A consulting firm, Melrose General Services Limited, has filed a contempt charge against the Central Bank of Nigeria (CBN) over the Paris Club refund at the...
The International Monetary Fund (IMF) on Friday called for a tight monetary policy to firmly lower Nigeria’s inflation. IMF’s mission chief for Nigeria, Axel Schimmelpfennig, made...
The International Monetary Fund (IMF), has disclosed that it would revise the world economic growth projections downward next week when the World Economic Outlook is released,...
The Minister of Power, Adebayo Adelabu, said on Thursday that the sector generated N700 billion in revenue last year. He stated this during the 6th Edition...
Investors in the Nigerian equities market gained N240 billion at the close of trading on Thursday. This followed a surge in the share prices of stocks...
Senegal has urged the Economic Community of West African States (ECOWAS) member states to step up measures that would promote and attract foreign investments to their...
The Nigerian equities market continued its flip-flop movement as investors lost N445 billion at the close of trading on Wednesday. This followed a dip in the...
For the second time this month, Dangote Petroleum Refinery and Petrochemicals Plant has reviewed its ex-depot cost of petrol to ₦835 per litre. The $20bn Lagos-based...
As global rude oil prices remain on a downward spiral, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed,...
The three tiers of government on Monday shared the sum of N1.57 trillion as revenue allocation for March. The Director of Press and Public Relations, Office...
The Nigerian equities market recorded a marginal made a marginal recovery from previous losses as investors gained N31 billion at the close of trading on Tuesday....
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the importation of Premium Motor Spirit (PMS) popularly called petrol has plunged from 44.6 million liters...
The cost of living in Nigeria continues its upward climb, with the inflation rate rising to 24.23% in March 2025, according to the latest Consumer Price...
Nigeria’s crude oil production dipped to 1.4mbpd in March 2025, from 1.46mbpd in the previous month, the Organisation of the Petroleum Exporting Countries (OPEC) has disclosed....
The Nigerian stock market began the new trading week on a bearish note, as investors lost N21 billion on the trading floor of the Nigerian Xchange...
The recent tariff hike introduced by United States President, Donald Trump, may be a blessing in disguise if African countries take a more inward-looking approach by...
The bears continued to ravage the Nigerian equities market as investors lost N440 billion on the floor of last week. The market capitalization crashed to N65.7...
The pan-African multilateral financial institution, African Export–Import Bank (Afreximbank), has projected the continent’s real Gross Domestic Product (GDP) to grow by 4.0 percent despite the global...
Investors in the Nigerian equities market lost N440 billion during the just-concluded trading week at the Nigerian Xchange (NGX). Ripples Nigeria reports that investors recorded a...
The Federal Government has set up a sub-committee to evaluate the potential economic impact of the recent tariff measures announced by the United States government. This...
The Nigerian stock market closed the week on a bearish note as investors lost N14 billion on Friday. This followed a dip in the share prices...
Investors in the Nigerian equities market gained N377 billion at the close of trading on Thursday. This followed a surge in the share prices of stocks...
The Nigerian Electricity Regulatory Commission (NERC) has fined eight electricity distribution companies (DisCos) N628.03 million for non-compliance with the capping of estimated bills for unmetered customers....
The Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 per litre. The new price is...
The bearish sentiment returned to the Nigerian equities market as investors lost N119 billion on the trading floor of the Nigerian Xchange Group (NGX) on Wednesday,...
The ongoing tariff war between the United States and China has escalated, sending global crude prices tumbling by six percent on Wednesday, April 9, 2025. US...
The Federal Executive Council has directed the full implementation of the suspended Naira-for-Crude agreement with local petroleum refiners in a renewed push to strengthen Nigeria’s energy...
The Nigerian equities market kicked off the week with a massive loss as investors lost N658 billion on the trading floor of the Nigerian Xchange Group...
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has downplayed the potential impact of the recent 14 per cent tariff imposed by...
A cryptocurrency platform, Binance Holdings Limited, on Monday asked the Federal High Court, Abuja, to set aside the ex-parte order granted the Federal Inland Revenue Services...
Investors in the Nigerian equities market lost N110 billion at the close of trading last week. The market opened for three trading days last week as...
The African Development Bank (AfDB) has disclosed that it will launch phase one of the $538 million Special Agro-Industrial Processing Zone (SAPZ) programme in Kaduna on...
The Central Bank of Nigeria (CBN) on Friday supplied a total of $197.71 million to the foreign exchange market through sales to authourised dealers. The apex...
A Federal High Court in Lagos has fixed April 15, 2025, for the hearing of a suit filed by Ecobank Nigeria Plc against Obafemi Otudeko, managing...
Investors in the Nigerian equities market lost N110 billion during the just-concluded, holiday-shortened trading week at the Nigerian Xchange (NGX). The market opened for three trading...
Newly appointed Group Chief Executive Officer (GCEO) Bayo Ojulari has officially taken over the leadership of the Nigerian National Petroleum Company (NNPC) Limited, succeeding Mele Kyari....
The Nigerian equities market closed the week with a loss of N8 billion for investors at the close of trading on Friday. This followed a dip...
The Nigerian equities market rebounded from previous day’s with a N30 billion gain for investors at the close of trading on Thursday. This followed a surge...
President Donald Trump’s massive new tariffs would send the US tariff rate dramatically higher to levels unseen since around 1910 and may drive many nations into...
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) popularly known as petrol to N935 per litre in...
The Central Bank of Nigeria (CBN) has dismissed as false a widely circulated report claiming it has introduced new N5,000 and N10,000 banknotes. In a statement...
Fidelity Bank Plc, has released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank’s...
Amid calls for increased customer-focused banking in Nigeria, Sterling Bank has advocated for the cancellation of bank transfer fees by major banks, announcing it will no...
Nigeria has increased its electricity generation capacity by 2,000 megawatts (MW) in just two years, a feat that previously took nearly four decades to achieve. The...
The Centre for the Promotion of Private Enterprise (CPPE) has kicked against the plan by the Federal Government to ban the importation of solar panels into...
The Nigerian equities market returned from the Eid-el-Fitr holiday with a N59 billion loss for investors at the close of trading on Wednesday. This followed a...
In a move akin to a midnight coup d’etat, President Bola Ahmed Tinubu in the early hours of Wednesday sacked the Group Chief Executive Officer of...
