• Nigeria’s equities market slips to bear territory as investors lose N89bn

    Investors in the Nigerian equities market lost N89 billion at the close of trading on Wednesday. The bourse had recorded two consecutive profits on the trading floor before today’s losses. This followed the dip in the share price of Multiverse, Cornerstone, and Deap Cap amongst others in today’s trading. After five hours of trading at The post Nigeria’s equities market slips to bear territory as investors lose N89bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Progressive shareholders sue Nigerian govt over 0.5% cybersecurity levy

    The Progressive Shareholders Association of Nigeria (PSAN) challenged the constitutionality of the 0.5% cybersecurity levy imposed by the Central Bank of Nigeria (CBN) at the Federal High Court, Lagos. The apex bank had earlier this month directed all financial institutions in the country to begin the deduction of cybersecurity levy on all electronic transactions effective The post Progressive shareholders sue Nigerian govt over 0.5% cybersecurity levy appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • FG blames Nigeria’s dwindling oil production on insufficient investment

    The Minister of Budget and Economic Planning, Atiku Bagudu, on Wednesday blamed Nigeria’s dwindling oil production output on under-investment in the sector. Bagudu spoke at the “Ministerial Sectoral Updates” in Abuja. Nigeria’s daily crude oil production had maintained a steady decline in 2024 as it dropped to 1.23 million barrels per day in March. The The post FG blames Nigeria’s dwindling oil production on insufficient investment appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • Naira up by 0.22%, trades for N1,465/$ at official market

    The Naira traded for N1, 465.68 to a dollar at the official market on Tuesday. Data from the FMDQ Exchange revealed that the local currency gained N3.31 or 0.22 percent compared to the N1,468.99 it exchanged for one dollar on Monday. The FMDQ Exchange oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM). READ ALSO: Naira The post Naira up by 0.22%, trades for N1,465/$ at official market appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NGX: Market index up by 108 basis points as investors gain N61bn

    For the second consecutive day on Tuesday, sentiment in the Nigerian equities market remained positive as investors gained N61 billion at the close of trading. This followed the increase in the share price of Berger Paints, Nestle, and Sovereign Insurance, amongst others on the trading floor today. After five hours of trading at the capital The post NGX: Market index up by 108 basis points as investors gain N61bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • OPay, Palmpay, Moniepoint to resume customers’ enrollment in months – CBN

    The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said on Tuesday that mobile money operators including OPay, Palmpay, Kuda Bank, and Moniepoint would be allowed to resume the enrolment of new customers in another couple of months. Cardoso, who disclosed at the 295th Monetary Policy Committee (MPC) of the apex bank in The post OPay, Palmpay, Moniepoint to resume customers’ enrollment in months – CBN appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • CBN pushes up interest rate to 26.25 % amidst rising inflation

    The Central Bank of Nigeria (CBN) has raised the interest rate to 26.2 percent. The CBN governor, Yemi Cardoso, announced this at the end of the two-day meeting of the bank’s Monetary Policy Committee (MPC) on Tuesday in Abuja. The new interest rate was 150 basis points higher than the 24.75 percent set by the The post CBN pushes up interest rate to 26.25 % amidst rising inflation appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • DMO raises N4.9trn for ways and means, says domestic market major source of funding for FG

    The Debt Management Office (DMO) has disclosed that it has raised N4.9 trillion out of the N7.3 trillion approved for Ways and Means securitisation. This is even as the DMO disclosed that the Nigerian domestic securities market remains a major source of funding for the Federal Government. Patience Oniha, DMO’s Director-General (DG), made this known The post DMO raises N4.9trn for ways and means, says domestic market major source of funding for FG appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • NGX: Equities market begins week on positive note as investors gain N28bn

    Trading activities got off to a positive note in the equities market on Monday, May 20, 2024 as investors gained N28.61 billion at the end of trading exercise. This follows an increase in the value of stocks like Berger Paints, Regal Insurance and WAPIC amongst others. Similarly, the NGX-All-Share Index ASI increased to 98,176.58 from The post NGX: Equities market begins week on positive note as investors gain N28bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

  • MTNN, AirtelAfri, Julius Berger, Custodian top list of stocks to watch this week

    MTNN, AirtelAfri, Julius Berger, and Custodian Insurance topped the list of stocks to watch in the new week. The Nigerian capital market closed lower for the week with the benchmark All-Share Index (ASI) down by -0.11%, closing at 98,125.73 points from 98,233.76 points the previous week, having lost in four of the five trading sessions The post MTNN, AirtelAfri, Julius Berger, Custodian top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.