Presidential candidate of the Labour Party, Peter Obi, said the Federal Government is spending beyond its revenue, with tax contributions falling below Africa’s average ratio. As...
A bill to amend the Federal Inland Revenue Service (FIRS) Act that regulates the processes of granting tax holidays to corporations operating in Nigeria has been...
The World Bank has expressed concern over rising debt-service in Nigeria and other developing economies. The international creditor said the external debt of these economies totaled...
Shareholders of Geregu Power have lost –14.9 per cent of their investment in the last two trading sessions in the Nigerian stock exchange amid talks with...
Med-View Airline has accused First Bank of breaching a court order over an alleged N4 billion debt owed by the airline company, after officials of the...
Crash in crude oil export has decreased Nigeria’s earnings from trade export down by 9.7 per cent in the third quarter of 2022, with Spain leading...
Stocks to watch this week in the Nigerian stock market are Geregu Power, Access Holdings and MTN Nigeria, as the companies look to boost revenue and...
Penultimate Wednesday, President Muhammadu Buhari unveiled the new naira redesigned by the Central Bank of Nigeria (CBN). The redesigned naira was received with mix reactions. Many...
Airtel Africa, MTN Nigeria and Access Bank are some of the stocks to watch this week, as the Nigerian stock market resumed for another trading week....
Between Monday and Friday, a total of 694.376 million shares exchanged investors’ hands in 15,418 deals, worth N8.667 billion in the Nigerian stock market. It contrasted...
The Nigerian capital market recorded a positive return on investments with the equity capitalization closing at N24.23 trillion at the close of trading on Friday. The...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has advised the Federal Government to prioritise revenue generation, and not increase borrowings. During a workshop...
The Chief Executive Officer of Amazon, Andy Jassy, said the economic downturn is affecting the company, making it impossible to sustain its current workforce. Amazon had...
Rising level of public debt, debt service and fuel subsidy is affecting the revenue generation of the Federal Government, the Federation Account Allocation Committee (FAAC) Post-Mortem...
The value of investments in the Nigerian capital market dropped by 0.08 percent at the close of trading on Thursday. After eight hours of trading on...
The world’s richest man, Elon Musk, is in a court battle with Tesla shareholder, Richard Tornetta, over his decisions on the affairs of the electric carmaker....
The Federal Government has opened up gas blocks in Niger Delta, Anambra and Sokoto, amongst others for investment, in line with its National Gas Expansion Programme....
Cryptocurrency lender, BlockFi, is reportedly planning to file for bankruptcy, according to multiple media reports on Wednesday, days after cyrpto exchange company, Futures Exchange (FTX) declared...
Women-owned businesses in Nigeria will receive $100 million worth of investment from the United Kingdom, British high commissioner to Nigeria, Catriona Laing, has revealed. The funding...
Elon Musk, the Chief Executive Officer of electric carmaker, Tesla, plans to resign from his CEO position in the social media company, Twitter, amid a lawsuit...
The Chief Executive Officers of International Breweries Limited and Chams Holding have resigned from their positions in the companies. The International Breweries said in a document...
The equity capitalization in the Nigerian capital market rose by 0.5 percent at the close of trading on Wednesday. After eight hours of trading on the...
Access Bank now has two substantial shareholders with 5% and above stake, as the company’s Group Managing Director, Herbert Wigwe, has acquired more shares in the...
Justice Lewis Allagoa of the Federal High Court, Lagos, on Tuesday, restrained the Federal Government from going ahead with its national carrier agreement with Ethiopian Airlines....
The Nigerian Communications Commission (NCC) has rejected Airtel Africa’s bid to buy 3.5GHz spectrums for 5G deployment without participating in an auction. Airtel Africa had during...
The Nigerian bourse extended its decline on Tuesday, as the market capitalisation fell to N23.861 trillion. It depreciated by 0.02 per cent, losing N5.37 billion from...
The National Bureau of Statistics (NBS) revealed that Nigeria’s food inflation hit 23.72 per cent in October 2022, in contrast to the 23.34 per cent recorded...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has disclosed that Nigeria is struggling to borrow money from international creditors due to its economic...
Indian billionaire, Mukesh Ambani, has joined the list of businessmen interested in acquiring English Premier League club, Liverpool, after the owners put the EPL side up...
In 2009, when the world’s first cryptocurrency, Bitcoin (BTC), was launched, Sam Bankman-Fried was still a high school student at Crystal Springs Uplands School, in Hillsborough,...
Nigerian domestic airlines, led by Air Peace, Max Air, Azman Air, Topbrass Aviation, and United Nigeria Airlines have sued the Federal Government over the selection of...
The Nigerian stock market resumes for another trading week, and some of the stocks to watch are Access Corporation, Stanbic IBTC, and Guinness. Ripples Nigeria stocks...
Twitter Chief Executive Officer, Elon Musk, has criticised the founder of Futures Exchange (FTX) and Alameada Reasearch, Sam Bankman-Fried, amid allegation of misusing customers’ funds and...
The exchange rate between the dollar and naira fell by -3.9 per cent on Friday in the black market, with the Nigerian currency gaining against the...
One of the world’s biggest cryptocurrency exchanges, Futures Exchange (FTX), has filed for bankruptcy, as the wealth of the founder, Sam Bankman-Fried, crashed to zero. FTX...
The Nigeria Customs Service (NCS) has detained an unnamed officer for flouting the dress code of the service while on duty. The officer had recorded himself...
The Minister of Aviation, Hadi Sirika, has disclosed that foreign airlines ignored Nigerian government’s request to invest in Nigeria Air. Sirika said after approaching several international...
Days after announcing that his company, Binance, was planning to acquire cryptocurrency exchange, FTX.com, Zhao Changpeng, has pulled out of the deal. Ripples Nigeria had reported...
The dollar sold for N850 in the black market on Thursday. A Bureau De Change operator in the Ogba, area of Lagos State told Ripples Nigeria...
The Group Managing Director of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, is opposed to the current price of Premium Motor Spirit (PMS) also known...
Within one year, Nigeria’s total public debt grew by N7.38 trillion, to close the second quarter of 2022 with N42.84 trillion ($103.31 billion), according to the...
The Asset Management Corporation of Nigeria (AMCON) has moves to prevent debtors from securing future government contract, as it recovers N307 billion from government debtors between...
Stanbic IBTC has denied acting against a court order in its faceoff with Ascon Oil Company Limited over an indebtedness of N2,465,914,688 and $59,260.94. A group...
Access Bank Group Managing Director/Chief Executive Officer, Herbert Wigwe, has acquired new shares in the financial institution to expand his control over the company. In the...
For the first time since July 2022, the daily crude oil production output of Nigeria rose above one million barrels per day (bpd) in October, the...
Elon Musk’s net-worth has fallen below the $200 billion mark after selling part of his shares owned in electric vehicle manufacturer, Tesla. The wealth of the...
Zhao Changpeng, the founder of the world’s largest cryptocurrency company, Binance, has agreed to acquire another cryptoexchange, FTX. The deal between Binance and FTX was disclosed...
The Chairman of the Economic and Financial Crimes Commission (EFCC) Abdurasheed Bawa, has taken steps to avoid imprisonment in Kuje prison following a court order. At...
Individuals and traders are still buying dollars at a premium rate in the black market, and this will continue to fuel inflation for goods that the...
New Twitter owner, Elon Musk is considering suing activist groups after they compelled advertisers to cancel the advertisement budget for the social media company in protest...