The Federal Government has restored the work permit and other necessary documents of the Chief Executive Officer of Seplat Energy, Roger Brown. Ripples Nigeria previously reported...
Godwin Emefiele has been accused by George Uboh, the Chairman of the George Uboh Whistleblowers Network, of detaining him for 101 days in 2019. Uboh claimed...
While the official market was on break on Monday due to the public holiday to celebrate Nigeria’s Democracy Day, the black market recorded a meltdown in...
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has commended the Nigerian government for accepting the Fisheries Subsidies agreement. Nigeria submitted its acceptance to...
Air Peace’s Chief Operating Officer, Toyin Olajide, has described the comments made against the firm by the former Aviation Minister, Hadi Sirika, as spurious. On Monday,...
Going into the Nigerian stock market this week, note that Eterna, BUA Cement and Nigerian banks are the stocks to watch. This week, the stock market...
The naira appreciated in value against the dollar on Friday, trading at N754.5/$1 in the black market, in contrast with the N756.8/$1 reported on Thursday. However,...
Amid the prosecution of Godwin Emefiele, the spokesperson to Yemi Osinbajo, the immediate past vice president of Nigeria, Laolu Akande, has been criticised for his allegation...
The operations of Binance Nigeria Limited, a subsidiary of the cryptocurrency exchange, Binance, have been declared illegal by the Securities and Exchange Commission (SEC). In a...
The Chairman of the Association of Licensed Telecoms Companies of Nigeria (ALTON), Gbenga Adebayo, said the network providers have sent Unstructured Supplementary Service Data (USSD) withdrawal...
A former aviation minister, Isa Yuguda, has disclosed that Richard Branson, the founder of British multinational venture capital conglomerate, Virgin Group, was chased out of Nigeria...
The economic ambition of President Bola Tinubu to increase Nigeria’s Gross Domestic Product (GDP) growth rate by 6% is not feasible, according to KPMG Nigeria. Tinubu...
At the black market on Thursday, the average rate of the dollar was N756.8/$1, indicating the price offered in the Bureau De Change window went up...
The National Bureau of Statistics (NBS) has revealed in its ‘Tax-to-GDP Ratio Revised Computation (2010-2021)’ report that Nigeria’s tax revenue to gross domestic product (GDP) is...
Governor of Nasarawa State, Abdullahi Sule, said governors supported the removal of fuel subsidy thinking it will enable them to have sufficient funds to pay salaries....
The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have revealed that both agencies will establish a Joint Audit or Investigation Team...
The black market recorded a decline in the value of the naira on Wednesday, as the Nigerian currency depreciated by -0.14%, Naira Rates, a parallel forex...
Tingo Group, a Nigerian fintech company, and the All Farmers Association of Nigeria (AFAN) has put a lie to allegations made against the firm by Hindenburg...
Car-hailing drivers in Nigeria under the umbrella of the Amalgamated Union Of App-Based Transport Workers Of Nigeria (AUATWON), have demanded Uber and Bolt reduce their commissions....
U.S. investment research firm, Hindenburg Research, has alleged that Tingo Group, a fintech company owned by Dozy Mmobuosi, is a scam. In a report released on...
The naira continues to depreciate in the black market, as the cost of the dollar increased by 1.2% or N9.5 kobo on Tuesday to N753.4/$1. On...
Companies operating in the Nigerian oil and gas sector have dominated trading activities in the capital market in the last week as investors mop up oil...
BUA Cement, owned largely by the billionaire, Rabiu Abdulsamad, has obtained a $500 million loan from international creditors, the company disclosed in a corporate filing obtained...
In the first quarter of 2023, Nigeria recorded N6.49 trillion in export trade, which is an 8.7% decline year-on-year when compared to N7.1 trillion in Q1...
Foreign exchange traders in the black market sold the dollar at an average rate of N743.9/$1 during trading on Monday, as the value of the naira...
The value of investments in the Nigerian capital market crashed by 0.02 percent at the close of trading on Monday. This represented a N7.50 billion dip...
The majority shareholder in Ardova Plc, Ignite Investments & Commodities Limited, has increased the buyout price offered to minority investors in the oil company. In a...
The International Air Transport Association (IATA) has revealed that Nigeria tops the list of countries with the highest airlines funds blocked from repatriation. According to media...
The Nigerian stock market resumes this week with high hopes following an impressive run last week, and there are three stocks to watch during trading activities;...
The Nigerian stock market opened for four days in the just concluded week due to the public holiday on Monday, in celebration of the Presidential inauguration...
Unity Bank’s gross earnings closed 2022 with N57 billion, against the N50.2 billion reported in 2021, indicating 13.1% year-on-year growth. This was disclosed in a statement...
The Central Bank of Nigeria (CBN) fined FBN Holdings subsidiary, First Bank of Nigeria Limited, N13.5 million for fraudulent dealings and other contraventions in 2022. In...
First Bank of Nigeria (FBN) Holdings recorded a 9.8% drop in net profit at the end of 2022, despite growing its total earnings and Net Interest...
The foreign exchange rate ended trading on Thursday at a rate of N464.67/$1 in the official market, the same rate the dollar closed on Wednesday. This...
The President of the World Bank Group, David Malpass, has warned against the parallel exchange rate, stating that it impedes foreign investment, affects the bank’s projects,...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, said on Thursday the price of Premium Motor Spirit (PMS) would drop...
The Deputy President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Zarama Mustapha, said the price of fuel can’t fall below N500 per litre. Mustapha,...
The Central Bank of Nigeria (CBN) has refuted a report that the naira has been devalued and the dollar rate increased to N631. A report emerged...
The foreign exchange (forex) rate between the Naira and the United States Dollar settled at N464.67/$1 on Wednesday in the official forex market. This is above...
It seems Nigerians will face hardship in the months to come as the Nigeria National Petroleum Corporation Limited (NNPCL) on Wednesday announced an upward adjustment in...
President Bola Tinubu’s statement on fuel subsidy has resulted in panic buying among Nigerians and some filling stations have resorted to profit from the chaos. On...
The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, said the removal of fuel subsidy will make Nigeria great....
The Nigeria Labour Congress (NLC) and the Federal Government are to meet on Wednesday over the plan to remove petrol subsidy. According to the NLC national...
Buoyed by President Bola Tinubu’s promise to investors in his inaugural address, the Nigerian capital market on Tuesday recorded the biggest growth in the value of...
President Bola Tinubu’s decision to remove fuel subsidy has received backing from the Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPC) Limited, Mele...
The chairman of United Bank for Africa (UBA), Tony Elumelu, has acquired more shares in the deposit money bank, a new corporate filing has shown. Elumelu...
President Bola Tinubu said on Monday his government would review the policy on the redesign of the naira notes initiated by the Central Bank of Nigeria...
Black market rates for Dollar, Pound and Euro depreciated on Monday, as Muhammadu Buhari handed over the presidential reins of power to Bola Tinubu. The average...
President Bola Tinubu has hinted that there will be a thorough house cleaning in the Central Bank of Nigeria (CBN) to ensure Nigeria becomes a country...
On Monday, the stock market will not open due to the Presidential inauguration of President-elect, Bola Tinubu, however, on Tuesday, the bourse will open for investments....