Wealth.ng

New Forex Policy: Here Is What This Bank Sent To Its Customers 

Banks have started implementing the new forex policy. In doing so the first thing they typically do is to send their customers emails detailing...
NNPC, Power generation

Here is The Impact of Latest NLNG Gas Pipeline Explosion

Nairametrics| Nigerians woke up on Thursday to the news of yet another gas explosion. This time it affected the Nigeria Liquefied Natural Gas Ltd (NLNG). According...

Nigerian Students Have A Message For Xenophobic South Africans 

Nairametrics| Comrade Chinonso Obasi, National President of Nigerian Association of Nigerian Students, NANS, issued a statement Wednesday night condemning  all forms of discrimination on...

Alert: Fitch Explains Why Latest Forex Policy Could Favour Banks

Rating agency Fitch, has dropped its first analysis on the latest CBN Forex Policy. Here it is LONDON, February 22 (Fitch) Measures announced on 20...
michael ibru

Rumble In Ibru Family Over Estate

Barely six months after patriarch of the Ibru clan and billionaire, Michael Ibru passed on, peace seems to have eluded the Ibru family. Multiple...
Nigerian Immigration Service NIS jobs, National Information Technology Development Agency, NITDA begins investigation of Banks and NIS over data breach

U-Turn: CBN Deletes Tax Requirement For Buying PTA

It's been just a little over 24 hours since the CBN issues a new Forex policy aimed at the retail end of the FX market and we have already recorded our first flip flop. Just yesterday, the CBN followed this up with details of documents and requirements applicants need to meet to access the $4,000 PTA per quarter.

Naira Struggles: And Another One

Nairametrics| This is really becoming tiring but we must. The central bank announced yet another intervention program disguised as a policy yesterday. The policy...

8 Things We Now Know After Shoprite Nigeria Declared 60% Spike In Sales

Nairametrics| Africa's largest retail Supermarket chain, Shoprite Holdings released its 2016 full year results on Tuesday, showing headline earnings per share rose 15.5% to...

Cadbury Nigeria Plc Announces Closed Period

Cadbury Nigeria Plc, in a notice to the Nigerian Stock Exchange, announced the commencement of a closed period in the...

The Govt. Has Approved 60 day National Action Plan for Ease of Doing Business...

The Nigerian Government has approved a 60-day national action plan to help ease doing business Nigeria. The Council approved a national action plan to...
Nigeria external reserve, CBN

Why we don’t need IMF Loans –  Adeosun

Minister of Finance Kemi Adeosun confirmed on CNBC on Tuesday that Nigeria does not need a loan from the International Monetary Fund (IMF). Here is...

Analysis: Is Forte Oil Plc Highly Inflammable?

Forte Oil Plc: Highly Inflammable? In contrast to sector peers, which had a stellar 2016 performance, Forte Oil (FO) grappled with...

Transcorp Hotels Reports 17% Increase In Profits (2016 FY)

Transcrop Hotels today released audited results for the financial year ended 31 December 2016. Revenue N’ million FY 2016| N15,312 FY 2015| N13,979 % age change| 10% Profit after...

Currency Futures Record Highest Daily Trading Volume so far in 2017

Nairametrics| Trading volume in Nigerian Currency Futures Market recorded the highest daily trading volume on February 20, 2017 with 104.32 contracts changing hands by...

Alert: Nigeria Breweries Declares Final Dividend of 2.58 Naira

In a statement to the Nigerian Stock Exchange (NSE), Nigeria Breweries declared a final dividend of 2.58 Naira per share for the financial year...

Nigeria Breweries Reports 26% Drop In Profits (FY 2016)

Nigeria Breweries today released audited results for the financial year ended December 2016. Revenue N’ million FY 2016| N 313, 743 FY 2015| N 293,906 % age change|...

Ladi Balogun Steps Down As Bank CEO, To Become FCMB Group CEO

In a statement to the Nigerian Stock Exchange (NSE), FCMB notified of its reorganization in its management that current MD/CEO Ladi...

Why Telcos Want Skype and WhatsApp Calls Banned

Telcos are feeling the heat

FBN Capital Loses Its Position As Second Largest Mutual Fund By AUM

Nairametrics| FBN Capital Asset Management Losses Its Position as the Second Largest Mutual Fund Manager by AUM. In one of our earlier analysis, we...

Anticlimax: Goodie Ibru Retires From Ikeja Hotels

Nairametrics| After a long battle, which culminated in several court cases, Goodie Ibru has stepped down from the board of Ikeja Hotels Plc. He...

Buy Sell or Hold? These 4 Heavy Weight Bank Stocks!

Nairametrics| The Nigerian Banking Index is currently up 0.42% year to date compared to the wider All Share Index which is down 6.36% year to date....

Why I’m Excited About Diamond Bank’s Mobile App Strategy 

Looks like the mobile strategy is working

Stage 2: Medview Air To Hold IPO In Three Months

Nairametrics| Newly listed company on the Nigerian Stock Exchange (NSE), Medview Air will be having an Initial Public Offer (IPO) in three months time.  MD/CEO...

Nigeria’s Forex Reserves Hit $29 billion; Highest Since Dec 2015

Data from the CBN's website shows Nigeria's foreign exchange reserves is now $29 billion,  the highest it has been since December 2015. The CBN has...