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...
President Bola Ahmed Tinubu, on Thursday, said Nigeria is ready for business, and assured investors that the country is ready to welcome them. President Tinubu gave...
The federal government, 36 states, and 774 local government councils in the country on Thursday shared N786.16 billion as revenue allocation for the month of May....
The equity capitalization in the Nigerian capital market dropped by 0.18 percent at the close of trading on Thursday. This represented a N61.35 billion dip in...
In the first three months (Q1) of 2023, Nigerians spent N247.33 billion for electricity supply from Distribution Companies (DisCos). According to data obtained from the National...
The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has called on President Bola Tinubu to consider trade reforms and warned against...
Investors in Unity Bank, Afromedia and other entities in the Nigerian capital market pocketed N116.48 billion at the close of trading on Wednesday. This followed the...
Nigeria’s foreign reserves down by 1.86 per cent since President Bola Tinubu took over from Muhammadu Buhari on May 29, 2023. On May 26, Buhari’s last...
The value of the dollar fell in the investors’ and exporters’ window on Tuesday, as the naira appreciated against the United States currency by 1.78%. According...
The value of investments in the Nigerian capital market rose by 0.16 percent at the close of trading on Tuesday. This represented a N51.8 billion growth...
Despite losing his position as Africa’s richest person due to the naira devaluation, the chairman of the Dangote Group, Aliko Dangote, has praised the policies of...
Airtel Africa has said the devaluation of the naira will affect the revenue of the company in 2023, a statement released by the network provider on...
The Federal Government, on Monday, disclosed that six new companies have been given permission to import petroleum products into Nigeria as of Monday. Managing director of...
The equity capitalization in the Nigerian capital market rose by 0.02 percent at the close of trading on Monday. This represented a N10 billion growth in...
Small and Medium Scale Enterprises (SMEs) can now quickly access from N5 million to N100 million to purchase equipment needed to grow and expand their businesses,...
The Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has informed African Union leaders that he will not invest in their countries if they...
The Central Bank of Nigeria (CBN) has increased the withdrawal limit on domiciliary accounts, as the apex bank continues to reform the foreign exchange policies. CBN...
The Nigerian stock market resumes another five days of trading after last week’s Democracy Day celebration reduced the trading days to four. This week, Seplat, Honeywell...
The Nigerian stock market opened for four trading days in the just concluded week due to the public holiday declared by the Federal Government on June 12, 2023,...
Aliko Dangote is no longer the richest man in Africa, as South African billionaire, Johann Rupert, displaces him as number one on Africa’s richest list. According...
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...
The value of investments in the Nigerian capital market crashed by -0.32 percent due to sell-offs at the close of trading on Friday. This represented a...
Nigerian billionaire, Abdulsamad Rabiu, has lost his position on Africa’s richest list to Egyptian billionaires, Nassef Sawiris and Naguib Sawiris, following the naira devaluation by the...
The naira devaluation by the Central Bank of Nigeria (CBN) has reduced the wealth of Africa’s richest man, Aliko Dangote and his countryman, Abdulsamad Rabiu, by...
Nigerian bourse depreciated in value by 1.31 per cent to N32.23 trillion market capitalisation on Thursday. The decline wiped off N430.10 billion from the stock market’s...
The National Bureau of Statistics (NBS) on Thursday revealed that the nation’s inflation rate had risen to 22.41 per cent in the month of May. This...
The Central Bank of Nigeria (CBN) has announced plansto end the RT200 FX Programme and the Naira4Dollar scheme by the end of June 2023. Ripples Nigeria...
The Central Bank of Nigeria (CBN) has devalued the naira in the official market with authorised dealers expected to sell the dollar at N664.04/$1 after the...
The Nigerian capital market hit its highest peak since March 3, 2008, following the rise in equity capitalization by 3.13 percent at the close of trading...
In recent years, Nigeria’s real estate market has witnessed a significant surge in the demand for flats and apartments. This trend can be attributed to various...
The President of Kenya, William Ruto, has spoken against the use of the United States Dollar (USD) during trade between African countries. Ruto said traders from...
The value of investments in the Nigerian capital market appreciated by 3.99 percent following high demand for banks’ and others’ shares on Tuesday. This represented a...
Nigeria has reclaimed the first position as Africa’s largest crude oil producer by overtaking Angola. This is according to data released by the Organization of Petroleum...
The Federal Government has restored the work permit and other necessary documents of the Chief Executive Officer of Seplat Energy, Roger Brown. Ripples Nigeria previously reported...
Godwin Emefiele has been accused by George Uboh, the Chairman of the George Uboh Whistleblowers Network, of detaining him for 101 days in 2019. Uboh claimed...
A new circular from the Nigerian National Petroleum Company Limited (NNPCL) has specified the prices oil merchants will pay for petroleum goods. The Federal Government had...
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has commended the Nigerian government for accepting the Fisheries Subsidies agreement. Nigeria submitted its acceptance to...
Air Peace’s Chief Operating Officer, Toyin Olajide, has described the comments made against the firm by the former Aviation Minister, Hadi Sirika, as spurious. On Monday,...