Peter Amangbo

How Peter Amangbo became the CEO of one of Nigeria’s biggest banks

When Zenith Bank Plc recently released its third quarter 2018 financial report, Nairametrics was quick to associate it wirh Mr. Peter Amangbo.  

How to bid for this week’s Treasury Bills sale

CBN is scheduled to hold a Treasury Bills Primary Market Auction (PMA) on 15th November, 2018.

NCC approves new owner for 9mobile

The Nigerian Communications Commission (NCC) has approved the transfer of 9 mobile to new investor, Investment Holding Company, Teleology Holdings Limited. According to Reuters the...
Stocks to watch

Usual suspects top this week’s watch list

Stocks to watch this week comprises the top gainers and losers from the previous week.
Union Dicon Salt Plc

Focus on this small-cap company and its very ‘salty’ business 

The small-cap company, with its authorised share capital of N300 million, is based in Lagos where it operates at the Kirikiri Lighter Terminal Phase 2.
Nigerian Stock Exchange

Financial services sector dominates H1 2018 on the NSE

CBN H1 activity report shows N798 billion worth of shares were traded for the half year ended June 2018.
United Capital Plc

Corporate Actions: A second coming and pardons granted

Corporate actions are decisions taken by companies’ boards of directors or management teams.
Tara Fela Durotoye

Tara Fela Durotoye, selling the dreams of beauty to the world 

Several years ago, the makeup industry in the country was virtually non-existent, or at least not at the level of sophistication witnessed in recent times

This conglomerate recovered from a 5 year low this week

The Nigerian Stock Exchange ended the week on a positive note as the All-Share Index appreciated by 0.23% to close at 32,200.21 basis points. Year...
Gbenga Adebayo; Chairman of the Association of Licensed Telecoms Companies of Nigeria  (ALTON)

NCC’s restriction on VAS is endangering Telcos – ALTON

ALTON chairman give an outlook for the industry in 2019, and challenges telecommunication firms face in Nigeria.
Nigerian stocks, Buy Sell Hold

Buy/Sell/Hold: Why you should HOLD FBN Holdings stocks

Stocks on our Buy/Sell/Hold list are drawn from the top losers and gainers of the prior week.
Dangote

Dangote Cement may acquire Kenyan cement company

Dangote Cement has been approached about a potential transaction by advisers to debt-laden Kenyan Cement company.
MTN

How MTN Nigeria’s troubles could affect South Africa’s financial system

The South African Reserve Bank (SARB) claimed that the dispute between the Nigerian and MTN could destabilise the country's financial system.
NSE fines

These were the best performing stocks in October

October was a bearish month on the Nigerian Stock Exchange as the All Share Index closed down 0.75%.
Dangote group

Apapa gridlock may cost Dangote Group over N15 billion this year

Companies operating under the Dangote Group may lose over N15 billion as profit foregone.

Fewer nuts to crack this year for Presco

The company’s activities include the cultivation of oil palm as well as the extraction
Money hawkers, Naira hawkers

The “illegal” business that thrives at Nigerian Owambes

Nigerians are hardworking people who also create time to unwind; this they do by hanging out with friends and families at joints after work.
FGN Bonds

What you get if you buy this month’s FGN Savings Bond 

The Debt Management Office (DMO) has released details for the November 2018 FGN Savings Bond offer.
Tomi Somefun

Meet Tomi Somefun, the woman in charge of Unity Bank Plc 

As is the case all over the world, there are few women heading top executive positions in Nigeria’s corporate space.
Business, Corporate News Roundup

Corporate News Roundup: New Pioneer Industries revealed

Corporate News roundup is a weekly roundup of corporate news and action that took place the previous.
UAC, United Africa Company of Nigeria Plc

UACN slides to new 5 year low

UACN Plc fell to a new 5 year low of N9 at the end of Friday’s trading session.
Global Spectrum Energy Services Plc

FOCUS: Could this little-known oil service firm be the next big deal?

Many Nigerian oil companies and service firms have reported good results this year.
United Capital Plc

Corporate Actions: All eyes on a Diamond

Corporate actions are decisions taken by companies’ boards of directors, or management teams.
HSBC

Two global banks close offices in Nigeria as foreign investment falls

Global banking giants, HSBC Bank and UBS Group have closed their offices in Nigeria.
Purchasing Managers' Index, Manufacturing sector - biscuit industry

PMI remains positive for 19 consecutive months

CBN said the country's PMI continued to grow for the nineteenth consecutive month in October.

Buy/Sell/Hold: Why Total Nigeria is a HOLD

Stocks on our Buy/Sell/Hold list are drawn from the top gainers and losers of the prior week.
PENCOM

Nigerian Pension Funds Continue to Gather Positive performance, though in Trickles

Nigerian retirement savings accounts are still managing to add value to pension contributors.

Two key factors behind the poor Dangote Sugar Q3 2018 results

Dangote Sugar refinery Plc has attributed the company’s poor results to smuggling.
Xi Jinping and Buhari

Nigerian assets that may be taken over by China

In the past three years, Nigeria has gotten over $5 billion loan from the People’s Republic of China.
Malt drinks in Nigeria

Nigerian brewers continue to battle for supremacy in the Malt market

In Nigeria, malt drinks account for a segment of the total carbonate volumes consumed in the country.
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