Access Holdings Plc, the parent company of Access Bank, has announced that the lender received regulatory approval to acquire African Banking Corporation Zambia Limited (Atlas Mara...
The Bank of England has also stated that the failure of Silicon Valley Bank (SVB) in United Kingdom won’t lead to the collapse of the country’s...
The Nigerian National Petroleum Company (NNPC) Limited said fuel subsidy is behind the rising poverty rate in Nigeria, where 133 million citizens are multidimensionally poor. According...
The Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Garba-Deen Mohammad, has said the oil firm expects to surpass its 2021 net...
The Nigerian capital market closed trading with N29.920 trillion on Thursday. The figure was N29.9 billion lower than the N29.927 trillion posted by the bourse on...
Seplat Energy has sued its co-founder, A.B.C Orjiako, and his firm, Amaze Limited, for breaching its operational guidelines. Amaze Limited served as a consultant for Seplat...
The former Deputy Governor of the Central Bank of Nigeria (CBN, Kingsley Moghalu, has stated that the cashless policy wasn’t initiated to criminalise cash transaction. Moghalu...
The Central Bank of Nigeria (CBN) has concluded plans to start disbursing the old Naira notes to Deposit Money Banks (DMBs) after the Nigerian Labour Congress...
Dangote Cement shareholders will be paid N340 billion in April 2023 as their dividends for investing in the company’s shares for the period of 2022. The...
Unilever Nigeria has appointed Abidemi Ademola as one of its Executive Directors. The appointment came a few days after the company announced its exit from the...
The equity capitalization in the Nigerian capital market rose by 0.05 percent following the high demands for WAPIC, Guaranty Trust Holding Company (GTCO), and other equities’...
On Tuesday, the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate to 18 per cent, up from 17.5 per cent, a decision that surprised...
The Nigerian capital market ended trading with N29.9 trillion equity capitalization on Tuesday. This showed a 0.03 percent or N10.15 billion rise in the capital market...
The Economic and Financial Crimes Commission (EFCC) has responded to a report that its operatives arrested four top officials of the Nigerian aviation regulator, Nigeria Civil...
The Nigeria Exchange Limited (NGX), capital market authority, has fined Ecobank Transnational Incorporated, PZ Cussons, and two other companies for failing to meet listing rules of...
Afromedia has been hit with a court order that has affected the release of their Audited Financial Statements for the year ended December 31, 2022. The...
Investors in the Nigerian capital market lost N15.9 billion following the dip in equity capitalization at the close of trading on Monday. The market capitalization crashed...
Unilever Nigeria has concluded plans to exit the Home Care and Skin Cleansing market by selling its business segment. In a statement sent to Ripples Nigeria...
The political tension in Adamawa has hit the roof, as a delay in the announcement of the winner in the gubernatorial election involving Senator Aishatu Ahmed...
Trading in the Nigerian stock market resumes on Monday, with MTN Nigeria, FCMB and Nigerian Breweries making the list of stocks to watch. Ripples Nigeria stocks...
As Nigerians battle with Naira scarcity, the Central Bank of Nigeria (CBN) continues to mop up currency in circulation, leaving the economy with N982.09 billion, according...
On Sunday, the founder of Stanbic IBTC, Atedo Peterside, criticised the former Minister of Transportation, Rotimi Amaechi, over his outburst regarding the governorship and the State...
Atiku Abubakar, the former Vice President of Nigeria, has said the incompetence of the Independent National Electoral Commission (INEC) caused low voter turnout in Adamawa State....
Mobile telecommunication giant, MTN Nigeria, has proposed a new dividend plan to its shareholders. In the new arrangement, the company is expected to substitute shares for...
MTN Nigeria has proposed to merge its payment firm, Momo Payment Service Bank Limited and its digital arm, Yello Digital Financial Services Limited (YDFS). This was...
The proposed concession of Nigeria’s international airports has led to a court battle between aviation unions and the Minister of Aviation, Hadi Sirika, as well as...
