Not everyone buys a property to live in. Some buy strictly for business when they envisage a kind of prospect with such property. Property conversion is...
Shareholders’ total investment in the Nigerian capital market rose by 0.19 percent at the close of trading on Friday. This means the equity capitalization in the...
On Friday, President Muhammadu Buhari presented the 2023 budget, which would cost a whopping N20.51 trillion, and force Nigeria to borrow N8.80 trillion to finance the...
Kogi state government has commenced the process of recovering the cement plant in Obajana from Dangote Industries Limited. The Dangote Cement plant in Obajana, Nigeria, is...
The United States government has expressed disappointment in the decision of the Organisation of the Petroleum Exporting Countries Plus (OPEC+) to cut production output. Ripples Nigeria...
Delaware’s Court of Chancery has set a deadline for Elon Musk to acquire Twitter, after the world’s richest man made a U-turn of his decision to...
The equity capitalization in the Nigerian capital market closed at N25.74 trillion on Thursday. Similarly, the bourse ended today’s trading with the All-Share Index settling at...
Dangote Cement Plc has reacted to the shutdown of its Obajana Cement Plant in Kogi State. The Kogi State House of Assembly sealed the factory on...
A new poll has revealed that many Nigerians still expressed pride in the country despite its numerous challenges. The opinion poll conducted by NOIPolls and released...
The Chief Financial Officer (CFO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Umar Ajiya, said Nigeria loses $150 million in revenue every day. Ajiya stated...
Investors have been dumping Guaranty Trust Holding Company (GTCO) shares since Ripples Nigeria reported hackers stole customers’ money in Guaranty Trust Bank (GTBank). The report published...
The Nigerian National Petroleum Company (NNPC) Limited has uncovered an illegal four-kilometer pipeline from Forcados in Delta State to the sea and a loading port that...
The Organization of the Petroleum Exporting Countries (OPEC+) announced members of the oil group, comprising Nigeria, have agreed to cut down global crude oil production output,...
The Senate on Wednesday approved the 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for the country. This followed the adoption of the...
Mobile telecommunications giant, MTN Nigeria, on Wednesday announced an upgrade of its system. In a message sent to subscribers, and seen by Ripples Nigeria, MTN Nigeria...
Talulah Riley, the ex-wife of Tesla founder, Elon Musk, has encouraged the billionaire to buy the microblogging platform, Twitter, and delete it. The English actress was...
Access Bank has signed an agreement to acquire 51% majority shareholding in Finibanco Angola S.A from Montepio Holding SGPS S.A, the parent company, Access Holdings Plc...
Geregu Power Plc, an electricity power plant owned by Nigerian billionaire, Femi Otedola, has gone public on the Nigerian stock exchange on Wednesday. Otedola listed Geregu...
The World Bank has cut Nigeria’s economic growth forecast for 2022 while painting a depressing picture of the finances of Nigeria. In its biannual Africa’s Pulse...
World’s most popular cryptocurrency, Bitcoin, has been on the rise since McDonald’s, a Multinational fast-food chain, integrated bitcoin into its payment option in Lugano, Switzerland, on...
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, said on Tuesday the risk of bank failure in Nigeria has increased due to the rise...
The microblogging platform, Twitter’s market valuation rose by 22.09 percent on Tuesday. This followed a report that the world’s richest man, Elon Musk, has proposed to...
The Nigerian National Petroleum Corporation (NNPC) Limited has declared a profit of N674billion for 2021. The NNPC Group Managing Director, Melee Kyari, disclosed this in a...
The National Bureau of Statistics (NBS) has revealed that Nigeria earned N11.53 trillion from the export of crude oil in the first half of 2022. This...
China, Nigeria’s biggest bilateral creditor, is reported to be scaling back lending in Africa amid its worsening growth woes. The decision of the Asian giant is...
The federal government of Nigeria is looking at buying China’s newly-certified C919 passenger jet, which is worth over $99 million or N42 billion. The Minister of...
Trading this week will be held for four days due to the public holiday slated for Monday, October 3, to mark Independence Day. Stocks to watch...
The National Bureau of Statistics (NBS) has revealed that the volume of motorcycles imported into the country has dropped significantly by N92 billion in the first...
Fidelity Bank has concluded plans to sell a significant stake in the company to private investors, as the Nneka Onyeali-Ikpe-led company is in need of capital...
The Nigerian National Petroleum Company Limited (NNPCL) has acquired all 380 Oando retail outlets, aviation and gas brands nationwide from OVH Energy. NNPC made this announcement...
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 management of Nigerian Exchange (NGX) Group Plc failed to tender the request to raise funds from the equity market at their 61st Annual General Meeting...
The World Bank has approved a $750 million support facility for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. The Washington-based organization disclosed this...
Another substantial shareholder of Nigerian Exchange Group (NGX Group), Miri Strategic Emerging Markets Fund LP has taken out its investment in the company. Miri Strategic Emerging...
The founder of FTX Crypto Exchange, Sam Bankman-Fried, offered to buy Twitter alongside Elon Musk, but the world’s richest man rejected the offer, preferring to acquire...
Shareholders of Nigerian Exchange Group (NGX Group) have filed an application at the Federal High Court, Lagos, seeking to stop the company from holding its Annual...
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) on Thursday threatened to disconnect banks in the country from the Unstructured Supplementary Service Data (USSD) over...
Sweden has discovered another leak on the Nord Stream 2 pipeline used by Russia to transport gas to countries in the European Union. Stockholm had also...
Royal Dutch Shell has announced the acquisition of Nigeria-based hybrid renewable energy provider Daystar Power for an undisclosed amount. The acquisition is part of Shell’s conscious...
The Nigerian stock market rebounded from the previous day’s loss with the bourse’s equity capitalization rising by 0.05 percent at the close of trading on Wednesday....
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Tuesday warned foreign airlines on the demand for payment in dollars. Emefiele, who spoke during...
Following the acquisition of a majority stake in Capital Hotel by 22 Hospitality Limited, the entire board of the former have resigned, ushering in a new...
The Central Bank of Nigeria (CBN) has disclosed that it injected over N9 trillion into the economy in the last three years. Godwin Emefiele disclosed this...
Cardinal Stone Partners Limited has sold its investment in NGX Group amid investors’ loss of interest in the company during the third quarter of 2022, a...
Patience Oniha, director- general, Debt Management Office (DMO) has given reasons for the borrowings embarked upon by the federal government being used to fund subsidy payments...
The Nigerian capital market’s value fell by -0.1 percent on Tuesday following the drop in equity capitalization to N26.51 trillion at the close of trading. The...
Guaranty Trust Bank (GTBank) seems to have become the go-to financial institution for fraudsters, as they target account holders in the bank led by Miriam Olusanya,...
On Tuesday, the Central Bank of Nigeria (CBN) raised its benchmark interest rate, known as Monetary Policy Rate (MPR), to 15.5 percent, the third straight hike...
The Chief Executive Officer of Twitter, Parag Agrawal, forced Elon Musk’s lawyer, Alex Spiro, a partner at Quinn Emanuel Urquhart & Sullivan, to postpone his deposition....
The Executive Director of Heritage Bank, George Oko-Oboh, has said wheat farmers received N41 billion intervention funds to aid production, at a period availability of the...
