POSTS BY: ONOME OHWOVORIOLE

Why Sterling Bank Is Flirting With Exporters

Why Sterling Bank Is Flirting With Exporters

Nairametrics|Tier two lender, Sterling Bank has entered into a partnership with the Nigerian Export Promotion Council (NEPC). The partnership will benefit the bank in...


The Many Problems Of RT Briscoe

The Many Problems Of RT Briscoe

Nairametrics| KPMG, auditors to RT Briscoe Plc highlighted, in a recent report, their worries about the going-concern status of the company. In plain English,...


Recent History Shows Lagos State Is Not New To Being Anti-Business

Recent History Shows Lagos State Is Not New To Being Anti-Business

Nairametrics| Lagos State is one of the few states in the country that earns significantly more from its Internally Generated Revenue (IGR) than FAAC...



Cadbury, Time For Change In Strategy And Management

Cadbury, Time For Change In Strategy And Management

Nairametrics|Cadbury Nigeria Plc,  released its audited Financial Statements for the year ended December 2016. An old rule of thumb on the Nigerian Stock Exchange...


Air Peace Needs To Grow Slowly

Air Peace Needs To Grow Slowly

Nairametrics|Air Peace, one of the few surviving airlines in the country, which currently flies to Accra, Ghana, has disclosed that it will be expanding...


The AMCON Pill Is Bitter: Aerocontractors Sacks 900 Staff

The AMCON Pill Is Bitter: Aerocontractors Sacks 900 Staff

Nairametrics| One year after the Asset Management Company of Nigeria (AMCON) intervened in the affairs of Aero Contractors Company of Nigeria, it seems to...


Deadlock: Banks Have Refused Etisalat’s “Trojan Horse” Offer

Deadlock: Banks Have Refused Etisalat’s “Trojan Horse” Offer

Nairametrics| The 13 Nigerian banks that loaned Etisalat Nigeria, $1.2 billion in 2013, insist the bank must, repay the dollar portion of the loan...


NASD To List Nigerian Football Clubs in 3rd Quarter; These Are The Clubs

NASD To List Nigerian Football Clubs in 3rd Quarter; These Are The Clubs

Nairametrics| The National Association of Securities Dealers (NASD), in collaboration with the League Management Company (LMC), has announced that eight Nigerian football clubs are in...


Fidelity Bank Comes Clean: ‘Etisalat Nigeria Owes Us N17.5 Billion’

Fidelity Bank Comes Clean: ‘Etisalat Nigeria Owes Us N17.5 Billion’

Nairametrics| Fidelity bank, is now the latest Nigerian bank to come clean on Etisalat Nigeria’s indebtedness to it. The bank says Etisalat Nigeria owes...


MTN Nigeria Solar Deal: Great CSR, More Mobile Money 

MTN Nigeria Solar Deal: Great CSR, More Mobile Money 

Nairametrics| MTN Nigeria, is apparently looking beyond its current core areas of voice and data, to move into mobile payments. While it has couched its...


A Quick Run Down Of The Changes At The Corporate Affairs Commission (CAC)

A Quick Run Down Of The Changes At The Corporate Affairs Commission (CAC)

Nairametrics| As part of efforts to enhance the ease of doing business in Nigeria, the Corporate Affairs Commission (CAC) now does company incorporation in...


Why Shell May Not Renew Oil Blocks In 2019

Why Shell May Not Renew Oil Blocks In 2019

Nairametrics|Seventeen of SPDC’s (Shell Petroleum Development Company) oil blocs will fall due for renewal in 2019, giving the oil multinational the option of either...


After GTB Comes Clean On Etisalat, Who Is Next?

After GTB Comes Clean On Etisalat, Who Is Next?

Nairametrics| At this rate, Etisalat Nigeria may turn out to be the proverbial bull in the china shop for Nigerian banks. In addition to...


Tanzanian President Just Caught The Dangote Bug

Tanzanian President Just Caught The Dangote Bug

Nairametrics| Critics of Africa’s richest man, Aliko Dangote have accused him severally of practicing crony capitalism or taking advantage of loopholes in government to...


How They Are All Connected To The Etisalat Web Of Debt

How They Are All Connected To The Etisalat Web Of Debt

Nairametrics| With Etisalat, the duo of the Central Bank Of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have a big problem on their hands. The...


