The capital market closed negative for United Bank for Africa (UBA) on Monday, as investors engaged in sell-off following the bank’s disclosure of foreign exchange defaulters...
Nigeria has fallen behind Egypt in Foreign Direct Investment, according to the African Development Bank, which released a new report that four African countries accounted for...
The countdown for the official launch of the Central Bank of Nigeria’s (CBN) digital currency, the eNaira, has started, and we are now less that four...
This week’s stocks to watch list includes Stanbic IBTC, Dangote Cement, Pharmdeko, and SCOA Nigeria, as the companies prepare to release their Q3 2021 financials. However,...
Documents in different suits filed by British energy giants, BP and Anglo-Swiss multinational commodity firm, Glencore, have revealed how fees trading firms paid agents to win...
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 Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Saturday the Federal Government needed about $100 billion annually to address the nation’s...
Two investments banks, Goldman Sachs and Bank of America, have projected the crude oil price to hit between $85 and $100 in the coming months. The...
The investment into the Nigerian stock market this week hit N13.921 billion after investors exchanged 1.290 billion shares in 16,745 deals in just five days. This...
The United Bank of Africa (UBA) has published the names, Bank Verification Numbers (BVNs), and account details of some customers accused of violating the Central Bank...
China is the new fear factor in the global cryptocurrency market, as the Chinese government’s recent regulatory decision cost bitcoin investors $21.35 billion – but prospective...
The Federation Accounts and Allocation Committee (FAAC) on Thursday shared N696.9 billion among the three tiers of government as revenue allocation for August. The Director of...
Investors at the Nigerian capital market pocketed N45.9 billion following a 0.22 percent rise in equity capitalization at the close of trading on Friday. The equity...
A United Kingdom-based firm, Stanbic Africa Holdings Limited has increased its control in Stanbic IBTC after acquiring more shares in the Nigerian lender. In a notice...
Dangote Cement board of directors are to meet after the company’s market stock bubble burst, costing shareholders of the firm N78.38 billion in one month. In...
The price of oil reached a two-month high on Thursday, amid a struggle by Nigeria to meet its daily production targets. Data from Reuters showed Brent...
Africa’s leading mobility and logistics companies (GIG Mobility and GIG Logistics) are reportedly reviewing their payment options to include digital currency. Pointers to this development emerged...
The Nigerian capital market rebounded on Thursday rebounded from the previous day’s loss with investors posting an N11 billion gain at the close of business on...
JP Morgan Chase has taken a different seat concerning the economic growth rate of Nigeria in 2021, projecting Africa’s largest economy will continue to experience slow...
The Central Bank of Nigeria (CBN) has given three reasons why the soon to be launched e-naira is different and better than other types of cryptocurrencies....
Former President of Chartered Institute of Bankers of Nigeria (CIBN), Segun Ajibola, said N500 is enough for a Nigerian to feed, as he defends the naira...
The Naira maintained its strong performance against the US dollar in the official market on Wednesday, making it two days in a row of positive trade....
The Director-General of the Progressives Governors’ Forum, Dr. Salihu Lukman, on Wednesday, decried the poor state of Naira. In a paper titled: “Nigeria’s Debt and Struggle...
The Central Bank of Nigeria (CBN) on Wednesday revealed how the digital currency, e-Naira, would boost cross-border trading in the country. The apex bank will launch...
The Nigerian capital market remained in its bearish state with shareholders’ investment crashing by 0.05 percent at the close of trading on Wednesday. This represented a...
Nigeria’s All- products terms of trade (TOT) index decreased by 0.35 percent in the second quarter of the year (Q2’21) as the value of Nigeria products...
Nigerian Professor of Political Economy, Pat Utomi, has described government authorities as bullies behind the failure of businesses operating in Africa’s largest economy. Utomi said regulators...
The Federal Inland Revenue Service (FIRS) has been directed to tax digital transactions across Nigeria, as President Muhammadu Buhari looks to improve FG’s poor revenue generation....
The National Bureau of Statistics (NBS) has revealed that the outbreak of COVID-19 pandemic in 2020, cost 20 percent of Nigeria’s full-time workforce their jobs. This...
The Nigerian currency bounced back at the official market against the United States dollars despite a significant increase in the demand for foreign currencies. Data obtained...
The negative trading on the floor of the Nigeria capital market continued on Tuesday following the crash in equity capitalization by 0.08 percent at the close...
The Central Bank of Nigeria (CBN) on Tuesday ordered traders and other businesses to accept the country’s digital currency, e-Naira, as a legal tender after its...
The official market value of the naira dropped on Monday, the first trade day after the Central Bank of Nigeria vowed to halt the activity of...
The Nigerian capital market slipped back to the negative territory following the crash in equity capitalization by 0.10 percent at the close of trading on Monday....
The Nigerian National Petroleum Corporation (NNPC) has revealed Nigerians consumed 72.29 million litres of Premium Motor Spirit (PMS) also known as petrol daily in May. In...
Nigerian currency is starting the week on a good note at the official market just as the Central Bank of Nigeria (CBN) intensifies effort to reduce...
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...
