The equity capitalization in the Nigerian capital market rose by 1 percent at the close of trading on Thursday. This represented a N271.4 billion rise in...
Airtel Africa’s earnings in Nigeria slowed in the nine-month period that ended on December 31, 2022. The network provider also recorded slow growth in other African...
Dangote Industries Limited (DIL) and China Sinoma International Engineering have signed an agreement to build a cement plant in Itori, Ogun State. According to a statement...
Geregu Power Plc has reiterated its plan to acquire one of the power generation companies on sale from the Bureau of Public Enterprises (BPE). Femi Otedola’s...
Geregu Power Plc generated its lowest revenue in three years, Ripples Nigeria learnt on Wednesday after obtaining the company’s 2022 Full Year financials. According to the...
As Elon Musk’s Starlink commences operation in Nigeria, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said his firm is operating in a challenging business...
A United States District Judge, LaShann Hall, has sentenced “Start Options” and “B2G” promoter, John DeMarr, to 60 months in prison for defrauding unsuspecting cryptocurrency investors....
Investors in the Nigerian capital market pocketed N44.03 billion following a 0.15 percent growth in equity capitalization at the close of trading on Tuesday. After five...
Addax Petroleum and the Nigerian National Petroleum Company (NNPC) Limited terminated their 24-Year Production Sharing Contract (PSC) on Tuesday. In a statement released by the NNPC...
Forward Microfinance Bank has elected a new board and chairman, as the previous members retired in line with the Central Bank of Nigeria (CBN) regulation. The...
The former Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, has said the Central Bank of Nigeria (CBN) led by Godwin Emefiele...
Guaranty Trust Bank (GTBank) is under investigation for allegations of breaching customers’ data weeks after the United Kingdom authorities fined the firm for money laundering failure....
The equity capitalization in the Nigerian capital market rose to N28.95 trillion on Monday. The figure was 0.94 percent or N272.30 billion higher than the N28.68...
Days after suspending service on the Abuja-Kaduna rail corridor, the Nigerian Railway Corporation (NRC) stated that operation will resume on Tuesday. In a statement released by...
BUA Foods’ turnover grew by 25.3 per cent between January to December 2022, with the company’s profit after tax rising by 29.5 per cent. The food...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said naira hoarders have returned N1.9 trillion worth of naira notes. The central bank had...
Flour Mills of Nigeria (FMN), Unilever, and Nigerian Breweries are some of the stocks to watch this week after the equity market resumes trading. Ripples Nigeria...
About 756.769 million shares, valued at N13.653 billion, were traded in 18,248 deals within five days of January 23 to 27, 2023. A week before, N15.668...
The Central Bank of Nigeria (CBN) has extended the date for expiration of old Naira notes in the country to February 10, 2023. This is an...
Ten months after Flour Mills of Nigeria (FMN) acquired a majority stake in Honeywell Flour, the former is on the verge of losing some assets owned...
The Central Bank of Nigeria (CBN)’s cash swap programme with the Deposit Money Banks (DMBs) has suffered a setback due to scarcity of the new Naira...
The average retail price per litre of kerosine rose by 136.04 per cent year-on-year basis in Nigeria, the National Household Kerosene Price Watch report disclosed. According...
Domestic oil and gas company, Eterna Plc, recorded a decline in its foreign exchange forward contract, but managed to raise its total revenue for the year...
The Nigerian capital market rebounded from the previous day’s losses with a rise in equity capitalization by 0.29 percent at the close of trading on Thursday....
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has stated that dollar charges on foreign cards for domestic transactions conducted within Nigeria will...
The crash experienced by Bitcoin (BTC) seems to have encouraged Elon Musk’s Tesla to hold its BTCs, as the company didn’t sell the crypto-asset in its...
A new report by independent research firm, Finder, has predicted that Bitcoin (BTC) will hit an all-time high of $188,451 after investors suffered significant losses in...
Nigerian restaurant firm, Chicken Republic, has announced that the use of the old naira notes has been banned from its fast-food chains ahead of the deadline....
The value of investments in the Nigerian capital market depreciated by -0.02 percent due to the sell-off in Geregu and Thomas Wyatt, amongst others on Wednesday....
In the era of global historical inflation, investors are seeking assets that could act as a store of value but wouldn’t cost them a arm and...
The management of First City Monument Bank (FCMB) Group is looking to increase the company’s liquidity to finance operation. FCMB has received approval from the capital...
Investors in the Nigerian capital market with Nigerian Breweries, Caverton and other entities’ shares lost N24.58 billion following the dip in equity capitalization by 0.08 percent...
Unilever lost 64.51 per cent of its revenue to expenses in 2022, as production cost grew by 14.10 per cent during the same period in review....
The Guaranty Trust Bank (GTBank), Stanbic IBTC, others have been excluded from the cash swap programme by the Central Bank of Nigeria (CBN). Ripples Nigeria had...
The Federal Government of Nigeria risks losing 30 per cent of Nigeria’s foreign exchange reserves as the London High Court resumes hearing on Tuesday on the...
Nigerian stock market ended trading with N28.68 trillion equity capitalisation on Monday, slightly above the N28.64 trillion recorded on Friday. This shows the market capitalisation increased...
Investors are cutting ties with Access Bank, Guaranty Trust Holding Company (GTCO) and other firms in the Nigerian banking industry amid the threat of financial sanction...
This week’s stocks to watch list for this week include MTN Nigeria, MRS Oil, and International Breweries. The companies made the cut due to their capital...
Investors in the Nigerian capital market traded 1.241 billion shares valued at N15.668 billion in 18,560 deals this week. However, this fell short of 1.286 billion...
The Federal Government has increased the salary of the Nigerian Ports Authority (NPA) staff. The Minister of Transportation, Mu’azu Sambo, disclosed this at an event organised...
MTN Nigeria offered incentive shares to shareholders that participated in its share offer conducted in January last year after the company failed to grow its investment...
The Major Oil Marketers Association of Nigeria (MOMAN) said the abrupt reversal of the Petroleum Industry Act affected the oil and gas industry negatively. In a...
The International Renewable Energy Agency (IRENA)has said Nigeria is the highest importer of Premium Motor Spirit (PMS) and diesel generator in Africa, and one of the...
Netflix has made a change in its leadership role, as Reed Hastings steps down amid Disney and Amazon threat to the video streaming platform’s market share....
The Nigerian capital market recorded sluggish growth on Thursday with the value of investments rising to N28.66 trillion at the close of trading. This represented a...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said Justice Inyang Ekwo of the Federal High Court in Abuja erred in his...
Three weeks after Simon Ekpa, one of the controversial leaders of the proscribed secessionist group, Indigenous People of Biafra (IPOB), spoke against the ‘taxation regime’ in...
Justice Inyang Ekwo of the Federal High Court, Abuja, has adjourned the summon of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over...
Trading on Wednesday closed by -0.16 per cent after the market capitalisation of the Nigerian stock exchange settled at N28.65 trillion. This was below the N28.70...
Police officers reportedly surrounded the home of the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, located in the Federal Capital Territory, Abuja, on Tuesday night....
