Ten months after MTN Nigeria and Mafab Communications won the bids for the fifth generation (5G) network spectrum, the Nigerian Communications Commission (NCC) is set to...
Airtel Nigeria, MTN Nigeria and Ardova are some of the shares that stock investors need to have on their radar going into this week’s trading session....
Nigeria’s national carrier will begin operation in December with 20 petrol-aircraft, the Minister of Aviation, Hadi Sirika, has disclosed. Ripples Nigeria gathered that nine of the...
The market valuation of the Nigerian stock exchange rose by 0.14 percent at the close of trading on Friday. This means the capital market’s equity capitalization...
On Thursday, the Central Bank of Nigeria (CBN) disclosed that Polaris Bank had been sold to Strategic Capital Investment Ltd. (SCIL) after being under government’s control...
The plan by the Central Bank of Nigeria (CBN) to deduct the budget support facility extended to states from their share of the monthly federal allocations...
The Central bank of Nigeria (CBN) has explained the reason there’s a N1.15 trillion difference in the initial amount paid by Strategic Capital Investment Limited (SCIL)...
The Nigerian stock exchange halted this week’s losses with a 0.03 percent rise in equity capitalization at the close of trading on Thursday. The development lifted...
As Nigeria’s revenue comes under pressure due to rising debt service fees, President Muhammadu Buhari’s administration has opted to convert loans obtained from the Central Bank...
The chairman of the House of Representatives’ ad-hoc committee investigating the sale of Polaris Bank, Henry Nwabuba, revealed on Wednesday, that 35 companies offered bids to...
Acquisition talks between network providers, MTN Group and Telkom, have broken down, as both companies disagreed on the way forward pertaining to the deal. MTN Group...
Almost 1,000 employees working with Microsoft have lost their jobs after the technology company’s revenue failed to meet or surpass analysts’ turnover projection. Microsoft sacked the...
Ardova Plc has distanced itself from the litigation involving Zenon Petroleum and Gas Limited and Ignite Investment Limited over the acquisition of its forebears, Forte Oil....
Investors at the Nigerian capital market lost a whopping N570.91 billion following the crash in equity capitalization by -2.31 percent at the close of trading on...
Billionaire businessman, Femi Otedola, is on course to return to the oil industry after his company, Zenon Petroleum and Gas Limited won a $19.2 million judgment...
BUA Group has informed Kogi State Government to go ahead with the revocation of land offered to Abdulsamad Rabiu’s company in 2012. Rabiu’s company had taken...
The sell-off persisted in the Nigerian capital market on Tuesday with investors losing N544.46 billion in investment at the close of the day’s trading. After eight...
Miri Strategic Emerging Markets Fund LP, a substantial shareholder of Nigerian Exchange Group (NGX Group), visited the exchange floor of the Nigerian stock market to offload...
After Twitter suspended his account, United States’ rapper, Kanye West, has moved to acquire another social media platform, Parler, founded by John Matze. Parler is popular...
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, on Monday, blamed the Central Bank of Nigeria (CBN) for the...
The value of investments in the Nigerian capital market crashed by -2.52 percent at the close of trading on Monday. The equity capitalization dipped by N655.29...
U.S. tech giant, Uber Technologies Inc, will start delivering marijuana, after the Canadian Government lifted the ban on cannabis. The firm signed an agreement with marijuana...
The stocks to watch this week are Geregu Power, Dangote Cement and Guaranty Trust Holding Company (GTCO). Ripples Nigeria stocks watchlist is a selection of stocks...
World Bank President, David Malpass, has disclosed that Nigeria hasn’t requested for debt restructuring after reports suggesting the government was weighing the opinion. Ripples Nigeria had...
The Group General Manager, Group Public Affairs Division of Nigerian National Petroleum Company (NNPC) Limited, Garba Muhammad, has said Kaduna State Governor, Nasir El-Rufai, is confused...
