Nigerian capital market

FBN Holdings Plc releases interim financial statements for Q2 2019

FBN Holdings Plc, yesterday, released its half-year 2019 interim financial results which showed a slight 5.5% drop in profit for the period under review. See vital details below.
NNPC clears controversy

NNPC claims it owes DPR N217billion, clears air on dubious account

In an attempt to clear the air about the purported controversial account with N53.4 billion, the [@NNPCgroup] has revealed it owes an outstanding payment of $600 million.
Dangote Cement Plc

Dangote Cement’s Q2 profit up by 5.4%

Dangote Cement Plc has released its interim second-quarter 2019 financial statements, which show fairly positive performances across all major indicators.
FGN Bonds

Investors Renew Demand for Long Tenured FGN Bonds

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 FGN Bonds.
Godwin Emefiele, CBN, currency-in-circulation, CBN to offer loans

Investors to get CBN’s loans as milk initiative takes-off

The Central Bank of Nigeria (CBN) has declared its preparedness to provide loans to investors who are interested in tapping into its milk production policy initiative.

Nigeria lacks ‘financial capacity’ to take advantage of AfCFTA

The Chief Executive Officer of Economic Associates, Dr Ayo Teriba, has argued that Nigeria and other African countries do not have the financial capacity to actualise the Africa Continental Free Trade Agreement (AfCFTA). 
Nigerian Stock Exchange, NSE lifts suspension on Lasaco Assurance, NSE suspend companies, NSE lift suspension, NSE lift suspension on Conoil, Conoil and SEC, Ellah Lakes appoints new Managing Director, Ellah Lakes appoints Chuka Mordi, Ellah Lakes acquires Telluria Limited, Nigerian Stock Exchange NSE, NSE X Compliance report, Great Nigeria Insurance, Nigeria Stock Exchange, Delisting, VAT

Investors may lose N2.5 billion annually to VAT enforcement – Reports

Following the expiration of the 5-year Value-Added Tax (VAT) exemption on Stock Exchange transaction commissions, it has been revealed that investors may lose about N2.5 billion yearly as additional costs on transactions.
African Development Bank, Process and Industrial Development, P&ID court case against Nigeria, President Muhammadu Buhari | Federal government, external debt serving

Nigeria paid N293 billion to service external debt in half year 2019

Nigeria's external debt serving has hit a new height in half-year 2019 as the latest figure obtained from the [@cenbank] shows that international payment in the form of debt servicing between January and June 2019 was estimated at N263.7 billion
NNPC post tradings, NNPC

FG moves to take over NNPC’s ‘controversial’ account

The Federal Government of Nigeria is set to take over an account with N53.4 billion which is believed to be operated by the Nigerian National Petroleum Corporation [@NNPCgroup] without its knowledge.
Nigeria's top 10 exports, Top trading partners

Nigeria’s top 10 exports in Q1 2019 | Nairametrics

According to a recent data released by the National Bureau of Statistics (NBS), Nigeria's total trade grew by 2.5% in the first quarter of 2019, and 7.5% relative on a year on year basis, with exports valued at N4.5 trillion.
AfCFTA, NECA, AfCFTA National Action Committee

Buhari sets up committee on AfCFTA implementation

President Buhari has approved the formation of a National Action Committee (NAC) that will be saddled with the responsibilities of implementing the African Continental Free Trade Area (AfCFTA) Agreement for Nigeria.
All Share Index

Seplat, Ecobank among worst stocks as NSE ends trading in negative

@nsenigeria ended Friday’s trading session in negative territory. The All Share Index closed at 27,918.59 basis points, down 0.26%. Year to date, the index is down 11.17%.
Buhari inaugurates new NEC, Monthly allocation, FAAC disbursed the sum, FG to review revenue sharing formula

FG, states, LGs share N762.6bn allocation in June

The Federation Account Allocation Committee disbursed the sum of N762.597 billion from the Federation Account to the three tiers of government in June 2019.
FIRS demands tax payment from MTN Nigeria

Quick take: MTN’s Strong Operational Performance Underpins double-digit growth

In line with our expectations, MTN Nigeria delivered double-digit growth in revenue, up 12% y/y to N566.9bn (annualised; N1.13trn), tracking our FY 2019 estimate of N1.15 trillion.

