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NGX OIL/GAS INDEX
Capital Alliance Private Equity IV, a private equity fund sponsored by African Capital Alliance Limited, has sold 691,958,007 units of Aradel Holdings Plc worth N387.1 billion.
The oil and gas sector has been the worst performer so far in 2025, with the index down over 10% in just six months.
Total Nigeria closed above N500 in the stock market on August 19, 2024, maintaining a strong buy-side trend that began in June.
Oil and gas as well as banking stocks were some of the biggest losers in the Nigerian Exchange (NGX) during the week ending May 18, 2024.