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...
The Federal Inland Revenue Service (FIRS) has said it will appeal the judgement barring it from collecting Value Added Tax (VAT) in Rivers State. The tax...
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...
Investments into the Nigerian Exchange hit N12.58 billion in five days following trade off of 1.61 billion shares in 18,622 deals this week. This was below...
The Central Bank of Nigeria (CBN) has assured Nigerians that the economy will recover to the level it was before the administration of President Muhammadu Buhari...
The discussions on payment of fuel subsidy and its attendant ripple effects continue as the Federal Government on Friday rejected the recommendation by the Nigeria Governors’...
The market capitalisation rose by 0.08 percent at the end of trading in the Nigerian Stock Exchange (NSE) on Friday. The earned investors at the bourse...
One of world’s leading consulting firms, PricewaterhouseCoopers (PwC), has projected 93 percent rise in the Nigerian Entertainment and Media (E&M) industry’s revenue in the next four...
In a bid to increase available liquidity, telecommunications company, MTN Group, is selling off assets, while also abandoning some to force out its market exit. The...
The Bankers’ Committee has lamented that some customers are using expired travel tickets and fake passports to procure forex from commercial banks amid sales restrictions to...
The Central Bank of Nigeria (CBN) and the bankers committee have announced plans to digitalize the sale of foreign exchange, which will greatly simplify the cumbersome...
Investors in the Nigerian stock market traded 570.20 million shares worth N2.28billion on the floor of the bourse on Thursday. This surpassed the 181.41 million shares...
The Central Bank of Nigeria (CBN) is expected to collect N13.5 billion as bank charges for the purchase of military equipment in the country. President Muhammadu...
The National Pension Commission (PenCom) has confirmed an increase in the country’s pension fund for the month of May. In the industry report posted on its...
Cinemas across the country recorded massive patronage from Nigerians in the first week of August. According to data from the Cinema Exhibitors Association of Nigeria (CEAN)...
The Central Bank of Nigeria (CBN) liquidity push to commercial banks has failed to keep the demand pressure away as Naira falls to N515/$ in the...
The Nigerian National Petroleum Corporation (NNPC) has reported a N473.3 billion operating loss on three idle refineries in Warri, Port Harcourt, and Kaduna in the last...
Amid reports of Aliko Dangote refinery takeover by the Nigerian government over a $7 billion debt, Dangote Cement and Dangote Sugar have continued to trade flat...
The Nigerian capital market extended its bullish trend on Wednesday with the major indices returning positive outputs at the close of trading. The market capitalization was...
On Monday, the Federal High Court ruled that the collection of value added tax (VAT) sales taxes, education tax and levies by any Federal Government agent...
Companies doing business in Nigeria paid a total sum of N864.72 billion as company income taxes in the first half of the year. This was contained...
The Naira to US Dollar exchange rate remained unchanged on Tuesday in both the parallel market and the Investors and Exporters (I&E) segments of the foreign...
The Federal Government has set aside N4.87 billion for tracking of Whatsapp and telephone calls by security and intelligence agencies in the country. Ripples Nigeria analysis...
Investors in the Nigerian capital market gained N320 billion after the bourse rebounded from the previous bearish situation on Tuesday. The market capitalization was by 1.59...
Africa’s richest man, Aliko Dangote, has dropped three places on Bloomberg’s Billionaire Index following the decline in his company, Dangote Cement’s market value. Dangote, who started...
In the first half of 2021, Nigeria generated over N1 trillion in Value Added Tax (VAT), the highest amount in nine years, delivering a significant boost...
The Naira remained stable against the US Dollar on Monday in all areas of the foreign exchange (forex) market. Data from FMDQ Securities Exchange showed the...
The Federal Inland Revenue Service (FIRS) has been ordered to stop demanding and collecting value-added tax (VAT) and personal income tax (PIT) across Nigeria. A federal...
Investors in the Nigerian capital market lost N130 billion at the close of business on Monday. This followed the drop in the market capitalization to N20.09...
Street currency traders began the new week selling U.S dollars to their customers at N510 to a U.S dollar, check by Ripples Nigeria have shown. Last...
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...
Nigeria’s Securities and Exchange Commission (SEC) said it had won its court case against capital investments firm, Bara Finance & Investment. SEC had sued Bara Finance...
The Nigerian National Petroleum Corporation (NNPC) has declared a N43.57 billion trade surplus for April 2021. This is a 23.64 percent increase over the N35.24 billion...
As the capital market sets to enter a new week, Africa Prudential stock is in a bearish state, and it will be carrying a red flag...
The stock market surpassed last week’s investments of 1.930 billion shares valued at N20.656 billion, which was exchanged in 24,687 deals. In a market report for...
Forex market liquidity at the Investors’ & Exporters’ (I&E) window recorded a 6.64 percent drop in the month of July, data posted at the FMDQ Securities...
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...
The Nigeria Customs Service said on Friday only the items imported by President Muhammadu Buhari are exempted from taxes and duties in the country. The Deputy...
Investors at the Nigerian stock market traded shares worth N1.66 billion during trading on the floor of the bourse Friday. The investors traded 167.77 million in...
The multi-national integrated oil and gas company, TotalEnergies Nigeria, and four firms in the sector paid a combined sum of N711.3 million as rents on office...
The decision by President Muhammadu Buhari’s government to suspend Nigerians from accessing Twitter has so far cost the business in Nigeria at least N153.43bn. The ban...
Oil and gas company, Seplat Energy Plc, has over N22 billion in Nigerian commercial banks that it can’t access amid a debt profile of about $700 million. Both...
Bitcoin holders pocketed $32.26 billion on Monday following a 4.38 percent rise in their investment in the most popular cryptocurrency. Three months after Tesla founder, Elon...
Investors at the Nigerian stock market lost N65.8 billion following the drop in equity capitalization at the close of trading on Thursday. The equity capitalization slipped...
Like its industry rivals, MRS Oil Nigeria is recovering from the COVID-19 pandemic that knocked revenue into the sector down in the First Half of last...
Black market speculators were again forced to count their losses as Naira appreciated against the U.S dollar to N506/$ Wednesday at the parallel market. Some of...
The Federal government has announced eight successful winners from a pool of 38 bidders as transaction advisers for the sale of it’s $6.2 billion Eurobond. Eurobond...
The First Half [H1] of 2021 is cost saving season for Conoil management, as the board took a pay cut amid rising expenses on production of...
The major indices of the Nigerian stock market recorded marginal growth on Wednesday, the taking the bourse positive output to four consecutive trading sessions. This followed...
The Federal Executive Council (FEC) on Wednesday approved contracts worth $1.4 billion for the rehabilitation of the Warri and Kaduna refineries. The Minister of State for...