Nigerians spend over N359 billion on MTN airtime in 6 months

Earlier today, MTN Nigeria Plc released its Q2 2019 financial results, a breakdown of which has revealed details of how the leading telco made money in the past six months of the year.
NNPC, IJV model, JV

Nigeria spent N206.6 billion on fuel subsidy in two months – NNPC

Latest figures obtained from the NNPC has shown that it  spent over 1,174 percent in subsidizing Premium Motor Spirit
Nigeria inflation, Dollar supply, World Bank projection for Nigeria, FGN Bond, Treasury Bills, 2018 in retrospect, Everyday Money Matters, EMM Podcast, Ugodre,

EMM Podcast: Ugodre ponders on why Garri and other food prices fell this week

On this episode of the #EMMPodcast, @Ugodre ponders on why #Garri and other food prices fell this week and how to invest in securities outside Nigeria.
Ecobank, Ayo Adepoju's appointment

Ecobank Transnational Incorporated releases Q2 2019 results

Ecobank Transnational Incorporated (ETI) has disclosed its unaudited financial results for the Q2 period ended June 30, 2019.

MTN releases Q2 2019 financial statements

MTN Nigeria Plc has disclosed its unaudited second-quarter (Q2) 2019 financial performance which shows an impressive 34.7% increase.
FGN Bonds

FGN Bond Yields Compress Following Robust Auction Demand

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 FGN Bonds.
MTN Nigeria

MTN Nigeria’s stock falls as Investors react negatively to Pascal Dozie’s exit

@MTNNG shares fell a day after the telecommunication company announced that its Chairman, Pascal Dozie, his Vice and four Non-Executives Directors will be stepping down from their respective position.
Fidelity Bank Plc, Fidelity Bank financial report, Fidelity Bank Insider Trading Policy, Nigeria's Insider Trading Policy, NSE stcoks, Companies on Nigerian Stock Exchange NSE

Fidelity Bank temporarily bans its Directors and families from trading its shares

@fidelitybankplc has announced that its Executives, Directors, other employees, Family members and other persons related to the employees and the lender have been barred from trading in the company's shares.
FCMB, NSE, Nigerian stocks, Nigerian stock exchange

FCMB tops gainers’ chart as the Nigerian bourse closes bearish

@MyFCMB led gainers as the @nsenigeria ended Thursday’s trading session in negative territory. With the ASI down by 0.03%.
minimum wage in Nigeria, How to save money in 2019, ATM, NIP, NBS, CBN, Inflation, Interest Rates

How to calculate your taxes using PAYE

Salary Earner? How to calculate your taxes using PAYE

AMCON sets to publish names of prominent Nigerians owing N5 trillion

AMCON is set to release a TV documentary of prominent Nigerians who make up N5 trillion debt, stating that these are top public office holders.
CBN Gov Godiwn Emefiele

CBN predicts Nigeria’s inflation to remain double digit

Inflation may have dropped by 0.18 points in June 2019, but the Central Bank of Nigeria (CBN) has revealed that Nigeria's economy will continue to witness double-digit inflation throughout 2019.
All Share Index

NSE closes negatively again as Unity Bank, UAC join worst performing stocks

@nsenigeria ended Wednesday’s trading session in negative territory. The All-Share Index closed at 28,088.74 basis points, down 0.20%. Year to date, the index is down 10.63%.`

NNPC secures $3.15 billion OML financing to boost oil production

the Nigerian National Petroleum Corporation (@NNPCgroup) has secured a $3.15 billion Financial and Technical Services deal from Sterling Oil Exploration and Energy Production Company Limited (SEEPCO).
IMF raises Nigeria’s growth forecast, Globat trade tension, US-China trade war, International Monetary Fund IMF, IMF advises Nigeria to keep inflation down, International Monetary Fund, Godwin Emefiele, Nigeria's External Reserves and Sovereign Wealth Fund: Why IMF can't be ignored

Nigeria’s growth forecast has been raised by the IMF

Nigeria's economic growth for 2019 was on Tuesday revised by the International Monetary Fund (@IMFNews). The global monetary cooperation raised Nigeria's growth forecast by 0.3 percent.
CBN, MPC, Credit risk, LDR, Central Bank of Nigeria

Why CBN may de-risk Nigeria’s financial sector

In a bid to encourage Deposit Money Banks' (DMBs) to safely grow the economy, the Central Bank of Nigeria may de-risk the financial markets.


GTBank, acquisition

GTBank in acquisition talks

Chief Executive Officer of GTBank Segun Agbaje has said that the bank is making plans to expand its market base beyond its present locations.
Frus, FBI, 80 Nigerians

FRAUD: FBI releases names of 80 Nigerians

Not less than 80 Nigerians have been put in the public domain by the United States Government over fraudulent activities, the FBI termed to be one of the massive frauds that have gone down in history.
FBI, Jenna

FBI’s list of 80 Nigerians indicted for fraud : Nigerians react

Following the FBI’s release of a list containing about 80 Nigerians who were involved in a money laundering case, Nigerians have taken to social media platform, Twitter to react and express their views on the matter.