The Department of Petroleum Resources (DPR) granted licences to 14 private investors to build refineries in the country last year. The agency disclosed this in its...
On Friday, Nigerians woke up to the news that the price of petrol in the country has been increased to N212.61 per litre. The increment was...
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...
Nestle S.A invested N3.69 billion into Nestle Nigeria to tighten its control at the Nigerian food and beverage company. The capital investment increased the Switzerland-based holdings...
During the just concluded trading week, over 1.67 billion shares worth N23.54 billion exchanged hands in 21,732 deals. This shows less activities occured in the capital...
Against the backdrop of epileptic power supply, manufacturers in Nigeria spent a total of N143 billion generating their own electricity in 2019 and 2020. The figure...
The Naira ended the week trading at N485 against the dollar, N5 or 1.04 percent lower, in the black market, when compared to the 480 it...
Investors in Nigeria’s stock market lost N25.47 billion following the plunge in the equity capitalization at the end of trading on Friday. The market closed with...
The Petroleum Products Pricing Regulatory Agency (PPPRA) has said the petrol price template published on Friday was only an indication of current market trends. In a...
Effective March 15, Nigerians, who make use of the Unstructured Supplementary Service Data (USSD) shortcode for financial transactions, may experience difficulties in carrying out their transactions....
The Securities and Exchange Commission (SEC) said Nigeria’s rising debt is a threat, but the Finance Minister of Nigeria, Zainab Ahmed, said the borrowing will continue...
The Executive Vice-Chairman (EVC) of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, has said that the commission and the Central Bank of Nigeria (CBN) were...
Against all odds, Bitcoin continues to trade high while the Nigerian Stock Exchange (NSE) struggles to keep investors. The capital market in Nigeria has mostly been...
Minister of Finance and Budget, Zainab Ahmed, has told the Nigerian Stock Exchange (NSE) to improve its retail investment, to position the capital market as an...
Naira on Thursday gained against the dollar at the Investors & Exporters (I&E) window of the foreign exchange market to close at N409 to the dollar...
The federal government has increased the cost of fuel at the pump to N212 per litre. This was announced in the March pricing template by the...
Nigerian stock market closed with N20.24 trillion in equity capitalization at the end of trading on Thursday. This was N122.47 billion lower than the N20.36 trillion...
The Federal Government on Thursday announced plans to unbundle the Nigeria Postal Service (NIPOST) to three companies to boost its operation. The Minister of Communications and...
African startups have raised $546 million from investors in the first three months of the year. The figure was higher than the total amount raised by...
MRS Oil Nigeria has released its revenue projection for the second quarter of 2021, with the company projecting a rebound in revenue after it was pummeled...
Data war had no winner in January 2021, as all network providers lost in the first battle of the year. The clash cost the telecoms industry...
The last 24hours have been one hell of a battle between cryptocurrency Bitcoin and Gold, as both assets struggled to be the most valuable asset amongst...
MTN group says it is yet to repatriate R4.2bn (over N106bn) profits made from Nigeria back to South Africa due to the challenge of accessing foreign...
Republic of Benin and the Nigerian government have entered into a pact to stop the West Africam country from importing rice, as the government of Benin...
After hitting two consecutive days of low, on Wednesday, the naira crept to a gain at the Investor and Exporter window. Data from the FMDQ Security...
The Central bank of Nigeria (CBN) has revealed, that Nigeria paid off $5.76 billion as external debt service from January to December in 2020, this is...
The Nigerian stock market returned to a positive note on Wednesday as the equity capitalisation increased to N20.36 trillion at the end of trading. This was...
The Nigeria Inter-Bank Settlement System Plc (NIBSS) has declared its intention to launch a Quick Response (QR) code-driven payment solution as it looks to enhance payment...
The Department of Petroleum Resources (DPR) says it shutdown 86 Liquefied Petroleum Gas (LPG) plants in Lagos State in 2020 for operating illegally. Mr Paul Osu,...
The Nigerian Stock Exchange (NSE) has been given approval to transition into a non-operating holding company, which will lead to the creation of Nigerian Exchange Group...
January was a disappointing period for Nigerian telecommunications companies in the consumer market, especially for MTN Nigeria and Airtel. Both networks lost the highest subscribers, with...
The Transmission Company of Nigeria (TCN) on Tuesday, March 9, said the ongoing projects being executed by the company would boost the national power grid by...
Justice Oluremi Oguntoyinbo of Federal High Court, Lagos, on Tuesday refused to vacate her interim Mareva injunction made on January 25, 2021 directing 20 banks to...
In 2020, a total of N577.61 billion worth of manufactured goods went unsold in Nigeria, while investment into the Manufacturing sector also declined significantly to N118.52...
As feared, the Naira is inching closer to N500 mark this week, as Nigeria’s currency fell by another N2 or 0.42 percent to close at N484...
The second day of trading at the Nigerian stock market witnessed the return of the bearish situation following a dip in equity capitalisation on Tuesday. The...
Nigeria recorded a 10.3 percent decline in foreign trade last year, the National Bureau of Statistics (NBS) said on Tuesday. In the Foreign Trade in Goods...
Nigeria’s spend on importation of arms and ammunition has increased 2,475 percent to 57.9 billion from the N233.3 million spent in 2017. This was contained in...
Amid several trade activities last week, few companies in the Nigerian stock market caught the eyes of Ripples Nigeria Stocks Watchlist through their capital market activities....
The National Bureau of Statistics (NBS) said the value of Nigeria’s total trade for the twelve months period of last year was N32.42 trillion. This is...
Interest expense of United Bank for Africa (UBA) fell by 7.9 percent in 2020, analysis of the company’s financial statements showed. Interest expense, which is a...
Crude oil prices fell on Monday evening after pushing above $70 a barrel in the early hours, as dust from Saudi Arabia attacks settled. In the...
Naira depreciated against the dollar on the black market on Monday by N2, according to data gleaned from abokiFX.com, a website that collates parallel market rates...
The Nigerian Stock Exchange rebounded from last week’s bearish situation with the equity capitalisation hitting N20.61 trillion on Monday. The equity capitalisation was higher than the...
The African Development Bank (AfDB) has approved two research grants worth $1.3 million to boost African women’s access to loans and micro-insurance. The grants, $1 million...
The Department of Petroleum Resources (DPR) has reviewed five terms of gas development under the Production Sharing Contracts (PSC) in the country. The DPR Director, Sarki...
Industrialists and Manufacturers on Monday, March 8, said the Naira 4 Dollar Scheme, an initiative by the Central Bank of Nigeria to encourage diaspora remittances would...
Last year posed a great challenge for many businesses in Nigeria. The business community had started 2020 with their usual style of brick and mortar operation,...
Crude oil price opened the week on Monday trading at $70 per barrel more than two percent it traded on Friday following reports of attacks on...
On Saturday, the Central Bank of Nigeria (CBN) took to its website to announce the introduction of the CBN’s “Naira 4 Dollar Scheme” for Diaspora Remittances...
