MTN Nigeria generated N1.34 trillion last year, recording a growth when compared to its 2019 earnings, but analysis of the telecoms financial statement showed MTN Nigeria...
Dangote Sugar has released its financial statement for the year ended December 2020, which disclosed the company’s revenue rose by 33.03 percent in twelve months, despite...
The Federal Government has entered into a partnership with Crown Flour Mill (OLAM grains) to expand wheat production in the country, according to the agriculture minister,...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised Nigerians to stop panic buying and stocking Premium Motor Spirit (PMS) popularly known as petrol. Alhaji...
During trading last week, there were five companies that got caught the eye of Ripples Nigeria with their trading activities and corporate decisions, which investors need...
Nigeria’s Diaspora remittances recorded 500 percent increase in inflow since the Central Bank of Nigeria (CBN) directed all International Money Transfer Operators (IMTO) to allow remitters...
Before bitcoin became the new catch among investors’ community, there were other investment options. From Gold to bond and stocks, investors had various asset options to invest...
The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that there is no plan to increase price of Premium Motor Spirit (PMS) otherwise called petrol in...
The Governor of Central Bank of Nigeria, Godwin Emefiele, said on Friday the Nigerian economy is on track for full recovery this year. The Nigerian economy...
Despite the COVID-19 pandemic, MTN Nigeria, Nigeria’s largest mobile telecommunication operator, recorded a 15.1 percent increase in revenue in 2020. In the firm’s audited consolidated and...
Ikeja Electric (IE) Plc said on Sunday all unmetered customers under its unit have now been scheduled for metering under the National Mass Metering Programme (NMMP)....
The Shell Petroleum Development Company (SPDC) has stated that it has positioned itself to meet Nigeria’s daily domestic gas demand, projected to hit five billion standard...
An envisaged resuscitation of the Ajaokuta Steel Plant has been stalled by the coronavirus pandemic, according to the Minister of Mines and Steel Development, Olamilekan Adegbite....
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
The Nigerian stock market, in the week gone by was mostly in a bearish territory, but it managed to pull a total turnover of 1.930 billion...
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, said on Saturday arrangement is being made to enable the Dangote Refinery to sell refined crude to...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has expressed concerns over the rising rate of inflation within the country. The surge...
The Nigerian Communications Commission (NCC) has revealed that it will sanction telecom providers forcefully subscribing consumers to value-added services (VAS). This warning was contained in a...
The Nigerian stock market ended the last day of trading week on a bearish note, as the equity capitalisation plunged to N20.82 trillion on Friday, having...
Nigeria’s Vice President, Prof Yemi Osinbajo, on Friday asked the Central Bank of Nigeria (CBN) to regulate cryptocurrencies instead of prohibiting them in the country. Ripples...
In the last one year, the price of essential food items such as onions, gari, maize have skyrocketed by as much as 40 percent in many...
Jack Dorsey-led microblogging site, Twitter, announced, on Thursday, its intent to place charges on exclusive tweets and contents. The company, in its resolution during the annual...
Three substantial stakeholders in Ellah Lakes are planning to sell part of their shares in the oil palm company as Ellah Lakes nears deadline of non-compliance...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday, February 26, said the revenue gained from the removal of petrol subsidy should be used for...
The new partnership deal between Africa’s leading logistics service provider, GIGL, and American multinational financial services corporation, Visa, is a major milestone for both players. The...
The Nigerian Electricity Regulatory Commission (NERC) has revealed that Nigeria may be forced to cut off power supply to the Republics of Niger and Benin over...
The Lagos State Government (LASG), Nigeria Ports Authority (NPA), and other stakeholders have agreed to adopt a new electronic call-up system for trucks scheduled to commence...
Major Oil Marketers Association of Nigeria has revealed that over N10.7 trillion was expended on fuel subsidy in the last 10 years. Chairman of the association,...
Unilever is in the process of setting its tea business into a standalone company to improve its competitiveness in the tea business in Nigeria and across...
Microsoft founder, Bill Gates, says he does not plan to invest in bitcoin following the massive investment from other billionaires and corporate organisations which has increased...
The Nigerian stock market failed to maintain its bull run on Thursday as the market capitalisation closed at N20.97 trillion, below the N21.043 trillion the equity...
The Federal Government has described as a welcome development the rising price of crude oil in the global market, saying, “this is a good omen for...
Troubled financial company, Deap Capital Management and Trust Plc is struggling to overcome its financial woes as investors are running away from it, even as the...
Nigerian Aviation Handling Company (NAHCO) has suspended its Group Managing Director and Chief Executive Officer, Adetokunbo Fagbemi, silently for four weeks without notifying the investing public....
Two of the big four accounting firms Pricewaterhouse-Coopers (PwC), KPMG, including Boston Consulting Group, McKinsey are jostling to be advisers to the Nigerian government as it...
The Organisation of the Petroleum Exporting Countries Plus (OPEC+) will consider loosening the grip on crude oil price as it skyrockets to its highest in a...
Nigeria’s external reserves have declined by 408.2 million in one week or 1.34 percent to $35.27 billion as of February 22, 2021 from $35.75 billion in...
Despite reconstructing its total shares to look appealing to investors, existing shareholders are dumping their holdings in Lasaco to protect their losses – this shows the...
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has stated that the Finance Bill 2020, was designed to reduce import duties on some...
Nigeria’s bourse continued to bask in its bull zone on Wednesday as investors closed the stock market with a N27 billion gain. Trading on the floor...
One of Bitcoin promoters, Microstrategy, has purchased more holdings as Bitcoin trade sideways in the past one week following a bullish run which saw the currency...
The Nigerian Electricity Regulatory Commission (NERC) has stated that a total of 8.734 million Megawatts-hour (MWh) of electricity was generated in the second quarter of 2020....
Nigeria’s alcoholic industry has been finding it difficult to operate in recent years, with alcohol companies struggling to maintain a slow growth, as the industry gets...
Nigeria’s currency on Tuesday gained 0.34 percent to close at N408.60k per dollar compared to N410.00k closed since two days at the Investors and Exporters (I&E)...
Despite the current crippling nature of the Nigerian economy, the citizens spent more money on beer last year, Ripples Nigeria reports. The analysis of financial statements...
Renewed investors’ interest in Nigeria’s capital market lifted the bourse out of the bear territory on Tuesday as it rallied round to slightly increase the equity...
Zenith Bank has released its financials for the Full Year period of 2020, with the lender reporting revenue growth for the period which saw most deposit...
