The Federation Accounts Allocation Committee (FAAC) has distributed N760.717 billion to the three tiers of government as federation allocation for July. This was revealed in a...
Every second, Google processes about 40 000 search inquiries. This equates to about a billion searches per day and 1.2 trillion searches per year globally. Google...
The Nigeria Petroleum Development Company, a subsidiary of Nigeria National Petroleum Corporation (NNPC), has resumed oil production at Oil Mining License 11 (OML 11). The development...
Nigeria is in talks with the World Bank’s private lending arm and other lenders to raise about N12.3 billion ($30 million) to help finance the construction...
The Central Bank of Nigeria (CBN) has issued a strong warning to all microfinance banks to desist from engaging in activities beyond their operating limits or...
Nigerian National Petroleum Corporation (NNPC) has announced the board of its newly established subsidiary NNPC Greenfield Refinery Limited (NGRL) with a target to end importation of...
Qatar Investment Authority (QIA), through its affiliate, Qatar Holding LLC has concluded first closing of the minority investment in Airtel’s Africa mobile money business. With the...
On Thursday, the value of the Nigerian naira fell further against the US dollar, British pound, and euro, as black marketers continued to take advantage of...
The National Bureau of Statistics (NBS) said on Thursday the average price paid by consumers for Premium Motor Spirit (PMS) also known as petrol increased hit...
The National Bureau of Statistics (NBS) revealed on Thursday that Nigerians spent more on kerosene and cooking gas last month. The agency disclosed this in Price...
Analysing nearly 3,000 payments made by various Federal Government Ministries, Departments and Agencies (MDAs) over the previous six months (January 16 to June 20) has not...
Nigeria’s currency traded weaker against foreign currencies on Wednesday at the black market. According to Abokifx data, after trading on Wednesday, the Naira lost 0.39 percent...
In a bid to minimize the effects of severe weather on the citizens, the Nigerian Meteorological Agency (NiMet) on Wednesday reached an agreement with the United...
The Central Bank of Nigeria (CBN) has unveiled guidelines stipulating minimum requirements for enhancing cyber-security in the financial sector. According to the CBN the move is...
The Naira appreciated marginally against the U.S dollar at the official market (Nafex window) after two days of losses. Data posted on the FMDQ Security Exchange...
On Tuesday, the Central Bank of Nigeria (CBN) obtained a court permission to freeze the bank accounts of several fintech businesses in order to investigate their...
Justice Ahmed Mohammed of the Federal High Court, Abuja, on Tuesday granted the Central Bank of Nigeria (CBN)’s request to block accounts of six fintech companies...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate dropped for the fourth consecutive month in July. According to the statistics body’s latest...
The Group Managing Director of the Nigerian National Petroleum Corporation Mele Kyari has disclosed that plans are already on the way to transit to a new...
Following the news of plans to trade dollars online, the naira gained its highest against the dollar in the official market in almost a month. According...
The Central Bank of Nigeria (CBN) has assured Nigerians that the economy will recover to the level it was before the administration of President Muhammadu Buhari...
One of world’s leading consulting firms, PricewaterhouseCoopers (PwC), has projected 93 percent rise in the Nigerian Entertainment and Media (E&M) industry’s revenue in the next four...
The Central Bank of Nigeria (CBN) and the bankers committee have announced plans to digitalize the sale of foreign exchange, which will greatly simplify the cumbersome...
Investors in the Nigerian stock market traded 570.20 million shares worth N2.28billion on the floor of the bourse on Thursday. This surpassed the 181.41 million shares...
The Central Bank of Nigeria (CBN) is expected to collect N13.5 billion as bank charges for the purchase of military equipment in the country. President Muhammadu...
The National Pension Commission (PenCom) has confirmed an increase in the country’s pension fund for the month of May. In the industry report posted on its...
Cinemas across the country recorded massive patronage from Nigerians in the first week of August. According to data from the Cinema Exhibitors Association of Nigeria (CEAN)...
The Central Bank of Nigeria (CBN) liquidity push to commercial banks has failed to keep the demand pressure away as Naira falls to N515/$ in the...
The Nigerian National Petroleum Corporation (NNPC) has reported a N473.3 billion operating loss on three idle refineries in Warri, Port Harcourt, and Kaduna in the last...
Companies doing business in Nigeria paid a total sum of N864.72 billion as company income taxes in the first half of the year. This was contained...
The Federal Government has set aside N4.87 billion for tracking of Whatsapp and telephone calls by security and intelligence agencies in the country. Ripples Nigeria analysis...
The National Bureau of Statistics (NBS) has disclosed that a total of N15 billion was generated from Value Added Tax(VAT) from breweries bottling and beverages in...
The Naira remained stable against the US Dollar on Monday in all areas of the foreign exchange (forex) market. Data from FMDQ Securities Exchange showed the...
Street currency traders began the new week selling U.S dollars to their customers at N510 to a U.S dollar, check by Ripples Nigeria have shown. Last...
The Nigerian National Petroleum Corporation (NNPC) has declared a N43.57 billion trade surplus for April 2021. This is a 23.64 percent increase over the N35.24 billion...
The move by the Central Bank of Nigeria (CBN) to stop the sale of dollars to Bureau De Change(BDC) operators made headlines in recent weeks. The...
Authorities of United Arab Emirates have approved a Visa free entry into the country for Ghanaians. The waiver allows holders of Ghanaian passports to stay in...
Forex market liquidity at the Investors’ & Exporters’ (I&E) window recorded a 6.64 percent drop in the month of July, data posted at the FMDQ Securities...
The Nigerian Navy will this week join their counterparts from Ghana and the U.S. for a three-day at sea training exercise. The training is part of...
The Federal Government has earmarked N4.1 billion for feeding of new recruits into the Nigeria Police Force for the remaining part of this year. The amount...
The pan Yoruba socio-cultural group, Afenifere, said on Saturday the excuse given by ex-military president, Ibrahim Babangida for annulling the June 12, 1993 presidential election was...
The Nigeria Customs Service said on Friday only the items imported by President Muhammadu Buhari are exempted from taxes and duties in the country. The Deputy...
The decision by President Muhammadu Buhari’s government to suspend Nigerians from accessing Twitter has so far cost the business in Nigeria at least N153.43bn. The ban...
The National Publicity Secretary of Irigwe Development Association (IDA) in Bassa Local Government Area of Plateau State, Davidson Malison, has disclosed that not less than 70...
The Nigerian government has approved the total sum of N81.3 billion for the procurement and distribution of Vaccines across the country. The amount was contained in...
Black market speculators were again forced to count their losses as Naira appreciated against the U.S dollar to N506/$ Wednesday at the parallel market. Some of...
The Federal government has announced eight successful winners from a pool of 38 bidders as transaction advisers for the sale of it’s $6.2 billion Eurobond. Eurobond...
Nigeria’s external reserves returned to growth in July gaining $123.3 million after months of consecutive declines. This is according to the latest figures obtained from the...
The Naira on Tuesday, again gained against the U.S dollar at the parrallel Market as it neared the level it was before the Central Bank of...
The International Monetary Fund (IMF) on Monday approved the allocation of $3.35 billion from the $650 billion Special Drawing Rights (SDRs) to Nigeria. The decision will...