The Federal Government is owed N2.659 trillion ($6.48 billion) by 77 oil and gas companies, the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed. NEITI said...
The losing streak at the Nigerian capital market continued on Tuesday following a 0.01 percent crash in equity capitalization at the close of the day’s business....
The bears are lurking around Sterling Bank, and their presence is hindering the lender from hitting a price bubble which the bulls have been aiming for...
Investors at the Nigerian capital market lost N51.03 billion at the close of trading on Monday. This followed a 0.25 percent crash in the market capitalization...
The capital market closed negative for United Bank for Africa (UBA) on Monday, as investors engaged in sell-off following the bank’s disclosure of foreign exchange defaulters...
Nigeria has fallen behind Egypt in Foreign Direct Investment, according to the African Development Bank, which released a new report that four African countries accounted for...
This week’s stocks to watch list includes Stanbic IBTC, Dangote Cement, Pharmdeko, and SCOA Nigeria, as the companies prepare to release their Q3 2021 financials. However,...
The Islamic State of West Africa Province (ISWAP), terrorists have reportedly killed at least 11 people including seven soldiers in a fresh attack in Borno State....
The investment into the Nigerian stock market this week hit N13.921 billion after investors exchanged 1.290 billion shares in 16,745 deals in just five days. This...
China is the new fear factor in the global cryptocurrency market, as the Chinese government’s recent regulatory decision cost bitcoin investors $21.35 billion – but prospective...
Investors at the Nigerian capital market pocketed N45.9 billion following a 0.22 percent rise in equity capitalization at the close of trading on Friday. The equity...
A United Kingdom-based firm, Stanbic Africa Holdings Limited has increased its control in Stanbic IBTC after acquiring more shares in the Nigerian lender. In a notice...
Dangote Cement board of directors are to meet after the company’s market stock bubble burst, costing shareholders of the firm N78.38 billion in one month. In...
Former President of Chartered Institute of Bankers of Nigeria (CIBN), Segun Ajibola, said N500 is enough for a Nigerian to feed, as he defends the naira...
A fire outbreak on Wednesday at the Nigerian Ports Authority (NPA) headquarters, located on Broad Street, Lagos, has affected three of it’s offices in the building....
Nigerian Professor of Political Economy, Pat Utomi, has described government authorities as bullies behind the failure of businesses operating in Africa’s largest economy. Utomi said regulators...
The negative trading on the floor of the Nigeria capital market continued on Tuesday following the crash in equity capitalization by 0.08 percent at the close...
Ghana Union of Traders Association (GUTA) resumed their clampdown on foreigners engaging in retail trading within the West African country, which has been a hotbed for...
Amid criticism for the increasing foreign exchange rates, the Central Bank of Nigeria (CBN) has described resignation calls for its principal, Godwin Emefiele, as selfish. The...
Former Deputy Governor of Central Bank of Nigeria (CBN) Kingsley Moghalu, has said that Nigeria is being led by politically and economically incompetent people that care...
A former deputy governor of the central Bank of Nigeria, Kingsley Moghalu has lamented that the Nigerian government’s involvement in economic issues is the main albatross...
Another week, another reason to include SCOA into Ripples Nigeria’s list of stocks to watch this week, alongside UPDC, United Capital and Champion Brew. These companies...
The week ended with low investment compared to the previous week, as NGX reported investors exchanged 856.289 million shares worth N10.752 billion in 15,663 deals. This...
The Nigerian capital market rebounded from Thursday’s negative trading to post a 0.08 percent rise in the equity capitalization at the close of trading today. The...
Bureau De Change operators on Friday distanced themselves from abokiFX, saying the foreign exchange rate aggregator does not influence the black market price. A market survey...
The founder of abokiFX, Oniwinde Adedotun, is reportedly under investigation by the Central Bank of Nigeria (CBN) for a number of alleged infractions. If the reports...
Union Bank of Nigeria has strengthened its board of directors with the appointment of former Nigerian minister, Aisha Abubakar, following regulatory approval. Abubakar had served as...
Fan tokens is the new innovation sweeping across the football world thanks to the rise of cryptocurrency in global financial system, which has, however, been banned...
The Nigerian capital market continued with its slow growth on Wednesday following the rise in the equity capitalisation by 0.12 percent. The total investment in the...
German Chancellor, Angela Merkel, has faulted the Federal Government for failure to execute the Siemens electricity deal almost three years after it was first announced. Merkel...
The year has been a troubled period for shareholders of SCOA Nigeria, as they have lost 60 percent of their investment year-to-date, according to Ripples Nigeria...
[responsivevoice_button voice=”UK English Female” buttontext=”Listen to Post”] Following a report from the United Arab Emirates (UAE) that one ‘Abdulrrahman Ado Musa’ was part of terrorism sponsors...
Investors at the Nigerian capital market gained N2.54 billion on Tuesday following a 0.01 percent rise in the equity capitalization at the close of the day’s...
Fidelity Bank shareholders will go without dividend in the First-Half of 2021 despite the financial institution reporting revenue growth during the same period. In its financial...
Within the five days of trading this week, Nigerian stock market reported investors traded 1.426 billion shares in 19,315 deals, which is worth N13.073 billion. The...
Investors at the Nigerian capital market lost N145.65 billion following the crash in the equity capitalization by 0.71 percent on Friday. The equity capitalization dropped from...
Seven Northern states and one Southern state have been declared bankrupt based on their internally generated revenue in comparison with their Federal Accounts Allocation (FAA). Jigawa,...
Investors at the Nigerian capital market lost N1.66 billion following the crash in the equity capitalization by 0.01 percent on Thursday. The equity capitalization dipped by...
Cost of a cow in Lagos is set to go up as Miyetti Allah Cattle Breeders Association (MACBAN) said members will sell one for N2 million...
MTN Nigeria’s operational license has been renewed by the telecoms regulator, Nigerian Communications Commission (NCC) after paying N71.97 billion to remain in business. The y’ello network’s...
The market capitalization in the Nigeria capital market crashed by 0.12 percent at the close of business on Wednesday. This followed the drop in the market...
The chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has disclosed that cryptocurrencies are now the new favourite currency for criminal activities. Bawa...
The use of train by Nigerians rose in Q2 2021, with passenger traffic hitting 422.35 percent growth year-on-year as operation of the railway sector exited COVID-19...
Bamboo Systems Technology Limited and Bamboo Systems Tech. Ltd., have received a court order to have the Central Bank of Nigeria (CBN) unfreeze their accounts. The...
Investors traded 355.93 million shares valued at N2.87 billion on Tuesday. This surpassed 210.95 million shares traded in 3,989 deals worth N1.38 billion on Monday. The...
Network providers in Nigeria face a proposed fine of N200,000 if they fail to verify and validate their subscribers’ biometric, National Identity Number (NIN) and other...
Investors lost N4 billion at the start of trading this week following the crash in the market capitalisation by 0.02 percent on Monday. The market capitalization...
MTN and Airtel were the biggest losers of the second quarter of 2021, as both network providers lost a combined 3.52 million data subscribers between April...
The bears have taken over the alcoholic companies as investors take out their investment from Guinness, Nigerian Breweries, International Breweries despite exit from COVID-19 mystery for...
This week’s stocks to watch list consist mostly of companies in the oil and gas sector, a bank and Transcorp, all of which are expected to...