Railway-related debt service costs the Federal Government $62.66 million in the first quarter of this year. Data obtained from the Debt Management Office (DMO) by Ripples...
The Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), South-West branch, Dele Tajudeen, has dismissed claims on the planned increase of fuel price to...
The equity capitalization in the Nigerian capital market rose by 1.42 percent at the close of trading on Friday. This represented a N467.95 billion growth in...
Residents of Lagos State will soon start to pay more for withdrawal and transfer of money through Point of Sale {PoS}, the Lagos State chapter of...
The Nigeria Communication Commission (NCC) has directed telecommunications companies in Nigeria to deactivate phone lines unused for six consecutive months for Revenue Generating Event (RGE). The...
German carmaker Mercedes has recalled more than 140,000 vehicles in the United States due to problems with the fuel pump. The US National Highway Traffic Safety...
The founder of the Dangote Group, Aliko Dangote, has retained its position as Africa’s richest man in the Bloomberg Billionaires Index. The Kano State-born businessman was...
President Bola Tinubu said on Thursday he approved the unification of the foreign exchange rates in the official and black markets to end the financial haemorrhage...
Virgin Galactic, a spaceship owned by Richard Branson, has made its first commercial flight into space and charged passengers between $200,000 and $450,000 each. The first...
Guarantee Trust Bank (GTBank), Unity Bank, and other lenders are being probed by the Nigeria Data Protection Commission (NDPC) for alleged data breaches. In a statement...
The management of the Lekki Deep Seaport, on Thursday, announced the arrival of the first transshipment vessel to call at the container terminal of the port, Rimbaud. A...
The Nigeria Data Protection Commission (NDPC) on Thursday described the Central Bank of Nigeria’s (CBN) new directive to banks on social media as illegal. The apex...
Manchester City striker, Erling Haaland, and Paris Saint Germane (PSG) talisman, Kylian Mbappe, lead the list of the latest world’s most valuable starting 11 Haaland and...
A chieftain of the All Progressives Congress (APC), Mustapha Audu, said on Wednesday that President Bola Tinubu’s decision to remove fuel would boost the growth in...
The European Commission on Wednesday unveiled a proposal for the digital version of the Euro. Ripples Nigeria gathered that the release of the proposal has further...
The currency in circulation (CIC) has increased by 7.4% in the first five months of 2023, the Central Bank of Nigeria (CBN) has revealed. In a...
The Central Bank of Nigeria (CBN) has set new transaction limits on contactless payments after issuing guidelines for commercial banks and other financial institutions to adopt....
Investors holding shares of Ikeja Hotel, Transcorp Hotels, and other equities in the Nigerian capital market went home with a N421.19 billion gain on Tuesday. This...
The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Gbenga Adebayo, has disclosed that network providers are considering raising the prices of their...
The Nigerian Police have arrested one suspect linked to the attempted fraud on a Polaris Bank account owned by Anthony Olasele. The arrest was made after...
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas, better known as Cooking Gas, dropped to N4,360.69 in May 2023. This was...
The equity capitalization in the Nigerian capital market rose by 0.22 percent at the close of trading on Monday. This represented a N71.94 billion growth in...
The short battle between Russia and its mercenaries, the Wagner Group, sparked an increase in the price of Brent crude oil during the weekend. At the...
Airtel Africa, Sterling Financial Holdings and Transcorp Hotels are some of the stocks to watch this week, as the stock market resumes trading. Ripples Nigeria stocks...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market...
The value of shares exchanged in the Nigerian stock market in the just concluded week was N41.986 billion, traded in 39,764 deals for 3.369 billion shares....
Nigeria, being one of the largest oil-producing countries in Africa, has historically implemented fuel subsidies to alleviate the financial burden on its citizens and ensure affordable...
The Central Bank of Nigeria (CBN) has issued a new warning to banks and other financial institutions regarding their business relationships with Politically Exposed Persons (PEPs)....
The Central Bank of Nigeria (CBN) has directed financial institutions to request their customers’ social media handles, as well as other personal information in a bid...
The value of investments in the Nigerian capital market crashed by 0.01 percent at the close of trading on Friday. This represented a N4.09 billion dip...
President Bola Tinubu has signed the New Global Financial Pact in Paris, France, after visiting the European country for a summit that bares a similar name...
Fitch Ratings, a credit rating agency, has issued a stable outlook on Stanbic IBTC Holdings Plc handing the Nigerian financial company its National Long-Term Ratings at...
President Bola Ahmed Tinubu, on Thursday, said Nigeria is ready for business, and assured investors that the country is ready to welcome them. President Tinubu gave...
The federal government, 36 states, and 774 local government councils in the country on Thursday shared N786.16 billion as revenue allocation for the month of May....
The equity capitalization in the Nigerian capital market dropped by 0.18 percent at the close of trading on Thursday. This represented a N61.35 billion dip in...
In the first three months (Q1) of 2023, Nigerians spent N247.33 billion for electricity supply from Distribution Companies (DisCos). According to data obtained from the National...
The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has called on President Bola Tinubu to consider trade reforms and warned against...
Investors in Unity Bank, Afromedia and other entities in the Nigerian capital market pocketed N116.48 billion at the close of trading on Wednesday. This followed the...
Nigeria’s foreign reserves down by 1.86 per cent since President Bola Tinubu took over from Muhammadu Buhari on May 29, 2023. On May 26, Buhari’s last...
The value of the dollar fell in the investors’ and exporters’ window on Tuesday, as the naira appreciated against the United States currency by 1.78%. According...
The value of investments in the Nigerian capital market rose by 0.16 percent at the close of trading on Tuesday. This represented a N51.8 billion growth...
Despite losing his position as Africa’s richest person due to the naira devaluation, the chairman of the Dangote Group, Aliko Dangote, has praised the policies of...
Airtel Africa has said the devaluation of the naira will affect the revenue of the company in 2023, a statement released by the network provider on...
The Federal Government, on Monday, disclosed that six new companies have been given permission to import petroleum products into Nigeria as of Monday. Managing director of...
The equity capitalization in the Nigerian capital market rose by 0.02 percent at the close of trading on Monday. This represented a N10 billion growth in...
Small and Medium Scale Enterprises (SMEs) can now quickly access from N5 million to N100 million to purchase equipment needed to grow and expand their businesses,...
The Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has informed African Union leaders that he will not invest in their countries if they...
The Central Bank of Nigeria (CBN) has increased the withdrawal limit on domiciliary accounts, as the apex bank continues to reform the foreign exchange policies. CBN...
The Nigerian stock market resumes another five days of trading after last week’s Democracy Day celebration reduced the trading days to four. This week, Seplat, Honeywell...
The Nigerian stock market opened for four trading days in the just concluded week due to the public holiday declared by the Federal Government on June 12, 2023,...
