The National Bureau of Statistics (NBS) has revealed that the South-East region of the country recorded the highest average retail price for Premium Motor Spirit (PMS)...
Billionaire and founder of Microstrategy, Micheal Saylor, had said cryptocurrency, Bitcoin (BTC) is now competing against a traditional asset, Gold. There has always been an argument...
This week’s stocks to watch list consist of Airtel Africa, Julius Berger and Fidelity Bank, as the stock market resumes its weekly activities. Ripples Nigeria stocks...
The Nigerian National Petroleum Company (NNPC) Limited has reopened the Satellites depots for operation. Oil marketers have been complaining that were being ripped off by private...
Hearing of the petition filed by Oando’s minority shareholders led by Venus Construction Company Limited has been delayed following the judge’s absence. The petition was brought...
Shareholders in the Nigerian capital market lost N386.2 billion in investment following the dip in equity capitalization by -1.30 percent on Friday. After five hours of...
Jumia has sacked 900 workers to save cost, resulting in a 20 per cent reduction in workforce, Ripples Nigeria gathered from the firm’s 2022 Fourth Quarter...
Alexander Adeyemi has quit his board director role at Transcorp Hotels Plc, five years after he was appointed as a Non-Executive Director. Due to undisclosed reasons,...
The nationwide broadcast by President Muhammadu Buhari has added to the confusion Nigerians are currently battling, regarding the legal status of the old N200, N500 and...
Julius Berger Nigeria has disclosed that it borrowed N30 billion in Nigeria’s fixed-income market through commercial paper issuance. In a corporate document obtained by Ripples Nigeria...
The Central Bank of Nigeria (CBN) has reacted to a document alleging the apex bank has fixed February 15 and 17 as deadline to deposit the...
The equity capitalization in the Nigerian capital market rose by 0.21 percent at the close of trading on Tuesday. This represented a N60 billion growth in...
The Naira redesign policy will result in an $18 million monthly loss in Nigeria’s gross domestic product (GDP), the Chief Executive Officer of the Financial Derivatives...
President Muhammadu Buhari has signed the business facilitation (miscellaneous provision) bill 2022 into law, the Presidential Enabling Business Environment Council (PEBEC) revealed on Monday. Buhari signed...
Over 110 data controllers and data processors are being probed by the Nigeria Data Protection Bureau (NDPB) for their data processing activities. The data bureau said...
The Nigerian capital market ended trading on Monday with a 0.06 percent rise in equity capitalization. This represented a N20.3 increase in the market capitalization from...
The Chartered Institute of Bankers of Nigeria (CIBN) has doused fears of any Nigerian Deposit Money Banks (DMB) collapsing due to the chaos from the Naira...
Investors are distancing themselves from Sterling Bank amid multiple accusations over their handling of the new Naira notes the Central Bank of Nigeria (CBN) handed to...
Four months ago, the Central Bank of Nigeria (CBN) announced that it was redesigning the N200, N500 and N1,000 notes, a move that shocked many Nigerians....
The Nigeria Employers’ Consultative Association (NECA) said the Naira redesign policy of the Central Bank of Nigeria (CBN) has resulted in favour of currency speculators and...
Ardova, FTN Cocoa and Ellah Lakes make the list of stocks to watch this week due to various reasons related to the stock market activities. Ripples...
Investors traded 944.293 million shares worth N22.710 billion in 18,615 deals this past week on the floor of the Nigerian Stock Exchange. This was below the...
The Central Bank of Nigeria (CBN) has updated the list of actions that constitute an abuse of the naira notes. In a post on its Twitter...
The presidential candidate of the New Nigeria Peoples Party (NNPP) Rabiu Kwankwaso, has said the Naira redesign policy of the Central Bank of Nigeria (CBN) will...
The equity capitalization in the Nigerian capital market crashed by -0.05 percent at the close of trading on Friday. This represented a N17.7billion dip in the...
The Nigerian Communications Commission (NCC) has warned that the vandalisation of infrastructure belonging to telecommunications will affect Point of Sale (PoS) transactions. According to the NCC’s...
Instant electronic payment dropped to N38.77 trillion in January 2023 despite the Central Bank of Nigeria (CBN) hoping the Naira redesign policy would push digital transactions...
The Trade Union Congress (TUC) has threatened to take legal action against the Federal Government following the chaos resulting from the Central Bank of Nigeria’s (CBN)...
The Central Bank of Nigeria (CBN) on Thursday blamed Nigerians for the scarcity of the naira notes in the country. The Director of Consumer Protection, Rashidat...
With N36.57 billion lost during trading on Thursday, the market capitalisation of the Nigerian stock market closed down at N29.60 trillion. This is a -0.12 per...
The relatives of Femi Otedola, the majority shareholder of Geregu Power Plc, have acquired millions of shares in the electricity company. Paul Olurotimi Otedola and Ayokunle...
Sterling Bank has countered claims made by the Independent Corrupt Practices Commission (ICPC) that the anti-corruption agency “discovered” new Naira notes worth N258 million in the...
On Wednesday, the Supreme Court ruled to temporarily suspend the February 10, 2023 deadline to phase out the old Naira notes. The ruling was in favour...
The Nigerian stock market recovered from Tuesday’s loss with a 0.23 per cent rise in the equity capitalisation on Wednesday, which reflects a N69.33 billion gain....
At least 34 people have been killed during a clash in Somalia’s n breakaway region of Somaliland. Two doctors at a public hospital in the town...
Zenith Bank Plc has shut down some of its branches in the Federal Capital Territory (FCT) and other states following attacks from customers over their inability...
Investors in the Nigerian capital market lost N37.02 billion to sell-off in Japaul Gold and UAC Nigeria, among others on Tuesday. After five hours of trading...
Following discovery that Sterling Bank was hoarding the new Naira notes, preventing its customers from accessing their funds, the firm has waved charges on transfers. A...
The Central Bank of Nigeria (CBN) should have introduced N5,000 notes to avoid the hardship Nigerians are facing due to the Naira redesign, the Director-General of...
The idea of moving is frequently exciting. Moving involves much more than just trying new activities and meeting new people, though. Moving abroad actually comprises less...
The equity capitalization in the Nigerian capital market rose to N29.61 trillion at the close of trading on Monday. This was 0.28 percent or N90 billion...
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Debo Ahmed, said the Nigerian National Petroleum Company (NNPC) Limited has failed to fulfil...
The Central Bank of Nigeria (CBN) has threatened to fine Sterling Bank for hoarding the new Naira notes made available to the financial institutions for public...
Stocks to watch this week are Capital Hotel, Airtel Africa, and Geregu, as the Nigerian stock exchange resumes another trading session this week. Ripples Nigeria stocks...
The Kenyan government has dropped the financial impropriety charges against Nigerian Financial Technology company, Flutterwave. The Kenyan government in July last year blocked 62 bank accounts...
The President of the National Association of Nigeria Travel Agencies (NANTA), Susan Akporiaye, said on Friday the operators had lost $550 million in revenue due to...
Ecobank Transnational Incorporated has said it will delay the release of its fourth quarter 2022 Unaudited Financial Statements The Securities and Exchange Commission’s (SEC) listing rules...
The external reserves fell in January 2023, extending its downward movement from the year before, as foreign investors remained on the sidelines. According to data from...
The Federal Government has criticised the international rating agency, Moody’s, stating that the agency doesn’t have an understanding of Nigeria’s economy. Ripples Nigeria had reported that...
Capital Hotels Plc has renamed the Sheraton Hotel, Abuja. Capital Hotels Plc shut down the leisure outfit in October 2022 over a disagreement with its facility...