Guinness Nigeria has appointed John Musunga to replace the outgoing Managing Director and Chief Executive Officer, Baker Magunda, after the latter resigned from his position in...
Nigerians are approaching their banks for loans to cover expenses amid the rising cost of living in the country. Ripples Nigeria had earlier showed how much...
The Transmission Company of Nigeria (TCN) has restored the national grid after its partial collapse on Monday. TCN’s General Manager, Public Affairs, Mrs. Ndidi Mbah, disclosed...
Investors at the Nigerian capital market gained over N100 billion at the close of trading on Monday. This followed the rise in equity capitalization from N26.44...
Sterling Bank has restructured and taken on a new name, Sterling Financial Holdings Company Limited (HoldCo), after shareholders agreed to transfer their investment into the HoldCo,...
Major Nigerian cities including Abia and Enugu, were thrown into darkness on Monday as the national grid collapsed again for the 7th time in 2022. The...
First Bank of Nigeria (FBN) Holdings Group Managing Director, Nnamdi Okonkwo, has bought more shares in the financial institution, barely one month after he made his...
BUA Cement, Cadbury and Vitafoam made it into the stocks to watch this week, as trading resumes in the Nigerian Stock Exchange. Ripples Nigeria stocks watchlist...
Brent, the global benchmark for crude oil is now trading below $90 after hitting a record high in recent months. Industry figures seen in the early...
Seems money saved in Piggyvest by Nigerians are being stolen by fraudsters/hackers, with two customers already alleging they lost over N2.36 million – but the company...
Buying a rental property is a good step in the real estate business. However, I would advise that you shouldn’t barge into it without having some...
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) has concluded on directly deducting loan defaulters under the Anchor Borrower Programme (ABP), as farmers ignore their debt obligation. This...
As Nigeria continues to struggle with oil theft, Chief Timipre Sylva, Minister of State for Petroleum Resources, has disclosed that there are over 265 illegal refineries...
The President of the African Development Bank (AfDB) Akinwumi Adesina, said the international community needs to come to the aid of Nigeria as regards the country’s...
The equity capitalization in the Nigerian capital market crashed to N26.53 trillion at the close of trading on Thursday. The figure was N124.90 billion less than...
The largest cryptocurrency exchange, Binance, has appointed former First Bank of Nigeria (FBN) Holdings chairman, Ibukun Awosika, into the company’s board. Awosika joined the advisory board...
The Central Bank of Nigeria (CBN) has approved the acquisition of Access Pension Fund Custodian Limited by First Pension Custodian Nigeria Limited (First Pension). First Pension...
The Chief Executive Officer of Tesla, Elon Musk, and co-founder of Twitter, Jack Dorsey, will testify ahead of next month’s court trial over the world’s richest...
The Nigerian police has revealed that fraudsters have hacked into an old generation bank (name withheld), stealing a whopping sum of N523,337,100.00 in one day. Already,...
The Nigerian Civil Aviation Authority (NCAA) has reported 93 bird strike incidents across airports in the country in the first six months of 2022. Azike Edozie,...
First Bank of Nigeria has cancelled the usage of all its Naira Card for international transactions as scarcity of foreign exchange forced the lender to change...
The Nigerian capital market dipped by -0.04 percent at the close of trading on Wednesday. This means the total value of investment in the capital market...
The Central Bank of Nigeria (CBN) has approved the request of Access Holding, the parent company of Access Bank, to establish a payment company that will...
The Debt Management Office (DMO) has revealed that the federal government, in the first six months of 2022, spent N1.87 trillion repaying matured loans. The loans...
The Nigerian Exchange Group (NGX) seems to be falling like a pack of cards under Oscar Onyema, and his 11 years leading the company is being...
The Nigerian capital market rebounded from previous losses on Tuesday with the bourse ending the day’s trading with N26.67 trillion equity capitalization. The figure represented a...
Nigeria’s total public debt rose by 2.98 percent in the second quarter of this year to N42.84 trillion ($103.31 billion), new data released by the Debt...
Regardless of the mode of transportation, Nigerians were forced to pay more in August to commute from one part of the country to another. The latest...
As the Yuletide season beckons, the Nigerian National Petroleum Company (NNPC) has disclosed that appropriate supply arrangements have been made, so there won’t be a shortage...
Electricity consumers in Nigeria paid Electricity distribution companies (DisCos) in Nigeria N393.14 billion for power consumed in the first six months of 2022. This is according...
Honeywell Flour Mills has disclosed that new board members and management teams have been appointed following the acquisition of the company by Flour Mills of Nigeria...
Jaiz Bank has appointed Dr. Sirajo Salisu as its Managing Director/Chief Executive Officer. Jaiz Bank confirmed the development in a statement signed by the Company Secretary,...
Investors in the Nigerian stock market lost N18.89 billion following the crash in equity capitalization to N26.66 trillion on Monday. The figure was -0.07 percent lower...
Governors of the North-East region have began plans to establish a regional carrier, North-East Regional Air Shuttle Limited, which would compete with other domestic airlines and...
Delta, Edo, Ekiti and Ondo states residents risk being plunged into darkness amid the ownership tussle between Vigeo Power Limited, Fidelity Bank and African Export-Import Bank...
MTN Nigeria, Access Bank and FCMB made it into the stocks to watch this week, as trading resumes in the Nigerian Stock Exchange. Ripples Nigeria stocks...
Investors holding Nestle Nigeria’s shares have been losing money, but its majority shareholder, Nestle S.A, seem unperturbed about the accumulating losses as it continues to splash...
Africa’s richest man, Aliko Dangote’s net worth dropped to $18.8 billion, the lowest since September last year. The drop in Dangote’s wealth followed the loss of...
Trading ended this week with investors splashing N8.004 billion on 719.398 million shares in 17,444 deals. However, this fell short of the N9.329 billion the shareholders...
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...
Indian billionaire, Gautam Adani, has become the second richest person in the world two weeks after he climbed to the third spot on Bloomberg Billionaire Index,...
The Nigerian stock market’s equity capitalization crashed by -0.13 percent at the close of trading on Friday. This means the total value of investments in the...
Azman Air resumed operation hours after the company suspended its passenger operation amid disagreement with the Nigerian Civil Aviation Authority (NCAA) and other aviation agencies. Recall...
Ethiopian Airlines is to invest in Nigeria’s national carrier, Nigeria Air, after the Addis Ababa government-owned airline was chosen as the core investor and the technical...
The founder of FTX Crypto Derivatives Exchange, Sam Bankman-Fried, has entered into a bidding war with Wave Financial, a digital-asset investment firm, to acquire the assets...
The Nigeria-Morocco Gas Pipeline Project officially kicked off following the Memorandum of Understanding(MOU) signing between ECOWAS and Morocco. The Nigerian National Petroleum Company Limited revealed this...
The Central Bank of Nigeria (CBN) has announced that the eNaira platform will be unavailable for a period of time. CBN disclosed this in a series...
Amazon billionaire, Jeff Bezos, has lost his third richest spot to Indian billionaire, Gautam Adani, after his wealth depreciated thanks to investors’ loss of interest in...
On Thursday, Nigeria’s currency recorded a small positive trade against the US dollar. According to data published on the FMDQ website, where forex is officially traded,...