The International Monetary Fund (IMF) on Monday approved the allocation of $3.35 billion from the $650 billion Special Drawing Rights (SDRs) to Nigeria. The decision will...
The Debt Management Office (DMO) has announced an offering for the federal government of Nigeria (FGN) savings bonds at N1,000 per unit. This is according to...
Top players in the Nigerian Palm oil industry, Okomu Oil Palm Company and Presco PLC has announced their audited half-year financial results ended June 30, 2021,...
Cadbury Nigeria suffered a significant decline in export sales during the First-Half (H1) of 2021, analysis of its financial statements for the period has shown. Export...
Speculations have been making the rounds that commercial banks intend to target domiciliary accounts of customers in order to have access to more foreign exchange. There...
Investors in the Nigerian stock market pocketed N30 billion following the rise in the market capitalization to N20.11 trillion at the close of business on Monday....
Nigerian banks on Monday sold the U.S dollars at N412 to Nigerians, check by Ripples Nigeria has shown. While on the street, currency traders price the...
Nigerian manufacturers ran on increased production cost in the first half of the year, as foreign exchange challenges, epileptic power supply continue to batter their bottom-line...
The International Monetary Fund (IMF) has expressed its readiness to grant more loans to Nigeria and other developing countries. IMF stated this in its recently published...
Their capital market and off-market activities decisions are expected to have a positive or negative impact on shareholders’ investment during the course of trading. Ripples Nigeria...
The Nigerian National Petroleum Corporation (NNPC) continues to post operational loss on the three refineries it manages on behalf of the government. NNPC operates Kaduna Refining...
The Nigerian National Petroleum Corporation (NNPC) has announced an increase in the country’s daily supply of Premium Motor Spirit, also known as petrol, in March. This...
International Breweries recorded a profit after tax loss of N11.30 billion in the second quarter of this year as the cost of production eats into the...
Nigeria’s currency lost 2.18 percent of its value to the dollar this week on the parallel market known as the black market. Naira had begun the...
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 Nigerian stock market reported a boost in investment this week, recording a total turnover of 1.374 billion shares in 22,982 deals worth N11.823 billion. This...
Airtel Africa’s controlling stake in its mobile money business, Airtel Mobile Commerce BV (AMC BV), will be cut down following a deal with the Qatar Holding...
Ardova Plc has reported a drop in its revenue due to weak sales in fuel and solar systems. According to its unaudited financial statements for the...
Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to long term funding from First City Monument...
MTN Nigeria produced an exceptional half-year performance, with all key revenue segments increasing from the previous year. Although its mobile subscribers declined by 7.6 million to...
Nigeria’s retail lender, Unity Bank Plc has declared half-year result posting gross earnings of 23.6 billion Naira, which is a 3% increase compared with the corresponding...
Chief executives of banks have responded to concerns about hidden fees in the sale of foreign currency. The CEOs under the aegis of the Committee of...
After two days of pressure, the Naira appreciated against the United States Dollar at the segment of the parallel foreign exchange (FX) market on Thursday. The...
COVID-19 is not totally done with Chemical and Allied Products (CAP) as the company continues to lose a chunk of its profit to the pandemic which...
Seplat ended the second quarter of the year on a high following a 65.8 percent rise in revenue generated during the three months of April to...
The losing streak in the Nigerian capital market reached the third day on Thursday following the drop in the market capitalization to N20.051 trillion at the...
International Monetary Fund (IMF) has warned Nigeria and other countries on the danger of adopting crypto assets as a national currency. The IMF warning followed plans...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has assured the citizens that Bureaux De Change (BDCs) operators are still providing foreign exchange services...
Tesla reported an impairment related to bitcoin investment in its Q2 financial statement for the period between April to June 2021, revealing the carmaker is still...
The Central Bank of Nigeria (CBN) has announced it will commence immediate refund of minimum capital deposits and licensing fees to Bureaux de change (BDCs) promoters...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange...
Investors at the Nigerian capital market lost N5.79 billion at the close of trading on Wednesday. This followed the slump in the market capitalisation to N20.210...
The Nigerian Naira is currently trading at its lowest rates to the dollars ever in the black market, less than 24 hours after Central Bank of...
Nigeria’s commercial city, Lagos State, is losing its appeal among global investors interested in doing business in Africa’s largest economy. According to investment data compiled by...
NICON Insurance Limited and the Nigeria Reinsurance Corporation (Nigeria Re) owned by businessman Jimoh Ibrahim, has been taken over by the Asset Management Corporation of Nigeria...
A rush by shareholders to cash in on a slight increase in the share value of Unity Bank has saw them smiling away with N467.57 million....
The Central Bank of Nigeria (CBN) has disbursed N2.28 trillion across various sectors of the nation’s economy in the last few months. The apex bank disclosed...
The Central Bank of Nigeria (CBN) said on Tuesday non-performing loan ratio in the Nigerian banking sector dropped to 5.7 percent at the end of June....
Investors in the Nigerian stock market N30 billion following a 0.14 percent decline in market capitalisation at the close of trading on Tuesday. The market capitalisation...
Some currency dealers have responded to the Central Bank of Nigeria (CBN) Tuesday’s decision to halt the sale of dollars to Bureau de Change (BDC) operators....
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 percent forecast for Nigeria’s economic growth this year. The institution disclosed this in its World Economic Outlook...
Nigeria’s electronic payment ecosystem continues to show great potential, with transaction values reaching N130 trillion in the first six months of 2021. According to data obtained...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 11.5 percent and all other...
The Central Bank of Nigeria (CBN) has announced that it would no longer sell dollars to Bureau De Change (BDC) operators as of today (Tuesday). Godwin...
Amazon has shutdown reports that it intends to accept bitcoin as a form of payment by the end of the year, stating that the ecommerce giant...
As Nigeria grapples with rising food prices, Aminu Goronyo the president of Nigerian Rice Farmers Association has explained why the cost of rice is skyrocketing in...
On the black market on Monday, the naira climbed against the pound and euro, while the dollar exchange rate remained unchanged from the previous trading session....
