The Federal High Court has backed the charges placed on current account maintenance by the Central Bank of Nigeria (CBN). The CBN had issued a directive...
Ten Nigerian banks lend N14.36 trillion to retail and corporate customers in nine months 2020, with nine banks increasing their loans to both segment of customers,...
Nigeria’s stock market continued to plunge after the All-Share Index (ASI) dropped to 54.15 basis points on Tuesday. Trading on the floor of the Nigerian Stock...
The International Monetary Fund (IMF) has stated that Nigeria is at a critical point, with the country’s economy projected to record a sluggish growth following its...
The International Monetary Fund (IMF) has projected that for every N100 earned in 2021, Nigeria will be spending N60 servicing its fast-growing debts. This was revealed...
The International Monetary Fund (IMF) on Monday urged the Central Bank of Nigeria (CBN) to stop financing the Federal Government’s budget deficits in order to stop...
The Nigerian bourse dipped at the close of trading on Monday following a decline in the stock market capitalization. Activities at the stock market ended with...
The data war between the network providers in Nigeria is getting more intense. However, it ended with Airtel Nigeria, MTN Nigeria and 9mobile making the losers’...
One of Africa’s largest food and infrastructure conglomerates, BUA Group, has acquired one million doses of AstraZeneca COVID-19 vaccines for Nigeria. The company, which disclosed this...
Nigeria’s Naira is one of Africa’s low-performing currencies so far in 2021 after dropping 2.85 percent of its value against the United States dollar in the...
Two days after the Central Bank of Nigeria (CBN) banned cryptocurrency, the Tesla founder, Elon Musk, has thrown his weight behind Bitcoin. There have been debates...
February is the month of love, but investors seem to have none for Access Bank at the stock market as Ripples Nigeria discovered one week-long sell-off...
The National Bureau of Statistics (NBS) on Friday last week, revealed that Nigeria’s Foreign Direct Investment (FDI) recorded a drop by 59.65 percent in 2020 to...
In one day, Nigerian government, through the Central Bank of Nigeria (CBN) strangled the budding cryptocurrency market in the country, and this decision has sucked the...
The Nigerian Stock Exchange was mostly bearish last week, as investors across several companies engaged in a sell-off to protect their profit, while others dumped shares...
The GIG Logistics delivery app, GIGGo version 2.2.3, continues to enchant users since its first launch into the market in 2019 as a delivery console. With...
The Central Bank of Nigeria (CBN) said on Sunday it would continue to educate Nigerians on the danger associated with cryptocurrency transactions despite criticism by groups...
The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of N13.43billion in November last year. The figure was a 54 percent increase from N8.71billion surplus...
Sterling Bank and Prestige Assurance have both barred their directors and employees from trading in their companies shares at the stock market. The ban, according to...
The decision of the CBN, on Friday, February 5, to issue a mandate to all commercial banks regarding the embargo on the transactions of crypto-currency elicited...
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...
The first week of February wasn’t good for the Nigerian capital market as the Nigerian bourse lost N300 billion in market capitalisation having opened the week,...
The week ended on a high note, with tension across the tech space when, on Friday, the Central Bank of Nigeria announced the henceforth banning of...
The World Bank has approved a $500 million loan to improve access to electricity in Nigeria and expand the metered network of power distribution companies. The...
Changpeng Zhao, the founder of the largest cryptocurrency exchange platform in the world, Binance, has provided options on how Nigerians can safeguard their money following a...
The Nigerian Electricity Regulatory Commission (NERC) said on Friday 62.63 percent of electricity consumers in the country were on estimated billing as of September 2020. NERC...
The bearish run in the Nigerian capital market continued on Friday as the trading floor on the Nigerian Stock Exchange (NSE) was flooded with profit-taking investors....
The Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu, who announced this in a circular dated February 4, said the airline was suspended...
Twenty six states in Nigeria including Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Katsina, Kebbi, Kogi, and 10 other...
The volume of capital imported into Nigeria in 2020 dropped by 59.65 percent in 2020 dropping from $23.99 billion in 2019 to $9.68 billion in 2020....
The Central Bank of Nigeria (CBN) has reportedly banned the use of Bitcoin and other cryptocurrencies in Nigeria, three months after the country became the second...
Ecobank is planning to raise funds from foreign investors amid declining interest in its shares in Nigeria and falling revenue. The company wants to use the...
The National Pension Commission (PenCom) says the total assets under the contributory pension scheme (CPS) rose by N2.1trillion to N12.3 trillion from N10.2 trillion as of...
Nigerian-owned audit firms are stuck in the shadow of foreign accounting firms known as the Big Four, losing a large chunk of revenue generated in the...
Sustaining Federal Government workforce has cost the country over N25 trillion in 11 years according to data from the budget office analysed by Ripples Nigeria. Although...
The management of Nigerian Breweries has rejected the ruling by the Ondo State High Court which directed the company to pay N169 million as haulage fee...
CBO Capital Partners Limited and Blackman & Company Limited have acquired stakes in Nigerian palm oil company, Ellah Lakes. Ellah Lakes disclosed this in a note...
Investors’ appetite in the Nigerian Stock Exchange (NSE) remained low for the third consecutive days as deals in the capital market dropped to 4,753 at the...
Royal Dutch Shell has expressed concern for its Nigerian onshore oil operations following continued theft and sabotage, describing it as becoming a headache. Speaking to Journalists...
The last six months of 2020 was a bad period for MTN Nigeria, as the company’s telephone subscribers dumped its Y’ellow network within three months. Ripples...
In order to improve investment decisions and identify sectors of Nigerian economy that require government intervention, the Federal Government has partnered with the World Bank to...
The international oil benchmark, Brent crude, rose further on Thursday, trading near $59 per barrel according to data from Oilprice.com. As at 11.00am Nigeria time, data...
Ardova Plc rebounded after previous day loss to lead the top gainers chart at close of market on Wednesday. The Nigerian Stock Exchange closed trading with...
The Economic And Financial Crimes Commission (EFCC) has obtained a court order for the arrest of Managing Director, ExxonMobil Nigeria, Richard Laing. The anti-graft agency had...
Cutix founder, Gilbert Uzodike, has acquired more shares in the electronic company weeks after Cutix released its earnings forecast for the fourth quarter of 2020. The...
Nigerian Communications Commission (NCC) has revealed that network providers, Globacom and 9mobile, failed to meet the industry’s key performance indicators (KPI) in 19 states, while their...
World Bank Senior Economist, Gloria Joseph-Raji, has said Nigerian government’s inability to curb economic challenges will make 15 to 20 million Nigerians poorer by 2022. Joseph-Raji...
Over N6.589 trillion was received by eight oil-producing states from the Federation Account under the 13 percent derivation principle, between 2009 and 2019 according to a...
After failing to meet the December 2020 target, the Dangote Group has set the first quarter 2021 date for the take-off of its fertilizer plant. The...
Investors lost over N200 billion at the close of trade on the Nigerian Stock Exchange (NSE) on Tuesday. Just 24 hours after recording N22.1 trillion during...