• Shareholders lose N52.3bn as investment in Nigeria’s capital market drops by -0.18%

    Investors at the Nigerian capital market lost N52.3 billion on Tuesday following the crash in equity capitalization by -0.18 percent at the close of the day’s trading. After eight hours of trading, the equity capitalization dropped from N27.98 trillion to N27.92 trillion to push the bourse back into the bearish zone. Consequently, the All Share The post Shareholders lose N52.3bn as investment in Nigeria’s capital market drops by -0.18% appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • DMO announces two bonds for subscription from Nigerian govt

    The Debt Management Office (DMO), has announced the offer of two Federal Government of Nigeria (FGN) bonds for subscription. The DMO stated this in a notice published on its Website on Monday. The first offer is a two-year FGN savings bond, which will be due on May 18, 2024, at an interest rate of 7.93 The post DMO announces two bonds for subscription from Nigerian govt appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Another fuel scarcity looms, as oil marketers demand payment of N5bn debt

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) has demanded the Federal Government pays the N500 billion it owes to the oil marketers to avoid fuel scarcity. IPMAN said the debt is a bridging claim, also known as transportation claims, which the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is meant to pay to The post Another fuel scarcity looms, as oil marketers demand payment of N5bn debt appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • New report says Twitter, cryptocurrency ban crippled Nigeria’s foreign direct investment

    Nigeria’s foreign direct investment (FDI) was crippled by the ban on Twitter and cryptocurrency according to a new report, ‘Africa’s Urbanisation Dynamics 2022: The Economic Power of Africa’s Cities’. It was gathered that the livelihood of youths, numbering millions, was significantly impacted by the arbitrary government policies, thereby, denying the country tax revenue from the The post New report says Twitter, cryptocurrency ban crippled Nigeria’s foreign direct investment appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Honeywell Group to invest in new sectors, amid N80bn acquisition deal

    The Managing Director of Honeywell Group, Obafemi Otudeko, has said the company would begin investing in new sectors following the deal between Honeywell Flour Mills (HFM) and Flour Mills of Nigeria (FMN). Otudeko stated that the firm is seeking a new path to increase its investment portfolio, after the group company exited HFM with N80 The post Honeywell Group to invest in new sectors, amid N80bn acquisition deal appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • JP Morgan delists Nigeria from emerging market list, as govt plans another $950m debt

    JPMorgan has removed Nigeria from its list of emerging market sovereign recommendations over its fiscal woes. The global financial institution said Nigeria has failed to take advantage of high oil prices. It replaced Nigeria in the list with Serbia due to the country’s high reserves and a fiscally cautious government and also Uzbekistan due to The post JP Morgan delists Nigeria from emerging market list, as govt plans another $950m debt appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • More troubles in aviation sector, as workers embark on two-day warning strike

    Due to unresolved service conditions, employees of various agencies under the Ministry of Aviation have begun a two-day warning strike from Monday to Tuesday. During a demonstration on the issue, Mr Dauda Nanbol, Chairman of the FCT National Union of Air Transport Employees (NUATE), said that the move was required because the unions’ strike notices The post More troubles in aviation sector, as workers embark on two-day warning strike appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Airline operators win fight, as NNPC agrees subsidy on aviation fuel for three months

    Following threats to stop operations, the Nigerian National Petroleum Company (NNPC) Limited has negotiated an arrangement with Airline Operators of Nigeria (AON) to subsidize flights for the next three months. This follows intervention from the House of Representatives on Monday to resolve the crisis trailing the aviation fuel price increase. The deal will see NNPC The post Airline operators win fight, as NNPC agrees subsidy on aviation fuel for three months appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Nigerian shareholders’ bourse investment grows N521.56bn strong amid bulls dominance

    The Nigerian stock market remains in a bullish position, as it continued in an upward trajectory on Monday, following a growth of 1.89% in market value. This represents a N521.56 billion gain in the equity capitalisation which jumped to N27.98 trillion, against the N27.45 trillion it settled at on Friday. The All Share Index rose The post Nigerian shareholders’ bourse investment grows N521.56bn strong amid bulls dominance appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Oil marketers give five reasons price of aviation fuel keeps rising

    The chairman, Major Oil Marketers Association of Nigeria (MOMAN), Olumide Adeosun, has revealed the reasons cost of aviation fuel, Jet A1, is rising amid threats from airline operators to discontinue business. Factors fuelling the rise of Jet A1 price, according to Adeosun, were beyond the control of the oil marketers in Nigeria, and has to The post Oil marketers give five reasons price of aviation fuel keeps rising appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.