The world’s richest person, Elon Musk, faces a court battle after he terminated his Twitter acquisition deal. Musk pulled out of the deal three months after...
South African-born billionaire businessman, Elon Musk, has terminated the $44 billion deal with Twitter. The Tesla founder confirmed the cancellation of the deal in a notice...
The Nigerian capital market investors lost N3.4billion following the dip in equity capitalization at the close of trading on Friday. After eight hours of trading, the...
First Bank Holdings shares fell by -3.19 percent after the Bureau of Public Enterprises (BPE) announced billionaire businessman Femi Otedola’s investment vehicle as one of the...
The Organisation of Petroleum Exporting Countries (OPEC’s) has nominated the Kuwaiti diplomat, Haitham Al-Ghais, as its next Secretary-General. He was initially expected to succeed Mohammed Barkindo,...
Shell Petroleum Development Company of Nigeria (SPDC) Limited on Friday threatened to leave the country over theft of crude oil and production challenges. The company’s Managing...
The Chief Executive Officer of ExxonMobil, Darren Woods, has called for an increment in Carbon price, to enable more investors come into the market, insinuating that...
Ardova Plc reported revenue grew 10.7% for year ended December 31, 2021, reflecting all is well with sales, but a closer look shows a rising financial...
For investors with Bank stocks in their portfolio, as the capital market enters into the second half (H2) of 2022, it’s important to know what went...
The Nigerian capital market rebounded from two consecutive losses on Thursday with the equity capitalisation rising by 0.01 percent at the close of the day’s business....
The management of Benin Electricity Distribution Company (BEDC) Plc has said there was no legal basis for the takeover of the company following the purported activation...
Flutterwave Payment Technology Limited has been accused by the Kenyan authority, Asset Recovery Agency (ARA), of using its company accounts for money laundering. The Nigerian startup,...
Group Chief Executive Officer of Oando Plc, Wale Tinubu, has said 20% of oil production is lost to oil theft, reflecting Nigerian government’s inability to prevent...
Price of Brent crude oil dropped to $99.78 amidst fears over global economic recession. The fall in crude oil price below $100 was the first in...
The Nigeria stock market fell marginally to N27.79 trillion at the close of trading on Wednesday. The figure was -0.05 percent or N16.1 billion lower than...
The Federal Government plans to raise N720 billion from the bond market in the third quarter of this year, a move that is expected to increase...
American company, Citigroup, has released a crude oil forecast that contradicts that of Goldman Sachs, with the former stating that the commodity will fall to $65...
African country, Zimbabwe, is to start selling its gold coins called “Mosi-oa-tunya” from July 25, after the value of the nation’s paper currency was eroded by...
The equity capitalisation in the Nigerian capital market depreciated by -0.39 percent as sell-off among stockholders led to a loss of N110.4 billion at the close...
Members of the Central Bank of Nigeria, (CBN) Monetary Policy Committee, (MPC) have expressed concern over the increasing Eurobonds component in Nigeria’s external debt structure. They...
National Youth Service Corps (NYSC) members involved in agriculture, bakery, fashion and other small business ventures in Nigeria have received N10 million grant from Unity Bank....
African Alliance Insurance Plc and C&I Leasing have given reasons for the late filing of their financial statements for 2021 full year and first quarter (Q1)...
The European Union (EU) has revealed its commitment to financially support the agricultural sector in Nigeria, assisting the African country to diversify its economy away from...
Investors in the Nigerian capital market on Monday lost N20.60 billion following the dip in equity capitalization by -0.07 percent at the close of the day’s...
Nigerian banks’ total assets rose by N11.15 trillion in one year to N64.32tn as of the end of April. This is according to figures obtained from...
The National Pension Commission (PenCom) has disclosed that over 2,084 retirees cannot be placed on monthly pension payments and have left the Contributory Pension Scheme in...
This week, Niger Insurance, Honeywell Flour and Okomu Oil made the list of stocks to watch, as two of the listed firms were penalised by Nigeria’s...
The Central Bank of Nigeria (CBN) and four other agencies have come under criticism of the House of Representatives following their failure to recover debts owed...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Investors in the Nigerian capital market traded 1.348 billion shares worth N24.487 billion in 22,155 deals this week. This surpassed 1.121 billion shares valued at N13.703...
The Lekki Deep Seaport in Lagos has welcomed its first cargo vessel, a marine vessel ‘Zhen Hua 28’ from Shanghai, China. This came just as the...
Nigeria’s foreign reserve increased by $674.4 million last month, the Central Bank of Nigeria has revealed. The latest figure extracted by Ripples Nigeria from the CBN’s...
Guinness Nigeria has appointed Dayalan Nayager as a Non-Executive Director and Vice Chairman of the company’s board of directors following the retirement of John O’Keeffe. O’Keeffe...
The Nigerian Exchange Regulation Limited (NGX RegCo) has suspended trading on nine companies listed in the stock market, a move that will negatively impact the investment...
House owners complain about how people do not value their property, but what they fail to do is assess the real problem(s). To be realistic, if...
The Nigerian capital market’s shareholders’ investment rose to N27.9 trillion after eight hours of trading on Friday. The figure was 0.02 percent or N6.55 billion higher...
The United States Department of Justice has issued a $100,000 reward in a bid to arrest one of the ten most wanted fugitives in the country,...
Oil price is expected to reach $200 after a group of rich nations under the aegis of the G7 announces a plan to cap the price...
Caverton Offshore Support Group has made changes to the leadership of Caverton Helicopters Limited after losing its contract with oil and gas company, Chevron, to rival,...
Dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have denied being paid N74 billion by the Federal Government as bridging claims...
Nigerian capital market shareholders went home with N7.33 billion following the rise in equity capitalization by 0.02 percent on Thursday. The development pushed up the equity...
Four companies in the stock market have been fined by the Nigerian Exchange Limited (NGX) for their failure to release their financial statements in line with...
The Federal Government has announced that it has reviewed its taxes on tobacco products in the country. In a message posted on its Social media accounts...
It’s been two years since the oil industry experienced a meltdown in their earnings, with oil price falling to as low as $20 due to Coronavirus outbreak and...
The Central Bank of Nigeria (CBN) has issued guidelines for improved cyber security in Nigerian financial sector, especially among the Other Financial Institutions (OFIs). The circular...
Despite the need for more income, many Nigerian owners of publicly traded firms have elected to forego dividend payments as a hedge against growing inflation. Although...
The National Oil Spill Detection and Response Agency (NOSDRA) has revealed that in 10 years Nigeria flared natural gas worth over $13.3bn (N4 trillion). The figure...
The wealth of Russia’s former Deputy Prime Minister and businessman, Vladimir Potanin, has grown significantly within the last four months, since Vladimir Putin invaded Ukraine on...
The House of Representatives has revealed its plan to investigate subsidy payments, accusing the Nigerian National Petroleum Corporation (NNPC) of padding the cost of subsidy. During...
Amid scarcity, the Federal government has revealed that petrol marketers in the country in seven months received N74 billion subsidy payment. Nigerian Midstream and Downstream Petroleum...
