The Niger Delta Avengers (NDA), claims its members had successfully carried out an attack in the early hours of Tuesday, destroying Chevron’s export pipelines to the...
Two months to the end of the year, the Cross River State House of Assembly has reduced the state’s 2016 budget from N303 billion to N259.1...
In what looks like a confirmation of speculations over the past weeks, the Nigerian National Petroleum Corporation (NNPC) has admitted that the current market price of...
Vice President Yemi Osinbajo has said that despite the current drop in electricity generation capacity of the country, the targeted 7,000MW will be achieved by 2017....
After losing N91 billion last week, Nigerian equities reopened on Monday on the downside as emerging third-quarter earnings failed to stir substantial investors’ appetite needed to...
Zenith Bank Plc has just released its unaudited results for the nine-month period ended September 30, 2016 with profit before tax rising by 16.6 per cent...
Nigeria’s economic recession has continued to bite harder with the Dangote Group sacking 36 expatriates and 12 Nigerian workers. Dangote group is one of the highest...
The much anticipated 15 per cent jump in the volume of funds accruing to the national pension commission (Pencom) this year may not be realistic after...
The Senate has suspended its planned debate on the Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) this week. Instead, the leadership of...
The inability of Nigerian government to fully explore the revenue potentials in the solid mineral sector, coupled with banks’ unwillingness to advance loan facilities to the investors have been depriving the country of an estimated $2.65 billion...
Emerging third quarter earnings failed to stimulate investors’ appetite as Nigerian equities suffered a net capital loss of N91 billion last week, a week that saw most...
Contrary to belief that it is only the oil and gas sector that has been putting the banking sector at high risk with non performing loans, it has now been...
The Nigerian Deposit Insurance Corporation (NDIC) has disclosed that a total of about N2.54bn, belonging to ministries, departments and agencies (MDAs) of the federal and state...
Barring last minute changes, Nigeria’s debt profile will rise further by November 2016, as it has concluded plans to obtain a N13.5bn loan-facility from France for...
For her critical role in directing the economy of Nigeria for close to eight years, former Minister of Finance, Mrs.Ngozi Okonjo-Iweala, has been appointed a member...
If things go as planned, the 2017 Federal budget will be implemented from January 1 2017, the Presidency has said. The Presidency also disclosed on Friday...
In a bid to regain its lost impact on the international oil market, Nigeria has opted to slash the official selling price of the country’s crude...
The much anticipated take off the concession of railway services in Nigeria by the end of October 2016 could not be actualised followed a last-minute disagreement...
States and local governments in the country may be in for more hard times as allocation from the Federation Account dropped by over N80 billion for...
Nigerian equities halted a three-day downtrend on Thursday as investors upped demand for Guaranty Trust Bank (GTBank) Plc, which announced impressive growths in earnings in the...
The Senate has warned of possible plane crashes in the country, if the Federal Government does not take urgent steps to fix the ailing aviation industry....
A major survival threat may hit the Nigerian Liquefied Natural Gas (NLNG) as a major oil giant in Nigeria, Shell, announced putting finishing touches to a...
Total turnover at the Nigerian Stock Exchange (NSE) nosed down to 81.91 million shares valued at N592.52 million in 2,520 deals, a significant decline in a...
The Senate on Tuesday, revealed that investigation into the alleged repatriation of $13.9 billion by MTN Nigeria has begun. The Red Chamber has also revealed that...
The American oil giant, ExxonMobil Oil Corporation has reached firm agreement to sell its majority equity stake of 60 per cent in Mobil Oil Nigeria Plc...
For the second consecutive trading session, Nigerian equities remained on the downtrend as emerging third quarter earnings failed to quicken investors’ appetite for quoted shares. After...
Uneasy calm has gripped senior officials of the Nigerian Immigration Service, over the failure to implement government new policy on no-visa entry for investors. The issue...
Nigeria’s debt profile has risen to $13.5 billion in September, from $11.26bn in June 2016, recording an increase of 20.5 per cent within four months. According...
Nigeria may just be on the verge of overcoming its economic recession, which has been occasioned by a scarcity of dollars, due to dwindling oil revenues...
Nigerian equities came under intense sell-off as the stock market reopened on Monday amidst rising inflation and shrinking disposable incomes. As against the modest topsy-turvy nature...
Nigerian construction industry woke up on Saturday to an astronomical 60.5 per cent rise in price of cement, going for N2, 600, a bag from N1, 600, in Lagos and more in other parts of the country. Most companies handling construction works...
Nigeria has lost its former gains on the World Economic Forum (WEF) rankings on countries that have conducive environment for doing business, reducing from 124, in...
The annual inflation rate in Nigeria increased to 17.9 per cent in September, the highest in more than 11 years, from 15.5 per cent in February...
In desperation to fight scarcity of dollars, Nigerian banks have placed indefinite suspension on depositors’ use of automated teller machine (ATM) card and online services in...
It seems that all attempts by the Central Bank of Nigeria (CBN) to shore up the country’s external reserves have failed as the reserves hit an all time low of $24.21bn in October from $25.8bn in September 2016, according to...
Latest report has shown a strong plan by some African-based airlines to finally dump Nigerian airports in a bid to undermine the country’s role as the main hub of the West African sub-region. The move, described by Nigerian...
Investors increased stakes on Nigerian equities and the Nigerian stock market rose against the downtrend that started this month to a modest gain in the second...
The European Investment Bank (EIB) has entered into agreement with United Bank for Africa (UBA) to perfect a new deal that will see Nigerian private business...
Airline operators in Nigeria can now heave a sigh of relief, especially, if the current move by the Minister of State (Aviation), Hadi Sirika in convincing...
Uneasy calm has now gripped workers of the Nigerian Civil Aviation Authority (NCAA) as the staff auditors from the Ministry of Aviation visited and demanded for the staff list of the establishment for study. A Similar visit was made at the FAAN last week...
Reports emerging from the Debt Management Office (DMO) says Nigeria plans to raise $312.50 million (about N95bn) as its last auction bond market recorded about 25 per cent less yields than anticipated. The DMO in its report of the deal, made available to Ripples Nigeria, indicates that three-ranged local currency bonds were offered for the market reflecting those of: 2021, 2026 and...
The Central Bank of Nigeria (CBN) has thrown more light on why it suspended 19 banks from selling dollar realised from international money transfer services to Bureau De Change in Nigeria. Proceeds from cash transfer through licensed international agencies, like Western Union, Money Gram,...
The selling pressure and momentum of activities intensified on Thursday at the Nigerian stock market as investors remained unexcited by emerging corporate earnings for the third...
Bank workers in the country may be in for a better deal over the security of their jobs as the e Bankers Committee, Wednesday stopped retrenchment...
More facts are coming to light on how the Economic and Financial Crimes Commission (EFCC) declared a business mogul, Goodie Ibru, wanted. News of the development,...
Profit-taking transactions tipped the modest rally that started this week to the negative side by the mid week as investors extended the underlying selling pressure to...
Nigerian government has been warned of the danger in obtaining loans, indiscriminately, from international financial institutions with which to fight recession. The negative impact of the...
The Chairman of Ikeja Hotel Plc, Mr Goodie Ibru, has been declared wanted by the Economic and Financial Crimes Commission, EFCC, over alleged capital market fraud,...
Total export trade from Nigeria declined on average of 26.7 per cent per month by year-on-year statistics till the end of June 2016, according to the...
United Bank for Africa (UBA) recorded modest growths in top-line earnings and profit as the bank grew its profit before tax to N61.6 billion in the...
