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Nigerian Banks’ Stocks Fall By N141bn
According to data available on the Nigerian Exchange Limited, banking sector performance ended the year out of the loop as five banks saw their value downed by 5.5 per cent This is coming despite the Nigerian capital market closing the year on a bullish trend. The drop is from N2.57 trillion in 2021 to N2.43…
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Oil Production Hits 1.2mbpd In December
The Nigerian Upstream Petroleum Regulatory Commission has said that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022. This is the highest output since March when the country produced 1.237mbpd. Figures obtained from the commission showed that oil production increased from 1.185mbpd in November to 1.235mbpd in December. Crude…