The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria. Mr Paul Osu, Head, Public Affairs, DPR, made...
Financial institutions have been issued a new directive by the Central Bank of Nigeria (CBN) as the apex bank extends its clampdown on bad debtors beyond...
Nigeria is to benefit from oil-rich Qatar, as the Arab country plans to invest $5 billion into Africa’s largest economy. The investment decision was made following...
The Naira appreciated by N3 against the US Dollar at the black market of the foreign exchange (forex) market on Monday, to close at N482. This...
The capital market’s share value declined by 0.40 percent on Monday as investors undervalued stocks pushed the All Share Index to 38,712.55. This was below the...
The Chief Executive Officer of Guaranty Trust Bank (GTBank), Olusegun Agbaje, is to earn over N124.8 million for the twelve months period of last year financial...
On this week’s Ripples Nigeria Stocks Watchlist, five companies were selected; MTN Nigeria, Dangote Sugar, BUA Cement, Japaul Gold and Guinness. These companies were selected based...
As bitcoin continues to struggle to remain above $60,000, retail, institutional and high networth Investors are edging it on with their activities in the cryptocurrency market....
The total value of pension assets in the country dropped by N51.30 billion in February, the National Pension Commission (PENCOM) has said. In a figure obtained...
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 mainstream...
Naira closed the week stronger to the dollar after four days of trading at the I&E window of the foreign exchange market. Naira had opened the...
The Nigerian Stock Exchange ended the week’s trading on a bright note following the rise in the market capitalisation from N20.30 trillion to N20.33 trillion at...
It has been cricket sound in the cryptocurrency space in Nigeria since the Central Bank of Nigeria (CBN) clamped down on the market in the first...
Dangote Sugar has been accused of price fixing by BUA Group. The competitors have been at loggerheads over market dominance, but the rivalry took a different...
Exchange rate of Nigeria’s currency, the Naira, on Thursday closed at N409.65k as against N411.00 it closed on Wednesday at the Investors and Exporters (I&E) forex...
Months after the Central Bank of Nigeria (CBN) banned cryptocurrency trading in the country, the Securities and Exchange Commission (SEC) has also called on the Nigerians...
The Nigerian National Petroleum Corporation (NNPC) on Thursday,revealed its plans to resume active oil exploration in the Sokoto Basin area. This was contained in a statement...
The Central Bank of Nigeria (CBN) has secured series of court orders to freeze 194 bank accounts owned by Bureaux de Change and some firms. The...
The Nigerian stock market continued its slow growth with the market capitalisation increasing from N20.28 trillion to N20.30 trillion at the close of business on Thursday....
MTN has raised N73.50 billion to finance its operation. The capital was raised through bond issuance of series III and Series IV under the commercial paper...
About $3.2 billion was paid to the Nigerian government and its agencies in 2020 by Royal Dutch Shell, the parent company of the Nigerian subsidiary Shell...
Nigeria’s currency on Wednesday weakened further by 0.12 percent following strong demand at the Investors and Exporters (I&E) forex window. After trading on Wednesday naira/dollar exchange...
Nigeria’s national oil company, the Nigerian National Petroleum Corporation (NNPC), has several subsidiaries, two partly owned subsidiaries and 16 associated companies. Among these subsidiaries are Duke...
Telecoms company, MTN Nigeria, has agreed to return to the old percentage for commission on Unstructured Supplementary Service Data (USSD) to Nigerian bank, after a meeting...
The Central Bank of Nigeria (CBN) is to freeze the bank account of Belfour Oil and Gas Limited, Kacynaus Reality Nigeria Limited and many others after...
The Nigerian Stock Exchange rebounded on Wednesday as the market capitalisation rose slightly to N20.286 trillion at the close of business. The equity capitalisation at the...
The Minister of Agriculture and Rural Development, Sabo Nanono, said on Wednesday Nigeria generated $150 million from the export of coconut oil and its derivatives in...
Last year turned out to be a disappointing period for many oil companies, and Seplat Petroleum was one of them as it also recorded significant losses....
The former Permanent Secretary in the Federal Ministries of Internal Affairs, Ajoritsedere Awosika, has acquired 7.10 million shares in Access Bank. Awosika splashed N57.9 million into...
The Lagos Chamber of Commerce and Industry (LCCI) has revealed why many graduates are unemployed. According to National Bureau of Statistics (NBS) data, the total number...
The Debt Management Office on Tuesday opened two new Federal Government of Nigeria savings bonds for subscription at N1,000 per unit. According to information obtained from...
The value of Nigeria’s currency dropped by N1.20k or or 0.29 percent on Tuesday after the Easter celebrations at the I&E window of the foreign exchange...
The Nigerian stock market returned from the Easter holiday on a negative note following the dip in the market capitalization at the close of trading on...
The International Monetary Fund (IMF) has predicted a 2.5 percent growth for the Nigerian economy in 2021. In its April World Economic Outlook released on Tuesday,...
The Nigerian National Petroleum Corporation (NNPC) has signed an Engineering, Procurement & Construction (EPC) contract with Tecnimont SpA. The deal is for the rehabilitation of Port...
The Federal government has promised to clear arrears of all pension payments to retired civil servants in the next two months. Chioma Ejikeme, Executive Secretary the...
Nigerian banks got the most from their employees in 2020, on the back of adopting new technologies. Ripples Nigeria analysis of financial statements of eight commercial...
Nigeria and many more countries are likely to receive another COVID-19 relief support as the World Bank president, David Malpass, said extension of debt service is...
The market capitalisation of cryptocurrency rose on Monday to $2 trillion as bitcoin and altcoins price continue to trade strongly. This was reported as the highest...
South Korea’s electronics giant, LG, will discontinue its smartphone business in Nigeria and other countries in the third quarter of the year. In a statement published...
At the end of the first quarter 2021, the top ten most capitalised companies on the Nigerian Stock Exchange (NSE) dipped by 6.82 percent in value,...
Kenya is the most attractive destination for Japanese firms seeking to make new investments in Africa, a survey has shown. The survey carried out by Japan...
Shoprite Holdings has finalised plans to sell its Nigerian subsidiary, Retail Supermarkets Nigeria Limited, under which Shoprite Nigeria operates. The winding up of the company’s operations...
As the Nigerian stock market continues to underperform and cost investors billions in share value, there are companies whose capital market activity and off-market decisions need...
Banks in Nigeria have reconnected mobile network giants, MTN to banking channels including the Unstructured Supplementary Service Data (USSD) and banking apps. The banks disconnected MTN...
The stock market closed for the week on Thursday due to the Easter break announced for Friday, April 2, 2021 and Monday, April 5, 2021. This...
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 World Bank has stated that Nigeria made an early exit out of recession than projected in its October 2020 forecast for Sub-Saharan Africa (SSA). This...
Despite the Central Bank of Nigeria warning to banks on staff lay-off, eight lenders in the country sacked at least 3,754 workers last year, Ripples Nigeria...
The Ghanaian cedi has emerged the best currency in Africa for the first quarter of 2021, according to data from Databank Research. Ghana ended the first...
