POSTS BY: NAIRAMETRICS

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Deal: OPEC extends oil cuts for another 9 months

The Organisation of Petroleum Exporting Countries, OPEC, has agreed on Thursday, to  extend cuts in oil output by nine...


Customs says paper work required to export has been cut from 17 to 10

The Nigerian Customs Service has revealed that it has cut the number of paperwork required for exporters to execute...


TVS, market leader in Keke Marwa Productions is targeting 70% market share

Self proclaimed market leader for the sale of popular tricycle aka Keke Marwa in Nigeria, TVS Motor Company of...



Staco Insurance raises N1.6 billion via private placement

Back in February, 2017 Nairametrics analysts reported heavy trades on the Nigerian Stock Exchange for Staco Insurance, a company...


NNPC is digitising its old documents and has received 34 bids

Nigeria’s state-owned oil company, The Nigerian National Petroleum Corporation (NNPC) on Tuesday revealed that it had received about 34...


Nigeria remains in recession as nation records 5th consecutive negative quarterly GDP

The National Bureau of Statistics has revealed that Nigeria recorded a 2017 first quarter GDP growth rate of -0.52%....


Company News Roundup (May 20, 2017) – Bank executive compensation top N6 billion N1 billion in 2016

This is Nairametrics recap of some of the top company/industry stories that were in the news for the week...


Top Nigerian Banks spend N6.1 billion as executive compensation for 2016

Ten of the largest quoted commercial banks in Nigeria incurred a total of about N6.1 billion in executive compensation...


Average lending rate in Nigeria hit 30%pa, first time in 16 years

Data from the Central Bank of Nigeria reveal average lending rate from commercial banks in the country has now...


Alert: Microsoft announces plans to deliver Cloud services from Datacentres in Africa

Microsoft’s new investment will provide highly available, scalable, and secure cloud services across Africa with the option of data...


Full Excerpt of the Executive Order on Ease of Doing Business

The Acting President of Nigeria, Professor Yemi Osinbajo on Thursday signed three executive orders which is expected to significantly change...


In secret, corporates come clean about their outlook for the economy

The recently concluded Renaissance Capital Annual Pan-African Conference aptly titled Stability is Returning, provided us with a unique insight...


Here is a bucket list of why local rice is now more expensive than foreign rice

One of the biggest policy thrust of the Buhari Administration is its push for the development of the agricultural...


Refineries processed 10 million barrels of crude in Q1 2017; Why It’s a big deal

The Nigerian National Petroleum Corporation (NNPC) has revealed that Nigerian refineries processed 10 million barrels of crude oil in the first...


Breakdown of N41 billion spent on “Social Investment Programmes”

The Buhari administration has so are spent about N41 billion on its various aspects of its four Social Investment Programmes...


Ten things we learnt from the 2017 National Assembly Budget by @BudgIT

It’s over! The era of secrecy surrounding the details of budgetary allocations to the National Assembly is now well...


Federal High Court declares it is unlawful for regulatory agencies to impose fines

We received this press release on a ruling revealing that a Federal High Court has declared unlawful, the imposition...


Data: Amount of dollars inflows and outflows into Nigeria

The chart below highlights the amount of foreign exchange inflow and outflows in Nigeria from the year...


Foreign investments into Nigeria’s hotel sector crash by 98%

Data from the Central Bank of Nigeria suggest total capital importation into the hotel sector of Nigeria fell to...


Download Sample template for calculating rights issue

A simple template for calculating right issues Beginning from this week, Nairametrics will be sending its esteemed readers a...


Forex forwards sold by the CBN since July 2016

Nairametrics| The Central Bank of Nigeria has so far sold a total of $5,747.76 in Forex forwards since June...


Weekly News Roundup (May 13, 2017): Faro Water rakes in N4 billion in revenue for 2016

This is Nairametrics recap of some of the top company/industry stories that were in the news for the week...


Rights Issue: Unilever UK will inject N38b into Unilever Nigeria

Reports suggest Unilever Plc, United Kingdom, the parent company of Unilever Nigeria, will inject about N38 billion into Nigeria....


How Zenith Bank’s first $500 million medium term note is performing

Zenith Bank announced during the week that it planned to raise about $500 million in the second tranche of...



NASS Passes 2017 Budget: Key highlights & Comparison with draft

Nairametrics| The National Assembly passed the 2017 budget on Thursday May 11 2017. Lawmakers passed a budget if about...


Taxes paid by Nigerian Banks in 2016

Nairametrics| Deposit Money Banks (DMB’s) in Nigeria reported a total of N137.29 billion in taxes for the financial year...


Snippets on the BOI zero percent interest rate for NYSC members

Nairametrics| The Bank of Industry (BoI) has announced a reduction in the interest rates paid by National Youth Service...


Summary of Nigerian Bank Results Released On The NSE (2016 FY Results)

The table below is a summary of results released by banks quoted on the Nigerian Stock Exchange. The list is...


Google explains why it has no plans to lay Fibre cables in Nigeria

Nairametrics| The country manager for Google, Juliet Ehimuan-Chiazor has waded into the challenges with the ease of doing business in...