The Central Bank of Nigeria (CBN) will sanction Super Agents over the activities of Point of Sales (PoS) operators should they breach the guidelines of their...
Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, has disclosed that the financial regulator will intervene in the foreign exchange (Forex) market. The...
The Central Bank of Nigeria (CBN) said the country’s economy is exposed to the fluctuation of prices and rates in the petroleum market and the foreign...
FBN Holdings has disclosed the company will conduct a Rights Issue to raise funds to boost its available capital for operational needs. Rights Issue are often...
5th Generation cellular technology, commonly referred to as 5G, has been the subject of raving reviews and debate since its launch in different parts of the...
As the stock market resumes trading this week, the stocks to watch are Fidelity Bank, Ecobank and Capital Hotel. Ripples Nigeria stocks watchlist is a selection...
Investments have long been viewed as the royal road to wealth creation. However, choosing the right brokerage platform is like finding a needle in a haystack....
The founders of Agropartnerships and Farmforte, Osazuwa Osayi, and Osayimwense Uyi, have been fined N1.2 million for operating an illegal investment company. A five-member panel of...
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...
Last year, Mr. Ezekiel was looking for a small house to buy where he could stay anytime he came to Lagos (his family was in Benin...
FBN Holdings was fined for failing to comply with the regulations of the capital market authority, NGX Regulation Limited, for the financial period of 2022. Ripples...
Nigerian bank stocks dominated trading on Friday, as the value of shares traded on the floor of UBA, Access Corporation, Zenith Bank and GTCO crossed the...
NOVA Merchant Bank has received approval from its shareholders to transition into commercial banking. The shareholders gave their unanimous approval during the company’s 6th Annual General...
The House of Representatives has set up an ad-hoc committee to investigate the Central Bank of Nigeria (CBN) over its use of the excess crude account...
Foreign exchange (Forex) scarcity will persist in Nigeria as the country’s external reserves fell to the lowest level since August 2021, data from the Central Bank...
In the first half of 2023, the Federal Inland Revenue Service (FIRS) generated N5.5 trillion in tax revenue from the oil and non-oil sectors. However, according...
The Federal Government has said that it will delist two legal (registered) loan apps for harassing Nigerians and also release a list of illegal (unregistered) loan...
The three tiers of government on Thursday shared N907.05 billion as revenue allocation for June. The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué...
The value of investments in the Nigerian capital market rose by 0.27 percent at the close of trading on Thursday. This represented a N94.4 billion growth...
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, has announced the Reward4Saving Season 3 Promo launch. This campaign aims to sustain the savings culture...
The Major Oil Marketers Association of Nigeria (MOMAN) has disclosed that the exchange rate used to determine the price of Premium Motor Spirit (PMS) is N825/$1....
The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been threatened with another arrest by Justice Inyang Ekwo of the Federal High...
The upward movement of the Nigerian stock market was halted on Wednesday following selloffs in Geregu Power, Prestige, and more. Ripples Nigeria gathered that the gains...
Fidelity Bank’s board of directors has proposed the company sell more shares to raise about N99 billion through Public Offer and Rights Issue. In a corporate...
Following its eight years legal battle with Ecobank Nigeria, Honeywell Flour Mills (HFMP) has been awarded N72.2 billion in damages by Justice Mohammed Liman of the...
Capital Hotel Plc has disclosed that minority shareholders of the company will be paid N5 per share to finalise the firm’s delisting from the stock market....
The Nigeria Union of Journalists (NUJ) has described the new price regime of Premum Motor Spirit (PMS) otherwise known as petrol announced on Tuesday as an...
Investors in Honeywell Flour, NEM, and others gained N448.33 billion at the close of trading in the Nigerian stock market on Tuesday. This followed the growth...
This line-up of stories will help you discover the latest happenings around the tech world today 1. SimpliFi partners Lune to empower MENA Businesses SimpliFi, known...
The Nigerian National Petroleum Company (NNPC) Limited has quietly increased the prices of Premium Motor Spirit (PMS), Ripples Nigeria has learnt. The prices vary across and...
The largest and majority investors in FBN Holdings, Oba Otudeko, Femi Otedola and Tunde Hassan-Odukale lost a whopping N24.64 billion in one week. Their loss followed...
Conlog, the manufacturer of the prepaid meters used by Ikeja and Kaduna Electric companies, has warned that the meters will cease to operate from November 2024....
The value of investments in the Nigerian capital market appreciated by 0.59 percent at the close of trading on Monday. This represented a N203.43 billion growth...
Nigeria’s inflation rate rose from 22.41 per cent in May 2023 to 22.79 per cent for June 2023, according to the latest report released by the...
The Nigerian Institute of Transport Technology has revealed that the Federal Government has approved 9,000 licensed filling stations for the co-location of Compressed Natural Gas or...
Ripples Nigeria stocks watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities for...
FastCash, an instant loan solution powered by First City Monument Bank (FCMB) has disbursed over 3 million loans worth N105 billion to Nigerians from all walks...
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 Central Bank of Nigeria (CBN) has released a new bank investor policy that could cause a setback for the majority shareholders of FBN Holdings in...
The Central Bank of Nigeria (CBN) has stipulated a maximum of 12 years as the tenure of a bank’s managing director or chief executive officer (CEO)....
Geregu Power Plc’s revenue in the first half (H1) of 2023 rose to N34.69 billion, the electricity firm revealed in its H1 financial report for the...
Wema Bank has resumed the use of the naira cards for international transactions but placed a limit on the value of transactions permitted. Last year, Wema...
Nascon led the gainers’ list on Friday, with UAC Nigeria topping the losers’ table, as the stock market valuation depreciated by 0.28 per cent, extending its...
Dangote Cement has concluded plans to expand its production capacity with the construction of a new 6Mt integrated cement plant in Itori, Ogun State, according to...
Standard Chartered has agreed to sell its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access Bank, the subsidiary of Access Holdings. The deal between...
United Capital reported 21 per cent year-on-year growth in its gross earnings in the first half (H1) of 2023, while the firm’s profit after tax increased...
Stanbic IBTC Bank PLC has disagreed with a verdict delivered by the Competition and Consumer Protection Tribunal (CCPT) which imposed a fine of N120 million on...
Access Holdings has disclosed that its banking subsidiary, Access Bank, has completed the acquisition of a majority equity stake in Finibanco Angola S.A. Access Bank is...
The stock market capitalisation continued its decline on Thursday, shedding N706.77 billion to selloffs in Fidelity Bank, and Sovereign Insurance, amongst others. Ripples Nigeria gathered that...
The Organization of the Petroleum Exporting Countries (OPEC) has disclosed Nigeria maintained its position as the largest crude oil producer in Africa in June, while production...
