The International Monetary Fund (IMF) has offered advice to the Central Bank of Nigeria (CBN) on exchange rate management, and how to solve the Naira’s depreciation....
The International Monetary Fund (IMF) has expressed doubt about the reported volumes of fuel consumed in Nigeria. The Nigerian National Petroleum Company (NNPC) Limited has consistently...
The Nigerian capital market recorded a positive return on investments with the equity capitalization closing at N24.23 trillion at the close of trading on Friday. The...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has advised the Federal Government to prioritise revenue generation, and not increase borrowings. During a workshop...
The Chief Executive Officer of Amazon, Andy Jassy, said the economic downturn is affecting the company, making it impossible to sustain its current workforce. Amazon had...
Rising level of public debt, debt service and fuel subsidy is affecting the revenue generation of the Federal Government, the Federation Account Allocation Committee (FAAC) Post-Mortem...
The Central Bank of Nigeria (CBN) has revealed that it provided $8.89 billion to seven sectors of the economy between January and June 2022 to fund...
The value of investments in the Nigerian capital market dropped by 0.08 percent at the close of trading on Thursday. After eight hours of trading on...
The world’s richest man, Elon Musk, is in a court battle with Tesla shareholder, Richard Tornetta, over his decisions on the affairs of the electric carmaker....
The Rice Farmers Association of Nigeria and Tiamin Rice Company have signed a memorandum of agreement for the processing and sale of rice domestically and abroad....
The Federal Government has opened up gas blocks in Niger Delta, Anambra and Sokoto, amongst others for investment, in line with its National Gas Expansion Programme....
Cryptocurrency lender, BlockFi, is reportedly planning to file for bankruptcy, according to multiple media reports on Wednesday, days after cyrpto exchange company, Futures Exchange (FTX) declared...
Women-owned businesses in Nigeria will receive $100 million worth of investment from the United Kingdom, British high commissioner to Nigeria, Catriona Laing, has revealed. The funding...
Elon Musk, the Chief Executive Officer of electric carmaker, Tesla, plans to resign from his CEO position in the social media company, Twitter, amid a lawsuit...
The Chief Executive Officers of International Breweries Limited and Chams Holding have resigned from their positions in the companies. The International Breweries said in a document...
The equity capitalization in the Nigerian capital market rose by 0.5 percent at the close of trading on Wednesday. After eight hours of trading on the...
A poll sampling financial experts has revealed that the Central Bank of Nigeria (CBN) will devalue the country’s currency, Naira after the 2023 election. According...
The National Bureau of Statistics (NBS) has revealed that Nigerians have spent about N9.51 trillion on household expenses monthly. In the recently released data on Nigeria’s...
Access Bank now has two substantial shareholders with 5% and above stake, as the company’s Group Managing Director, Herbert Wigwe, has acquired more shares in the...
Justice Lewis Allagoa of the Federal High Court, Lagos, on Tuesday, restrained the Federal Government from going ahead with its national carrier agreement with Ethiopian Airlines....
The Nigerian Communications Commission (NCC) has rejected Airtel Africa’s bid to buy 3.5GHz spectrums for 5G deployment without participating in an auction. Airtel Africa had during...
The Nigerian bourse extended its decline on Tuesday, as the market capitalisation fell to N23.861 trillion. It depreciated by 0.02 per cent, losing N5.37 billion from...
The National Bureau of Statistics (NBS) revealed that Nigeria’s food inflation hit 23.72 per cent in October 2022, in contrast to the 23.34 per cent recorded...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has disclosed that Nigeria is struggling to borrow money from international creditors due to its economic...
The Organisation of Petroleum Exporting Countries (OPEC) has placed Nigeria as the fourth oil producing country in Africa. Like in previous months, OPEC revealed that Angola,...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate surged to 21.09% in October 2022, the highest in over 19 years. NBS stated...
A Nigerian indigenous carrier, Air Peace, said it has suspended flights from the country to Dubai, United Arab Emirates, as a result of the non-issuance of...
Amazon, an American multinational technology company, has announced plans to lay off as many as 10,000 of its employees. Multiple sources confirmed the development on Tuesday,...
The Central Bank of Nigeria (CBN) has confirmed increased deposits in commercial banks across the country. Ostia Nwanisobi, the CBN Director of Corporate Communications, disclosed this...
Bread makers in Nigeria are contemplating another increase in the price of bread or size reduction over the rise in the cost of flour. The price...
Investors in the Nigerian capital market lost N82.04 billion at the close of trading on Monday. This represented a -0.34 percent drop in the value of...
Indian billionaire, Mukesh Ambani, has joined the list of businessmen interested in acquiring English Premier League club, Liverpool, after the owners put the EPL side up...
In 2009, when the world’s first cryptocurrency, Bitcoin (BTC), was launched, Sam Bankman-Fried was still a high school student at Crystal Springs Uplands School, in Hillsborough,...
The Independent Petroleum Marketers Association of Nigeria (lPMAN) has said petrol subsidy in Nigeria was no longer sustainable. Mr Mike Osatuyi, the National Operations Controller of...
Nigerian domestic airlines, led by Air Peace, Max Air, Azman Air, Topbrass Aviation, and United Nigeria Airlines have sued the Federal Government over the selection of...
The Nigerian National Petroleum Company (NNPC) Limited’s stock of Premium Motor Spirit, popularly called petrol, has increased significantly following the return of queues in Abuja, Nasarawa,...
The Nigerian stock market resumes for another trading week, and some of the stocks to watch are Access Corporation, Stanbic IBTC, and Guinness. Ripples Nigeria stocks...
In the last few days of last week, the recovery of the Nigerian currency, the Naira, had investors skeptical that the rally would last. On Thursday,...
The National Bureau of Statistics (NBS) has revealed that the salaries of Nigerian workers had dropped to a 21-month low. NBS stated this in its Nigerian...
Twitter Chief Executive Officer, Elon Musk, has criticised the founder of Futures Exchange (FTX) and Alameada Reasearch, Sam Bankman-Fried, amid allegation of misusing customers’ funds and...
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...
One of the world’s biggest cryptocurrency exchanges, Futures Exchange (FTX), has filed for bankruptcy, as the wealth of the founder, Sam Bankman-Fried, crashed to zero. FTX...
The equity capitalization in the Nigerian capital market went up slightly by 0.05 percent on Friday. The market capitalization rose by N14.12 billion from N23.93 trillion...
The microblogging site, Twitter, has suspended its newly introduced $8 subscription based verification. The social media network disclosed this in a statement on Friday after some...
Days after announcing that his company, Binance, was planning to acquire cryptocurrency exchange, FTX.com, Zhao Changpeng, has pulled out of the deal. Ripples Nigeria had reported...
Investors in the Nigerian capital market went home with N253.45 billion following the growth in equity capitalization by 1.07 percent on Thursday. Market data showed that...
The dollar sold for N850 in the black market on Thursday. A Bureau De Change operator in the Ogba, area of Lagos State told Ripples Nigeria...
The Group Managing Director of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, is opposed to the current price of Premium Motor Spirit (PMS) also known...
The Asset Management Corporation of Nigeria (AMCON) has moves to prevent debtors from securing future government contract, as it recovers N307 billion from government debtors between...
Stanbic IBTC has denied acting against a court order in its faceoff with Ascon Oil Company Limited over an indebtedness of N2,465,914,688 and $59,260.94. A group...
