The Nigerian Organized Private Sector (OPS) has requested clarification on who should get the August Value Added Tax (VAT) collected by businesses, which is due for...
A former deputy governor of the central Bank of Nigeria, Kingsley Moghalu has lamented that the Nigerian government’s involvement in economic issues is the main albatross...
Another week, another reason to include SCOA into Ripples Nigeria’s list of stocks to watch this week, alongside UPDC, United Capital and Champion Brew. These companies...
The week ended with low investment compared to the previous week, as NGX reported investors exchanged 856.289 million shares worth N10.752 billion in 15,663 deals. This...
Nigeria’s external reserves have grown by 3.71 percent, or $1.96 billion, in the last 19 days. According to figures obtained from the Central Bank of Nigeria...
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...
The foreign exchange rate aggregator, Aboxi FX, has suspended the daily updates on foreign exchange rates in the country. The development followed the Central Bank of...
The Central Bank of Nigeria has disbursed a total of N791.9 billion to 3.9 million farmers across the country under its Anchor Borrowers’ Programme (ABP). The...
Nigerians paid 50 percent more for bus and motorcycle trips in August than they did in the same period last year, the National Bureau of Statistics...
The Nigerian capital market rebounded from Thursday’s negative trading to post a 0.08 percent rise in the equity capitalization at the close of trading today. The...
Bureau De Change operators on Friday distanced themselves from abokiFX, saying the foreign exchange rate aggregator does not influence the black market price. A market survey...
The governor of the Central Bank of Nigeria (CBN) Godwin Emiefiele, has advised Nigerians to ignore the black-market exchange rate for the Naira to other foreign...
The monetary policy committee of the Central Bank of Nigeria (CBN) has announced its decision to retain the monetary policy rate (MPR) at 11.5 percent. This...
Nigerian currency sustained its free fall at the unofficial segment of the foreign exchange (FX) market on Thursday. This came as Nigerians feared the prices of...
Union Bank of Nigeria has strengthened its board of directors with the appointment of former Nigerian minister, Aisha Abubakar, following regulatory approval. Abubakar had served as...
The Nigerian capital market slipped back to the bearish territory following the crash in the equity capitalization by 0.14 percent at the close of trading on...
The National Bureau of Statistics (NBS) says Premium Motor Spirit (PMS) popularly referred to as petrol, was more expensive in Abia in the month of August,...
Fan tokens is the new innovation sweeping across the football world thanks to the rise of cryptocurrency in global financial system, which has, however, been banned...
The Nigerian currency continues its free fall against the US dollar on the black market, as it exchanged at N562 per $1 on Wednesday. Wednesday rate...
The Nigerian capital market continued with its slow growth on Wednesday following the rise in the equity capitalisation by 0.12 percent. The total investment in the...
German Chancellor, Angela Merkel, has faulted the Federal Government for failure to execute the Siemens electricity deal almost three years after it was first announced. Merkel...
The year has been a troubled period for shareholders of SCOA Nigeria, as they have lost 60 percent of their investment year-to-date, according to Ripples Nigeria...
After hitting a 48-year low against the US dollar in the black market on Monday, Nigerian currency has started a new journey to another unwanted record....
The National Bureau of Statistics (NBS) on Wednesday announced that Nigeria’s inflation rate reduced by 0.37% to 17.01% in August. The NBS stated this in its...
Investors at the Nigerian capital market gained N2.54 billion on Tuesday following a 0.01 percent rise in the equity capitalization at the close of the day’s...
The Guaranty Trust Bank has directed its staff to take the COVID-19 vaccine before the end of the month or face a 50 percent pay cut....
The value of the Nigerian currency fell further at the black market on Monday, as traders who pay a premium to obtain foreign currencies from independent...
The World Bank has predicted that climate change could force at least 216 million people across the six regions in the world to migrate back to...
The Economic Commission for Africa (ECA) and African Union Commission (AUC) have projected remittances to African countries to fall by 5.4 per cent from $44 billion...
Banking activities in Niger state were shutdown on Monday as commercial banks protested against the state government. This came days after the Niger State Internal Revenue...
The Association of Bureau De Change Operators of Nigeria (ABCON) has offered to assist the Central Bank of Nigeria (CBN) in stopping the Naira’s depreciation. Alhaji...
The Naira began the week at N545 per dollar at the black market, a 3.1 percent depreciation from last Monday’s opening rate. The naira had opened...
SCOA, MTN Nigeria, Oando and Nigerian Breweries made the list of stocks to watch this week, for various reasons that includes market capital and operational activities....
Fidelity Bank shareholders will go without dividend in the First-Half of 2021 despite the financial institution reporting revenue growth during the same period. In its financial...
Today, September 13, makes it 100 days since the federal government suspended the use of twitter in the country costing the Nigerian economy about N247.8 billion,...
The World Bank has banned 55 Nigerian companies for various procurement offences in the last 20 years. In a note obtained by Ripples Nigeria on its...
Within the five days of trading this week, Nigerian stock market reported investors traded 1.426 billion shares in 19,315 deals, which is worth N13.073 billion. The...
Concerned about the Naira-to-Dollar exchange rate, Nigeria’s Central Bank has issued a strong warning to Deposit Money Banks, threatening to revoke their licenses for one year,...
Workers and directors at the Nigerian National Petroleum Corporation’s (NNPC’s) three refineries in the last three years were paid N252.8 billion in salaries and other emoluments....
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...
The Central Bank of Nigeria (CBN) on Saturday dismissed reports on the planned conversion of foreign exchange in domiciliary accounts to Naira. Reports emerged during the...
The days of having to reach the nearest ATM booth or a bank branch to make bank transactions are gone. This is so given the advent...
Investors at the Nigerian capital market lost N145.65 billion following the crash in the equity capitalization by 0.71 percent on Friday. The equity capitalization dropped from...
The United Bank for Africa (UBA) Plc has reported a profit before tax of N76.2 billion in the first half of the year. This represents a...
Seven Northern states and one Southern state have been declared bankrupt based on their internally generated revenue in comparison with their Federal Accounts Allocation (FAA). Jigawa,...
Black market traders appear to have struck gold in recent days, taking advantage of the low liquidity on the foreign currency market as well as Nigerians...
Investors at the Nigerian capital market lost N1.66 billion following the crash in the equity capitalization by 0.01 percent on Thursday. The equity capitalization dipped by...
