TOP STORIES

NIGERIA: Daily Parallel Market Exchange Rate (April 24th 2019)

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

NERC introduces franchising for Discos, as groups and consumers commend move

NERC is officially introducing sub-franchising of DisCos' operations in order to improve access to safe and reliable electricity services to Nigerians.

EMM Podcast: Ugodre explains Inflation and its impact on Nigerians and what affects the supply of the dollar

On this episode of the #EMMPodcast, @Ugodre explains how inflation affects Nigerians and also what drives the demand and supply of the US Dollar.

Understanding Debt: How individuals and businesses can use it responsibly

Don't go swimming in debt. Take a moment to learn about how best to manage your personal and business debt in order to use it to your advantage.

Understanding Mutual Fund Fees: Incentive or Performance Fee

In my first article on the issue of mutual fund fees, I promised to explain all or most of the fees that make up the total expense ratio of a fund. This is a continuation...

Watch two of these FUGAZ banks this week

@firstbankngr and @ubagroup top Nairametrics stocks to watch on the @nsecontact for this week.

Press Releases

GTBank releases Q1 2019 unaudited results, reports profit before tax of ₦57.0bn

Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges.

FCMB Organises Free Training, Urges SMEs to Drive Economic Growth

@MyFCMB hosted the 5th in its series of free capacity building programmes, tagged "Business Enterprises and Sustainability Training" organised for start-up #SMEs in Lagos.

NOVA Merchant Bank Limited rated investment grade by 2 leading rating agencies

NOVA Merchant Bank Limited has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-).

FBN Holdings Plc reports 31.4% growth in profit after tax for the year ended December 31, 2018

FBN Holdings Plc has announced its audited results for the full year ended 31 December 2018.

CCNN beats prediction, records net profit of NGN5.7bn in FY 2018

Cement Company of Northern Nigeria, CCNN, producers of Sokoto Cement, has reported a net profit of N5.7bn (US$15.75m).

FBN Holdings wins World Finance Best Corporate Governance in Nigeria Award 

FBN Holdings Plc has announced its winning of the 2019 Best Corporate Governance in Nigeria Award by World Finance.

Editor's Pick

Guinness Nigeria falls to 5 year low

@guinnessngr has stayed at a 5 year low of N54 for the second trading session this week, on the Nigerian Stock Exchange.

Okomu Oil’s faltering revenue growth dampens performance

After three years of revenue growth, supported by higher CPO (Crude Palm Oil) prices at the international market, OKOMUOIL posted a marginal decline in revenue (-0.02%)

Daily Update on Treasury Bills, Bond, Forex and Oil Prices.

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as Treasury Bills, bonds, FX rates, inflation, oil price.

ANALYSIS: How Finance cost dragged Fidson Healthcare Plc’s earnings

Fidson Healthcare Plc. (FIDSON) continued where the previous year’s revenue chase left off, bringing FY2018 to a close of NGN16.23bn which translates to a growth of 15.45% (vs. NGN14.06 in FY2017).

Champion Breweries stuck at 10 year low

Champion Breweries is trading at a 10 year low of N1.32 and may slide further in the weeks to come.

The hidden cost of clutter in your home and office

It is important to bear in mind that the accumulation of clutter is a 'financial sin'. This is because clutter ties up cash that could be meaningfully invested. Let this article help you understand how to avoid committing this 'sin'.

Network operators earmark $8.5bn to bridge telecommunication gap

To bridge the telecommunication infrastructure gap in the country, Nigerian mobile network operators have earmarked $8.5 billion. The companies intend to invest this amount to meet the demand for telecommunication services across Nigeria.

Boeing suspends its forecast after missing earnings projection

@Boeing has suspended the company's forecast after first-quarter earnings fell behind analysts projections. Boeing had been tipped to hit $3.25 but the company's core earnings settled for $3.16 a share.

NCAA might pull down 7,000 telecoms masts over AHC

The NCAA has threatened to pull down over 7,000 telecommunication masts belonging to  Globacom Limited and other GSM across the country over AHC.

SAHCOL sets record after listing on Nigerian Stock Exchange

Skyway Aviation Handling Company Plc (SAHCOL), yesterday, listed its shares on the main board of the Nigerian Stock Exchange (NSE).

WorldRemit and Paga launch international mobile money transfer service

Digital money transfer company, @WorldRemit, has partnered with Nigeria's mobile money company, @mypaga, to expand its presence in Nigeria. Get details of the partnership by clicking the link...

Latest Posts

Guinness Nigeria falls to 5 year low

@guinnessngr has stayed at a 5 year low of N54 for the second trading session this week, on the Nigerian Stock Exchange.

Network operators earmark $8.5bn to bridge telecommunication gap

To bridge the telecommunication infrastructure gap in the country, Nigerian mobile network operators have earmarked $8.5 billion. The companies intend to invest this amount to meet the demand for telecommunication services across Nigeria.

PEBEC continues active stakeholder engagement to drive reforms on ease of doing business mandate

In line with the objective to actively engage members of the organised private and public sector, and to drive awareness about the implementation of...

Boeing suspends its forecast after missing earnings projection

@Boeing has suspended the company's forecast after first-quarter earnings fell behind analysts projections. Boeing had been tipped to hit $3.25 but the company's core earnings settled for $3.16 a share.

