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

Alert: Fidelity Bank Plc Release 2016 Half Year Earnings

https://nairametrics.com/wp-includes/js/tinymce/plugins/wpembed/../../../wp-embed.js Fidelity Bank Plc released its 2016 H1 results for the period ended June 30 2016 ; See below   Fidelity Bank Plc H1 2016 Results Fidelity Bank...

Rice Imports Has Dropped By 53% As Prices Rise

Following the Central Bank of Nigeria’s decision to place rice among 41 items not valid for foreign exchange. ...

Before You Buy; Here Are Ten Things You Need To Know About Transcorp Hotels...

Transcorp Hotels Plc announced its Initial Public Offering last week. I have received a few inquiries from readers about the offer and I thought...
CBN Gov Godiwn Emefiele

Official: CBN Bans Sale Of Forex To BDCs, Here Is What It Means

The Central Bank of Nigeria called a press conference on Monday announcing that it will be stopping the sale of forex to Bureaux De...
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...

DANGOTE FLOUR MILLS 2012 H1 RESULTS

Dangote Flour Mills released its H1 unaudited results and did not surprise by posting a loss of N815m. The company has recently been acquired...

Once a pacesetter, this media company is now a shadow of itself

There was a time when every discourse about independent radio and TV broadcasting in Nigeria revolved around this company.

A Rating Agency Has Just Explained Why First Bank Could Be In Trouble

Nigeria's largest bank by market capitalization has just received a piece of bad news. Ratings Agency Standard and Poors (S&P) has downgraded the bank's...

Cadbury, Time For Change In Strategy And Management

Nairametrics|Cadbury Nigeria Plc,  released its audited Financial Statements for the year ended December 2016. An old rule of thumb on the Nigerian Stock Exchange...

Digging into GTB’s Monstrous 2017 result

Nigeria's most profitable Bank, Guaranty Trust Bank released its 2017 audited accounts showing profits rose 29% YoY to N170 billion. This is the highest...

Dangote Sugar Report Lower Earnings Despite Hiking Sugar Prices by 82%

Dangote Sugar Refinery Plc. (DSR) released its unaudited 9M 2016 result wherein revenue climbed 57.8% YoY to N115.3 billion while PBT and PAT rose...

Dollars Scarcity Bites Banks

There is great pressure within the Banks to meet customers’ foreign exchange (forex) demand amid scarcity of the dollar in the financial...

After crude, red-oil beckons

The slump in the Global oil Price has led to a sharp drop in the foreign exchange earnings of the Nigerian Government.This sector accounts...

Naira Crash: CBN Just Announced It Will No Longer Sell Dollars To This Category...

The Central Bank of Nigeria has stopped the sale of dollars to the following categories of importers at its twice-weekly regulated foreign exchange market...
Cinema in Nigeria, Nollywood movies

Nigerians spent over N600 million at the cinemas in December 2018

Nigerians may have an immense love for the cinemas, going by statistics from the Cinema Exhibitors Association of Nigeria (CEAN) website.

Number of Internet Subscribers in Nigeria

Number of internet subscribers for June 2015 - June 2016      
How would you spend your Xmas bonus?

How would you spend your Xmas bonus?

Nairametrics samples opinions from different Nigerians, and then suggests how one can spend an Xmas bonus.

Respite as Naira Regains Sharply after NNPC $350m Sale

The Nigerian naira firmed sharply on Wednesday after state-oil company NNPC sold around $350 million to lenders, helping the currency recover from a record...

One major reason why the Naira gained this week at the black market

Nigerians woke up Thursday still basking in the excitement of the successful conclusion of the 2015 presidential election. Many are riding on high hopes that things will soon start...

75% CRR: These Are The 4 Axis Of Evil Threatening The Economy And Why...

The CBN in its latest MPC meeting raised its Cash Reserve Requirements on public sector funds from 50% to an astonishing 75%!! This made...

Lafarge Wapco Declares N28.2billion PAT and Its a Whopping 90% Rise YoY!

Lafarge Wapco Plc released its 2013 FY audited results showing revenue increased 12% to N98.7billion (2012 FY: N87.9billion). Gross profit at the end of...

The Problems Of Nigeria’s Electricity Market, Summarised In One Post

Agusto, the Nigerian research and ratings company, has helped to shed some light on the challenges faced in the Nigerian electricity market by 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...
CBN Gov Godiwn Emefiele

More Cynicism As CBN Stops Daily Sale of Dollars

The Central Bank of Nigeria is at it again!! A recent article from Reuters, reveals that the Central Bank has now stopped its daily auction...

Earnings Analysis 2013 9 Months: UACN Has Sale Of Property To Its REITS To...

9 Months Results → UACN Plc released its 2013 9 Months results showing revenues rose 27% to N60.4billion (2012 9 Months: N47.5billion). Gross profit also rose...

Don’t Panic: CBN Promises To Defend Naira

  CBN Deputy Governor (Operations), Mr. Tunde Lemo, told THISDAY at the weekend that the central bank would continue to defend the naira. On Naira Depreciation...

CBN Adjusts Exchange Rate For The 7th Time Since February

Nigeria's central bank weakened its exchange rate peg slightly to N197 against the dollar on Monday from 196.50 it set last week, information on...

REVIEW: Guide to the Best Mobile Banking apps in Nigeria today

You would agree that the number of Nigerians keying in to the use of mobile banking apps keeps growing by...

Everybody In NNPC Is A Thief By @DoubleEph

You can't be working in a corrupt organisation and claim that you are one of the SCGPs
Nigeria's 2019 presidential election, Atiku vs Buhari

Whoever wins Saturday’s election has their job cut out for them

The most important presidential election in Africa in 2019 is finally about to happen. And as expected, many people are agitated.
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