The Nigerian stock reported investors traded 2.179 billion shares worth N21.963 billion in 22,438 deals this week. This week’s investment was above the N16.183 billion pumped...
Nigeria has refused to join other nations to sign a historical agreement on the 15 percent taxation of multinational companies. The agreement will see corporations pay...
Nigeria’s foreign reserves had increased by $1.40 billion in the last seven days, according to the Central Bank of Nigeria. The data for the last seven...
Despite accusing black-market operators of exchange rate manipulation, the Central Bank of Nigeria (CBN) has been displaying the incorrect Naira to the dollar exchange rate on...
The equity capitalization at the Nigerian capital market rose by 0.1 percent at the close of trading on Friday. Consequently, the equity capitalization increased by N20.43...
The International Monetary Fund (IMF) said on Friday inflation rate would rise higher in Nigeria and other emerging markets than in advanced economies by end of...
MTN Nigeria is going ahead to borrow almost N90 billion from the debt market to fund its domestic operations. The credit will be obtained through bond...
Investors at the Nigerian capital market gained N33.32 billion following a 0.15 percent rise in equity capitalization at the close of trading on Thursday. The equity...
President Muhammadu Buhari has blamed the organised labour for the country’s dwindling revenues due to the continued payment of fuel subsidies. Buhari made this assertion during...
In order to drive the revenue generation to boost the country’s coffers, President Muhammadu Buhari has highligthed strategies being enacted by his administration towards the mandate....
President Muhammadu Buhari’s special assistant on digital/new media, Tolu Ogunlesi, has stated that the ongoing negotiation between the Federal Government and Twitter is not bordered on...
The Federal Government recorded a fiscal deficit of N3.48 trillion in the first six months of this year as weak revenue and debt servicing continue to...
Investors pocketed N26 billion as the negative sentiment faded at the Nigerian stock market on Wednesday. The development followed the 1.3 percent rise in equity capitalization...
The Federal Executive Council (FEC) on Wednesday approved the 2022 budget proposal of N16.39 trillion. President Muhammadu Buhari will present the 2022 budget to the joint...
In dealing with cryptocurrency trading, the United State’s Security and Exchange Commission (SEC) has stated that it will not go the way of Nigeria and China,...
Managing Director/CEO, of the Nigeria Ports Authority (NPA) Mr. Yusuf Bello has listed out challenges which lead to congestions at the ports. He blamed the congestion...
Nigerian states including local governments might face financial difficulties in the coming months as the rise in oil prices means a larger chunk of oil revenue...
The equity capitalization at the Nigerian capital market rose by N266 billion or 1.2 percent at the close of trading on Tuesday. This followed the increase...
Bitcoin found its way back to $50,000 in value weeks after China’s regulatory clampdown on all forms of cryptocurrencies triggered negative sentiment in the crypto community....
There’s a popular adage in Nigeria saying, “Follow the person that knows road” but when the guide is missing, what happens? Many Nigerians were in this...
The Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that the Nigerian National Petroleum Corporation (NNPC) imported 100 per cent of 1.74 billion Premium Motor Spirit,...
For the first time in three years, oil prices jumped to above $80 on Monday as the Organisation of Petroleum Exporting Countries (OOEC) and its allies...
A former Deputy Governor of the Central Bank of Nigeria (CBN), Tunde Lemo, said on Monday Ghana has upstaged Nigeria as an attractive destination for foreign...
Facebook Founder, Mark Zuckerberg’s net worth fell by 5.21 percent at the end of trading on Monday following the crash of his social media companies, Facebook,...
Investors at the Nigerian capital traded 202.35 million shares valued at N1.86 billion in 4,066 deals on Monday. However, this investment was lower than the 1.04...
Airtel Africa PLC has announced a move to buy back shares held by its Nigerian subsidiary Airtel Networks Ltd. It has initiated a process to buy...
The Nigerian currency is starting the week strong after recording an impressive gain to the U.S dollars before the independence celebration break. According to data from...
Sterling Bank, Dangote Cement, Mansard, and University Press made it into the stocks to watch list of Ripples Nigeria this week mostly because of their capital...
The International Monetary Fund (IMF) has renewed its call against the adoption of Bitcoin and other cryptocurrencies, citing economic risk among others. In a statement issued...
Despite trading for just four days due to the public holiday declared by the Federal Government to mark Nigeria’s 61st independence anniversary on Friday, the nation’s...
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 Organisation of the Petroleum Exporting Countries (OPEC) said Africa would reduce dependence on oil importation as it strives to meet the projected production output for...
Justice Taiwo Taiwo of the Federal High Court, Abuja, on Thursday urged the Central Bank of Nigeria (CBN) to adequately compensate ENaira Payment Solutions Limited for...
Justice Taiwo Taiwo of the Federal High Court, Abuja, on Thursday gave the Central Bank of Nigeria (CBN) the approval to use the eNaira for its...
The former governor of the Central Bank of Nigeria (CBN) Lamido Sanusi, has said he believes financial technology startups in Nigeria will become bigger than commercial...
The Central Bank of Nigeria (CBN) has denied that the website of eNaira, the country’s digital currency, was down earlier today, same day the CBDC was...
President Muhammadu Buhari said two modular refineries will be completed between this year and 2022 in line with his administration’s Roadmap on Local Refining. This follows...
The Central Bank of Nigeria (CBN) has postponed the launch of its digital currency, eNaira. The CBN’s Director of Corporate Communications, Osita Nwanisobi, disclosed this in...
The National Bureau of Statistics (NBS) said on Thursday a total of 5.3 million domestic passengers in Nigeria travelled by air between January and June this...
The Nigerian stock market sustained its bullish run with a 2 percent rise in equity capitalization at the close of trading on Thursday. The equity capitalization...
Close to the official launch of Nigeria’s digital currency, eNaira, Ripples Nigeria spoke with Natalie Hartman, Vice President, Marketing, of Bitt Inc, the foreign firm contracted by the...
The Corporate Affairs Commission (CAC) said it has completed the incorporation of the Nigerian National Petroleum Company (NNPC) Limited in line with the new Petroleum Industry...
Investors at the Nigerian stock market pocketed N380 billion as the bourse rebounded from three consecutive losses at the close of trading on Wednesday. This followed...
The Federal Government is owed N2.659 trillion ($6.48 billion) by 77 oil and gas companies, the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed. NEITI said...
A cease and desist letter has been sent to the Central Bank of Nigeria (CBN) regarding the use of the name “eNaira for its soon to...
The losing streak at the Nigerian capital market continued on Tuesday following a 0.01 percent crash in equity capitalization at the close of the day’s business....
Nigerian banks earned N172 billion in revenue from account maintenance and electronic transaction fees charged to their customers in the first half of this year. First...
The bears are lurking around Sterling Bank, and their presence is hindering the lender from hitting a price bubble which the bulls have been aiming for...
On Monday, oil prices sold above $80 per barrel, a massive 100 percent difference from the $40 per barrel projected in the 2021 budget. Monday closing...
Investors at the Nigerian capital market lost N51.03 billion at the close of trading on Monday. This followed a 0.25 percent crash in the market capitalization...
