Kaduna Electricity Distribution Company (KAEDCO) risk losing its operational licence due to the company’s N51.93 billion debt. KAEDCO received a notification from the Nigerian Electricity Regulatory...
Investors in the Nigerian capital market gained N102.3 billion at the close of trading on Tuesday. This followed the rise in market capitalization from N28.44 trillion...
The minority shareholders of Union Bank of Nigeria (UBN) have been ordered by the Federal High Court to vote on the N7 per share acquisition offer...
The International Air Transport Association (IATA) has denied setting an exchange rate for international flight tickets in Nigeria. There have been reports that international airlines have...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged telecoms firms and deposit money banks (DMBs) to consider the interest of financial...
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, on Monday, cautioned the 36 state governors on excessive borrowing. Okonjo-Iweala, who spoke at the...
The Nigerian capital market ended trading with N28.44 trillion equity capitalization on Monday. The figure was 0.03 percent or N10 billion higher than the N28.43 trillion...
Nigeria’s headline inflation rate rose to 22.22 percent in April, the National Bureau of Statistics (NBS) said on Monday. The country’s inflate was pegged at 22.04...
Something happened in the last week of April 2023 when the Federal Airport Authority (FAAN) and Lagos State Building Control Agency went to Ajao Estate to...
The single majority investor and directors at First City Monument Bank (FCMB) were busy mopping up shares in the stock market last week, buying 13.37 million...
Geregu, United Bank for Africa (UBA) and Transnational Corporation (Transcorp) Plc made the list of companies’ stocks to watch this week, thanks to the activities of...
Equity traders exchanged a total turnover of 3.602 billion shares in 27,801 deals, worth N36.451 billion, between Monday to Friday this week. The stock market investors...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed President Muhammadu Buhari and the previous administrations for Nigeria’s rising debt. Oniha said the...
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 National Hajj Commission (NAHCON) has agreed to the $250 increase in flight tickets demanded by Air Peace and three other airlines from pilgrims to Saudi...
Telecommunications operators in Nigeria have concluded plans to disconnect banks over N120 billion in Unstructured Supplementary Service Data (USSD) debt. The latest move followed approval by...
The equity capitalization in the Nigerian capital market rose by 0.10 percent at the close of trading on Friday. This indicated a N29.06 growth in the...
Angola displaced Nigeria as Africa’s largest crude oil producer last month. The oil production data from April obtained from the Organisation of Petroleum Exporting Countries (OPEC)...
Airtel Africa recorded a drop in its net profit, with Nigeria leading its revenue growth for the annual financial period covering April 2022 and March 2023....
The board of Seplat Energy has responded to a fresh court order against its top executives, saying the company is yet to receive the Interim Order....
The stock market has been buzzing with patronage from high-end investors in the past weeks, and recently, Herbert Wigwe and Paul Otedola made a visit to...
The equity capitalization in the Nigerian capital market dipped by 0.75 percent at the close of trading on Wednesday. This translated to a N215.6 billion drop...
The Chairman of United Bank for Africa (UBA) Plc, Tony Elumelu has acquired more shares to increase his ownership stake in the lender. This followed a...
The Nigeria Immigration Service (NIS) has blamed the Central Bank of Nigeria (CBN) for the scarcity of international passport booklets in the country. NIS comptroller-general, Idris...
The Managing Director and Chief Executive Officer of Eterna Plc, Benjamin Nwaezeigwe, has acquired shares in the oil and gas company. Nwaezeigwe bought a total of...
The majority shareholder of Geregu Power, Femi Otedola, has sold part of his shares in the power firm, weeks after exiting Transnational Corporation (Transcorp) Plc. Otedola...
Central Bank of Nigeria’s Governor, Mr. Godwin Emefiele, stated on Tuesday that the repatriation of export revenues into the nation increased by 40% to $5.6 billion...
Nigerian bourse ended trading on Tuesday with 0.04 per cent or N14.09 billion increase in market capitalisation. The equity valuation rose from N28.62 trillion to N28.64...
The Nigerian Communications Commission (NCC) generated N117.36 billion from Airtel Nigeria and MTN Nigeria after both firms renewed their 3G spectrum. Airtel Nigeria paid N58.70 billion...
MTN Nigeria has agreed to a N4.25 billion spectrum deal with Natcom Development and Investment Limited (NTEL). Details of the deal showed MTN paid N4.25 billion...
The majority shareholder of Union Bank of Nigeria (UBN) Plc, Titan Trust Bank Limited, has offered N12.18 billion to buy out the minority investors in the...
Demands for Multiverse, International Breweries, and other companies’ shares lifted the Nigerian capital market by 0.21 percent on Monday. This indicated that the value of investments...
The Central Bank of Nigeria (CBN) has still not approved the 2022 Annual Financial Statements (AFS) of Unity Bank, and First Bank of Nigeria (FBN) Holdings...
Nigerian Breweries, Access Holdings and MTN Nigeria are stocks to watch out for this week, as the Nigerian bourse resumes for another trading week. Ripples Nigeria...
President Muhammadu Buhari will commission the multi-billion naira Dangote Refinery in Lagos on May 22. The Special Assistant on Digital Communications to the President, Bashir Ahmad,...
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 Debt Management Office (DMO) has allayed the fears on the transfer of the Federal Government’s N22.7 trillion debt burden to Nigerians. The Senate on Thursday...
The Group Managing Director and Chief Executive Officer of Access Holdings, Herbert Wigwe, continued to splash the cash on shares in a bid to retain control...
The equity capitalization in the Nigerian capital market rose to N28.56 trillion at the close of trading on Friday. The figure represents 0.33 percent or N95.05...
Nestle Nigeria’s revenue from exported products fell by N1.76 billion or 87.3 per cent between January to March 2023, Ripples Nigeria has learnt. The company is...
Airtel Nigeria has appointed a new Managing Director and Chief Executive Officer, Carl Cruz, to replace C Surendran, effective on Friday, May 5. The telecommunications company...
Seplat Energy has denied reports that the Federal High Court in Abuja has restrained the oil and gas company from holding its 2023 Annual General Meeting...
Sterling Bank recorded a 16.64 per cent year-on-year increase in its gross earnings for 2022, closing the year with N175.14 billion. The year before, Sterling Bank...
The Nigerian bourse recovered from Wednesday’s loss with a 0.15 percent appreciation in the stock market’s equity capitalisation on Thursday. According to the market data, the...
Coinbase, a U.S.-based cryptocurrency exchange, has informed crypto traders that they would be unable to obtain loans from the exchange starting from May 10, 2023. The...
Zenith Bank Plc Wednesday night confirmed a fire incident at its storage facility in Lagos State. In a post on its verified Facebook page, the bank...
The management of Air Peace on Wednesday accused the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) of targeting the airline amid its dispute...
The equity capitalization in the Nigerian capital market crashed to N28.42 trillion on Wednesday. The loss was the capital market’s second in the last 24 hours....
The Central Bank of Angola, Banco Nacional de Angola, has approved Access Bank’s plan to acquire the majority equity stake in the country’s lender, Finibanco Angola...
Sterling Bank was fined N218 million for breaching nine regulations of the Central Bank of Nigeria (CBN), the company’s annual financial statement for the period of...