Investors in the Nigerian capital market pocketed N264 billion at the close of trading on Thursday. This followed the rise in equity capitalization to N42.694 trillion...
The Centre for the Promotion of Private Enterprise (CPPE) has projected that the Nigerian economy will fare better this year. The Chief Executive Officer of CPPE,...
Amid rumours of an impending scarcity and increase in the cost of Premium Motor Spirit (PMS) which has triggered panic buying amongst Nigerians, the Independent Petroleum...
The Maritime Workers Union of Nigeria (MWUN) has threatened to embark on a nationwide strike on Tuesday, January 9th, during which all seaports, jetties, as well...
Nigeria’s industrialist, Alhaji Aliko Dangote has been knocked off his throne as Africa’s Richest Man by South African business mogul Johann Rupert according to a recent...
A former presidential aide, Reno Omokri, on Wednesday urged President Bola Ahmed Tinubu to ban all forms of sports betting in the country. There are several...
The Nigerian National Petroleum Company Limited (NNPCL) has ruled out an increase in the price of Premium Motor Spirit (PMS) also known as petrol. In a...
Investors in the Nigerian equities market made N846 billion at the close of trading on Wednesday. This followed the rise in the market capitalization to N42.429...
First City Monument Bank (FCMB), a leading supporter of small and medium-sized enterprises (SMEs) in Nigeria, has extended credit totalling N1.343 trillion to over 98,000 SMEs...
The Central Bank of Nigeria (CBN) has issued a directive barring cash withdrawals from accounts opened for virtual and digital assets transactions. Rather, operators of the...
The Nigerian equities market began the year on a bullish note as the All-Share Index (ASI) increased to 75,990.88 on Tuesday. The ASI was 1, 217...
The Federal Government of Nigeria has set a target of two million barrels per day crude production in 2024. This is about 500,000bpd higher than the...
Ripples Nigeria in this round up examines some of the critical events that took place in the Nigerian economy and business eco-system in the year 2023....
Wale Edun, the Minister of Finance and the Coordinating Minister of the Economy, has moved to allay the fears in many quarters that the Federal Government...
Sterling Bank Limited has announced a change in its Board of Directors, with Mr. Olatunji Mayaki assuming the role of Chairman of the Board effective January...
As the equities market resumes trading activities in the new year, ABBEYBDS, TRANSCOHOT, IMG – Industrial & Medical Gases and Multiverse are some of the stocks...
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...
Amid the scarcity and unavailability of the BUA Cement reportedly sold for N3,500 per bag, the Chief Executive Officer of BUA Group, Abdul Samad Rabiu has...
The Nigerian capital market ended the year 2023 trading with a 0.36% growth in the All-Share Index (ASI) on Friday. This represents a 271.1 basis points...
The National Bureau of Statistics (NBS), in its latest selected Food Prices Watch report for November has disclosed that the prices of beef, rice, beans, onion,...
Glitches experienced in the Corporate Affairs Commission’s (CAC) Company Registration Portal have forced the commission to extend the deadline for the commencement of penalties against companies...
Within three months, Nigerians spent N769.96 billion on cement, with BUA and Lafarge Wapco failing to grow their net profit in the third quarter (Q3) of...
The Nigerian equities market rebounded from the previous day’s trading losses with a 0.99% growth in the All-Share Index (ASI) on Thursday. After five hours of...
The Federal Government has fined the British American Tobacco Nigeria Limited (BATN) and affiliated companies $110 million over multiple infractions. The Federal Competition and Consumer Protection...
The Nigerian capital market resumed from the Christmas holiday with a 0.34% dip in the All-Share Index (ASI) on Wednesday. After five hours of trading, the...
The Ministry of Finance Incorporated (MOFI) has set a target of growing the federal government’s assets under management (UAM) to N100 trillion in next one decade....
The latest financial crisis has forced 20 of the world’s biggest banks to shed 61,905 jobs in the outgoing year. This development, according to a report...
The acquisition of Union Bank PLC and Titan Trust Bank (TTB) which is still pending the required regulatory approval now appears to be faced with uncertainty....
Tropical General Investment Group, the majority owner of Titan Trust and Union Banks has kicked against the report of the special investigation into the activities of...
While the Nigerian Xchange (NGX) is on break for the Christmas and Boxing Day holidays, TRANSCOHOT, AIRTELAFRI, MULTIVERSE and MTNN are some of the stocks that...
In a strategic move that echoes the visionary leadership of Mr. Prateek Suri, MDR Investments An investment arm of Maser Group , the influential arm of...
Polaris Bank’s CEO, Adekunle Sonola, has urged the Nigerian government to prioritize legal policy and reforms for sustained economic growth. Sonola made the call in a...
The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country. The apex bank in February 2021 ordered all financial institutions...
Investors in the Nigerian equities market lost N145 billion at the close of trading on Friday. Today’s trading was the last before the Christmas celebration in...
The Central Bank of Nigeria (CBN) has accused the Deposit Money Banks (DMBs) of colluding with Point of Sale (PoS) operators to disrupt the cash flow...
Oil producing country, Angola, a key member of the Organization of the Petroleum Exporting Countries (OPEC) since 2007, has declared its intention to leave the organization...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Wednesday, announced the completion of phase 1 of the rehabilitation of the Port Harcourt...
Nigeria has spent the sum of N1.792tr on servicing domestic debts in three months of July, August and September 2023, data sourced from the Debt Management...
Investors in the Nigerian capital market went home with N570 billion at the close of trading on Wednesday. This followed the increase in the market capitalization...
The Nigerian banking industry recorded N367.28 billion increase in profit before tax (PBT) in the third quarter of 2023 — which falls between July to September....
The poor management of the various seaports in Nigeria is estimated to be costing a significant economic loss in the region of $7 billion annually, the...
Investors in the Nigerian capital market pocketed N35.6 billion at the close of trading on Tuesday. This followed the growth in the market capitalization to N39.66...
TotalEnergies has disclosed plans to invest the sum of $6 billion in the coming years on offshore oil projects and gas production across all terrains. This...
The equity market began the week on a bullish note as trading activities on the floor of the Nigerian Xchange closed positive Monday (18/12/2023) by 0.02%....
The World Bank has raised an alarm that only 10 per cent of targeted poor and vulnerable households have benefitted from the Federal Government’s recently launched...
Lagos State, Nigeria, is a bustling metropolis known for its vibrant social life and economic opportunities. As the population continues to grow, so does the need...
ACCESSCORP, GTCO, ZENITH BANK, MTNN and NNFM are some of the top stocks that investors could consider investing in in the new week. The financial service...
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...
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, said on Saturday the agency has paid insured deposits of over N1.7 billion to...
The three tiers of government on Friday shared a total sum of N1.088.783 trillion as revenue allocation for November. The Federation Account Allocation Committee (FAAC) disclosed...