Bailout? Etisalat Owes IHS Too And Has Defaulted In Payments

Bailout? Etisalat Owes IHS Too And Has Defaulted In Payments

Nairametrics| Despite the temporary reprieve from what was an imminent commencement of receivership activities by a consortium of Nigerian Banks, the journey to financial freedom...


Ex CBN Governor Soludo Criticizes Government’s Recovery Plan

Ex CBN Governor Soludo Criticizes Government’s Recovery Plan

Nairametrics| Central Bank Governors by nature are slow to speak. The slightest misinterpretation of their words, can send the financial markets into a spin....


Oando Spins Off Power Asset, Constructs LNG Plant In Ajaokuta

Oando Spins Off Power Asset, Constructs LNG Plant In Ajaokuta

Nairametrics| Oando Plc, is concluding arrangements to construct a mini LNG plant in Ajaokuta, Kogi State. The company has also divested its stake in...


Tall Dreams: Udo Udoma And His Claims That 2017 Budget Will Lift Nigeria From Recession

Tall Dreams: Udo Udoma And His Claims That 2017 Budget Will Lift Nigeria From Recession

Nairametrics|Minister of Budget and Planning, Udoma Udo Udoma told the National Assembly that a quick passage of the 2017 Budget will get Nigeria out...


5 Possible Reasons Why Etisalat Defaulted

5 Possible Reasons Why Etisalat Defaulted

Nairametrics| Business definitely looked rosier for Etisalat after six months of operations in Nigeria. The telecoms company with a current subscriber base of about...


Analysis: Stimulating Nigeria’s Economy Through Real Estate

Analysis: Stimulating Nigeria’s Economy Through Real Estate

With two months into 2017 and economic indices yet to take the desired turn, the reality of another year in recession is gradually dawning...


What The Government Should Do With  N75bn In Unclaimed Dividends 

What The Government Should Do With  N75bn In Unclaimed Dividends 

Nairametrics| At a hearing by the House Of Representatives, DG of the Securities and Exchange Commission (SEC), Munir Gwarzo said that the agency had...


CBN AND NDIC’s Tussle Over Funds In Dormant Accounts

CBN AND NDIC’s Tussle Over Funds In Dormant Accounts

Nairametrics| At a public hearing by the House of Representatives on amendment of the Banks and Other Financial Institutions Act (BOFIA), the Central Bank...


Access Bank Earns N16.2 billion From Sale of Stake in SIPML

Access Bank Earns N16.2 billion From Sale of Stake in SIPML

Nairametrics| Tier one lender, Access Bank Plc made a profit of N16.2 billion from the sale of its 17.65% stake in Stanbic Ibtc Pension...


What Shell’s Bonga Shutdown Means For The Nigerian Economy

What Shell’s Bonga Shutdown Means For The Nigerian Economy

Nairametrics| Nigeria has had what you can describe as one of the best two quarters since the Buhari administration.  The external reserve are up, inflation...


What Happens To Omatek Ventures After Mrs. Seriki’s Death?

What Happens To Omatek Ventures After Mrs. Seriki’s Death?

Nairametrics| The sudden death of the Founder/CEO of Omatek Computers, comes as a great loss to the information and communications technology (ICT) sector and...


What We Experienced Trying To Buy Forex From Some Banks

What We Experienced Trying To Buy Forex From Some Banks

Nairametrics| The new CBN’s forex policy has been in operation for a little over two weeks now. The policy has seen the exchange rate...


Deal: Regency Alliance And NEM Insurance Merge Ghana Units?

Deal: Regency Alliance And NEM Insurance Merge Ghana Units?

Nairametrics|Regency Alliance Insurance recently put out a notice to the Nigeria Stock Exchange (NSE) that its subsidiary in Ghana was merging with a subsidiary...


Exchange Rate Back To N470 After CBN “Pumped” $570 million Last Week

Exchange Rate Back To N470 After CBN “Pumped” $570 million Last Week

Nairametrics|The Central Bank of Nigeria (CBN) will this weekend release $350 million into the market, to meet demand for FX both by individuals and...


Why GT Bank Stopped Paypal Services

Why GT Bank Stopped Paypal Services

Nairametrics| MD of Guaranty Trust Bank, Segun Agbaje at an event on Friday gave insight as to why the bank stopped its customers from having...