Over N3.4b European Union assisted water projects are under threat in five states across the Niger Delta region, Mr Albert Achten, Leader of the Technical Team...
The Independent Petroleum Marketers Association (IPMAN) has made arrangement to flood the market with enough supply of premium motor spirit, Ripples has learnt. Giving this hint...
Foreign Affairs Minister, Geoffrey Onyeama on Thursday stated that the Federal Government has no plans to shut down any of its embassies and high commissions as...
Electricity Distribution Companies (Discos) in the country have attributed their poor performances, and inability to meet their obligations to their failure to access foreign exchange. Executive...
After a day of profit-taking on Tuesday, Nigerian equities regained the uptrend on Wednesday as increased demand for highly capitalised stocks helped to mitigate widespread profit-taking...
The Minister of Communications, Adebayo Shittu, on Wednesday, cleared the air on the controversy over the payment of N50b fine by the telecoms giant, MTN Nigeria....
Authorities at the Nigerian Stock Exchange (NSE) on Wednesday delisted eight companies over what they described as persistent failures of the companies to meet best corporate...
The Federal Executive Council (FEC) on Wednesday approved 30% tax incentives for Africa’s richest man, Aliko Dangote to enable him construct Lokoja-Obajana-Ilorin road. The Obajana factory...
Nigerian equities turned negative on Tuesday as investors sought to take profits from the recent sustained rally at the stock market. With more than two losers...
The Federal Government has paid the outstanding N48. 2 billion subsidy arrears owed oil marketers in 2015. The Minister of Finance, Mrs. Kemi Adeosun, stated this...
Warren Buffett’s Berkshire Hathaway holding company today disclosed in a regulatory filing that it owns around 9.81 million shares of Apple — worth around $1.07 billion...
The Minister of State for Aviation,Hadi Sirika has hinted that the government is considering the concessioning of the airports and it intends to start with the Lagos,...
Highly capitalised stocks in the breweries, building materials and petroleum-marketing sectors rallied Nigerian equities to a strong start on Monday with a gain of N130 billion....
Solar power consumption may soon be captured in the electricity tariff regime, Ripples Nigeria has learnt. The final details of this proposal is being worked out...
The National Bureau of Statistics said on Monday that Nigeria’s inflation rate hit a six-year high in April, reaching 13%. The rates were put at 12.8%...
Oando Plc will this Monday delist its foreign-listed subsidiary, Oando Energy Resources (OER) Inc, after buying over shares of minority shareholders. OER is listed on the...
The Electricity Distribution Companies (Discos) have begun mass disconnection of customers indebted to them nationwide. Among those affected are government establishments, residential and commercial buildings. The...
The planned N500billion palliatives earmarked in the 2016 budget will benefit over eight million ordinary Nigerians. Confirming this development, the Senior Special Assistant on Media and...
Modalities for resolving an outstanding N16.5 billion fuel subsidy claim may unsettle the fresh romance between the federal government and petroleum marketers, Ripples Nigeria has gathered....
There are strong indications that fuel price may scale the N145/litre mark if forex for importation of petrol continues to elude marketers. Reuters reports that there...
The over N5.3trillion pension funds in the custody of the National Pension Commission is safe and secured, Eguarekhide Longe, chairman, Pension Fund Operators Association of Nigeria...
Eko Electricity Distribution Company (EKEDC) is set to sign a memorandum of understanding (MoU) on technical assistance with the United States Agency for International Development (USAID),...
The decision of the Federal Government to increase the pump price of Petrol from N86. 50 to N145 has continued to have rippling effect on the...
Vice President, Yemi Osinbajo has attempted to explain government’s position, and what led to government’s decision to increase the pump price of petrol. The vice president...
The Economic and Financial Crimes Commission (EFCC) has launched a massive investigation into accounts and operations in First Bank of Nigeria as part of ongoing hunt...
The board of directors of Lafarge Africa Plc on Thursday met and approved the acquisition of 50 per cent equity stake in United Cement Company of...
Nigerian equities broke away from a two-day decline to a major rally on Thursday as investors scrambled for shares of downstream oil majors quoted on the...
Minister of Finance, Mrs. Kemi Adeosun, has directed an investigation into the payrolls of the Air Force, the Navy and the Army by the Continuous Audit...
These are certainly bad times for acclaimed turnaround expert, Mr. Jimoh Ibrahim, as the Federal Inland Revenue Service (FIRS) on Thursday sealed up the Abuja Head...
Minister of Budget and National Planning, Senator Udoma Udo Udoma on Thursday gave the breakdown of the 2016 budget which was signed into law last week...
Investors showed increased appetite for quoted stocks on Wednesday as most stocks rode on the back of the increased bargain-hunting to close at higher prices. But...
Oil giant, Shell Petroleum Development Company of Nigeria Ltd, SPDC, Wednesday, said it has declared force majeure on Bonny Light crude exports following a leak on...
The Federal Government has finally dumped the subsidy on Premium Motor Spirit (PMS) also known as petrol, after weeks of speculations, as the product will now...
The Treasury Single Account of the Federal Government, TSA, has again come under attack, as the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, has opposed the...
Facts have emerged on the reason for the last week’s investigative visit of the Economic and Financial Crimes Commission (EFCC) to Sterling Bank, as the bank...
The Debt Management Office (DMO), which oversees Federal Government’s debt issuance programme, has estimated that Nigeria needs $25 billion, about N4.9 trillion, annually for the next...
Financial services regulators have launched a concerted seize and forfeit hunt to recover a total of 2.5 billion ordinary shares which were allegedly illegally issued by...
Nigerian equities opened on Monday with widespread positive sentiments as investors increased demand for banking and consumer goods stocks. Average gain at the Nigerian Stock Exchange...
The Federal Government has concluded plans to privatize the nation’s refineries within the next 12 months, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has...
The Lagos State Government has said it generated a total revenue of N101.69 billion in the first quarter of year 2016 with a surplus of ₦4.85...
A boost is coming the way of local miners as the Federal Government has concluded plans to give intervention funds to the sector. Giving this hint...
The Central Bank of Nigeria (CBN) has commenced investigation of deposit money banks over alleged malfeasance following manhunt of banks’ chief executives by the Economic and...
The second Niger Bridge has been a long drawn out project inherited by a number of previous administrations, but remains largely on the drawing board. However,...
The management of the over 11 electricity Distribution Companies (Discos) in Nigeria have set machinery in motion to carry out a nationwide disconnection of major government...
Great expectations, that was the feeling of many Nigerians as they watched with rapt attention last Friday when President Muhammadu Buhari signed the 2016 Appropriation Bill...
Nigeria’s economic woes may be taking a turn for the worse, as reports say the nation’s oil output has fallen to the lowest level in 22...
Operatives of the Economic and Financial Crimes Commission, EFCC, on Friday stormed the head office of Access Bank in Victoria Island, Lagos and arrested its Managing...
For the second consecutive trading session, Nigerian equities ended in the red as profit-taking transactions on highly capitalised stocks counterbalanced equally widespread bargain-hunting for undervalued stocks....
Moody’s Investors Service, a leading global rating agency, has re-affirmed the resilience of the Sterling Bank franchise by maintaining the bank’s standalone Baseline Credit Assessment (BCA)...
Minister of Solid Minerals Development, Kayode Fayemi, on Thursday said mining and related services contribute only N400 billion to the Gross Domestic Product (GDP) and should...