Equity capitalization rose by 0.14 percent at the close of trading on the floor of the Nigerian capital market on Friday. This followed the increase in...
American billionaire, Elon Musk, could become the world’s first trillionaire, and it’s all thanks to his spaceship company, SpaceX, which is the world’s second-biggest privately owned...
Femi Otedola has reportedly acquired a majority share in First Bank as the Nigerian billionaire plots a takeover of the lender following the ouster of Oba...
Two months after Theophilus Danjuma acquired BOC Gases Nigeria Plc, the manufacturer of industrial and medical gases has changed its company name amid a loss of...
Investors at the Nigerian stock market pocketed N240billion following the rise in equity capitalization by 1.10 percent on Thursday. This followed the increase in equity capitalization...
Studio Press Nigeria shareholders have unanimously resolved to delist the company from the Nigerian Stock Exchange (NSE) amid low investor interest in the firm’s stocks and...
Facebook has been fined N28.75 billion ($70 million) for intentionally hoarding some information about its acquisition of Giphy, as UK’s Competition and Markets Authority (CMA) probes...
In 2009, Nigerian billionaire, Aliko Dangote was worth $2.5 billion, amassing wealth from his cement and flour businesses. At the same period, Satoshi Nakamoto’s networth was...
The former chairman of First Bank, Oba Otudeko and the Group Managing Director of the bank, Urum Eke, lost a combined N608.32 million in one day...
Meyer Plc management is having a battle keeping the company’s cost of sales in check amid declining inflation and rising dollar rate in Nigeria, as it...
Microstrategy founder, Michael Saylor, says Nigerian government needs to adopt bitcoin and invest billions of dollars if President Muhammadu Buhari-led admininstration wants to end starvation within...
The Central Bank of Nigeria (CBN) intends to ease access to the eNaira by allowing individuals without internet-enabled phones to obtain Nigeria’s digital currency when it...
The Securities and Exchange Commission (SEC) has approved the Fidelity Bank’s request to raise capital from the Republic of Ireland for its operation. In a notice...
Access Bank investors cashed in on the positive sentiment that greeted the acquisition of African Banking Corporation of Botswana Limited (BancABC Botswana) last week. The Nigerian...
Insider trading and acquisition will play a role in shareholders attitude at the Nigerian stock exchange this week, as the Nigerian bourse reopens for another round...
Amid inflation and naira devaluation, the last six years have had different impact on two Nigerian billionaires, Aliko Dangote and Rabiu Abdulsamad, both of whom mostly...
Positive sentiment in the Bitcoin market continued for another week as report circulated that the United States’ Securities and Exchange Commission (SEC) will most likely clear...
Absa-OMFIF Africa Financial Markets Index 2021 (AAFMI) report has pointed at Nigeria’s foreign exchange restriction measures as an albatross to the country’s foreign investment attraction. AAFMI...
The Chief Executive Officer (CEO) of American investment bank, JPMorgan, Jamie Dimon, has continued his attack on bitcoin, as he contradicted his team’s projection for the...
Raysun Nigeria Limited has triggered a mandatory takeover of Champion Brew, as the investor is set to increase its ownership stake to 100.01 percent, a year...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has been told to allow the foreign exchange rate reflect the reality of the country’s...
The Nigerian stock market returned to the bearish zone on Monday following the loss of N80.43 billion at the close of the day’s business. The development...
Seven months after purchasing additional shares in Cutix Plc, Ijeoma Oduonye, the Chief Executive Officer of the company, has made some profits, Ripples Nigeria market analysis...
The bitcoin market continues to rally in October following its slip in the last two weeks of September, as the most popular cryptocurrency has surged 30.3...
Stocks to watch this week consist of MTN Nigeria, First Bank, Airtel Africa and Cornerstone Insurance. Their selection has been based on different factors that occurred...
The Nigerian stock reported investors traded 2.179 billion shares worth N21.963 billion in 22,438 deals this week. This week’s investment was above the N16.183 billion pumped...
The equity capitalization at the Nigerian capital market rose by 0.1 percent at the close of trading on Friday. Consequently, the equity capitalization increased by N20.43...
The International Monetary Fund (IMF) said on Friday inflation rate would rise higher in Nigeria and other emerging markets than in advanced economies by end of...
MTN Nigeria is going ahead to borrow almost N90 billion from the debt market to fund its domestic operations. The credit will be obtained through bond...
Investors at the Nigerian capital market gained N33.32 billion following a 0.15 percent rise in equity capitalization at the close of trading on Thursday. The equity...
The President of the National Assembly and Senate President, Ahmed Lawan on Thursday, promised that the federal legislature would finish work on the 2022 Appropriation Bill...
President Muhammadu Buhari’s special assistant on digital/new media, Tolu Ogunlesi, has stated that the ongoing negotiation between the Federal Government and Twitter is not bordered on...
Investors pocketed N26 billion as the negative sentiment faded at the Nigerian stock market on Wednesday. The development followed the 1.3 percent rise in equity capitalization...
In dealing with cryptocurrency trading, the United State’s Security and Exchange Commission (SEC) has stated that it will not go the way of Nigeria and China,...
Facebook has blamed the almost eight hours shutdown of its social media platforms, including WhatsApp and Instagram on October 4, on the company’s engineers. The tech...
Bitcoin found its way back to $50,000 in value weeks after China’s regulatory clampdown on all forms of cryptocurrencies triggered negative sentiment in the crypto community....
There’s a popular adage in Nigeria saying, “Follow the person that knows road” but when the guide is missing, what happens? Many Nigerians were in this...
Facebook Founder, Mark Zuckerberg’s net worth fell by 5.21 percent at the end of trading on Monday following the crash of his social media companies, Facebook,...
Investors at the Nigerian capital traded 202.35 million shares valued at N1.86 billion in 4,066 deals on Monday. However, this investment was lower than the 1.04...
Ikeja Electric Company is set to cut power to businesses and residential areas in Lagos for two months and some days as the Transmission Company of...
Sterling Bank, Dangote Cement, Mansard, and University Press made it into the stocks to watch list of Ripples Nigeria this week mostly because of their capital...
The International Monetary Fund (IMF) has renewed its call against the adoption of Bitcoin and other cryptocurrencies, citing economic risk among others. In a statement issued...
The Organisation of the Petroleum Exporting Countries (OPEC) said Africa would reduce dependence on oil importation as it strives to meet the projected production output for...
The former governor of the Central Bank of Nigeria (CBN) Lamido Sanusi, has said he believes financial technology startups in Nigeria will become bigger than commercial...
The Central Bank of Nigeria (CBN) has denied that the website of eNaira, the country’s digital currency, was down earlier today, same day the CBDC was...
President Muhammadu Buhari said two modular refineries will be completed between this year and 2022 in line with his administration’s Roadmap on Local Refining. This follows...
The Nigerian stock market sustained its bullish run with a 2 percent rise in equity capitalization at the close of trading on Thursday. The equity capitalization...
Oyo State Government has asked to join Rivers State in its suit against the Federal Government, following an application submitted to the Court of Appeal sitting...
Close to the official launch of Nigeria’s digital currency, eNaira, Ripples Nigeria spoke with Natalie Hartman, Vice President, Marketing, of Bitt Inc, the foreign firm contracted by the...
Investors at the Nigerian stock market pocketed N380 billion as the bourse rebounded from three consecutive losses at the close of trading on Wednesday. This followed...