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

Gtb 2012 Full Year Results: Increase Pat By 81% To N86.6Billion

  GT Bank released its 2012 audited accounts with Gross Earnings rising 21% to N221.9billion. Net Interest Income also rose 32% to N130.6billion representing an...
Nigeria Breweries Plc, Guinness, International Breweries

NB Plc leads as beer makers spend N32 billion on advertising and promotion

Nigeria Breweries Plc is outspending rival brands like Guinness and International Breweries in advertising and promotions.
Skye Bank

From Bad To Worse: S&P Says Skye Bank Could “Default” In 6 Months

The new board and management of Skye Bank Plc have been saddled with a huge task of turning the bank around following Central Bank's...

House of Reps Cuts 2015 draft oil benchmark to $52

Nigeria's House of Representatives backed a proposed $54-a-barrel benchmark oil price for the 2015 budget on Thursday, $2 higher than in a budget proposal...

Election Postponment Sends Naira Plummeting To A New Record Low

The naira opened at a record low on Monday after Nigeria delayed its presidential election by six weeks, citing security concerns due to an...

FBN Capital Asset Management Asset Losses 69% of Its Assets

FBN Capital Asset Management Asset Losses 69% of Its Asset The Asset Under Management (AUM) of FBN Capital Asset Management has fallen dramatically over the...

Aricanized!! UBA Africa Operations Contributes 23% Of Its Profits And Expect 50% By 2015!!

  Sometimes I forget the word UBA was an acronym for United Bank of Africa. UBA has about 19 branches spread across Africa and contributes...
Tech Roundup

Tech roundup: Africa’s fastest train not in Nigeria

Nairametrics’ weekly tech news roundup brings you a compilation of the major tech events and activities that made the news. 

Earnings Analysis: Fidelity Bank Plc Post 14% Increase In 2013 H1 2013 Results

Fidelity Bank Plc released its 2013 H1 results showing a 17% increase in Gross Earnings to N62.9billion for the period. Net Interest Income however...

ARM Issues “Sell Rating” For Stanbic IBTC

The research unit of ARM Pensions has placed a "sell" rating on Stanbic IBTC following the release of its 2015 FY results. The bank...

How These Three Stocks Gained Over 100% In 2016

2016 by all accounts was not a memorable year for stock market in Nigeria. In a year where Nigerians were seeking for an investment...
Value Added Tax modification order for power sector

Value Added Tax modification order to change the face of power sector

The Order is intended to provide the legal basis for a single point of VAT collection in the electricity value chain

Unilever Post N5.6B Pat, Roe Stable At A Whopping 41%

  What happens when 100% of your current assets are financed by 100% of trade liabilities? Your damn right to have negative working capital. On...

Air Buhari: List Of Countries Buhari Has Visited Since May 29, 2015 (Updated January...

Below are the list of countries President Buhari has visited since he became President in May 29, 2015. The list will be updated from...
Nigeria suffers rejection of 37,000 cashews by Vietnamese buyers

Latest: Top 10 agricultural exports from Nigeria

the total value of exported agricultural products in Q2 2018 was N85.9 billion, compared to N73.25 billion in the previous quarter of Q1 2018

NIGERIA: Exchange Rate Today (20/6/2016)

The price didn't drop as expected as the new floating regime took effect today.
China and Nigeria sign Currency Swap Deal.

Inside Nigeria’s Currency Swap with China

What took so long and what next? Nigeria first announced that it had signed a bilateral currency swap agreement with China in early April 2016....
Godwin Emefiele, CBN, Textile

CBN Announces New FX Deal For SMEs

Nairametrics| The Central Bank of Nigeria on Monday issued a press release, announcing that it would start selling forex to SME's who it claims have been...

Newly passed US bill threaten foreign direct investments into Nigeria

The US house of Reps has just passed The Foreign Investment Risk Review Modernisation Act.

Analysis: Why Nigeria’s 7% Growth Target In Industry Is Another Blah Blah Blah

The ministry of budget and planning on Monday held a consultative forum in which it shared the Plan Structure and reviewed the context of...

Back story reveals FDV paid Jumia $500k ‘plus’ for Jumia House

Nigeria’s Property & Real Estate listing platform, ToLet announced on Friday that it had acquired Jumia House, a property listing rival for an undisclosed...
IMF/World Bank spring meeting in Washington DC, IMF tells Nigeria to remove fuel subsidy, Christine Lagarde

IMF cuts global economy growth forecast; hits at strain in emerging markets

The International Monetary Fund (IMF) cut its global growth forecast in its October 2108 World Economic Outlook (WEO). The IMF dropped its growth forecast by...

Statistics of Driver’s License Processed in Nigeria For 2015

  STATE  Number of Licence processed in 2015 ABIA          36,316.00 ADAMAWA            4,961.00 AKWA-IBOM          17,623.00 ANAMBRA          49,527.00 BAUCHI            7,493.00 BAYELSA          15,056.00 BENUE            9,503.00 BORNO            8,916.00 CROSS RIVER            9,399.00 DELTA          64,482.00 EBONYI            8,684.00 EDO          23,793.00 EKITI          14,466.00 ENUGU          28,358.00 FCT        106,946.00 GOMBE          31,303.00 IMO          28,088.00 JIGAWA           ...

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...
Nigerian stocks March

Nigerian Stocks: Summary of Trading Today (27/06/2016)

All share index further dropped -2.46% as trading closed on a negative note

Berger Paints Post N192 Million Pat, Down 22%

Berger Paints has released its audited accounts for the year ended December 31st 2012, with revenues increasing year on year  to N2,513, 664,000. Operating...

Total Forecast N65.9Billion For Second Quarter 2013

Total has forecasted a N65.9billion turnover for the three months ending June 2013. They also forecasted a pre-tax profit if N2.3billion for the period....
Nigeria's GDP grows by 2.01% in Q1 2019, foreign investors

Nigeria could learn from Ray Dalio’s ‘How the Economic Machine Works’

When I read the book “Principles” by Ray Dalio, I immediately made a decision to adopt him as a virtual mentor.

Why Nigeria Should Better Not Issue Bonds In Chinese Renminbi

That's what the cost benefit analysis shows

The Dawn Of Informed Investing. Introducing NAIRAMETRICS, the Website For Retail Investors

Welcome to Nairametrics, the website for the Retail Investors seeking financial freedom. A few years ago before I started Ugometrics Blog, I realised Nigeria...


GTBank, acquisition

GTBank in acquisition talks

Chief Executive Officer of GTBank Segun Agbaje has said that the bank is making plans to expand its market base beyond its present locations.
Frus, FBI, 80 Nigerians

FRAUD: FBI releases names of 80 Nigerians

Not less than 80 Nigerians have been put in the public domain by the United States Government over fraudulent activities, the FBI termed to be one of the massive frauds that have gone down in history.
FBI, Jenna

FBI’s list of 80 Nigerians indicted for fraud : Nigerians react

Following the FBI’s release of a list containing about 80 Nigerians who were involved in a money laundering case, Nigerians have taken to social media platform, Twitter to react and express their views on the matter.