Bet business made millions of Dollars for Drake, a Canadian rapper in the United States, after Alex Pereira lost to Nigerian kickboxer, Israel Adesanya, in their...
On Saturday, Air Peace’s flight from Asaba, Delta State, was affected by a bird strike as the aircraft landed in Abuja, its final destination. This was...
Sterling Bank has delisted its shares from the Nigerian Exchange Limited (NGX), transferring the shares to Sterling Financial Holdings Company, which has now been listed on...
The House of Representatives has voted on a motion to investigate the usage of the universal service provision fund (USPF), a fund that comprises 2.5% of...
In the first quarter (Q1) of 2023, stock market investors snubbed Airtel Africa for its market rival, MTN Nigeria, as the telecommunications company battled for Domestic...
KPMG Nigeria has stated that the decline in foreign capital importation into Nigeria could lead to further devaluation of the Naira. The professional firm offering Audit,...
The Nigerian stock market continued its downswing on Thursday, as the equity capitalisation lost N13.53 billion to sell off in Sterling Bank, Eterna, and others. According...
The Federal High Court in Lagos has set aside the ex parte interim order made against Seplat Energy’s Chief Executive Officer, Roger Brown. Ripples Nigeria had...
MTN Nigeria, on Thursday, said it had reduced its share price to N232.68 in a bid to persuade shareholders to waive dividend payments for its Scrip...
BUA Foods, owned by billionaire, Rabiu Abdulsamad, was forced to cut production of its revenue-driven products, sugar, flour and pasta in 2022. In an explanatory note...
The Director-General of the Debt Management Office (DMO), Patience Oniha, said the Federal Government is obtaining loans and issuing promissory notes despite not having revenue to...
The equity capitalisation of the Nigerian stock exchange depreciated by –1.88 per cent on Wednesday, losing N553.70 billion. Consequently, the Nigerian bourse’s capitalisation nosedived to N28.88...
Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group has reported a profit before tax (PBT) of N4.5 billion, representing a 172 percent rise year-on-year, compared...
The Senate, on Tuesday, approved a new Chinese bank, China Development Bank, to fund the Kaduna-Kano railway project after China Exim Bank withdrew its financial support....
Social media firm, TikTok, has been fined £12.7 million by the United Kingdom data watchdog, Information Commissioner’s Office (ICO). The regulator, on Tuesday, fined TikTok for...
Delay in renewal of work permits for Air Peace’s pilots has disrupted the operations of the domestic airlines, leading to rescheduling of flights for three days....
Nigerian bourse reported a N81.14 billion loss in the stock market capitalisation on Tuesday, closing at N29.43 trillion, below the N29.51 trillion recorded on Monday. Also,...
Over $300 million has been invested in Access Bank by its parent company, Access Holdings, to further strengthen the lender amid a series of acquisitions by...
On Monday, Elon Musk, the owner and Chief Executive Officer of Twitter, changed the logo of the social media platform to a logo of the Shiba...
Macroeconomic intelligence provider, FocusEconomics, has disclosed in its April 2023 Consensus Forecast report that Nigeria faces a fiscal risk due to various government policies. The report...
Two Federal Government of Nigeria (FGN) savings bonds have been issued by the Debt Management Office (DMO), with the subscription period falling between April 3, and...
Trading on Sterling Bank shares has been suspended by the capital market authority, Nigerian Exchange Limited (NGX), as the lender restructures its operation. In a document...
The stock market capitalisation depreciated by –0.08 per cent on Monday, representing a loss of N26.14 billion, as it dropped from N29.54 trillion to N29.51 trillion....
Stocks to watch list this week are Oando, Prestige and First Bank. The companies made the list following operational and stock market activities last week. Ripples...
On the trading floor, a total turnover of 2.071 billion shares exchanged investors’ hands between Monday and Friday last week in 17,917 deals worth N17.562 billion....
The minister of aviation, Hadi Sirika, has revealed that the ongoing repair work at runway 18R at the Murtala Muhammed International Airport (MMIA) in Lagos, would...
First Bank of Nigeria (FBN) and Union Bank of Nigeria have delayed the release of their Audited Financial Statements for the period ending December 31, 2022....
The chief economist of KPMG Nigeria, Oyeyemi Kale, said Nigeria’s ability to repay its N46.25 trillion loan is poor due to low revenue generation. Kale, in...
The Nigerian stock market reported a –0.33 per cent decline in equity capitalisation on Friday, resulting in N98.52 billion loss. Consequently, the market capitalisation tumbled to...
The World Bank has announced that Indian-American business executive, Ajay Banga, will be appointed to replace David Malpass, the President of the global financial institution. Banga,...
First Bank has denied allegation of forgery filed against the company by the Federal Government after one of its managers allegedly colluded to dispose a school...
The United Bank for Africa (UBA) reported 43.4 per cent growth in its profit after tax for the financial period of 2022, with its electronic banking...
Sterling Bank has banned the company’s directors and other individuals with access to sensitive materials relating to the firm’s financials from trading its shares. The financial...
Transnational Corporation (Transcorp) Plc’s has disclosed that its operating profit grew by N11.64 billion or 21.25 per cent, as it closed last year with N66.42 billion....
On Wednesday, the Lagos State University (LASU) announced that the school authorities would ban sale of bread in the school premises to give way for the...
Nigerian bourse ended trading with N250 billion gain on Wednesday after the market capitalisation recovered from previous day’s loss by appreciating 0.90 per cent. The stock...
The Chief Executive Officer of Oando Plc, Wale Tinubu, has stated that increase in militant activities and sabotage in Niger Delta dragged hydrocarbon production down in...
Payday, a financial technology company founded by Favour Ori, has secured $3 million in a seed round to fund its expansion into the United Kingdom and...
Billionaire and chairman of Geregu Power, Femi Otedola, has ridiculed past and present Nigerian governments for failing to increase Nigeria’s power generating capacity. Otedola said since...
Some investors in Nigerian stock market lost N341.09 billion on Tuesday after the equity capitalisation depreciated from Monday’s N29.28 trillion. The loss dragged the market capitalisation...
The Minister of Labour and Employment, Chris Ngige, has disclosed on Tuesday that the palliative measures for the removal of fuel subsidy will be determined by...
United Capital, led by Peter Ashade, faces an operational risk as the asset management and securities trading company is dragged into lawsuits that could lead to...
Cadbury Nigeria reported its total turnover for the financial year of 2022 grew by 30.3 per cent, with profit after tax following closely after growing by...
Nigerian stock market capitalisation plunged by –2.08 per cent on Monday, closing down at N29.28 trillion. This wiped off N621.99 billion from the Nigerian bourse’s total...
The Chief Executive Officer of Stanbic IBTC Holdings Plc, Demola Sogunle, has increased his stake in the Deposit Money Bank (DMB). Sogunle acquired 1.52 million shares...
The Presidential Enabling Business Environment Council (PEBEC) has named the state with the friendliest environment for business in Nigeria. PEBEC was created by President Muhammadu Buhari...
Unilever Nigeria, Seplat and Access Bank made it into the stocks to watch list this week due to various reasons that are not capital market related....
The Nigerian stock market reported investors exchanged 1.689 billion shares in 14,019 deals between Monday to Friday this week, at a value of N11.066 billion. Ripples...
Unilever Nigeria Plc will discontinue the production of OMO, Sunlight and Lux, as the company reviews its business model. The manufacturer says it will exit two...
Sell-off in International Breweries, Transcorp, and others pulled down the equity capitalization in the Nigerian capital market by –0.05 percent at the close of trading on...