At least one in 35 Nigerian graduates are unemployed in Nigeria, the National Bureau of Statistics (NBS) has revealed in its Labor Force Statistics released on...
Unemployment rate rose to 33.3 percent in the fourth quarter of 2020, a 6.2% point increase compared to 27.1% recorded as at second quarter 2020 the National Bureau of Statistics (NBS) said in its labour statistics...
The National Pension Commission has revealed that of the 9.2 million retirement savings account in the country, 38 percent which is about 3.5 million were empty...
The Department of Petroleum Resources (DPR) granted licences to 14 private investors to build refineries in the country last year. The agency disclosed this in its...
On Friday, Nigerians woke up to the news that the price of petrol in the country has been increased to N212.61 per litre. The increment was...
Naira on Thursday gained against the dollar at the Investors & Exporters (I&E) window of the foreign exchange market to close at N409 to the dollar...
The Central bank of Nigeria (CBN) has revealed, that Nigeria paid off $5.76 billion as external debt service from January to December in 2020, this is...
Nigeria’s spend on importation of arms and ammunition has increased 2,475 percent to 57.9 billion from the N233.3 million spent in 2017. This was contained in...
On Saturday, the Central Bank of Nigeria (CBN) took to its website to announce the introduction of the CBN’s “Naira 4 Dollar Scheme” for Diaspora Remittances...
Despite millions of Nigerians groaning in darkness, a total of 1,671.61 megawatts (mw) meant for electricity consumers were unutilised by distribution companies (Discos) between 4th January...
Banking sector’s credit to the private sector rose by N 409.18 billion or 1.35 per cent to N30.55 trillion as of January 2021, compared to the...
For a Nigerian to break into the one percent population of the wealthy, it will now take a net worth of $70,000 (N28.7 million), according to...
Kidnapping has become somewhat an extraordinarily lucrative enterprise in Nigeria. Between January and February, kidnappers abducted over 897 persons across the country, demanding over N451 million....
The latest kidnap of over 300 schoolgirls at Government Girls Secondary School, Jangebe in Zamfara State on Friday has pushed the number of students kidnapped in...
Despite the current crippling nature of the Nigerian economy, the citizens spent more money on beer last year, Ripples Nigeria reports. The analysis of financial statements...
The Debt Management Office (DMO) has disclosed that more than $5.83bn foreign loans that have been approved are yet to be received as of December 31,...
The Federal Government paid N140.98 billion for “non-existing” projects in 2020, Ripples Nigeria reports. An analysis of data on the Open Treasury Portal revealed that the...
Despite the crushing impact of the COVID-19 pandemic on the Nigerian economy, mobile telecommunication subscribers in Nigeria spent about N4.82 trillion on airtime purchases in 2020,...
On Thursday, the National Bureau of Statistics (NBS) released Nigeria’s Gross Domestic report to show how the economy had fared in 2020. While some sectors recorded...
The Central Bank of Nigeria (CBN) in the first half ended June 2020, injected a cumulative sum of $10.31 billion to cushion demand pressures and ensure...
Between January and September 2020, 11 banks listed on the Nigerian Stock Exchange (NSE) generated a total of N42.8billion or N4.7 billion monthly, from account maintenance...
No fewer than 802 students have been abducted across the country in the last nine years, a Ripples Nigeria compilation of reports on attacks on schools...
Life is getting tougher for Nigerians, and for a breadwinner on N30,000 minimum wage, the hardship is clearly tougher. On Tuesday, Inflation hit 16.47 percent, the...
On the back of rising electronic transactions, bank customers recorded a loss of N5.02 billion between January and September 2020 in 41,979 fraud-related incidences representing 91...
The Central Bank of Nigeria (CBN) on Sunday published its long awaited economic report for November of 2020; Here are Ripples Nigeria picks on key economic...
Nigeria, Africa’s largest economy, had last year incurred an additional N14.5 trillion debt. This followed the decision of the Central Bank of Nigeria to convert the...
In 2020, the total amount shared from the Federation Account Allocation Committee (FAAC) to the three tiers of government and revenue collecting agencies were N7.33 trillion,...
Business outlets are counting their losses as Nigerians dim the lights on this year’s Valentine’s Day celebration, a day set aside for lovers across the world...
The Debt Management Office (DMO) said on Wednesday the Federal Government planned to increase its concessionary long-term loans from home and abroad to finance budget deficits...
Nigeria recorded the lowest Diaspora remittances for the first time since 2013 as COVID-19 affected the income of Nigerians living abroad. According to Central Bank of...
Nigeria’s Naira is one of Africa’s low-performing currencies so far in 2021 after dropping 2.85 percent of its value against the United States dollar in the...
The National Pension Commission (PenCom) says the total assets under the contributory pension scheme (CPS) rose by N2.1trillion to N12.3 trillion from N10.2 trillion as of...
Sustaining Federal Government workforce has cost the country over N25 trillion in 11 years according to data from the budget office analysed by Ripples Nigeria. Although...
From 2015 to 2020, the Federal government of Nigeria under the administration of President Muhammadu Buhari accumulated over N22.52 trillion in fiscal deficits. This is according...
Nigeria’s three refineries under the management of the Nigerian National Petroleum Corporation (NNPC) have not made any profit or produce a drop of fuel since October...
Nigeria made about N14.43 trillion from Value Added Tax (VAT) and Company Income Tax (CIT) in six years from 2015-2020, an analysis of data published today...
Nigeria made about N14.43 trillion from Value Added Tax (VAT) and Company Income Tax (CIT) in six years from 2015-2020, an analysis of data published today...
Domestic investors outperformed foreign investors by N700.7 billion as total domestic transaction in Nigeria equity market rose to N1.43 trillion in 2020 as more Nigerians channel...
Securing an apartment for rent in Nigeria is more expensive than any other country in Africa except for Seychelles, according to data by global data service...
The Federal Government is to pay the sum of N71.15 billion as counterpart funding for six rail projects that will connect all regions of the country...
A review of 2021 approved budget indicates that Nigeria may be spending just a little over N200 for the healthcare of each citizen. At a time...
Nigeria’s exports to trade partners across the world in the first eight months of 2020 stood at N9.30 trillion, figures from the Nigeria Office for Trade...
The presidency will spend a total sum of N4.5billion on allowances and travels this year. While the administration has set aside N1.30billion for honoraria and sitting...
Over 26,458 Nigerians who lost their jobs and could not get another after four months withdrew N14.97bn from their Retirement Savings Accounts in the first eight...
In 2020, Nigeria spent N3.2 trillion paying its debt. The Minister for Finance, Zainab Ahmed disclosed this during a public presentation of the 2021 FGN approved...
To say Nigeria’s National Assembly is expensive is no news, but the disparity to the harsh reality of over 200 million Nigerians is quite baffling. In...
President Muhammadu Buhari will on Friday make a New Year broadcast to Nigerians. The Senior Special Assistant on Media and Publicity, to the president, Garba Shehu,...
The 2021 federal budget passed by the National Assembly has been signed into law by President Muhammadu Buhari. President Buhari signed the Appropriation Bill of N13,588,027,886,175...
Even with a consistent decline in the last three years, Nigeria’s non-performing loans ratio is still one of the highest among peers in Africa at 10th...
The United Kingdom Metropolitan Police has declared a 25-year-old Nigerian man, Oluwamayowa Akinola, wanted after tracing various cases of assault and bodily harms to him. A...