Ladi Balogun - nairametrics

FCMB Group Announces N170bn Gross Revenue

FCMB| Lagos: April 5, 2018: FCMB Group Plc has released its financial results for the year ended December 31, 2017, reporting a gross revenue...

BCG listed these 6 Nigerian companies among 150 “Blazing The Trail” Across Africa

The United States Based Boston Consulting Group (BCG) has listed 150 companies operating in Africa that it believes are Trail-Blazing across the Continent. According...

SEC finally speaks on Milost’s aborted Unity Bank deal

The Securities and Exchange Commission (SEC) has finally opined on the chain of events that led to private equity firm Milost Global “terminating” its...

Diamond Bank targets millions of new customers with AI chatbot

Diamond Bank– Nigeria’s fastest growing retail bank – has launched an Artificial Intelligence (AI)Chatbot, leveraging pioneering technology to reach more customers with an enhanced...
Ecobank Rapidtransfer

Ecobank mobile app attracts 3 million new customers

ECOBANK| The upgraded version of Ecobank’s (www.Ecobank.com) revolutionary mobile app has attracted 3 million new customers in just 6 months, taking the total number...

Mutual Benefit to propose dividend for the first time since 2008

Shareholders of Mutual Benefits Assurance Plc finally have a reason to smile, as the company appears set to break its 9-year dividend drought. In a...

Analysis: Uber Firesale – Can OgaTaxi Benefit?

Nairametrics| Japanese investment giant SoftBank has called for a merger between homegrown Ola and US firm Uber’s India unit as part of its planned consolidation...

Stocks to buy and sell in April

The Nigerian Stock Exchange (NSE) All Share Index  closed down 4.21% for the month of March at 41, 504.51 basis points .  Year to...

Dangote Sugar tops our stocks to watch out for this week

  Dangote Sugar Refinery Plc Dangote Sugar late last week released its financial statements for the year ended December 2017. The company has declared a final...

This founder made over ₦2 billion in 2017 from his stake in Fidson

Fidson Healthcare Plc this week released its financial statements for the year ended December 2017. Revenue surged by 86% from ₦7.6 billion in 2016...
CCNN

CCNN FY 2017 profit hits record high of ₦4.2 billion

Cement Company of Northern Nigeria (CCNN) recently released its financial statements for the year ended December 2017. Revenue was up 35% from ₦14 billion...

AXA Mansard’s FY 2017 profits flat due to sharp rise in net claims

AXA Mansard recently released its financial statements for the year ended December 2017. While gross premium written increased from ₦20.7 billion in 2016 to...

CAP increases staff benefits despite flat profit

CAP Plc recently financial statements for the year ended December 2017. While revenue increased slightly, the bottom line declined. Revenue increased by 4%...
Cold Room Business in Nigeria - nairametrics

My Hustle: How I make money from operating a cold room business

Cold room business is one of the most lucrative in the SMEs sector. Every day, many businessmen and women work hard to take advantage...

Bottom Line: Sheraton Hotel Abuja, Too much cash no value

Ever heard of Capital Hotels Plc? Well, they own Abuja Sheraton Hotels. Capital Hotels is in turn owned by Ikeja Hotels Plc, the owners...

System Specs owed over ₦10billion as TSA inflow hits ₦8.9 trillion

The Accountant-General of the Federation, Ahmed Idris, has revealed that total revenue of ₦8.9 trillion from Ministries, Departments and Agencies MDAs of government has been recorded...
taxes

A legal view of corporate taxation in Nigeria

A company incorporated under the Companies and Allied Matters Act, cap C20 LFN 2004 is accorded a distinct legal personality from its members. Whilst...
Petrobras Africa facility

Nigerian firms join race to acquire Petrobras Africa assets

The race is on to acquire Petrobras' assets in Petrobras Africa which is valued at $2bn. Two international energy merchants -Glencore and Vitol have...
UBA Headquarters

UBA Plc gets wholesale banking in the UK Limited

United Bank for Africa (UBA PLC), Africa’s global bank, recently announced that its London subsidiary has obtained regulatory permission to carry out Wholesale Banking...
Photo by Erwan Hesry on Unsplash

Olam may launch fish farming operations in Nigeria

Olam International Ltd is on the verge of expanding its Agric business on the continent with the planned investment into fish farming in Nigeria...
minister-of-finance-Kemi-Adeosun

FAAC meeting ends in stalemate over low revenue from NNPC

State and local government workers, may be in for a tough time as the monthly Federal Accounts Allocation Committee (FAAC) ended inconclusively, for the...
CBN governor - nairametrics

Its Official: CBN to hold MPC meeting next week

After nearly four months of delay due to a standoff between the Presidency and the National Assembly, the Central Bank of Nigeria (CBN) is...

“Threat emails” – Milost says it will stop its planned $1billion investment in Unity...

Milost Global Inc. has alleged threats to shut it out of the country if it continues with the planned talks to inject $1 billion into...
Photo by Pablo García Saldaña via Unsplash

Will Toyin Subair get it right with PlayTV ?

Digital Play Nigeria Limited, Executive Chairman, Toyin Subair, has assured subscribers of its Direct to Home (DTH) broadcasting system, PlayTV, of highly entertaining and informative channels, especially...

SME stories: How Alex makes ₦8,000 daily from second-hand book selling

In Nigeria today, second-hand bookselling has become a major source of income for a lot of people. It is a thriving sector which is...
How to save money in 2019, ATM, NIP, NBS, CBN, Inflation, Interest Rates

Salary Earner? How to calculate your taxes using PAYE

We include a spreadsheet template that can easily help calculate your tax.
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