The African Development Bank (AfDB) has disclosed that it will launch phase one of the $538 million Special Agro-Industrial Processing Zone (SAPZ) programme in Kaduna on April 8 and in Cross River on April 10, 2025. Special Agro-Industrial Processing...

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The Central Bank of Nigeria (CBN) on Friday supplied a total of $197.71 million to the foreign exchange market through sales to authourised dealers. The apex bank’s Director of Financial Markets Department, Dr Omolara Duke, disclosed this in a...

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A Federal High Court in Lagos has fixed April 15, 2025, for the hearing of a suit filed by Ecobank Nigeria Plc against Obafemi Otudeko, managing director of Honeywell Group and son of former FBN Holdings chairman, Oba Otudeko,...

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Investors in the Nigerian equities market lost N110 billion during the just-concluded, holiday-shortened trading week at the Nigerian Xchange (NGX). The market opened for three trading days this week as the Federal Government of Nigeria declared Monday 31st March...

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Newly appointed Group Chief Executive Officer (GCEO) Bayo Ojulari has officially taken over the leadership of the Nigerian National Petroleum Company (NNPC) Limited, succeeding Mele Kyari. It would be recalled that on Wednesday, April 2, 2025 President Bola Tinubu...

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The Nigerian equities market closed the week with a loss of N8 billion for investors at the close of trading on Friday. This followed a dip in the share prices of stocks like LASACO, MANSARD, and MAY & BAKER...

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To address disparities in the current billing system and also encourage investment in the power sector, the Federal Government has confirmed that it is planning to regularise electricity tariffs for Band B and C customers. According to the Nigerian...

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The Nigerian equities market recorded another loss on Thursday, February 27, 2025, as investors lost ₦76 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a dip in the share prices of stocks like FIDSON,...

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In a bold push to deepen Nigeria’s capital market and drive economic expansion, the Federal Government is setting its sights on bringing some of the nation’s biggest state-owned and private enterprises, like the Nigerian National Petroleum Company Limited (NNPC)...

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At the heart of Nigeria’s fuel production struggles lies a simple but devastating reality: local refineries, including the high-profile Dangote Petroleum Refinery, just aren’t getting the crude oil they need. And now we know why. The Minister of State...

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The Nigerian equities market recorded the first profit in the trading week on Wednesday, February 26, 2025, as investors gained ₦10 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a surge in the share...

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In a move aimed at providing relief to Nigerians ahead of the Ramadan season, the Dangote Petroleum Refinery has announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly referred to as petrol. Effective February...

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The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria, the operator of DStv and GOtv, to explain its planned subscription price increase, set to take effect on March 1, 2025. This move comes after MultiChoice announced...

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The Nigerian equities market continued its bearish note on Tuesday, February 25, 2025, as investors lost ₦215 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a dip in the share prices of stocks like...

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Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. In its audited financials submitted to the NGX Group Limited, the bank showed improvements...

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Pay-tv operator, Multichoice Nigeria has again announced another price increment across its subscription packages on both DStv and GOtv. In a notification sent to its customers on Monday, February 24, 2025, the company said the new price regime is...

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Nigerians might experience fuel scarcity if threats by oil marketers in Nigeria under the aegis of the Independent Petroleum Marketers Association of Nigeria, IPMAN, are anything to go by. The oil marketers at a briefing on Monday, February 24,...

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The Nigerian equities market began the week in the red zone on Monday, February 24, 2025, as investors lost ₦230 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a dip in the share prices...

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If you’re thinking of making serious money in Lagos real estate, you must understand one of the most reliable strategies: buy-and-hold. This is when you buy a property, hold it for years, and allow its value to appreciate while...

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The Nigerian equities market sustained a quiet week as investors gained N196 billion on the trading floor of the Nigerian Xchange (NGX). Ripples Nigeria reports that investors recorded a gain of N1.8 trillion the previous week. In the current...

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The Nigerian equities market ended the week in the red zone on Friday, February 21, 2025, as investors lost ₦44 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a dip in the share prices...

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The Nigerian equities market returned to the recent bearish sentiment on Thursday, February 20, 2025, as investors lost ₦25 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a dip in the share prices of...

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), which benchmarks interest rates in the country, at 27.50 per cent. This is even as the MPC held at the...

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In what is being hailed as a significant milestone for Nigeria’s power sector, the Transmission Company of Nigeria (TCN) has announced a new peak power generation of 5,543.20 megawatts (MW); the highest in the nation’s history. The record was...

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The Federal Government revealed on Wednesday that Nigeria’s daily petrol consumption has decreased to 50 million litres, with domestic refineries now meeting half of the demand. The remaining 25 million litres are being imported to bridge the gap, ensuring...

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The Nigerian equities market recovered from the recent bearish sentiment on Wednesday, February 19, 2025, as investors gained ₦504 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a surge in the share prices of...

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The Federal Government through the Federal Inland Revenue Services (FIRS) has taken legal action against leading cryptocurrency platform, Binance Holdings Limited, filing a lawsuit in the Federal High Court in Abuja, demanding $81.5 billion in compensation and taxes. FIRS...

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