POSTS BY: ONOME OHWOVORIOLE

Why President Buhari Travelled To The UK For Medical Treatment

Why President Buhari Travelled To The UK For Medical Treatment

In an interview with Channels Television, Presidential spokesman Femi Adesina, indirectly confirmed that President Muhammadu Buhari, had gone to receive medical treatment outside the...


NBS Q4 2016 Petroleum Products Statistics: Nigeria Spent N2.1 Trillion Naira On Petrol In 2016

NBS Q4 2016 Petroleum Products Statistics: Nigeria Spent N2.1 Trillion Naira On Petrol In 2016

Nairametrics| A new report from the National Bureau of Statistics (NBS) shows that petroleum products take the lion’s share of Nigeria’s imports. The NBS’s...


Nigeria Ratifies WTO Trade Facilitation Agreement (TFA)

Nigeria Ratifies WTO Trade Facilitation Agreement (TFA)

Nairametrics| Nigeria has ratified the Trade Facilitation Agreement (TFA), making it the 107th World Trade Organisation (WTO) member to do so. Minister for Industry,...



Top 10 Nigerian Movies Gross Over N1 billion Naira in 2016

Top 10 Nigerian Movies Gross Over N1 billion Naira in 2016

Despite the recession, Nigerians came out in large numbers to watch indigenous movies in cinemas last year. According to a report from Businessday, the...


CORPORATE ACTION: Wema Bank Appoints Deputy Managing Director

CORPORATE ACTION: Wema Bank Appoints Deputy Managing Director

In a statement to the Nigerian Stock Exchange (NSE), Wema Bank announced the appointment of Mr Ademola Adebise as Deputy Managing Director (DMD). The...


Is Continental Reinsurance A Buy/Sell/Hold ?

Is Continental Reinsurance A Buy/Sell/Hold ?

Nairametrics|Continental Reinsurance, the only listed re-insurance firm in the country today hit a new year high of N1.17 Naira per share. The company has...


NBS 2016 State HY IGR Report: Lagos State Records Highest IGR In The Country

NBS 2016 State HY IGR Report: Lagos State Records Highest IGR In The Country

In the 2016 State Internally Generated Report (IGR) at state level, Lagos State generated N150.9 billion naira as at June 2016. Nassarawa state generated...


Corporate Action: Access Bank Appoints Executive Director

Corporate Action: Access Bank Appoints Executive Director

In a statement to the Nigerian Stock Exchange (NSE), Access Bank Plc has announced the appointment of Dr. Gregory Ovie Jobome as Executive Director,...


Implications Of The CBN Circular on Virtual Currencies (VC) Operations In Nigeria

Implications Of The CBN Circular on Virtual Currencies (VC) Operations In Nigeria

The Central Bank of Nigeria (CBN) yesterday released a circular concerning Virtual Currency (VC) operations in Nigeria. While the apex bank, did not come...


Why Revised Short Selling and Market Making Rules Will Boost Capital Market Activities

Why Revised Short Selling and Market Making Rules Will Boost Capital Market Activities

At the 2016 Review/2017 Outlook briefing by NSE DG Oscar Onyeama, he stated that short selling was now open to retail investors. He also...


How George Soros Lost $1 Billion Dollars

How George Soros Lost $1 Billion Dollars

Billionaire hedge fund manager, George Soros best known for breaking the Bank of England in 1992, was unable to repeat that feat with his...


Corporate Action: Julius Berger Plc Announces Closed Period

Corporate Action: Julius Berger Plc Announces Closed Period

Julius Berger Nigeria Plc in a notice to the Nigerian Stock Exchange (NSE) announced that its Board Audit Committee will meet on Thursday January...


Eight Months After, FG Reintroduces Fuel Subsidy

Eight Months After, FG Reintroduces Fuel Subsidy

Eight months after the removal of subsidy on petroleum products, and introduction of a “price modulation” of fuel prices, the federal government through the...


