Glano Nigeria Limited has lost its assets to Asset Management Corporation of Nigeria (AMCON) over a N2.4 billion debt owed since 2016. AMCON, a debt recovery...
Nigerian bourse value crashed to N27.84 trillion, as the stock market capitalisation dipped by -1.48 per cent on Monday, from N28.26 trillion. This represents a loss...
The World Bank has revealed that Nigeria spends 96.3 percent of government revenue on servicing debt in 2022. This means that the country spends N96 out...
Aviation workers have begun their two days warning strike, a move that will disrupt flight operations according to the Federal Airports Authority of Nigeria (FAAN) on...
The Nigerian government has collected a total of N155.58 billion in income tax payments from ten banks operating in the country. The tax payments were captured...
Guaranty Trust Bank (GTBank) was fined N128.6 million by the Central Bank of Nigeria (CBN) for failing to meet several regulatory requirements. Ripples Nigeria gathered that...
Transnational Corporation (Transcorp), First Bank and Fidelity Bank are stocks to watch this week following various activities on their shares in the Nigerian stock market. Ripples...
The Central Bank of Nigeria (CBN) has approved the appointment of Akinola George-Taylor as the Managing Director and Chief Executive Officer of Heritage Bank. The apex...
The Nigerian stock market recorded N10.964 billion investments this week as 2.824 billion shares were traded by investors in 15,686 deals. Nigerian bourse opened for four...
Unions in the Nigerian aviation industry sector have declared a two-day warning strike, beginning Monday The unions are demanding better wages for workers in the sector...
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...
Shares of First Bank of Nigeria (FBN) Holdings crashed in the Nigerian capital market this week after reports emerged that billionaire businessman, Femi Otedola, was mopping...
For the third consecutive month in 2023, the consumer price index (CPI), which measures the rate of change in prices of goods and services has increased....
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the growth projection of the International Monetary Fund (IMF) for Nigeria’s economy in...
The market capitalization of the Nigerian stock exchange dipped by -0.09 percent on Friday. The value of investments in the capital market dropped by N27.5 billion...
The Central Bank of Kenya (CBK) has fined Nigerian lender, Guaranty Trust Bank (GTBank) for breaching its regulations. Ripples Nigeria discovered from GTBank financial report released...
Nine Nigerian banks listed on the Nigerian Exchange have recorded an increase in customer deposits in 2022. Checks on the banks’ unaudited financial records showed that...
The Nigerian Export Promotion Council (NEPC) has revealed that cashew nuts export from the country hit N116bn ($252m) in the year 2022. This was disclosed by...
The equity capitalization in the Nigerian capital market dipped by -0.01 percent at the close of trading on Thursday. This means the value of investments in...
Transnational Corporation (Transcorp) Plc has opened its doors to new investors to take up a stake in the diversified investment company. Although Transcorp revealed on Thursday...
The token offered by the cryptocurrency exchange, Futures Exchange Trading (FTX), appreciated in value by 74.04 per cent in the last 24 hours after reports emerged...
The Central Bank of Nigeria (CBN) has issued new guidelines to commercial banks on the operations of dormant accounts which have received no deposit or withdrawal...
The International Monetary Fund (IMF) has asked Nigeria to be intentional in making changes to cut borrowing. The global institution specifically called on the Nigerian government...
The Nigeria Immigration Service has filed a lawsuit against the Chief Executive Officer of Seplat Energy, Roger Brown, over his work permit. In a corporate document...
The Nigerian stock market traded flat on Wednesday with the equity capitalization closing at N28.30 trillion. The All-Share Index rose by 0.42 basis points to close...
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to maintain its current monetary policy rates to control inflation. IMF stated this...
Financial and economic experts at the International Monetary Fund (IMF) have projected a possible global recession amid fear of a financial crisis in the global banking...
A mild drama occurred on Tuesday at Arik Air Limited’s headquarters at Murtala Muhammed Airport, Lagos when the airline’s Chairman/Founder, Johnson Arumemi-Ikhide, was denied access to...
The Nigerian stock market closed trading with N28.30 trillion on Tuesday. The figure was N569.1 billion or -2 percent lower than the N28.86 trillion posted by...
De.Fi, an antivirus and app provider firm, has revealed that the Cryptocurrency market lost $452 million to hacks and scams in the first quarter (Q1) of...
Importation of motorcycles in Nigeria dropped by 42.1 per cent year-on-year, according to the 2022 importation bill obtained from the National Bureau of Statistics (NBS). The...
The producer of Peak Milk, FrieslandCampina WAMCO Nigeria Plc, has apologised to Christians after coming under fire for its advert celebrating Easter, a Christian festival. Peak...
The Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) saw a significant rise in their revenue collection, reaching N12.7 trillion in 2022. This...
The National Pension Commission (PenCom) has disclosed that pension fund assets in Nigeria increased from N13.76 trillion to N15.45 trillion within a year. This represents a...
Two lawmakers in the United States, Senator Elizabeth Warren and Reps member, Alexandria Ocasio-Cortez, have questioned the working relationship between Silicon Valley Bank (SVB) and its...
The Senate has demanded the refund of the N19 billion the Budget Office transferred to four Ministries Department and Agencies (MDAs) without the Ministry of Finance’s...
The National Chairman of the Cinema Exhibitors Association of Nigeria (CEAN), Opeyemi Ajayi, said the revenue generated from movies in March grew by 58.6 per cent....
The Independent Petroleum Marketers Association of Nigeria (IPMAN) have written to the Federal Government seeking for access to the N250 billion intervention fund for the National...
This week, the Nigerian stock market will open for four days due to the public holiday to celebrate Easter, and some of the stocks to watch...
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...
The Nigerian stock market reported equity investors parted with N10.050 billion in 16,155 deals for 1.054 billion shares this week. This is below the 2.071 billion...
As more young Nigerians pursue their dreams abroad, international airlines, travel agencies realized a whopping $1.1 billion from ticket sales in 2022. Bankole Bernard, chairman of...
Daniel had a dream of becoming a successful real estate businessman. He had done his research, networked with industry professionals, and saved up enough money to...
Sterling Bank has delisted its shares from the Nigerian Exchange Limited (NGX), transferring the shares to Sterling Financial Holdings Company, which has now been listed on...
The Central Bank of Nigeria (CBN) is set to remove bank accounts not linked to the Bank Verification Number (BVN) system from the financial system in...
The Nigerian National Petroleum Company Limited (NNPC) has announced that it will continue to explore its hydrocarbon resources, even if International Oil Companies (IOCs) take a...
In the first quarter (Q1) of 2023, stock market investors snubbed Airtel Africa for its market rival, MTN Nigeria, as the telecommunications company battled for Domestic...
KPMG Nigeria has stated that the decline in foreign capital importation into Nigeria could lead to further devaluation of the Naira. The professional firm offering Audit,...
The Nigerian stock market continued its downswing on Thursday, as the equity capitalisation lost N13.53 billion to sell off in Sterling Bank, Eterna, and others. According...
The Federal High Court in Lagos has set aside the ex parte interim order made against Seplat Energy’s Chief Executive Officer, Roger Brown. Ripples Nigeria had...
