BULLHARI! Investors smile to the bank as stocks post 10 straight days of gains

Investors have everything to be happy about as the market posted another strong day of gains. The Nigerian All share index made it a...

Is this why Diamond bank is sacking some of its employees?

Information reaching Nairametrics suggest Diamond Bank Plc is currently embarking on a massive downsizing of its staff. Staff from the bank are on the...

Naira gains for the second straight day on the black market

Nigeria's naira firmed more than 2 percent on the parallel market on Thursday as individuals sold dollars after a peaceful presidential poll in Africa's...
stock market

Buhari bump sends Nigerian All share index to highest one day gain ever!!

The wind of change seemed to have blown across the equities market as the NSEASI surged by 8.33%. Volume and value traded increased by...

SacOil decision to terminate OML partnership triggers $12.5m refund from Transcorp

SacOil Holdings has terminated its participation with Transnational Corporation of Nigeria (Transcorp), the operator of Nigerian Oil Prospecting Licence (OPL) 281. It paid $12.5m towards...

Results of 36 states and FCT gives General Buhari victory by 2.57million votes

The Independent National Electoral Commission (INEC) has released presidential results for 15 states and the Federal Capital territory.

Billionaires Dangote, Otedola, Tinubu are quick to visit President Elect General Buhari (Pix)

Pictures have emerged showing a trio of Nigerian billionaires visiting President Elect General M. Buhari. The picture is being widely circulated in Social media...

Analysis: Buhari set to clinch presidency as results come in

Unless something goes very wrong, all seems set for a change of leadership in Nigeria given the results of the weekend’s presidential polls which...

Fidson post whopping 308% increase in profits, dividend per share increases by 50%

Revenue Fidson Healthcare reported its 2014 FY results showing revenues rose  5% to N9.7billion compared N9.2billion in 2013. Profitability Pre-tax profits rose 249% to N870.8million compared to N249.5million...

Eterna Oil post blow out results but fail to declare dividends

The company reported revenues of N81.9billion for the year ended 2014 down 16.5% from the N98.2billion posted same period in 2013.

Unilever Nigeria post 49% drop in EPS, propose dividend

Unilever Nigeria Plc reported a revenue of N55.7billion representing a 7% drop from the N60billion reported in 2013.

Total post 17% drop in earnings but impresses with N9 dividend

Total Nigeria Plc reported a revenue of N240.6billion representing a 1% increase when compared to the N238billion reported a year earlier.

Dangote Cement reports 20% drop in profits as tax holiday unwinds

Dangote Cement reported a revenues of N391billion 1.4% higher than the N386 billion reported in 2013.

Nigeria’s military detains two Al Jazeera journalists for “loitering”

Nigeria's military has detained two Al Jazeera journalists in the northeast city of Maiduguri since Tuesday.

UBA Plc tepid rise in profits, proposed dividends of 10 kobo per share

Earnings per share rose 2.6% in 2014 and they Proposed Dividend 10 kobo per share.

Nigeria wants to borrow $2billion from World Bank & ADB to help finance 2015...

Nigeria to borrow $2bn from AfDB, W/Bank to support budget: As revenue tightens on account of soft oil prices, Nigeria has now advanced negotiations...

Skye Bank to borrow N100billion 3 months after paying over N120b for Mainstreet Bank

Skye Bank Plc, announced it will sell as much 100 billion naira ($500 million) of debt to improve its liquidity. The bank will start with...

Analysis: The coming storm – be prepared for a Winter of Discontent

Nigeria needs to start looking beyond the elections. Elections are only a part of democracy. Beyond these elections, there are a lot of issues...

Official Press Release confirming reduction in Electricity Tariff

Since January 1, 2015 when the Nigerian Electricity Regulatory Commission (NERC) approved the MYTO 2.1 we have received several complaints against the increase in...

How Jega’s ‘imminent removal’ could negatively affect Nigerian Economy

According to several onine reports, President Goodluck Jonathan has summoned the Chairman of the Independent National Electoral Commission (INEC), Professor Attahiru Jega to the...

GT Bank receives $175million to expand lending

International Finance Corp (IFC) has lent $175 million to Guaranty Trust Bank (GT Bank) which it expects to use to expand its loan book....

Did Vitafoam CEO just hint of a bad result?

Vitafoam Nigeria Plc is yet to release its 2014 FY results for the period ended September 2014. If you are wondering why, well it...

Effects of devaluation creeps in as Inflation rate jumps to 8.4%

The National Bureau of Statistics has released its February Consumer Price Index (CPI) report which measures inflation confirming inflation rose by 8.4 percent (year-on-year), 0.2...

Best and worst stocks in Nigeria last week (9-13/3/2015)

The NSE All-Share Index and Market Capitalization depreciated by 1.06% and 1.05% respectively to close on Friday at 30,719.36 and N10.251 trillion.  Similarly, all...

Lafarge Africa post 43% drop in profits, share price down 5%

Lafarge Africa released its 2014 Full year results Friday morning showing revenue was flat year on year. The company reported a Group revenue of...

Transcript of President Goodluck Jonathan’s remarks at the NSE on Thursday

This is a transcript of the President's remarks at the NSE We have the biggest Gross Domestic Product on the continent, a GDP of about...

How Nigerian stock market performed following GEJ’s visit today (12/3/2015)

The Nigerian stock market welcomed President Goodluck Jonathan on Thursday following the trend set by General Ibrahim Babangida, President Yaradua. This makes it the third...

See which African President is amongst the world’s best paid Leaders

Russia's President Vladimir Putin has recently taken a 10% pay cut on the back of the economic crisis his country is facing. The French...

Setback for AMCON as they fail to stop suit against nationalisation of BankPHB (Keystone...

THE Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have lost their bid to stop a suit filed by...

This is the ‘scary’ reason why the FG is discouraging states from borrowing

The Federal Government on Tuesday explained that it was discouraging state governments from borrowing because most of them were experiencing difficulties in servicing their...

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SCOOP: MTN workers to stay home as students reportedly picket headquarters [Update]

Staff of @MTNNG have reportedly been told to stay back at home after the company received a warning of a planned protest by Nigerian students.