The stock market capitalisation continued its decline on Thursday, shedding N706.77 billion to selloffs in Fidelity Bank, and Sovereign Insurance, amongst others. Ripples Nigeria gathered that...
The Organization of the Petroleum Exporting Countries (OPEC) has disclosed Nigeria maintained its position as the largest crude oil producer in Africa in June, while production...
FMDQ Exchange has revealed that the total foreign exchange inflow into the Investors’ and Exporters’ window increased to $1.41 billion in June. During the previous month,...
The Debt Management Office (DMO) has disclosed the Federal Government has redeemed a $500 million Eurobond on its due date. According to a statement by the...
At the end of business hours on Wednesday, the official dollar rate in the investors’ and exporters’ (I&E) window depreciated slightly by N5.93 kobo. This shows...
Losses in FBN Holdings wiped off N883.39 billion from the Nigerian capital market on Wednesday. The trading losses brought down the market capitalization from N35.75 trillion...
The owners of Barbican Capital Limited, and its affiliate, Honeywell Group, Obafemi Otudeko and Foluke Oyeleye, will meet with stakeholders of FBN Holdings this week. Ripples...
Shareholders of First Bank of Nigeria (FBN) Holdings lost about eight per cent of their investment on Wednesday, as the rift between Oba Otudeko and other...
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTO) to add naira as a payment option for diaspora remittances. CBN said the...
Nigeria’s crude oil production quota will be renegotiated in November, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has...
The acting comptroller-general of the Nigerian Customs Service (NCS), Wale Adeniyi, said some land borders remain shut, but a review is ongoing to determine the purpose...
The naira to dollar rate in the investors’ and exporters’ window of the official market closed at N788.42/$1 on Tuesday. According to the FMDQ Exchange, the...
The Receiver Manager acting on behalf of Ecobank Nigeria Limited, Kunle Ogunba and Associates, has demanded that First Bank of Nigeria (FBN) Holdings reject the acquisition...
The National Union of Air Transport Employees (NUATE) has stated that there’s a need to invest in Arik Air for the airline company to survive. NUATE...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that the Nigerian National Petroleum Company (NNPC) Limited has cancelled their pre-subsidy removal agreement. According to...
The foreign exchange (Forex) traders closed official forex trading on Monday with one dollar selling at N744.07/$1, dropping from N776.90/$1 reported at the end of Friday’s...
Lagos State attracted the highest capital importation by states in the first quarter (Q1) 2023, as Nigeria’s total capital importation stood at $1.13 billion in the...
The stocks to watch this week are First Bank of Nigeria (FBN) Holding, Conoil and Ikeja Hotel. Their operational and stock market activities pushed them into...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pinpointed a marketer, whose truck was used by vandals to steal fuel from a pipeline in the...
After five days of trading, the Nigerian stock market saw investors exchange 9.831 billion shares in 54,478 deals, worth N145.408 billion, between Monday to Friday. Investments...
In the first quarter of 2023, Nigerian aviation market recorded 2,791,591 passengers, according to data from the Nigerian Civil Aviation Authority (NCAA). Breakdown of the passenger...
Rapper, Shawn Carter, popularly known as Jay Z, has acquired the Brazilian football agency managing Vinicius Jr, TFM Agency, as his US agency expands into South...
Barbican Capital has acquired 4.77 billion shares of First Bank of Nigeria (FBN) Holdings. FBN Holdings confirmed the development in a notice sent to the Nigerian...
The Nigerian capital market posted a N555 billion gain at the close of trading on Friday. This followed the rise in the value of investments in...
The Manufacturers Association of Nigeria (MAN) and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) have commended the suspension of the excise...
The establishment of the presidential committee on fiscal policy and tax reforms has been approved by President Bola Tinubu, a day after signing executive orders to...
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Olu Adeosun, has stated that oil marketers are considering possibilities of bringing down the cost...
The FMDQ Exchange, the official foreign exchange aggregator, revealed that the price of the dollar increased by N20.32 kobo on Thursday. According to the dollar rate...
Conoil Producing Limited has been accused by Eastline Energy Resources Limited of being a corporate fraud and allegedly having a felon as a director in the...
The Federal Government has launched an investigation into price-fixing involving point of sale (POS) operators, warning that it will sanction those found guilty. This was disclosed...
The International Monetary Fund (IMF) has advised Nigeria and other countries to tax cryptocurrency transactions to raise government revenue. IMF said countries can generate value-added taxes...
The naira to dollar rate closed trading activities at N742.31/$1 on Wednesday in the investors’ and exporters’ window of the official market. In a foreign exchange...
The average fare for intercity bus transport in Nigeria increased by 9.09 per cent on a year-on-year basis to N4,002.16 in May, transportation data obtained from...
The impact of fuel subsidy removal on the cost of operations didn’t stop the increase in employment and new businesses in Nigeria, a new report has...
The average black market dollar rate was N769.6/$1 on Tuesday, as the Bureau De Change (BDC) operators reduced their asking price. They dropped the price of...
PricewaterhouseCoopers’s (PWC) Africa tax leader, Taiwo Oyedele, has warned that the Value-added tax Direct Initiative (VDI) of the Federal Government could lead to the exploitation of...
The largest oil drilling markets in Africa are now in Nigeria and Angola, as TotalEnergies renews interest in the West African nation’s offshore Baltic rig. Angola...
President Bola Tinubu met with a delegation from the Shell Petroleum Development Company (SPDC), amid the reform of the oil sector. Tinubu appealed for continuous investments...
Authorised dealers sold the United States Dollar (USD) at a reduced rate of N741.50/$1 in the investors’ and exporters’ window of the official market on Monday....
The Federal Inland Revenue Service (FIRS) will start collecting taxes from market traders or the informal sector on behalf of the Federal Government. In a statement...
Russia and Saudi Arabia have announced additional cuts in their crude oil production output for August, as the Organisation of the Petroleum Exporting Countries (OPEC) extended...
The President of the Association of Distributors and Transporters of Petroleum Products (ADITOP), Lawan Dan-Zaki, has stated that the foreign exchange (Forex) rate will determine the...
This week, the stocks of Nigerian banks, telecommunications companies and Berger Paints are on the watch list due to operational and stock market activities last week....
The naira to dollar exchange rate traded as high as N841/$1 in the official market on Friday, with foreign exchange traders increasing the value of transactions...
The World Bank has projected Nigeria’s inflation rate to reach 25 percent this year due to the removal of fuel subsidy. The World Bank had in...
Investors in the Nigerian capital market traded 2.314 billion shares valued at N41.547 billion in 28,095 deals in three days last week. This however fell short...
The Twitter owner, Elon Musk, has set a limit to the number of posts users on the platform can read per day. In a series of...
Railway-related debt service costs the Federal Government $62.66 million in the first quarter of this year. Data obtained from the Debt Management Office (DMO) by Ripples...
The equity capitalization in the Nigerian capital market rose by 1.42 percent at the close of trading on Friday. This represented a N467.95 billion growth in...
The Nigeria Communication Commission (NCC) has directed telecommunications companies in Nigeria to deactivate phone lines unused for six consecutive months for Revenue Generating Event (RGE). The...