Nigeria’s inflation rate has increases to 26.72 per cent for September 2023, according to the National Bureau of Statistics (NBS). The body made this known on...
There is yet to be an end to the controversies surrounding the about N120 billion owed telecommunication companies by banks in the country for the Unstructured...
Land disputes in Nigeria refer to conflicts and disagreements that arise among individuals, communities, or entities over the ownership, possession, use, or boundaries of land and...
The Lagos Chamber of Commerce and Industry (LCCI) has urged the CBN to adopt creative financing options for clearing the short to medium-term backlog of foreign...
Nigeria has maintained its fourth position on the World Bank’s top 10 International Development Association (IDA) borrowers’ list, after moving up from fifth position in the...
The Federal Government is about securing another $1.5 billion loan from the World Bank, despite mounting debt pressure hanging on the country. The new $1.5 billion...
Minister of Agriculture, Abubakar Kyari, has given a five-year deadline for Nigeria to end the importation of wheat which he says is gulping the country’s foreign...
The Minister of State for Petroleum Resources, Heineken Lokpobiri, said on Friday the Federal Government planned to increase crude oil production to two million barrels per...
Ngozi Okonjo-Iweala, the head of the World Trade Organisation, on Friday, expressed her optimism for a speedy resolution to the Israel-Hamas conflict and cautioned that if...
The Central Bank of Nigeria (CBN) on Thursday promised to intervene in the foreign exchange regularly in a bid to boost its liquidity. In a statement...
The International Monetary Fund (IMF) has raised an alarm over the ongoing war between Israel and Hamas Islamist militants, comparing it to “a new cloud on...
The World Bank’s chief economist, Indermit Gill, on Wednesday, warned that interest rate hikes could spell trouble for countries struggling to deal with debt. In order...
Petroleum products marketers have warned of more petrol retail outlets shutting down their operations due to increasing cost of running the business. President of the National...
The Chairman of the Presidential Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, on Tuesday disclosed that the administration of President Bola Tinubu was working to...
Management of Dangote Cement Plc has denied reports, in some online platforms (not Ripples Nigera) that it has embarked on sales promotion and has further adjusted...
Nigeria’s inability to maximise its oil and gas production quota has forced the International Monetary Fund (IMF) to downgrade the country’s economic growth by 0.3 percentage...
Trading in the Nigerian equity market opened on a positive note on Monday, with investors gaining N355bn. The market capitalisation and the All-Share Index which measures...
The Group Chief Executive of the Nigerian National Petroleum Company Limited (NNPCL), Melee Kyari, said on Monday the Federal Government was no longer paying subsidy on...
Oil prices rallied on Monday after Hamas launched a shock attack on Israel at the weekend, which has sparked fresh concerns about tensions in the Middle...
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...
Mortgages play a pivotal role in the real estate sector, allowing individuals and families to own homes without the need for substantial upfront payments. In Nigeria,...
The Nigerian National Petroleum Company Limited (NNPCL) has denied widespread reports that it is planning to increase pump price of petrol, otherwise known as Premium Motor...
A report by the Nigeria Bureau of Statistics (NBS) has shown that Capital importation into Nigeria dropped by 9 percent in the second quarter (Q2) of...
There are fears that the prices of fuel products may increase as irregular foreign exchange rate fluctuations, has left many petroleum product depots vacant. Consequently, oil...
The World Bank has said that the Nigerian currency, Naira has weakened by 40 percent since mid June 2023 devaluation and is one of the worst-performing...
The naira exchanged for N756.21 to a dollar at the Investors and Exporters window on Wednesday. The naira lost 1.48 percent compared to the N745.19 it...
The Nigerian equities market, on Tuesday, gained N213 billion, on the first trading day after the public holidays after the market ended last week with All-Share...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has suggested that the licenses on oil block management granted some indigenous and international crude oil prospecting companies be...
The prices of basic food items in Nigeria have continued to soar as food inflation rate has climbed another notch in the month of August, according...
The cost of Automotive Gas Oil (AGO) popularly known as diesel has continued to hover around N990 and N1,100 despite the removal of Value Added Tax...
Nigerian cement manufacturer BUA Cement Plc has announced a reduction in the price of the product in Nigeria. Chairman of the company, AbdulSamad Rabiu, had stated...
The value of investments in the Nigerian capital market depreciated dipped by 0.10 percent on Friday. This represented a drop in the market capitalization by N36.38...
The three tiers of government shared a total of N1.1 trillion as revenue allocation for August. The Director of Press and Public Relations, Office of the...
The founder of Erisco Foods Limited, Eric Umeofia, has alleged that there are racketeers that determine who gets foreign exchange from the Central Bank of Nigeria...
The Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, said on Thursday the Federal Government planned to put in place a N75 billion intervention fund...
Brent crude oil price rallied to $97.5 on Thursday, as the crude storage hub in Cushing, Oklahoma, United States, fell by 943,000 barrels to 22 million...
The Federal Government said the special investigator, Jim Obazee, has conducted an audit report on the Central Bank of Nigeria (CBN) and it would be released...
The presidency on Wednesday explained why President Bola Tinubu appointed a new management team for the Central Bank of Nigeria (CBN). The president on September 15...
As Olayemi Cardoso, the newly appointed governor of the Central Bank of Nigeria, assumes full control of the organisation this week, his biggest challenges will be...
The naira appreciated in the investors’ and exporters’ window of the official market on Tuesday after the dollar rate settled at N755.08/$1 by end of trading...
The equity capitalization in the Nigerian capital market crashed to N36.47 trillion at the close of trading on Tuesday. The figure was N126.1 billion or 0.34...
Nigerians have taken to social media to criticise Erisco Foods Limited and call for a boycott after reports emerged that the company arrested a customer for...
Cement Producers Association of Nigeria has said the price of cement could rise from N5,000 to N9,000 due to the Federal Government’s decision to replace conventional...
Capital Hotels has opened an escrow account to pay off shareholders exiting the firm ahead of its delisting from the Nigerian capital market. The firm confirmed...
Investors in Oando, Caverton Helicopters, and other equities in the Nigerian capital market lost N241.8 billion at the close of trading on Monday. This followed the...
The Special Adviser to the Executive Chairman of the Lagos State Internal Revenue Service, LIRS, Mr Tokunbo Akande has clarified the misunderstanding about stamp duty as...
The planned strike by the Trade Union Congress on Monday, according to the organised private sector of Nigeria (OPSN), poses a serious threat to the country’s...
For this week’s stocks to watch, MTN Nigeria Airtel and Ellah Lakes should be on your list, as the Nigerian exchange return for another week of...
Access Holdings has reported that its group gross earnings for the first half of 2023 rose by 58.89 per cent to N940.31 billion, compared to the...
The Minister of Power, Adebayo Adelabu, said on Friday the Federal Government was working towards generating 20,000 megawatts of electricity by 2026. The minister, who disclosed...
