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...
The equity capitalization in the Nigerian capital market rose by 1.33 percent at the close of trading on Wednesday. This represented a N440.38 billion growth in...
The average fare for intercity bus transport in Nigeria increased by 9.09 per cent on a year-on-year basis to N4,002.16 in May, transportation data obtained from...
The impact of fuel subsidy removal on the cost of operations didn’t stop the increase in employment and new businesses in Nigeria, a new report has...
PricewaterhouseCoopers’s (PWC) Africa tax leader, Taiwo Oyedele, has warned that the Value-added tax Direct Initiative (VDI) of the Federal Government could lead to the exploitation of...
The Kano State government on Tuesday arraigned the state’s former Commissioner for Works and Infrastructure, Idris Wada-Saleh, at the state’s Chief Magistrate Court for alleged N1...
Investors in the Nigerian capital market lost N672 billion at the close of trading on Tuesday. This followed the dip in equity capitalization from N33.05 trillion...
The largest oil drilling markets in Africa are now in Nigeria and Angola, as TotalEnergies renews interest in the West African nation’s offshore Baltic rig. Angola...
President Bola Tinubu met with a delegation from the Shell Petroleum Development Company (SPDC), amid the reform of the oil sector. Tinubu appealed for continuous investments...
As part of efforts to cut carbon emissions, the Nigerian National Petroleum Company Limited has announced plans to install charging ports at its gas stations around...
The Federal Inland Revenue Service (FIRS) will start collecting taxes from market traders or the informal sector on behalf of the Federal Government. In a statement...
The equity capitalization in the Nigerian capital market rose by 1.60 percent at the close of trading on Monday. This translated to a N534.01 billion growth...
Russia and Saudi Arabia have announced additional cuts in their crude oil production output for August, as the Organisation of the Petroleum Exporting Countries (OPEC) extended...
The President of the Association of Distributors and Transporters of Petroleum Products (ADITOP), Lawan Dan-Zaki, has stated that the foreign exchange (Forex) rate will determine the...
This week, the stocks of Nigerian banks, telecommunications companies and Berger Paints are on the watch list due to operational and stock market activities last week....
The World Bank has projected Nigeria’s inflation rate to reach 25 percent this year due to the removal of fuel subsidy. The World Bank had in...
Investors in the Nigerian capital market traded 2.314 billion shares valued at N41.547 billion in 28,095 deals in three days last week. This however fell short...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
Railway-related debt service costs the Federal Government $62.66 million in the first quarter of this year. Data obtained from the Debt Management Office (DMO) by Ripples...
The Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), South-West branch, Dele Tajudeen, has dismissed claims on the planned increase of fuel price to...
The equity capitalization in the Nigerian capital market rose by 1.42 percent at the close of trading on Friday. This represented a N467.95 billion growth in...
Residents of Lagos State will soon start to pay more for withdrawal and transfer of money through Point of Sale {PoS}, the Lagos State chapter of...
The Nigeria Communication Commission (NCC) has directed telecommunications companies in Nigeria to deactivate phone lines unused for six consecutive months for Revenue Generating Event (RGE). The...
German carmaker Mercedes has recalled more than 140,000 vehicles in the United States due to problems with the fuel pump. The US National Highway Traffic Safety...
The founder of the Dangote Group, Aliko Dangote, has retained its position as Africa’s richest man in the Bloomberg Billionaires Index. The Kano State-born businessman was...
President Bola Tinubu said on Thursday he approved the unification of the foreign exchange rates in the official and black markets to end the financial haemorrhage...
Virgin Galactic, a spaceship owned by Richard Branson, has made its first commercial flight into space and charged passengers between $200,000 and $450,000 each. The first...
Guarantee Trust Bank (GTBank), Unity Bank, and other lenders are being probed by the Nigeria Data Protection Commission (NDPC) for alleged data breaches. In a statement...
The management of the Lekki Deep Seaport, on Thursday, announced the arrival of the first transshipment vessel to call at the container terminal of the port, Rimbaud. A...
The Nigeria Data Protection Commission (NDPC) on Thursday described the Central Bank of Nigeria’s (CBN) new directive to banks on social media as illegal. The apex...
Manchester City striker, Erling Haaland, and Paris Saint Germane (PSG) talisman, Kylian Mbappe, lead the list of the latest world’s most valuable starting 11 Haaland and...
A chieftain of the All Progressives Congress (APC), Mustapha Audu, said on Wednesday that President Bola Tinubu’s decision to remove fuel would boost the growth in...
The European Commission on Wednesday unveiled a proposal for the digital version of the Euro. Ripples Nigeria gathered that the release of the proposal has further...
The currency in circulation (CIC) has increased by 7.4% in the first five months of 2023, the Central Bank of Nigeria (CBN) has revealed. In a...
The Central Bank of Nigeria (CBN) has set new transaction limits on contactless payments after issuing guidelines for commercial banks and other financial institutions to adopt....
Investors holding shares of Ikeja Hotel, Transcorp Hotels, and other equities in the Nigerian capital market went home with a N421.19 billion gain on Tuesday. This...
The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Gbenga Adebayo, has disclosed that network providers are considering raising the prices of their...
The Nigerian Police have arrested one suspect linked to the attempted fraud on a Polaris Bank account owned by Anthony Olasele. The arrest was made after...
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas, better known as Cooking Gas, dropped to N4,360.69 in May 2023. This was...
The equity capitalization in the Nigerian capital market rose by 0.22 percent at the close of trading on Monday. This represented a N71.94 billion growth in...
The short battle between Russia and its mercenaries, the Wagner Group, sparked an increase in the price of Brent crude oil during the weekend. At the...
Airtel Africa, Sterling Financial Holdings and Transcorp Hotels are some of the stocks to watch this week, as the stock market resumes trading. Ripples Nigeria stocks...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market...
The value of shares exchanged in the Nigerian stock market in the just concluded week was N41.986 billion, traded in 39,764 deals for 3.369 billion shares....
Nigeria, being one of the largest oil-producing countries in Africa, has historically implemented fuel subsidies to alleviate the financial burden on its citizens and ensure affordable...
The Central Bank of Nigeria (CBN) has issued a new warning to banks and other financial institutions regarding their business relationships with Politically Exposed Persons (PEPs)....
The Central Bank of Nigeria (CBN) has directed financial institutions to request their customers’ social media handles, as well as other personal information in a bid...
The value of investments in the Nigerian capital market crashed by 0.01 percent at the close of trading on Friday. This represented a N4.09 billion dip...
President Bola Tinubu has signed the New Global Financial Pact in Paris, France, after visiting the European country for a summit that bares a similar name...
Fitch Ratings, a credit rating agency, has issued a stable outlook on Stanbic IBTC Holdings Plc handing the Nigerian financial company its National Long-Term Ratings at...