Nigeria’s inflation rate rose from 22.41 per cent in May 2023 to 22.79 per cent for June 2023, according to the latest report released by the...
The Nigerian Institute of Transport Technology has revealed that the Federal Government has approved 9,000 licensed filling stations for the co-location of Compressed Natural Gas or...
Ripples Nigeria stocks watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities for...
FastCash, an instant loan solution powered by First City Monument Bank (FCMB) has disbursed over 3 million loans worth N105 billion to Nigerians from all walks...
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 Central Bank of Nigeria (CBN) has released a new bank investor policy that could cause a setback for the majority shareholders of FBN Holdings in...
The Central Bank of Nigeria (CBN) has stipulated a maximum of 12 years as the tenure of a bank’s managing director or chief executive officer (CEO)....
Geregu Power Plc’s revenue in the first half (H1) of 2023 rose to N34.69 billion, the electricity firm revealed in its H1 financial report for the...
Wema Bank has resumed the use of the naira cards for international transactions but placed a limit on the value of transactions permitted. Last year, Wema...
Nascon led the gainers’ list on Friday, with UAC Nigeria topping the losers’ table, as the stock market valuation depreciated by 0.28 per cent, extending its...
Dangote Cement has concluded plans to expand its production capacity with the construction of a new 6Mt integrated cement plant in Itori, Ogun State, according to...
Standard Chartered has agreed to sell its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access Bank, the subsidiary of Access Holdings. The deal between...
United Capital reported 21 per cent year-on-year growth in its gross earnings in the first half (H1) of 2023, while the firm’s profit after tax increased...
Stanbic IBTC Bank PLC has disagreed with a verdict delivered by the Competition and Consumer Protection Tribunal (CCPT) which imposed a fine of N120 million on...
Access Holdings has disclosed that its banking subsidiary, Access Bank, has completed the acquisition of a majority equity stake in Finibanco Angola S.A. Access Bank is...
The stock market capitalisation continued its decline on Thursday, shedding N706.77 billion to selloffs in Fidelity Bank, and Sovereign Insurance, amongst others. Ripples Nigeria gathered that...
The Organization of the Petroleum Exporting Countries (OPEC) has disclosed Nigeria maintained its position as the largest crude oil producer in Africa in June, while production...
FMDQ Exchange has revealed that the total foreign exchange inflow into the Investors’ and Exporters’ window increased to $1.41 billion in June. During the previous month,...
The Debt Management Office (DMO) has disclosed the Federal Government has redeemed a $500 million Eurobond on its due date. According to a statement by the...
Losses in FBN Holdings wiped off N883.39 billion from the Nigerian capital market on Wednesday. The trading losses brought down the market capitalization from N35.75 trillion...
The owners of Barbican Capital Limited, and its affiliate, Honeywell Group, Obafemi Otudeko and Foluke Oyeleye, will meet with stakeholders of FBN Holdings this week. Ripples...
Shareholders of First Bank of Nigeria (FBN) Holdings lost about eight per cent of their investment on Wednesday, as the rift between Oba Otudeko and other...
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTO) to add naira as a payment option for diaspora remittances. CBN said the...
Nigeria’s crude oil production quota will be renegotiated in November, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has...
The equity capitalization in the Nigerian capital market rose by 1.64 percent on Tuesday. This represented a N580 billion growth in investments at the capital market...
The Receiver Manager acting on behalf of Ecobank Nigeria Limited, Kunle Ogunba and Associates, has demanded that First Bank of Nigeria (FBN) Holdings reject the acquisition...
The National Union of Air Transport Employees (NUATE) has stated that there’s a need to invest in Arik Air for the airline company to survive. NUATE...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that the Nigerian National Petroleum Company (NNPC) Limited has cancelled their pre-subsidy removal agreement. According to...
The Federal Government will harmonise all revenue-collecting agencies for effective performance in the country. The Special Adviser to the President on Revenue, Zach Adedeji, stated this...
Investors in the Nigerian capital market gained N851.22 billion at the end of trading on Monday. This followed the growth in market capitalization from N34.32 trillion...
Lagos State attracted the highest capital importation by states in the first quarter (Q1) 2023, as Nigeria’s total capital importation stood at $1.13 billion in the...
The stocks to watch this week are First Bank of Nigeria (FBN) Holding, Conoil and Ikeja Hotel. Their operational and stock market activities pushed them into...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pinpointed a marketer, whose truck was used by vandals to steal fuel from a pipeline in the...
After five days of trading, the Nigerian stock market saw investors exchange 9.831 billion shares in 54,478 deals, worth N145.408 billion, between Monday to Friday. Investments...
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...
When it comes to real estate and property ownership, there are various terms and concepts that can be confusing for both buyers and sellers. Two such...
Stanbic IBTC Holdings PLC, an end-to-end financial services provider in Nigeria and member of Standard Bank Group recently announced various Board appointments across the Group. Mrs....
In a bid to forestall the circumstances that led to Central Bank of Nigeria (CBN) clamping down on FBN Holdings in 2015 when Oba Otudeko was...
In the first quarter of 2023, Nigerian aviation market recorded 2,791,591 passengers, according to data from the Nigerian Civil Aviation Authority (NCAA). Breakdown of the passenger...
Barbican Capital has acquired 4.77 billion shares of First Bank of Nigeria (FBN) Holdings. FBN Holdings confirmed the development in a notice sent to the Nigerian...
The Nigerian capital market posted a N555 billion gain at the close of trading on Friday. This followed the rise in the value of investments in...
The Manufacturers Association of Nigeria (MAN) and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) have commended the suspension of the excise...
The establishment of the presidential committee on fiscal policy and tax reforms has been approved by President Bola Tinubu, a day after signing executive orders to...
Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL) revealed on Thursday that the NNPCL would be building a new,...
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Olu Adeosun, has stated that oil marketers are considering possibilities of bringing down the cost...
Conoil Producing Limited has been accused by Eastline Energy Resources Limited of being a corporate fraud and allegedly having a felon as a director in the...
Investors in the Nigerian capital market traded 5.44 billion shares valued at N95 billion in 9,948 deals on Thursday. This surpassed the 846.32 million shares worth...
Four Executive Orders delaying and suspending the start of certain taxes paid by businesses in the nation have received President Bola Tinubu’s approval. Dele Alake, the...
The Federal Government has launched an investigation into price-fixing involving point of sale (POS) operators, warning that it will sanction those found guilty. This was disclosed...
The International Monetary Fund (IMF) has advised Nigeria and other countries to tax cryptocurrency transactions to raise government revenue. IMF said countries can generate value-added taxes...