Nigeria’s foreign direct investment (FDI) was crippled by the ban on Twitter and cryptocurrency according to a new report, ‘Africa’s Urbanisation Dynamics 2022: The Economic Power...
The Managing Director of Honeywell Group, Obafemi Otudeko, has said the company would begin investing in new sectors following the deal between Honeywell Flour Mills (HFM)...
JPMorgan has removed Nigeria from its list of emerging market sovereign recommendations over its fiscal woes. The global financial institution said Nigeria has failed to take...
Due to unresolved service conditions, employees of various agencies under the Ministry of Aviation have begun a two-day warning strike from Monday to Tuesday. During a...
Following threats to stop operations, the Nigerian National Petroleum Company (NNPC) Limited has negotiated an arrangement with Airline Operators of Nigeria (AON) to subsidize flights for...
The Nigerian stock market remains in a bullish position, as it continued in an upward trajectory on Monday, following a growth of 1.89% in market value....
The chairman, Major Oil Marketers Association of Nigeria (MOMAN), Olumide Adeosun, has revealed the reasons cost of aviation fuel, Jet A1, is rising amid threats from...
The Chief Executive Officer of Aero Contractors, Abdullahi Mahmood, has warned that airlines mortality rate in Nigeria’s aviation industry will rise due to the current struggle...
The immediate past chairman of Major Oil Marketers Association of Nigeria (MOMAN), Tunji Oyebanji, has accused airline operators of trying to force the Federal Government to...
The Federal government has revealed that Nigeria’s gas reserve has recorded a slight increase from 206.53 trillion cubic feet in 2021 to 208.62 trillion cubic feet...
The Federal Competition and Consumer Protection Commission (FCCPC) has pledged to ensure consumer protection and the elimination of unfair business practices amongst capitalist corporations, in the...
The Cinema Exhibitors Association of Nigeria (CEAN) has revealed that Nigerians in the month of April spent a total of N582 million on cinema tickets across...
As the stock exchange returned to its five days trading activities calendar this week, after the two-day Eid-ul-Fitr holiday last week, Ripples Nigeria brings you five...
Despite plea from the Federal Government, Air Peace, Arik Air and some other members of the Airline Operators of Nigeria (AON) are going ahead with their...
The Nigerian bourse saw less trading activities this week due to the public holidays of Monday and Tuesday, May 2nd and May 3rd, for the celebration...
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...
Ibom Air, one of Nigeria’s carriers, has opted to not participate in the planned suspension of flight operations by Airline operators on Monday, May 9, 2022,...
International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, has warned countries to desist from adopting cryptocurrency as their legal tender, against central bank-issued money. Georgieva’s caution...
The Nigerian Communications Commission (NCC) has failed to rule out the possibility of increase in tariff, as requested by the Association of Licensed Telecommunication Operators of...
Sen. Hadi Sirika, the Minister of Aviation, has pleaded with Nigerian airlines to postpone their planned shutdown on Monday due to the exorbitant cost of aviation...
Investors at the Nigerian capital market pocketed N53.4 billion following the rise in equity capitalisation by 0.19 percent on Friday. After eight hours of trading, the...
It wasn’t a great day for billionaire, Elon Musk and the remaining top three wealthiest people on Thursday, following heavy losses in their networths, but the...
The Central bank of Nigeria (CBN) continues its withdrawal from Nigeria’s external reserves as it continues its intervention in the forex market. Data obtained from its...
The former Chief Business Officer of WhatsApp, Neeraj Arora, has criticised Facebook founder, Mark Zuckerberg, over the handling of the world’s largest messaging app. WhatsApp has...
The founder of FCMB, Michael Balogun, has acquired N24.5 million worth of stocks in the financial institution, while his investment company also increased its stake in...
Cryptocurrency billionaire, Changpeng Zhao, has joined the list of investors looking to have a stake in Twitter after Elon Musk took the company private, as the...
The Nigerian capital market continued its bullish run on Thursday following the rise in equity capitalization by 1.41 percent at the close of the day’s trading....
SpaceX founder, Elon Musk, has concluded plans to take over as the temporary Chief Executive Officer of Twitter once the deal is completed. The development will...
The Nigerian Electricity Regulatory Commission (NERC) has announced that electricity companies in Nigeria can adjust their tariff upwards. The new approval was scheduled to take effect...
The Central Bank of Nigeria (CBN) has warned banks and other financial institutions in the country to be vigilant as regards transactions involving Benin Republic. Nigeria’s...
In the first four months (January to April) of 2022, the volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign...
Access Holdings Plc has announced that its banking subsidiary, Access Bank, secured $50 million from the international capital market via a private placement on the London...
Dangote Cement has raised N116 billion from banks and high networth individuals to repay the cement business rising debt, as well as finance other company-related operation....
The Nigerian capital market resumed from the Workers Day and Eid el-Fitr holiday to hit another milestone as the equity capitalisation rose to N27.02 trillion, its...
The jersey worn by Argentine football legend, Diego Maradona, when he scored the famous “Hand of God” goal against England in the 1986 World Cup quarter-final...
MTN Nigeria and its market rival, Mafab Communications Limited have received greenlight to roll out the Fifth Generation (5G) network in the third quarter of this...
The oil market was up on Wednesday, with Brent crude selling at $109.06 per barrel, a rate last seen a day before April ended, as the...
World’s richest man, Elon Musk, has hinted on charging some category of Twitter users when the takeover deal is finalised, stating that services shouldn’t be provided...
The Nigerian National Petroleum Company Limited (NNPC) has revealed that Nigeria in the first three months of 2022 recorded $565.5 million export sales of crude oil...
The cofounder and Chief Executive Officer of Netflix, Reed Hastings, is bearing the brunt of the video-streaming service’s crash, as he fell 321 places within a...
For the fourth time this year, Nigeria again failed to meet the oil production quota allocated to member countries by the Organisation of Petroleum Exporting Countries...
Investors in the Bitcoin community are looking forward to the days the value of the crypto asset would appreciate after experiencing a sluggish movement in the...
The Association of Nigerian Licensed Customs Agents (ANLCA) has described President Muhammadu Buhari’s administration as insensitive over the 15 percent National Automotive Council (NAC) levy placed...
Nigeria’s deal with Russia, involving potash trade, has taken a hit from the United States-led sanctions, as President Muhammadu Buhari’s administration is forced to trade with...
The National Pension Commission (PenCom) has revealed an increase in the country’s pension fund assets by over N1.5 trillion or 12.46 per cent in the last...
Nigerian banks recorded an impressive first quarter of 2022, with 12 reporting a profit before tax of N334 billion. This was an increase of 13.7per cent...
Cybercriminals increased their attacks on Nigerian businesses in 2021, exploiting business owners with ransomware, as 5,600 small and medium enterprises in 31 countries fell victim. According...
Bitcoin investors are unhappy with American billionaire, Warren Buffet, after the founder of Berkshire Hathaway, threw shade at the cryptocurrency during his company’s annual shareholders meeting...
Nigerians spent over N245.61 billion to consume alcoholic and non-alcoholic drinks within three months of this year’s Q1, parting with 31.17% more than they paid for...
Flour Mills of Nigeria, Total Energies and MTN Nigeria made it into the stock to watch list for this week, as the capital market resumes trading...
