• NGX: Equities market begins week on positive note as investors gain N172bn

    The equities market got off to a positive start on Monday July 15, 2024 as investors gained N172bn at the end of the trading session. This follows an increase in the share prices of stocks like CUTIX, IKEJA HOTEL and ROYALEX amongst others on the trading floor. After five hours of trading at the capital The post NGX: Equities market begins week on positive note as investors gain N172bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Why we didn’t raise investment at Dangote Refinery – NNPCL

    The Nigerian National Petroleum Company Limited (NNPCL) said on Monday it has not increased its earlier investment in the 650,000 barrels per day Dangote Refinery for a commercial reason. NNPCL Chief Information Officer, Olufemi Soneye disclosed this in a terse statement in Abuja. He was reacting to a statement credited to the Chairman of Dangote The post Why we didn’t raise investment at Dangote Refinery – NNPCL appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Airtel Africa, WAPCO, Dangote Sugar top list of stocks to watch this week

    Airtel Africa, WAPCO, Dangote Sugar and PRESCO topped the list of stocks to watch this week as investors battle to recover from a bruising trading session last week. The Nigerian Equities Market dipped in four of the five trading sessions as the benchmark All-Share Index (ASI) crashed by –0.35% to close at 99,671.28 points from The post Airtel Africa, WAPCO, Dangote Sugar top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Tinubu’s latest policy on food importation ‘depressing’- AfDB President, Adesina

    Akinwunmi Adesina, President of the African Development Bank (AfDB) has slammed the decision of the federal government to import food, describing it as depressing. Adesina’s criticism was made known while speaking on the topic of “Food Security and Financial Sustainability in Africa,” on Saturday at the Council of Anglican Provinces of Africa retreat in Abuja. The post Tinubu’s latest policy on food importation ‘depressing’- AfDB President, Adesina appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Dangote Refinery updates stake ownership, NNPC’s share reduced to 7.2%

    In a significant development for Nigeria’s energy sector, Aliko Dangote, CEO of Dangote Refinery, announced on Sunday that the Nigerian National Petroleum Corporation (NNPC) has seen its stake in the refinery reduced from 20% to 7.2%. Speaking at a press briefing held in Lagos, Dangote clarified that NNPC’s reduced ownership was a result of their The post Dangote Refinery updates stake ownership, NNPC’s share reduced to 7.2% appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NGX WEEKLY ROUND UP: Investors lose N139.89bn as equities market crumble

    It was yet another week to forget for investors in the Nigerian equities market following a cumulative loss of N139.89bn in the just ended trading week. The bourse recorded losses in four of the five trading days making profits on just one trading day. The market capitalisation fell to N56.44trn from N56.58trn the previous week.same The post NGX WEEKLY ROUND UP: Investors lose N139.89bn as equities market crumble appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NGX: Equities market recovers as investors gain N172bn

    The equities market reversed four days of consecutive losses this week with investors posting a N172 billion gain at the close of trading on Friday. This followed the growth in share prices of CUTIX, LEARN AFRICA, and CAVERTON, amongst others on the trading floor today. After five hours of trading at the capital market, the The post NGX: Equities market recovers as investors gain N172bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Forex: CBN sells $122.67m to 46 authorised dealers

    The Central Bank of Nigeria (CBN) has sold $122.67 million to 46 authorised Bureau De Change (BDC) dealers in the country. This was in line with the apex bank’s determination to promote stability and reduce market volatility in the foreign exchange market. The CBN Director in charge of Financial Markets, Dr. Omolara Duke, disclosed this The post Forex: CBN sells $122.67m to 46 authorised dealers appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Court to rule on Binance tax evasion case October 11

    Justice Emeka Nwite of the Federal High Court, Abuja, has fixed October 11 for ruling in the trial of the popular cryptocurrency platform, Binance Holdings Limited, for alleged tax evasion. The Federal Government arraigned the platform and its two directors on a four-count charge of tax evasion after it failed to register with the Federal The post Court to rule on Binance tax evasion case October 11 appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NGX Group’s e-offering platform goes live

    The Nigerian Exchange Group (NGX Group) has unveiled NGX Invest, a digital platform designed to streamline Public Offerings and Rights Issues in the capital market. This followed the approval of the platform by the Securities and Exchange Commission (SEC). The NGX Invest is for primary market transactions in the country, representing a significant leap forward The post NGX Group’s e-offering platform goes live appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.