The founder of the Dangote Group, Aliko Dangote, has retained its position as Africa’s richest man in the Bloomberg Billionaires Index. The Kano State-born businessman was...
President Bola Tinubu said on Thursday he approved the unification of the foreign exchange rates in the official and black markets to end the financial haemorrhage...
Virgin Galactic, a spaceship owned by Richard Branson, has made its first commercial flight into space and charged passengers between $200,000 and $450,000 each. The first...
Guarantee Trust Bank (GTBank), Unity Bank, and other lenders are being probed by the Nigeria Data Protection Commission (NDPC) for alleged data breaches. In a statement...
The Nigeria Data Protection Commission (NDPC) on Thursday described the Central Bank of Nigeria’s (CBN) new directive to banks on social media as illegal. The apex...
The naira to the dollar exchange rate in the official market has risen by 39.5 percent in the last six months, higher than 3.59 percent recorded...
Manchester City striker, Erling Haaland, and Paris Saint Germane (PSG) talisman, Kylian Mbappe, lead the list of the latest world’s most valuable starting 11 Haaland and...
A chieftain of the All Progressives Congress (APC), Mustapha Audu, said on Wednesday that President Bola Tinubu’s decision to remove fuel would boost the growth in...
The currency in circulation (CIC) has increased by 7.4% in the first five months of 2023, the Central Bank of Nigeria (CBN) has revealed. In a...
The dollar rate continues to depreciate in the official market, as the average price of the United States currency closed at N763/$1 on Tuesday. Authorised dealers...
The Central Bank of Nigeria (CBN) has set new transaction limits on contactless payments after issuing guidelines for commercial banks and other financial institutions to adopt....
The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Gbenga Adebayo, has disclosed that network providers are considering raising the prices of their...
The Nigerian Police have arrested one suspect linked to the attempted fraud on a Polaris Bank account owned by Anthony Olasele. The arrest was made after...
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas, better known as Cooking Gas, dropped to N4,360.69 in May 2023. This was...
The official market traders recorded a 0.25 per cent or N2 drop in the price of the United States Dollar (USD) at the close of trading...
The Nigerian National Petroleum Company (NNPC) has been accused by a former governor of Bauchi State, Isa Yuguda, of operating a fuel subsidy scam alongside the...
The short battle between Russia and its mercenaries, the Wagner Group, sparked an increase in the price of Brent crude oil during the weekend. At the...
The naira to dollar exchange rate was put at N770.17/$1 at the close of trading, in the official market at the end of last week, according...
Airtel Africa, Sterling Financial Holdings and Transcorp Hotels are some of the stocks to watch this week, as the stock market resumes trading. Ripples Nigeria stocks...
The value of shares exchanged in the Nigerian stock market in the just concluded week was N41.986 billion, traded in 39,764 deals for 3.369 billion shares....
Nigeria’s total public debt has hit N68.9 trillion, according to new figures obtained from the Debt Management Office (DMO), which warned President Bola Tinubu’s Government against...
The Central Bank of Nigeria (CBN) has issued a new warning to banks and other financial institutions regarding their business relationships with Politically Exposed Persons (PEPs)....
The value of investments in the Nigerian capital market crashed by 0.01 percent at the close of trading on Friday. This represented a N4.09 billion dip...
President Bola Tinubu has signed the New Global Financial Pact in Paris, France, after visiting the European country for a summit that bares a similar name...
Fitch Ratings, a credit rating agency, has issued a stable outlook on Stanbic IBTC Holdings Plc handing the Nigerian financial company its National Long-Term Ratings at...
In the investors’ and exporters’ window of the official market, foreign exchange traders transacted the dollar at a rate of N765.13/$1 at the close of trading...
The equity capitalization in the Nigerian capital market dropped by 0.18 percent at the close of trading on Thursday. This represented a N61.35 billion dip in...
The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has called on President Bola Tinubu to consider trade reforms and warned against...
The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has said the foreign exchange (Forex) reforms and fuel subsidy removal by President...
Investors in Unity Bank, Afromedia and other entities in the Nigerian capital market pocketed N116.48 billion at the close of trading on Wednesday. This followed the...
The Petroleum Industry Act (PIA) is a time bomb, according to the Bayelsa State Governor, Douye Diri, who called for its amendment. Diri said the exclusion...
The value of the dollar fell in the investors’ and exporters’ window on Tuesday, as the naira appreciated against the United States currency by 1.78%. According...
The value of investments in the Nigerian capital market rose by 0.16 percent at the close of trading on Tuesday. This represented a N51.8 billion growth...
Despite losing his position as Africa’s richest person due to the naira devaluation, the chairman of the Dangote Group, Aliko Dangote, has praised the policies of...
Airtel Africa has said the devaluation of the naira will affect the revenue of the company in 2023, a statement released by the network provider on...
The dollar rate in the official market has surpassed that of the black market for the first time in the last eight years, a report obtained...
The equity capitalization in the Nigerian capital market rose by 0.02 percent at the close of trading on Monday. This represented a N10 billion growth in...
The Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has informed African Union leaders that he will not invest in their countries if they...
The Central Bank of Nigeria (CBN) has increased the withdrawal limit on domiciliary accounts, as the apex bank continues to reform the foreign exchange policies. CBN...
The United States Dollar was sold at N663.04/$1 at the close of trading in the official market on Friday, as the naira recovered by 5.57%. Authorised...
The Nigerian stock market resumes another five days of trading after last week’s Democracy Day celebration reduced the trading days to four. This week, Seplat, Honeywell...
Aliko Dangote is no longer the richest man in Africa, as South African billionaire, Johann Rupert, displaces him as number one on Africa’s richest list. According...
Nigerian billionaire, Abdulsamad Rabiu, has lost his position on Africa’s richest list to Egyptian billionaires, Nassef Sawiris and Naguib Sawiris, following the naira devaluation by the...
The naira devaluation by the Central Bank of Nigeria (CBN) has reduced the wealth of Africa’s richest man, Aliko Dangote and his countryman, Abdulsamad Rabiu, by...
The cost of one dollar increased by N38.15 kobo in the official market on Thursday, as authorised dealers sold the United States currency at N702.19/$1 at...
Nigerian bourse depreciated in value by 1.31 per cent to N32.23 trillion market capitalisation on Thursday. The decline wiped off N430.10 billion from the stock market’s...
The gap between the official window and the black market was reduced on Wednesday to N96.26, from N288.63 the previous day. Ripples Nigeria gathered that the...
The Central Bank of Nigeria (CBN) has announced plansto end the RT200 FX Programme and the Naira4Dollar scheme by the end of June 2023. Ripples Nigeria...
The President of Kenya, William Ruto, has spoken against the use of the United States Dollar (USD) during trade between African countries. Ruto said traders from...
The foreign exchange rate between the naira and the dollar closed Tuesday’s official market trading with N471.67 per dollar, the FMDQ Exchange revealed. It was learnt...