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

2014 H1 Analysis: Forte Oil Delivered A Great Result But Is The Share Price...

Forte Oil (Bloomberg Ticker - FO:NL) is one of the major downstream petroleum companies listed on the Nigerian Stock Exchange. It recently announced its...
Fintech

Banks Vs Fintechs – Who should be Afraid? (Part Two)

A New Type of Disruptor There are two categories of companies that don’t get enough attention and they aren’t the typical disruptors you think about...

Scarcity Of Dollars Hits Parallel Market As CBN Unleashes SSS On BDCs

In another twist in the drama called Nigerian flexible exchange rate market, parallel market operators offered to buy dollars from willing sellers at prices...

Who Is Buying? Bureau de Change Consume $1billion Weekly

According to the Nation report; Bureau de Change operators consume on the average, over $1billion in foreign exchange transactions per week and close to $4.2billion...

Analysis (Based on Latest Results): Why PZ Cussons Is a Sell

PZ Cussons Nigeria Plc. (6 months ended November 2014) PZ Cussons Nigeria Plc (PZ) reported 2.5% YoY contraction in revenues to N31.7 billion for...

Bulls or Bears? These Charts Explain What Could Happen To Nigerian Stocks Next Week

Clearly the Market is under significant short term pressure right now as it once again failed to make any head way from previous Bull rallies...

DANGOTE VS DANGOTE==> HIS COMPANIES SHARE PRICES ON A DAY HE IS NAMED 43rd...

It is no longer news that Forbes today (March 5, 2013) announced Dangote as worlds 43rd richest man and the richest man in Africa....

Russian Example Reveals What Could Happen To The Naira If We Float

  By this time last year, the Russian currency was in a tailspin. Its foreign reserves dropped by a massive 26% from $510 billion in...

CBN Strengthens Forex, Pegs 196.98 To A Dollar

The Central Bank of Nigeria strengthened its exchange rate peg slightly to 196.98 naira against the dollar on the interbank...

How Foreign Investors Might Interpret Buhari’s Latest Devaluation Gaffe

President Buhari is probably better left alone especially when it comes to questions relating to the economy. He was speaking at a breaking of the...

Why The Naira Gained Today At The Interbank

The naira closed higher at the interbank market today gaining 0.66% to close at N178.7 compared to its close of N179.9 on Friday. These...

Latest Online Jobs Reports From Nigeria Show Conflicting Numbers

Why is The Recent Online Recruitment Data Not Consistent With the Economic and Unemployment Data? Every year over a million fresh graduates join the Nigerian...
New Minimum Wage

Executive order 6: How FG plans to implement VOARS

The Federal Government of Nigeria (FGN), on 8 October 2018 (Effective Date), issued Executive Order 008 (Order), backing the implementation of the Voluntary Offshore Assets Regularisation Scheme (VOARS or the Scheme).

[Like Magic] Forte Oil’s Share Price Floats to a New Year High….But is This...

There are several reasons why you should invest in the Nigerian Stock Exchange and there are several reasons why you probably should not. The...
Governor Akinwunmi Ambode

Lagos leads States IGR with N168 billion generated in 9M 2017

The National Bureau of Statistics (NBS) today released its report on the Internally Generated Revenue (IGR) for the third quarter ended September 2017. A...

Is Transcorp Hotels IPO Timeline Too Short?

Transcorp Hotels announced its board has approved its IPO scheduled to commence September 24th and to end after just one week. This from my...

Nigeria: Daily Official Exchange Rate Tracker (Updated 16/9/2016)

Official exchange rate of the Naira and three major world currencies.

Diamond Bank Post N22Billion Pat…But Needs Help

  Sometime in early 2011 I found myself in the middle of an argument between two friends. The argument was about local Nigerian banks preferring...

Did MTN just drop hint of an impending IPO in Nigeria?

MTN Nigeria’s planned listing on the Nigerian Stock Exchange (NSE)may open a new chapter in the Nigerian capital market. Nigeria and Africa’s largest GSM...

NIGERIA: Parallel Market Exchange Rate (30/6/2016)

The Naira gained against the dollar

Guess How Much Multichoice Made Last Financial Year?

Multichoice, the owners of Dstv, Supersports and majority shareholders of Multichoice Nigeria are a dominant force in the operation of pay-television and internet subscriber platforms...

Unilever has revealed details of its rights issue, so we did a quick take...

Unilever Nigeria Plc finally released details of its N58.8 billion rights issue on Wednesday, June 28. 2017. The company is offering 1.96 billion shares...

The Problem of Free Petrol in Nigeria by Mannasseh Egedegbe

That’s right. You can actually get free petrol in Nigeria if you are lucky enough to be at a fuel station that is selling...

BOOM: Foreign Investments Into Nigeria Drops 46.86% In 2016, Biggest Drop Since 2007

Latest data from the National Bureau of Statistics shows Nigeria's capital importation dropped by a whopping 46.8% to N$5.1 billion on a year on...
GTBank MD, Segun Agbaje

How Nigerian Banks rank in terms of deposits, balance sheet size, ROE etc.

Nigerian banks have been chastised lately for relying mostly on government securities for most of their impressive earnings. This follows the 2017 9 M...

Will Champion Breweries hit N14 again?

Champions Breweries has made a fortune for some investors in the past one year having risen from N2.7 in July 2014 to about N15 by...

Bubble Season: Naira Depreciates, Nigerian Bond Yields Rise, As Foreign Investors Pull Out Cash.

Yields on Nigeria's 10-year bonds have increased by about three per cent in the past two weeks as investors sell-off their securities in anticipation...

Why The Odds Are Against The New Owners Of Keystone Bank

Nairametrics| Keystone Bank’s new owners Sigma Gulf-Riverbank consortium at the weekend took over the bank from the Asset Management Company of Nigeria (AMCON). They...

Analysis: 10 Things You Need To Know About Transcorp 2013 Result

Looking at Transcorp's annual report for 2013 reveals how far the company has come since its takeover by Tony Elumelu and his Heirs Holding...

Popular

Uzoma Dozie

Podcast: Uzoma Dozie reveals his next project after Diamond Bank/Access Bank merger

@Nairametrics' @Rotankwot spoke with @Uzoma_Diamond, GMD and CEO of former Diamond bank (@access_more), at the launch of the PwC Experience centre about his future endevours.
Forte Oil Plc

What next for Forte Oil Plc following Prudent Energy’s takeover?

Femi Otedola's exit from the @forteoilng means Prudent Energy the new key shareholder will have to make several key decisions.
Femi Otedola, #10YearsChallenge

Otedola completes sale of Forte Oil, pivots fully to power generation

The share price of Forte Oil Plc opened at N32.30 per share at the Nigerian Stock Exchange yesterday up from its last week opening price of N25.75, signalling a 24.44% rise in value barely one week after the Exchange endorsed the transfer of the 75% majority equity stake in the company from its Chairman, Femi Otedola, to Prudent Energy and Services Limited in a share purchase deal.