Securities and Exchange Commission (SEC) has expressed concerns that many young Nigerians are showing more interest in foreign stocks than local stocks. According to the commission,...
The capital market ended with investors losing N40 billion due to a decline in Thursday’s N20.47 trillion equity capitalisation, which dwindled to N20.43 trillion on Friday....
Agric-tech company, Thrive Agric, has finally repaid investors a year after the company was accused of failing to pay initial investment and interest on the investment...
Ratings agency Moody’s has revealed it has placed First Bank of Nigeria deposit ratings on review for downgrade, after the central bank sacked the board of...
MTN has added another country to its public listing roaster after its subsidiary in Rwanda went public in the Central African country. MTN Rwanda listed its...
Zenith and Access banks have been named among banks to be showing interest in the remaining shares of Atlas Mara in some African banks, which also...
Osaretin Demuren, the outgoing chairman of Guaranty Trust bank has been extended for another three months as the president of the Bank Directors Association of Nigeria...
Nigeria’s naira weakened against the U.S. dollar at the Investors & Exporters (I&E) window of the foreign exchange market on Thursday, according to data from the...
The Nigerian Insurers Association (NIA) has revealed that insurance companies paid N4 billion as claims arising from over 2,000 businesses affected by the #EndSARS protests. Mr...
Shareholders of First Bank and investors are still battling with uncertainty following the leadership tussle and clampdown by Central Bank of Nigeria (CBN) which led to...
Investors’ losses seem to have no end in the past few days as the equity capitalisation Thursday fell to N20.47 trillion, thereby costing shareholders about N160...
Nigerian farmers will be getting all the support they need in the cultivation of maize this year as Governor of the Central Bank of Nigeria (CBN),...
The Central Bank of Nigeria has announced a new decision on its Naira for Dollar Scheme scheduled to end on Saturday, May 8. The scheme designed...
Nigerian Breweries reported a significant rise in revenue for the first quarter of this year, but marketing expenses and cost of sales is biting into the...
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s foreign exchange reserves rose by 0.17 percent in the month of April. Data obtained by Ripples...
Access Bank has renamed Grobank Limited, the South African lender it recently acquired. The change in brand name occurred as the Nigerian lender acquired a majority...
Nigeria’s currency on Wednesday strengthened marginally against the dollar by 0.12 percent at the official foreign exchange market. The gain occurred as foreign exchange daily turnover...
Ethereum co-creator, Vitalik Buterin, has become the world’s youngest cryptocurrency billionaire seven years after dropping out of school and eight years after creating the cryptocurrency. Buterin...
The stock market continues to decline two days after the Workers’ Day holiday, as the equity capitalisation declined to N20.63 trillion on Wednesday, against the N20.83...
The Chairman of Transcorp Group, Tony Elumelu has made suggestions on how to resolve issues facing the power sector. Elumelu also disclosed that in order for...
On Wednesday morning, Oil prices increased to the highest level for over a month propelled by the news of economic and oil demand rebound in the...
Abbey Mortgage Bank has recorded a Profit-Before-Tax of N76 million in Q1 2021. This is a positive deviation from the loss position of N4 billion as...
The underdog in cryptocurrency market, Dogecoin, has now become more valuable than Nigerian stock market, which is the biggest investment market within the country. Since January,...
After the public holiday, Naira weakened again against the U.S. dollar at the investors and exporter window of the foreign exchange market on Tuesday. According to...
The Central Bank of Nigeria (CBN) has issued a warning to Nigerians to desist from defacing the Naira currency. This warning was issued by Mrs Dorothy...
Omobola Johnson has been appointed by Guinness Nigeria as its chairman, following the retirement of Babatunde Savage from the position. Savage had informed the company of...
Following the public holiday for the celebration of International Worker’s Day, the Nigerian capital market opened to over N10 billion loss as the equity capitalisation slightly...
The director-general of the Budget Office, Ben Akabueze, has lamented that the federal government of Nigeria spends 75 per cent of its yearly budget on salaries...
Already in its final stage, Guaranty Trust Bank (GTBank), will any moment announce a successor to the outgoing managing director/chief executive officer, Mr. Segun Agbaje. In...
Bitcoin price soared high on Monday after Ebay announced it is planning to start accepting the most popular cryptocurrency, as it prepares to join PayPal and...
The status quo of the telecommunications market was flipped in March after struggling company, 9mobile, gained against market giants MTN Nigeria and Airtel, as well as...
The business community was entertained by confrontation between regulators and companies last week. The companies involved in this faceoff didn’t come out as winners, as shareholders...
The no-flight ban placed on domestic airline company, Azman, has been lifted by the Nigerian Civil Aviation Authority (NCAA). The ban by NCAA had lasted for...
MTN Nigeria’s data revenue slowed in the first quarter of 2021, while its voice revenue rose faster in the same period when compared to the corresponding...
Experts in the financial sector have called for collaborative efforts among microfinance banks (MFBs) to promote the expansion of microinsurance to deepen financial inclusion. The experts...
The Federal Government of Nigeria has put up the power generating companies in the country for sale. The federal government of Nigeria through the Bureau of...
The disagreement between MTN Nigeria and deposit money banks over Unstructured Supplementary Service Data (USSD) payment affected the earnings of the telecommunications company. Ripples Nigeria gathered...
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 Securities and Exchange Commission (SEC) has reiterated that Oando Plc’s Annual General Meeting (AGM) stands suspended in the latest twist in the long-running battle between...
What profitable opportunities do investors see in a problem market? Due to COVID-19, the US government has closed most businesses. People work from home, communicating only...
Honeywell Flour Mills has questioned a statement by Godwin Emefiele, Governor of Central Bank of Nigeria (CBN) that it defaulted on its loan from First Bank...
One of the sacked board members of First bank OF Nigeria, Mrs Ibukun Awosika, has taken to social media to react to the Central bank of...
The Nigerian bourse closed with a gain of N195.32 billion market after the market capitalisation rose from N20.65 trillion of Thursday, to N20.84 trillion reported by...
FBN Holdings has confirmed that it has obeyed the directive of the Central Bank of Nigeria (CBN) to reinstate its sacked Managing Director and Chief Executive...
The forex turnover rose significantly by 229.24 percent, as the Naira’s exchange rate appreciated marginally against the dollar at the official market on Thursday. According to...
At the end of the first quarter in 2021, the capital market recorded more domestic participation than foreign, as investors from both side of the divide...
The Central Bank of Nigeria has assured depositors with First Bank not to panic that their money is safe. CBN Governor, Godwin Emefiele’s issued a statement...
The stock market reacted negatively to the faceoff between the Central Bank of Nigeria and First Bank, as shareholders dumped shares of the lender, an investors...
Following what many analysts have described as shocking, the Central Bank of Nigeria (CBN) has listed reasons why it took the decision to sack all the...
In one day, the Nigerian capital market regained the previous day loss of N274.23 billion after investors recorded N355.72 billion gain on investment on Thursday. The...
