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

NIGERIA: Parallel Market Exchange Rate (29/6/2016)

The Dollar gained against the Naira

Fitch Issues Press Release on Naira Devaluation and How It Affects Nigerian Banks

Fitch just issued the following Press Release regarding the devaluation of the Naira Fitch Ratings-London-27 November 2014: The Central Bank of Nigeria's (CBN) move on...

Mobil Oil Nigeria Plc 2016 H1 Results: Buy, Sell or Hold

Further NGN depreciation poses risk to outlook

Key Highlights Of Sanusi’s Recession Speech – Nigeria; In Search Of New Growth model

We cut it down from over 10,000 words to less than 2,500 words. It's the best we could do for now..

What is the most important thing we learnt from Sanusi Lamido Sanusi’s CNN interview?

The charismatic Central Bank Governor and now Emir of Kano appeared on CNN yesterday taking questions from Christiane Amanpour. She grilled him on a...

[ANALYSIS] Oando’s Loss ‘Could Be Worse’ Than Reported

Oando Plc reported its 2014 FY, 2015 Q1 and H1 results last week reporting a record loss of combined N214 billion in the periods...
CBN Gov Godiwn Emefiele

Jitters as the CBN fails to update external reserves figures in 10 days

All eyes are on the Central Bank of Nigeria (CBN) for the release of the latest foreign exchange reserve figures. The apex bank is...

A:L:E:R:T==>Economists Predict ‘Naira devaluation coming in 2015’

The Nation||The continuous decline in foreign reserves and increased spending expected during 2015 elections are likely to force the incoming Central Bank of Nigeria...

ARM Research: Dangote Cement 2014 Half Year Results

Initial Review Dangote Cement Plc. (6 months ended June 2014) Dangote Cement Plc (DCP) released financial results for 6 months ended 30th June 2014, wherein revenues rose 5.3%...

Analysis Of Nigerian Stock Market Performance Last Week (15/7/2016)

A summary of Nigerian Stocks performance for the week ended July 15 2016

Nigeria’s Historical Federal Government Revenue (From 1981)

President Buhari presented the 2017 Federal Budget with an ambitious revenue target of about N4.9 trillion. This is a 28% increase from a year...

IMF and the Naira Valuation: Hidden Intentions or Naive Estimation

Nairametrics| Last week, the International Monetary Fund (IMF) released its Article IV report on Nigeria, which essentially is the international agency’s review of key...

Earnings Analysis 2013 H1: MRS Oil Plc Pays Down Debt By 97%, Grows Revenue...

  MRS Oil Plc (MRSOIL:NL) released its 2013 H1 earnings with revenue rising 20.5% to N46billion (2012 H1: N38.2billion). Gross Profit margin however remained flat...
Nigerian stock exchange - nairametrics

Analysis Of NSE 2015 Results: Retail Investors Might Not Like This

It must feel good to be a council member or employee of the Nigerian Stock Exchange (NSE), who does nothing innovative to improve the...
Ladi Balogun - nairametrics

FCMB Gains 140% In 8 Weeks! This Could Be Why

Investing in the Nigerian economy has been a tail of woes for a lot of local investors as the country grapples with its biggest...

Nigeria’s Petrol Price Watch For July 2015

  State 15-Jul Abia 108.75 Abuja 94 Adamawa 103.5 Akwa Ibom 107.14 Anambra 105.6 Bauchi 102.17 Bayelsa 152.86 Benue 115 Borno 105.4 Cross River 118.4 Delta 99.75 Ebonyi 105 Edo 95.2 Ekiti 109.38 Enugu 115.71 Gombe 99.67 Imo 109.65 Jigawa 102.33 Kaduna 94.93 Kano 91.5 Katsina 95.2 Kebbi 111.63 Kogi 118.75 Kwara 105.29 Lagos 92.33 Nassarawa 110.57 Niger 114.57 Ogun 93.5 Ondo 103.67 Osun 109.44 Oyo 99.16 Plateau 103.13 Rivers 113.38 Sokoto 105.33 Taraba 130 Yobe 120.5
Market insight

Market/Economic Insight: The Weekly Brief (October 15th – 19th 2018)

The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up by 1.19% WTD to close at an index level of 32,841.98 and Market capitalization of N11.99trillion.
CBN Gov Godiwn Emefiele

This NBS Data is Proof that Emefiele [and Buhari] Policies Are Hurting the Economy

Nigeria’s second quarter real GDP growth fell to 2.3 percent from the 6.5 percent it recorded this time last year. This confirms that Nigeria is...
Photo by Abigail Jones on Unsplash

Data: Historical AGO (Diesel) Prices In Nigeria

Nairametrics| The National Bureau of Statistics latest Automotive Gas Oil (AGO) diesel price watch for the month of February reveals diesel price sold on an...

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...

Chart of the Day: US Crude Oil Import from Nigeria….Going, Going, G….

                                     Source: Nigerian Budget Office This is just a stark reminder of how bad Nigerian crude oil exports have performed this year. From exporting over...

Earnings Analysis 2013 H1: Ashaka Cement Hit By Rising Cost Of Sale

Ashaka Cement released its 2013 H1 results showing revenue dropped 3.7% to N11.8billion (2012 H1: N12.2billion). Gross Profit also dropped by 47% to N2.3billion...

CBN sells 1 year treasury bills at whopping 22% pa (Highest in 14 years)

The Central Bank of Nigeria has concluded its August 3rd sale of Treasury Bills borrowing about N120 billion at a whopping yield of about...

Computer Warehouse Group Post 132% Increase in PAT

Computer Warehouse Group released its first audited accounts on the website of the NSE showing revenue of N20.6billion and a 10% rise from N18.7billion...

Data Shows Most Nigerian Banks Charge 30% For Mortgage Loans

How do people afford these rates?

Three reasons why some analysts believe the Naira is overvalued

If you talk to currency dealers or foreign investors, the vibes you get is that the Naira is still very much overvalued and should...

Distribution Of Deaths Resulting From HIV/AIDS In Nigeria 2010 – 2013

  Year Male Female 2010 16449 24931 2011 8683 11309 2012 9398 16820 2013 20239 25955  

Nigeria’s Trade Deficit Perks Up On Devaluation

Nigeria’s trade deficit has improved significantly as the devaluation of the currency made exporters get more Naira for goods sold at the international markets. For...

Write Backs, Cost Cutting Boost Union Bank’s 2013 Q1 PBT To N7.7billion

Union Bank Plc released its 2013 Q1 results with Gross Earnings remaining flat at N29.8billion (2012Q1: N29.8billion). Net Interest Income was N15.3billion at the...


Application for Canadian Permanent Residency hits 27900

Applications for Canadian Permanent Residency hit 27,900 in 4 months

According to the April edition of the Canadian Immigration Newsletter, Canada has issued a total of 27,900 Invitations to Apply (ITAs) to Express Entry candidates so far in 2019. 
Canadian permanent residency

Canada invited 3,350 Express Entry Candidates to apply for PR in its April draw

Canada invited 3,350 Express Entry candidates to apply for Canadian permanent residency (PR) in a new draw held on April 17. This is contained in the country's recently released monthly newsletter.

GTBank holds 2019 AGM in Lagos to discuss important company matters

Guaranty Trust Bank Plc held its 29th  annual general meeting (AGM)  in Lagos, yesterday, to deliberated on a number of important issues.