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Bears return to global equity markets, Trump’s help boost Crude oil

In Nigeria, the week ended amid rising cases of COVID-19 pandemic, in lieu of the country’s equity market recording another bearish result. 

Bears return ASI down 0.13% as trading volumes plunge

The Nigerian bourse closed on Friday on negative with the Nigerian All Share Index/Market Capitalization down by 0.13% , to close at 21,094.62

FCMB Group records N188bn revenue, grows Profit to N20.1billion

FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that the Group’s gross revenue increased.

NSE loses N2 trillion in value in Q1 2020, as oil plunges 65% QoQ

The market capitalisation of the Nigerian Stock Exchange, which represents the market value of all listed companies, lost about N2 trillion in the first quarter of 2020.

List of Dividends announced so far in 2020 (April)

List of Dividends announced so far in 2020 (April)

Bulls lift Nigerian bourse up 0.10%, as trading volume picks up

The Nigerian bourse closed on Thursday slightly positive, as the All-Share Index / Market Capitalization surged by +0.10%.

Nigeria welcomes first Bitcoin ATM

Bitcoin ATMs have increased in popularity around the globe because of the easier options they provide to consumers in buying or selling bitcoin.


Press Releases

FCMB Group records N188bn revenue, grows Profit to N20.1billion

FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that the Group’s gross revenue increased.

Huawei releases 2019 annual report, announces solid business performance

Huawei released its 2019 Annual Report today, detailing a solid business performance.

COVID-19: Seplat, Waltersmith support Imo, donate medical items to curb disease

Seplat Petroleum Development Company and Waltersmith have donated some medical items that will help to curb the spread of the COVID-19 in the Imo State.

Ziing mobile app gets upgrade

Ziing has upgraded her mobile application with features for improved user experience on Android and IOS devices.

Access Bank innovates to give customers more access to funds in COVID times

Access Bank Plc has introduced a Dual Transaction Service (DTS) - an enhanced debit card service that provides access to credit at the same time.

COVID-19: Ecobank commits about N100 million to national radio campaign “StaySafeNigeria”

Ecobank Nigeria says it is committing about N100 million to drive its National Radio Campaign “StaySafeNigeria”, being part of its corporate actions to support measures to check the rising spread of Coronavirus.

Latest Posts

Bears return to global equity markets, Trump’s help boost Crude oil

In Nigeria, the week ended amid rising cases of COVID-19 pandemic, in lieu of the country’s equity market recording another bearish result. 

How Sterling Bank has kept up the fight against COVID – 19

Sterling Bank hits closer to home because the bank’s priority sectors are Health, Education, Agriculture, Renewable Energy, and Transportation.

Dangote, Otedola, Elumelu, Ovia, others donate N19.48 billion to COVID-19 relief fund

Dangote, CBN, Otedola, Elumelu, Ovia, Rabiu donated the total sum of N19.48 billion as relief fund contributed to the account set up under the Private Sector Coalition Against COVID-19

Five industries that thrive in COVID-19 downturn

Businesses in certain industries are actually thriving amidst the COVID-19-induced economic downturn

WHO warns countries against rushing to lift coronavirus restrictions

The World Health Organization (WHO) has cautioned countries against rushing to lift quarantine restrictions too quickly.

Beware of sites offering free internet plans, NCC warns Nigerians

Fraudulent websites spread like wildfire, offering free internet bundles as telecoms consumers continue their quest for slashed data prices

Naira under pressure as Nigeria records poor export earnings

The naira is expected to be under intense pressure from the dollar starting next week, no thanks to Nigeria's poor export earnings due the COVID-19 pandemic.

COVID-19: SEC issues guidelines for AGMs, other measures

The Security and Exchange Commission (SEC) has issued additional guidance to the capital market operators as a result of social distancing directive

Polaris Bank to wave penalties on loan defaults due to Covid-19

Polaris Bank Limited, yesterday, announced that it has decided to wave aside all the charges associated with loan defaults, albeit for the meantime. 

Zoom’s founder reacts to security criticisms, says company was unprepared for demand surge

Eric Yuan, the founder of the video-conferencing app, Zoom, has reacted to the backlash from its users over security, safety, and privacy concerns.

Ikeja Hotels Plc proposes final dividend of 2 kobo

Ikeja Hotels Plc has proposed a final dividend of N0.02 for every 50 kobo ordinary share. The proposed dividend is subject to appropriate withholding tax.

LASEPA backtracks, unseals Jumia Warehouse few days after shutting it down

LASEPA has eeopened Jumia warehouse situated at Surulere industrial road, off Allen Avenue, in Ikeja Lagos.
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Five industries that thrive in COVID-19 downturn

Businesses in certain industries are actually thriving amidst the COVID-19-induced economic downturn

SMEs: How to attract fund from banks, investors, donors

The leading cause of this high startup mortality rate is not the lack of customers or innovative business ideas or bad location, but poor access to finance.

