Indian companies’ financial commitments to their subsidiaries and joint-ventures in Nigeria reached $1.44 million (N591.84 billion) in the first two months of this year. Data from...
Financial experts and businessmen have criticised the “Naira for dollar” incentive initiated by the Central Bank of Nigeria (CBN). The apex bank had directed deposit money...
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...
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of Diaspora remittances into the country. The CBN’s Director of Trade...
Finanrcial Services Industry (measured by volume) Investors traded more shares during trading last week, as the Nigerian Stock Exchange (NSE) reported a total turnover of 2.092...
The week did not only end the month of February but went ahead to end Jack Ma’s hold on the title as being the richest man in China. Opening the...
One of the most prominent lawsuit in cryptocurrency history has begun, and it involves the founder of McAfee computer security software, John McAfee and the US...
Despite the rise in crude oil prices this week, the sustained demand for dollars in the foreign exchange market means Nigeria’s currency ended the week 0.18...
The African Development Bank Group (AfDB) on Friday signed a $400,000 agreement with the Securities and Exchange Commission (SEC) to strengthen securities market regulation in the...
The equity capitalization at the Nigerian Stock Exchange (NSE) dropped to N20.57 trillion after N17.2 billion was wiped off during trading on Friday. The market capitalisation...
The Nigerian Electricity Regulatory Commission (NERC) on Friday directed the Electricity Distribution Companies (DisCos) to replace over three million faulty and obsolete meters for their customers....
The Food and Agriculture Organization of the United Nations (FAO) has disclosed that global food commodity prices rose for the ninth consecutive month in February, with...
The Federal Inland Revenue Service (FIRS) has revealed that no fewer than 1,800 new staff were recruited in the last one year. The Executive Chairman of...
The Nigerian Government has been earning more than it earmarked for the 2021 budget due to the rising prices of oil. The Federal Government’s budget had...
Nigeria’s currency on Thursday recorded 1.1 percent appreciation to close at N406.50 against the dollar. This represents a N4.50 gain when compared to N411 recorded on...
The high level of risk in bitcoin has limited the number of companies from the private sector holding bitcoin as a form of asset. Many are...
The Lagos State government has signed a joint venture deal with Chinese firm, CIG Motors, for a Vehicle Assembly Plant. The deal will open a new...
The Organisation of Petroleum Exporting Countries (OPEC) on Thursday commended Nigeria for achieving full conformity with the oil production cut in January. OPEC gave the commendation...
Investors at the Nigeria Stock Market (NSE) lost at least N82.4 billion during trade on Thursday. The market capitalisation plunged from N20.67 billion to N20.59 trillion...
Despite millions of Nigerians groaning in darkness, a total of 1,671.61 megawatts (mw) meant for electricity consumers were unutilised by distribution companies (Discos) between 4th January...
As Nigeria continues to struggle with high unemployment and poverty rates, aggravated by the public health challenges from COVID-19, experts in the country’s business sector have...
Nigeria’s currency on Wednesday signaled a return to the green at the Investors and Exporters (I&E) forex as Naira close at N411 per dollar, a marginal...
The International Air Transport Association (IATA) said African airline business has gone from bad to worse as African airlines recorded 66.1 percent decline in passenger traffic...
The nominee for United States’ Securities and Exchange Commission (SEC), Gary Gensler, has described bitcoin as a catalyst for change. Gensler said while SEC under his...
The Central Bank of Nigeria (CBN) has extended its forbearance on intervention loans obtained from the apex bank. A new regulatory directive was issued following the...
In a country like Nigeria where consumer protection is weak, shrinkflation thrives, with regulators unlooking as Fast Moving Consumer Goods companies rob their customers legally. Shrinkflation...
Jumia recorded a 12.9 percent revenue shortfall in 2020. In the company’s financial report for the year ended December 31, 2020, obtained by Ripples Nigeria on...
Investors in the Nigerian Stock Exchange (NSE) lost N91.85 billion as the bearish run in the market continued on Wednesday. At the end of trading, the...
The Federal Government has signed a 1.4 billion dollar agreement with OCP Group of Morocco to produce ammonia and diammonium phosphate in the gas industrialisation strategy....
11 plc has extended its timeframe for exit consideration for shareholders as it nears delisting date from the Nigerian Stock Exchange (NSE). The extension will give...
Banking sector’s credit to the private sector rose by N 409.18 billion or 1.35 per cent to N30.55 trillion as of January 2021, compared to the...
Bitcoin is now comfortably sitting above the $50,000 mark after losing over $10,000 in February following a bull run from the fourth quarter of 2020 to...
The exchange rate between the naira and the United State’s Dollar closed at N411.63/$1 at the Investors and Exporters window on Tuesday, March 2. This represents...
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has revealed, that during the past wet season in 2020, 221,450 farmers cultivated 221,450 hectares in...
Investors in the Nigerian Stock Exchange (NSE) lost N122.34 billion on Tuesday as the equity capitalization slipped to N20.76 trillion at the end of trading. Trading...
Blackman & Consultancy Limited and CBO Capital Limited have finally sold off part of their shares to save Ellah Lakes from possible delisting from Nigerian Shock...
For a Nigerian to break into the one percent population of the wealthy, it will now take a net worth of $70,000 (N28.7 million), according to...
Shoprite employees have protested unpaid gratuity, as they accuse the South African-owned supermarket of selling off the Nigerian subsidiary without seeing through their memorandum of understanding...
The month of love left blood stains in its path as February put its fangs on investors, causing them to record their biggest loss since March...
Cryptocurrency popularity among Nigerians is growing fast and this has increased its adoption for wealth creation or transaction, despite the Central Bank of Nigeria’s (CBN) clampdown...
Nigeria’s currency, the naira, on Monday strengthened against the dollar by 0.26 percent at the Investors and Exporters (I&E) forex window to close at N409.2/$1. On...
The Transmission Company of Nigeria (TCN) has stated that the power sector has recorded an all-time national peak of 5,615.40MW. A statement issued on Tuesday, March...
Jim Ovia, founder and Chairman of Zenith Bank Plc, is set to pocket N15.21 billion in dividends from profits made by Zenith Bank in 2020. Zenith...
The Nigerian stock market started the month on an upward swing on Monday as equity capitalisation increased to N20.89 trillion. The stock market closed on Friday...
Foreign investment into the nation’s stock market dropped to N36.7 billion in January. The Nigeria Stock Exchange disclosed this in its report on monthly domestic and...
MTN Nigeria generated N1.34 trillion last year, recording a growth when compared to its 2019 earnings, but analysis of the telecoms financial statement showed MTN Nigeria...
Dangote Sugar has released its financial statement for the year ended December 2020, which disclosed the company’s revenue rose by 33.03 percent in twelve months, despite...
The Federal Government has entered into a partnership with Crown Flour Mill (OLAM grains) to expand wheat production in the country, according to the agriculture minister,...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised Nigerians to stop panic buying and stocking Premium Motor Spirit (PMS) popularly known as petrol. Alhaji...
During trading last week, there were five companies that got caught the eye of Ripples Nigeria with their trading activities and corporate decisions, which investors need...
