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Investors lose N26 billion, ASI dipped 0.22% on Wednesday

The NSE market continued its bearish trend as the bourse bowed to the bears, recording a 0.22% decline in the value of the All-share index.

List of Dividends announced so far in 2020 (February)

List of Dividends announced so far in 2020 (February)

Konga CEO targets $10 million daily turnover by 2024

E-commerce giant, Konga has revealed that the business will hit the $10 million daily turnover mark by 2024.

IHS set for biggest African IPO in U.S

IHS Holdings Limited is reportedly planning the biggest Initial Public Offering (IPO) by an African company in the United States.  

Japanese firms set to invest in Lagos Free Zone

Some Japanese firms have endorsed the Lagos Free Trade Zone after they were hosted to a tour of the zone.

Talent management at Pagatech – Jay Alababra

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 of #BHH, we hosted Jay Alabara Co-founder & Director of Business Development at Pagatech.

Flour Mills: Growth outlook still positive, potential upside exists

Flour Mills Nigeria Plc released its 9M 2020 financial results showing a 5.7% y/y growth in Revenue to N423.5 billion from N400.6 billion in 9M 2019.


Press Releases

Interswitch partners American Express to broaden acceptance of Amex Cards in Nigeria

Interswitch Limited and American Express are pleased to announce a new partnership to expand the usage and acceptance of American Express Cards across Nigeria.

Stanbic IBTC Holdings PLC Makes Bold Showing At SMWLagos 2020

As the 8th edition of the Social Media Week Lagos kicked off on Monday, February 24, 2020, leading financial services group, Stanbic IBTC Holdings PLC, has made a bold statement at the event by sponsoring two masterclasses

It’s time to Power Up your Aspirations

Business owners have to fight through rejections from investors, banks, loan merchants and even family in raising capital for their business.

GTBank’s MD/CEO, Segun Agbaje to speak at Social Media Week on Thursday, February 27, 2020

Segun Agbaje, lead a conversation at Social Media Week Lagos on Thursday, February 27, 2020. Tagged “Going Beyond the Digital Experience.”

Financial Empowerment: UBA Launches ‘Click Credit’ to Ease Access to Cash for Customers

UBA Plc has launched ‘Click Credit’, a time loan designed to address the urgent needs of customers whose salary accounts are domiciled with the bank.

Zenith Bank Reaffirms Market Leadership as PAT Crosses N200billion Mark

In a clear show of its resilience and market leadership, Zenith Bank has announced an impressive result for the year ended December 31, 2019 with a profit after tax (PAT) of N208.8 billion,

Latest Posts

Two new gold refineries to begin operation in Nigeria soon

Two new gold refineries have been licensed by the Federal Government of Nigeria to begin producing the special metal for export.

NNPC to begin gas pipeline construction by Q2 2020

The NNPC has disclosed that the construction of the Ajaokuta-Kaduna-Kano gas pipeline would commence in the second quarter of this year.

Nestle Nigeria Plc appoints new Director

Nestle Nigeria Plc has appointed Mrs Juliet Ehimuan as an Independent Non-Executive Director.

Dangote to now export cement from Congo as Nigeria keeps borders closed

Dangote Cement Plc has disclosed that it will begin to export its products to the rest of the African market right from its Congolese plant.

Based on results released so far, here’s an overview of Nigerian banks’ performance

Nigerian banks did well to keep costs low in 2019, according to information gleaned from some of their financial statements that have been released.

FIRS issues deadline for taxpayers to obtain Tax Identification Number

The FIRS has set a deadline for all taxpayers and organisations to obtain Tax Identification Numbers (TINs).

Dangote Cement explains reason for first revenue drop in over 11 years.

The cement giant reported revenues of N610.2 billion in 2019 compared to N618.3 billion a year earlier.

Financial decisions you must take now

A new year comes with it a sense of renewal, with goals and plans to make changes required in addressing financial issues in the coming year and beyond.

Dangote Cement retains BUY status despite weak revenue

Based on the recently released FY 2019 results published by Dangote Cement, revenue declined albeit marginally by 1.1% y/y to N891.7 billion.

Investors lose N26 billion, ASI dipped 0.22% on Wednesday

The NSE market continued its bearish trend as the bourse bowed to the bears, recording a 0.22% decline in the value of the All-share index.

Interswitch partners American Express to broaden acceptance of Amex Cards in Nigeria

Interswitch Limited and American Express are pleased to announce a new partnership to expand the usage and acceptance of American Express Cards across Nigeria.

Presidency confers power on ICPC to probe government ministries and agencies

The ICPC would partner with PEBEC to improve the country’s business climate and secure reforms through criminal investigation and prosecution of public complaints.
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Financial decisions you must take now

A new year comes with it a sense of renewal, with goals and plans to make changes required in addressing financial issues in the coming year and beyond.

How Not To Invest In Shares

How Not To Invest In Shares

Answering the big Bitcoin question – buy, sell or hold?

Bitcoin is characterised by booms (when the price goes up) and busts (when the price falls) that have been sources of major criticism.

What will you invest N1 million in if you have the following options?

Earlier this week, the Founder of Nairametrics, Ugochukwu Obi-Chukwu, gave his Twitter followers a simple test on portfolio diversification.
Standard chartered

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

These are best dividend stocks in 2019

NSE data revealed that 29 companies in Nigeria declared and/or paid more dividend per share in 2019 than they did in 2018. While two doubled their dividend, another two paid more than 50%, others did more in 2019 than 2018

Vitafoam returns to a 5-year high

Vitafoam Nigeria Plc hit a 5-year high on the Nigerian Stock Exchange, this week. The stock closed at N5 in Tuesday’s trading session.

Equities: A bullish run to start the year 

Following a bearish run in 2019, with a negative return of 14.6%, the local bourse began the year on a positive note.
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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.

Zimvest

FG to disburse N97.3 billion to tech innovators, agric enterprises

The sum of $20 million funds has been approved by the Federal Government for young innovators and SMEs in the technology sector.

Bank of Industry supports businesses with N3.9 billion loan 

The Bank of Industry (BOI) has disbursed about N3.9 billion loan as financial support for Small, Medium Enterprises (SMEs) in Kebbi state

Eyowo launches product to boost SMEs operations 

Eyowo Integrated Payment Limited has launched a workshop series to help ease retailers and business owners mode of business operations in Nigeria.

FCMB deepens empowerment of SMEs in Ogun State, as First Lady commends bank

FCMB has restated its commitment to the productivity and profitability of SMEs through funding, capacity building, advisory and other forms of support.

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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Talent management at Pagatech – Jay Alababra

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 of #BHH, we hosted Jay Alabara Co-founder & Director of Business Development at Pagatech.

Two weeks after: What are the impacts, consequences of Okada ban?

On this episode, @saucekiz_SMILEs hosted @Mr_Abara, @iamnotjustakuki, @OgbeniTito, and @rosaliaisabell1 as they discussed effect of the Lagos State Government's (@followlasg) ban on okada and tricycles in many parts of the city.

EMM Podcast: Nigerians will spend approximately N45 billion naira this valentine

On this episode of the EMM Podcast, Ugodre delved into the amount that would spent on Valentine, tax matters, a number of conflicting personal...

Podcast: Is Okada and Keke Napep ban good or bad for Lagos?

On this episode, @saucekiz_SMILEs hosted @Mr_Abara, @iamnotjustakuki, @OgbeniTito, and @rosaliaisabell1 as they debated the Lagos State Government's (@followlasg) decision to ban okada and tricycles in many parts of the city.
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