Nigeria’s oil rig count has decreased by 38 percent to 80 in the first 11 months of 2021, from 129, recorded in the corresponding period of...
This week’s stocks watchlist consist of two Nigerian banks, First Bank Nigeria (FBN) Holdings and Guaranty Trust Holding Company. Also on the list are telecommunications companies,...
Despite billions spent and promises of stable power supply from the present administration, the National Bureau of Statistics (NBS) has revealed almost half of Nigeria’s electricity...
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...
The Central Bank of Nigeria (CBN) has accepted Alhaji Ahmad Abdullahi’s appointment as Chairman and non-executive Director of First Bank Holding Plc. This comes after Mr....
A former Minister of State for Finance, Remi Babalola, has resigned as chairman, board of directors of First Bank Holdings. He resigned from the position just...
Trading activities in the Nigerian capital market closed on a negative note on Thursday amidst sell-offs and buy-interests. Data obtained from Nigeria Exchange Group (NGX) showed...
The Federal Executive Council (FEC) has approved the Nigerian startup bill drafted by the tech industry. The bill proposes the government creates the Startup Investment Seed...
The Nigerian capital market recovered from the previous day’s loss to post a 0.09 percent rise in equity capitalization at the close of trading on Wednesday....
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation for the eight consecutive months has dropped and now stands at 15.40% in November from...
Chaka Technologies, a tech-enabled investment exchange, will be refunding subscribers to the MTN Group primary share offer, following an oversubscription within two weeks. Ripples Nigeria had...
Nigeria has emerged the fastest-growing hub on the continent in terms of capital investments despite its security challenges. This is according to a recent report by...
Bitcoin could become worthless, the Bank of England has warned amid declining rate of the cryptocurrency which has seen BTC value drop by 30.07 percent since...
In what it said was part of its efforts to stop Nigeria’s heavy reliance on importation to meet demand, the Central Bank of Nigeria (CBN) has...
The Nigerian stock market slipped back into the negative territory on Tuesday following the crash in equity capitalization by 0.22 percent at the close of the...
The Nigerian National Petroleum Company (NNPC) on Tuesday detailed its plans to ensure a reduction in the prices of cooking gas amidst concerns by the populace...
The United Arab Emirates (UAE) has shifted ground following a tit for tat situation with the Nigerian government over air travel slots allocated to Nigerian airline,...
Shareholders of MTN Nigeria, including the telecommunications company’s Chief Executive Officer, Karl Toriola, made a whooping N250.36 billion as its stock offer comes to an end...
Nigeria regained its position as Africa’s leading oil producer after losing it to Libya in October. According to the most recent data from the Organization of...
The Central Bank of Nigeria (CBN) has provided details of how much the federal government spent and received in the month of August in its latest...
The Federal Government has suggested additional taxes, tariffs, and levies to be introduced in 2022 in order to boost revenue. Zainab Ahmed, Minister of Finance, Budget,...
Airtel Networks Limited, the Nigerian subsidiary of Bharti Airtel, lost out of the 5G network race in Nigeria, with MTN Nigeria and Mafab Communications Limited securing...
Investors at the Nigerian capital market pocketed N275.5 billion as the bourse continued its resurgence on Monday. This followed the rise in equity capitalization by 1.26...
Bitcoin hodlers [holders] are heading into Christmas period with a loss as investment support from El Salvador, Michael Saylor and other whales failed to patch the...
The International Monetary Fund (IMF) said regulation of cryptocurrency activities shouldn’t hinder the “plenty” “potential” that crypto assets offers the financial industry. In the past months,...
As you begin the week searching for stocks to add to your investment portfolio, Ripples Nigeria stocks to watch list presents you with four Nigerian banks...
The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of N141.96 billion in the month of June 2021. This is a significant growth...
Soon after breaking into the Electric Vehicles (EVs) space, Jet Systems Limited, assemblers of Jet brand of vehicles in Nigeria, on December 1, joined the ivy...
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 traded 2.630 billion shares worth N26.90 billion in 20,848 deals on the floor of the Nigerian capital market this week. This surpassed the 1.278 billion...
Nigeria’s five biggest banks, First Bank, United Bank for Africa (UBA) Plc, Guaranty Trust Holding Company, Access Bank, and Zenith Bank ended the week on a...
All Progressives Congress (APC) said on Saturday the newly-inaugurated leadership of the Peoples Democratic Party (PDP) is not different from Prince Uche Secondus-led National Working Committee...
Friday’s trading ended with the Nigerian bourse rising by 0.47 percent, to add N103.18 billion to shareholders’ total investment in the capital market. This lifts the...
Billionaire, Femi Otedola, has reportedly increased his stake at First Bank Nigeria (FBN) Holdings, putting an end to his ownership tussle with Tunde Hassan-Odukale, amid high...
The International Monetary Fund has expressed concern that cryptocurrencies would become a major currency in Nigeria and other developing countries. It also added that the currency...
Nigerian banks have posted a gross earning of N3.06 trillion in the first nine months of 2021, according to data collated from the third-quarter earnings of...
Sell off among shareholders on Thursday cost the capital market N391.31 billion, depleting the bouse value by 1.76 percent. The gain reported on Wednesday was wiped...
META the parent company of Facebook and Instagram has announced that Nigerians from January will be charged 7.5 percent value-added tax for using Facebook and Instagram...
The inability of Kann Consortium to service its debt owed to United Bank of Africa (UBA) has led the creditor to takeover Abuja Electricity Distribution Company...
Ten Nigerian banks reported an increase in customers deposits to N28.7 trillion in the first nine months of 2021. The amount was a 12.6 percent increase...
No fewer than 110 million bank accounts could become inaccessible with the passage of the finance Bill 2021 sent to the National Assembly by President Muhammadu...
In ten months, the telecommunications industry lost 14 million internet subscribers, and the Minister of Communications, Isa Pantami, has attributed this to criminal activities. The Nigerian...
An Approval-in-Principle for a standalone license for Sterling Bank’s non-interest banking business, the proposed Alternative Bank Limited, has put a break to its investors one month-long...
The Aiteo Eastern Exploration and Production Company on Wednesday shut down the leaking well at Oil Mining Lease (OML) in Nembe swamps in Bayelsa. The shutdown...
A Bitcoin whale has parted with $137 million to increase the digital asset’s holdings. A whale is an individual or entity with large amount of Bitcoin....
Investors at the Nigerian capital market gained N217.19 billion on Wednesday as the bourse continued its resurgence after a difficult few days. This followed the rise...
Ecobank Transnational Incorporated (ETI) has recorded an impressive first nine months of 2021 as its profit grew to the highest level in eight years. According to...
Craig Wright, the self-proclaimed founder of bitcoin, has won a court case which makes him the 26th richest person in the world, and supposedly confirms his...
Banks and Insurance firms in Nigeria are expected to collect over N22.6 billion from Ministries, Departments, and Agencies of the Federal Government in 2022. This is...
Nigerian bourse ended its losing streak on Tuesday, following a slight 0.02 percent increase in trading. This saw the market capitalisation rise to N21.925 trillion, from...
