Companies operating in the Nigerian oil and gas sector have dominated trading activities in the capital market in the last week as investors mop up oil shares amid President Bola Tinubu’s reform in the sector.
Tinubu had in his inaugural address on May 29 announced the removal of fuel subsidy, a move that would allow marketers to charge market-reflective costs for the products in the country.
Before the announcement, companies largely relied on regulated fuel prices announced by the Nigerian National Petroleum Company (NNPC) Limited.
