NIGERIA: Daily Parallel Market Exchange Rate (Mar 27, 2017)

Parallel market exchange rate between the Naira and three of the world's major...


Insurance Firms Need To Move With The Times

Nairametrics| AIICO Insurance plc, one of the foremost insurance companies in the country announced that it is currently investigating fraud...


Alert: Cement Company of Northern Nigeria Reports N1.3 billion Profit (2016 FY)

Cement Company Of Northern Nigeria today released audited results for the financial year ended 31 December 2016.   Revenue...



Why The Odds Are Against The New Owners Of Keystone Bank

Nairametrics| Keystone Bank’s new owners Sigma Gulf-Riverbank consortium at the weekend took over the bank from the Asset Management...


The Nigerian Stock Exchange Needs To Stop This “Ritual”

Nairametrics| Every year, the Nigerian Stock Exchange (NSE) announces that it would fine companies who delay in submitting their results...



Alert: Champion Breweries Reports N530 Million Profit (2016 FY)

Champion Breweries today released audited results for the financial year ended 31 December 2016.   Revenue N’million FY 2016|...


CBN Revalues Dollar Rate for Invisibles to N357, Orders Banks to Retail At N360

Nairametrics| According to a tweet from the CBN, and a statement from its spokesperson Isaac Okorafor, the CBN will...



Company News Roundup – Week Ended March 25, 2017

Our Founder, Ugo Obi-Chukwu sent out his weekly Company News Roundup on twitter late Sunday evening.  You can follow...


Timeline Of Events That Helped Move The Exchange Rate Moved From N520 To N390 In One Month

Nairametrics| The reign of Godwin Emefiele as CBN Governor will perhaps go down in history as one of the...


Why You Are To Blame For N50 Stamp Duty Charge…

Nairametrics| Following the crash in crude oil prices and its low production level in 2016, the Federal Government was...


Weekly Roundup of Business & Economic News From Nigeria (March 25, 2017)

Welcome to Nairametrics Economic and Business Review, our weekly summary of some of the most important Nigerian economic and...


Lagos State Vs Refuse PSPs; Why They Are At Loggerheads

Nairametrics| The Lagos State government is at loggerheads again with the private sector. Just recently the state introduced the...


Alert: PZ Cussons Reports 3% Drop In Profits (9 Months 2017)

PZ Cussons unaudited results for the 9 months period ended 28 February 2017.   Revenue N’million 2016/17| N57,150 2015/16|...


The Export Expansion Grant: What Changed ?

Nairametrics|As part of efforts to boost non oil exports, the Federal Government has recommenced the Export Expansion Grant (EEG)...


Alert: UBA Reports N72 billion Profit (2016 FY)

UBA Plc today released audited results for the financial year ended 31 December 2016.   Net Interest Income N’million...


Alert: MRS Oil Reports N1.5 billion Profit (2016 FY)

MRS Oil Nigeria today released audited results for the financial year ended 31 December 2016.   Revenue N’million FY...


What Next After Exchange Rate Drops Below N400 For First Time Since August 2016?

Nairametrics| The exchange rate between the naira and the dollar on the parallel market has dropped below N400 for...


CBN Admits Banks Need Help

I do not like to sound alarmist but some Nigerian banks are particularly not in a state of good...