The Nigerian stock market reported investors exchanged 1.689 billion shares in 14,019 deals between Monday to Friday this week, at a value of N11.066 billion. Ripples...
Unilever Nigeria Plc will discontinue the production of OMO, Sunlight and Lux, as the company reviews its business model. The manufacturer says it will exit two...
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 former Chairman of Seplat Energy Plc, A.B.C Orjiako, has responded to the allegation that he breached the company’s operational guidelines. Seplat had in a suit...
A Certificate of Occupancy (C of O) is a legal document that serves as proof of ownership of a property in Nigeria. It is issued by...
Sell-off in International Breweries, Transcorp, and others pulled down the equity capitalization in the Nigerian capital market by –0.05 percent at the close of trading on...
Access Holdings Plc, the parent company of Access Bank, has announced that the lender received regulatory approval to acquire African Banking Corporation Zambia Limited (Atlas Mara...
The Bank of England has also stated that the failure of Silicon Valley Bank (SVB) in United Kingdom won’t lead to the collapse of the country’s...
The Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Garba-Deen Mohammad, has said the oil firm expects to surpass its 2021 net...
The Nigerian capital market closed trading with N29.920 trillion on Thursday. The figure was N29.9 billion lower than the N29.927 trillion posted by the bourse on...
Seplat Energy has sued its co-founder, A.B.C Orjiako, and his firm, Amaze Limited, for breaching its operational guidelines. Amaze Limited served as a consultant for Seplat...
Financial market volatility is the degree to which the price of an asset goes up or down in the global market. Many investors in Nigeria...
Dangote Cement shareholders will be paid N340 billion in April 2023 as their dividends for investing in the company’s shares for the period of 2022. The...
Unilever Nigeria has appointed Abidemi Ademola as one of its Executive Directors. The appointment came a few days after the company announced its exit from the...
The equity capitalization in the Nigerian capital market rose by 0.05 percent following the high demands for WAPIC, Guaranty Trust Holding Company (GTCO), and other equities’...
On Tuesday, the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate to 18 per cent, up from 17.5 per cent, a decision that surprised...
The Nigerian capital market ended trading with N29.9 trillion equity capitalization on Tuesday. This showed a 0.03 percent or N10.15 billion rise in the capital market...
The Nigeria Exchange Limited (NGX), capital market authority, has fined Ecobank Transnational Incorporated, PZ Cussons, and two other companies for failing to meet listing rules of...
Afromedia has been hit with a court order that has affected the release of their Audited Financial Statements for the year ended December 31, 2022. The...
Investors in the Nigerian capital market lost N15.9 billion following the dip in equity capitalization at the close of trading on Monday. The market capitalization crashed...
Unilever Nigeria has concluded plans to exit the Home Care and Skin Cleansing market by selling its business segment. In a statement sent to Ripples Nigeria...
Trading in the Nigerian stock market resumes on Monday, with MTN Nigeria, FCMB and Nigerian Breweries making the list of stocks to watch. 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 to...
As Nigerians battle with Naira scarcity, the Central Bank of Nigeria (CBN) continues to mop up currency in circulation, leaving the economy with N982.09 billion, according...
Emirates, the Dubai-based airline, has announced that around 50% of its revenue is trapped in the country due to foreign exchange restrictions and a lack of...
Trading in the Nigerian stock market ended in a stalemate on Friday, with the bourse retaining the same investment value of N29.915 trillion at the close...
Mobile telecommunication giant, MTN Nigeria, has proposed a new dividend plan to its shareholders. In the new arrangement, the company is expected to substitute shares for...
MTN Nigeria has proposed to merge its payment firm, Momo Payment Service Bank Limited and its digital arm, Yello Digital Financial Services Limited (YDFS). This was...
The proposed concession of Nigeria’s international airports has led to a court battle between aviation unions and the Minister of Aviation, Hadi Sirika, as well as...
FCMB Group lends N20.68 billion from the bond market to finance corporates, other financial institutions, Trustees and high net-worth individuals. The fund, raised under FCMB’s N300,000,000,000...
The equity capitalization in the Nigerian capital market crashed to N29.91 trillion at the close of trading on Thursday. The figure was –1.03 percent or N313.01...
Nigerians who believed that cash crunch had ended following the directive from the Central Bank of Nigeria (CBN) remained disappointed on Tuesday and the morning of...
Switzerland lender, Credit Suisse, has disclosed its intention to borrow 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank amid global fear of a...
Fear of Credit Suisse going under has gripped the Swiss capital market after its majority shareholder, Saudi National Bank (SNB), said it could no longer provide...
Eroton Exploration and Production Company Limited has sued Sahara and the Nigerian National Petroleum Company (NNPC) Limited. Eroton filed a lawsuit against Sahara and NNPC over...
The equity capitalization in the Nigerian capital market crashed by-0.41 percent at the close of trading on Wednesday. This represented a N126.76 billion dip in the...
The Ghanaian government has removed fuel subsidy in a bid to stabilise its downstream sector and reduce funding pressure on authorities. This was revealed on Wednesday...
Nigeria’s inflation rate climbed to a new 17-year high of 21.91% in February 2023 on the backdrop of the new naira note design and uncertainties relating...
Nigerian Breweries have been slammed with various lawsuits that could cost the firm 17.9 per cent of its net profit, Ripples Nigeria has learnt. It was...
The chief economist, KPMG Nigeria, Oyeyemi Kale, has projected that the Central Bank of Nigeria’s (CBN) Naira redesign policy will drag Nigeria’s Gross Domestic Product (GDP)...
Nigerian banks have started paying customers with old naira notes over the counter and via Automatic Teller Machines (ATM) prompting a sense of relief among many...
Investors in the Nigerian capital market lost N35.66 billion at the close of trading on Tuesday. This followed the crash in equity capitalization from N30.39 trillion...
Nigerian banks have adjusted the processing time for accessing foreign exchange (FX) for international school fees to 120 days from 48 hours. They have also cut...
The Central Bank of Nigeria (CBN) has delayed approving the component audit of a material subsidiary company of Ecobank Transnational Incorporated (ETI). This has forced Ecobank...
The Nigerian Communications Commission (NCC) has directed mobile network operators (MNOs) in Nigeria to begin the implementation of authorized harmonized short codes (HSC) for providing targeted...
Hongkong and Shanghai Banking Corporation Limited (HSBC) has acquired Silicon Valley Bank’s UK operations after the U.S. parent company declared bankruptcy. HSBC, a small business lender...
The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions....
The completion of Seplat Energy’s ANOH gas processing plant is being delayed by NNPC Gas Infrastructure Limited (NGIC), with production pushed to the fourth quarter (Q4)...
Dangote Cement, BUA Cement and Lafarge Cement have announced the payment of dividends to their shareholders for 2022. A dividend is one of the gains enjoyed...
The stock market capitalisation depreciated from N30.394 trillion to N30.391 trillion on Monday. This is a difference of N3.34 billion or -0.01 per cent. Also, the...
