The new owners of Polaris Bank Limited, Strategic Capital Investment Limited (SCIL), on Friday announced a new management team for the lender. SCIL completed the acquisition...
On Thursday, the Central Bank of Nigeria (CBN) disclosed that Polaris Bank had been sold to Strategic Capital Investment Ltd. (SCIL) after being under government’s control...
The relationship between Nigeria and Ethiopia on the Nigerian Air project has been questioned by the House of Representatives Committee on Aviation, on Thursday. The lawmakers...
The Central bank of Nigeria (CBN) has explained the reason there’s a N1.15 trillion difference in the initial amount paid by Strategic Capital Investment Limited (SCIL)...
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) on Thursday confirmed the sales of Polaris Bank. This followed the completion...
The Nigerian stock exchange halted this week’s losses with a 0.03 percent rise in equity capitalization at the close of trading on Thursday. The development lifted...
The chairman of the House of Representatives’ ad-hoc committee investigating the sale of Polaris Bank, Henry Nwabuba, revealed on Wednesday, that 35 companies offered bids to...
The African Development Bank (AfDB) has signed a $50 million Line of Credit Agreement with Nigeria’s First City Monument Bank (FCMB) to support access to finance...
The Federal Govenment might have triggered a showdown with the telecommunications sector after ordering the reversal of the implementation of the newly approved 10% hike in...
Acquisition talks between network providers, MTN Group and Telkom, have broken down, as both companies disagreed on the way forward pertaining to the deal. MTN Group...
Almost 1,000 employees working with Microsoft have lost their jobs after the technology company’s revenue failed to meet or surpass analysts’ turnover projection. Microsoft sacked the...
Ardova Plc has distanced itself from the litigation involving Zenon Petroleum and Gas Limited and Ignite Investment Limited over the acquisition of its forebears, Forte Oil....
Investors at the Nigerian capital market lost a whopping N570.91 billion following the crash in equity capitalization by -2.31 percent at the close of trading on...
Billionaire businessman, Femi Otedola, is on course to return to the oil industry after his company, Zenon Petroleum and Gas Limited won a $19.2 million judgment...
BUA Group has informed Kogi State Government to go ahead with the revocation of land offered to Abdulsamad Rabiu’s company in 2012. Rabiu’s company had taken...
Cement giant Lafarge has pleaded guilty to paying millions of dollars to the so-called Islamic State jihadist group. The company pleaded guilty when charges were announced...
The Federal Government stated on Tuesday that the best actions to significantly reduce external borrowing and lower Nigeria’s huge debt burden remained the collection of additional...
Business magnate and President of Dangote Group, Aliko Dangote has advocated for jail terms for dealers in foreign textile materials in order to discourage imports and...
The leadership of the House of Representatives on Monday intervened in the ongoing dispute between Nigeria and foreign airlines over the controversial “trapped funds” belonging to...
The sell-off persisted in the Nigerian capital market on Tuesday with investors losing N544.46 billion in investment at the close of the day’s trading. After eight...
Nigeria’s three refineries in one year handed out to staff N4.93 billion in personal and car loans without interest in two years. Details of the loans...
The Ghanaian currency, Cedi, has become the worst performing currency in the world. According to Bloomberg reports the cedi fell to as much as 3.3 per...
Miri Strategic Emerging Markets Fund LP, a substantial shareholder of Nigerian Exchange Group (NGX Group), visited the exchange floor of the Nigerian stock market to offload...
After Twitter suspended his account, United States’ rapper, Kanye West, has moved to acquire another social media platform, Parler, founded by John Matze. Parler is popular...
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, on Monday, blamed the Central Bank of Nigeria (CBN) for the...
The value of investments in the Nigerian capital market crashed by -2.52 percent at the close of trading on Monday. The equity capitalization dipped by N655.29...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate surged to 20.77% in September 2022 , the highest rate since September 2005....
Moody’s Investors Service, one of the leading credit rating agencies, has announced that it has placed on review for downgrading the long-term deposit ratings, as well...
U.S. tech giant, Uber Technologies Inc, will start delivering marijuana, after the Canadian Government lifted the ban on cannabis. The firm signed an agreement with marijuana...
The stocks to watch this week are Geregu Power, Dangote Cement and Guaranty Trust Holding Company (GTCO). Ripples Nigeria stocks watchlist is a selection of stocks...
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 former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido, on Saturday demanded the disbandment of the Nigerian National Petroleum Company Limited (NNPC). Sanusi...
The Nigerian National Petroleum Company Limited (NNPCL) spent over N13 billion on entertainment for its staff in two years. This is according to the analysis of...
The value of stocks in the Nigerian capital market rose by 0.09 percent at the close of trading on Friday. This means the equity capitalization rose...
World Bank President, David Malpass, has disclosed that Nigeria hasn’t requested for debt restructuring after reports suggesting the government was weighing the opinion. Ripples Nigeria had...
On Wednesday, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) expressed excitement as it revealed that the 650,000 barrels per day Dangote refinery is 97...
The United States Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC) are investigating Elon Musk over the Twitter acquisition deal. US federal authorities...
The Nigerian capital market dipped by -0.01 percent at the close of trading on Thursday. This means the equity capitalization crashed by N4.05 billion from N25.889...
Reactions have trailed the decision of UK money transfer company, Wise, to remove Nigeria from its payment routes due to reliability issue on foreign exchange. In...
Seven Nigerian companies, and individuals have been banned by the World bank from getting its contracts over corrupt practices. The World Bank disclosed that it sanctioned...
The National Bureau of Statistics (NBS) says the oil and gas industry was one of the top credit allocations for private sector businesses in 2021 in...
The Federal Government has described as outright falsehood reports on the planned privatisation of the Transmission Company of Nigeria (TCN). In a statement issued on Wednesday,...
The total investment in the Nigerian capital market dropped by -0.07 percent at the close of business on Wednesday. This followed the crash in the equity...
The world’s richest man, Elon Musk, has increased his investment portfolio by venturing into a fragrance business. The South Africa-born billionaire is currently into car manufacturing,...
The National Bureau of Statistics (NBS) has revealed that commercial banks in Nigeria recorded salaries and employee expenses of over N602 billion in the 12 months...
The Central Bank of Nigeria (CBN) has been ordered by the House of Representatives to immediately halt the sale of Polaris Bank Plc. The House ruled,...
The Dangote Group has insisted that its acquisition of the Obajana cement factory situated in Kogi State followed due process. Following its current impasse with the...
The federal government has budgeted N230.9 billion for 14 Nigerian federal universities in the 2023 budget, with University of Nigeria Nsukka (UNN) receiving the highest allocation....
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projection for 2022 to 3.2 percent. The organisation made this known in its World Economic Outlook...
Investors at the Nigerian capital market pocketed N116.8 billion after resumption from the Eid-el-Mawlid holiday on Tuesday. This followed the rise in market capitalization by 0.45...
