The House of Representatives on Friday questioned how contract bids for rehabilitation of railways by the Bureau of Public Procurement (BPP) involved only two Chinese companies....
The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, on Thursday hinted that the...
Nigerian equities continued to ride on the back of positive sentiments that trailed a N136.3 billion dividend announcement by Dangote Cement, extending the gaining momentum to...
The board of directors of United Bank for Africa (UBA) Plc on Tuesday met and appointed Mr. Kennedy Uzoka as the new group managing director with...
Shareholders of Dangote Cement Plc would receive a total of N136.3 billion as cash dividends for the business year ended December 31, 2015. The board of...
Nigerian equities sustained their upswing yesterday as announcement of dividend of N136.3 billion by Dangote Cement Plc roused the Nigerian stock market to another positive closing....
Nigerians spend about $2 billion annually on education abroad, Chairman, Senate Committee on Tertiary Education and TETFund, Senator Binta Garba has said. The money, she disclosed,...
Against the backdrop of reservations from the Academic Staff Union of Universities (ASUU), plus other government agencies and parastatals hoping to get exemption from Treasury Single...
Of the over 97 Standing Committees of the House of Representatives 60 have since submitted their 2016 budget report, the Chairman, House Committee on Appropriation Abdulmunin...
The Nigerian Communications Commission, NCC, has fined MTN Nigeria and Globacom Ltd a total of N34 million for breach of the Mobile Number Portability business rules...
Vice President, Prof. Yemi Osinbajo and a former Governor of the Central Bank of Nigeria, Mr. Joseph Sanusi on Saturday expressed divergent views over whether or...
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, at the weekend, reshuffled some of his directors, in what observers say is in response top the...
The bid by Etisalat Nigeria Limited to reverse the acquisition of Visafone’s 800megahertz (MHZ) spectrum by MTN Nigeria has hit a brick wall, as Justice Ibrahim...
Nigerian equities rode on the back of renewed bargain-hunting on Thursday to halt consecutive days of declines as investors sought to take advantage of low prices...
In its quest to address inconsistencies and alleged padding discovered by various standing Committees during interface with the Ministers and Heads of Departments and Agencies, the...
A massive sell off in the banking sector weighed down the performance of the Nigerian stock market on Wednesday as investors reacted sharply to profit warning...
The controversies trailing the implementation of the Treasury Single Account, TSA, came to a head on Wednesday, as the Senate directed the Central Bank of Nigeria...
The downtrend that opened the Nigerian stock market this week worsened on Tuesday as investors dumped shares in several highly capitalised banking, manufacturing and oil and...
In from Ripples Nigeria . . . . Like scavengers out to make a kill, forex vendors from neigbouring countries of Benin Republic, Niger, Chad, Sudan,...
Alhaji Aliko Dangote has finally succeeded in his bid to repurchase the majority equity stake in the former Dangote Flour Mills Plc, now rebranded Tiger Branded...
The fate of the naira no doubt hangs on the balance, what with the unprecedented fall of the local currency, which exchanged for N400 to the...
The current fall in the prices of oil in the international market is expected to persist into year 2017, despite current efforts by President Muhammadu Buhari...
By Dele Sobowale . . . . “Love and business and family and religion and art and patriotism are nothing but shadows of words when a...
The Central Bank of Nigeria (CBN) is set to investigate over 6000 complaints relating to unauthorised bank charges brought to its notice, following which banks have...
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has called on the Federal Government to review the recently introduced N50 stamp duty....
After losing N266 billion in two consecutive trading sessions, Nigerian equities bounced back to positive yesterday as increase in global crude oil price boosted the global...
The Auditor-General of the Federation (AuGF), Samuel Ukura on Thursday disputed claims by the federal government and Ministry of Budget and National Planning that the 2016...
Nobel laurate, Professor Wole Soyinka, has bemoaned the state of the Nigerian economy, saying it is bad and discouraging. He also called for an emergency economic...
Aware of the implication of the National Assembly’s resolution for the electricity distribution companies (DISCOs) to halt the new electricity tariff, the Association of Nigerian Electricity...
Lawmakers of the lower legislative chambers have set machinery in motion to investigate how N350 billion Natural Resources Fund was spent “in spite of the fact...
Quoted equities suffered a relapse on Tuesday after investors placed a large swathe of highly capitalised stocks on sale. After six days of sustained uptrend, investors...
Worried by the growing public outcry over the non remittance of pension funds estimated at over N5 billion, the House of Representatives, on Tuesday, directed its...
The nation’s currency has hit another all-time low exchanging at N345 to the dollar in the parallel market. Meanwhile, the official Central Bank of Nigeria (CBN)...
Dangote Cement Plc staved off growing underlying negative sentiments from overturning the overall positive position at the Nigerian stock market as the equities market reopened on...
Baring any unforeseen circumstances, there are indications that the 2016 Appropriation bill may be passed by the second week of March, Ripples has learnt. Chairman, House...
The Nigerian National Petroleum Corporation (NNPC) has promised to complete the ongoing gas projects aimed at linking gas-to-power and gas-to-industries. Giving this assurance on Monday was...
The Senate which had earlier stated that it was not feasible to pass the 2016 budget on the scheduled February 25 date has raised hopes that...
Investors in Nigerian equities last week recovered N408 billion in capital gains as the stock market rallied to close the week at its highest level in...
With new marketing trends and shift in consumption tastes of consumers, soft drink giants, Coca-Cola and Pepsi are depending on ‘the greatest marketing trick of the...
The Board of Directors of Nigerian Breweries Plc has announced a revenue of N293 billion for the Company in the 2015 financial year. The amount shows...
Investors raised their stakes on the Nigerian equities yesterday as expectations of dividend recommendations spurred the ongoing market rally to its fourth day. Equities gathered total...
The budget defence by Ministries, Departments and Agencies, MDAs, has turned dramatic if not comical, as the Investment and Securities Tribunal (IST), reportedly submitted its 2015...
Office for the Nigerian Content Development in ICT (ONC) has said that Nigerians spend at least N1 trillion every year in foreign exchange in the importation...
The momentum of the rally at the Nigerian stock market improved on Wednesday as investors sought to take advantage of several stocks that have crashed to...
The Central Bank of Nigeria (CBN) has unveiled operational guidelines for the operation of TSA by state governments, to consolidate their accounts. The apex bank in...
Nigerian equities walked the tight rope on Tuesday as bargain-hunting counterbalanced resurgent selling pressure, leaving the market with a marginal gain. With 19 gainers to 18...
Dangote Cement Plc, Nigeria’s most capitalised quoted company, played the cheerleader for the stock market on Monday as substantial gain by the cement company boosted the...
By Ali Smart The Central Bank of Nigeria (CBN) on Monday revealed that the federal government frittered away $40 billion from the nation’s external reserves in...
By Ali Smart The Nigeria Electricity Regulatory Commission, NERC, may appear to be grandstanding judging by its insistence that the new electricity tariff which became operational...
There doesn’t seem to be much hope for the falling prices of crude oil going up in the next ten years, as experts have predicted that...
