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...
The equity capitalization in the Nigerian capital market rose by 1 percent at the close of trading on Thursday. This represented a N271.4 billion rise in...
Airtel Africa’s earnings in Nigeria slowed in the nine-month period that ended on December 31, 2022. The network provider also recorded slow growth in other African...
Dangote Industries Limited (DIL) and China Sinoma International Engineering have signed an agreement to build a cement plant in Itori, Ogun State. According to a statement...
Geregu Power Plc has reiterated its plan to acquire one of the power generation companies on sale from the Bureau of Public Enterprises (BPE). Femi Otedola’s...
The Central Bank of Nigeria has directed commercial banks to pay Nigerians withdrawing cash over-the-counter with new naira notes. CBN gave the directives in a circular...
The Nigerian Ports Authority (NPA) has disclosed that the volume of imported containerised goods brought into Nigerian seaports has grown by 13.10 percent in five years...
The United States-based rating firm, Moody’s Investors Service, has downgraded the long-term deposit ratings, issuer ratings, and senior unsecured debt ratings for banks in the country....
The International Monetary Fund (IMF) on Wednesday raised Nigeria’s 2023 economic growth projection to 3.2 percent. In its January 2023 World Economic Outlook (WEO) titled: “Inflation...
The Nigerian stock market closed on a positive note on Wednesday, with the equity capitalization appreciating closing at N29.13 trillion. The figure was 0.50 percent or...
Geregu Power Plc generated its lowest revenue in three years, Ripples Nigeria learnt on Wednesday after obtaining the company’s 2022 Full Year financials. According to the...
As Elon Musk’s Starlink commences operation in Nigeria, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said his firm is operating in a challenging business...
Antan Producing Limited, a fully owned subsidiary of the Nigerian National Petroleum Company (NNPC) Limited has appointed Sagiru Jajere as its managing director, to manage four...
The Central Bank of Nigeria (CBN) has clarified its governor, Godwin Emefiele’s position on the old currency notes. Emefiele, who appeared before the House of Representatives...
Investors in the Nigerian capital market pocketed N44.03 billion following a 0.15 percent growth in equity capitalization at the close of trading on Tuesday. After five...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Tuesday banks would continue to accept the old naira notes even after the...
Addax Petroleum and the Nigerian National Petroleum Company (NNPC) Limited terminated their 24-Year Production Sharing Contract (PSC) on Tuesday. In a statement released by the NNPC...
Forward Microfinance Bank has elected a new board and chairman, as the previous members retired in line with the Central Bank of Nigeria (CBN) regulation. The...
The former Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, has said the Central Bank of Nigeria (CBN) led by Godwin Emefiele...
