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Oil prices increased as Saudi Arabia and Russia tightened supply with voluntary production cuts. ICE Brent price rose 0.86% on Monday to $85.62 per barrel from the closing price of $84.89 a barrel in the previous trading session on Friday.

Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices.

Equities market capitalisation of the Nigerian Exchange (NGX) jumped to about N38.6 trillion on Friday due to renewed interest in growth, and value stocks listed in the bourse.