Specifically, the Nigerian Exchange Ltd market capitalisation declined by N659 billion or 1.01 per cent, falling to N65.488 trillion from N66.147 trillion recorded on Friday.
The minister noted Oando’s proposal aligned with the government’s goals of reducing the state’s burden.
If funds and capital were the most crucial factors to be considered for Petrotrin’s acquisition, Oando Plc seemed to have a solid shot at landing the deal.
Specifically, the market capitalisation closed at N56.615 trillion, having lost N267 billion.
Peoples Gazette reported how the Tinubus discussed Oando’s takeover of Eni’s Nigerian assets in exchange for Eni’s repossession of Nigeria’s lucrative OPL 245 oil field with
The All-Share Index also fell 0.16, or 163 points, to settle at 99,630.51, compared to 99,793.71 recorded on Monday.
“However, investors are advised to trade in stocks of companies with sound fundamentals,” the analysts added.
According to him, the company’s turnover stood at N477.1 billion in 2020 and grew to N803.5 billion in the same period in 2021.
The cargo was certified by the NMDPRA. Also, there was a joint inspection before the discharge, and the specification provided in the contract with NNPC met the Nigerian specification.
A total of 2.40 billion units valued at N16.47 billion were exchanged by investors in 4,811 deals.