The United States Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC) are investigating Elon Musk over the Twitter acquisition deal. US federal authorities...
The Nigerian capital market dipped by -0.01 percent at the close of trading on Thursday. This means the equity capitalization crashed by N4.05 billion from N25.889...
Reactions have trailed the decision of UK money transfer company, Wise, to remove Nigeria from its payment routes due to reliability issue on foreign exchange. In...
Kaduna State Governor, Nasir El-Rufai, said the Nigerian National Petroleum Company (NNPC) Limited is a problem to Nigeria, and should be privatised. According to El-Rufai, the...
The Federal Ministry of Science, Technology and Innovation, led by Minister, Adeleke Mamora, budgeted over N740.14 million in the 2023 budget to purchase and supply motorcycles....
Russia’s president, Vladimir Putin, has blamed European countries for high gas price, describing the attack on the Nord Stream gas pipelines as an act of international...
The Federal Government has described as outright falsehood reports on the planned privatisation of the Transmission Company of Nigeria (TCN). In a statement issued on Wednesday,...
The total investment in the Nigerian capital market dropped by -0.07 percent at the close of business on Wednesday. This followed the crash in the equity...
The world’s richest man, Elon Musk, has increased his investment portfolio by venturing into a fragrance business. The South Africa-born billionaire is currently into car manufacturing,...
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projection for 2022 to 3.2 percent. The organisation made this known in its World Economic Outlook...
Nigerian billionaire, Femi Otedola, took out N9.28 billion from First Bank of Nigeria months before acquiring a majority stake in the lender last year. Ripples Nigeria...
Nigerian tier-two banks dominated the top five best performing lenders in First Half (H1) 2022, with Wema Bank leading the onslaught against the tier-one creditors. Ripples...
Dangote Cement, Guaranty Trust Holding Company (GTCO), Airtel and MTN Nigeria made it into the stocks to watch list this week, as the Nigerian stock exchange...
The Group General Manager, National Petroleum Investment Management Services (NAPIMS) of the Nigerian National Petroleum Company (NNPC) Limited, Bala Wunti, said works are ongoing to recover...
Shareholders’ total investment in the Nigerian capital market rose by 0.19 percent at the close of trading on Friday. This means the equity capitalization in the...
On Friday, President Muhammadu Buhari presented the 2023 budget, which would cost a whopping N20.51 trillion, and force Nigeria to borrow N8.80 trillion to finance the...
President Muhammadu Buhari said his administration has transformed the power sector with various investments. He made this known on Friday during his 2023 Budget presentation at...
The Chief Financial Officer (CFO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Umar Ajiya, said Nigeria loses $150 million in revenue every day. Ajiya stated...
Ukraine’s Zaporozhye Nuclear Power Plant has been declared a Russian federal asset by the Russian President, Vladimir Putin, but Ukraine’s state energy agency has rejected the...
Mobile telecommunications giant, MTN Nigeria, on Wednesday announced an upgrade of its system. In a message sent to subscribers, and seen by Ripples Nigeria, MTN Nigeria...
Access Bank has signed an agreement to acquire 51% majority shareholding in Finibanco Angola S.A from Montepio Holding SGPS S.A, the parent company, Access Holdings Plc...
Geregu Power Plc, an electricity power plant owned by Nigerian billionaire, Femi Otedola, has gone public on the Nigerian stock exchange on Wednesday. Otedola listed Geregu...
World’s most popular cryptocurrency, Bitcoin, has been on the rise since McDonald’s, a Multinational fast-food chain, integrated bitcoin into its payment option in Lugano, Switzerland, on...
On October 3, 2022, Nigerian cinematographer and veteran actor, Kunle Afolayan, took to his Twitter page to shade the Omotola Jalade, Stephanie Linus and other members...
Fidelity Bank has concluded plans to sell a significant stake in the company to private investors, as the Nneka Onyeali-Ikpe-led company is in need of capital...