Flour Mills of Nigeria Plc has declared an impressive profit of N15.6 billion in the nine months ended Dec. 31, 2020, a 91.5% rise from N8.1...
The Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR) unchanged at 11.5 percent after two days of its Monetary Policy Committee...
Okomu Oil Palm Company Plc has declared that it made a profit of N7.38 billion in 2020, a 46.2 percent increase from N5 billion in 2019....
Unilever Nigeria Plc, has reported a loss of N1.59 billion in 2020, 62.3 percent lower than the 2019 loss of N4.22 billion. The last profit recorded...
Nigeria was the top Foreign Direct Investment (FDI) destination in Sub-Saharan Africa for 2020 ahead of South Africa and Ethiopia, the United Nations Trade Association (UNTA)...
Nigeria’s stock market opened the week on a positive note as investors gained N45.49billion at the close of trading on Monday. The market’s benchmark performance indicator...
Securing an apartment for rent in Nigeria is more expensive than any other country in Africa except for Seychelles, according to data by global data service...
Between September 2019 and September 2020, Nigeria spent over N75.23 billion on repairs and maintenance of leaking pipelines carrying crude oil from wells to flow stations....
The Central Bank of Nigeria (CBN) has directed banks in the country to stop Nigerian exporters who are yet to repatriate their export proceeds effective from...
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...
Latest development around Sim Shagaya’s edutech product, uLesson, led amongst stories for the week, especially as it concerns Nigerian tech ecosystem. Nigerian auto-tech company Autochek joined...
The Central Bank of Nigeria (CBN) has threatened to shut the accounts of operators who continue to violate diaspora remittance regulations as well as withdraw their...
Stock investors in Nigeria lost about N81.59billion in the third trading week following increased activities of profit takers. At the end of today’s trading, the market...
The Nigerian Communications Commission (NCC) has confirmed that the number of active telephone subscribers has hit the 208 million mark across the country. At a press...
The Federal Government on Thursday announced the concessioning of the e-ticketing service of the Abuja-Kaduna rail corridor to SecureID for 10 years at the cost of...
The Federal Government said on Thursday it had approved and disbursed the sum of N14.35 billion to the Distribution Companies of Nigeria (DisCos) to procure at...
Nigeria’s stock market returned negative on Thursday, January 21, as the All Share Index depreciated by -0.12% to close at 41,099.15 basis points as against +0.23%...
Fitch, a credit ratings agency, has sounded the alarm over Federal Government’s reliance on Central Bank of Nigeria(CBN) for loans through Ways and Means facility, to...
Nigeria’s exports to trade partners across the world in the first eight months of 2020 stood at N9.30 trillion, figures from the Nigeria Office for Trade...
Naira put up a poor performance against the dollar at the Investors and Exporters (I&E) window on Wednesday as trading closed at N394.17k per dollar. This represents a 0.21 percent...
The Federal Government, 36 states and Federal Capital Territory (FCT) as well as 774 local government councils shared the sum of N619.343 billion as federation allocation...
We tend to follow the forex market in terms of how it reflects the strength (or lack thereof) of Naira. And throughout 2020, this has been...
The Federal Ministry of Finance has announced the commencement of final verification of former staff of liquidated Nigeria Airways, which will be carried out by the...
The Nigerian stock market closed Wednesday on a positive note as the All-Share Index appreciated by +0.23% to close at 41,051.63 basis points as against -0.07%...
The Federal Inland Revenue Service (FIRS) collected N4.95 trillion in total tax revenue in 2020, the agency said on Tuesday. However, this was N367.7 billion lower...
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema, said on Tuesday the Federal Government raised a total sum of N2.36 trillion from...
Federal Government on Tuesday promised continued support for Micro, Small and Medium Enterprises (MSMEs) in order to create more job opportunities for the nation’s teeming youths....
The Nigerian All Share Index (ASI) dipped by -0.07 percent on Tuesday’s trading to close at 41,051.63 basis points. Year-to-Date (YTD) returns currently stands at +1.94...
The Nigeria Bureau of Statistics (NBS) said on Tuesday Nigerians paid less for kerosene in December last year. The NBS, which disclosed this in a report,...
Portland Paints and Products Nigeria Plc on Tuesday announced plans to transfer all its rights liabilities and business undertakings, including real property and intellectual property to...
The Nigeria Bureau of Statistics (NBS) said on Tuesday the average bus fare paid by Nigerian commuters within the city increased by 79 percent in one...
The Nigerian National Petroleum Corporation (NNPC) has announced a trading deficit of N1.22 billion for September last year. The corporation announced this in the September 2020...
The Nigerian bourse opened the week on a negative note as the benchmark- All Share Index (ASI) dropped by -0.23percent to close at 41,082.38 index points....
As the National Identification Number registration deadline nears tomorrow, Ripples Nigeria can confirm that 68 million bank accounts are without Bank Verification Number (BVN). According to...
The value of transactions on point of sales (PoS) terminals across the country totalled N4.7trn in 2020, an amount which is 48 per cent higher than...
Nigeria’s foreign reserve has increased to $36.30 billion as of January 14, the latest figures by the Central Bank of Nigeria (CBN) have revealed. The new...
There seems to be hope on the horizon as the brent oil price is expected to average $53 in 2021, according to Fitch Solutions Country Risk...
Nigeria’s stock investors ended last week trading which ended on January 15, N552 billion richer as the value of listed equities increased remarkably by 2.63 percent...
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...
In 2020, Nigerian mutual funds attracted over N450 billion in new contributions, pushing the asset under management (AUM) by 43% to N1.49 trillion from N1.042 trillion...
The National Bureau of Statistics (NBS) said on Saturday residents of Abia, Kebbi and Kwara States paid the highest price for Premium Motor Spirit (PMS) also...
The Shell Petroleum Development Company of Nigeria Limited has completed the sale of its 30 percent stake in Oil Mining Lease (OML) 17 in the Niger...
FMDQ Securities Exchange Limited has announced the admission of commercial papers from Total Nigeria, Valency Agro and Mixta Estate worth over N37 billion under its issuance...
Over 26,458 Nigerians who lost their jobs and could not get another after four months withdrew N14.97bn from their Retirement Savings Accounts in the first eight...
Nigeria’s inflation rate rose by 15.75% (year-on-year) in December, nearly 1% compared to 14.89% recorded in November 2020 on the back of border closure and insecurity....
It was a Bullish Day again on Thursday as Investors Increase Risk Appetite pushed the market’s benchmark performance indicator –the NSE All Share Index (ASI) by...
Nigerian Stocks at the third trading session of the week again close on a positive note, as All Share Index advanced on Wednesday by 0.11% to...
The Nigerian Railway Corporation (NRC) says it has commenced e-ticketing for train services on the Abuja-Kaduna route. This was revealed by the Minister of Transportation, Rotimi...
Ardova Plc (AP) a downstream player has announced that it is in talks with the shareholders of Enyo Retail and Supply Limited relating to acquire the...
The Nigerian stock market rose by 0.36% as the All share index moved from 40,150.78 to 40,295.95 largely driven by the advancements in the shares of...
