TOP STORIES

MTN Nigeria continues its bull run on the NSE

MTN Nigeria continued its bullish run as @nsenigeria ended Tuesday's trading session in positive territory. ASI closed at 30,218.14 basis points, up 2.88%.

BHH Podcast: Peace Obule has advice for entrepreneurs with dreams of venturing into Fintech

On this episode of the #BHHPodcast, Bukola and @Taioyewole had StrateCore Dynamics' @peaceobule gives tips on venturing into the world of fintech.

Insurance Companies shocked as NAICOM increases capital base by 200%

The National Insurance Commission (NAICOM), has increased the minimum paid-up share capital of insurance and reinsurance firms.

Investors may be ‘dumping’ FUGAZ stocks to buy MTN shares

On May 16th the Nigerian Stock Exchange welcomed a big elephant into the bourse. MTN with a market cap of about N1.8 trillion was...

MTN Nigeria gets a wildcard entry in this week’s watchlist

@MTNNG leads this week's watchlist due to record demand for the stock by investors, following its listing.

CORPORATE ACTIONS: An Exit and a Yhello landing

@MTNNG listing on the @nsecontact premium board was the highlight of activities on the Nigerian bourse last week.

Press Releases

Meristem Green Fest: Masterclass speakers and organic vendors unveiled

Meristem Green Fest (@meristemnigeria) announces the facilitators for the masterclasses set to hold at the event.

UBA partners Mastercard, Rewards Customers with All-Expense Paid Trip to UEFA Champions League Finals

United Bank for Africa Plc and Mastercard have announced they are giving away all-expenses paid trips to the Semi-Finals and Finals of the 2019 UEFA Champions League to 12 lucky UBA Mastercard holders and their plus ones. 

FirstBank hits N1tn in transactions processed through its Firstmonie Network

First Bank of Nigeria Limited has announced that its Firstmonie network has processed a cumulative transaction value of N1 trillion from its relaunch in January 2018.

Abdoul Aziz Dia Joins the Group Board of Directors of UBA

 The United Bank for Africa Plc (UBA) announced today that Mr Abdoul-Aziz Dia will join the bank’s Board of Directors subject to the approval of the Central Bank of Nigeria.

Access Bank to splash Millions on over 1000 DiamondXtra customers this month

Access Bank to splash Millions on over 1000 DiamondXtra customers this month

Tony Elumelu Foundation to host the largest gathering of African entrepreneurs at 5th Annual Entrepreneurship Forum in July in Abuja

The Tony Elumelu Foundation (TEF), Africa’s foremost champion of entrepreneurship, will host its 5th Annual Forum on July 26 – 27, 2019.

Latest Posts

Why four aviation unions commenced indefinite strike earlier today

Four aviation unions went on strike over the failure of the Nigerian Civil Aviation Authority (NCAA) to solve problems associated with perceived faulty organogram in the authority.

MTN Nigeria: The Phoenix of Africa

Following the listing of 20.3bn units of its shares on the premium board of the Nigerian Stock Exchange (NSE) at a price of N90 per share, MTN Nigeria (MTNN) share price gained 46.3% to close at N131.70/s on Tuesday, 21 May; only four days post listing.

MTN Nigeria takes over the Stock Market with its exceeding trades

The Nigerian Stock Exchange ended Wednesday's trading session in positive territory. The All Share Index closed at 31,145.15 basis points, up 3.07%.

Access Bank presents salary-for-life, education grant, cash prizes to DiamondXtra customers

@myaccessbank has concluded its quarterly draw for DiamondXtra customers. The season 11 edition saw a total of N51m won through cash prizes, salary-for-life, education grant, and rent for one year.

Latest PMI shows expansion despite slow growth in Manufacturing GDP

Nigeria's manufacturing Purchasing Managers’ Index (PMI) grew faster for the 26th consecutive months, indicating further expansion in the manufacturing sector.

Forte Oil Plc declares special interim dividend to shareholders

Forte Oil Plc has declared an interim dividend of N1.15 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018.

Access Bank and Etiebet to settle alleged N2.4bn debt case out of court

@myaccessbank and Obodex Nigeria Limited have notified the Federal High Court in Lagos of their intention to settle the legal dispute out of court.

Aero Contractors to increase fleet size after overcoming hard-times

Aero Contractors Limited has disclosed its intention to add more aircraft to its fleet before the end of the year now that it is back in full operations.

Why Emefiele wants banks restricted from access to bonds and treasury bills

Governor of the Central Bank of Nigeria, Godwin Emefiele, has sought the restriction of banks' access to government securities such as bonds and treasury bills.

NIGERIA: Daily Parallel Market Exchange Rate (May 22nd 2019)

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

Coca-Cola to boost earnings in its African bottling unit, halts refranchise

@CocaColaCo has dropped its plan to re-franchise the Coca-Cola Beverages Africa (CCBA), saying it will like to retain a majority stake in its African bottling business

MainOne to invest N25bn through its ‘Digital Lagos’ Project

MainOne has disclosed plans to invest up to N25 billion towards providing additional 2000km of fiber optic infrastructure through its project titled 'Digital Lagos: Broadband for All'.

