FBN Holdings says no more long-term loans for 2015 and why it’s probably a...

FBN Holdings the parent company of First Bank Plc is embarking on a massive U-turn that will now see the company focus more on...
A case for investing in dividend stocks

These 5 stocks will be marked down for dividends this week

The following stocks will be marked down this week for dividend payments. The companies proposed dividends some month's back and are set to close...

#MoneyMasterClass: How nations rise (full excerpts)

1. Good day People, today on #MoneyMasterClass we will look at HOW ECONOMIES RISE. Using the Brazilian, Chinese and Singaporean examples   2. In the spirit of...

US includes Nigeria as only African country amongst the 20 largest economy in the...

The U.S. Department of Agriculture's latest macroeconomic projections that go out to 2030, displayed in the chart below has named Nigeria amongst the top twenty economies in the...

Why MTN’s planned acquisition of Visafone makes sense

  Bloomberg reports MTN Group is close to buying Nigerian owned Visafone Communications Ltd in a deal that essentially ends the CDMA business in Nigeria. MTN Group...

Earnings Guidance: PZ Cussons Plc signals improved Q3 performance

PZ Cussons Plc., on Thursday, said overall performance between January 28 and April 8 has been in line with expectations, adding that outlook for...

Analysis: Why FBNH is paying just 10kobo dividend and 1 for 10 bonus issue

  FBN Holdings (FBNH) released its 2014 FY results showing profits rose 17% to N82billion compared to N70.6billion a year ago. The bank however surprised many...

UAC Restaurant’s Mr Biggs post 63% drop in profits, Gala also disappoints

UACN released its 2014 results showing a 9% increase in PAT for the group. The company follwed up that release with a breakdown of...

WATCH: Nairametrics Publisher on Channels TV discussing “BULLHARI” effect on stocks

The Publisher of Nairametrics and member Nigerian Retail Investors Group was on Channels TV last Thursday discussing the effects of post election calm on the...

One major reason why the Naira gained this week at the black market

Nigerians woke up Thursday still basking in the excitement of the successful conclusion of the 2015 presidential election. Many are riding on high hopes that things will soon start...

B-O-O-M: COP acquisition drives Oando into massive losses

Oando Energy Resources, the Calgary based subsidiary of Oando Plc has released its 2014 Full year results. The company said Net revenues increased 43%...

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...

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International Breweries beer war

Beer Wars: International Breweries takes number 2 market share from Guinness Plc

Comparative data from the financial statements of three of the largest beer makers in the country suggest that Guinness Nigeria Plc has lost its place as the second-largest brewery by revenues to International Breweries.
FBI Obinwanne Okeke

FBI arrests Invictus Group’s Obinwanne Okeke, Forbes Africa 30 Under 30 list nominee

The Chief Executive Officer of Invictus Group, Obinwanne Okeke, who in 2016 made it into Forbes Africa’s 30 Under 30 List, has been arrested by the Federal Bureau of Investigation (FBI) for conspiracy to commit computer fraud. 
EFCC mounts up investigations on FIRS staff accounts over N1.2bn fraud

EFCC resumes investigation of FIRS officials over more than N1.2 billion fraud

The EFCC has resumed investigations on the members of staff of the FIRS over the N1.2bn duty tour allowance (DTA) fraud.