ANALYSIS

Posted on February 19, 2017 by Ugo Obi-chukwu

Buy Sell or Hold? These 4 Heavy Weight Bank Stocks!

Nairametrics| The Nigerian Banking Index is currently up 0.42% year to date compared to the wider All Share Index which is down 6.36% year to date. A lot of the positive sentiments being recorded in the banking sector comes from the likes of Access Bank, GT Bank, UBA and Zenith Bank. Wherever they go, the index goes. Read More

Posted on February 3, 2017 by SBM Intel

The Week Ahead: As Things Get Tighter, We Need To Be More Creative

The pot is shrinking big time The three tiers of government received a total of ₦4.95 trillion instead of the ₦6.1 trillion projected to be distributed to them in the 2016 fiscal year from the Federation Account Allocation Committee, new data shows. This created a ₦1.1 trillion shortfall within the 12-month period. The federation account Read More

Posted on January 26, 2017 by Ugo Obi-chukwu

Guinness Post Back To Back Losses For Only The Second Time In 30 Years. 

Guinness, Nigeria’s second-largest brewer, posted its second loss in at least 30 years as a recession ravaged Nigeria burns through operating lines of businesses. Guinness, subsidiary of Diageo posted loss of N4.66 billion for the 6 months through December compared to a profit of N1.17 billiona year earlier, it said in an e-mailed statement to Read More

Posted on January 11, 2017 by Onome Ohwovoriole

2017 Outlook: Why Axa Mansard Stock Is A Good Buy

Nairametrics|AXA Mansard is the largest company by capitalization on the NSE Insurance index, with a market capitalization of N17 billion Naira. France based, AXA insurance acquired a majority stake in the firm in 2015. The company posted impressive Q3 2016 results in the light of the difficult operating environment. For the first nine months through Read More

Posted on January 10, 2017 by Onome Ohwovoriole

NNPC Can’t Explain Why Its CHQ Expenses Topped N121 billion In One Year

Nairametrics| NNPC released its financial report for the month of November detailing the operations of the state owned oil company. A cursory review of the report shows an organization that is struggling with its finances. Year to date (November 2016), the NNPC group had a deficit of N180 billion naira. Details of the report show Read More

Posted on December 29, 2016 by Chacha Wabara

This Is a Month By Month Analysis Of How Inflation Rates Rose By 92% In 2016

The Consumer Price Index reports released by the National Bureau of Statistics (NBS) has shown that inflation in Nigeria rose from 9.62% in January to 18.5% in November, a 92% increase. Similarly, the exchange rate suffered a staggering 143% increase against the dollar from N197 to N490 at the parallel market. These events have eclipsed Read More

Posted on October 30, 2016 by Nairametrics

Transcorp Results: Exchange Rate Crisis May Have Killed Off Any Dividend Plans

Analysis: Transcorp 2016 9 Months Results Transnational Corp. of Nigeria Plc is the latest victim of the brutal effect the impact of the floating of the naira on the balance sheet of companies with dollar denominated debts. The company posted a loss after tax of N14.02 billion in the third quarter of 2016, compared to Read More

Posted on October 26, 2016 by Jon Snow

Analysis: Presco Reaps Big From Import Ban

The export of Crude Palm kernel Oil (CPO) to Europe by Presco Nigeria Plc which was aimed at generating dollar revenue is beginning to pay off. CPO has bolstered top lines as well as increased gains on revaluation of biological assets underpinning  profitability rise. For the first nine months through September 2016, Presco’s net income surged Read More

Posted on October 24, 2016 by Nairametrics

This Explains Why GT Bank’s Loan Losses Rose 570% To N57 Billion

Guaranty Trust Bank Plc. (GTB) released unaudited 9M 2016 results, showing that gross earnings jumped 44% YoY to N327 billion while pre-tax profits rose 53% YoY to N141 billion. Already GTB’s result has beats management’s full year expectation of a profit after tax of N140 billion within the first 9 months of the year. The company is Read More

Posted on September 8, 2016 by Joseph Edgar

Enough of the Jankara Economist! Let Us Regain Our Sanity

With the ongoing beating of the Naira at the exchange market and its apparent devaluation, I have come to the sane conclusion that what we mostly have in Nigeria today are Jankara economists. This is because at the onset of this administration, they were all clamoring for the devaluation of the Naira. Their position still Read More

Posted on September 7, 2016 by Jon Snow

Solving The Conundrum of Financial Inclusion In Nigeria

Despite the remarkable improvement by the Nigerian government in ensuring that financial services reach the unbanked, multiplicity of regulations, long distances to service points and high costs of financial services continue to remain a stumbling block to financial inclusion (FI). A lot of people, especially in the rural areas, feel banks are too far from Read More

Posted on August 21, 2016 by Nairametrics

Access Bank’s E-Business Grows 9 Folds To N18.7 Billion In 6 Months

Access Bank Plc in its 2016 Half year results reported a whopping N18.7 billion income from its E-business and channels segment representing a 9 fold increase from the same period in 2015. This tops the N17 billion reported by GTB within the same period. Access Bank’s E-busines Income segment is basically its card related businesses, electronic Read More

Posted on June 20, 2016 by Nairametrics

Weekly Roundup/Outlook: Market Cap Crosses N10 Trillion For The First Time Since November 2015

The Nigerian Stock Exchange was on steroids last week as stocks rallied on the back of the new flexible exchange rate policy. Investors decided to take positions in stocks in anticipation of an influx of foreign portfolio investments into the country in the next few weeks or months. The NSE All-Share Index and Market Capitalization Read More

Posted on June 16, 2016 by Rencap

This Analysis Of The New Exchange Rate Policy Reveals More Pain Is On The Way

Nigeria will float the naira on the interbank FX market, when trading begins on 20 June, in a single market structure. This will release a pressure valve for the economy. We see the economy beginning to thaw and green shoots emerge possibly as soon as a year from now. Before then, we believe the macro Read More

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