• CBN to clear FX backlogs of remaining five banks in few days, says Cardoso

    The Central Bank of Nigeria (CBN) has assured that the remainder of banks’ FX backlogs would be cleared in the next few days. The governor of the apex bank, Olayemi Cardoso, gave this assurance while disclosing that the CBN had cleared all foreign exchange backlogs of all banks except five. Cardoso made this known on The post CBN to clear FX backlogs of remaining five banks in few days, says Cardoso appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NGX: Investors gain N391bn as equities market recovers from 3-day losses

    The Nigerian equities market on Thursday reversed the three-day losses as investors made N391 billion at the close of the day’s trading. This followed the rise of equity capitalization to N54.7 trillion from N54.3 trillion posted by the bourse on Wednesday. Similarly, the All-Share Index (ASI) increased to 99,980.30 from 99,266.02 recorded the previous day. The post NGX: Investors gain N391bn as equities market recovers from 3-day losses appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Senate confirms Agbede, Wanka, Sagagi,Aliyu to serve as Directors on CBN board (Full list)

    The Senate has approved four nominees out of five from President Bola Tinubu to serve on the Board of Directors of the Central Bank of Nigeria, CBN. The confirmed nominees are Mr Robert Agbede; Mr Ado Yakubu Wanka; Professor Muritala Sabo Sagagi and Mrs Muslimat Olanike Aliyu. Their approval took place on Thursday following the The post Senate confirms Agbede, Wanka, Sagagi,Aliyu to serve as Directors on CBN board (Full list) appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • CPPE lists measures Nigerian govt must take to reverse spiraling inflation

    The Centre for the Promotion of Private Enterprise (CPPE) has recommended several measures that the Federal Government must urgently take to address the spiralling inflation facing the country. The Director General of the think tank, Muda Yusuf was reacting to the outcome of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria The post CPPE lists measures Nigerian govt must take to reverse spiraling inflation appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Amid scathing backlash, Binance disables naira feature on P2P feature for Nigerians

    Following scathing backlash from the Nigerian government, Binance, a crypt exchange with over 170 million users worldwide has disabled its peer-to-peer (P2P) feature for Nigerian users. Known as the P2P market, the network lets users, buyers, and sellers transact without the intervention of a third party. It gained popularity among Nigerians in 2021 after former The post Amid scathing backlash, Binance disables naira feature on P2P feature for Nigerians appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Nigerian govt says petrol import crashed by 990m litres monthly following subsidy removal

    Minister of Information and National Orientation, Mohammed Idris, has lauded the removal of petrol subsidy by President Bola Tinubu, saying the singular act has reduced the importation of the product into the country by 50 per cent. Though the removal of the subsidy by Tinubu during his inaugural speech on May 29, 2023, where he The post Nigerian govt says petrol import crashed by 990m litres monthly following subsidy removal appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Again, equities market tumbles as investors lose N720bn

    For the third consecutive day, the Nigerian equities market tumbled as poor performances by stocks like WAPCO, Nigerian Breweries, FCMB, and others cost investors N720 billion in profit on Wednesday. After five hours of trading today, the market capitalization dropped to N54.3 trillion from N55.0 trillion posted by the bourse on Tuesday. Similarly, the All-Share The post Again, equities market tumbles as investors lose N720bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • OPEC asks Nigeria to ramp oil production or miss $14tr investment opportunity

    The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has warned that Nigeria risks missing out on the $14 trillion investment opportunity in the global oil market shortly unless it increases oil production. Al-Ghais, according to a statement issued by the Chief Communication Officer of the Nigerian National Petroleum Company The post OPEC asks Nigeria to ramp oil production or miss $14tr investment opportunity appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Reps to probe Multichoice over alleged N1.8tr, $342m unremitted tax

    Multichoice Group, the parent company of digital satellite television providers DSTV and GOTV, has landed in hot soup after the House of Representatives mandated its Committee on Finance to carry out a comprehensive investigation into the alleged non-remittance of tax revenues amounting to N1.8 trillion and $342 million in Value-added tax, owed to the Federal The post Reps to probe Multichoice over alleged N1.8tr, $342m unremitted tax appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Air Peace announces new London route prices: economy N1.2m, business for N4m

    Air Peace, a Nigerian airline, announced new pricing for its upcoming London route, effective March 30th, 2024. This is contained in a statement in Lagos by the airline’s Corporate Communications Lead, Mr Stanley Olisa. According to Olisa, “The flight schedules for Air Peace London route are now available on our website, and we are crashing The post Air Peace announces new London route prices: economy N1.2m, business for N4m appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.