NIGERIA: Daily Parallel Market Exchange Rate (April 24th 2019)

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

Attention Techies: Andela shares useful tips for application delivery

Africa's leading tech development company, Andela, have shared (via Twitter) some very useful tips for Application Delivery. 

NCAA might pull down 7,000 telecoms masts over AHC

The NCAA has threatened to pull down over 7,000 telecommunication masts belonging to  Globacom Limited and other GSM across the country over AHC.

NNPC, DPR, and Customs set up task force to tackle smuggling of petroleum products

The NNPC, Nigerian Customs Service, and the DPR have set up a committee to put an end to the smuggling of petroleum products across the country.

SAHCOL sets record after listing on Nigerian Stock Exchange

Skyway Aviation Handling Company Plc (SAHCOL), yesterday, listed its shares on the main board of the Nigerian Stock Exchange (NSE).

Doctors are free to leave Nigeria, we have more than enough – Chris Ngige

The Nigerian Minister of Labour and Employment, Mr. Chris Ngige, has disclosed that he is not bothered about the decision of some medical doctors...

NCC records 95.7m invalid SIM registration, crooked operators to face persecution

NCC has disclosed that Nigeria recorded a total of 95.7million invalid Subscriber Identity Module (SIM) cards registration since the exercise began in 2011

WorldRemit and Paga launch international mobile money transfer service

Digital money transfer company, @WorldRemit, has partnered with Nigeria's mobile money company, @mypaga, to expand its presence in Nigeria. Get details of the partnership by clicking the link...

How to Invest

Everything you need to know to become a real estate investor

If you are looking for a way to invest your savings, why not consider real estate? See details how by clicking the link below-

If you have N1m today, how would you invest it?

21-year old Ade, was gifted N1m by his rich aunty. He wants to save this to fund his wedding in 10 years. How should he deploy this fund? Find out via the link below...

What to know in order to become an International Investor

If you are reading this, I am very sure you have dreams of becoming rich and successful, with investments scattered all over the world.

10 quotes that would help you invest better

Not everyone has the patience to read 640 pages of The Intelligent Investor by Benjamin Graham, or John Bogle's The Little Book of Common Sense Investing.

STOCK IDEAS

Daily Updates on Bonds, Treasury Bills, Forex and Oil Prices

Daily performance of major economic indicators and highlights from tradings sessions and key statistics.

Daily Updates on Treasury Bills, Bonds, Forex and Oil Prices.

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as Treasury Bills, bonds, FX rates, inflation, oil price

Daily Updates on Treasury Bills, Bonds, Forex and Oil Prices.

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as Treasury Bills, bonds, FX rates, inflation, oil price.

Yields rise as liquidity thinned in pre-MPC trading

The bond market remained scantily traded, with yields on the benchmark bonds trending higher by c.6bps as demand interests remained relatively weak.
GTBank mobile app

Mutual Funds

Daily Update on Treasury Bills, Bond, Forex and Oil Prices.

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as Treasury Bills, bonds, FX rates, inflation, oil price.

Understanding Mutual Fund Fees: Incentive or Performance Fee

In my first article on the issue of mutual fund fees, I promised to explain all or most of the fees that make up the total expense ratio of a fund. This is a continuation...

Fixed Income Market Monitor (8th-12th April)

The money market rate increased last week as the Overnight rate(OVN) and Open Buy Back (OBB) rose to 21.57% and 20.29%from 16.14% and 15.29% respectively

Daily Updates on Bonds, Treasury Bills, Forex and Oil Price.

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as Treasury Bills, bonds, FX rates, inflation, oil price.

Financial Literacy

Oluwatosin Olaseinde explains why many businesses cannot kick off in Nigeria

Nigerian entrepreneur Oluwatosin Olaseinde (@tosinolaseinde) took to her Twitter page over the weekend to explain why many businesses can't kick start in Nigeria.

The hidden cost of clutter in your home and office

It is important to bear in mind that the accumulation of clutter is a 'financial sin'. This is because clutter ties up cash that could be meaningfully invested. Let this article help you understand how to avoid committing this 'sin'.

Understanding Debt: How individuals and businesses can use it responsibly

Don't go swimming in debt. Take a moment to learn about how best to manage your personal and business debt in order to use it to your advantage.

Everything you need to know to become a real estate investor

If you are looking for a way to invest your savings, why not consider real estate? See details how by clicking the link below-
bua cement

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,...

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

EMM Podcast: Ugodre explains Inflation and its impact on Nigerians and what affects the supply of the dollar

On this episode of the #EMMPodcast, @Ugodre explains how inflation affects Nigerians and also what drives the demand and supply of the US Dollar.

BHH Podcast: A business model based on sharing Economy, with Josh and Tochukwu of EazyHire

On this episode of the #BHHPodcast, @taioyewole and Lawrence had @sireryk and @AbsolutelyJosh talk about their platform @EazyhireNG

EMM Podcast: Ugodre explains what the World Bank/IMF GDP projections mean for Nigerians

On this episode of the #EMMPodcast, Ugodre explains what @WorldBank and @IMFNews projections means for Nigerians and also gave tips for stock trading.

BSJ Podcast: Nightclubs, Dangote Sugar, and Cashew nuts Ep4

Inspired by the #Lekki nightmare on the night of April 5th, we discuss how congestion is eating Nigeria alive on this episode of the #BSJPodcast.