Wealth.ng

Why Eko Hospital wrote off nearly N1 billion

Ekocorp Plc, the owners of the embattled Eko Hospital recently released its financial statements for the year ended December 2017. Turnover increased slightly from...
Entrepreneur Photo by Ben Rosett on Unsplash

Entrepreneurs have no Shame! by Fisayo Durojaiye

I thought that being an entrepreneur would give me more time to do other things outside of waking up in the morning, rushing to join Lagos traffic and coming back home really late at night. I thought that as an entrepreneur, I will have time for other things. Alas, that’s a lie from the pit of hell.

THE WEEK AHEAD: Dividends, marked downs, results

This is a recap of stocks that were marked down the previous week, and an outlook on stocks to be marked down this week. The...
NSE, Stock

These stocks made money for investors last week (WTD June 8)

The Nigerian Stock Exchange (NSE) All Share Index closed on a positive note this week, up 5.03%. The index is also back in positive...
Anike Lawal, Mamalette

Meet Anike Lawal: From Management Consulting to Mamalette

According to a report by UNICEF, every single day, Nigeria loses about 2,300 children under five years of age and 145 women due to...
NSE, Stock

Market Roundup: Stocks, Treasury Bills, Cryptos.

While equity markets witnessed an uptrend, foreign exchange rates where largely flat. Cryptocurrency markets declined slightly. Here is a rundown of how the various financial...
A cross section of shareholders at GT Bank's AGM.

How a judgement debt could affect GT Bank shares and your deposits.

On Thursday, Innoson Ltd tweeted that the Supreme Court of Nigeria struck off the ‘motion for stay’ filed by Guaranty Trust Bank (GTB) while...
Emefiele - nairametrics

CBN releases guidelines for the Nigeria-China currency swap

The Central Bank of Nigeria (CBN) has released guidelines for the recently signed bilateral currency swap between the country and China. The new swap agreement will...
Pharma Deko Plc

Pharma Deko Plc is struggling to remain profitable as competition stiffens

Twice a week, Nairametrics spotlights some of the not-so-popular companies on the Nigerian Stock Exchange (NSE). Some of these companies, an example of which...

Nigeria’s cornflakes market: A case of two kings

Cornflakes is one of the most popular breakfast cereals eaten in the world, and for many people across all ages, it has become an...
Nigerian Imports and Exports

Netherlands overtakes India as Nigeria’s major export partner in Q1 2018

Key Highlights Total trade value was ₦7,211.61 billion Total trade value grew by 19.74% from Q4 2017 and...
Household food item

Prices of vegetable oil drop in latest Household Food Price Survey

Nairametrics Research on Household Food Items conducted from major markets in Lagos State reveals a general decrease in prices for the week ended June...
Austin Avuru

From employee to billionaire founder, Austin Avuru, the CEO of Seplat Petroleum

Mr Augustine Ojunekwu Avuru, popularly known as Austin Avuru,  is the Managing Director and Chief Executive Officer of one of Nigeria’s leading crude oil...
FGN Savings Bond

What you get when you buy the latest FGN Savings Bond offer

The  Debt Management Office (DMO), on Monday, released details of the May 2018 FGN Savings Bond offer. Here are details of the offer: How much can...

Buy/Sell/Hold for the week ending 8th of June 2018

Buy/Sell/Hold is a weekly column which samples opinions on a variety of stocks, that are picked from gainers and losers of the previous week,...
Stocks to watch

Stocks picks for June 2018

May was a bearish month on the Nigerian Stock Exchange (NSE) with the stock market’s All Share Index closing 7.6% down for the month....

THIS WEEK: Markets look poised for another rout.

Financial markets in the country ended May on a bearish note and began the month of June in a like manner. Here is Nairametrics’...
Aliko Dangote, billionaires

Stock To Watch: Is it time to get out of DANGCEM?

On a weekly timeframe, DANGCEM’s TNTL indicator (Trader’s Navigator – a trend forecasting algo) is at a critical point as shown in the above...
Bellwether, bearish, stocks, Daily Stock market report, Nigerian Stock market, bank lending, banking stocks

May bloodbath: A series of unfortunate events for Stocks

A series of unfortunate events …as sell-offs are sustained The heightened uncertainty in the Nigerian financial markets in the past month, resulted in a series...
CBN Governor, naira

New Currency Futures Rates point to possible weakening of Naira

For the first time since April 2017, Naira Settled FX currency futures open interest surpassed the 4,000 contracts mark on May 28th, 2018, after...
Stanbic IBTC

Deal: Standard Bank pays N61b to Mahtani Brothers for additional stake in Stanbic IBTC

Standard Bank Group the parent company of Stanbic IBTC has announced a further acquisition of 1,141,191,943 of its Nigerian Subsidiary.
Buharinomics, Buhari, metric, FG okays N100 billion for the completion of Kano Free Trade Zone , Nigeria saved N670 billion from Petrol Importation in half year 2019  , The Chicago Boys of Nigeria, Buhari signs Production Sharing Contract (PSC) Amendment Bill into law , Nigeria generates N876.09 billion in 9-month, as revenue shortfall poses threat 

Before and after: 10 metrics that has defined Buharinomics

Buharinomics: The Buhari years are almost over, well, that’s if he does not win a re-election come 2018, which we won’t bet against.
George Soros

George Soros explains why devaluation is on the cards for emerging markets like Nigeria

Billionaire Investor, George Soros has said that the strong dollar and the termination of the Iran Nuclear deal by the United States, is a major global threat to the European Union and to emerging markets like Nigeria.

This is the fastest growing fund manager in Nigeria

Fund managers in Nigeria grew mutual fund asset value by an average of 89.71% in 2017, according to research conducted by Quantitative Financial Analytics....
Ikeja Hotel Plc

Stocks to watch this week 28th May 2018

The Nigerian Stock Exchange (NSE) has been bearish in the last three weeks and this week may not be an exception. Trading will take...
Mutual Benefits Assurance Plc

These stocks made good money for investors last week

This week was another bearish one on the Nigerian Stock Exchange (NSE) as the All Share Index depreciated by 2.84% to close the week...

Daily Update on Treasury Bills, Bonds, Forex etc.

Weak Auction Results Dampen Bond Market Outlook Framework for $2.5bn China currency swap coming next week— CBN KEY INDICATORS Inflation 12.48% Declined by 0.86% in April from 13.34% in...
President Muhammadu Buhari

Reasons behind the Fitch B+ rating for Nigeria

Rating agency Fitch yesterday released a Sovereign Rating report on Nigeria. The agency maintained its Long-Term Foreign Currency Issuer Default Rating at B+. A sovereign...
Nigerian Stock Exchange

Funding Rates Crash Below 20% as CBN SLF hits 6-Month high at N239bn

NASS jerks 2018 budget to N9.120 trillion Headline Inflation Drops to 12.48% in April KEY INDICATORS Inflation 12.48% Declined by 0.86%...
Tech driven charts. Photo by Olu Eletu on Unsplash

Nigerian pension funds gain meagre 3.76% in Q1 2018

Nigeria’s RSA Pension funds posted a median gain of 3.76% during the first quarter of 2018, according to financial analysis firm, Quantitative Financial Analytics....