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...
Operational cost incurred by companies on Apapa road is about to hit a new low as the connection of Lagos-Ibadan Railway to the Apapa port is...
As Nigerian banks struggle to avoid the Central Bank of Nigeria (CBN) sanction relating to low Loan to Deposit Ratio (LDR) they CBN is not bothered...
The uptick in crude oil price pushes the Federal Government closer to its revenue projection, as tight control on oil production by OPEC members is expected...
Nigeria’s bourse was greeted by high confidence investors after a weekend break, with the equity capitalisation closing Monday’s market with N22.1 trillion. This followed a 1.01...
Peace Mass Transit in January acquired a majority stake in C&I Leasing following the decision of the investor, Actis Nigeria, to exit the company. The investor...
At a period loans to the oil industry are non-performing, Nigerian banks still continue to pump credit into the oil market, with the latest beneficiary being...
Despite reporting 6.3% rise in revenue for fourth quarter 2020, UAC of Nigeria Plc’s earnings was negatively impacted by the EndSARS protest, while its paint segment...
Coronavirus-influenced work from home has driven revenue of Airtel Nigeria from data subscriptions by 26.2 percent for the nine-months ended 31 December 2020 to $397 million...
Nigeria’s three refineries under the management of the Nigerian National Petroleum Corporation (NNPC) have not made any profit or produce a drop of fuel since October...
Nigeria’s external reserves have dropped to $36.34 billion as of January 28, the Central Bank revealed on Sunday. In the latest data released by the apex...
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...
Axa Mansard Insurance Plc, a Lagos-based composite insurance has revealed it grew its assets by 7.5 percent to N99.22 billion for 2020 from N92.28 billion in...
As part of its sustained innovation strides, Africa’s leading logistics company, GIGL, has launched a new service bouquet tagged Class Plan which e-commerce merchants, both local...
This week, wealth management platform, Cowrywise, closed a $3m pre-series A funding, about the biggest news for the week. We saw a cross-industry growth featuring new...
Ecobank Group has recorded a revenue of over N630 billion for the year ended December 31, 2020. This represents a 7 percent growth when compared to...
Nigerian stocks investors started the year on a very strong note after recording N1 trillion gains in four weeks of trading which closed on Friday. Bargains...
Nigerian National Petroleum Corporation, NNPC, through its subsidiary, the Pipeline and Product Marketing Company, PPMC, has disclosed that Nigerians consumed 1.22 billion litres of petrol in...
A Dutch court on Friday ordered oil giant Shell to pay compensation in a case brought by four Nigerian farmers who alleged widespread pollution in their...
The Nigerian government is set to reintroduce toll gates on Nigerian roads as 12 highways have been earmarked for concession to private companies. This was made...
The International Monetary Fund (IMF) has downgraded forecasts for Nigeria’s recovery in 2021 to 1.5 percent, 0.2 percent lower from its earlier projection of 1.7 percent...
Equities trading on the Nigerian Stock Exchange (NSE) extended gains for the fourth day in a row on Thursday as Investors gained N124.86 billion. The All-...
Nigeria made about N14.43 trillion from Value Added Tax (VAT) and Company Income Tax (CIT) in six years from 2015-2020, an analysis of data published today...
The Nigerian Communications Commission (NCC) has approved the renewal of the spectrum licenses in the 900MHz and 1800MHz bands for Airtel’s Nigerian the subsidiary, Airtel Networks...
The National Bureau of Statistics (NBS) has revealed that Nigeria was only able to meet 75 percent of its target Value Added Tax (VAT) revenue in...
Nigerian stocks posted a third consecutive day of gains on Wednesday as the All-Share Index advanced further by 0.83% to close the day’s trading at 41,930.73...
Nigeria made about N14.43 trillion from Value Added Tax (VAT) and Company Income Tax (CIT) in six years from 2015-2020, an analysis of data published today...
The Central Bank of Nigeria (CBN) says it has disbursed a total of N2 trillion through its various intervention programmes, as at January 2021. This was...
Domestic investors outperformed foreign investors by N700.7 billion as total domestic transaction in Nigeria equity market rose to N1.43 trillion in 2020 as more Nigerians channel...
The total transaction by domestic investors in Nigeria’s stock market stood at N1.43 trillion at the end of 2020, a report has said. The Nigeria Stock...
The All-Share Index (ASI) appreciated by 1.21 percent to close at 41,584.94 index points at the end of Tuesday’s trading. In an impressive performance, a total...
