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

Oando: Why You Should Expect A Profitable 2016 – Rencap

Oando Energy Resources (OER) released its FY15 results, reporting a net profit for the first time in two years. We see progress in 2015...
Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case, Top 10 states in Nigeria with the highest Internet subscribers , Telecommunications: The bright spot in a fragile economy, Telcos add 5.64 million voice and data subscribers in Q3 2019 - NBS , Alleged N200bn Debt: EFCC, DSS to probe telcos, Network glitch, as poor internet speed continues to impede banking services   

Top 10 states in Nigeria with the highest Internet subscribers 

The National Bureau of Statistics (NBS) has released the report of the telecoms industry for half-year 2019. The report contains the market share of each service provider across states in the country.

CWG joins the bandwagon with a questionable profit warning

Computer Ware House Group (CWG) has issued a profit warning that it is expecting an operating loss in its full year 2015 as the...

Seplat Petroleum Plc Q3 16 – Forcados Shutdown Balloons Losses To N87 billion In...

Seplat Petroleum Development Company Plc (Seplat) published its 9M 2016 result which chiefly reflected obvious challenges from shut-ins in the Trans Forcados Pipeline (TFP)....

Watch list: The rise of Zombie Stocks

How time flies! Last September, Nairametrics ran a feature on Unity Bank, Nigeria's struggling Tier 2 banks. In the article, we had posited that...

Why Courteville’s facts behind the figure presentation makes us want to dump the stock

Courteville Business Solution Plc was on the floor of Nigerian Stock Exchange a few days ago promoting its facts behind the figure presentation. Typically,...
stock trading

Buharinomics: Nigeria Is About To Trade Places With Argentina

Argentina is on the cusp of one of the most anticipated comebacks in recent history, as the Latin American country ends a 15-year exile from...
Presidential Panel investigate Seplat and NPDC, Seplat short-change FG, Seplat Petroleum Development Company,

What Seplat could lose if its Pioneer Status is revoked

The coordinating Minister of the Economy Dr Okonjo Iweala last weekend revealed waivers and tax breaks may have caused Nigeria a whopping $20billion in...

Data: Which Company Got What In Forex Sale From CBN in October

The Central Bank Published its list of forex allocation for the month of October 2016. The data included a list of companies and individuals...

Analysis: Honeywell Flour Mills 2013 H1 Results Reflects Stiff Competition and Rising Debt Cost

Honeywell Flourmills  2013 H1 Results ↓ Honeywell Flour Nigeria Plc released its 2013 to September H1 Interim results showing revenues rose 27% from N22billion to N27.8billion YoY....
CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  , Increasing food prices might erase chances of CBN cutting interest rate   , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million  , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, CBN, Bankers Committee move to revive National Theatre with N25 billion , Nigeria’s 3.46 trillion fiscal deficit a source of concern – MPC Member , CBN says Nigerian banks assets and liabilities is now at N41.42 trillion , BVN: CBN to link 100 million banks accounts through proactive means, Foreign reserves drops $4.45 billion, edges closer to $30 billion devaluation benchmark, Payment system framework: CBN provides guidelines to address systemic risk, others, CBN retains Loan to Deposit Ratio at 65% as against increment to 70% , Federal High Court could jail Emefiele over $53 million judgment debt, CBN strongly denies establishing a poultry farm to support its monetary policies, Analysts explain when, why CBN could devalue naira by 5-10%, Banking: Surprise hike in CRR-Implications for banks, Agriculture: Suing ABP beneficiaries; A wild goose chase? , CBN lists major constraints affecting businesses, as borrowing rates projected to rise, CBN’s N287.8 billion T-bills auction records oversubscription, as rates fall marginally, CBN to give Niger Delta rice farmers single-digit loan 

Banking: Surprise hike in CRR-Implications for banks   

At the end of the first MPC meeting for the year, which was concluded on 24 January, the committee decided to hike the CRR by 5% to 27.5%.

STACO INSURANCE 2011 AUDITED RESULTS FOR 2011

Staco Insurance Plc released its 2011 Audited Accounts almost a year after year end with a Gross Premium of N6.4billion. Underwriting profits was N3.1billion...

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...
Mortgage lending

Analysis reveals Nigeria’s mortgage lending rate is about the highest in the world

One of the problems that is bedeviling Nigeria is that of housing shortage as the Mortgage lending Rate is About the Highest in the World.
Treasury Bills

Yields rise as liquidity thinned in pre-MPC trading

The bond market remained scantily traded, with yields on the benchmark bonds trending higher by c.6bps as demand interests remained relatively weak.

Why GT Bank Is A Buy

Guaranty Trust Bank (GTBank) recently held a conference call to discuss its FY15 results and 2016 outlook. We learnt: 1) a loan mix shift...

Analysis: Is This Stock A Bull In The Waiting?

Summary They were accused by the FG of being complicit in petroleum subsidy claims They only started making profits in 2011 and have posted a profit...

2017 VAT figures place value of goods supplied in Nigeria at N19.4 trillion

Data from the National Bureau of Statistics reveals that Nigeria collected a total of N972 billion in Value Added Tax for the year ended...
Konga offline

Analysis: What the future holds for the New Konga!

We’ve all read about what likely went wrong with Konga. I wrote a piece about that as well, but before then I had written...

6 Plausible Reasons Why Power Supply Has Improved This August

Information reaching Nairametrics suggests there has been a remarkable improvement in power supply across parts of Lagos State and in some parts of the...

[ANALYSIS] The Evolution of C&I Leasing

The Nigerian corporate landscape has clearly not been known for brand repositioning stories with more companies just content to grow old and die rather...

Buy, Sell or Hold: Ecobank Plc following release of 2015 Q1 Results

Ecobank Transnational Incorporated Plc. (3 months ended March 2015) Ecobank Transnational Incorporated Bank Plc (ETI) released Q1 2015 unaudited results wherein gross...
Global Monetary Commentary

Global monetary commentary – Comercio Partners

The global economy has enjoyed a steady growth since the financial crisis of 2009, however, there are concerns of a downturn amidst global trade tensions.

Here Is The Number of Mobile Subscribers (GSM) In Nigeria

NBS recently released the report for the Nigerian Telecommunication sector report for third quarter of 2016. The report shows that in September 2016, the...

Op-Ed: A one size fits all solution to IPOB and regional agitations in Nigeria...

One of the intractable challenges that Nigeria has to deal with is that we often do not properly define the scope and scale of...

Are These The Laziest Fund Managers In the World?

These guys make a ton of cash from you while sleeping.
NSE moves to protect investors’ data , Ekiti, Osun, Delta, Imo, 9 others raise over N500 billion bonds in 10 years, Equities: Foreign investors remain net sellers of Nigerian equities, Top 10 stockbroking firms traded N1.35 trillion on stocks in 2019, Equities: A bullish run to start the year, NSE to sustain growth in 2020, CEO assures

Ekiti, Osun, Delta, Imo, 9 others raise over N500 billion bonds in 10 years 

Governor Gboyega Oyetola would be engaging the capital market community on areas of support to finance projects and invest in the state tomorrow.

Analysis: Chellarams Plc, owners of KFC Franchise, needs refinancing to survive

Chellarams Plc released its financial statement for the year ended March 31st 2018.

Some grey areas in CSCS 2016 annual report.

CSCS plc, the clearing house of the Nigerian capital market recently released its annual report for the financial year ended 2016. Total income reduced...