Geophysicists have warned that Nigeria could become more dependent on imported minerals if strategic domestic deposits are not conserved. They called for a national mineral conservation policy, raising a regulatory and resource-management issue relevant to the operating environment for Nigeria’s natural-resources sector.
The Federal Government plans to remobilise stalled exploration activities at the Kolmani Oil Field in Bauchi State. The development relates to Nigeria’s oil and gas sector and could be relevant to investors tracking sector activity, although no specific listed company is identified in the report.
The Federal Government has started demolishing the ageing Carter Bridge in Lagos as part of a N548.98bn replacement project. The infrastructure investment is relevant to NGX users because it may affect activity and demand across listed construction, engineering and building-materials companies.
The Nigerian equities market began the week lower as renewed sell-offs and negative investor sentiment reduced market capitalisation by N137 billion. The All-Share Index fell by 265.99 points, or 0.11 per cent, to close at 239,085.17 points, while market capitalisation stood at N154.397 trillion.
Energy experts support Atiku’s proposal to review petrol subsidies and urge the Federal Government to introduce targeted measures to reduce the economic strain associated with subsidy removal. The policy discussion is relevant to Nigerian equities because fuel pricing and subsidy decisions can affect operating costs, inflation and consumer purchasing power.
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