Trading activities return to the Nigerian stock market this week and some of the stocks to watch are First Bank Nigeria (FBN) Holdings, Tantalizer and Transcorp...
At the just concluded week, Nigerian stock market traders exchanged N29.299 billion in 31,163 deals to trade 1.812 billion shares within five days. During trading the...
The Head, Investor Relations, First Bank Nigeria (FBN) Holdings Plc, Tolu Oluwole, has sold off his shares in the financial institution amid a drop in the...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s Gross Domestic Product (GDP) recorded a growth of 2.51 per cent in real terms in the...
The Chairman of the Association of Licensed Telecoms Companies of Nigeria (ALTON), Gbenga Adebayo, has called for a review of the prices of services of network...
The International Monetary Fund (IMF) has disclosed that $7 trillion was spent by governments across the world on fossil-fuel subsidies in 2022. In a report obtained...
The Central Bank of Nigeria (CBN) has rubbished a report by JP Morgan on the status of Nigeria’s foreign reserves which sparked concerns over forex liquidity...
The Investors’ and Exporters’ (I&E) window closed with the United States Dollar (USD) settling at N771.69/$1 on Thursday, as the naira recovered against the American greenback....
Investors in the Nigerian capital market lost N49.8 billion at the close of trading on Thursday. This followed the crash in the market capitalization from N35.84...
Ikeja Hotel has adopted cost savings measures that resulted in some of its workers losing their jobs, as the management struggled to make the company a...
The spokesperson for the Airline Operators of Nigeria (AON), Obiora Okonkwo, has requested a special foreign exchange window for airline operators to access dollars. Okonkwo said...
The dollar rate extended its upward swing on Wednesday, after closing at N773.42/$1 in the Investors’ and Exporters (I&E) window of the official market, according to...
Ikeja Hotel has announced that the hospitality firm will sell a stake in the company to raise billions of naira, as it rolls out bonus shares...
The Chief Executive Officer of Nigerian Exchange Ltd., Temi Popoola, has disclosed that the capital market in the country is considering a dollar-denominated bond listings. Popoola...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has told the Federal Government to stop destroying illegal refineries in the Niger Delta creeks. The Chairman of...
In the Investors and Exporters’ (I&E) window of the official market on Tuesday, the naira to dollar exchange rate ended trading at N770.72/$1, up from N761.32/$1...
Nigerian stock market capitalisation grew to N35.84 trillion on Tuesday, rising by N157.58 billion from the previous day’s N35.68 trillion. The All-Share Index rose by 286.26...
The BRICS nations; Brazil, Russia, India, China and South Africa, have agreed to reduce their reliance on the dollar in loan advances to their members. This...
The money supply in Nigeria increased to N64.9 trillion in July 2023, the money and credit statistics report obtained from the Central Bank of Nigeria (CBN)...
US-based financial firm, JP Morgan, has disclosed that Nigeria’s foreign reserves stood significantly lower than the figure the Central Bank of Nigeria (CBN) claimed the country...
FMDQ Exchange reported the official exchange rate between the naira and the dollar closed at N761.32/$1 on Monday, contrasting with Friday’s N739.52/$1. The rate of the...
Petrol consumption in Nigeria dropped in July by 19.95 per cent month-on-month, following the removal of fuel subsidy by President Bola Tinubu. According to the Nigerian...
The Manufacturers Association of Nigeria (MAN) said the Federal Government is placing its N77 trillion debt burden on manufacturers through high and multiple taxes. In the...
The United States Dollar (USD) traded at N739.52/$1 at the close of official trading on Friday, with foreign exchange traders maintaining the value of forex transacted...
MTN Nigeria, Unity Bank and Wema Bank are the stocks to watch this week as the Nigerian bourse resumes trading. Ripples Nigeria stocks watchlist is a...
African and international investors are set to meet with tech founders and budding innovators in Nigeria to discuss how stakeholders can build radical solutions to the...
Glaxo SmilthKline (GSK) Consumer Nigeria’s share price hit N8.90 kobo percent on August 4, a day after announcing the shutdown of its operation in the country....
Investors and exporters in the official market were offered the United States Dollar (USD) at a range of N799/$1 and N475/$1 on Friday. The naira to...
In response to the hike in fuel prices in recent months, the Nigerian National Petroleum Company (NNPC) Limited has disclosed that it will construct 35 compressed...
The official market closed trading on Thursday with the naira to dollar exchange rate settling at N776.50/$1, according to FMDQ Exchange. The price of the United...
Employees at GlaxoSmithKline (GSK) Consumer Nigeria will lose their jobs this year, as the company has announced that it will shut down operations. GlaxoSmithKline Consumer Nigeria...
The second quarter of 2023 wasn’t a great period for International Breweries, as the brewer saw its loss increase significantly between April to June. In a...
Caverton Offshore Support Group suffered a 59.46 per cent drop in its profit after tax in the second quarter of 2023, the firm’s Q2 financial statement...
President Bola Tinubu has asked for investment support from the United Kingdom to transport gas to Europe, his media aide, Ajuri Ngelale, has revealed. According to...
FMDQ Exchange reported that the official exchange rate between the naira and the United States Dollar (USD) closed Wednesday’s trading at N741.64/$1. The price of the...
Aliko Dangote’s companies, Dangote Sugar Refinery, NASCON Allied Industries Plc and Dangote Rice Limited, have informed shareholders that they want to merge their operations. Dangote Sugar...
President Bola Tinubu’s adviser on monetary policies, Wale Edun, said the N860/$1 exchange rate between the naira and the dollar is not backed by the fundamentals...
On Tuesday, the naira to dollar exchange rate closed at N789.08/$1 in the investors’ and exporters’ window of the official market. Ripples Nigeria learnt that the...
Agusto & Co., a Pan-African Credit Rating Agency, said unpopular policies by the Central Bank of Nigeria (CBN) constrained remittance flow into the country. The credit...
Nigerian health-tech startup, Remedial Health, has raised $12 million through equity investment and debt funding from venture capital and financial institutions. Remedial Health raised $8 million...
The list of approved loan apps in Nigeria has been deleted from the website of the Federal Competition and Consumer Protection Commission (FCCPC). FCCPC said it...
The price of the United States Dollar dropped by N18.82 kobo on Monday in the Investors’ and Exporters’ window of the official market. Ripples Nigeria gathered...
Over N184.80 billion was lost to naira devaluation by the cement and sugar companies largely owned by Africa’s richest man, Aliko Dangote. The loss was recorded...
Airtel Africa, MTN Nigeria, BUA Cement and FBN Holdings are some of the stocks to watch this week due to their operational and stock market activities....
The National Pension Commission (PenCom) has dismissed a claim that its Director-General, Aisha Dahir-Umar, spent millions of dollars as estacodes in 2020. The commission was reacting...
MTN Nigeria has reported that the naira devaluation also impeded the company’s financial growth in the second quarter of 2023. In a comment included in its...
The value of foreign exchange transacted in the Investors’ and Exporters’ window rose by 65.79 per cent month-on-month between May and June 2023. According to data...
Airtel Nigeria recorded $528 million in revenue from its mobile services in the country in the second quarter of 2023, amid growth in data and voice...
The naira devaluation by the Central Bank of Nigeria (CBN) adversely affected the earnings of telecommunications company, Airtel Africa. Ripples Nigeria learnt that Airtel Africa recorded...
The value of the naira decreased by 3.85 per cent in the Investors’ and Exporters’ window on Thursday, as the dollar gained against the Nigerian currency....