POSTS BY: UGO OBI-CHUKWU

Ugo Obi-chukwu https://nairametrics.com

Ugo Obi-chukwu "Ugodre" is a chartered accountant with over 16 years experience in financial management, corporate finance and financial analysis. He is also a retail investor and a personal finance advocate with over a decade experience investing in the Nigerian stock market. Ugo is the founder of Nairametrics and blogs regularly on the website.

7 ‘unexpected’ lessons learnt from the CBN FX Windows

7 ‘unexpected’ lessons learnt from the CBN FX Windows

Back in February 2017, the Central Bank of Nigeria opened a window that allowed retail buyers access forex for invisible transactions, at N366. To...


Article version of company news thread for the week ended May 27 2017 by @Ugodre

Article version of company news thread for the week ended May 27 2017 by @Ugodre

This is Nairametrics roundup of all the major company news from Nigeria as reported by Nigerian Newspapers and other electronic news sources. This roundup...


How to obtain an Income Tax Clearance Certificate for your company

How to obtain an Income Tax Clearance Certificate for your company

In this article I am going to take you through a practical way of obtaining a tax clearance certificate from the Federal Inland Revenue...



How to invest in treasury bills even if you don’t have N50 million

How to invest in treasury bills even if you don’t have N50 million

Nairametrics| The Federal Government in March increased the minimum amount required to partake in its biweekly treasury bills auction from N10,000 to N50 million....


Analysis: About Unilever’s Plan To Sell Its “Spreads” Business

Analysis: About Unilever’s Plan To Sell Its “Spreads” Business

Nairametrics| Unilever Group, the parent company of Unilever Nigeria Plc, announced that it will be divesting from its spreads business. The company also revealed...


CBN’s Issues Form Q For SME’s; What You Need To Know

CBN’s Issues Form Q For SME’s; What You Need To Know

Nairametrics| The Central Bank of Nigeria last week announced that it had created a new window for SME’s to access forex. SME will now...


Flashback: Emefiele’s 2015 FT Interview (Banks Still Full of Dollars)

Flashback: Emefiele’s 2015 FT Interview (Banks Still Full of Dollars)

Nairametrics| In 2015, Central Bank Governor, Godwin Emefiele had an interview with the Financial Times. This was at the height of his FX policies which...


Official: Here Is How Much You Can Make For Whistle-blowing 

Official: Here Is How Much You Can Make For Whistle-blowing 

Nairametrics| The Federal Government’s Whistle-blowing policy has been mired in some controversy lately, after news emerged that some whistle-blowers have been victimized. To allay...


Government Mandates Businesses In Nigeria To Provide Info on Directors & Biz Address

Check out @AsoRock’s Tweet:...


Weekly Roundup of Business & Economic News From Nigeria (March 25, 2017)

Weekly Roundup of Business & Economic News From Nigeria (March 25, 2017)

Welcome to Nairametrics Economic and Business Review, our weekly summary of some of the most important Nigerian economic and business news. March 25, 2017...


CBN Admits Banks Need Help

CBN Admits Banks Need Help

I do not like to sound alarmist but some Nigerian banks are particularly not in a state of good health. A recent report by...


Why Black Market Is Not Going Away Even If We Float

Why Black Market Is Not Going Away Even If We Float

Nairametrics| As at Friday, the 17th of March 2017, the exchange rate at the black market was about N455/$1 compared to the official CBN rate of...


The Latest Drop In Inflation Rate Could Be A Blip?

The Latest Drop In Inflation Rate Could Be A Blip?

Nairametrics| The National Bureau of Statistics released its 2016 February consumer price index confirming inflation rate for the month of February was 17.78%. This was...


Why GDP Growth Rate Drops Every Election Year In Nigeria

Why GDP Growth Rate Drops Every Election Year In Nigeria

Nairametrics| The Federal Government released its 2017 National Economic Recovery Growth Plan (a Medium-Term Plan for 2017 – 2020), which was developed for restoring...


Big Plans: Key Highlights Of The FG’s Ambitious ERGP

Big Plans: Key Highlights Of The FG’s Ambitious ERGP

Nairametrics| The Federal Government will grow the contribution of tax to GDP from 6% to 15% under the new Economic Recovery and Growth Plan...


Here is The Press Statement Giving Vehicle Owners One Month to Pay Customs Duties 

Here is The Press Statement Giving Vehicle Owners One Month to Pay Customs Duties 

Nairametrics| The Nigerian Government is at it again, this time it’s the Customs Service. The Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed...


Zenith Bank Shares Tank After Earnings Call “Blunder” 

Zenith Bank Shares Tank After Earnings Call “Blunder” 

Nairametrics| Shares of Zenith Bank Plc took a major pounding after releasing impressive 2016 FY results. The bank had reported an impressive profit after...


Is United Capital Experiencing A Bear Trap?

Is United Capital Experiencing A Bear Trap?

  Nairametrics| United Capital’s share price dropped for the 4th straight day as investors continued taking profits ahead of the company’s marked down date...


Nigerian Students Have A Message For Xenophobic South Africans 

Nigerian Students Have A Message For Xenophobic South Africans 

Nairametrics| Comrade Chinonso Obasi, National President of Nigerian Association of Nigerian Students, NANS, issued a statement Wednesday night condemning  all forms of discrimination on...


Nigeria Is Going For Another $500m Eurobond

Nigeria Is Going For Another $500m Eurobond

No time to...


The Govt. Has Approved 60 day National Action Plan for Ease of Doing Business In Nigeria 

The Nigerian Government has approved a 60-day national action plan to help ease doing business Nigeria. The Council approved a national action plan to...


Why we don’t need IMF Loans –  Adeosun

Why we don’t need IMF Loans –  Adeosun

Minister of Finance Kemi Adeosun confirmed on CNBC on Tuesday that Nigeria does not need a loan from the International Monetary Fund (IMF). Here...


CBN sells $6m to banks @N304.75

The Central Bank of Nigeria sold about $6 million to commercial banks on Tuesday, according to information from Reuters.  This comes a day after...


Buy Sell or Hold? These 4 Heavy Weight Bank Stocks!

Buy Sell or Hold? These 4 Heavy Weight Bank Stocks!

Nairametrics| The Nigerian Banking Index is currently up 0.42% year to date compared to the wider All Share Index which is down 6.36% year to date....


Why I’m Excited About Diamond Bank’s Mobile App Strategy 

Looks like the mobile strategy is...


Nigeria’s Forex Reserves Hit $29 billion; Highest Since Dec 2015

Data from the CBN’s website shows Nigeria’s foreign exchange reserves is now $29 billion,  the highest it has been since December 2015. The CBN...


Nigeria’s $1bn Eurobond begins trading on the London Stock Exchange

Nigeria’s $1bn Eurobond begins trading on the London Stock Exchange

Nigeria’s $1 billion 15-year Eurobond started trading on the London Stock Exchange yesterday. The Offer which was nearly eight times oversubscribed, with $7.7bn in...


Nigeria Breweries Warns 2017 Will Be “Tough” Despite Raising Prices Thrice In 2016

Nigeria Breweries raised beer prices three time last year as confirmed by the company’s sales director Mr Herbert Eze. He confirmed this while speaking...


FEC Calls For “Urgent” Review Of Nigeria’s Forex Policy 

The Central Bank Governor is under pressure not just from you and I but also from some people in Governor. At Thursday’s Federal Executive...


Nigeria Increases SWF By $250m

The Federal Government today announced that it has increased the amount in Nigeria’s Sovereign Wealth Fund by $250m. The government has now contributed $500m...