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...

Nigeria created 1.2million new jobs in 2014

The National Bureau of statistics (NBS) has released its 2014 Q4 jobs data confirming Nigeria created 369,485 new jobs in the last quarter of 2014...

Treasury Bills Calendar for April to June 2015

As we approach the end of a volatile First quarter for Treasury Bills, the time has come when the central bank issues a new...

Bauchi gives 8,494 farmers N1.5 billion in loans

The Bank of Agriculture (BOA) on Monday said that it had disbursed more than N1.5 billion loan to 8,494 farmers in Bauchi State from...

Why Zenith Bank’s N54.9b dividend will cost shareholders N13.3billion this year in taxes

Zenith Bank released its 2014 FY results beating estimates as earnings per share rose by 8.5% to close at N3.16. The company followed the...

Could this NSE decision affect Lafarge Africa share price this week?

The Nigerian stock exchange issued a press release on Friday saying it had removed Lafarge Africa from the list of 10,000 Unit Market Trade...

This is the ‘secret’ behind GTB’s blistering 2014 results

GTB released its 2014 FY results beating most analysts estimates and instigating a stock market rally that helped the index close 2.5% higher on...

Why Nestle Nigeria is declaring dividend in March only to pay 9 weeks later...

Nestle released its 2014 full year results posting a profit after tax of N22.2billion. The company also posted an earnings per share of N28.05....

Oops!! Nigeria’s forex reserve drops to $30b

Nigeria's foreign exchange reserves fell 9.04 percent to $30,873,757,494 ($30.87 billion) by March 4, from $33.94 billion a month earlier and $3.5billion about a...

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Nigerian Banks stocks are bleeding but these two banks are soaring

Two banking stocks, in particular, are posting double-digit growth in their stock prices this year to date.
Oluwaseun Onigbinde

BudgIT’s Onigbinde has resigned as Technical Adviser to Ministry of Budget

Seun Onigbinde's (@seunonigbinde) resignation is coming barely weeks after his appointment as Technical Adviser to the Budget Minsitry was made public.
Ex Finance Minister Zainab Ahmed, explains why VAT will rise to 7.5% next year

This thread exposed everything that’s wrong with Nigeria’s VAT

There are reasons why it may be wrong to compare VAT in Nigeria with that of other countries. Our VAT is not a proper VAT.