post Naira rises to N1,393/$ in parallel market appeared first on Vanguard News.