The Minister of Finance, Zainab Ahmed, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, have been given three days to provide details...
Centum Investment Company Plc, the majority shareholder of Sidian Bank, has pulled out of a deal with Access Holdings. Access Holdings had through its subsidiary in...
The Nigerian capital market ended trading with N28.70 trillion on Tuesday. The figure was 0.64 percent or N183.7 billion higher than the N28.52 trillion posted by...
To stabilise the exchange rate in the official market, over $15.3 billion was disbursed into the economy by the Central Bank of Nigeria (CBN) in 2022....
The National Assembly will this week deliberate on President Muhammadu Buhari’s request to swap the loan obtained from the Central Bank of Nigeria (CBN) to bond....
The Central Bank of Nigeria (CBN) has revealed that the head of the financial regulator, Godwin Emefiele, will lead the upcoming Monetary Policy Committee meeting (MPC)....
Investors lost N80.85 billion on Monday after the market valuation of the Nigerian stock exchange dropped to N28.52 trillion. The loss represents a decline of -0.28...
Nine Nigerian commercial banks were surcharged a combined N147.65 billion by the Federal Government’s Asset Management Corporation of Nigeria (AMCON). The debt-recovery agency took possession of...
Access Holdings, Oando and Thomas Wyatt made it into this week’s stocks to watch list due to various reasons, such as board and stock market activities....
Fear and greed are factors that control the price movement of a stock, but at the end of the week, the former controlled the decision of...
Bitcoin (BTC) appreciated in value this week on the back of fund recovery in bankrupt cryptocurrency exchange platform, Futures Exchange (FTX). Bitcoin had closed January 8,...
The Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, said on Friday the country loses $2.5 billion in oil revenue monthly. Oyerinde, who disclosed...
The Nigerian capital market closed on a high note on Friday with the equity capitalization rising by 0.89 per cent at the close of the day’s...
Acquisition talks between Access Holdings and Centum Investment Plc have collapsed as the Nigerian and Kenyan companies failed to agree on conditions to finalise the buyout...
Nigerian oil companies are the biggest gainers in the scarcity of Premium Motor Spirit (PMS) within the country, that has led to Nigerians buying fuel above...
The Finnish research institute, Centre for Research on Energy and Clean Air (CREA), has stated that Russia’s oil revenue losses to European Union sanctions will increase...
Ukrainian government has disclosed that it will set up grain hubs in Nigeria and other African countries amid decline in importation of wheat from Russia in...
The technical advisor to national carrier, Nigeria Air, Prof. Tilmann Gabriel, has revealed that Nigerian government paid $12.5 million for its stake. Ripples Nigeria had reported...
The court faceoff between Airline Operators of Nigeria (AON) the Nigeria Air Limited and the Minister of Aviation, Hadi Sirika, could cost Ethiopian Airlines incentives from...
Between 2019 and 2022, N173.2 billion was spent by the Federal Government to ensure equality of pump price of Premium Motor Spirit (PMS) at retail stations...
The investment value in the Nigerian capital market dropped by 0.47 percent at the close of trading on Tuesday. This represented a dip in the market...
Guinness Book of Records has tagged Elon Musk as the first human to lose $182 billion, after Tesla’s share plummeted in 2022, as investors’ confidence dropped...
Last week, investors holding Airtel Africa’s shares saw their investment fall by -5.19 per cent after four days of trading, as demand for the firm’s stock...
The United States Department of Justice (DoJ) has finally seized the $465 million worth of shares owned by Futures Exchange (FTX) co-founders, Sam Bankman-Fried and Gary...
The Minister of State for Petroleum Resources, Timipre Sylva, said buying Premium Motor Spirit (PMS), also known as fuel, at N300 per litre is not too...
Crude oil production in Nigeria fell by -11.6 per cent (or 163,000 barrels per day) last year to 1.235 million barrels per day (mbpd) in December...
The second-tier banks continued to dominate the top five best-performing financial institutions in Nigeria, with only one tier-one bank making it into the list in the...
The stocks to watch this week include Airtel Africa, Champion Brew and John Holt based on their trading performance last week. Ripples Nigeria stocks watchlist is...
The Nigerian Stock Exchange went on break on Monday, January 2, 2023, due to the Public Holiday to mark the New Year celebration. After resumption on...
Chinese billionaire, Jack Ma, has lost the controlling stake in China’s payment company, Ant Group, following the restructuring of the firm’s ownership structure. In a statement...
Deposit Money Banks have reverted to old naira notes for over-the-counter withdrawals, as the Central Bank of Nigeria (CBN) directed lenders to halt disbursing of new...
Nigerian National Petroleum Company (NNPC) Limited has denied claims that it exported $1 billion crude oil without records in four years. Ripples Nigeria had reported two...
The founder of Futures Exchange, Sam Bankman-Fried, is likely to lose $460 million worth of shares owned in the exchange company, Robinhood, to U.S prosecutors. Although...
Nigerians will have to pay almost half a million to buy and access the internet network package offered by Elon Musk’s company, Starlink. In a statement...
The revenue generated by the Nigerian railway service fell significantly in the second quarter of 2022, amid a rise in its debt service to loans obtained...
The Minister of Finance, Zainab Ahmed, has stated that Nigeria no longer depends on oil revenue, compared to 2016, a year after President Muhammadu Buhari’s administration...
The external debt service payments report by the Debt Management Office (DMO) has revealed that Nigeria’s railway-related debts gulped $548.67 million between 2016 and 2022. In...
Dollar hoarders are the biggest winners in the investment market in 2022, thanks to the policies of Godwin Emefiele, the governor of the Central Bank of...
The founder of Futures Exchange (FTX), Sam Bankman-Fried, has pleaded not guilty to the eight different charges brought against him by the U.S prosecutors. Bankman-Fried faces...
The Nigerian capital market returned from the New Year break on Tuesday with a 0.6 percent rise in equity capitalization. The figure represented N187.69 billion growth...
The Federal Government has allocated N6.6 trillion to debt service in the 2023 budget signed by President Muhammadu Buhari on Tuesday at the Presidential Villa in...
Tantita Security Services Nigeria Limited (TSSNL), a firm owned by former militant leader, Chief Government Ekpemupolo, aka Tompolo, has reportedly discovered a filling station and barge...
Geregu, Airtel Africa and FBN Holdings made it into this week’s stocks to watch list as the exchange resumes four days of trading. Ripples Nigeria stocks...
A new housing law in Canada will prevent Nigerians and other foreigners from buying homes in the country for investment starting from January 1, 2023, as...
Investors in the Nigerian capital market pocketed N518.01 billion following the rise in equity capitalization by 1.8 percent at the close of trading on Friday. This...
Wema Bank has announced that its Managing Director and Chief Executive Officer, Ademola Adebise, will go on terminal leave, with Moruf Oseni taking over. Adebise’s terminal...
As the curtain is drawn down on 2022, analysis of Airtel Africa and MTN Nigeria’s outing in the stock market showed investors patronising the telco stocks...
International transactions on Guaranty Trust Bank (GTBank) naira Mastercard have been suspended by the financial institution indicating banks are still struggling with foreign exchange (forex) scarcity....
The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Gbenga Adebayo, has disclosed that network providers will disconnect banks from the Unstructured Supplementary...
The billionaire businessman, Femi Otedola, suffered mixed fortune in the Nigerian capital market following the drop in his investment in First Bank Holdings by -6.35 percent....
