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...
The list of approved loan apps in Nigeria has been deleted from the website of the Federal Competition and Consumer Protection Commission (FCCPC). FCCPC said it...
During trading on Monday, Linkage Insurance led the gainers’ list and Dangote Sugar topped the losers’ table in the Nigerian stock market. Trading data showed that...
Over N184.80 billion was lost to naira devaluation by the cement and sugar companies largely owned by Africa’s richest man, Aliko Dangote. The loss was recorded...
Airtel Africa, MTN Nigeria, BUA Cement and FBN Holdings are some of the stocks to watch this week due to their operational and stock market activities....
The National Pension Commission (PenCom) has dismissed a claim that its Director-General, Aisha Dahir-Umar, spent millions of dollars as estacodes in 2020. The commission was reacting...
WemaBank recently announced its unaudited results for Half Year ended 30th June 2023. The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, a y/y...
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...
MTN Nigeria has reported that the naira devaluation also impeded the company’s financial growth in the second quarter of 2023. In a comment included in its...
The value of foreign exchange transacted in the Investors’ and Exporters’ window rose by 65.79 per cent month-on-month between May and June 2023. According to data...
Investors in the Nigerian capital market lost N232.10 billion after Guinness, Cadbury and other equities recorded sell-offs during trading on Friday. The loss brought down the...
Airtel Nigeria recorded $528 million in revenue from its mobile services in the country in the second quarter of 2023, amid growth in data and voice...
The naira devaluation by the Central Bank of Nigeria (CBN) adversely affected the earnings of telecommunications company, Airtel Africa. Ripples Nigeria learnt that Airtel Africa recorded...
The equity capitalization in the Nigerian capital market crashed by 0.31 percent at the close of trading on Thursday. This represented a N111.14 billion dip in...
Abdul Samad Rabiu, the chairman of BUA Cement, has further tightened his control over the cement manufacturer by buying additional 45 million shares. Rabiu, who is...
House of Representatives member, Beni Lar, has warned that the dollar rate could rise to N1000 by December 2023 if the government doesn’t intervene in the...
The Nigerian stock market capitalisation closed trading on Wednesday at N35.74 trillion and the All-Share Index settled at 65,687.16 ASI. By close of today’s session, investors...
The Central Bank of Nigeria (CBN) has ordered banks to unfreeze the accounts of foreign exchange investment, cryptocurrency and Bureau De Change companies. In a circular...
The Central Bank of Nigeria (CBN) will sanction Super Agents over the activities of Point of Sales (PoS) operators should they breach the guidelines of their...
Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, has disclosed that the financial regulator will intervene in the foreign exchange (Forex) market. The...
The Central Bank of Nigeria (CBN) said the country’s economy is exposed to the fluctuation of prices and rates in the petroleum market and the foreign...
FBN Holdings has disclosed the company will conduct a Rights Issue to raise funds to boost its available capital for operational needs. Rights Issue are often...
5th Generation cellular technology, commonly referred to as 5G, has been the subject of raving reviews and debate since its launch in different parts of the...
As the stock market resumes trading this week, the stocks to watch are Fidelity Bank, Ecobank and Capital Hotel. Ripples Nigeria stocks watchlist is a selection...
Investments have long been viewed as the royal road to wealth creation. However, choosing the right brokerage platform is like finding a needle in a haystack....
The founders of Agropartnerships and Farmforte, Osazuwa Osayi, and Osayimwense Uyi, have been fined N1.2 million for operating an illegal investment company. A five-member panel 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...
Last year, Mr. Ezekiel was looking for a small house to buy where he could stay anytime he came to Lagos (his family was in Benin...
FBN Holdings was fined for failing to comply with the regulations of the capital market authority, NGX Regulation Limited, for the financial period of 2022. Ripples...
Nigerian bank stocks dominated trading on Friday, as the value of shares traded on the floor of UBA, Access Corporation, Zenith Bank and GTCO crossed the...
NOVA Merchant Bank has received approval from its shareholders to transition into commercial banking. The shareholders gave their unanimous approval during the company’s 6th Annual General...
The House of Representatives has set up an ad-hoc committee to investigate the Central Bank of Nigeria (CBN) over its use of the excess crude account...
Foreign exchange (Forex) scarcity will persist in Nigeria as the country’s external reserves fell to the lowest level since August 2021, data from the Central Bank...
In the first half of 2023, the Federal Inland Revenue Service (FIRS) generated N5.5 trillion in tax revenue from the oil and non-oil sectors. However, according...
The Federal Government has said that it will delist two legal (registered) loan apps for harassing Nigerians and also release a list of illegal (unregistered) loan...
The three tiers of government on Thursday shared N907.05 billion as revenue allocation for June. The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué...
The value of investments in the Nigerian capital market rose by 0.27 percent at the close of trading on Thursday. This represented a N94.4 billion growth...
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, has announced the Reward4Saving Season 3 Promo launch. This campaign aims to sustain the savings culture...
The Major Oil Marketers Association of Nigeria (MOMAN) has disclosed that the exchange rate used to determine the price of Premium Motor Spirit (PMS) is N825/$1....
The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been threatened with another arrest by Justice Inyang Ekwo of the Federal High...
The upward movement of the Nigerian stock market was halted on Wednesday following selloffs in Geregu Power, Prestige, and more. Ripples Nigeria gathered that the gains...