The Federal Government and the Central Bank of Nigeria (CBN) have been counseled to find other means of controlling inflation in the country other than raising...
MTN Foundation has announced the opening of applications to the MTN ICT and Business Skills Training, a youth development initiative “aimed at equipping young entrepreneurs between...
A fresh list of 154 completely authorised digital lenders with operating licences in the nation has been made public by the Federal Government through the Federal...
Nigerians may have more economic hardship to contend with as they have been asked to brace up for an imminent upward review of the pump price...
A report by the National Bureau of Statistics (NBS) has revealed that the average cost of bus transportation within Nigerian cities rose from N649.59 in May...
Investing in a beachfront property in Lagos can be an exciting opportunity, offering the allure of breathtaking views, recreational activities, and potential financial gains. However, it...
After defaulting for several years, the Central Bank of Nigeria (CBN) has released the Consolidated Financial Statements for seven years, the first time it will do...
Nigerians spent N3.3trn on data, calls, sms in 2022, NCC report revealsNigerians spent N3.3trn on data, Nigerians spent N3.3trn on data, calls, sms in 2022, NCC...
The Presidential Committee on Tax Reforms and Fiscal Policy has proposed stripping the Nigeria Customs Service (NCS), Nigeria Ports Authority (NPA), Nigerian Postal Service (NIPOST) and...
A Platts survey by S&P Global Commodity Insights has shown that crude oil production by the Organization of Petroleum Exporting Countries (OPEC) and its allies have...
The rate of inflation in Nigeria has been defended by the Central Bank of Nigeria (CBN), which insisted that it is better when compared to most...
Nigerian President, Bola Ahmed Tinubu, on Tuesday, inaugurated the presidential committee on fiscal policy and tax reforms at the State House, Abuja. Ripples Nigeria reports that...
The Federal Government paid a total of N36 billion to subsidise electricity consumption in the country in the first quarter of 2023, the Nigerian Electricity Regulation...
Glaxo SmilthKline (GSK) Consumer Nigeria’s share price hit N8.90 kobo percent on August 4, a day after announcing the shutdown of its operation in the country....
Investors in the Nigerian capital market traded 2.575 billion shares valued at N29.615 billion in 37,713 deals last week. This however fell short of the 2.854...
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...
Investors and exporters in the official market were offered the United States Dollar (USD) at a range of N799/$1 and N475/$1 on Friday. The naira to...
Investors in the Nigerian capital market lost N35.6 billion at the close of trading on Friday. This followed a 0.09 percent dip in the value of...
In response to the hike in fuel prices in recent months, the Nigerian National Petroleum Company (NNPC) Limited has disclosed that it will construct 35 compressed...
Employees at GlaxoSmithKline (GSK) Consumer Nigeria will lose their jobs this year, as the company has announced that it will shut down operations. GlaxoSmithKline Consumer Nigeria...
The equity capitalization in the Nigerian capital market rose by 1.54 percent at the close of trading on Thursday. This represented a N541.84 billion growth in...
The second quarter of 2023 wasn’t a great period for International Breweries, as the brewer saw its loss increase significantly between April to June. In a...
Caverton Offshore Support Group suffered a 59.46 per cent drop in its profit after tax in the second quarter of 2023, the firm’s Q2 financial statement...
Oil marketers claim that once local refining is fully operational, the cost of petrol will be reduced by at least N70 a litre. This was said...
President Bola Tinubu has asked for investment support from the United Kingdom to transport gas to Europe, his media aide, Ajuri Ngelale, has revealed. According to...
In a report released by the Nigerian Exchange Limited (NGX) on Wednesday, the stock market closed trading at N34.97 trillion. This is slightly above the N34.93...
The UK government has announced that it will continue its focus on building future investments in Nigeria as well as its collaboration with Nigerian Exchange limited...
Steep price pressures acted to limit the pace of growth in the Nigerian private sector in July. Overall input costs rose at a pace unsurpassed in...
Aliko Dangote’s companies, Dangote Sugar Refinery, NASCON Allied Industries Plc and Dangote Rice Limited, have informed shareholders that they want to merge their operations. Dangote Sugar...
President Bola Tinubu’s adviser on monetary policies, Wale Edun, said the N860/$1 exchange rate between the naira and the dollar is not backed by the fundamentals...
The equity capitalization in the Nigerian capital market crashed by 0.22 percent at the close of trading on Tuesday. This represented a N79 billion dip in...
Agusto & Co., a Pan-African Credit Rating Agency, said unpopular policies by the Central Bank of Nigeria (CBN) constrained remittance flow into the country. The credit...
FCMB Group Plc recorded positive financial performance across key indicators with a 148% growth in profit before tax of N38.2 billion from January to June this...
The list of approved loan apps in Nigeria has been deleted from the website of the Federal Competition and Consumer Protection Commission (FCCPC). FCCPC said it...
During trading on Monday, Linkage Insurance led the gainers’ list and Dangote Sugar topped the losers’ table in the Nigerian stock market. Trading data showed that...
Over N184.80 billion was lost to naira devaluation by the cement and sugar companies largely owned by Africa’s richest man, Aliko Dangote. The loss was recorded...
Airtel Africa, MTN Nigeria, BUA Cement and FBN Holdings are some of the stocks to watch this week due to their operational and stock market activities....
The National Pension Commission (PenCom) has dismissed a claim that its Director-General, Aisha Dahir-Umar, spent millions of dollars as estacodes in 2020. The commission was reacting...
WemaBank recently announced its unaudited results for Half Year ended 30th June 2023. The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, a y/y...
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...
MTN Nigeria has reported that the naira devaluation also impeded the company’s financial growth in the second quarter of 2023. In a comment included in its...
The value of foreign exchange transacted in the Investors’ and Exporters’ window rose by 65.79 per cent month-on-month between May and June 2023. According to data...
Investors in the Nigerian capital market lost N232.10 billion after Guinness, Cadbury and other equities recorded sell-offs during trading on Friday. The loss brought down the...
Airtel Nigeria recorded $528 million in revenue from its mobile services in the country in the second quarter of 2023, amid growth in data and voice...
The naira devaluation by the Central Bank of Nigeria (CBN) adversely affected the earnings of telecommunications company, Airtel Africa. Ripples Nigeria learnt that Airtel Africa recorded...
The equity capitalization in the Nigerian capital market crashed by 0.31 percent at the close of trading on Thursday. This represented a N111.14 billion dip in...
Abdul Samad Rabiu, the chairman of BUA Cement, has further tightened his control over the cement manufacturer by buying additional 45 million shares. Rabiu, who is...
House of Representatives member, Beni Lar, has warned that the dollar rate could rise to N1000 by December 2023 if the government doesn’t intervene in the...
The Nigerian stock market capitalisation closed trading on Wednesday at N35.74 trillion and the All-Share Index settled at 65,687.16 ASI. By close of today’s session, investors...
The Central Bank of Nigeria (CBN) has ordered banks to unfreeze the accounts of foreign exchange investment, cryptocurrency and Bureau De Change companies. In a circular...
