Nigeria’s Gross Domestic Product (GDP) grew by 5.01 percent in the second quarter (April, May, June) of 2021, according to the Nigeria Bureau of Statistics (NBS)....
Investors at the Nigerian capital market lost N3 billion following the crash in the market capitalization at the close of trading on Wednesday. At the close...
The international oil benchmark, Brent crude, against which Nigeria’s crude oil is priced sustained its recovery as price rose by 3.5 percent, or $2.44, to $71.11...
Nigerians who chose to use the black market on Tuesday due to easy access to foreign currency were forced to pay more than they did on...
The market capitalisation rose by 0.06 percent on Tuesday, recovering from the dip recorded on Monday. The equity capitalisation had increased slightly to N20.55 trillion at...
Nigerians may have to pay more for soft drinks should the Nigeria Customs Service (NCS) succeed in reintroducing excise duty on all drinks produced in the...
The total asset value of mutual funds in Nigeria has hit the N1.28 trillion mark, according to the latest data from the Securities and Exchange Commission...
Resignations have trailed the takeover of BOC Gases by Theophilus Danjuma, as two executives quit the board of the industrial and medical gases manufacturer. Ripples Nigeria...
Tech investor, Victor Asemota, says many Nigerian tech startups will pack up if the National Information Technology Development Agency (NITDA) intensifies its clampdown on privacy invasion....
The Naira again traded weaker against the US Dollar on Monday, losing 16 kobo or 0.04 per cent at the Investors and Exporters (I&E) window, the...
The total equity value in the Nigerian stock exchange dropped to N20.54 trillion on Monday, as the market dipped by 0.12 percent. The market capitalisation didn’t...
Nigeria together with other developing countries are expected to share $275 billion dollars out of the International Monetary Fund’s (IMF) $650 billion Special Drawing Rights (SDRs)....
During the weekend, bitcoin saw a surge that pushed its value above $50,000 into Monday, but that appreciation didn’t last as the asset slumped again same...
The Central Bank of Nigeria (CBN) has instructed microfinance banks operating in the rural areas not to exceed it’s credit facility to customers beyond N500,000. This...
As the trading week begins, BOC Gases, Access Bank, Airtel Africa and Honeywell Flour are some of the stocks to watch out for during the five-day...
Nigeria’s currency is starting the new week weaker to the dollars, pounds and Euro at the unregulated exchange market, but hope of recovery is on the...
Nigerians spent $1.04 billion on food importation in first six months of 2021 as the Central Bank of Nigeria (CBN) increased its foreign exchange supply to...
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...
Investors exchanged over 866.544 million shares worth N12.25 billion in 17,291 deals between Monday to Friday this week, in contrast to last week’s 1.610 billion shares...
In its bid to lift 100m Nigerians out of poverty, the Federal government has promised to resume N10,000 monthly payment to the poor and vulnerable across...
Employees and investors are currently in limbo as the Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of...
The Federation Accounts Allocation Committee (FAAC) has distributed N760.717 billion to the three tiers of government as federation allocation for July. This was revealed in a...
Following a leaked regulation bill by the National Information Technology Development Agency (NITDA) Flutterwave co-founder, Iyinoluwa Aboyeji, said he regretted voting for President Muhammadu Buhari. Aboyeji...
Investors traded 280.57 million shares valued at N3.18 billion on the floor of the Nigerian capital market on Friday. This surpassed the 201.83 million shares valued...
The Nigeria Petroleum Development Company, a subsidiary of Nigeria National Petroleum Corporation (NNPC), has resumed oil production at Oil Mining License 11 (OML 11). The development...
The Central Bank of Nigeria (CBN) has issued a strong warning to all microfinance banks to desist from engaging in activities beyond their operating limits or...
Nigerian National Petroleum Corporation (NNPC) has announced the board of its newly established subsidiary NNPC Greenfield Refinery Limited (NGRL) with a target to end importation of...
Qatar Investment Authority (QIA), through its affiliate, Qatar Holding LLC has concluded first closing of the minority investment in Airtel’s Africa mobile money business. With the...
On Thursday, the value of the Nigerian naira fell further against the US dollar, British pound, and euro, as black marketers continued to take advantage of...
Access Bank has instructed its management and other members of the company against trading in the shares of the lender as it suffers a setback in...
Increase in investors’ participation lifted the Nigerian capital market by 0.31 percent and hand stockholders N64.92 billion gain on Thursday. The rise in investors’ participation pushed...
The National Bureau of Statistics (NBS) said on Thursday the average price paid by consumers for Premium Motor Spirit (PMS) also known as petrol increased hit...
The National Bureau of Statistics (NBS) revealed on Thursday that Nigerians spent more on kerosene and cooking gas last month. The agency disclosed this in Price...
Nigeria’s currency traded weaker against foreign currencies on Wednesday at the black market. According to Abokifx data, after trading on Wednesday, the Naira lost 0.39 percent...
Loan app startup, Soko Lending Company Limited (Soko Loan) has been fined by the National Information Technology Development Agency (NITDA) for privacy invasion. The NITDA said...
Digital companies, Twitter, Facebook and other social media platforms will be taxed by the Federal Inland Revenue Service (FIRS) in 2022, as tax agency set up...
Investors lost N2.44 billion following the crash in the equity capitalization by 0.01 percent at the close of business on the floor of the Nigerian capital...
The Central Bank of Nigeria (CBN) has unveiled guidelines stipulating minimum requirements for enhancing cyber-security in the financial sector. According to the CBN the move is...
Theophilus Danjuma has acquired BOC Gases Nigeria Plc, manufacturers of industrial and medical gases, amid rising debt to the company’s trade creditors. Ripples Nigeria had reported...
The Naira appreciated marginally against the U.S dollar at the official market (Nafex window) after two days of losses. Data posted on the FMDQ Security Exchange...
Justice Ahmed Mohammed of the Federal High Court, Abuja, on Tuesday granted the Central Bank of Nigeria (CBN)’s request to block accounts of six fintech companies...
Investors at the Nigerian capital market gained N23.4 billion on Tuesday as the bourse recovered from the previous day’s loss on the trading floor. At the...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate dropped for the fourth consecutive month in July. According to the statistics body’s latest...
Some Nigerian companies are said to be evading tax payment with change of office location as the Federal Inland Revenue Service (FIRS) can no longer trace...
In the first half of 2021, debt servicing has gulped N2.02 trillion, according to the Minister of Finance, Zaina Ahmed who spoke at a committee interactive...
The Central Bank of Nigeria (CBN) on Monday explained how the COVID-19 pandemic contributed to the recent devaluation of Naira against the United States Dollar. The...
Investors at the Nigerian capital market lost N10 billion following the drop in equity capitalization by 0.04 percent at the close of trading on Monday. The...
Co-founder of payment firm, Flutterwave, Iyinoluwa Aboyeji, has stated that Nigeria is more business friendly when compared to most African markets. But Ripples Nigeria findings show...
Every week comes with a new stocks-to-watch list, and this week consist of Champions Brew, Oando, MTN Nigeria and Airtel Nigeria. Their inclusion is determined by...
Following the news of plans to trade dollars online, the naira gained its highest against the dollar in the official market in almost a month. According...
