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,...
Going into the Nigerian stock market this week, note that Eterna, BUA Cement and Nigerian banks are the stocks to watch. This week, the stock market...
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...
Investors traded 2.196 billion shares valued at N45.9 billion in 31,655 deals this week. This indicates the capital market underperformed this week when compared to the...
The operations of Binance Nigeria Limited, a subsidiary of the cryptocurrency exchange, Binance, have been declared illegal by the Securities and Exchange Commission (SEC). In a...
The Department of State Security (DSS) has arrested the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, The PM News reports. He was arrested...
Investors in Conoil, Sovereign Insurance, and other entities in the Nigerian capital market lost N13.94 billion at the close of trading on Friday. This followed the...
The Chairman of the Association of Licensed Telecoms Companies of Nigeria (ALTON), Gbenga Adebayo, said the network providers have sent Unstructured Supplementary Service Data (USSD) withdrawal...
A former aviation minister, Isa Yuguda, has disclosed that Richard Branson, the founder of British multinational venture capital conglomerate, Virgin Group, was chased out of Nigeria...
The equity capitalization in the Nigerian capital market dropped by N37 billion at the close of trading on Thursday. Consequently, the value of investments at the...
The National Bureau of Statistics (NBS) has revealed in its ‘Tax-to-GDP Ratio Revised Computation (2010-2021)’ report that Nigeria’s tax revenue to gross domestic product (GDP) is...
The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have revealed that both agencies will establish a Joint Audit or Investigation Team...
The Nigerian National Petroleum Company (NNPCL) has stated that it will reduce its imports of Premium Motor Spirit, more commonly known as petrol, once the Dangote...
The equity capitalization in the Nigerian capital market crashed by -0.02 percent at the close of trading on Wednesday. This represented a N7.8 billion dip in...
Tingo Group, a Nigerian fintech company, and the All Farmers Association of Nigeria (AFAN) has put a lie to allegations made against the firm by Hindenburg...
Car-hailing drivers in Nigeria under the umbrella of the Amalgamated Union Of App-Based Transport Workers Of Nigeria (AUATWON), have demanded Uber and Bolt reduce their commissions....
U.S. investment research firm, Hindenburg Research, has alleged that Tingo Group, a fintech company owned by Dozy Mmobuosi, is a scam. In a report released on...
The equity capitalization in the Nigerian capital market rose by 0.41 percent at the close of trading on Tuesday. This represented a N126.38 billion growth in...
Companies operating in the Nigerian oil and gas sector have dominated trading activities in the capital market in the last week as investors mop up oil...
BUA Cement, owned largely by the billionaire, Rabiu Abdulsamad, has obtained a $500 million loan from international creditors, the company disclosed in a corporate filing obtained...
In the first quarter of 2023, Nigeria recorded N6.49 trillion in export trade, which is an 8.7% decline year-on-year when compared to N7.1 trillion in Q1...
The value of investments in the Nigerian capital market crashed by 0.02 percent at the close of trading on Monday. This represented a N7.50 billion dip...
The majority shareholder in Ardova Plc, Ignite Investments & Commodities Limited, has increased the buyout price offered to minority investors in the oil company. In a...
The International Air Transport Association (IATA) has revealed that Nigeria tops the list of countries with the highest airlines funds blocked from repatriation. According to media...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to grant its members license to import petroleum after the deregulation of the...
The Nigerian stock market resumes this week with high hopes following an impressive run last week, and there are three stocks to watch during trading activities;...
Shortlet, also known as short-term rental, has been gaining popularity in the Nigerian real estate business in recent years. A short let refers to the rental...
The Nigerian stock market opened for four days in the just concluded week due to the public holiday on Monday, in celebration of the Presidential inauguration...
Unity Bank’s gross earnings closed 2022 with N57 billion, against the N50.2 billion reported in 2021, indicating 13.1% year-on-year growth. This was disclosed in a statement...
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 Central Bank of Nigeria (CBN) fined FBN Holdings subsidiary, First Bank of Nigeria Limited, N13.5 million for fraudulent dealings and other contraventions in 2022. In...
A letter from the Nigerian Civil Aviation Authority (NCAA) has revealed that the controversial national carrier, Nigeria Air has been unable to move on to phase...
The equity capitalization in the Nigerian capital market increased by 0.02 percent at the close of trading on Friday. This represented a N6.67 billion growth in...
First Bank of Nigeria (FBN) Holdings recorded a 9.8% drop in net profit at the end of 2022, despite growing its total earnings and Net Interest...
The President of the World Bank Group, David Malpass, has warned against the parallel exchange rate, stating that it impedes foreign investment, affects the bank’s projects,...
Lamido Yuguda, the director general of the Securities and Exchange Commission, has urged all levels of government to look to the capital market for funding while...
The Group Chief Executive Officer of the Nigeria National Petroleum Commission Limited, Mele Kyari, said on Thursday the subsidy regime ended in the country in February....
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, said on Thursday the price of Premium Motor Spirit (PMS) would drop...
The Deputy President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Zarama Mustapha, said the price of fuel can’t fall below N500 per litre. Mustapha,...
The Central Bank of Nigeria (CBN) has refuted a report that the naira has been devalued and the dollar rate increased to N631. A report emerged...
The equity capitalization in the Nigerian capital market crashed by 0.06 percent at the close of trading on Wednesday. This represented a N21.17 billion dip in...
Crude oil trading platforms play a vital role in the global energy markets. We, as market participants can buy and sell crude oil to other participants...
President Bola Tinubu’s statement on fuel subsidy has resulted in panic buying among Nigerians and some filling stations have resorted to profit from the chaos. On...
The inaugural address of freshly-minted President Bola Ahmed Tinubu has continued to trigger reactions. At first, the reactions appeared overwhelmingly positive. Longsuffering free market advocates waxed...
The Nigeria Labour Congress (NLC) and the Federal Government are to meet on Wednesday over the plan to remove petrol subsidy. According to the NLC national...
It’s one thing to make campaign promises, it’s another thing to fulfil them – and politicians are sweet talkers who make a lot of promises during...
Buoyed by President Bola Tinubu’s promise to investors in his inaugural address, the Nigerian capital market on Tuesday recorded the biggest growth in the value of...
The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, said on Tuesday the Federal Government still owes the company N2.8 trillion...
Ripples Nigeria’s Editor of Special Projects, Chinedu Chidi, has been unveiled alongside 19 others by the School of Media and Communications (SMC), Pan-Atlantic University, as part...
President Bola Tinubu’s decision to remove fuel subsidy has received backing from the Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPC) Limited, Mele...