The equity capitalization in the Nigerian capital market crashed by 0.31 percent at the close of trading on Thursday. This represented a N111.14 billion dip in...
Abdul Samad Rabiu, the chairman of BUA Cement, has further tightened his control over the cement manufacturer by buying additional 45 million shares. Rabiu, who is...
House of Representatives member, Beni Lar, has warned that the dollar rate could rise to N1000 by December 2023 if the government doesn’t intervene in the...
On Wednesday, the authorised dealers reduced the exchange rate between the naira and the United States Dollar (USD) by N51.42 kobo. The reduction shows the value...
The Senate on Wednesday asked the Federal Government to approach the Finnish Government for the extradition of the self-acclaimed disciple of thedetained leader of the Indigenous...
The Nigerian stock market capitalisation closed trading on Wednesday at N35.74 trillion and the All-Share Index settled at 65,687.16 ASI. By close of today’s session, investors...
The Central Bank of Nigeria (CBN) has ordered banks to unfreeze the accounts of foreign exchange investment, cryptocurrency and Bureau De Change companies. In a circular...
The Central Bank of Nigeria (CBN) will sanction Super Agents over the activities of Point of Sales (PoS) operators should they breach the guidelines of their...
Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, has disclosed that the financial regulator will intervene in the foreign exchange (Forex) market. The...
The Central Bank of Nigeria (CBN) said the country’s economy is exposed to the fluctuation of prices and rates in the petroleum market and the foreign...
The gap between the official and black markets’ dollar rates widened on Tuesday to N59.92 kobo, as the price in the former dropped, while it rose...
The Central Bank of Nigeria (CBN) ON Tuesday raised the Monetary Policy Rate (MPR) from 18.5 percent to 18.75 percent. The Acting CBN Governor, Folashodun Shonubi,...
The Department of State Services (DSS) on Tuesday produced the suspended governor of the Central Bank of Nigeria (CBN) Godwin Emefiele to court. He was brought...
The Federal Government has been warned to hasten negotiations with the Trade Union Congress (TUC) or face workers’ protests over the hardship in the country. According...
FBN Holdings has disclosed the company will conduct a Rights Issue to raise funds to boost its available capital for operational needs. Rights Issue are often...
The FMDQ Exchange reported that the price of the dollar was raised by N14.22 kobo or 1.82 per cent at the end of trading on Monday....
The National Agency for Food and Drug Administration and Control (NAFDAC) has warned against the consumption of Whippy Real Mayonnaise in Nigeria. In a statement issued...
The Federal Competition and Consumer Protection Commission (FCCPC) has threatened to sanction Point of Sale (PoS) operators over the planned increase in transaction charges. In a...
As the stock market resumes trading this week, the stocks to watch are Fidelity Bank, Ecobank and Capital Hotel. Ripples Nigeria stocks watchlist is a selection...
The exchange rate between the naira and the United States Dollar (USD) closed at N777.82/$1 on Friday in the official market, according to the FMDQ Exchange....
The founders of Agropartnerships and Farmforte, Osazuwa Osayi, and Osayimwense Uyi, have been fined N1.2 million for operating an illegal investment company. A five-member panel of...
FBN Holdings was fined for failing to comply with the regulations of the capital market authority, NGX Regulation Limited, for the financial period of 2022. Ripples...
Nigerian bank stocks dominated trading on Friday, as the value of shares traded on the floor of UBA, Access Corporation, Zenith Bank and GTCO crossed the...
The deployment of electric vehicles will lead the Federal Government’s post-subsidy palliatives to cushion the effect of the hike in prices of Premium Motor Spirit (PMS),...
The House of Representatives has set up an ad-hoc committee to investigate the Central Bank of Nigeria (CBN) over its use of the excess crude account...
Foreign exchange (Forex) scarcity will persist in Nigeria as the country’s external reserves fell to the lowest level since August 2021, data from the Central Bank...
In the first half of 2023, the Federal Inland Revenue Service (FIRS) generated N5.5 trillion in tax revenue from the oil and non-oil sectors. However, according...
The naira to dollar exchange rate settled at N768/$1 in the Investors’ and Exporters’ window on Thursday, as the naira appreciated by 3.21 per cent. Ripples...
The Major Oil Marketers Association of Nigeria (MOMAN) has disclosed that the exchange rate used to determine the price of Premium Motor Spirit (PMS) is N825/$1....
The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been threatened with another arrest by Justice Inyang Ekwo of the Federal High...
The naira devalued by 6.83 per cent in the Investors’ and Exporters’ window on Wednesday, as the price of the United States Dollar (USD) was increased...
The upward movement of the Nigerian stock market was halted on Wednesday following selloffs in Geregu Power, Prestige, and more. Ripples Nigeria gathered that the gains...
Following its eight years legal battle with Ecobank Nigeria, Honeywell Flour Mills (HFMP) has been awarded N72.2 billion in damages by Justice Mohammed Liman of the...
Capital Hotel Plc has disclosed that minority shareholders of the company will be paid N5 per share to finalise the firm’s delisting from the stock market....
The FMDQ Exchange revealed that the United States Dollar (USD) was sold at a reduced rate of N742.93 kobo/$1 at the close of trading in the...
The Nigerian National Petroleum Company (NNPC) Limited has quietly increased the prices of Premium Motor Spirit (PMS), Ripples Nigeria has learnt. The prices vary across and...
The largest and majority investors in FBN Holdings, Oba Otudeko, Femi Otedola and Tunde Hassan-Odukale lost a whopping N24.64 billion in one week. Their loss followed...
Conlog, the manufacturer of the prepaid meters used by Ikeja and Kaduna Electric companies, has warned that the meters will cease to operate from November 2024....
On Monday, the authorised dealers reduced their asking price for the United States Dollar to N795.28 kobo/$1 by the close of trading in the official market....
Nigeria’s inflation rate rose from 22.41 per cent in May 2023 to 22.79 per cent for June 2023, according to the latest report released by the...
The Nigerian Institute of Transport Technology has revealed that the Federal Government has approved 9,000 licensed filling stations for the co-location of Compressed Natural Gas or...
The value of foreign exchange transacted in the Investors’ and Exporters’ window dropped to $46.90 million on Friday, as the cost of the dollar rose. Authorised...
Ripples Nigeria stocks watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities for...
The Central Bank of Nigeria (CBN) has released a new bank investor policy that could cause a setback for the majority shareholders of FBN Holdings in...
Geregu Power Plc’s revenue in the first half (H1) of 2023 rose to N34.69 billion, the electricity firm revealed in its H1 financial report for the...
Wema Bank has resumed the use of the naira cards for international transactions but placed a limit on the value of transactions permitted. Last year, Wema...
Standard Chartered has agreed to sell its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access Bank, the subsidiary of Access Holdings. The deal between...
United Capital reported 21 per cent year-on-year growth in its gross earnings in the first half (H1) of 2023, while the firm’s profit after tax increased...
Access Holdings has disclosed that its banking subsidiary, Access Bank, has completed the acquisition of a majority equity stake in Finibanco Angola S.A. Access Bank is...
On Thursday, the gap between the black market and official rates of the United States Dollar rose to N51.6 kobo, according to data obtained from aggregators...