Recent media reports suggest the CBN is struggling to recoup the loans disbursed in 2015 from the concerned farmers under its Anchors Borrower's Programme (ABP).
International Breweries recorded a 9.7% y/y increase in Revenue to N132.4 billion in FY 2019 from N120.6 billion in FY 2018. While Revenue was up on a q/q basis (up 22.6% q/q) due to increased activities during the festive period
The stocks of Dangote Cement Plc, Zenith Bank Plc, Nestle Plc, Nigerian Breweries Plc, and Seplat Plc have made the shares of fortune list of ARM securities.
According to the PMI data for the month of January, the momentum in the level of activities cooled in both the Manufacturing and Non-manufacturing sectors.
United Capital has disclosed that the CBN may harmonize the multiple exchange rate systems currently operated in the country.
Flourmills Nigeria Plc released its 9M 2020 financial results and recorded a very much improved Q3 2020 performance.
Sterling Bank released its FY 2019 UNAUDITED report, with Gross Earnings coming in flat at N149.5bn, in line with our estimate of N149.5bn.
Fidelity Bank (Fidelity) in its recently released FY 2019 UNAUDITED numbers posted double-digit growth across key income lines.
Mr Sabo Nanono, was quoted in a news report as saying Nigeria would hopefully begin to export rice to other countries in the next two years.
Guinness Nigeria Plc released its H1 2020 financial report announcing 0.8% y/y increase in Revenue to N68.3bn in H1 2020 from N67.8bn in H1 2019.
States in Nigeria generated the total sum of N986.2 billion Internally Generated Revenue (IGR) between January and September 2019.
Stanbic recently released its FY 2019 UNAUDITED results wherein Gross Earnings grew 5% y/y growth to N233.8 billion.
NSE data on domestic and foreign investor participation for December 2019 has stated that foreign investor participation in the local bourse remained poor
The latest Household survey carried by Nairametrics Research Team showed that prices of major food items in Lagos dropped significantly.
Lagos is becoming increasingly unsafe for its citizens due to the increasing rate of robbery perpetrated mainly by robbers using motorcycles to aid quick escape from robbery scenes.
Central Bank of Nigeria's monetary policy committee has disclosed that banks have created about new N2 trillion loans in the last six months. The apex bank made this claim in its monetary policy communique.
Currently, big tech players like the UK are outsourcing AI, robotics, and other related jobs to China, where the labour is much cheaper.
At the end of the first MPC meeting for the year, which was concluded on 24 January, the committee decided to hike the CRR by 5% to 27.5%.
With losses mounting, Unilever's aggressive revenue growth is coming home to roost.
After two consecutive years of a bearish run in the equities market (2018 -17.8% and 2019 -14.6%), we begin 2020 on a positive note.
FG, after the NEC meeting, had resolved to borrow N2 trillion from the current N10 trillion pension funds.
Reports state that fuel marketers under the aegis of MOMAN and IPMAN have called on the FG through the PPPRA to raise their margins on petrol prices.
Flutterwave, an African focused fintech company disclosed that it secured US$35 million through its Series B funding round.