The Nigerian Stock Exchange was mostly bearish last week, as investors across several companies engaged in a sell-off to protect their profit, while others dumped shares...
The GIG Logistics delivery app, GIGGo version 2.2.3, continues to enchant users since its first launch into the market in 2019 as a delivery console. With...
The Central Bank of Nigeria (CBN) said on Sunday it would continue to educate Nigerians on the danger associated with cryptocurrency transactions despite criticism by groups...
The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of N13.43billion in November last year. The figure was a 54 percent increase from N8.71billion surplus...
Sterling Bank and Prestige Assurance have both barred their directors and employees from trading in their companies shares at the stock market. The ban, according to...
The decision of the CBN, on Friday, February 5, to issue a mandate to all commercial banks regarding the embargo on the transactions of crypto-currency elicited...
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 first week of February wasn’t good for the Nigerian capital market as the Nigerian bourse lost N300 billion in market capitalisation having opened the week,...
The week ended on a high note, with tension across the tech space when, on Friday, the Central Bank of Nigeria announced the henceforth banning of...
The World Bank has approved a $500 million loan to improve access to electricity in Nigeria and expand the metered network of power distribution companies. The...
Changpeng Zhao, the founder of the largest cryptocurrency exchange platform in the world, Binance, has provided options on how Nigerians can safeguard their money following a...
The Nigerian Electricity Regulatory Commission (NERC) said on Friday 62.63 percent of electricity consumers in the country were on estimated billing as of September 2020. NERC...
The bearish run in the Nigerian capital market continued on Friday as the trading floor on the Nigerian Stock Exchange (NSE) was flooded with profit-taking investors....
The Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu, who announced this in a circular dated February 4, said the airline was suspended...
Twenty six states in Nigeria including Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Katsina, Kebbi, Kogi, and 10 other...
The volume of capital imported into Nigeria in 2020 dropped by 59.65 percent in 2020 dropping from $23.99 billion in 2019 to $9.68 billion in 2020....
The Central Bank of Nigeria (CBN) has reportedly banned the use of Bitcoin and other cryptocurrencies in Nigeria, three months after the country became the second...
Ecobank is planning to raise funds from foreign investors amid declining interest in its shares in Nigeria and falling revenue. The company wants to use the...
The National Pension Commission (PenCom) says the total assets under the contributory pension scheme (CPS) rose by N2.1trillion to N12.3 trillion from N10.2 trillion as of...
Nigerian-owned audit firms are stuck in the shadow of foreign accounting firms known as the Big Four, losing a large chunk of revenue generated in the...
Sustaining Federal Government workforce has cost the country over N25 trillion in 11 years according to data from the budget office analysed by Ripples Nigeria. Although...
The management of Nigerian Breweries has rejected the ruling by the Ondo State High Court which directed the company to pay N169 million as haulage fee...
CBO Capital Partners Limited and Blackman & Company Limited have acquired stakes in Nigerian palm oil company, Ellah Lakes. Ellah Lakes disclosed this in a note...
Investors’ appetite in the Nigerian Stock Exchange (NSE) remained low for the third consecutive days as deals in the capital market dropped to 4,753 at the...
Royal Dutch Shell has expressed concern for its Nigerian onshore oil operations following continued theft and sabotage, describing it as becoming a headache. Speaking to Journalists...
The last six months of 2020 was a bad period for MTN Nigeria, as the company’s telephone subscribers dumped its Y’ellow network within three months. Ripples...
In order to improve investment decisions and identify sectors of Nigerian economy that require government intervention, the Federal Government has partnered with the World Bank to...
The international oil benchmark, Brent crude, rose further on Thursday, trading near $59 per barrel according to data from Oilprice.com. As at 11.00am Nigeria time, data...
Ardova Plc rebounded after previous day loss to lead the top gainers chart at close of market on Wednesday. The Nigerian Stock Exchange closed trading with...
The Economic And Financial Crimes Commission (EFCC) has obtained a court order for the arrest of Managing Director, ExxonMobil Nigeria, Richard Laing. The anti-graft agency had...
Cutix founder, Gilbert Uzodike, has acquired more shares in the electronic company weeks after Cutix released its earnings forecast for the fourth quarter of 2020. The...
Nigerian Communications Commission (NCC) has revealed that network providers, Globacom and 9mobile, failed to meet the industry’s key performance indicators (KPI) in 19 states, while their...
World Bank Senior Economist, Gloria Joseph-Raji, has said Nigerian government’s inability to curb economic challenges will make 15 to 20 million Nigerians poorer by 2022. Joseph-Raji...
Over N6.589 trillion was received by eight oil-producing states from the Federation Account under the 13 percent derivation principle, between 2009 and 2019 according to a...
After failing to meet the December 2020 target, the Dangote Group has set the first quarter 2021 date for the take-off of its fertilizer plant. The...
Investors lost over N200 billion at the close of trade on the Nigerian Stock Exchange (NSE) on Tuesday. Just 24 hours after recording N22.1 trillion during...
Operational cost incurred by companies on Apapa road is about to hit a new low as the connection of Lagos-Ibadan Railway to the Apapa port is...
As Nigerian banks struggle to avoid the Central Bank of Nigeria (CBN) sanction relating to low Loan to Deposit Ratio (LDR) they CBN is not bothered...
The uptick in crude oil price pushes the Federal Government closer to its revenue projection, as tight control on oil production by OPEC members is expected...
Nigeria’s bourse was greeted by high confidence investors after a weekend break, with the equity capitalisation closing Monday’s market with N22.1 trillion. This followed a 1.01...
Peace Mass Transit in January acquired a majority stake in C&I Leasing following the decision of the investor, Actis Nigeria, to exit the company. The investor...
At a period loans to the oil industry are non-performing, Nigerian banks still continue to pump credit into the oil market, with the latest beneficiary being...
Despite reporting 6.3% rise in revenue for fourth quarter 2020, UAC of Nigeria Plc’s earnings was negatively impacted by the EndSARS protest, while its paint segment...
Coronavirus-influenced work from home has driven revenue of Airtel Nigeria from data subscriptions by 26.2 percent for the nine-months ended 31 December 2020 to $397 million...
Nigeria’s three refineries under the management of the Nigerian National Petroleum Corporation (NNPC) have not made any profit or produce a drop of fuel since October...
Nigeria’s external reserves have dropped to $36.34 billion as of January 28, the Central Bank revealed on Sunday. In the latest data released by the apex...
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...
Axa Mansard Insurance Plc, a Lagos-based composite insurance has revealed it grew its assets by 7.5 percent to N99.22 billion for 2020 from N92.28 billion in...
As part of its sustained innovation strides, Africa’s leading logistics company, GIGL, has launched a new service bouquet tagged Class Plan which e-commerce merchants, both local...
This week, wealth management platform, Cowrywise, closed a $3m pre-series A funding, about the biggest news for the week. We saw a cross-industry growth featuring new...
