Nigerian banks are still dispensing old notes to their customers using their Automatic Teller Machine, checks by Ripples Nigeria has revealed. On Thursday, December 15, the...
There’s so much wrong information out there. Beware! Don’t just believe everything. Not everything you see out there is correct. The fact is this, there are...
The bulls maintained their grip on the Nigerian stock market on Friday, as demands for stocks like UPDC, PZ and others pushed the market capitalisation up...
The World Bank has announced that Nigeria’s growing inflation rate has cut the existing minimum wage by 55% and has raised the number of poor by...
A lawsuit seeking to prevent the Central Bank of Nigeria (CBN) from effecting the cash withdrawal limit has been adjourned to January 10, 2023, a day...
Gains in Chemical and Allied Products (CAP), Ardova, amongst others handed some investors in the Nigerian capital market N133.43 billion, leading to the market capitalisation appreciating...
Inflation in Nigeria accelerated for the 10th straight month to 21.47% in November. The figure means that in the month of November 2022, the general price...
The Central Bank of Nigeria (CBN) will start rolling out the redesigned naira notes of N200, N500 and N1000 through commercial banks on Thursday. Ripples Nigeria...
The Nigeria Customs Service has revealed that it made over N1.95 billion in the month of November from goods imported through the Murtala Muhammed International Airport...
The National Pension Commission (PenCom) has revealed that cash withdrawals by sacked workers in the country increased to N8.27 billion in the third quarter of 2022....
Investors in the Nigerian capital market gained N73.2 billion at the close of trading on Wednesday. This followed the rise in market capitalization by 0.27 percent...
The Federal Executive Council (FEC) on Wednesday approved the Finance Bill 2022 designed to support the implementation of the 2023 budget. The Minister of Finance, Budget...
Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued...
The United States’ Securities and Exchange Commission (SEC) has charged Sam Bankman-Fried, the founder of Futures Exchange (FTX) for diverting customer funds, that resulted in loss...
The Organization of Petroleum Exporting Countries (OPEC) has revealed that Nigeria has regained its status as Africa’s leading oil producer. OPEC in its Oil Market Report...
The Naira exchanged at N446.38 to the dollar at the Investors and Exporters window on Tuesday. This means that the Naira depreciated by 0.09 percent compared...
The founder of Futures Exchange (FTX), Sam Bankman-Fried, has declared that the disgraced cryptocurrency platform has enough funds to pay its investors. Investors in FTX lost...
Investors in the Nigerian capital market lost N24.8 billion following the dip in equity capitalization by -0.09 percent at the end of trading on Tuesday. After...
The Nigerian Exchange Group (NGX) has revealed that foreign investors withdrew a total sum of N171 billion from the capital market between January and October this...
Nigeria’s bid to establish a new national carrier has once again failed because airline operators are determined to get their way in court. Nigeria Air was...
The International Air Transport Association (IATA) has revealed that airlines are spending $222 billion extra on fuel. Kamil Alawadhi, Regional Vice President for Africa and the...
The Nigerian capital market posted a sluggish growth in investments at the close of trading on Monday. This followed the 0.03 percent or N10 billion rise...
The Advertising Regulatory Council of Nigeria (ARCON) has mandated skit makers, social media influencers, and bloggers, among others to seek its approval before advertising any product...
The Central Bank of Nigeria (CBN) has announced plans to meet with digital lenders, application developers, start-ups, and financial technology providers to identify new innovations that...
In 2023, Nigeria’s debt servicing will gulp 123.4 per cent of Federal Government’s revenue, the World Bank’s Lead Economist for Nigeria, Alex Sienaert, has projected, expressing...
The brewery industry is struggling to curb the cost of operations, and this is affecting the net profit of the sector. As the former rose by...
The Federal government of Nigeria has given full approval to a Nigerian startup airline, Rano Air, to begin operation. The special assistant to President Muhammadu Buhari...
The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, on Sunday, reinstated his plan to privatize dormant national assets if elected as Nigeria’s president next year....
The Central Bank of Nigeria (CBN) and the bankers’ committee have agreed that banks would give N500 billion in loans to export-oriented enterprises that generate annual...
Investors traded 1.225 billion shares valued at N15.243 billion in 15,317 deals this week. This surpassed 839.978 million shares worth N12.418 billion which exchanged hands in...
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...
Real estate is an industry with diverse opportunities all over the world. People are now focused on investing in land and structures. Real estate has many...
Nigeria sold goods worth N1.7 trillion to other countries in Africa in the first nine months of this year. The National Bureau of Statistics (NBS) disclosed...
The former chief executive officer of FTX, Sam Bankman-Fried, has declared his intention to start a new business to generate funds for investors affected by his...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, on Saturday, decried the effect of the forex scarcity on the nation’s economy. Ripples Nigeria...
The Debt Management Office (DMO) has revealed that the total debt stock of Nigeria has increased to N44.06 trillion as of September 2022. DMO disclosed this...
The Nigerian Exchange Group (NGX) has fined Ecobank Transnational Incorporated (ETI) N3.2 million for failing to submit its third quarter 2022 financial statements after the date...
Investors in the Nigerian capital market pocketed N280billion at the close of trading on Friday. This followed the rise in market capitalization by 1.06 percent to...
The Central Bank of Nigeria (CBN) has begun distributing the newly redesigned Naira notes to banks in preparation for circulation from December 15, 2022. CBN Governor...
The House of Representatives has requested the sanction of the Central Bank of Nigeria (CBN) Nigerian National Petroleum Company (NNPC) Limited, and other ministries, departments, and...
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that the withdrawal policy announced recently could be adjusted after assessment. On Thursday,...
The former Chairman of Major Oil Marketers Association of Nigeria, Tunji Oyebanji, said on Thursday the Nigerian National Petroleum Company (NNPC) Limited has not taken possession...
Investors at the Nigerian capital market lost N30 billion after eight hours of trading on Thursday. This followed the crash in equity capitalization by -0.1 percent...
On Tuesday, 6 December 2022, the Central Bank of Nigeria (CBN) announced fresh cash withdrawal limits on individuals and organisations. The policy will become effective on...
About 700,00 barrels of crude oil are lost per day to oil theft in Nigeria, the Chief Upstream Investment Officer at the NNPC Upstream Investment Management...
Airtel Africa has emerged as the sole bidder for the 5G spectrum license, despite MTN Nigeria expressing interest in participating in the bidding round. The 5G...
The equity capitalization in the Nigerian capital market appreciated by 0.12 percent at the close of trading on Wednesday. The development pushed up the value of...
The International Air Transport Association (IATA) has ranked Nigeria top in the list of countries with blocked funds for airlines in the world. In a statement...
The current fuel scarcity in the aviation industry has began to affect operations, as Air Peace informed Nigerians that passengers will start experiencing flight delays. Air...
Nigeria recorded N16 trillion from crude oil sales between January and September 2022. The oil sales recorded by the Nigerian National Petroleum Company Limited is captured...
