The official market closed with the naira to dollar exchange rate settling at N742.10/$1 on Tuesday, according to the foreign exchange data released by the FMDQ...
Nigeria increased its crude oil production in August to 1.18 million barrels per day (bpd), the Organization of the Petroleum Exporting Countries (OPEC) disclosed on Tuesday....
The Nigerian Postal Services (NIPOST) failed to increase its revenue for three straight years, as turnover plummeted by 43.8 per cent between 2019 to 2022. The...
The director of the banking supervision department of the Central Bank of Nigeria (CBN), Haruna Mustafa, said deposit money banks (DMBs) have been barred from using...
Investors and exporters in the official market were offered the United States Dollar (USD) at the range of N804.15/$1 and N722.39/$1 during trading on Monday. These...
The equity capitalization in the Nigerian capital market crashed by 1.24 percent at the close of trading on Monday. This represented a N463.6 billion drop in...
The exchange rate between the naira and the United States Dollar (USD) closed at N736.62/$1 on Friday in the Investors’ and Exporters’ window, indicating stability in...
This week, Oando, PZ Cussons and Chellarams are the stocks to watch in the Nigerian equity market due to operational and stock market activities. Ripples Nigeria...
President Bola Tinubu and the president of the UAE, Sheikh Mohammed bin Zayed Al Nahyan, will meet to discuss the diplomatic rift between both countries. According...
The Central Bank of Nigeria (CBN) has remained silent over the reported arrest of its Deputy Governor for financial system stability, Aishah Ahmad, over the weekend....
The Minister of Aviation and Aerospace Development, Festus Keyamo, has set up a five-member taskforce to look into the challenges faced by foreign airlines and their...
The Nigerian Exchange Limited (NGX) reported that the stock market recorded N45.450 billion investments between Monday to Friday this week after investors traded 2.644 billion shares...
Electricity distribution companies generated N263.08 billion in revenue in the second quarter of this year. The figure was 39.6 percent higher than the N188.4 billion the...
Crude oil output in Nigeria and Iraq amongst others tempered the cut adopted by Saudi Arabia and Russia in August, a Platts survey conducted by S&P...
Nigeria recorded N7.01 trillion in foreign exports in the second quarter of 2023, with the Netherlands and the United States of America (USA) making the top...
FMDQ Exchange reported that the exchange rate between the naira and the dollar rate depreciated to N736.62/$1 on Thursday after activities came to a close in...
The decision of Oando Oil Limited (OOL) to acquire Nigerian Agip Oil Company (NAOC) from Italian oil & gas company, Eni, could result in legal implications,...
The Chairman of the House of Representatives ad hoc committee set up to investigate crude oil theft, Kabiru Rurum, said those involved in oil theft in...
The United States Dollar (USD) was offered to clients of authorised dealers at a rate of N771.59/$1 at the end of trading in the official market...
The Minister of Aviation and Aerospace Development, Festus Keyamo, said the government will probe the project reports of the suspended national carrier, Nigeria Air, and concession...
In the next two weeks, the Central Bank of Nigeria (CBN) intends to inject $10 billion into the foreign exchange market to clear the forex backlog...
In the month of August, Nigerian cinemas generated N603.58 million in revenue from tickets sold for Nollywood movies, Hollywood and other foreign films. This is according...
The price of the United States Dollar (USD) fell to as low as N588/$1 in the official market on Tuesday before trading closed in the market...
The Group Chief Executive, Oando Plc, Wale Tinubu, said the acquisition of Nigerian Agip Oil Company Limited (NAOC Ltd) from ENI shows the importance of local...
Nigerian shareholders in PZ Cussons Nigeria have been offered a buyout offer by British manufacturer, PZ Cussons Group, to take full control of the local company....
ENI, an Italian multinational energy company, has concluded plans to exit Nigeria’s onshore oil exploration after agreeing to sell Nigerian Agip Oil Company Limited (NAOC Ltd)...
The National Bureau of Statistics (NBS) disclosed the Value Added Tax (VAT) for the second quarter (Q2) 2023 was N781.35 billion, rising by 10.11 per cent...
Nigeria’s Company Income Tax (CIT) recorded 226.4 per cent quarter-on-quarter growth in the second quarter (Q2) of 2023, the National Bureau of Statistics (NBS) has revealed....
The Nigerian stock market returns for another week of trading activities, with Sterling Financial Holdings Company, Flour Mills of Nigeria (FMN) and BUA Cement making the...
The naira to dollar exchange rate fell between the range of N800 and N700 on Friday in the Investors’ and Exporters’ window of the official market....
The United States currency, the dollar, will crash against the naira soon, according to the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor...
The Chief Executive Officer (CEO) of Ardova Plc, Olu Adeosun, has resigned from his position and Moshood Olajide has been appointed as the new Managing Director...
The Chairman of BUA Group, Abdul-Samad Rabiu, said the company will drop its cement price to prevent the government from approving the importation of Cement into...
The Financial Institutions Training Centre (FITC) has reported that fraud-related cases led to the sack of about 110 top bank executives and junior workers between the...
The naira depreciated by 3.32 per cent on Thursday, as the United States Dollar (USD) closed at N762.71/$1 in the Investors’ and Exporters’ window of the...
The owner of X, formerly known as Twitter, Elon Musk, has disclosed that the social media platform will add audio and video call features to increase...
The revenue generated by the Abuja-Kaduna rail line has significantly dropped by 99.8 per cent, the Managing Director of the Nigeria Railway Corporation (NRC), Fidet Okhiria,...
Over N125 billion was raised by MTN Nigeria through the Commercial Paper Issuance Programme, the telecommunications company revealed on Wednesday. MTN Nigeria said the firm’s initial...
The exchange rate between the naira and the United States Dollar (USD) closed at N738.18/$1 in the Investors’ and Exporters’ window on Wednesday, Ripples Nigeria learnt....
Dangote Sugar Refinery (DSR) has disclosed that it has agreed to the terms and conditions of the merger of the company with NASCON Allied Industries Plc....
Borno State-based investment firm, Stockmatch Investments Ltd, was on Tuesday shut down by the capital market regulator, the Securities and Exchange Commission (SEC). The regulator said...
The dollar appreciated against the naira on Tuesday in the Investors’ and Exporters’ window of the official market, closing at N775.34/$1, the foreign exchange aggregator, FMDQ...
Flour Mills of Nigeria (FMN) recorded loss after tax in the period ended June 2023 and also lost millions to penalty during the same period, the...
The former statistician-general of the federation, Yemi Kale, has criticised the new methodology the National Bureau of Statistics (NBS) used to evaluate Nigeria’s unemployment rate. Kale...
The Minister of Finance, Wale Edun, has disclosed that President Bola Tinubu’s administration was handed a bad economy by former President Muhammadu Buhari. Edun said Tinubu...
The authorised dealers increased the price of the United States Dollar (USD) to N800/$1 on Monday, the highest rate of the American greenback during trading in...
The equity capitalisation in the Nigerian capital market rose by 1.14 per cent at the close of trading on Monday. This represented a N320 billion growth...
The top 10 contributing sectors to Nigeria’s real Gross Domestic Product (GDP) in the second quarter (Q2) of 2023 are lead by Crop production, while other...
Equity market transactions in Nigeria rose by 72.83 per cent month-on-month, as the stock market recorded N702.9 billion traded in July 2023, the Nigerian Exchange Limited...
The value of the United States Dollar (USD) was increased by the official market authorised dealers by N6.73 kobo to N778.42/$1 on Friday, the FMDQ Exchange...