Author: Marketforces Africa

DPR Pledges Support for 1st Floating LNG Production Plant Project The Department of Petroleum Resources (DPR) has pledged support to the hitch-free completion of Nigeria’s first floating Liquefied Natural Gas (LNG) production plant. Mr Sarki Auwalu, Director, DPR gave the assurance at the online contract signing of an agreement by an indigenous oil and gas company, UTM Offshore Limited and its partners on the project on Tuesday. The pre-front end engineering design (Pre-Feed) agreement was signed between UTM and JGC Corporation (UK) Limited. UTM also signed a contract with KBR Engineering Company for the third-party review of the Pre-Feed deliverables…

Nigeria’s equities market maintains uptrend Tuesday as investors gain N36.6 billion

FMDQ Securities Exchange Ltd., has approved the listing of FSDH Funding Special

Oil prices plunge on Tuesday over low global demand for crude as the United States (U.S)

Global oil demand is expected to increase by around 6% to an average of 96.5 million

The recovery of sub-Saharan African sovereigns from the pandemic shock last year is underway

The federal government (FG) has reintroduced the restriction on mass gatherings

Stock market loss moderated on Monday as investors gain N59.4 billion on price

SEC to Stop Unregistered Capital Market Operators from Business May 31 The Securities and Exchange Commission (SEC) says it will stop operations of the Capital Market Operators (CMOs) that are yet to renew their registration by May 31, 2021 The commission disclosed this in a circular signed by the management, and posted on its website on Monday. According to the circular, capital market operators that are yet to renew their registration at the expiration of late filing on May 31, would not be eligible to operate in the capital market. Consequently, the commission said that late filing for renewal of…

After a landmark achievement for processing $3.2 billion transactions, Quidax