The Nigeria National Petroleum Company Limited (NNPC) Limited will begin drilling of the first oil well in Obi/Keana, Nasarawa State, on March 21. The NNPC Group...
The equity capitalization in the Nigerian capital market rose by 0.02 percent at the close of trading on Thursday. This represented a N7.53 billion growth in...
Julius Berger Nigeria has disclosed that it borrowed N30 billion in Nigeria’s fixed-income market through commercial paper issuance. In a corporate document obtained by Ripples Nigeria...
The Central Bank of Nigeria (CBn) has officially launched a website where Nigerians can return old N500 and N1,000 notes. This comes as President Muhammdu Buhari...
The equity capitalization in the Nigerian capital market rose slightly by 0.04 percent following a drop in demand for Japaul Gold, Sovereign Insurance, and other shares...
A crowdfunding Intermediary, Obelix, has raised N100 million from 9,324 registered small-ticket retail investors in the country. The company confirmed the development in a statement sent...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation returned to upward movement as it was high at 21.82 percent in January 2023. January...
Stanbic IBTC Insurance Limited, a subsidiary of Stanbic IBTC Holdings Plc, has urged Nigerians to purchase life insurance policies to help secure the financial future of...
The Central Bank of Nigeria (CBN) has reacted to a document alleging the apex bank has fixed February 15 and 17 as deadline to deposit the...
The Central Bank of Nigeria (CBN) has released guidelines to deposit old versions of the redesigned naira notes at its branches nationwide. The CBN announced on...
The equity capitalization in the Nigerian capital market rose by 0.21 percent at the close of trading on Tuesday. This represented a N60 billion growth in...
Nigeria’s equities market traded stocks worth N2.324 trillion last year. The figure was N425 billion or 22.4 percent higher than N1.899 trillion worth of equities traded...
The Naira redesign policy will result in an $18 million monthly loss in Nigeria’s gross domestic product (GDP), the Chief Executive Officer of the Financial Derivatives...
The Central Bank of Nigeria (CBN) has said old naira notes of N200, N500, N1000 notes are no longer legal tender in the country. Haladu Idris...
President Muhammadu Buhari has signed the business facilitation (miscellaneous provision) bill 2022 into law, the Presidential Enabling Business Environment Council (PEBEC) revealed on Monday. Buhari signed...
Over 110 data controllers and data processors are being probed by the Nigeria Data Protection Bureau (NDPB) for their data processing activities. The data bureau said...
The Central Bank of Nigeria (CBN) has recorded significant progress in its effort to mop up cash in the economy. In its latest data published on...
The Central Bank of Nigeria (CBN) on Monday urged Nigerians to use the eNaira as an alternative to the banknotes. The CBN’s Director of Corporate Communications,...
The Central Bank of Nigeria (CBN) has approved the appointment of an Indian, Manish Singhal, to the Sterling Bank Plc’s board. The bank confirmed the development...
The Nigerian capital market ended trading on Monday with a 0.06 percent rise in equity capitalization. This represented a N20.3 increase in the market capitalization from...
The Chartered Institute of Bankers of Nigeria (CIBN) has doused fears of any Nigerian Deposit Money Banks (DMB) collapsing due to the chaos from the Naira...
Investors are distancing themselves from Sterling Bank amid multiple accusations over their handling of the new Naira notes the Central Bank of Nigeria (CBN) handed to...
Four months ago, the Central Bank of Nigeria (CBN) announced that it was redesigning the N200, N500 and N1,000 notes, a move that shocked many Nigerians....
Data show that seven Nigerian banks in 12 months committed over N173.99 billion on the salaries and wages of their staff. This amount is 19.21 percent...
Ardova, FTN Cocoa and Ellah Lakes make the list of stocks to watch this week due to various reasons related to the stock market activities. Ripples...
Nigerians continue to carry out transactions with the old naira notes despite the Central Bank of Nigeria (CBN) deadline on the use of the old currency...
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 traded 944.293 million shares worth N22.710 billion in 18,615 deals this past week on the floor of the Nigerian Stock Exchange. This was below the...
The Central Bank of Nigeria (CBN) said on Saturday the redesign of the naira notes was initiated to make Nigeria’s monetary policy decisions more effective, and...
The Central Bank of Nigeria (CBN) has updated the list of actions that constitute an abuse of the naira notes. In a post on its Twitter...
The Central Bank of Nigeria had debunked media reports that the Nigeria Security Printing and Minting Company lacks the capacity to print new naira notes. The...
The equity capitalization in the Nigerian capital market crashed by -0.05 percent at the close of trading on Friday. This represented a N17.7billion dip in the...
The Federal Government has directed depot operators to sell Premium Motor Spirit (PMS) also known as petrol at the official price of N172 per litre to...
Wema Bank has reported a N12.6 billion profit in 2022, its highest profit in seven years. The full-year 2022 profit is also 41.7 percent increase when...
Instant electronic payment dropped to N38.77 trillion in January 2023 despite the Central Bank of Nigeria (CBN) hoping the Naira redesign policy would push digital transactions...
The Central Bank of Nigeria (CBN) on Thursday blamed Nigerians for the scarcity of the naira notes in the country. The Director of Consumer Protection, Rashidat...
With N36.57 billion lost during trading on Thursday, the market capitalisation of the Nigerian stock market closed down at N29.60 trillion. This is a -0.12 per...
The relatives of Femi Otedola, the majority shareholder of Geregu Power Plc, have acquired millions of shares in the electricity company. Paul Olurotimi Otedola and Ayokunle...
The Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions (OFIs) under its regulation and payment service providers to search through their...
Sterling Bank has countered claims made by the Independent Corrupt Practices Commission (ICPC) that the anti-corruption agency “discovered” new Naira notes worth N258 million in the...
The Nigerian stock market recovered from Tuesday’s loss with a 0.23 per cent rise in the equity capitalisation on Wednesday, which reflects a N69.33 billion gain....
The International Monetary Fund (IMF) has waded into the current naira scarcity in Nigeria by calling on the Federal Government and the Central Bank of Nigeria...
The Nigerian National Petroleum Company (NNPC) Limited said on Tuesday the average petrol supply for the country currently stands at 63 million litres per day. The...
Zenith Bank Plc has shut down some of its branches in the Federal Capital Territory (FCT) and other states following attacks from customers over their inability...
Investors in the Nigerian capital market lost N37.02 billion to sell-off in Japaul Gold and UAC Nigeria, among others on Tuesday. After five hours of trading...
Following discovery that Sterling Bank was hoarding the new Naira notes, preventing its customers from accessing their funds, the firm has waved charges on transfers. A...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has dismissed reports making the rounds that it had directed members to suspend operations across the country. IPMAN President,...
UAC of Nigeria PLC (UAC) has recorded N4.7 billion loss in the full year of 2022, no thanks to high operating costs. Checks on the company’s...
The Central Bank of Nigeria (CBN) should have introduced N5,000 notes to avoid the hardship Nigerians are facing due to the Naira redesign, the Director-General of...
Ardova Plc has began the move to go private, as Ignite Investments & Commodities Limited, owned by AbdulWasiu Sowami, has offered to buy out minority shareholders....