Financial Literacy

How to get the Central Bank of Nigeria to credit your account

Doesn’t it feel good to be a lender of money? Yes, it does, especially if you know the borrower is creditworthy and would repay you with interest as at when due. The Central Bank of Nigeria could always borrow money from you and repay you when the time is due.

Understanding Mutual Fund Fees: Miscellaneous Fees

In my first article on the issue of understanding mutual fund fees, I expounded on what management fee is, how to calculate it and how to reduce the burden by negotiating better rates if you are in a position to do so.

How to calculate interest on a money market fund investment

I recently received an email from one Stephen A (last name withheld), who asked if I can shed more light on how investors can calculate interest on their money market fund investment.

Understanding Investment Bias: What influences investors’ decisions?

The benefit of behavioural finance is that investors are able to recognize these behavioural biases and take corrective actions to avoid financial losses.

STOCK IDEAS

MTN Nigeria gets a wildcard entry in this week’s watchlist

@MTNNG leads this week's watchlist due to record demand for the stock by investors, following its listing.

MTN’s listing by introduction: Should you buy, sell or wait and see?

MTN Nigeria has listed its shares on the Nigerian Stock market (NSE) as the telco-giant received regulatory approval from SEC and NSE to list 20.3bn units of shares at a price of N90 per share.

Guinness Nigeria is a SELL

@guinnessngr is a SELL in Nairametrics opinion due to the poor fundamentals of the brewery industry.

Alert: MTN’s 20.3bn Shares to start trading this week

Nigeria's telecom giant, MTN, is set to be officially introduced on the Nigerian Stock Exchange on Thursday as all relevant processes have now been completed.

Mutual Funds

Daily Update: T-Bill rates hit new lows ahead of CBN MPC decision

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills. This is brought to you by Zedcrest.

Fixed Income Market Monitor (May 13th- Friday 17th)

The money market rate decreased last week as the Overnight rate (OVN) and Open Buy Back (OBB) fell to 5.29% and 4.57% from 10.00% and 9.14% respectively.

What you should always look out for in a Mutual Fund

In what seems to have become a custom, I received yet another email from one of my readers, asking me what money market fund I would recommend for a newbie.

T-Bill Rates Decline Further in Absence of CBN OMO Auction

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills.
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SME Zone

14 ways to turn your small business into an asset of value

As an entrepreneur, there’s only one goal you should be aiming at – "To turn your business into a wealth-creating asset of value.’’ This perspective is according to renowned Venture Capitalist and Business Growth Accelerator, Pavlo Phitidis. 

6 easy ways to market your new business on the internet

Internet marketing is a necessity for every business that wants to go far. Having an online presence will help you establish your expertise.

Why you need emotional intelligence to successfully run a business

Basically, emotional intelligence (EQ) is the ability to recognise, understand, and manage one’s feelings and emotions, as well as those of others.

Building a side business as a 9-5 worker? Here are the things you should know

In a world where everyone is looking for extra income through numerous side hustles, it is a great idea to know how best to balance one's regular day job so that it does not conflict with the hustle.

Corporate Stories

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 Stories: The back story behind the UBA & STB Merger

In this month's episode, we tell the story of how one of the biggest deals in Nigeria's corporate history was executed with the heart...

#CorporateStories: Tiger Brands’ misadventure into Dangote Flourmills

This is a short account of the activities that underpinned Dangote Flour Mills’ remarkable 288% share price rally in 2016. The precursor to this,...
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Corporate Profiles

Notable businessmen who changed the political game in 2019

In retrospect, we look back at the 2019 election, with special focus on some of the business executives who ventured into politics by running for various elective positions.

On this day, we celebrate top Nigerian women in business

Today is International Women’s day, a global, annual event specially dedicated to celebrate women and their many accomplishments.

Fidson’s plan to dominate the pharmaceutical space in the next 10 years

Fidson Healthcare Plc held a breakfast meeting with shareholders to provide details of a N3 billion rights issue. Nairametrics had an exclusive interview with the Founder/Managing...

CEOs of some NSE companies that may declare losses for 2018 – Part 2

Last week, we brought you the first part of a list of some Chief Executive Officers of NSE-listed companies that may end up declaring losses for full-year 2018.

Podcast

BHH Podcast: Peace Obule has advice for entrepreneurs with dreams of venturing into Fintech

On this episode of the #BHHPodcast, Bukola and @Taioyewole had StrateCore Dynamics' @peaceobule gives tips on venturing into the world of fintech.

EMM Podcast: Ugodre analyses the “Uber-for-portable-toilets” business idea

On this episode of the #EMMPodcast, @Ugodre explains the "Uber-for-portable-toilets" business idea, where can one invest N1 million, and borrowing from Microfinance banks.

BHH Podcast: How technology can provide opportunities for Small business in the healthcare sector Part 2

On this episode of the #BHHPodcast, The co-founder of @SwiftMedispark, @ugopreneur joins @Taioyewole and Bukola to discuss how technology can provide opportunities for small businesses in healthcare.

BSJ Podcast: Do you love me or do you love my stock picks?

A Financial Analyst wonders if her boyfriend really cares for her or just her knowledge of the stock market. This is #BSJPodcast