Twitter Chief Executive Officer, Elon Musk, has criticised the founder of Futures Exchange (FTX) and Alameada Reasearch, Sam Bankman-Fried, amid allegation of misusing customers’ funds and...
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...
One of the world’s biggest cryptocurrency exchanges, Futures Exchange (FTX), has filed for bankruptcy, as the wealth of the founder, Sam Bankman-Fried, crashed to zero. FTX...
The equity capitalization in the Nigerian capital market went up slightly by 0.05 percent on Friday. The market capitalization rose by N14.12 billion from N23.93 trillion...
The microblogging site, Twitter, has suspended its newly introduced $8 subscription based verification. The social media network disclosed this in a statement on Friday after some...
Days after announcing that his company, Binance, was planning to acquire cryptocurrency exchange, FTX.com, Zhao Changpeng, has pulled out of the deal. Ripples Nigeria had reported...
Investors in the Nigerian capital market went home with N253.45 billion following the growth in equity capitalization by 1.07 percent on Thursday. Market data showed that...
The dollar sold for N850 in the black market on Thursday. A Bureau De Change operator in the Ogba, area of Lagos State told Ripples Nigeria...
The Group Managing Director of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, is opposed to the current price of Premium Motor Spirit (PMS) also known...
The Asset Management Corporation of Nigeria (AMCON) has moves to prevent debtors from securing future government contract, as it recovers N307 billion from government debtors between...
Stanbic IBTC has denied acting against a court order in its faceoff with Ascon Oil Company Limited over an indebtedness of N2,465,914,688 and $59,260.94. A group...
Access Bank Group Managing Director/Chief Executive Officer, Herbert Wigwe, has acquired new shares in the financial institution to expand his control over the company. In the...
The equity capitalization in the Nigerian capital market capitalization rose by a mere N8.64 billion at the close of trading on Wednesday. This followed the increase...
The Naira and dollar exchange rate dropped by N100 in the black market on Wednesday, indicating that the Nigerian currency was appreciating in value against the...
Facebook’s parent company, Meta, has sacked 11,000 staff in a significant cull in the organization’s history. The Meta boss, Mark Zuckerberg, confirmed the development in a...
For the first time since July 2022, the daily crude oil production output of Nigeria rose above one million barrels per day (bpd) in October, the...
Elon Musk’s net-worth has fallen below the $200 billion mark after selling part of his shares owned in electric vehicle manufacturer, Tesla. The wealth of the...
Zhao Changpeng, the founder of the world’s largest cryptocurrency company, Binance, has agreed to acquire another cryptoexchange, FTX. The deal between Binance and FTX was disclosed...
The Nigerian capital market tumbled on Tuesday following the dip in the share price by -1.82 percent at the close of the day’s trading. Consequently, the...
Individuals and traders are still buying dollars at a premium rate in the black market, and this will continue to fuel inflation for goods that the...
New Twitter owner, Elon Musk is considering suing activist groups after they compelled advertisers to cancel the advertisement budget for the social media company in protest...
For taxable supplies made to them, Deposit Money Banks (DMBs), MTN and Airtel will withhold the 7.5 per cent Value Added Tax (VAT) on behalf of...
“All-time highs”, that is the current user growth of Twitter since Elon Musk officially took over the reigns at the social media company after splashing $44...
Twitter has reportedly reached out to some staff to return to their positions days after they were laid off by the new owners of the microblogging...
The Nigerian capital market traded flat on Monday with the equity capitalization closing at N24.11 trillion at the close of the day’s business. The bourse held...
Meta co-founder and Chief Executive Officer, Mark Zuckerberg, is reportedly taking the same path with Twitter’s Elon Musk by sacking workers to save his firm’s earnings....
The Labour Party presidential candidate, Peter Obi, has disagreed with persons that believe the Nigerian economy was not diversified. Obi, who spoke at a presidential town...
The Labour Party presidential candidate, Peter Obi, has identified an unbalanced budget as the cause of Nigeria’s economic crisis. Obi, who spoke at a presidential town...
MTN Nigeria has announced that its services would be unavailable to subscribers on Tuesday. The network provider said in an SMS to subscribers on Sunday that...
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...
On the trading floor of the Nigerian stock market this week, 1.410 billion shares exchanged investors’ hands in 19,025 deals valued at N15.510 billion. The volume...
Elon Musk has stated that Twitter losing $4 million per day led to the sack of some workers at the company, following his $44 billion acquisition....
A leading logistics firm, GIG Logistics, on Friday, hosted an online conversation and shared tips on how small business owners can break into international markets. The...
Investors in the Nigerian capital market pocketed N17.69 billion at the close of trading on Friday. This followed the rise in market capitalization by 0.07 percent...
In an effort to stop the ongoing vandalism of the assets, the Federal Government conducted a workshop on Thursday to set up a framework for the...
Nigeria’s vast non-oil endowment must be urgently leveraged to diversify and expand its revenue base, reduce the dependence on crude oil for foreign exchange earnings, and...
Oando Plc has obtained a court order for extension to develop and submit Scheme of Arrangement Document for the purchase of minority stake from shareholders. Oando’s...
Residents and businesses in the United Kingdom have been told to brace for a rise in cost of living, as the Bank of England (BoE) expects...
The Nigerian capital market dipped by -0.10 percent at the close of trading on Thursday. The development pushed down the equity capitalization by N25.2 billion from...
Emirates Airlines has suspended flight operations into Nigeria over blocked funds. In a statement issued on Thursday, the airlines said the decision took effect from October...
Access Bank has informed its customers that applications to obtain dollars for school fees abroad, maintenance/upkeep requests will now be determined by availability of the foreign...
The equity capitalization at the Nigerian capital market rose by 1.22 percent at the close of trading on Wednesday. The development pushed up the equity capitalization...
Bureau De Change operators supplied the dollars at various rates in the black market on Wednesday. To the surprise of many who stormed the black market...
Stanbic IBTC financial statements for the nine months period of 2022 showed that the lender grew its revenue by 41 per cent, with its profit after...
Coca-Cola, Amazon, Apple, amongst other Fortune 500 corporations have been urged to boycott Twitter ads after Elon Musk’s acquisition of the social networking site. Over 40...
The Nigerian capital market ended trading on Tuesday with N23.82 trillion equity capitalization. The All-Share Index also closed at 43,745.73 after eight hours of trading on...
Preline Limited has completed the mandatory takeover of 1,300,000 ordinary shares from other shareholders in Eterna Plc. Eterna Plc confirmed the development obtained by Ripples Nigeria...
Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc has announced a profit before tax (PBT) of N36.27 billion for the nine months ended September 30, 2022....
The Bureau of Public Enterprises (BPE) has explained the reason for the non-payment of severance packages for former staff of the Skypower Aviation Handling Company Limited...
International Breweries said foreign exchange illiquidity and other factors affected the business of the firm, after suffering N3.14 billion net loss in Q3 2022. The brewer...
