The Central Bank of Nigeria (CBN) has launched a strategy to revive the country’s struggling industrial sector by providing “single-digit loan facilities.” It also said with...
The Food and Agriculture Organization (FAO) said on Thursday the global food trade is poised to hit a record high in both volume and value in...
The bearish trading in the Nigerian capital market persisted on Thursday as investment takeout depleted the bourse by 0.3 percent at the close of the day’s...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has urged international investors to trust President Muhammadu Buhari’s policies and come to Nigeria. Emefiele...
The bitcoin community is facing an epic battle to save their investment as Nigerian banks such as Zenith Bank, are shutting down accounts believed to be...
Shareholders in the Nigerian capital market lost about N20 billion following the drop in their total investment by 0.05 percent on Wednesday. Consequently, the market capitalization...
The Federal Executive Council (FEC) on Wednesday approved the 2021 to 2025 National Development Plan (NDP) to succeed the Economic Recovery and Growth Plan (ERGP) which...
Following reports that Wema Bank is planning to enter into a merger process, the lender has denied taking such step to boost its competitiveness in the...
The Manufacturers Association of Nigeria (MAN) has decried the proposed re-introduction of excise duty on non-alcoholic drinks, saying producers could lose up to N1.9 trillion in...
Following Monday’s significant rise in capital market, investors double down on Tuesday, leading to 1.12 percent rise in market capitalization. This reflected in the N252.41 billion...
The faceoff between Zenith Bank and the Chairman of Seplat, Ambrose (A.B.C) Orjiako, has taken a different turn with the lender demanding the repayment of $78.4million...
The Minister of State for Petroleum Resources, Timipre Sylva, said on Tuesday the Federal Government has set aside N250 billion for investors in autogas assembly plants...
In a space of two years, three Fintech markets in Nigeria have experienced the wrath of both State and Federal governments, with only one surviving the...
The Central Bank of Nigeria (CBN) has announced that Nigerians exchanged N46.3 million worth of eNaira in the first two weeks after launch. This is according...
The value of Nigerian currency fell to the U.S dollar after Monday trading activities at the Investors and Exporters (I&E) segment of the foreign exchange (forex)...
Revenues earned by the Nigerian National Petroleum Corporation (NNPC) Limited fell N1.29 trillion short of expectations in the first nine months of 2021. This is according...
The National Bureau of Statistics said on Monday the 36 states and the Federal Capital Territory (FCT) recorded N849.12billion Internally Generated (IGR) Revenue in the first...
Shareholders at the Nigerian capital market gained N643.13 billion following a 2.93 percent rise in equity capitalization at the close of business on Monday. The equity...
Bitcoin on Monday surged closer to its all-time high of $66,975 achieved in October. This came just as a report emerged that the Zimbabwean government is...
U.K investor, Stanbic Africa Holding Limited, has moved to tighten its control in Stanbic IBTC, following the share acquisition by investment banker, Atedo Peterside – as...
The Central Bank of Nigeria (CBN) has announced N5 billion as the maximum loan amount for private companies in its newly introduced initiative, called ‘The 100...
MTN, Airtel, Eterna and Unilever made it into this week’s Ripples Nigeria Stock-To-Watch list as the capital market reopens for another five days of trading. Ripples...
Nigeria’s external reserves dropped by $30 million in just 24 hours, the Central Bank of Nigeria revealed on Sunday. Data from the CBN obtained by Ripples...
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...
Commercial banks in Nigeria intercepted N122.83 million worth of fake Naira notes in circulation in two years. The Central Bank of Nigeria (CBN) disclosed this in...
The Central Bank of Nigeria (CBN) has released the revised guidelines for its Anchors Borrowers Programme and warned farmers of several sanctions for default. The guidelines...
Total trading for this week ended with investors trading 1.428 billion shares worth N12.373 billion in 23,987 deals. This is against the 3.001 billion shares valued...
The Nigerian capital market rebounded from two days consecutive losses to hand shareholders N36.88 billion at the close of trading on Friday. This followed the rise...
The Central bank of Nigeria (CBN) has revealed that in the last six years it spent N3.88 billion to throw away N4.13 trillion worth of dirty...
MTN Nigeria and Airtel have both secured approval in principle for Payment Service Bank (PSB) license from the Central Bank of Nigeria (CBN) – but this...
The first three paychecks of New York mayor, Eric Adams, will be in bitcoin, as the politician expands the reach of cryptocurrency from the private sector...
Two major telecommunication companies in the country, Airtel and MTN Nigeria have been granted licenses to operate as Payment Service Banks (PSB) within Nigeria. Both companies...
Agent banking is the new money making machine for Nigerian commercial banks, as the lenders balance improving financial inclusion and increasing turnover. The Central Bank of...
When Forbes reported on June 16 that Tesla founder, Elon Musk, was only worth $150.1 billion, he was ranked third in its billionaire watch list at...
The Nigerian stock market trading losses continued on Thursday following the crash in equity capitalization by 0.07 percent at the close of the day’s business. The...
The Central Bank of Nigeria (CBN) spent N58.618 billion to print 2.518 billion Naira notes last year. The apex bank disclosed this in its 2020 Currency...
Nigerian banks have informed customers and staff that from December 31, old £20 and £50 British pound notes will be rejected. In a circular seen by...
Atedo Peterside, through his investment firm, SITL The First ANAP Domestic Trust, has conducted an insider dealing to tighten his position in Stanbic IBTC – but...
For the first time, MTN Nigeria Communications Plc will put up its shares for sale to the Nigerian investing public. The transaction will total 575 million...
The total networth of Chief Executive Officers (CEOs) heading Nigerian-owned companies, which are the top five most capitalised firms, rose by 2.59 percent in the month...
Investors at the Nigerian stock market lost N19.8 billion as the bourse stuck between the bears and the bulls at the close of trading on Wednesday....
The Central Bank of Nigeria (CBN) on Wednesday urged Nigerians to heed its directives and forget about cryptocurrencies in order to avoid further financial losses. The...
Investors of Sterling Bank lost 2.66 percent of their total investment at the lender same day reports circulated that its former manager, Oliver Anidiobi, was convicted...
Founders of Squid Game inspired cryptocurrency, which bears the same name, have defrauded its investors of $3.38 million, as the asset’s value crashed to $0 this...
The number of borrowers approaching financial institutions for loans jumped to its highest level in five years according to the International Monetary Fund (IMF). IMF stated...
The Debt Management Office (DMO) said on Tuesday it would issue new sovereign Sukuk valued between N200 and N250 billion before the end of the year...
South African billionaire, Elon Musk, has further cemented his position as the world’s richest man following the increase in his net worth to $335 billion in...
Eterna Plc is now under new management after seven substantial investors sold their stake in the oil and gas firm to Preline Limited. Ripples Nigeria had...
The Nigerian stock market rebounded from Monday’s loss with investors pocketing N19.10 billion at the close of trading today (Tuesday). This followed the rise in equity...
For a country hit by a revenue and FX shortfall, the Nigerian government continues to miss out on gains of rising oil prices as oil production...
