Corporate Actions

CORPORATE ACTIONS: Rocky Results and Markdowns

@lawunionrock was the only firm that released its results on the @nsecontact last week
Stock to watch this week, Airtel Africa

Oando tops watchlist for the second week running

@oando_plc maintains the top spot on @nairametrics watchlist for the second week running.
Stock to watch this week, Airtel Africa

Presco and International Breweries make this week’s watchlist

Japaul Oil and Maritime tops this week's stocks to watch on the @nsecontact having gained 39.29% last week.
Corporate Actions

CORPORATE ACTIONS: Baba Ijebu Moves and Billions in a pocket

While Femi Otedola's exit from @forteoilng was major news last week, @oando_plc vs @secnigeria court case resumes next week

Universal Music Group to launch “strategic division” in Nigeria, signs Tekno, Mr Eazi

Universal Music Group has announced that it will be launching a Nigerian division as part of its expansion efforts. 

First Bank tops as FUGAZ rakes in N68.1 billion in E-Business Income for 2017

Nigeria’s 5 biggest banks First Bank, UBA, GT Bank, Access Bank and Zenith Bank (collectively known as FUGAZ) made a total of N68.1 billion...
Oando Plc, Eni, Fraud, SEC

Oando Plc expresses interest to join Wale Tinubu in suit against SEC

Oando Plc has, through its lawyer indicated interest to join in the suit filed by its Group Chief Executive Officer against SEC.
CBN, MPC, Credit risk, LDR, Central Bank of Nigeria

Market Players Place Bullish Bets on FGN Bonds Ahead of MPC

This is the summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bond.
mutual funds

These are the fastest growing Mutual Funds in Nigeria in Q2 2018

Earlier in the year, mutual fund assets crossed the half trillion Naira mark.
FG New Minimum Wage, Egypt megaproject, German Chancellor Angela Merkel, President Buhari and Angela Merkel meeting, President Buhari to sign deal with Siemens, Siemens

Why President Buhari signed the Nigerian Financial Intelligence Unit Bill

President Muhammadu Buhari has appended his signature to the NFIU Bill.
Standing Deposit Facility, 12 states

Nigerians project Inflation and Unemployment Rates to worsen in 2019

Nigerians have expressed their belief that they expect inflation and unemployment rates to rise in the next 12 months.
What you should know before investing in Cryptocurrency

What you should know before investing in Cryptocurrency

Buying and selling cryptocurrency is one of the more recent financial instruments people are using to diversify their investments, and there is very little...
Remita, Verve

You will now bear the cost every time you use Remita to pay the...

Nigerians who use Remita to make payments into the TSA would have to bear the costs associated with using the platform. 
Business half hour BHH Podcast, Weprototype

BHH Podcast: How we started TechCity by Olawale

On this episode of Business Half-hour, Ugodre of Nairametrics interviews Olawale Adeyina.

Why Dangote Cement is considering an IPO in London

Dangote Cement Plc could be  considering  a London listing in the next two years as it seeks more funds for its expansion. According to Bloomberg, the...
Skye Bank

CBN extends the tenure of Skye Bank Board

Skye Bank announced that the CBN has renewed the mandate of the Bank's Board of Directors.

New snacks are knocking out Meat Pie from event tables

Social events in Nigeria have become bigger than they were about 30 years ago.
Sterling Bank, Adegoke

Sterling Bank appoints two Non-Executive Directors

Sterling Bank Plc has announced the appointment of Folasade Kilaso and Michael Onochie Ajukwu.
Corporate Actions

Corporate Actions: MEGA LOSSES, and the end of a drought

Corporate actions are decisions taken by companies’ boards of directors or management teams, that could have impacts on the firms themselves or shareholders.  Examples of...
Mojisola Adeyeye, NAFDAC Director General

NAFDAC reverses closure of Emzor and others, imposes administrative fees

Barely a week after Emzor Pharmaceuticals Limited, Peace Standard Pharmaceutical Limited, and Bioraj Pharmaceutical Limited were sealed off by NAFDAC after being implicated in the codeine...

Atlantic LNG appoints Nigeria’s Philip Mshelbila as new CEO

Trinidad and Tobago’s sole liquefied natural gas production company, Atlantic LNG, has appointed Nigeria's Philip Mshelbila as its new chief executive officer. He succeeds Mr. Nigel...

CRe Nigeria may be delisting soon

Continental Reinsurance Plc has sent a notice to the NSE announcing a proposed acquisition of minority holdings by its key shareholder CRe Investments
Naira-Dollars

Why these foreign investors think the Naira will remain stable

Analysts at Franklin Templeton Investments and BlackRock Inc are of the opinion that the Central Bank of Nigeria will be able to keep Naira stable.
Nigeria's election delay

How to make quick money in the 2019 elections

2019 is just around the corner. With the political season heating up.
Pension Funds Performance

Nigeria’s pension contributors add N100billion to pension asset

Pension fund assets in Nigeria increased by N90 billion and N10 Billion for the months of July and August respectively to push the total pension assets to N8.33 trillion
Zenith bank head quarters

Zenith Bank’s profit after tax hits N193 billion in FY 2018

Tier one lender Zenith Bank Plc has released its audited results for the 2018 financial year. Here are highlights of the result. Gross Earnings Gross Earnings...
African Private Equity

4 Stocks Under N10 that Could make you Big

Investing in such stocks could make you big money. Here are some such stocks.
African Development Bank, Process and Industrial Development, P&ID court case against Nigeria, President Muhammadu Buhari | Federal government, external debt serving

President Buhari’s thoughts on a new minimum wage

Some weeks after presenting the 2019 budget to the National Assembly, President Muhammadu Buhari addresses various major issues that pertains to the Nigeria economy...
NSE, Gainers and Losers, Nigerian Stock exchange

Wema Bank takes the top spot this week

 The Nigerian Stock Exchange closed this week’s trading session in positive territory, albeit marginally. The All Share Index ended this week's trading session at...
Corporate Actions

CORPORATE ACTIONS: An Exit and a Yhello landing

@MTNNG listing on the @nsecontact premium board was the highlight of activities on the Nigerian bourse last week.
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Disney, Apple

Bob Iger resigns as competition stiffens between Apple and Disney

The CEO of Walt Disney Co, Bob Iger has resigned from Apple Inc’s Board of Directors as competition stiffens betwen the companies.
 BPP statements on inflated contracts, misleading - Fashola alleges  , FG to construct, fix 14 roads with N166 billion 

FG to construct, fix 14 roads with N166 billion 

Following the memorandum sent by the Ministry of Works and Housing to the Federal Executive Council, the Federal Government (FG) has approved the sum of N166 billion for the construction and rehabilitation of 14 roads across Nigeria.
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.