How to invest in uncertain times

Financial planning is having a plan for your finances in a manner that protects your cash flow from dissipation and/or loss.

Smart money vs dumb money

Smart money people are usually big time investors like big financial institutions that have all the resources to outperform the market.
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List of Dividends announced so far in 2020 (April)

List of Dividends announced so far in 2020 (April)

Why Nigerian top bank stocks are too cheap to ignore?

Investors are advised to take advantage of the present low prices of banking stocks based on their 2019 financial results, and the dividend yield some of the tier-1 banks have declared.

Global Financial Market Summary For 9th March 2020

The Nigeria’s local bourse began on Monday morning on a bearish note amid a slump in crude prices, which fell over ▼10% , as Brent oil was trading below $35 causing a shortfall in revenue to Nigeria’s 2020 budget,

Analysis: Nigerian Breweries, the glory days are gone

These days, the story is somewhat underwhelming for Nigerian Breweries and every year it gets worse, as the brewery giant reported a profit after tax of N16 billion from revenue of about N323 billion only

New Gold ETF, Vetiva, others lead best performing mutual funds in 2019

Knowing how good or bad your mutual fund is doing in comparison with its peers, (peer comparison), helps you to know if you should continue with your current investment manager or not.

Fund of funds, missing link in Nigeria’s mutual fund industry

Fund of funds, missing link in Nigeria’s mutual fund industry

Vantage, IBTC, PACAM, Legacy, 5 others join mutual funds league in 2019

SEC has been doing its best to publish, as often as it can, a compilation of the Net Asset Values of Nigerian mutual funds.

Nigeria’s mutual funds generate over N529billion in new investments in 2019

A review of the NAV Summary Report has disclosed that Nigerian mutual funds attracted N520,418,401,269.22, in contributions in 2019.

 

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What SMEs must do to survive the Coronavirus outbreak

Economic activities are slowing down, businesses need to stop burning cash and start accumulating as much cash as possible. 

COVID-19: Here’s how to manage remote teams for your startup

Many companies have in the last few days, rolled out mandatory work-from-home policies amidst the spread of COVID-19.

Impact of COVID-19 on startups

COVID-19 has had an immediate impact on travels, the hospitality industry, sporting events, movies, restaurants and schools.

Coronavirus: Simple ways to keep your business running

Both the public and private sectors are scrambling to slow the spread of the illness and contain COVID-19 infection, as it is spreading rapidly.

 

Corporate Story: Intriguing tale of Seven-Up’s ugly fight for market share in Nigeria

For many years, competition in the Nigerian soft drink market was mainly between Coca-Cola and Seven-Up but in 2014, Rite Food came and disrupted the space.

A bitter family feud has continued to hamper this company’s growth

Sometime in early 2012, a wealthy, sophisticated, and beautiful middle-aged Nigerian businesswoman walked into a Lagos courtroom to testify before a judge.

Cement Wars: The battle for Cement dominance between Ibeto vs Dangote

A story of the battle for Cement dominance in Africa's largest economy, Nigeria.

Corporate Story: The rise and fall of HiTV

In this latest installment of Corporate Stories, we are going to tell the story of a young man, who dared to take on a...

Corporate Profiles

Top Nigerian CEOs who lost/left their jobs in 2019; what are they doing now? 

The focus of our corporate personalities profiles today is to take a closer look at all the top CEOs that lost their jobs in 2019. 

The rise of Premier Lotto boss, Sir Adebukunola Adebutu Kesington

The compelling success story of the Odole Odua, Sir Adebukunola Adebutu Kesington, will surely make an award-winning masterpiece if well-knitted.

APC is “locked inside Buhari’s intellectual prison” – Feyi Faweyinmi

On Friday, October 11, Nairametrics had an interesting tweet chat with Feyi Faweyinmi, a young Nigerian accountant and finance professional.

Austin Okere talks about fire incident at CWG Plc and other issues

On Wednesday, the day right after Nigeria’s 59tth Independence Day anniversary, Nairametrics interviewed Austin Okere.
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BHH Podcast: Setting up a Micro-finance Bank is hard – COO Shalom MFB

Business Half Hour (BHH) is a weekly podcast targeted at Startups and Entrepreneurs, who are redefining the Nigerian business scene through innovation. In this episode...

BHH Podacst: COVID-19, the global economy and Nigeria businesses

Business Half Hour (BHH) is a weekly podcast targeted at Startups and Entrepreneurs, who are redefining the Nigerian business scene through innovation.

EMM Podcast: Nigeria lost N1 trillion in 2 days

On this episode of the EMM Podcast, Ugodre delved into a number of conflicting personal finance questions and issues making round in the economy

BHH Podcast: Your staff can’t work remotely except – CEO Quidax

Business Half Hour (BHH) is a weekly podcast targeted at Startups and Entrepreneurs, who are redefining the Nigerian business scene through innovation. In this episode...
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