The Nigerian capital market went downward on Monday following the crash in equity capitalization by 0.14 percent at the end of the day’s trading. Ripples Nigeria...
Revenue growth from alcohol and drink consumption rose by over 53.8 percent in Q3 2021 according to Ripples Nigeria analysis, as Nigerians spent over N194.04 billion...
First Bank Nigeria Holdings, Guaranty Trust Holding Company (GTCO) Dangote Cement and BUA Cement found their way into this week’s Ripples Nigeria Stock-To-Watch list. From the...
Unity Bank Plc has announced a 7 percent increase in its gross earnings to N36.18 billion for the nine-month period ending September 30 compared to N33.9...
It seems First Bank’s attempt to douse the chaos around the lender in the capital market failed to sway investors confidence following the leadership tussle between...
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...
Mark Zuckerberg fell two places on the Bloomberg billionaire index in October, as he’s set to end the month as seventh richest man after changing Facebook’s...
Bank loans to the Federal Government reached N13.03 trillion in September, the Central Bank of Nigeria (CBN) has revealed. In the latest credit and money statistics...
The Federal Government has concluded plans to concession 12 hydropower plants in five states and the Federal Capital Territory (FCT) for effective service delivery in the...
Investment into the stock market improved this week, as investors parted with N34.547 billion to trade 3.001 billion shares in 25,932 deals. This is in contrast...
Investors at the Nigerian capital market went home with N40.4 billion at the close of business on Friday. This followed the rise in equity capitalization by...
Soko Loan Lending company, a quick credit startup, in Nigeria is on the verge of a shutdown months after the National Information Technology Development Agency (NITDA)...
Following a transformation of Guaranty Trust Bank business structure at the start of H2 2021, Segun Agbaje became the Group Chief Executive Officer of Guaranty Trust...
Two of Nigeria’s biggest cement producers, Dangote and BUA rode on the continued ban on importation of the product to grow their profits by 31.71% to...
The Group Managing Director of First Bank Nigeria Holdings, Urum Kalu (U.K) Eke, has resigned from his position before the end of his tenure amid a...
Adenikinju Festus, one of the members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) moved for the increase of MPR, while asking...
The Central Bank of Nigeria (CBN) has warned Nigerians against conversing with a fake eNaira Twitter handle, @enaira_cbdc, stating that the financial regulator is not on...
Investors at the Nigerian stock exchange cut down their participation at the bourse for the third consecutive day on Wednesday. This followed the crash in equity...
The digital currency, eNaira’s app is no longer available for download on Google Playstore just 48 hours after the launch of the product. President Muhammadu Buhari...
First Bank Nigeria Holdings has weighed into the leadership tussle between Tunde Hassan-Odukale and Femi Otedola, following a take over attempt witnessed in H2 this year....
Ethereum is on course to surpass it’s all time high by 16.7 percent in Q4 2021, as 50 fintech specialists have projected ether will break the...
Zenith Bank Group Managing Director, Ebenezer Onyeagwu, has called for the regulation of the financial technology market, stating that there’s too much excitement in the Fintech...
Justice Taiwo Taiwo of the Federal High Court, Abuja has ordered the Central Bank of Nigeria (CBN) to unfreeze the accounts of fintech companies pointing out...
Former Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido, has called for the removal of fuel and electricity subsidies in favour of sectors that...
Investors at the Nigerian stock market pocketed N10billion at the close of trading on Tuesday. This followed the rise in the equity capitalization to N21.82 trillion...
The Nigeria Deposit Insurance Corporation (NDIC) has revealed that 99.4% of bank accounts in Nigeria have less than the N500,000 Maximum Insured Limit (MIL) of the...
Two weeks after acquiring African Banking Corporation of Botswana Limited (BancABC Botswana), Herbert Wigwe’s Access Bank is about to acquire another Bank from depressed Atlas Mara....
The Naira remained unchanged against the United States Dollar after Monday trading activities at the Investors and Exporters (I&E) window. Data obtained from FMDQ securities showed...
Nigeria’s peak power generation slumped to 4,329.39MW as Nigerians continue to wait for the promise of a stable power supply. The new figure which is contained...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has lamented the increasing pressure on Nigeria’s revenue due to daily fuel subsidy payment. Ahmed, who...
The World Bank has descended heavily on the N2.9 trillion subsidy spending by the Nigerian government, saying that it is depriving states of much needed revenue....
In a bid to boost liquidity in the private sector, the Central Bank of Nigeria (CBN) on Monday unveiled a new financial instrument called “The 100...
Investors at the Nigerian capital market pocketed N20billion following a 0.12 percent rise in equity capitalization at the close of trading on Monday. The total investment...
The Central Bank of Nigeria (CBN) has released N200 million worth of eNaira to banks for use in the country. The CBN Governor, Godwin Emefiele, disclosed...
President Muhammadu Buhari said on Monday the adoption of the digital currency, eNaira would increase Nigeria’s Gross Domestic Product (GDP) by $29 billion over the next...
Four hours after President Muhammadu Buhari launched the digital currency, eNaira App, Nigerians are having problems signing into the Central Bank of Nigeria (CBN) digital currency...
In a bid to curb the growing acceptance of cryptocurrency against fiat, and its influence in the financial asset class, governments are weighing central bank digital...
Nigeria’s central bank digital currency (CBDC) the eNaira, has gone live following an announcement by President Muhammadu Buhari on Monday. The official unveiling of the eNaira...
United Bank for Africa (UBA) between January and September, reported N104.6 billion in post-tax profit. The figure is a significant increase from the N77.1 billion reported...
UPDC, BOC Gases Nigeria, Studio Press, and First Bank made their way into Ripples Nigeria’s Stock-To-Watch list for this week amid multiple takeover and failure to...
The average price for a Liquefied Petroleum Gas (LPG) also known as cooking gas and kerosene increased again in September as more Nigerians find creative ways...
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...
FBN Holdings (FBNH) Plc, the parent company of First Bank, on Saturday confirmed that Femi Otedola has acquired a 5.07 percent equity stake in the lender....
FBN Holdings Plc has denied knowledge of the acquisition of significant shareholding by billionaire businessman, Femi Otedola in the company. The media had been agog with...
The Nigeria Deposit Insurance Corporation (NDIC) has liquidated at least 500 deposit money, microfinance, and primary mortgage banks whose licences were revoked by the Central Bank...
Equity capitalization rose by 0.14 percent at the close of trading on the floor of the Nigerian capital market on Friday. This followed the increase in...
Femi Otedola has reportedly acquired a majority share in First Bank as the Nigerian billionaire plots a takeover of the lender following the ouster of Oba...
These are good times for domestic oil and gas producers in the country as crude oil prices continue to soar. Data from Reuters showed oil price...
Two months after Theophilus Danjuma acquired BOC Gases Nigeria Plc, the manufacturer of industrial and medical gases has changed its company name amid a loss of...
The International Monetary Fund (IMF) on Thursday predicted Nigeria’s economy to grow by 2.7 percent in 2022. The IMF disclosed this in its October Regional Economic...