Kerosene Prices Increased In Lagos By 14% Month on Month

Kerosene Prices Increased In Lagos By 14% Month on Month

  In the February Household Kerosene price watch released today by the NBS, Lagos State had the highest average price of kerosene in the...


A Review Of Nigerian Bitcoin Exchanges, Nairaex And Naira4dollar

A Review Of Nigerian Bitcoin Exchanges, Nairaex And Naira4dollar

While the Securities and Exchange Commission (SEC) as well as the Central Bank of Nigeria (CBN) have sounded notes of caution, they have not...


MMM Nigeria Resumes Ahead of Schedule

MMM Nigeria Resumes Ahead of Schedule

Ponzi scheme Mavrodi Mondial Moneybox (MMM) has resumed operations in Nigeria. Even though no official statement has been released, Nairametrics has confirmed from several...


CBN To Resume Dollar Sales to BDCs Next Week

CBN To Resume Dollar Sales to BDCs Next Week

The Central Bank of Nigeria CBN is to resume dollar sales to Bureau De Change operators next week. CBN sales of dollar proceeds from...


Key Takeaways From The Nigeria Stock Exchange 2016 Review/2017 Outlook

Key Takeaways From The Nigeria Stock Exchange 2016 Review/2017 Outlook

The Nigerian Stock Exchange (NSE) yesterday held its 2016 review/2017 Outlook.  The event was a forum for the management of the NSE to brief...


Corporate Action: Meyer Plc Appoints MD and Company Secretary

Corporate Action: Meyer Plc Appoints MD and Company Secretary

Paint manufacturerer Meyer Plc in a statement released by the Nigerian Stock Exchange (NSE) yesterday announced the appointment of Mr Bamidele Akinola as Managing...


Jaiz Bank Insurance Introduces Takaful Insurance

Jaiz Bank Insurance Introduces Takaful Insurance

Jaiz Bank Insurance Plc, a subsidiary of Jaiz Bank Plc has introduced Takaful insurance services in the country. In Takaful insurance, members pool their...


Corporate Action: Med-View Airlines To List Shares January 31st on the NSE

Med-View airlines is to its shares on the Nigerian Stock Exchange on the 31st of January. The aviation firm will be listing 9. 75...


Corporate Action: UBA Plc Notification of Closed Period

UBA Plc, in a statement to the Nigerian Stock Exchange NSE has declared the commencement of the bank’s closed period from today January 11...


Corporate Action: Meyer Plc Commences Rights Issue

Corporate Action: Meyer Plc Commences Rights Issue

Paint manufacturer, Meyer Plc has opened its rights issue of 291 million shares at 75 kobo per share. The offer opened on Monday 9th...


2017 Outlook: Why Axa Mansard Stock Is A Good Buy

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...


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

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...


Court Orders MTN Nigeria To Forfeit N8 billion to FG

Court Orders MTN Nigeria To Forfeit N8 billion to FG

In yet another battle for MTN Nigeria, a federal high court has granted a court order temporarily forfeiting the sum of N8 billion naira...


RAK Unity Petrolem Changes Financial Year End

RAK Unity Petrolem Changes Financial Year End

In a notice to the Nigerian Stock Exchange, RAK Unity petroleum has changed its financial year end from 31st March to 31st December. The...


Edo State To Employ 10,000 people To Collect Revenue

Edo State To Employ 10,000 people To Collect Revenue

Newly elected Governor of Edo State, Godwin Obaseki has instituted processes to employ 10,000 people in the state. They are to be recruited from...


MMM now accepts bitcoins for Payment

MMM now accepts bitcoins for Payment

Ponzi scheme MMM which was suspended abruptly last year, has now approved the use of bitcoins for payment. Bitcoins are a digital currency which...


Jaiz Bank to list on the NSE

Jaiz Bank to list on the NSE

Nigeria’s premier non-interest commercial bank, Jaiz bank has gotten the approval of the Nigerian Stock Exchange to list its shares. Shareholders had earlier given...