• Experts task processors to invest in cassava seed system

    Experts in the agricultural sector have called on processors in the cassava value chain to make adequate investments in the seed sector to address the challenges plaguing the supply of quality cassava roots as raw materials to industries. Godwin Atser, advocacy, promotion and outreach lead at the International Institute of Tropical Agriculture (IITA) in a

  • Bitcoin’s value hits five-month high as investors pocket N24.65tr

    Bitcoin’s price reached $63,261 on Tuesday, the digital asset’s highest market value in five months. The price surge was influenced by increasing confidence in the most popular cryptocurrency by investors and other members of the Bitcoin community. However, the figure was 2.50 percent lower than the all-time high of $64,888.99 recorded in May, with the The post Bitcoin’s value hits five-month high as investors pocket N24.65tr appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Meyer Plc management fails to curb cost, as N504.70m paint expenses eat into nine months revenue

    Meyer Plc management is having a battle keeping the company’s cost of sales in check amid declining inflation and rising dollar rate in Nigeria, as it eats into the firm’s revenue. In its financial statement for the nine months period of 2021 obtained by Ripples Nigeria, analysis shows that cost of doing business grew higher The post Meyer Plc management fails to curb cost, as N504.70m paint expenses eat into nine months revenue appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • CBN gives update on eNaira; to be usable on phone without internet, BVN, NIN compulsory

    The Central Bank of Nigeria (CBN) intends to ease access to the eNaira by allowing individuals without internet-enabled phones to obtain Nigeria’s digital currency when it finally debuts. Recall the eNaira was scheduled launch on October 1, 2021, but was suspended by the central bank, till further notice. In a new statement released on Monday, The post CBN gives update on eNaira; to be usable on phone without internet, BVN, NIN compulsory appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NPRA CEO identifies reason for rising cost of cooking gas

    The newly appointed Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NPRA) Mr Farouk Ahmed has identified poor investment in the gas sector over the years as the cause of the rising cost of cooking gas in the country. Ahmed stated this on Monday during his inauguration as CEO of NPRA, The post NPRA CEO identifies reason for rising cost of cooking gas appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Investors lose N150bn as NGX Group, Ikeja Hotel fail to lift Nigeria’s stock market

    The Nigerian capital market slipped back to the red zone on Monday following the crash in equity capitalization by 0.71 percent at the close of the day’s business. The equity capitalization crashed by N150billion to close at N21.47 trillion compared to N21.62 trillion reported last Friday. The All-Share Index was down by 234.33 basis points The post Investors lose N150bn as NGX Group, Ikeja Hotel fail to lift Nigeria’s stock market appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Nigeria’s household spending rose to N54.8tr in H1 2021 – NBS

    Nigerians’ household expenditure rose to N54.84 trillion in nominal terms in the first half of this year. The National Bureau of Statistics (NBS) disclosed this in its Expenditure and Income Gross Domestic Product (GDP) report released on Monday. The figure, according to the bureau, was 13.7 percent higher than the N48.22 trillion recorded in the The post Nigeria’s household spending rose to N54.8tr in H1 2021 – NBS appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Fidelity Bank to raise $500m at Irish stock exchange as debt hits N299.75bn

    The Securities and Exchange Commission (SEC) has approved the Fidelity Bank’s request to raise capital from the Republic of Ireland for its operation. In a notice to the Nigerian Stock Exchange (NSE) on Monday, Fidelity Bank is seeking to raise $500 million at the Irish Stock Exchange for general corporate purposes, including support for its The post Fidelity Bank to raise $500m at Irish stock exchange as debt hits N299.75bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Oil crosses $85, deepens Nigeria’s petrol subsidy pains

    Brent crude surged above the $85 per barrel barrier on Monday morning, as expectations of a supply shortage in the coming months and travel restrictions fueled demand. The global crude benchmark Brent in which Nigeria’s oil is priced opened Monday trade at $85.53 per barrel while the United States West Texas Intermediate (WTI) starts the The post Oil crosses $85, deepens Nigeria’s petrol subsidy pains appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Currency in circulation rises to N2.84tn

    The currency in circulation increased by N58.36 billion in September to N2.84 trillion, up from N2.79 trillion in August. The Central Bank of Nigeria (CBN) revealed this in its most recent statistics published on its website on Sunday. Money in circulation refers to actual cash outside the CBN’s vaults, i.e. all legal tender currency in The post Currency in circulation rises to N2.84tn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.