Coronation Merchant Bank

Equity culture is the solution to financing SMEs in Nigeria – Abu Jimoh

The CEO of Coronation Merchant Bank, Abu Jimoh, has advised Small and Medium-sized Enterprises (SMEs) on the need to embrace equity financing forSMEs.
Foreign investors in Nigeria, FDI in Nigerian Stock Exchange, X-Academy e-learning, NSE capital market and Financial literacy, NSE Rules, Nigerian Stock Exchange,

See the top 10 stockbroking firms on the NSE as of May 31st, 2019

About 55.31 percent of the total shares traded on the Nigerian Stock Exchange (NSE) between January May 2019, was carried out by 10 stockbroking companies.
Foreign investors in Nigeria, FDI in Nigerian Stock Exchange, X-Academy e-learning, NSE capital market and Financial literacy, NSE Rules, Nigerian Stock Exchange,

The NSE kicks-off the week with a negative turn-out in trades

@nsenigeria open the trading week on a bearing note, dropping by 0.35%.
Lafarge financial statement, Lafarge Africa Plc rights issue

Again, Lafarge Plc delays release of FY 2018 and Q1 2019 financial results

@Lafarge_Africa has again postponed the release of its annual Audited Financial Statements for the year ended 31st December 2018. The company had announced on March 29, 2019, that the result will be released in May, but it failed to meet its timeframe.

The Federal Government is battling four oil companies in court; here’s why

The Federal Government of Nigeria has sued four oil companies before the Abuja Federal High court, accusing them of not being transparent in their production activities report.
Nigeria spent N148 billion to import used Cars in 3 months

Nigerians spent N148 billion in 3 months to import used cars

The latest import data released by the @nigerianstat shows that Nigeria spent a whopping sum of N148 billion to import used Vehicles (popularly known as Tokunbo) in the first quarter of 2019. Analysis shows that in one year, Nigeria spent the sum of N417.66 billion to import used vehicles
Foreign investors in Nigeria, FDI in Nigerian Stock Exchange, X-Academy e-learning, NSE capital market and Financial literacy, NSE Rules, Nigerian Stock Exchange,

Foreign investors’ inflows outpace outflows as election-fever wears off

The investment of foreign investors in the Nigerian equities market has risen by 61.4 percent in the second quarter of the year. This is the first time in 2019 that the recorded foreign portfolio investment in Nigeria has been positive.
Market Update: Rebound in Global Oil Prices Fuel Rally for Nigerian Eurobonds

Why MSMEs lack funding despite growing number of lenders -DBN

Despite the growing number of lenders in Nigeria, DBN's Tony Okpanachi revealed three factors influencing lack of financing in the MSMEs sector.
Treasury Bills

Market Update: Rebound in Global Oil Prices Fuel Rally for Nigerian Eurobonds

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds. This is brought to you by Zedcrest.
Tomatoes Price

Alert: Tomato prices are up by over 80% in these Lagos markets

According to Nairametrics' House-Hold Survey carried out last week Thursday across major markets in Lagos State, a big basket of tomatoes now sells for N18,000, up from N10,000 reported two weeks earlier.
Diamond Business Advantage

Diamond Business Advantage: A financial product to help MSMEs attain full potential

Lack of credit facility has, for long, been a limiting factor for entrepreneurs in Nigeria. But that can be fixed with the Diamond Business Advantage proposition powered by Access Bank.
Stock to watch this week

Oando tops watchlist for the second week running

@oando_plc maintains the top spot on @nairametrics watchlist for the second week running.
Oando Plc

SEC explains decision on Oando, says investigation followed due process

SEC has addressed allegations leveled against it regarding the on-going Oando Plc saga. The regulator maintained that due investigative processes were followed to arrive at its decision to remove Wale Tinubu and Omamofe Boyo as the GCEO AND DCEO; respectively.
Central Bank of Nigeria

CBN rolls out plans to stop smuggling, vows to block several bank accounts

As the Central Bank of Nigeria (CBN) prepares for the next five years under the leadership of its Governor, Mr. Godwin Emefiele, top of the agenda for the apex is to end the dumping of smuggled banned products into Nigeria.
Shell

Shell completes another world-class gas plant in Nigeria

Shell Nigeria Gas (SNG), a subsidiary of Royal Dutch Shell, has announced the completion of yet another gas plant facility in Nigeria.
It would cost you N1.2 billion to have lunch with Warren Buffett

It would cost you N1.2 billion to have lunch with Warren Buffett

Ever wondered what it would be like to have lunch with Warren Buffett, the fourth-richest person in the world? That would make for a very exciting adventure, not to talk of the many business lessons you would surely learn while at it.
Real Madrid leapfrogs others to emerge the world's most valuable football club

