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Forte Oil Plc, Femi Otedola, Forte Oil to change name, Olumide Adeosun

Quick Take: Forte Oil Plc’s Profit After Tax grows by 13.7% in Q1 2019

Petroleum company, Forte Oil Plc, have released its financial statement for Q1 period ended March 31st. Here are the key highlights of the result
Access Bank and Union Bank, Securities and Exchange Commission Nigeria, SEC might nullify Access Bank and Diamond Bank merger, Access Bank and Diamond Bank, Access Bank to acquire Kenyan bank seven months after merger with Diamond Bank 

Access Bank recover N14 billion in bad loans after merger with Diamond Bank

Access Bank recover N14 billion in bad loans after merger with Diamond Bank
Zenith Bank GMD Ebenezer Onyeagwu, Central Bank of Nigeria, CBN's loan-to-deposit ratio policy, Nigerian Stock Exchange NSE stocks, Banks in Nigeria, Deposit Money Banks in Nigeria, Zenith Bank collaborates with fintechs, but insists it is not scared to compete with them

Analysis: Zenith Bank, cheap and cheerful 

At N17.15 the stock is off its one-year low of N16 and still at one of its lowest share prices since 2017.
Nigeria’s business environment; Survival of the fittest, Reps move to block leakage of N600 billion revenue monthly at Apapa, Tin Can port 

Ghana becomes Nigeria’s biggest trade partner after border closure

The latest foreign trade report shows some interesting numbers, as Ghana tops Nigeria’s export destinations for the first time in the third quarter of 2019. Ghana imported N908.5 billion worth of goods from Nigeria
A cross section of shareholders at GT Bank's AGM.

How a judgement debt could affect GT Bank shares and your deposits.

On Thursday, Innoson Ltd tweeted that the Supreme Court of Nigeria struck off the ‘motion for stay’ filed by Guaranty Trust Bank (GTB) while...

Bottom Line: Sheraton Hotel Abuja, Too much cash no value

Ever heard of Capital Hotels Plc? Well, they own Abuja Sheraton Hotels. Capital Hotels is in turn owned by Ikeja Hotels Plc, the owners...
Development Policies

OPINION: Development policies should focus on producers, not consumers

The strongest voices on Africa's development economy are often in favour of policies intended to prioritize low consumer prices and view development policies with suspicion.
Airtel's Listing

OPINION: It’s time to bring back Margin Lending 

OPINION: It’s time to bring back Margin Lending 
Breaking News, Godwin Emefiele, Senate confirms Emefiele's re-appointment for second term

BIG TROUBLE: CBN’s N650 billion ‘crisis’ explained

Last week, the Central Bank of Nigeria scrambled to respond to a leaked tape that alleged a huge fraud had occurred at the apex...
ABC Orjiako

Opinion: AMCON, Shebah Bank Debt Saga – ABC Orjiako’s Involvement by ThankGod Oghenenyore

Last week, there was a court ruling against Dr. ABC Orjiako and his companies — Shebah Exploration & Production Company Limited and Allenne Limited.
Why Airtel's IPO is not for you.

Analysis: Airtel is winning the data war

Through aggressive and appealing advertising, it reported that “during the period, 4G data usage increased by almost 20 times.” Airtel’s Data revenue now accounts for 31% of Airtel Nigeria revenue, compared to 22% in the prior year.
Why MTN share price may have peaked

Why MTN share price may have peaked

MTN Nigeria listed on the Nigerian Stock Exchange on the 16th of May 2019 immediately making it one of the hottest stock in the...

Analysis: Why the stock market is rallying in November

Most analysts report read by Nairametrics suggest the recent rally is a combination of several factors which if sustained could prolong the rally.
Photo by James Sutton on Unsplash

Bottom Line: Honeywell smells really good but….

Two years ago, Honeywell was facing a financial crisis, the type it had not faced in recent times. It reported a loss of N3...
London Stock Exchange- Ecobank Transnatonal

Analysis: Ecobank, the good, the bad and the ugly 

Ecobank Nigeria is failing investors and time is running out.
fintechs, commercial banks, Events in FinTech industry in 2019, Nigeria's fintech industry 2020: The growth frontier of the new decade

CBN OMO Blues: Your FinTech saving app could suffer bigly

The latest CBN restriction on OMO bills could negatively affect FinTech apps
Analysis: FCMB is running out of time

Analysis: FCMB is running out of time

Despite some of the transformations currently being recorded in the bank, success and consistency seem to be eluding it.
Finance Minister, President Muhammadu Buhari, AFCTA

5 things Buhari’s new Finance Minister must do within 100 days

5 things @MBuhari's new Finance Minister @ZShamsuna must do within 100 days
What UACN decision to un-bundle UPDC means for its shareholders

What UACN decision to un-bundle UPDC means for its shareholders

How do you explain going from revenue of N11.7 billion per annum to N2.3 billion in 5 years? In fact, try explaining going from a profit of N3.5 billion to an astonishing loss of N10.9 billion. This, unfortunately, has been the story of UPDC Plc.
International Breweries announces changes in management 

International Breweries end 2019 as worst performing stock.

International Breweries has ended 2019 with the unenviable record as the worst-performing stock of the year. 
Nigerian Millennials

Nigerian Millennials have figured where to invest their money

This why Nigerian Millennials will rather invest in cryptocurrency and ponzi scheme.
Wapic to raise N15 billion share capital ahead of NAICOM's deadline

Analysis: WAPIC is running out of time

In its latest results, Return on Average Equity was a paltry 6% (8% annualized), significantly poor when you consider the company’s potentials.
Photo by Ahmed Ashhaadh on Unsplash

Bottom Line: C&I Leasing is in bed with debt

C&I Leasing: Whenever a company reports profits backed by strong operating cash flows it excites my senses. In a world where profits and cash...
PZ Cussons Nigeria Plc Full-year 2019. PZ Cussons’ revenue declines by 0.55%  

PZ Cussons and its sticky pattern of losses

There is a familiar pattern that has reared its head every first quarter, since at least 2016 at PZ Cussons and it’s getting us puzzled

Why Eko Hospital wrote off nearly N1 billion

Ekocorp Plc, the owners of the embattled Eko Hospital recently released its financial statements for the year ended December 2017. Turnover increased slightly from...
United Capital, a Treasure in the Mire, United Capital Plc announces close period ahead of Q3 2019 results, United Capital Plc announces dividend payment for the financial year ended December 2019 , United Capital: The good and the bad

United Capital share price has crashed by 35% since June 2018

United Capital share price has crashed by 35%

Words on the street suggest the stock market is in a dangerous corner

The Nigerian stock market has reversed all the gains it made earlier this year. Currently, the market has turned negative and it appears this...

These stocks have posted returns higher than their sector GDP growth rate

Key Highlights Real Quarterly GDP Growth - 1.95% Quarter- on- quarter Reduction - (0.16) Aggregate...
Nigerian stocks

Alert: These banks gained big during the week

Access Bank shares hit N7 on September 12 for the first time since May but it took it another 6 weeks to get past N8.
Caverton Group financial report, Nigerian Stock Exchange financials

Caverton Helicopters is in for good times, but…

Last month, Caverton Offshore Support Plc unveiled eleven newly acquired helicopters, and by so doing, increased its total fleet to seventeen. This move is...