FCMB Group lends N20.68 billion from the bond market to finance corporates, other financial institutions, Trustees and high net-worth individuals. The fund, raised under FCMB’s N300,000,000,000...
The equity capitalization in the Nigerian capital market crashed to N29.91 trillion at the close of trading on Thursday. The figure was –1.03 percent or N313.01...
Switzerland lender, Credit Suisse, has disclosed its intention to borrow 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank amid global fear of a...
Fear of Credit Suisse going under has gripped the Swiss capital market after its majority shareholder, Saudi National Bank (SNB), said it could no longer provide...
Eroton Exploration and Production Company Limited has sued Sahara and the Nigerian National Petroleum Company (NNPC) Limited. Eroton filed a lawsuit against Sahara and NNPC over...
The equity capitalization in the Nigerian capital market crashed by-0.41 percent at the close of trading on Wednesday. This represented a N126.76 billion dip in the...
The Ghanaian government has removed fuel subsidy in a bid to stabilise its downstream sector and reduce funding pressure on authorities. This was revealed on Wednesday...
Nigerian Breweries have been slammed with various lawsuits that could cost the firm 17.9 per cent of its net profit, Ripples Nigeria has learnt. It was...
The chief economist, KPMG Nigeria, Oyeyemi Kale, has projected that the Central Bank of Nigeria’s (CBN) Naira redesign policy will drag Nigeria’s Gross Domestic Product (GDP)...
Investors in the Nigerian capital market lost N35.66 billion at the close of trading on Tuesday. This followed the crash in equity capitalization from N30.39 trillion...
The Central Bank of Nigeria (CBN) has delayed approving the component audit of a material subsidiary company of Ecobank Transnational Incorporated (ETI). This has forced Ecobank...
Hongkong and Shanghai Banking Corporation Limited (HSBC) has acquired Silicon Valley Bank’s UK operations after the U.S. parent company declared bankruptcy. HSBC, a small business lender...
The completion of Seplat Energy’s ANOH gas processing plant is being delayed by NNPC Gas Infrastructure Limited (NGIC), with production pushed to the fourth quarter (Q4)...
Dangote Cement, BUA Cement and Lafarge Cement have announced the payment of dividends to their shareholders for 2022. A dividend is one of the gains enjoyed...
The stock market capitalisation depreciated from N30.394 trillion to N30.391 trillion on Monday. This is a difference of N3.34 billion or -0.01 per cent. Also, the...
Two runways in the Murtala Mohammed International Airport (MMIA) have been shutdown by the Federal Airports Authority of Nigeria (FAAN). FAAN, in a post on Twitter...
The stocks to watch list this week includes Seplat, Dangote Cement and Bank stocks as the Nigerian stock exchange resumes for another trading week. Ripples Nigeria...
Saudi Arabia’s state-owned oil corporation, Aramco, generated $161.1 billion as net profit in 2022. The figure was 46 percent higher than the profit reported by Aramco...
At the end of trading last week, a total of 1.023 billion shares, worth N20.221 billion, exchanged investors’ hands in 18,650 deals. The value of shares...
The impact of Silicon Valley Bank’s liquidation has spread into the cryptocurrency industry as USD Coin (USDC), the second most valuable Stablecoin, hit an all-time low...
One of the biggest banks in the United States, Silicon Valley Bank, has commenced talks with prospective buyers. This came just as US regulators ordered the...
Investment in the Nigerian bourse lost N14.61 billion or depreciated by -0.04 per cent on Friday, as the stock market capitalisation fell to N30.39 trillion, from...
Seplat Energy has announced that its Chief Executive Officer, Roger Brown, will be stepping aside temporarily from his role for Samson Ezugworie, the Chief Operating Officer...
The lawyers defending the founder of Futures Exchange (FTX), Sam Bankman-Fried, have hinted that the trial of the former billionaire might be delayed due to access...