Investors in the Nigerian equities market gained N96 billion at the close of trading on Wednesday. This followed a surge in the share prices of stocks like INTENEGINS, JOHN HOLT and EUNISELL amongst others on the trading floor today. After five hours of trading at the capital market, the equity capitalization increased to N59 trillion The post NGX: Equities market rebounds as investors gain N96bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

Africa Finance Corporation (AFC), has facilitated a landmark US$200 million corporate finance facility for the BUA Group. The facility, provided to BUA Industries Limited by the African Export-Import Bank (Afreximbank), marks the second successful financial advisory mandate that AFC has closed for the BUA Group (BUA). The financing, approved by Afreximbank in two tranches, supports The post Afreximbank approves $200m finance facility for BUA group appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s average daily crude oil production increased marginally to 1.33 million barrels per day (bpd) in October 2024. This was contained in the cartel’s Monthly Oil Market Report (MOMR) released on November 13, 2024. It noted that the figure was obtained from direct communication with The post Nigeria’s crude oil production rises to 1.33mbpd in October  appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

President Bola Ahmed Tinubu and Saudi Crown Prince Mohammed bin Salman have pledged to strengthen Nigeria’s economy through strategic collaborations in energy, agriculture, and infrastructure. The two leaders made this commitment on the sidelines of the Joint Arab-Islamic Summit in Riyadh, Saudi Arabia, on Monday. According to a statement issued on Tuesday by Bayo Onanuga, The post Saudi Arabia backs Nigeria’s economic reforms with $5bn bilateral trade facility appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

The Independent Petroleum Marketers Association of Nigeria has disclosed that the price of petrol from the Dangote Refinery was N940/litre and N990/litre when purchased using ships and trucks, respectively. This is even as the association revealed that over 30,000 of its members are ready to buy Premium Motor Spirit, popularly called petrol in bulk, from The post IPMAN reveals price marketers buy petrol from Dangote Refinery appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

The Central Bank of Nigeria (CBN) has listed factors affecting confidence in the Nigerian economy. In its latest Business Expectation Survey, BES, the apex bank noted that businesses have expressed less confidence in the economy with the Overall Confidence Index (OCI) in the next three months falling by 3.2 index points to 14.5 from 17.7 The post CBN lists factors affecting confidence In Nigeria’s economy appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

Nigeria’s foreign reserves has surged to $40.167 billion as of November 11, 2024, fresh reserve movement data from the Central Bank of Nigeria (CBN) has shown. This marks the first time that the FX reserves will be hitting such a height since 2022. The figure is a significant increase from the $38.3 billion recorded in The post Nigeria’s foreign reserves rise to $40.167bn amid naira slump appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

Multichoice Group, an African pay-TV operator has blamed inflation for the loss of 243,000 subscribers in six months by its Nigerian subsidiary between April and September 2024. According to the financial result for the year ended September 30, 2024, published on Tuesday, MultiChoice disclosed that high cost of food, electricity, and petrol have forced many The post MultiChoice blames inflation as 243k subscribers dump service in six months appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

Investors in the Nigerian equities market lost N68 billion at the close of trading on Tuesday. This followed a dip in the share prices of stocks like VFD GROUP, ROYALEX, and OANDO amongst others on the trading floor today. After five hours of trading at the capital market, the equity capitalization crashed to N58.9 trillion The post NGX: John Holt, Sunu Assurance among losers as equity capitalization crashes to N58.9tr appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

For the third consecutive day, Bitcoin, the world’s largest cryptocurrency by market capitalisation, has surged to a fresh record high of $89,000. The price of the cryptocurrency traded 9.6 per cent higher on Tuesday morning, reaching $89,360, according to data obtained from coinmarketcap.com. The digital currency has continued to rally since the conclusion of the The post Again, Bitcoin price hits all-time high at $89,000 appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.