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Analysis of companies, stocks, investments, products and services, economy, budgets, business decisions in the Nigerian economic space.

Press Release: CBN Fires Back At Critics ‘Creating Panic In The System’

The Central Bank of Nigeria (CBN) has issued a press release directed at critics who it perceives are miss-informing Nigerians "with the intention of...

Interbank Lending Rates Hits 200% As Banks Borrow From Each Other To Buy Forex

Nairametrics| Nigerian Banks are on a buying spree and they are borrowing at record rates to do so.  According to a Reuters article, Nigeria's...

Why This South African Company Sold Its Stake in EcoBank

South African owned Insurance Giant Old Mutual has sold its stake in Nigerian-listed Ecobank Transnational Ltd. to close its Fund III according to reports...

7 funding options available to Etisalat to avoid going bust

Etisalat UAE, the largest shareholder in Nigeria's third largest GSM Network, Etisalat Nigeria, may have discretely agreed to pull out of Nigeria. This was mainly...

Chart: Nigeria’s Debt Service To Revenue Ratio Averages 40% Since Buhari Took Over

The Federal Government recently submitted a $30billion debt proposal that was immediately rejected by the National Assembly for "lack of details". The government has been...

Exchange rate woes drags PZ Cusson into a 54% profitability drop

PZ Cussons Plc have been hard hit by a foreign exchange loss, fuelled by a weakening of the naira by the Central Bank of...

[Spying YOU] CBN Instructs BDC’s To Report Your Forex Deals Using BVN

The Central Bank released a circular Thursday instructing Bureau De Change (BDC's) that from August 1 2015, all transactions consummated...

Naira Records Worst Week In History

The naira closed at a record closing low of 190.60 to the dollar on Friday, despite the central bank intervening for a fifth day...

CBN Ban On Sales Of Forex Just Crashed The Naira TO $1/N300

The consequences of the Central Bank of Nigeria (CBN) ban on the sales of forex to Bureaux De Change (BDC) operators, seemed to have no...

Nigerian Stock Exchange Rejigs NSE 30, NSE 50 Indexes. OANDO Now An NSE 30...

  The Nigerian Stock Exchange (NSE) last week reviewed The NSE 30, NSE 50 and the five sectoral indices with new entrants. The five sectorial indicators are: NSE Banking, NSE Consumer Goods, the NSE...

Official Stock Market Report For Week Ended May 24 2013

For those who may have missed out on news on the stock market for the week, below is the official news bulletin of the...

CBN Issues New Circular Explaining How You Can Now Buy BTA, PTA and How...

The Central Bank of Nigeria released a circular Wednesday confirming its support for the decision by deposit banks to stop...
bank FALL

Wema Bank’s deposit slide: A cause for alarm?

Wema Bank recently released it Half Year 2015 numbers which were in all respects ugly. The lender reported profit for the period which were down...

Update: CBN did not reverse ban on 41 items (mix-up explained)

Nairametrics| The Central Bank of Nigeria has issued a press release clarifying interpretations  that it had reversed the ban on 41 items. Nairametrics had...

Analysis: Are Nigerians spending less on Beer?

The Nigerian beer market is showing signs of a slow-down, according to recent results from the country’s major brewers. Anecdotal evidence suggests that the...

Why ‪#‎BuyNaijaToGrowTheNaira Is Flawed And How To Fix It – A Layman’s Approach

Read why the campaign, made popular by Senator Ben Murray Bruce is faulty in this article written by Tunde Mo Aguda. So it eventually took...

Analysis: Is UBA N4 Rights Issue Really Trading At a Discount?

"Shareholders Get UBA’s Rights Issue at 7.4% Discount" By the way that was a headline from a Thisday article suggesting the current UBA Rights Issue...

Why Seven-Up Nigeria is going private by @Ugodre

Seven-Up Nigeria is going private if things go according to plan The company signaled its intention after it...

Summary Of Company Results Released For The Week Ended July 19, 2013

  AUDITED ACCOUNT NCR (NIGERIA) PLC: 2012 AUDITED FINANCIAL STATEMENTS: Turnover/Revenue N6, 463,898,000 Profit before Tax (N1, 148,910,000) Taxation N83, 734,000 Profit after Tax (N1, 065,176,000). OASIS...

Seplat’s N67 billion tax credit explained

Seplat recently declared blistering profits of N81.1 billion for the year ended December 2017. About N67.6 billion of this profit was from tax credits...

Nigeria’s Petrol Price Watch For November 2015

  State Label  PMS Price Abia  146.59 Abuja  102.75 Adamawa  103.5 Akwa Ibom  187.5 Anambra  131.13 Bauchi  91.33 Bayelsa  130 Benue  138.57 Borno  123.56 Cross River  140.4 Delta  92.2 Ebonyi  128.14 Edo  106.78 Ekiti  97.41 Enugu  123.13 Gombe  113.14 Imo  126.3 Jigawa  127.07 Kaduna  112.36 Kano  93.63 Katsina  91.5 Kebbi  114.14 Kogi  107.22 Kwara  113.33 Lagos  103.84 Nassarawa  105.4 Niger  104.89 Ogun  91.33 Ondo  101.65 Osun  102.19 Oyo  106.68 Plateau  123.5 Rivers  139.57 Sokoto  104.29 Taraba  114.57 Yobe  123.73 Zamfara  104.78

How CBN’s New Window Fared On Its Debut?

Nairametrics| After its announcement last week Friday of a new window dedicated to for trading dollars with investors and exporters, the Central Bank of...

Nestle Fails To Hit N1,000 Per Share, Ends The Month At N888

Nestle Nigeria Plc closed the month of February at N888, thus failing to attain the N1000 price for a stock many thought will be...

These Theories Could Explain Why Skye Bank Shares Keep Gaining

Retail Investors who reached out to Nairametrics on Monday were surprised to see Skye Bank's stock gain a whopping 10% and top the gainers...

NIGERIA: Parallel Market Exchange Rate (04/07/2016)

The Naira gained against the dollar.

The Economics of award shows.

Awards today, are a worldwide phenomenon. If an alien were to look at the social life of people here on earth, it would be...

Nigeria’s top 11 banks according to CRR deposited with CBN in the past 1...

How much of your fund is stashed with the CBN?

Why Nigeria’s FX Market Shut Down Today (11/2/2015)

Nigerian dealers pulled the plug on electronic trading in the naira currency on Wednesday after it slid past the key level of 200 to...

FBN, Skye & Diamond Bank : How Low Can They Go?

Four months into the New Year, 3 of the 5 Nigerian Banks that issued profit warnings for Full Year 2015 have yet to report...

The Biggest Winners And Losers From CBN’s New Forex Policy

A policy walking on thin ropes
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