The Central Bank of Nigeria (CBN) has assured Nigerians of an adequate supply of Naira notes in the country. The bank’s Director of Corporate Communications, Isa...
The All-Share Index at the Nigerian equities market declined by 539.48 basis points to close at 70,042.28 basis points on Thursday. The bourse ended the previous...
The All-Share Index at the Nigerian equities market rose by 1,345.57 basis points to close at an unprecedented 70,581.76 ASI on Wednesday. This is as investors...
The House of Representatives on Tuesday, unanimously adopted a motion moved by Hon. Hassan Shehu Hussain of the NNPP, Kano, mandating its Committee on Privatization and...
President Bola Tinubu has requested Senate approval for the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The president sought the Senate’s approval...
The Central Bank of Nigeria (CBN) has debunked reports making the rounds that it was planning to redenominate or restructure the naira notes in 2024. The...
The Federal Government is set to introduce new rules for the foreign exchange market and also crackdown of illegal trading of currency by the end of...
The National Bureau of Statistics (NBS) in a report released in Abuja on Monday, revealed that prices of beef, rice, beans, onion, yam and other food...
The Nigeria Labour Congress (NLC), on Sunday, alleged that the love for foreign goods by government official is the major reason for the continous decline of...
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 Minister of State for Petroleum Resources, Heineken Lokpobiri, said on Saturday the rehabilitation of the Kaduna Refinery would be completed by December 2024. The 110,000...
The Akwa Ibom State Internal Revenue Service has sealed the two branches of Keystone Bank and another one belonging to Heritage Bank for their alleged failure...
After keeping mute for a long time over the controversial Nigeria Air project, a national carrier envisioned by the administration of President Muhammadu Buhari and championed...
Fidelity Bank, a Nigerian deposit money bank, has signed a tripartite $40 million pre-export finance facility with AFREXIM Bank in favour of JohnVents Industries. The loan...
The National Pension Commission (PenCom) says it has recovered N25.13 billion from defaulting employers which comprises of N12.80 billion principal contributions, and N12.33 billion penalties for...
The Taiwo Oyedele-led Presidential Fiscal Policy and Tax Reform Committee, on Tuesday, submitted its recommendations to President Bola Ahmed Tinubu, requesting the Federal Government to make...
Nyesom Wike, Minister of the Federal Capital Territory FCT, on Monday, ordered the enactment of the 2015 Personal Income Tax and FCT Internal income Service Acts...
President Bola Tinubu said on Monday his government has taken steps to improve foreign exchange liquidity in the country. The president, according to a statement issued...
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 average retail price of a litre of petrol soared by over 200 percent as the country grapples with the chronic effects of inflation. This was...
The Nigerian Electricity Regulatory Commission (NERC) said on Wednesday the Federal Government paid N135.23 billion to subsidise electricity consumption in the second quarter of this year....
Nigeria’s inflation rate has increases to 26.72 per cent for September 2023, according to the National Bureau of Statistics (NBS). The body made this known on...
There is yet to be an end to the controversies surrounding the about N120 billion owed telecommunication companies by banks in the country for the Unstructured...
Land disputes in Nigeria refer to conflicts and disagreements that arise among individuals, communities, or entities over the ownership, possession, use, or boundaries of land and...
The Lagos Chamber of Commerce and Industry (LCCI) has urged the CBN to adopt creative financing options for clearing the short to medium-term backlog of foreign...
Nigeria has maintained its fourth position on the World Bank’s top 10 International Development Association (IDA) borrowers’ list, after moving up from fifth position in the...
The Federal Government is about securing another $1.5 billion loan from the World Bank, despite mounting debt pressure hanging on the country. The new $1.5 billion...
Minister of Agriculture, Abubakar Kyari, has given a five-year deadline for Nigeria to end the importation of wheat which he says is gulping the country’s foreign...
The Minister of State for Petroleum Resources, Heineken Lokpobiri, said on Friday the Federal Government planned to increase crude oil production to two million barrels per...
Ngozi Okonjo-Iweala, the head of the World Trade Organisation, on Friday, expressed her optimism for a speedy resolution to the Israel-Hamas conflict and cautioned that if...
The Central Bank of Nigeria (CBN) on Thursday promised to intervene in the foreign exchange regularly in a bid to boost its liquidity. In a statement...
The International Monetary Fund (IMF) has raised an alarm over the ongoing war between Israel and Hamas Islamist militants, comparing it to “a new cloud on...
The World Bank’s chief economist, Indermit Gill, on Wednesday, warned that interest rate hikes could spell trouble for countries struggling to deal with debt. In order...
Petroleum products marketers have warned of more petrol retail outlets shutting down their operations due to increasing cost of running the business. President of the National...
The Chairman of the Presidential Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, on Tuesday disclosed that the administration of President Bola Tinubu was working to...
Management of Dangote Cement Plc has denied reports, in some online platforms (not Ripples Nigera) that it has embarked on sales promotion and has further adjusted...
Nigeria’s inability to maximise its oil and gas production quota has forced the International Monetary Fund (IMF) to downgrade the country’s economic growth by 0.3 percentage...
Trading in the Nigerian equity market opened on a positive note on Monday, with investors gaining N355bn. The market capitalisation and the All-Share Index which measures...
The Group Chief Executive of the Nigerian National Petroleum Company Limited (NNPCL), Melee Kyari, said on Monday the Federal Government was no longer paying subsidy on...
Oil prices rallied on Monday after Hamas launched a shock attack on Israel at the weekend, which has sparked fresh concerns about tensions in the Middle...
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...
Mortgages play a pivotal role in the real estate sector, allowing individuals and families to own homes without the need for substantial upfront payments. In Nigeria,...
The Nigerian National Petroleum Company Limited (NNPCL) has denied widespread reports that it is planning to increase pump price of petrol, otherwise known as Premium Motor...
A report by the Nigeria Bureau of Statistics (NBS) has shown that Capital importation into Nigeria dropped by 9 percent in the second quarter (Q2) of...
There are fears that the prices of fuel products may increase as irregular foreign exchange rate fluctuations, has left many petroleum product depots vacant. Consequently, oil...
The World Bank has said that the Nigerian currency, Naira has weakened by 40 percent since mid June 2023 devaluation and is one of the worst-performing...
The naira exchanged for N756.21 to a dollar at the Investors and Exporters window on Wednesday. The naira lost 1.48 percent compared to the N745.19 it...
The Nigerian equities market, on Tuesday, gained N213 billion, on the first trading day after the public holidays after the market ended last week with All-Share...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has suggested that the licenses on oil block management granted some indigenous and international crude oil prospecting companies be...
The prices of basic food items in Nigeria have continued to soar as food inflation rate has climbed another notch in the month of August, according...