The Central Bank of Nigeria (CBN) has approved the appointment of an Indian, Manish Singhal, to the Sterling Bank Plc’s board. The bank confirmed the development...
The Nigerian capital market ended trading on Monday with a 0.06 percent rise in equity capitalization. This represented a N20.3 increase in the market capitalization from...
The Chartered Institute of Bankers of Nigeria (CIBN) has doused fears of any Nigerian Deposit Money Banks (DMB) collapsing due to the chaos from the Naira...
Investors are distancing themselves from Sterling Bank amid multiple accusations over their handling of the new Naira notes the Central Bank of Nigeria (CBN) handed to...
Four months ago, the Central Bank of Nigeria (CBN) announced that it was redesigning the N200, N500 and N1,000 notes, a move that shocked many Nigerians....
Data show that seven Nigerian banks in 12 months committed over N173.99 billion on the salaries and wages of their staff. This amount is 19.21 percent...
Ardova, FTN Cocoa and Ellah Lakes make the list of stocks to watch this week due to various reasons related to the stock market activities. Ripples...
Nigerians continue to carry out transactions with the old naira notes despite the Central Bank of Nigeria (CBN) deadline on the use of the old currency...
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 944.293 million shares worth N22.710 billion in 18,615 deals this past week on the floor of the Nigerian Stock Exchange. This was below the...
The Central Bank of Nigeria (CBN) said on Saturday the redesign of the naira notes was initiated to make Nigeria’s monetary policy decisions more effective, and...
The Central Bank of Nigeria (CBN) has updated the list of actions that constitute an abuse of the naira notes. In a post on its Twitter...
The Central Bank of Nigeria had debunked media reports that the Nigeria Security Printing and Minting Company lacks the capacity to print new naira notes. The...
The equity capitalization in the Nigerian capital market crashed by -0.05 percent at the close of trading on Friday. This represented a N17.7billion dip in the...
The Federal Government has directed depot operators to sell Premium Motor Spirit (PMS) also known as petrol at the official price of N172 per litre to...
Wema Bank has reported a N12.6 billion profit in 2022, its highest profit in seven years. The full-year 2022 profit is also 41.7 percent increase when...
Instant electronic payment dropped to N38.77 trillion in January 2023 despite the Central Bank of Nigeria (CBN) hoping the Naira redesign policy would push digital transactions...
The Central Bank of Nigeria (CBN) on Thursday blamed Nigerians for the scarcity of the naira notes in the country. The Director of Consumer Protection, Rashidat...
With N36.57 billion lost during trading on Thursday, the market capitalisation of the Nigerian stock market closed down at N29.60 trillion. This is a -0.12 per...
The relatives of Femi Otedola, the majority shareholder of Geregu Power Plc, have acquired millions of shares in the electricity company. Paul Olurotimi Otedola and Ayokunle...
The Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions (OFIs) under its regulation and payment service providers to search through their...
Sterling Bank has countered claims made by the Independent Corrupt Practices Commission (ICPC) that the anti-corruption agency “discovered” new Naira notes worth N258 million in the...
The Nigerian stock market recovered from Tuesday’s loss with a 0.23 per cent rise in the equity capitalisation on Wednesday, which reflects a N69.33 billion gain....
The International Monetary Fund (IMF) has waded into the current naira scarcity in Nigeria by calling on the Federal Government and the Central Bank of Nigeria...
The Nigerian National Petroleum Company (NNPC) Limited said on Tuesday the average petrol supply for the country currently stands at 63 million litres per day. The...
Zenith Bank Plc has shut down some of its branches in the Federal Capital Territory (FCT) and other states following attacks from customers over their inability...
Investors in the Nigerian capital market lost N37.02 billion to sell-off in Japaul Gold and UAC Nigeria, among others on Tuesday. After five hours of trading...
Following discovery that Sterling Bank was hoarding the new Naira notes, preventing its customers from accessing their funds, the firm has waved charges on transfers. A...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has dismissed reports making the rounds that it had directed members to suspend operations across the country. IPMAN President,...
UAC of Nigeria PLC (UAC) has recorded N4.7 billion loss in the full year of 2022, no thanks to high operating costs. Checks on the company’s...
The Central Bank of Nigeria (CBN) should have introduced N5,000 notes to avoid the hardship Nigerians are facing due to the Naira redesign, the Director-General of...
Ardova Plc has began the move to go private, as Ignite Investments & Commodities Limited, owned by AbdulWasiu Sowami, has offered to buy out minority shareholders....
The Debt Management Office has concluded plans to secure funds for the 2023 budget in the next two days. To achieve, the objective, it made an...
The equity capitalization in the Nigerian capital market rose to N29.61 trillion at the close of trading on Monday. This was 0.28 percent or N90 billion...
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Debo Ahmed, said the Nigerian National Petroleum Company (NNPC) Limited has failed to fulfil...
The Central Bank of Nigeria (CBN) has threatened to fine Sterling Bank for hoarding the new Naira notes made available to the financial institutions for public...
Nigerian banks have come out to deny hoarding the new naira notes amid strings of visits by security agencies to banks across the country. The Independent...
Stocks to watch this week are Capital Hotel, Airtel Africa, and Geregu, as the Nigerian stock exchange resumes another trading session this week. Ripples Nigeria stocks...
The Kenyan government has dropped the financial impropriety charges against Nigerian Financial Technology company, Flutterwave. The Kenyan government in July last year blocked 62 bank accounts...
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...
Amid biting scarcity of petrol across the country, independent marketers have alerted members on the proposed enforcement of N195/litre pump price by the government. It was...
The Central Bank of Nigeria (CBN) will meet with deposit money banks (DMBs), mobile money operators, and telecommunications companies in the coming days to address the...
The President of the National Association of Nigeria Travel Agencies (NANTA), Susan Akporiaye, said on Friday the operators had lost $550 million in revenue due to...
The Central Bank of Nigeria (CBN) has intensified its effort to end the long queues in banking halls and Automated Teller Machines (ATMs). According to Atiku...
The most common investments that can fetch you a lot are Cryptocurrency and Real estate. So, when you mention investment, these are the two that easily...
Ecobank Transnational Incorporated has said it will delay the release of its fourth quarter 2022 Unaudited Financial Statements The Securities and Exchange Commission’s (SEC) listing rules...
The external reserves fell in January 2023, extending its downward movement from the year before, as foreign investors remained on the sidelines. According to data from...
The Federal Government has criticised the international rating agency, Moody’s, stating that the agency doesn’t have an understanding of Nigeria’s economy. Ripples Nigeria had reported that...
The Nigerian National Petroleum Company (NNPC) Limited on Thursday signed an agreement with Daewoo Engineering and Construction Nigeria Limited for the rehabilitation of Kaduna Refining and...
Capital Hotels Plc has renamed the Sheraton Hotel, Abuja. Capital Hotels Plc shut down the leisure outfit in October 2022 over a disagreement with its facility...