For Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) and those that still doubt the credibility of bitcoin and other cryptocurrencies, Coinbase initial...
The Nigerian National Petroleum Corporation has disclosed that the consumption of Premium Motor Spirit (PMS), across Nigeria reduced by about 814 million litres within one month....
Egypt is demanding $900 million in compensation after the blockade of the Suez Canal in March, and the container ship that caused it has been seized...
Nigeria’s inflation rate rose to 18.17% in March 2021, from 17.33% recorded in the previous month. This represents the highest inflation rate recorded in four years(49...
Persianas, the owners of Palms Shopping Mall, have reportedly acquired Shoprite as the South African company continues the process to leave Nigeria. There have been talks...
The consumption expenditure of companies dropped in 2020, the National Bureau of Statistics (NBS) said on Wednesday. In a new report titled: “Gross Domestic Product: Expenditure...
The cost of preparing meals either with kerosene or cooking gas in Nigerian household increased in March, the National Bureau of Statistics (NBS) has said. In...
The National Bureau of Statistics has revealed that Lagos residents paid the highest price for Premium Motor Spirit (petrol) for March. In its report on price...
Dangote’s Group Executive Director, Strategy, Portfolio Development & Capital Projects, Devakumar Edwin, has expressed surprise that its cement products are sold at an higher price in...
The Department of Petroleum Resources has revealed that BUA group received a license renewal with 27 other investors. The agency had posted the names of the...
Cryptocurrency, Bitcoin is on a bullish run as government policies against it across the world, including Nigeria, seem unable to stop the digital asset from surpassing...
The exchange rate between Naira and the US Dollar closed at N411/1$ in the Importers and Exporters window, where forex is traded officially. According to data...
Due to economic challenges occasioned by the COVID-19 pandemic, Nigeria’s household consumption dropped by N1.6 trillion last year. The National Bureau of Statistics (NBS), which disclosed...
Stakeholders in the Africa Continental Free Trade Area (AfCFTA) have called for private sector participation and creation of compatible trade policies to ensure successful implementation of...
A fresh report of the United Nations regarding food wastage has revealed that food wastage in Nigeria per citizen is the highest in Africa. According to...
The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria. Mr Paul Osu, Head, Public Affairs, DPR, made...
Financial institutions have been issued a new directive by the Central Bank of Nigeria (CBN) as the apex bank extends its clampdown on bad debtors beyond...
Nigeria is to benefit from oil-rich Qatar, as the Arab country plans to invest $5 billion into Africa’s largest economy. The investment decision was made following...
The Naira appreciated by N3 against the US Dollar at the black market of the foreign exchange (forex) market on Monday, to close at N482. This...
The capital market’s share value declined by 0.40 percent on Monday as investors undervalued stocks pushed the All Share Index to 38,712.55. This was below the...
The Chief Executive Officer of Guaranty Trust Bank (GTBank), Olusegun Agbaje, is to earn over N124.8 million for the twelve months period of last year financial...
On this week’s Ripples Nigeria Stocks Watchlist, five companies were selected; MTN Nigeria, Dangote Sugar, BUA Cement, Japaul Gold and Guinness. These companies were selected based...
As bitcoin continues to struggle to remain above $60,000, retail, institutional and high networth Investors are edging it on with their activities in the cryptocurrency market....
The total value of pension assets in the country dropped by N51.30 billion in February, the National Pension Commission (PENCOM) has said. In a figure obtained...
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...
Naira closed the week stronger to the dollar after four days of trading at the I&E window of the foreign exchange market. Naira had opened the...
The Nigerian Stock Exchange ended the week’s trading on a bright note following the rise in the market capitalisation from N20.30 trillion to N20.33 trillion at...
It has been cricket sound in the cryptocurrency space in Nigeria since the Central Bank of Nigeria (CBN) clamped down on the market in the first...
Dangote Sugar has been accused of price fixing by BUA Group. The competitors have been at loggerheads over market dominance, but the rivalry took a different...
Exchange rate of Nigeria’s currency, the Naira, on Thursday closed at N409.65k as against N411.00 it closed on Wednesday at the Investors and Exporters (I&E) forex...
Months after the Central Bank of Nigeria (CBN) banned cryptocurrency trading in the country, the Securities and Exchange Commission (SEC) has also called on the Nigerians...
The Nigerian National Petroleum Corporation (NNPC) on Thursday,revealed its plans to resume active oil exploration in the Sokoto Basin area. This was contained in a statement...
The Central Bank of Nigeria (CBN) has secured series of court orders to freeze 194 bank accounts owned by Bureaux de Change and some firms. The...
The Nigerian stock market continued its slow growth with the market capitalisation increasing from N20.28 trillion to N20.30 trillion at the close of business on Thursday....
MTN has raised N73.50 billion to finance its operation. The capital was raised through bond issuance of series III and Series IV under the commercial paper...
About $3.2 billion was paid to the Nigerian government and its agencies in 2020 by Royal Dutch Shell, the parent company of the Nigerian subsidiary Shell...
Nigeria’s currency on Wednesday weakened further by 0.12 percent following strong demand at the Investors and Exporters (I&E) forex window. After trading on Wednesday naira/dollar exchange...
Nigeria’s national oil company, the Nigerian National Petroleum Corporation (NNPC), has several subsidiaries, two partly owned subsidiaries and 16 associated companies. Among these subsidiaries are Duke...
Telecoms company, MTN Nigeria, has agreed to return to the old percentage for commission on Unstructured Supplementary Service Data (USSD) to Nigerian bank, after a meeting...
The Central Bank of Nigeria (CBN) is to freeze the bank account of Belfour Oil and Gas Limited, Kacynaus Reality Nigeria Limited and many others after...
The Nigerian Stock Exchange rebounded on Wednesday as the market capitalisation rose slightly to N20.286 trillion at the close of business. The equity capitalisation at the...
The Minister of Agriculture and Rural Development, Sabo Nanono, said on Wednesday Nigeria generated $150 million from the export of coconut oil and its derivatives in...
Last year turned out to be a disappointing period for many oil companies, and Seplat Petroleum was one of them as it also recorded significant losses....
The former Permanent Secretary in the Federal Ministries of Internal Affairs, Ajoritsedere Awosika, has acquired 7.10 million shares in Access Bank. Awosika splashed N57.9 million into...
The Lagos Chamber of Commerce and Industry (LCCI) has revealed why many graduates are unemployed. According to National Bureau of Statistics (NBS) data, the total number...
The Debt Management Office on Tuesday opened two new Federal Government of Nigeria savings bonds for subscription at N1,000 per unit. According to information obtained from...
The value of Nigeria’s currency dropped by N1.20k or or 0.29 percent on Tuesday after the Easter celebrations at the I&E window of the foreign exchange...
