Nigerian banks have lost a whopping N9.5 billion to electronic frauds since the beginning of 2023. This is as the Nigeria Electronic Fraud Forum (NeFF), on...
On May 22, 2023, the Dangote Refinery was inaugurated in Lagos, Nigeria, with former President Muhammadu Buhari officiating the ceremony. The event marked a significant milestone...
The Central Bank of Nigeria (CBN) on Friday released fresh guidelines for the sale of foreign exchange by Bureau De Change (BDC) operators in the country....
In a bid to sanitise the foreign exchange market, the Central Bank of Nigeria (CBN) has introduced a foreign exchange price verification system, specifically designed for importers to...
One of Nigeria’s corporate banking platforms, Moniepoint, has moved to join the consumer banking market. As a result, it revealed a debit card and mobile application...
News broke on Wednesday that Nigeria’s national oil company, the Nigeria National Petroleum Company Limited (NNPCL) signed a loan agreement to the tune of $3 billion...
President Bola Tinubu on Wednesday assured investors of a sustainable and friendly environment for growth in the country. The president, according to a statement issued by...
The Nigerian National Petroleum Corporation (NNPC) Limited on Wednesday secured a $3 billion emergency crude repayment loan from the African Export-Import Bank (Afreximbank) to stabilise the...
The MTN Group has stated that its fintech division, MoMo, seeks to bring on more investors. This disclosure comes one day after the big agreement, in...
Inflation is getting worse in Jumia’s main operational markets, including Nigeria, Ghana, and Egypt, as seen by the company’s Q2 2023 financial figures, which indicate a...
The reality of the state of the Nigerian economy may have dawned on the Federal Government as reports have it that it is mulling selling stakes...
Trucks drivers are to pay a mandatory N50 stamp duty on every N1,000 issued to them by the Nigerian Ports Authority (NPA) through the Trucks Transit...
The National Bureau of Statistics (NBS), in its latest report, said Nigeria’s headline inflation jumped to 24.08 per cent in July 2023. Ripples Nigeria reports that...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya, on Monday said that Nigeria requires $20 billion annually to achieve the...
In a bid to arrest the free fall of the naira at the parallel market, also known as black market, the Central Bank of Nigeria {CBN},...
The Acting Governor of the Central Bank of Nigeria (CBN), Folasodun Sonubi, said on Monday the apex bank would adopt new measures to stabilise the naira...
Nigerian households and small businesses looking to acquire solar panels, batteries, inverters, and other green energy equipment now have access to as much as N10 million...
The Federal Government and the Central Bank of Nigeria (CBN) have been counseled to find other means of controlling inflation in the country other than raising...
MTN Foundation has announced the opening of applications to the MTN ICT and Business Skills Training, a youth development initiative “aimed at equipping young entrepreneurs between...
A fresh list of 154 completely authorised digital lenders with operating licences in the nation has been made public by the Federal Government through the Federal...
Nigerians may have more economic hardship to contend with as they have been asked to brace up for an imminent upward review of the pump price...
A report by the National Bureau of Statistics (NBS) has revealed that the average cost of bus transportation within Nigerian cities rose from N649.59 in May...
Investing in a beachfront property in Lagos can be an exciting opportunity, offering the allure of breathtaking views, recreational activities, and potential financial gains. However, it...
After defaulting for several years, the Central Bank of Nigeria (CBN) has released the Consolidated Financial Statements for seven years, the first time it will do...
Nigerians spent N3.3trn on data, calls, sms in 2022, NCC report revealsNigerians spent N3.3trn on data, Nigerians spent N3.3trn on data, calls, sms in 2022, NCC...
The Presidential Committee on Tax Reforms and Fiscal Policy has proposed stripping the Nigeria Customs Service (NCS), Nigeria Ports Authority (NPA), Nigerian Postal Service (NIPOST) and...
A Platts survey by S&P Global Commodity Insights has shown that crude oil production by the Organization of Petroleum Exporting Countries (OPEC) and its allies have...
The rate of inflation in Nigeria has been defended by the Central Bank of Nigeria (CBN), which insisted that it is better when compared to most...
Nigerian President, Bola Ahmed Tinubu, on Tuesday, inaugurated the presidential committee on fiscal policy and tax reforms at the State House, Abuja. Ripples Nigeria reports that...
The Federal Government paid a total of N36 billion to subsidise electricity consumption in the country in the first quarter of 2023, the Nigerian Electricity Regulation...
Glaxo SmilthKline (GSK) Consumer Nigeria’s share price hit N8.90 kobo percent on August 4, a day after announcing the shutdown of its operation in the country....
Investors in the Nigerian capital market traded 2.575 billion shares valued at N29.615 billion in 37,713 deals last week. This however fell short of the 2.854...
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...
Investors and exporters in the official market were offered the United States Dollar (USD) at a range of N799/$1 and N475/$1 on Friday. The naira to...
Investors in the Nigerian capital market lost N35.6 billion at the close of trading on Friday. This followed a 0.09 percent dip in the value of...
In response to the hike in fuel prices in recent months, the Nigerian National Petroleum Company (NNPC) Limited has disclosed that it will construct 35 compressed...
Employees at GlaxoSmithKline (GSK) Consumer Nigeria will lose their jobs this year, as the company has announced that it will shut down operations. GlaxoSmithKline Consumer Nigeria...
The equity capitalization in the Nigerian capital market rose by 1.54 percent at the close of trading on Thursday. This represented a N541.84 billion growth in...
The second quarter of 2023 wasn’t a great period for International Breweries, as the brewer saw its loss increase significantly between April to June. In a...
Caverton Offshore Support Group suffered a 59.46 per cent drop in its profit after tax in the second quarter of 2023, the firm’s Q2 financial statement...
Oil marketers claim that once local refining is fully operational, the cost of petrol will be reduced by at least N70 a litre. This was said...
President Bola Tinubu has asked for investment support from the United Kingdom to transport gas to Europe, his media aide, Ajuri Ngelale, has revealed. According to...
In a report released by the Nigerian Exchange Limited (NGX) on Wednesday, the stock market closed trading at N34.97 trillion. This is slightly above the N34.93...
The UK government has announced that it will continue its focus on building future investments in Nigeria as well as its collaboration with Nigerian Exchange limited...
Steep price pressures acted to limit the pace of growth in the Nigerian private sector in July. Overall input costs rose at a pace unsurpassed in...
Aliko Dangote’s companies, Dangote Sugar Refinery, NASCON Allied Industries Plc and Dangote Rice Limited, have informed shareholders that they want to merge their operations. Dangote Sugar...
President Bola Tinubu’s adviser on monetary policies, Wale Edun, said the N860/$1 exchange rate between the naira and the dollar is not backed by the fundamentals...
The equity capitalization in the Nigerian capital market crashed by 0.22 percent at the close of trading on Tuesday. This represented a N79 billion dip in...
Agusto & Co., a Pan-African Credit Rating Agency, said unpopular policies by the Central Bank of Nigeria (CBN) constrained remittance flow into the country. The credit...
FCMB Group Plc recorded positive financial performance across key indicators with a 148% growth in profit before tax of N38.2 billion from January to June this...