Access Bank Group Managing Director/Chief Executive Officer, Herbert Wigwe, has acquired new shares in the financial institution to expand his control over the company. In the...
The equity capitalization in the Nigerian capital market capitalization rose by a mere N8.64 billion at the close of trading on Wednesday. This followed the increase...
The Naira and dollar exchange rate dropped by N100 in the black market on Wednesday, indicating that the Nigerian currency was appreciating in value against the...
Facebook’s parent company, Meta, has sacked 11,000 staff in a significant cull in the organization’s history. The Meta boss, Mark Zuckerberg, confirmed the development in a...
For the first time since July 2022, the daily crude oil production output of Nigeria rose above one million barrels per day (bpd) in October, the...
Elon Musk’s net-worth has fallen below the $200 billion mark after selling part of his shares owned in electric vehicle manufacturer, Tesla. The wealth of the...
Zhao Changpeng, the founder of the world’s largest cryptocurrency company, Binance, has agreed to acquire another cryptoexchange, FTX. The deal between Binance and FTX was disclosed...
The Nigerian capital market tumbled on Tuesday following the dip in the share price by -1.82 percent at the close of the day’s trading. Consequently, the...
Individuals and traders are still buying dollars at a premium rate in the black market, and this will continue to fuel inflation for goods that the...
New Twitter owner, Elon Musk is considering suing activist groups after they compelled advertisers to cancel the advertisement budget for the social media company in protest...
For taxable supplies made to them, Deposit Money Banks (DMBs), MTN and Airtel will withhold the 7.5 per cent Value Added Tax (VAT) on behalf of...
“All-time highs”, that is the current user growth of Twitter since Elon Musk officially took over the reigns at the social media company after splashing $44...
Twitter has reportedly reached out to some staff to return to their positions days after they were laid off by the new owners of the microblogging...
The Nigerian capital market traded flat on Monday with the equity capitalization closing at N24.11 trillion at the close of the day’s business. The bourse held...
Meta co-founder and Chief Executive Officer, Mark Zuckerberg, is reportedly taking the same path with Twitter’s Elon Musk by sacking workers to save his firm’s earnings....
The Labour Party presidential candidate, Peter Obi, has disagreed with persons that believe the Nigerian economy was not diversified. Obi, who spoke at a presidential town...
The Labour Party presidential candidate, Peter Obi, has identified an unbalanced budget as the cause of Nigeria’s economic crisis. Obi, who spoke at a presidential town...
MTN Nigeria has announced that its services would be unavailable to subscribers on Tuesday. The network provider said in an SMS to subscribers on Sunday that...
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...
On the trading floor of the Nigerian stock market this week, 1.410 billion shares exchanged investors’ hands in 19,025 deals valued at N15.510 billion. The volume...
Elon Musk has stated that Twitter losing $4 million per day led to the sack of some workers at the company, following his $44 billion acquisition....
A leading logistics firm, GIG Logistics, on Friday, hosted an online conversation and shared tips on how small business owners can break into international markets. The...
Investors in the Nigerian capital market pocketed N17.69 billion at the close of trading on Friday. This followed the rise in market capitalization by 0.07 percent...
In an effort to stop the ongoing vandalism of the assets, the Federal Government conducted a workshop on Thursday to set up a framework for the...
Nigeria’s vast non-oil endowment must be urgently leveraged to diversify and expand its revenue base, reduce the dependence on crude oil for foreign exchange earnings, and...
Oando Plc has obtained a court order for extension to develop and submit Scheme of Arrangement Document for the purchase of minority stake from shareholders. Oando’s...
Residents and businesses in the United Kingdom have been told to brace for a rise in cost of living, as the Bank of England (BoE) expects...
The Nigerian capital market dipped by -0.10 percent at the close of trading on Thursday. The development pushed down the equity capitalization by N25.2 billion from...
Emirates Airlines has suspended flight operations into Nigeria over blocked funds. In a statement issued on Thursday, the airlines said the decision took effect from October...
Access Bank has informed its customers that applications to obtain dollars for school fees abroad, maintenance/upkeep requests will now be determined by availability of the foreign...
The equity capitalization at the Nigerian capital market rose by 1.22 percent at the close of trading on Wednesday. The development pushed up the equity capitalization...
Bureau De Change operators supplied the dollars at various rates in the black market on Wednesday. To the surprise of many who stormed the black market...
Stanbic IBTC financial statements for the nine months period of 2022 showed that the lender grew its revenue by 41 per cent, with its profit after...
Coca-Cola, Amazon, Apple, amongst other Fortune 500 corporations have been urged to boycott Twitter ads after Elon Musk’s acquisition of the social networking site. Over 40...
The Nigerian capital market ended trading on Tuesday with N23.82 trillion equity capitalization. The All-Share Index also closed at 43,745.73 after eight hours of trading on...
Preline Limited has completed the mandatory takeover of 1,300,000 ordinary shares from other shareholders in Eterna Plc. Eterna Plc confirmed the development obtained by Ripples Nigeria...
Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc has announced a profit before tax (PBT) of N36.27 billion for the nine months ended September 30, 2022....
The Bureau of Public Enterprises (BPE) has explained the reason for the non-payment of severance packages for former staff of the Skypower Aviation Handling Company Limited...
International Breweries said foreign exchange illiquidity and other factors affected the business of the firm, after suffering N3.14 billion net loss in Q3 2022. The brewer...
Elon Musk is reportedly making changes to how Twitter users get and retain their verification badge, and also reviewing the Twitter Blue package on the social...
With the resumption of trading this week, Dangote Cement, RT Briscoe, Airtel Nigeria, and MTN Nigeria are some of the shares stock investors need to watch...
Recently, the Central Bank of Nigeria (CBN) announced that it plans to redesign some of the country’s naira notes, including N100, N200, N500, and N1000. The...
The world’s richest man, Elon Musk, said on Sunday he would create a council to moderate content on the microblogging platform, Twitter. The billionaire, who recently...
Wema Bank Plc, has recorded gross earnings of N95.345 billion in the third quarter ended September 30, 2022, representing a growth of 51.17% year-on-year, from N63.077...
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 at the Nigerian capital market traded 598.817 million shares worth N14.234 billion in 15,859 deals this week. This however fell short of the 938.020 million...
Retail lender, Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17% growth in gross earnings to...
Shelter which is housing is an indicator of being successful in Nigeria whether built or rented. However, a built one with your money is the height...
The Chief Executive Officer of Lafarge Africa, Khaled El Dokani, on Friday decried the exchange rate situation in Nigeria. in a corporate document sent to shareholders...
Capital Hotels Plc has disclosed that the company has temporarily shutdown Sheraton Abuja Hotel, amid majority stake acquisition by 22 Hospitality Limited, and disagreement with its...
