Nairametrics, Author at Nairametrics

February 14, 2015

Bloomberg report Seplat plans to defer some oil investments while expanding gas output to survive low crude prices, company Chairman...

Press Release: CBN Introduces Stricter CRR Rules for Banks

The Central Bank has released a new circular reducing the timeline for computing CRR for most banks to two weeks...

Valentines Eve Sell-Offs As Nigerian Stocks End The Week Deep In Red

Nigerian All Share Index closed trading Friday recording 5 straight day of losses. The market dropped 2.7% today as most...

Afren Tells Seplat Deal Is Over!!

Reports suggest Afren Plc has rejected another offer of extension by Seplat after the Nigerian oil and gas producer failed...

This Chart Reveals Why Naira Devaluation Is ‘Inevitable’

This CHART OF THE DAY from Bloomberg shows that the rate at which the naira trades in the interbank market...

P-A-N-I-C: Nigeria Stocks Fell The Most In The World Today

Nigerian stocks lost a whopping 2.7% today as the index closed at 27,935.77 for the first time since December 2012....

B-O-O-M: CBN Blows $1b in 12 Days Defending the Naira, Emefiele Says ‘Don’t Panic’

The Central Bank has spent an estimated $1billion in the last 12 days in its bid to defend the Naira. A...

Nigerian Breweries Post Disappointing Drop in Full Year Profits (2014)

NIGERIAN BREWERIES AUDITED RESULTS FOR THE PERIOD ENDED DECEMBER 2014 Revenue (Millions) - 2014 N268,372, 2013 N268,614, %age change (-0.8%)...

A-N-N-O-N-C-E-M-E-N-T: Latest Nigerian Bond Sales Fail To Hit Target