Real Madrid leapfrogs others to emerge the world’s most valuable football club

Despite the fact that both clubs displayed lackluster performances during the 2018/19 Champions League football competition, Real Madrid and Manchester United are still the two most valuable football clubs in the world.
Court case between Oando and SECOando share price, SEC suspends Oando's AGM, Oando respond to SEC's AGM suspension, SEC explains decision on Oando, says investigation follows due process

Oando shares rebound by 5.26% as stock market ends in negative territory

@Oando_PLC share price bounced back by 5.26% at the end of the week after a frustrating seven days ushered in by the corruption and market abuse report of @SECNigeria
E-Tranzact first quarter 2019 result, CWG Plc first quarter 2019 result, Nigerian stocks exchange, NSE indexes

NEM Insurance Plc leads this week’s losers

@neminsuranceplc was the worst performing stock this week declining by 13.14% to close at N2.05
Nigerian Stock Exchange - nairametrics

List of Dividends announced so far in 2019 (June 2019)

List of Dividends announced so far in 2019 (June 2019)
Businessman makes a strong case against equity investment

Businessman makes a strong case against equity investment

Nigerian entrepreneur and business leader, Dr. Tayo Oyedeji, recently made a strong case against equity investment. According to him, not only are stocks riskier to invest in, good returns on investment cannot always be guaranteed compared to other diversified forms of investments.
Foreign investors in Nigeria, FDI in Nigerian Stock Exchange, X-Academy e-learning, NSE capital market and Financial literacy, NSE Rules, Nigerian Stock Exchange,

Daily updates on bonds, treasury bills, forex, and oil price

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds. This is brought to you by Zedcrest.
LCC strikes back, says many e-tag users owe money from February glitch

LCC strikes back, says many e-tag users owe money from February glitch

If you are a regular commuter along the Lekki Expressway who uses the electronic toll on Admiralty Way but sometime in March noticed your e-tag was no longer working, the truth is that you might have racked up a negative balance with the LCC (Lekki Concession Company).
Bank of Industry and Omatek debt dispute, Omatek Ventures on NSE, President Buhari intervention

Once Africa’s first, Omatek is wallowing in debts

The Federal Government has been urged to intervene in the dispute between Omatek Ventures and the @BOINigeria. The lender had shut down Omatek following the company's inability to finance its debt.
Ibe Kachikwu

Why Ibe Kachikwu’s re-appointment is highly uncertain at this point

The country's failure to attain 90% self-sufficiency in oil refining could deny Ibe Kachikwu a second term as the country's Minister of State for Petroleum Resources.
Court case between Oando and SECOando share price, SEC suspends Oando's AGM, Oando respond to SEC's AGM suspension, SEC explains decision on Oando, says investigation follows due process

Why shareholders are upset over SEC’s “punishment” of Oando Plc

Some shareholders in Nigeria's capital market have faulted the sanction placed on Oando Plc by the Securities and Exchange Commission (SEC).
Is Bitcoin Still Making Money In Nigeria in 2019?

Is Bitcoin Still Making Money In Nigeria in 2019?

Bitcoin is one of the biggest phenomena in the past decade as the emergence of the popular cryptocurrency has changed the financial landscape.
WEMPCO

Two banks collaborate to fund $600 million 5.4MT per day Steel Plant in Kaduna...

African Natural Resources and Mines Limited is collaborating with Stanbic IBTC and Standard Chartered Bank to build a steel plant, capable of producing 5.4 metric tons of steel daily in Kagorko, Kaduna State.
Buy/Sell/Hold, Guaranty Trust Bank

MTN Nigeria has a HOLD rating for next week

@mtnng and Dangote Cement have a HOLD recommendation for the trading week ending June 7 on the @nsenigeria

CBN’s decision to hold MPR sends bad signal to the Stock Market

Last week, Mr Godwin Emefiele presided over the Monetary Policy Committee (MPC) meeting for the first time since his reappointment as Governor of the Central Bank of Nigeria (CBN). 

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Rubies Bank

Rubies Bank – The Future is here

Rubies is a fully digital banking platform, offering zero fee banking targeted at millennials, young professionals, SMEs, quasi-financial institutions and FINTECH companies.
Should Gokada and Max.ng be afraid of ORide?

Should Gokada and Max.ng be afraid of ORide?

ORide is fast penetrating the market by leveraging on the N100 bonus offer to any destination of any distance within Lagos. This move has attracted the competitors’ customers, at least if not for anything, till the promo offer ends. 
Airtel Nigeria

Airtel eyes a £3.6 billion IPO valuation on the LSE and NSE

Airtel Africa Limited has declared its intentions to float his shares simultaneously on the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE)