The Lagos State government on Wednesday signed a Memorandum of Understanding for the construction of a much anticipated fourth mainland bridge to connect the island with...
The upper legislative chamber of the National Assembly on Wednesday initiated moves to unbundle the Nigeria Railways Corporation (NRC). Specifically, the senate hopes to set up...
The House Committee on Privatisation is crossed with the Federal government over the proposed privatisation of the nation’s three refineries, namely: Warri, Port Harcourt and Kaduna...
President Muhammadu Buhari has said that niigeria’s economy is in a volatile situation due to the crash in oil prices. The president stated this at the...
The balance sheets of most of the deposit money banks (DMBs) are bleeding badly as a result of the huge debts portfolio in form of non-performing...
Nigerian equities firmed up on Tuesday as the Central Bank of Nigeria (CBN) in a surprising move dumped its fixed foreign exchange policy and adopted a...
The lower legislative chamber has begun probe of the loss of over $2.9b yearly of tax incentives to foreign companies by the Nigeria government. Justifying the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria at the conclusion of its 3rd meeting for the year on Tuesday decided to hold...
Foreign airlines operating in the country are struggling to free about $575 million in generated revenue trapped in the Central Bank of Nigeria, CBN. To this...
A scramble to take profits on recent steep and sustained gains by several equities and concerns over the possible decisions of the Monetary Policy Committee (MPC)...
A latest audit of the NNPC by the Nigeria Extractive Industries and Transparency Initiative, NEITI, has revealed a fresh fraud of about N2.33 trillion. The report...
In spite of government’s hopes that the removal of subsidy on fuel products will shore up Nigeria’s foreign reserves, the external reserves dropped by about US$200...
Nigerian equities bucked the slowdown in the global equities markets to sustain a five-week consecutive rally with a gain of N214 billion last week as investors await...
The proposal by the Federal Government to invest the N5.4t pension funds in infrastructure development has attracted a lot of criticisms. The fear being expressed by...
The Independent Petroleum Marketers Association of Nigeria at the weekend signed a memorandum of understanding {MoU} with Star Synergy Petroleum Services Limited to expand its mode...
The National Bureau of Statistics, NBS, has released a grim report on Nigeria’s economy, as its Q1 2016 report showed that the nation’s real Gross Domestic...
The Central Bankof Nigeria (CBN) has disbursed a total N55, 456, 161, 481 to the power sector in a bid to address the nation’s power problems....
The end may not yet be in sight in the crisis rocking the downstream subsector of the oil industry, as oil marketers, on Friday in Abuja,...
Reports say that the Escravos pipeline carrying gas to various parts of the country has been blown up by suspected militants, causing upsets in the supply...
Two new generation banks are technically bankrupt, Ripples has learnt. Investigations showed that the Capital Adequacy Ratios (CARs) of these two commercial banks fell below regulatory...
Bargain-hunters upped the ante at the Nigerian stock market on Thursday as increased market orders pushed several stocks to higher prices. Against the background of average...
The Organised Private Sector, OPS, has threatened to sanction any worker in the private sector that fails to report for duty during the ongoing strike action...
The current economic woes confronting Nigeria may worsen as the country is estimated to be losing about N2.79 billion daily following the closure of Qua Iboe...
Over N3.4b European Union assisted water projects are under threat in five states across the Niger Delta region, Mr Albert Achten, Leader of the Technical Team...
The Independent Petroleum Marketers Association (IPMAN) has made arrangement to flood the market with enough supply of premium motor spirit, Ripples has learnt. Giving this hint...
Foreign Affairs Minister, Geoffrey Onyeama on Thursday stated that the Federal Government has no plans to shut down any of its embassies and high commissions as...
Electricity Distribution Companies (Discos) in the country have attributed their poor performances, and inability to meet their obligations to their failure to access foreign exchange. Executive...
After a day of profit-taking on Tuesday, Nigerian equities regained the uptrend on Wednesday as increased demand for highly capitalised stocks helped to mitigate widespread profit-taking...
The Minister of Communications, Adebayo Shittu, on Wednesday, cleared the air on the controversy over the payment of N50b fine by the telecoms giant, MTN Nigeria....
Authorities at the Nigerian Stock Exchange (NSE) on Wednesday delisted eight companies over what they described as persistent failures of the companies to meet best corporate...
The Federal Executive Council (FEC) on Wednesday approved 30% tax incentives for Africa’s richest man, Aliko Dangote to enable him construct Lokoja-Obajana-Ilorin road. The Obajana factory...
Nigerian equities turned negative on Tuesday as investors sought to take profits from the recent sustained rally at the stock market. With more than two losers...
The Federal Government has paid the outstanding N48. 2 billion subsidy arrears owed oil marketers in 2015. The Minister of Finance, Mrs. Kemi Adeosun, stated this...
Warren Buffett’s Berkshire Hathaway holding company today disclosed in a regulatory filing that it owns around 9.81 million shares of Apple — worth around $1.07 billion...
The Minister of State for Aviation,Hadi Sirika has hinted that the government is considering the concessioning of the airports and it intends to start with the Lagos,...
Highly capitalised stocks in the breweries, building materials and petroleum-marketing sectors rallied Nigerian equities to a strong start on Monday with a gain of N130 billion....
Solar power consumption may soon be captured in the electricity tariff regime, Ripples Nigeria has learnt. The final details of this proposal is being worked out...
The National Bureau of Statistics said on Monday that Nigeria’s inflation rate hit a six-year high in April, reaching 13%. The rates were put at 12.8%...
Oando Plc will this Monday delist its foreign-listed subsidiary, Oando Energy Resources (OER) Inc, after buying over shares of minority shareholders. OER is listed on the...
The Electricity Distribution Companies (Discos) have begun mass disconnection of customers indebted to them nationwide. Among those affected are government establishments, residential and commercial buildings. The...
The planned N500billion palliatives earmarked in the 2016 budget will benefit over eight million ordinary Nigerians. Confirming this development, the Senior Special Assistant on Media and...
Modalities for resolving an outstanding N16.5 billion fuel subsidy claim may unsettle the fresh romance between the federal government and petroleum marketers, Ripples Nigeria has gathered....
There are strong indications that fuel price may scale the N145/litre mark if forex for importation of petrol continues to elude marketers. Reuters reports that there...
The over N5.3trillion pension funds in the custody of the National Pension Commission is safe and secured, Eguarekhide Longe, chairman, Pension Fund Operators Association of Nigeria...
Eko Electricity Distribution Company (EKEDC) is set to sign a memorandum of understanding (MoU) on technical assistance with the United States Agency for International Development (USAID),...
The decision of the Federal Government to increase the pump price of Petrol from N86. 50 to N145 has continued to have rippling effect on the...
Vice President, Yemi Osinbajo has attempted to explain government’s position, and what led to government’s decision to increase the pump price of petrol. The vice president...
The Economic and Financial Crimes Commission (EFCC) has launched a massive investigation into accounts and operations in First Bank of Nigeria as part of ongoing hunt...
The board of directors of Lafarge Africa Plc on Thursday met and approved the acquisition of 50 per cent equity stake in United Cement Company of...
Nigerian equities broke away from a two-day decline to a major rally on Thursday as investors scrambled for shares of downstream oil majors quoted on the...
