Even as the economy is literally bleeding, foreign investors have had a free run repatriating profits (forex) abroad, Ripples has learnt. Many of the investors had...
Oil marketers in the country who have been facing the challenge of getting forex to meet their allocation for importation of PMS (petrol) now have a...
Nigerian equities lost N135 billion last week in a month-end portfolio readjustments that saw investors tilting towards low-priced stocks, otherwise known as penny stocks. Low-priced stocks...
President Muhammadu Buhari has expressed optimism that the Federal Government can significantly reduce the very high bill for importation of food products to Nigeria. He stated...
Members of the National Assembly, like President Muhammadu Buhari are asking questions why the details of the 2016 budget, were not made known, but seemingly being...
In its quest to regularise the supply and distribution of petroleum products across the country, the Petroleum Products Pricing Regulatory Agency (PPPRA), has, with the approval...
The Managing Director of Nigeria’s sovereign wealth fund, Uche Orji, said Friday that the fund’s total assets grew to $1.07 bn in 2015. This...
The Transmission Company of Nigeria, TCN, has attributed the nationwide system collapse when it had zero megawatts to a breakdown in tripping of Osogbo/Ihovbor and Ihovbor/Benin...
May 29, 2016 would mark a year after the President Muhammadu Buhari-led administration took over the reins of power, but with no clear direction of where...
Continuous rot still pervades the operations of the Nigeria National Petroleum Corporation (NNPC) as fresh findings say the organization failed to remit about$4.2 bn into the...
The grim reality of Nigeria’s poor economic run was yet amplified Thursday when the International Monetary Fund (IMF) cut the country’s growth forecast for 2016....
Shareholders of Fidelity Bank Plc will receive total dividend payout of N4.6 billion for the 2015 business year, according to a dividend recommendation filed by the...
After two successive negative trading sessions, Nigerian equities rode on the back of gains by major downstream oil companies and other highly capitalised stocks to regain...
Nigerians who thought the nation’s power supply would improve soon may have to do a rethink as there was a total collapse on Thursday with the...
The N350billion bailout for the economy being proposed by the Federal Government will be allocated strictly after carrying out a need-based analysis. The Federal Government had...
Amidst corporate governance breaches in Nigeria , Standard and Poor’s has returned a positive rating on MTN. It affirmed MTN’s credit rating on Thursday, saying that...
Speculations are rife that President Buhari will nominate Mohammed Barkindo as the next OPEC secretary general. Sources close to government disclosed Thursday that the former helmsman...
The Central Bank of Nigeria (CBN) is reporting that there has been a marginal increase in the level of the country’s foreign exchange reserves. Available data...
Nigerian equities continued on the downtrend on Wednesday, running a second consecutive trading session on a mix of profit-taking transactions and portfolio realignments. The downtrend on...
Views from abroad… The promise of Africa’s biggest economy has turned to peril. Companies drawn to Nigeria by the prospect of a population bigger than Germany...
The Central Bank of Nigeria (CBN) said Wednesday that it was planning to raise N218.89bn in short-dated treasury bills on April 7. The sale...
The dirty underbelly of Nigeria’s oil industry came up for probe Wednesday in faraway Hague when Italian and Dutch prosecutors stormed Shell’s headquarters to investigate alleged...
The Minister of State for Petroleum, Dr Ibe Kachikwu said Tuesday that some Oil Majors have shown commitment to partner the Federal government to revamp...
Nigerian equities came under intense sell pressure on Tuesday as the negative average year-to-date return at the stock market worsened. The All Share Index (ASI)-the value-based...
The Nigerian NLG Limited, NLNG, on Tuesday disclosed that it has generated some $90 billion from gas flared since 1999 when it commenced operation. Its Managing...
If the United States (US) had its way, it would want the Naira officially devalued, especially against the dollar immediately. The country said on Monday it...
In an effort to tackle the crippling fuel scarcity across the nation, President Muhammadu Buhari has approved additional crude oil volume for the Nigerian National Petroleum...
This may well be cheery news for the nation’s aviation as the International Civil Aviation Organisation (ICAO) scored the country high on air safety oversight programme....
The introduction of stamp duty collection by the Federal Government may bring a clash between the Minister of Communications, Adebayo Shittu and the Nigerian Postal Services,...
Barring last minute change of mind, the Federal Government may blacklist some of the 115 companies implicated in the alleged N116b fictitious contracts in the Office...
The suspension of the Director General of the Pension Transitional Arrangement Directorate, PTAD, Mrs Nellie Mayshak, has been alleged to be the handiwork of a cabal...
The Lagos Chamber of Commerce and Industry, LCCI, yesterday, knocked the Federal Government for over regulating the oil and gas sector. According to LCCI, the petroleum...
Nigerian equities played along with the global emerging markets last week as increased demand for high-cap stocks on the Nigerian Stock Exchange (NSE) rallied the overall...
Ideas rule the world. It was someone’s idea that manifested as the electric bulb, the computer, the automobile etc., all came from an idea. So you...
In what was a major disappointment and turnaround from the boisterous blitz on its third quarter earnings, the management of Skye Bank has now admitted that...
Quoted equities on Thursday surmounted the initial negative reaction that greeted the decision to raise interest rate by the Central Bank of Nigeria (CBN) as increased...
Leaders of Food, Beverage and Tobacco Senior Staff Association, FOBTOB, have raised the alarm that the nation may loose three million jobs in the sector if...
The lower legislative chambers and the Attorney- General of the Federation and Minister of Justice, Abubakar Malami are at daggers drawn over the reduction of the...
The Central Bank of Nigeria, CBN, has approved the sum of N3 million loan for each beneficiary of the Youth Innovative Entrepreneurship Development Programme, YIEDP. This,...
Investors reacted sharply on Wednesday to the increase in benchmark interest rate by the Central Bank of Nigeria, dumping quoted shares to buy fixed-income securities. The...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has warned that the current fuel scarcity across the country will remain till May. Kachikwu, who...
President Muhammadu Buhari on Wednesday met behind closed-doors with the leaders of the National Union of Petroleum and Natural Gas Workers, NUPENG and Pentroleum and Natural...
The lower legislative chambers and the Attorney- General of the Federation and Minister of Justice, Abubakar Malami are at daggers drawn over the reduction of the...
The Monetary Policy Committee met on 21st and 22nd March 2016 amidst dithering global economic prospects and continuing challenges in the domestic economy. In attendance were...
Learn Africa Plc is expected to record loss for the 2015 business year, foreclosing any possibility of dividend payment to shareholders. A regulatory filing by the...
Nigerian equities remained on the upswing on Tuesday but the undercurrents at the stock market showed widespread sell pressure, limiting the positive overall market position to...
The Federal Government has hinted of plans to boost the economy with N350bn as soon the 2016 budget is passed, the Minister of Finance, Mrs. Kemi...
The Federal Government on Tuesday shared the sum of N345.095 billion with the States and Local Governments for the month of February. Assailed by declining oil...
Nigeria would be misguided to persist with currency policies that have led to a record difference between the naira’s official and black-market rates, according to the...
At the end of its two-day meeting, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR)...
