The value of the dollar fell in the investors’ and exporters’ window on Tuesday, as the naira appreciated against the United States currency by 1.78%. According...
The value of investments in the Nigerian capital market rose by 0.16 percent at the close of trading on Tuesday. This represented a N51.8 billion growth...
Despite losing his position as Africa’s richest person due to the naira devaluation, the chairman of the Dangote Group, Aliko Dangote, has praised the policies of...
Airtel Africa has said the devaluation of the naira will affect the revenue of the company in 2023, a statement released by the network provider on...
The Federal Government, on Monday, disclosed that six new companies have been given permission to import petroleum products into Nigeria as of Monday. Managing director of...
The equity capitalization in the Nigerian capital market rose by 0.02 percent at the close of trading on Monday. This represented a N10 billion growth in...
Small and Medium Scale Enterprises (SMEs) can now quickly access from N5 million to N100 million to purchase equipment needed to grow and expand their businesses,...
The Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has informed African Union leaders that he will not invest in their countries if they...
The Central Bank of Nigeria (CBN) has increased the withdrawal limit on domiciliary accounts, as the apex bank continues to reform the foreign exchange policies. CBN...
The Nigerian stock market resumes another five days of trading after last week’s Democracy Day celebration reduced the trading days to four. This week, Seplat, Honeywell...
The Nigerian stock market opened for four trading days in the just concluded week due to the public holiday declared by the Federal Government on June 12, 2023,...
Aliko Dangote is no longer the richest man in Africa, as South African billionaire, Johann Rupert, displaces him as number one on Africa’s richest list. According...
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 value of investments in the Nigerian capital market crashed by -0.32 percent due to sell-offs at the close of trading on Friday. This represented a...
Nigerian billionaire, Abdulsamad Rabiu, has lost his position on Africa’s richest list to Egyptian billionaires, Nassef Sawiris and Naguib Sawiris, following the naira devaluation by the...
The naira devaluation by the Central Bank of Nigeria (CBN) has reduced the wealth of Africa’s richest man, Aliko Dangote and his countryman, Abdulsamad Rabiu, by...
Nigerian bourse depreciated in value by 1.31 per cent to N32.23 trillion market capitalisation on Thursday. The decline wiped off N430.10 billion from the stock market’s...
The National Bureau of Statistics (NBS) on Thursday revealed that the nation’s inflation rate had risen to 22.41 per cent in the month of May. This...
The Central Bank of Nigeria (CBN) has announced plansto end the RT200 FX Programme and the Naira4Dollar scheme by the end of June 2023. Ripples Nigeria...
The Central Bank of Nigeria (CBN) has devalued the naira in the official market with authorised dealers expected to sell the dollar at N664.04/$1 after the...
The Nigerian capital market hit its highest peak since March 3, 2008, following the rise in equity capitalization by 3.13 percent at the close of trading...
In recent years, Nigeria’s real estate market has witnessed a significant surge in the demand for flats and apartments. This trend can be attributed to various...
The President of Kenya, William Ruto, has spoken against the use of the United States Dollar (USD) during trade between African countries. Ruto said traders from...
The value of investments in the Nigerian capital market appreciated by 3.99 percent following high demand for banks’ and others’ shares on Tuesday. This represented a...
Nigeria has reclaimed the first position as Africa’s largest crude oil producer by overtaking Angola. This is according to data released by the Organization of Petroleum...
The Federal Government has restored the work permit and other necessary documents of the Chief Executive Officer of Seplat Energy, Roger Brown. Ripples Nigeria previously reported...
Godwin Emefiele has been accused by George Uboh, the Chairman of the George Uboh Whistleblowers Network, of detaining him for 101 days in 2019. Uboh claimed...
A new circular from the Nigerian National Petroleum Company Limited (NNPCL) has specified the prices oil merchants will pay for petroleum goods. The Federal Government had...
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has commended the Nigerian government for accepting the Fisheries Subsidies agreement. Nigeria submitted its acceptance to...
Air Peace’s Chief Operating Officer, Toyin Olajide, has described the comments made against the firm by the former Aviation Minister, Hadi Sirika, as spurious. On Monday,...
Going into the Nigerian stock market this week, note that Eterna, BUA Cement and Nigerian banks are the stocks to watch. This week, the stock market...
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...
Investors traded 2.196 billion shares valued at N45.9 billion in 31,655 deals this week. This indicates the capital market underperformed this week when compared to the...
The operations of Binance Nigeria Limited, a subsidiary of the cryptocurrency exchange, Binance, have been declared illegal by the Securities and Exchange Commission (SEC). In a...
The Department of State Security (DSS) has arrested the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, The PM News reports. He was arrested...
Investors in Conoil, Sovereign Insurance, and other entities in the Nigerian capital market lost N13.94 billion at the close of trading on Friday. This followed the...
The Chairman of the Association of Licensed Telecoms Companies of Nigeria (ALTON), Gbenga Adebayo, said the network providers have sent Unstructured Supplementary Service Data (USSD) withdrawal...
A former aviation minister, Isa Yuguda, has disclosed that Richard Branson, the founder of British multinational venture capital conglomerate, Virgin Group, was chased out of Nigeria...
The equity capitalization in the Nigerian capital market dropped by N37 billion at the close of trading on Thursday. Consequently, the value of investments at the...
The National Bureau of Statistics (NBS) has revealed in its ‘Tax-to-GDP Ratio Revised Computation (2010-2021)’ report that Nigeria’s tax revenue to gross domestic product (GDP) is...
The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have revealed that both agencies will establish a Joint Audit or Investigation Team...
The Nigerian National Petroleum Company (NNPCL) has stated that it will reduce its imports of Premium Motor Spirit, more commonly known as petrol, once the Dangote...
The equity capitalization in the Nigerian capital market crashed by -0.02 percent at the close of trading on Wednesday. This represented a N7.8 billion dip in...
Tingo Group, a Nigerian fintech company, and the All Farmers Association of Nigeria (AFAN) has put a lie to allegations made against the firm by Hindenburg...
Car-hailing drivers in Nigeria under the umbrella of the Amalgamated Union Of App-Based Transport Workers Of Nigeria (AUATWON), have demanded Uber and Bolt reduce their commissions....
U.S. investment research firm, Hindenburg Research, has alleged that Tingo Group, a fintech company owned by Dozy Mmobuosi, is a scam. In a report released on...
The equity capitalization in the Nigerian capital market rose by 0.41 percent at the close of trading on Tuesday. This represented a N126.38 billion growth in...
Companies operating in the Nigerian oil and gas sector have dominated trading activities in the capital market in the last week as investors mop up oil...
BUA Cement, owned largely by the billionaire, Rabiu Abdulsamad, has obtained a $500 million loan from international creditors, the company disclosed in a corporate filing obtained...
In the first quarter of 2023, Nigeria recorded N6.49 trillion in export trade, which is an 8.7% decline year-on-year when compared to N7.1 trillion in Q1...