The Financial Conduct Authority (FCA) a financial watchdog has penalized the UK unit of Nigeria’s Guaranty Trust Bank £7.6 million ($9.3 million) for money laundering. ...
Last week, investors holding Airtel Africa’s shares saw their investment fall by -5.19 per cent after four days of trading, as demand for the firm’s stock...
Commercial banks in the last 24 hours have been sending messages to Nigerians announcing the availability of the new naira notes. In messages sent to their...
The equity capitalization in the Nigerian capital market rose by 0.9 percent at the close of trading on Monday. This represented a N256.3 billion growth in...
The Central Bank of Nigeria (CBN) has announced that it has been able to record massive success in its effort to take back the excess cash...
Crude oil production in Nigeria fell by -11.6 per cent (or 163,000 barrels per day) last year to 1.235 million barrels per day (mbpd) in December...
Airtel Nigeria has announced the acquisition of 5G and an additional 4G spectrum from the Nigerian Communications Commission (NCC) for $316.7 million to be paid in...
The second-tier banks continued to dominate the top five best-performing financial institutions in Nigeria, with only one tier-one bank making it into the list in the...
The stocks to watch this week include Airtel Africa, Champion Brew and John Holt based on their trading performance last week. Ripples Nigeria stocks watchlist is...
The Nigerian Stock Exchange went on break on Monday, January 2, 2023, due to the Public Holiday to mark the New Year celebration. After resumption on...
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...
Chinese billionaire, Jack Ma, has lost the controlling stake in China’s payment company, Ant Group, following the restructuring of the firm’s ownership structure. In a statement...
Real Estate Agents help buyers and sellers alike guide through each stage of finding their perfect residential or commercial space. They do this by arranging viewings...
Deposit Money Banks have reverted to old naira notes for over-the-counter withdrawals, as the Central Bank of Nigeria (CBN) directed lenders to halt disbursing of new...
The Nigerian capital market recovered from Thursday’s losses with a 0.69 percent in equity capitalization at the close of trading on Friday. This represented a N192.71...
Nigerian National Petroleum Company (NNPC) Limited has denied claims that it exported $1 billion crude oil without records in four years. Ripples Nigeria had reported two...
The Nigeria Employers’ Consultative Association (NECA) has raised concerns over increasing tax burden on businesses amid a harsh operating environment in the country. The association particularly...
The Nigeria Financial Intelligence Unit (NFIU) has banned cash withdrawals from all bank accounts belonging to the federal, states, and local governments. The Chief Executive Officer...
The equity capitalization in the Nigerian capital market dipped by -1.52 percent at the close of trading on Thursday. This represented a N429.76 billion drop in...
Nigerians will have to pay almost half a million to buy and access the internet network package offered by Elon Musk’s company, Starlink. In a statement...
The revenue generated by the Nigerian railway service fell significantly in the second quarter of 2022, amid a rise in its debt service to loans obtained...
Electricity distribution companies (DisCos) in Nigeria have quietly increased tariffs by as much as 18.5 percent. The new tariff was effected from December 1, 2022, leaving...
The Debt Management Office (DMO) has raised concerns as Nigeria’s public debt is set to hit N72 trillion. Patience Oniha, the DG of DMO raised the...
The Central Bank of Nigeria (CBN) has denied any wrongdoing in the sale of Polaris Bank. This follows claims by an online publication (not Ripples Nigeria)...
The Nigerian capital market’s valuation rose to N28.13 trillion at the close of trading on Wednesday. The figure was 0.11 percent or N33.71 billion higher than...
Nigerian businesses concerned about rising interest rates and macro-economic issues have halted borrowings from the bond market According to data from Afrinvest Securities, there were 13...
Nigeria Inter-Bank Settlement System (NIBSS) has revealed that banks registered a total of 4.8 million new Bank Verification Numbers (BVNs) in 2022. According to the data...
The external debt service payments report by the Debt Management Office (DMO) has revealed that Nigeria’s railway-related debts gulped $548.67 million between 2016 and 2022. In...
Dollar hoarders are the biggest winners in the investment market in 2022, thanks to the policies of Godwin Emefiele, the governor of the Central Bank of...
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced the appointment of new directors across its subsidiaries. In a statement sent to NGX,...
The Auditor General of the Federation (AuGF) has alleged that the Nigerian National Petroleum Company (NNPC) Limited exported 17.877 million barrels of crude without proper documentation...
The Nigerian capital market returned from the New Year break on Tuesday with a 0.6 percent rise in equity capitalization. The figure represented N187.69 billion growth...
The Central Bank of Nigeria (CBN) has said the use of cash will naturally slow by 2025. In its Payments Vision 2025 document, the CBN said...
The Federal Government has allocated N6.6 trillion to debt service in the 2023 budget signed by President Muhammadu Buhari on Tuesday at the Presidential Villa in...
Electric car maker, Tesla, has announced making a 40% sales growth in 2022 after selling about 1.3m vehicles between Q1 and Q4. The record, according to...
The Debt Management Office (DMO) on Monday announced the issuance of its first bonds for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for subscription....
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s foreign reserves fell by 8.46 percent or $3.43 billion in 2022. The CBN disclosed this in...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed the persistent fuel scarcity in the country to disparity in the price of petrol as different...
The World Bank has revealed that about 62 percent of the Federal Government’s revenue would be gulped by debt owed to the Central Bank of Nigeria...
Nigeria’s equities market closed the year 2022 with a positive return of 19.98 percent This is thanks to the impressive rally recorded at the last trading...
Geregu, Airtel Africa and FBN Holdings made it into this week’s stocks to watch list as the exchange resumes four days of trading. Ripples Nigeria stocks...
With the increase in the mandatory Motor Third Party Insurance Premium from N5000 to N15000, motorists traveling in West African nations would no longer need to...
The Nigerian capital market witnessed increased investment this week despite opening trading for only three days due to the Christmas holiday. Trading data obtained from the...
It is less than 24 hours to a new year and goodbye to 2022 cannot end fast enough for many Nigerians, as it was a year...
Investors in the Nigerian capital market pocketed N518.01 billion following the rise in equity capitalization by 1.8 percent at the close of trading on Friday. This...
Wema Bank has announced that its Managing Director and Chief Executive Officer, Ademola Adebise, will go on terminal leave, with Moruf Oseni taking over. Adebise’s terminal...
As the curtain is drawn down on 2022, analysis of Airtel Africa and MTN Nigeria’s outing in the stock market showed investors patronising the telco stocks...
International transactions on Guaranty Trust Bank (GTBank) naira Mastercard have been suspended by the financial institution indicating banks are still struggling with foreign exchange (forex) scarcity....
The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Gbenga Adebayo, has disclosed that network providers will disconnect banks from the Unstructured Supplementary...
The billionaire businessman, Femi Otedola, suffered mixed fortune in the Nigerian capital market following the drop in his investment in First Bank Holdings by -6.35 percent....
