The equity capitalization in the Nigeria capital market was up by N225.97 billion on Wednesday. The figure pushed up the value of investments in the capital...
MultiChoice, the satellite television service provider, has announced an increase in subscription rates for DSTV and GOTV in Nigeria. This announcement has drawn angry reactions from...
Fitch Solutions, the research arm of credit rating agency, Fitch ratings, has predicted that Nigeria’s economy will grow by only 2.3 percent this year, down from...
The Nigerian Exchange Limited (NGX) said the capital market authority hopes the policies of Bola Tinubu’s administration will impact positively on the Exchange Traded Funds (ETFs)...
Oando Clean Energy Limited (OCEL) has made an inroad into the transportation business in Lagos State, acquiring and taking delivery of undisclosed number of electric vehicles...
Emmanuel Onuorah, the President of the Premium Bread Makers Association of Nigeria (PBAN), has revealed that more than 26,000 bread factories have shut down across Nigeria...
The Nigerian capital market returned to regular trading activities after the Eid-el-Fitri holiday with a 0.63 rise in equity capitalization on Tuesday. Consequently, the value of...
The wealth of the five richest people in the world increased by $120.27 billion within four months, with Bernard Arnault and Elon Musk recording the highest...
The Managing Director of Unilever Nigeria, Carl Raymond Cruz, has resigned from his post, the board of the company has revealed. In a statement released on...
Segun Agbaje, the Chief Executive Officer of Guaranty Trust Holding Company, has emerged as the highest-paid bank CEO in the country for 2022. Data obtained from...
Nigeria Air’s plan to obtain the Air Operator’s Certificate (AOC) from the Nigeria Civil Aviation Authority (NCAA) has suffered a setback as the Airline Operators of...
Seplat Energy has revealed that the company’s Chairman, Basil Omiyi, will resign ahead of its ongoing proposed acquisition of assets belonging to ExxonMobil. Ripples Nigeria previously...
Nigeria has suffered a significant loss in oil revenue over the last year, as a result of pipeline vandalism and oil theft. This is according to...
Standard Chartered, an international banking company, has projected that Bitcoin would hit $100,000 by the end of 2024. Many have predicted a huge growth in the...
The billionaire businessman, Femi Otedola, on Monday, confirmed the acquisition of a substantial stake in Transcorp Corporation Plc. He paid N5 billion to acquire 2,245,639,251 units...
Airline operators lost billions of Naira during the two days strike that occurred last week, the Chief Executive Officer of Air Peace, Allen Onyema has revealed....
The cost of operation weighed on Unilever Nigeria’s revenue in the first quarter (Q1) of 2023, the firm’s Unaudited Interim Financial Statements showed. Ripples Nigeria gathered...
Nigeria’s debt to China has increased by a staggering 209 percent under the administration of President Muhammadu Buhari, according to data obtained from the Debt Management...
The Nigerian stock market will open this week’s trading on Tuesday due to the Eid el-Fitr public holiday on Monday. During trading sessions this week, Transnational...
Seven Nigerian banks have reported receiving a massive 6.9 million customer complaints in 2022. This represents a significant increase of 54% or 2.42 million complaints compared...
Cadbury Nigeria Plc’s revenue rose by 30 percent in the first quarter of this year. The firm disclosed this in its Un-audited Interim Financial Information released...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s internet user population rose to 154.8 million in the fourth quarter of 2022. NBS disclosed this...
Nigeria is a country in West Africa that is rich in natural resources and is the most populous country on the continent. With a population of...
The World Bank has recommended a single foreign exchange (Forex) market, urging Nigeria to do away with its multiple forex markets. In its latest ‘Macro Poverty...
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 to...
Investors in the Nigerian capital market splashed N15.62 billion on 3.920 billion shares in 16,856 deals this week. This surpassed the N10.96 billion investors spent on...
The chairman of Transnational Corporation (Transcorp) Plc, Tony Elumelu, became N638.88 million richer this week following the billionaire businessman, Femi Otedola’s investment in the company. The...
Poultry farmers in Nigeria on Friday appealed to the Federal Government to cancel their debt as they struggle to get over the effects of the naira...
Wema Bank generated N132.30 billion in revenue between January to December 2022, surpassing the N93.63 billion recorded during the same period in 2021. This is a...
The Nigeria Interbank Settlement System (NIBSS) has revealed that the value of e-payment transactions rose to N135.52 trillion in the first quarter of 2023. This represents...
Stanbic IBTC recorded an 85 per cent increase in its profit after tax and 66.8 per cent growth in electronic banking in the first quarter (Q1)...
The Federal Government has completed the concession of the Onitsha Port in Anambra State. The Managing Director of National Inland Waterways Authority (NIWA), George Moghalu, disclosed...
Demands for Transcorp Hotels, Access Corporation, and others lifted the Nigerian capital market by 0.33 percent on Thursday. This translated to a N92.79 billion growth in...
Femi Otedola has acquired N5 billion worth of shares in a diversified investment company, Transnational Corporation (Transcorp) Plc. In a circular released to the stock market...
Access Holdings Plc, the parent company of Access Bank, recorded N152.90 billion net profit for the period of 2022, earnings report released on Thursday disclosed. This...
The financial stability of Union Bank of Nigeria (UBN) is at risk, as the company faces a lawsuit that could result in the commercial bank losing...
The Nigeria Civil Aviation Authority (NCAA) has assured the public that the ongoing amendment of the Nigeria Civil Aviation Regulations (Nig.CARs) 2015 guarantees full refunds to...
The Federation Account Allocation Committee (FAAC) on Wednesday shared a total sum of N714.629 billion to the three tiers of government as revenue allocation for March...
The equity capitalization in the Nigerian capital market rose by 0.06 percent at the close of trading on Wednesday. This translated to a N17.74 billion increase...
Revenue generated by the Federal Government from rail transportation dropped to N5.57 billion despite the increase in the number of passengers in 2022. The National Bureau...
The Debt Management Office (DMO) has dismissed as outright falsehood a report that Nigeria has defaulted on the repayment of the Chinese loans. In a statement...
The Central Bank of Nigeria (CBN) has fined Union Bank of Nigeria (UBN) Plc for breaching its regulation on cryptocurrency trading in the country. Union Bank...
Guaranty Trust Bank (GTBank), a subsidiary of Guaranty Trust Holding Company (GTCO) lost N35.55 billion in failed securities investments in Ghana for the financial period of...
The total currency in circulation in Nigeria has increased to N1.6tn in March 2023, according to the Central Bank of Nigeria (CBN). The amount represents N701.4...
Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of...
The Nigerian capital market rebounded with 0.02 percent growth in its investments at the close of trading on Tuesday. The N6.03 billion growth raised the bourse’s...
Autochek, an automotive technology development company, has acquired a majority stake in its Egyptian counterpart, AutoTager. This is the sixth acquisition by Autochek co-founded by Etop...
On Tuesday, aviation workers, under the umbrella of the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), ended their two-day strike after meeting with government...
The National Bureau of Statistics (NBS) has disclosed that Nigerians including companies, and government agencies paid a total of N828 billion for electricity in 2022. The...
The recent increase in oil production is set to be significantly hit as Exxon Mobil has declared force majeure on oil lifting from different terminals in...
