The Association of Bureaux De Change Operators of Nigeria (ABCON) on Tuesday charged the Central Bank of Nigeria (CBN) to introduce measures that would counter the...
Another week of trading starts today, with over 100 companies jostling for the attention of investors at the Nigerian Stock Exchange, while trying to hold on...
The Central Bank of Nigeria (CBN) has revealed that the Federal Government recorded a N485.51 billion fiscal deficit in January. This was revealed in its monthly...
China seems to be shifting ground on the use of bitcoin and cryptocurrency as the deputy governor of the People’s Bank of China, Li Bo, said...
The depreciation of Nigeria’s Naira has increased the nation’s external debt service in January by about N34.3 billion. According to the monthly economic report for January...
Currency in circulation continues to drop amid rising inflation in Nigeria, as the Central Bank of Nigeria (CBN) recorded a decline between January and February. January...
Nigerians are now expected to pay more for petrol after the Federal Government resolved to end fuel subsidy in a bid to secure the World Bank’s...
MTN Nigeria, Airtel and other telecommunications companies in Nigeria on Sunday accused commercial banks in the country of charging their customers for Unstructured Supplementary Service Data...
In a bid to get the World Bank approval for the $3.4 billion loan request, the Federal Government has declared its intention to end payment of...
Turkey threw a spanner in the works of bitcoin following weeks of bullish run by the most popular cryptocurrency – the surge came to an end...
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 mainstream...
The Nigeria Interbank Settlement System (NIBSS) has revealed that the value of transactions via digital platforms in Nigeria in first quarter of 2021 increased by 12.55%...
Last week closed with Naira weaker against the U.S dollar at the Investors and Exporters (I&E) forex window, the official currency market. Naira closed on Friday...
Uber and Bolt e-cab drivers in Lagos on Saturday, asked the e-hailing companies to immediately increase fares being charged by the operators, failing which they would...
Unilever Plc recorded loss in operation during the first quarter of 2021 despite revenue rising within January and March this year. The loss was also reported...
It was mixed fortunes for Nigerian states, as 18 states out of 36 including federal capital territory recorded negative Internal Generated Revenue (IGR) in 2020. This...
The Nigerian stock market ended business on Friday with the equity capitalization standing at N20.31 trillion. The All-Share Index increased by 0.61 percent to settle at...
While no country has escaped the ravages of the recent economic crisis, the impact has been keenly felt in Nigeria. GDP has dropped by more than...
Data released by the World Trade Organisation (WTO) on Friday, has shown that Nigeria was the number one importer of commercial services in Africa, in 2020....
For many Nigerian households, the relentless rise in food prices has meant constantly having to make tough decisions monthly, Skip meals or rationalize. This feeding burden...
Tech consultant and investor, Victor Asemota, has defended bitcoin and cryptocurrency against claims made by Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) are in talks over cryptocurrency market in the country. The apex bank had...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, on Thursday countered the statement credited to the Minister of Finance, Budget and National Planning, Zainab...
On Wednesday, Nigerian currrency, Naira appreciated to the dollar by 0.12 percent closing at the Investors and Exporters (I&E) where forex is traded officially. According to...
For Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) and those that still doubt the credibility of bitcoin and other cryptocurrencies, Coinbase initial...
The Nigerian National Petroleum Corporation has disclosed that the consumption of Premium Motor Spirit (PMS), across Nigeria reduced by about 814 million litres within one month....
Egypt is demanding $900 million in compensation after the blockade of the Suez Canal in March, and the container ship that caused it has been seized...
Nigeria’s inflation rate rose to 18.17% in March 2021, from 17.33% recorded in the previous month. This represents the highest inflation rate recorded in four years(49...
Persianas, the owners of Palms Shopping Mall, have reportedly acquired Shoprite as the South African company continues the process to leave Nigeria. There have been talks...
The consumption expenditure of companies dropped in 2020, the National Bureau of Statistics (NBS) said on Wednesday. In a new report titled: “Gross Domestic Product: Expenditure...
The cost of preparing meals either with kerosene or cooking gas in Nigerian household increased in March, the National Bureau of Statistics (NBS) has said. In...
The National Bureau of Statistics has revealed that Lagos residents paid the highest price for Premium Motor Spirit (petrol) for March. In its report on price...
Dangote’s Group Executive Director, Strategy, Portfolio Development & Capital Projects, Devakumar Edwin, has expressed surprise that its cement products are sold at an higher price in...
The Department of Petroleum Resources has revealed that BUA group received a license renewal with 27 other investors. The agency had posted the names of the...
Cryptocurrency, Bitcoin is on a bullish run as government policies against it across the world, including Nigeria, seem unable to stop the digital asset from surpassing...
The exchange rate between Naira and the US Dollar closed at N411/1$ in the Importers and Exporters window, where forex is traded officially. According to data...
Due to economic challenges occasioned by the COVID-19 pandemic, Nigeria’s household consumption dropped by N1.6 trillion last year. The National Bureau of Statistics (NBS), which disclosed...
Stakeholders in the Africa Continental Free Trade Area (AfCFTA) have called for private sector participation and creation of compatible trade policies to ensure successful implementation of...
A fresh report of the United Nations regarding food wastage has revealed that food wastage in Nigeria per citizen is the highest in Africa. According to...
The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria. Mr Paul Osu, Head, Public Affairs, DPR, made...
Financial institutions have been issued a new directive by the Central Bank of Nigeria (CBN) as the apex bank extends its clampdown on bad debtors beyond...
Nigeria is to benefit from oil-rich Qatar, as the Arab country plans to invest $5 billion into Africa’s largest economy. The investment decision was made following...
The Naira appreciated by N3 against the US Dollar at the black market of the foreign exchange (forex) market on Monday, to close at N482. This...
The capital market’s share value declined by 0.40 percent on Monday as investors undervalued stocks pushed the All Share Index to 38,712.55. This was below the...
The Chief Executive Officer of Guaranty Trust Bank (GTBank), Olusegun Agbaje, is to earn over N124.8 million for the twelve months period of last year financial...
On this week’s Ripples Nigeria Stocks Watchlist, five companies were selected; MTN Nigeria, Dangote Sugar, BUA Cement, Japaul Gold and Guinness. These companies were selected based...
As bitcoin continues to struggle to remain above $60,000, retail, institutional and high networth Investors are edging it on with their activities in the cryptocurrency market....
The total value of pension assets in the country dropped by N51.30 billion in February, the National Pension Commission (PENCOM) has said. In a figure obtained...
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 mainstream...
Naira closed the week stronger to the dollar after four days of trading at the I&E window of the foreign exchange market. Naira had opened the...