• PRESCO, BETAGLASS, OKOMUOIL push bourse up as Investors gain N83bn to start week positively

    The Nigerian equities market began the week on Monday, February 3rd, 2025 on a positive note as investors gained N83 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a surge in the share prices of stocks like PRESCO, BETAGLASS, OKOMUOIL amongst others on the trading floor. After five hours of The post PRESCO, BETAGLASS, OKOMUOIL push bourse up as Investors gain N83bn to start week positively appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Presidency backtracks, claims statement on electricity tariff misrepresented

    The Special Adviser on Energy to the President, Olu Verheijen, said on Monday her statement on the planned increase in the electricity tariff was misrepresented. Verheijen on January 30 advocated an increase in Nigeria’s power prices by about two-thirds (66 percent) to reflect the actual cost of electricity supply. She argued that higher electricity tariffs The post Presidency backtracks, claims statement on electricity tariff misrepresented appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • CHELLARAM, BETAGLASS, NNFM, VITAFOAM, others top stocks to watch this week

    The Nigerian equities market sustained the bullish trend recorded the previous week as investors gained N1.064 trillion on the trading floor of the Nigerian Exchange Group (NGX) last week. The bourse recorded gains in three of the five trading days as market capitalization increased to N64.7 trillion from N63.6 trillion recorded the previous week. Similarly, The post CHELLARAM, BETAGLASS, NNFM, VITAFOAM, others top stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • JUST IN: Dangote Refinery slashes petrol price to N890 per litre

    Dangote Refinery has reduced the loading price of Premium Motor Spirit (PMS) otherwise known as petrol to N890 per litre. The refinery increased the petrol loading price to N950 per litre three weeks ago. The spokesman for the Dangote Group, Anthony Chiejina, announced the new price regime in a statement on Saturday night in Lagos. The post JUST IN: Dangote Refinery slashes petrol price to N890 per litre appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • CBN approves CFA for repatriation of export proceeds

    The Central Bank of Nigeria (CBN) has approved CFA Franc for the repatriation of export proceeds. The Executive Director of the Nigeria Export Promotion Council (NEPC), Mrs Nonye Ayeni, disclosed this when she briefed journalists on the Non-Oil Export Performance for the year 2024 on Friday in Abuja. She said the council had engaged the The post CBN approves CFA for repatriation of export proceeds appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Tension as telecom workers oppose NLC protest over 50% tariff hike, warn of industry collapse

    A major rift has emerged between Nigerian telecom workers and the Nigeria Labour Congress (NLC) over the recently approved 50% increase in telecom tariffs, with the industry union rejecting the NLC’s planned nationwide protest and warning of a looming crisis in the telecom sector. The Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN), The post Tension as telecom workers oppose NLC protest over 50% tariff hike, warn of industry collapse appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NGX Roundup: Equities market sustains bullish trend as investors gain N1tr

    The Nigerian equities market sustained the bullish trend recorded last week as investors gained N1.064 trillion on the trading floor of the Nigerian Xchange (NGX) this week. Ripples Nigeria reports that investors recorded a gain of N794bn the previous week. The market capitalization increased to N64.709 trillion from N63.645 trillion recorded the previous week. Similarly, The post NGX Roundup: Equities market sustains bullish trend as investors gain N1tr appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NGX: Oando, Stanbic lead losers as investors shed N160bn in five hours

    Investors in the Nigerian equities market lost N160 billion at the close of trading on Friday. This followed a dip in the share prices of stocks like OANDO, STANBIC, and IKEJA HOTEL amongst others on the trading floor. After five hours of trading at the capital market, the equity capitalization dipped to ₦64.7 trillion from The post NGX: Oando, Stanbic lead losers as investors shed N160bn in five hours appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NGX: Equities market sustains bullish trading with N347bn profit for investors

    The Nigerian equities market sustained its bullish trading with a N347 billion gain by investors at the close of business on Thursday. This followed a surge in the share prices of stocks like HONEY FLOUR, NNFM, and RED STAR EXPRESS amongst others on the trading floor. After five hours of trading at the capital market, The post NGX: Equities market sustains bullish trading with N347bn profit for investors appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NNPCL launches five mini-LNG plants

    The Nigerian National Petroleum Company (NNPC) Limited on Thursday launched five Liquefied Natural Gas (LNG) mini-plants in Ajaokuta, Kogi State. The five LNG mini-plants are PRIME LNG, NGML/Gasnexus LNG, BUA LNG, Highland LNG, and LNG Arete. The plants will take their feedstock, natural gas, from natural gas pipes that are already traveling up to the The post NNPCL launches five mini-LNG plants appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.