Russia has been banned from exporting about 90% of its oil to European countries, amid fresh sanctions by the European Union (EU) in its effort to...
Former Diamond Bank Executive Director, Chizoma Okoli, has acquired almost a million naira worth of shares in Access Holdings, the parent company of Access Bank, as...
European countries’ leaders are currently at loggerheads after they failed to find a lasting agreement on ban of Russian crude oil and gas. In a meeting...
Investors at the Nigerian capital market lost N168.8 billion following the crash in equity capitalization by -0.57% on Monday. After eight hours of trading on Monday,...
The founder of Dangote Group, Aliko Dangote, has urged the government to ensure single-digit tax regime in the oil industry, in order to lure investment into...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that a total of 61,884.291 metric tonnes (MT) of Liquefied Petroleum Gas (LPG) was imported...
Nigeria’s external reserve has dropped to a seven-month low as exporters, politicians and others tightened their grip on dollars. According to data obtained from the CBN...
Investors traded 1.840 billion shares valued at N27.286 billion in 27,273 deals last week. However, this fell short of the 3.021 billion shares worth N31.784 billion...
Billionaire, Elon Musk, has stated that his internet service company, Starlink, will lift people out of penury as the network provider is set to enter Nigeria,...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The Central Bank of Nigeria (CBN) has revealed that its loans to farmers have now crossed the N1 trillion mark amid rising loan defaults. Recently a...
First Bank of Nigeria Holdings revenue grew 28.2% year-on-year, to N757.3 billion in 2021, against the N590.7 billion grossed during the corresponding period a year before....
The Nigerian government has approved the Starlink Network in the country. The Tesla owner, Tesla, Elon Musk, is the Chairman of the Starlink Network. The South...
Investors at the Nigerian capital market pocketed N503.5bn on Friday following the rise in equity capitalization by 1.75 percent at the close of the day’s business....
To encourage and simplify vehicle ownership for personal use by millions of Nigerians, First City Monument Bank (FCMB) now offers auto loans of up to N30...
Glencore, a mining and commodities trading firm, that paid bribe to some officials of the Nigerian National Petroleum Corporation (NNPC) to obtain an oil contract, has...
The Manufacturing Association of Nigeria (MAN) has revealed that its members in the country spent a total of N71.22 billion on buying diesel for alternative power...
First Bank of Nigeria Holdings (FBN) has clarified its 5% and above shareholders following the faceoff between Femi Otedola and Tunde Hassan-Odukale in the fourth quarter...
Following a 1.06% jump in the Nigerian bourse’s total share value on Thursday, the market capitalisation increased by N301.85 billion, to N28.65 trillion, having closed Wednesday...
Wema Bank has stated that it will investigate the opening of unauthorised accounts in the financial institution, after Ripples Nigeria broke the story that the firm...
Shareholders of McNichols lost -15.3% of their investment in the company within two days, after sell off trailed the bullish run of the indigenous food...
The African Development Bank (AfDB) on Wednesday predicted slow economic growth for the continent in 2022. The National Bureau of Statistics (NBS) on Monday announced a...
The equity capitalisation of the Nigerian stock market closed at N28.35 trillion on Wednesday, after the bourse appreciated by 1.23%. Following the increase, the market cap...
The Central Bank of Nigeria (CBN) has denied reports that President Muhammadu Buhari has sacked the apex bank governor, Godwin Emefiele, on Wednesday, after eight years...
Some customers of Wema Bank have accused the financial institution of conducting illegal banking practice in Nigeria. They said they discovered that the bank and its...
The Nigerian Electricity Regulatory Commission (NERC) will from July 1, 2022 review electricity tariff, about six months after carrying out a similar exercise. NERC stated its...
The Central Bank of Nigeria (CBN) has set a deadline for Other Financial Institutions (OFIS) to enroll their customers into Credit Risk Management System (CRMS). OFIS...
On Tuesday, the Central Bank of Nigeria (CBN) raised the benchmark interest rate to 13 percent, the first change in over two years. According to the...
Caverton Offshore Support Group, an oil and gas logistics firm, has lost its Chevron contract to Bristow Helicopter, and this is expected to negatively impact its...
Tesla owner, Elon Musk, has expressed the readiness of his internet service company, Starlink, to operate in Africa as the network provider looked to expand beyond...
Bearish sentiment continued to dictate the Nigeria capital market’s activities as another sell-off sent the bourse’s share down by -1.81 percent on Tuesday. Consequently, the equity...
The chairman of Association of Licensed Telecommunications Operators of Nigeria (ALTON), Gbenga Adebayo, has said network subscribers will bear the cost of the new telecoms tax...
Amid lingering forex scarcity, Nigerian banks have instructed their customers looking to buy foreign currency to put in their application 30 days ahead. This is coming...
Stanbic IBTC Chief Executive Officer, Demola Sogunle, has increased his ownership stake in the financial institution, as he continued his share acquisition spree that started last...
For the first time in two years, the Central Bank of Nigeria (CBN) has raised the lending rate for banks to 13 per cent. The Monetary...
Advertisers that violate the Advertising Practitioners Council of Nigeria’s (APCON) requirements, such as those who promote substandard and unverifiable advertising messages, will be punished. Dr Olalekan...
Starting from June 2022, the federal government will charge a five per cent tax for every airtime purchased by Nigerians. This is in addition to one...
The Nigerian stock market extended its loss into this week with a -0.12 percent crash in equity capitalization on Monday. Consequently, the equity capitalization dropped by...
Nigeria’s Gross Domestic Product (GDP) increased by 3.11 per cent in the first quarter of 2022, according to figures from the National Bureau of Statistics’ (NBS)...
As trading resumes this week in the Nigerian bourse, Seplat, McNichols and Multiverse are some of the stocks that investors should watch out for. Ripples Nigeria...
MTN Nigeria lost its position as the most valuable firm in the Nigerian capital market to telecoms rival, Airtel, as shareholders investment in the firm led...
Amid the lingering forex scarcity and dwindling external reserves, the Central Bank of Nigeria (CBN) has assured that there is enough in the nation’s reserve to...
The Central Bank of Nigeria (CBN) has dismissed report on planned replacement of Naira notes with the country’s digital currency, eNaira. Reports emerged at the weekend...
Investors at the Nigerian capital market traded 3.021 billion shares valued at N31.7 billion in 29,153 deals last week. These, however, fell short of 1.816 billion...
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is drafting six regulations on midstream and downstream operations to bring clarity, improve business processes...
The Central Bank of Nigeria (CBN) has come out to disown the news that it plans to replace the naira notes in circulation with digital currency....
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Tesla owner, Elon Musk, has suggested that the value of his Twitter deal would cost less than previously agreed. Ripples Nigeria had previously reported that Musk...
Investors at the Nigerian capital market lost N159.3 billion on Friday following the crash in the equity capitalization by-0.55% at the close of the day’s business....
McNichols Consolidated majority shareholder, Ijeoma Chimaraoke, is still in the capital market selling off her shares, as she continues to take out her investment in the...
