In the next two months, Game Stores, a South African retail giant owned by Game Discount World Limited, will exit the Nigerian market, more than a...
The final acquisition of Twitter by the world’s richest man, Elon Musk, has led to the dismissal of the firm’s Chief Executive Officer, Parag Agrawal. Agrawal...
South African billionaire, Elon Musk has taken control of the microblogging site, Twitter and has fired its CEO and at least two other top executives, according...
The federal government, states, and local councils on Thursday shared N760billion as revenue allocation for September. The Federation Account Allocation Committee (FAAC) disclosed this in a...
Investors at the Nigerian capital market lost N127.77 billion at the close of trading on Thursday. This followed the crash in equity capitalization by -0.52 percent...
Ratings agency Agusto & Co. has upgraded Wema Bank Funding SPV Plc’s Series II Bond to ‘Bbb+’, with a stable outlook, from the previous ‘Bbb’ score....
MTN Nigeria has borrowed €100 million from the European Investment Bank (EIB) to finance its 4G network operation in Lagos and Ogun State. The €100 million...
World’s richest man, Elon Musk, has informed Twitter advertisers that he isn’t buying the social media company to make more money, and also hinted on compensating...
The invasion of Ukraine has cost Russia the investment of another foreign investor, Mercedes-Benz, as the vehicle manufacturer announces its decision to sell assets to a...
The President, Major General Muhammadu Buhari (retd.), on Thursday in Seoul, South Korea, witnessed the signing of a Memorandum of Understanding (MoU) between Nigerian National Petroleum...
The Federal Government has revealed that no company made a bid for Port-Harcourt Airport as concession towards the privitisation of the nation’s airports was unveiled. Hadi...
The Central Bank of Nigeria (CBN) has announced the suspension of charges on bank deposits by customers. In a briefing on Wednesday in Abuja, the Governor...
The Executive Chairman of Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has vowed to go after hoarders of naira, as the redesigned currency is set...
The Nigerian capital market continued on its growth path with a 0.15 percent rise in equity capitalization at the close of trading on Wednesday. Consequently, the...
The Guaranty Trust Holding Company (GTCO) net profit rose by 0.73 percent in the third quarter of this year. GTCO disclosed this in its third-quarter consolidated...
American recording artiste, Kanye West has continued to feel the brunt of his controversial anti-Semitic statement during a Drink Champ podcast earlier in the month of...
The Federal Inland Revenue Service (FIRS) has disclosed the commencement of tax deductions at online betting transaction sites. This was announced on Wednesday in Abuja by...
The Central Bank of Nigeria (CBN) on Wednesday announced that it would soon release resigned naira notes into the economy. Governor of the CBN, Godwin Emefiele...
KPMG Nigeria has revealed that Nigeria is at risk of a deeper debt crisis if the government does not take urgent steps to boost revenues. Adewale...
American rapper, Kanye West, is no longer a billionaire after his partnership with Adidas for his fashion brand, Yeezy, was terminated by the footwear company. On...
Dangote Industries Limited has resolved to borrow N112 billion from investors to complete its refinery project. The company requires an additional $1.1 billion to be partly...
The Governor of the Central Bank of Nigeria, Godwin Emefiele, said on Tuesday the country’s digital currency, eNaira, has recorded over 700,000 transactions worth N8 billion...
Investors at the Nigerian capital market went home with N177.8 billion following the rise in equity capitalization by 0.73 percent at the close of trading on...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has disclosed that $120 million will be provided to foreign airlines to enable them repatriate...
National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission (FCCPC) have approved the acquisition of Sigma Pensions Ltd by Access Bank’s parent firm,...
The Federal government is to get $1.8 billion from the Islamic Development Bank, to be used to execute projects across the country. This was disclosed by...
Titan Trust Bank Limited has triggered a mandatory takeover of Union Bank of Nigeria Plc, a corporate document sent to investors has revealed. Ripples Nigeria had...
The Central Bank of Nigeria (CBN) has published guidelines for the supervision of Payment Service Banks (PSBs). The framework allowed the PSB operators to sell foreign...
The United Bank for Africa (UBA) posted N116.04 billion as net profit in the first nine months of this year. The lender was also fined N235...
A new era of claims settlement is set to hit the insurance industry as flood take over offices, farmlands, and roads in many parts of the...
The total market share in the Nigerian capital market went up by 0.14 percent at the close of trading on Monday. Therefore, equity capitalization rose by...
Ten months after MTN Nigeria and Mafab Communications won the bids for the fifth generation (5G) network spectrum, the Nigerian Communications Commission (NCC) is set to...
Following its declaration of force majeure due to the flooding that is devastating the country and disrupting supplies, the Nigeria Liquefied and Natural Gas (NLNG) Company...
Airtel Nigeria, MTN Nigeria and Ardova are some of the shares that stock investors need to have on their radar going into this week’s trading session....
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...
Nigeria’s national carrier will begin operation in December with 20 petrol-aircraft, the Minister of Aviation, Hadi Sirika, has disclosed. Ripples Nigeria gathered that nine of the...
The National Bureau of Statistics (NBS) has disclosed that the average price of cooking gas has increased by 86 percent in a year. It stated this...
Martins had lived in rented apartments at different times before making up his mind to own a home. All his experiences weren’t pleasant. He had lived...
The market valuation of the Nigerian stock exchange rose by 0.14 percent at the close of trading on Friday. This means the capital market’s equity capitalization...
The new owners of Polaris Bank Limited, Strategic Capital Investment Limited (SCIL), on Friday announced a new management team for the lender. SCIL completed the acquisition...
On Thursday, the Central Bank of Nigeria (CBN) disclosed that Polaris Bank had been sold to Strategic Capital Investment Ltd. (SCIL) after being under government’s control...
The relationship between Nigeria and Ethiopia on the Nigerian Air project has been questioned by the House of Representatives Committee on Aviation, on Thursday. The lawmakers...
The Central bank of Nigeria (CBN) has explained the reason there’s a N1.15 trillion difference in the initial amount paid by Strategic Capital Investment Limited (SCIL)...
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) on Thursday confirmed the sales of Polaris Bank. This followed the completion...
The Nigerian stock exchange halted this week’s losses with a 0.03 percent rise in equity capitalization at the close of trading on Thursday. The development lifted...
The chairman of the House of Representatives’ ad-hoc committee investigating the sale of Polaris Bank, Henry Nwabuba, revealed on Wednesday, that 35 companies offered bids to...
The African Development Bank (AfDB) has signed a $50 million Line of Credit Agreement with Nigeria’s First City Monument Bank (FCMB) to support access to finance...
The Federal Govenment might have triggered a showdown with the telecommunications sector after ordering the reversal of the implementation of the newly approved 10% hike in...
Acquisition talks between network providers, MTN Group and Telkom, have broken down, as both companies disagreed on the way forward pertaining to the deal. MTN Group...
Almost 1,000 employees working with Microsoft have lost their jobs after the technology company’s revenue failed to meet or surpass analysts’ turnover projection. Microsoft sacked the...
