CATEGORY: QUICKTAKES

The key numbers behind FBNH 2017 Half year results

The key numbers behind FBNH 2017 Half year results

FBN Holdings Plc on Thursday announced its unaudited results for the six months ended 30 June 2017. Here are key highlights of the results...


Board Games: Unity Bank, Veritas musical chairs with UnityKapital Assurance

Board Games: Unity Bank, Veritas musical chairs with UnityKapital Assurance

UnityKapital Assurance Plc in a notice sent to the Nigerian Stock Exchange (NSE) on Tuesday announced the divestment of Unity Bank’s holdings in the...


LSETF launches VC Structure to fund more startups

LSETF launches VC Structure to fund more startups

Lagos State employment trust fund, LSETF has announced plans to partner with high net-worth individuals on a funding initiative that could provide thousands of...



Forte Oil to eliminate “I better pass my neighbour” with new alternative energy product

Forte Oil to eliminate “I better pass my neighbour” with new alternative energy product

In an exclusive tweet chat yesterday with Nairametrics, Mr Akin Akinfemiwa Group CEO of Forte Oil Plc discussed several issues relating to his company,...


FLASH: Nearly N1 billion worth of bitcoin was traded in Nigeria last week

FLASH: Nearly N1 billion worth of bitcoin was traded in Nigeria last week

In a sign of growing adoption of bitcoin and other cryptocurrencies, a report from Cointelegraph states that $3 million worth of bitcoin was traded...


LASG has issued demolition order for these estates

LASG has issued demolition order for these estates

The Lagos State Government has ordered owners of buildings erected on drainage alignments and channels in several upscale areas to vacate their properties or...


Oando’s Share Price recovers after alleged SEC investigation

Oando’s Share Price recovers after alleged SEC investigation

Shares of Oando Plc have fallen just 1.5% since news of an investigation by the Securities and Exchange Commission (SEC) broke two Fridays ago....


CBN blows past N3 trillion in treasury bills sales, YTD July 2017 alone

CBN blows past N3 trillion in treasury bills sales, YTD July 2017 alone

Available data from the Central Bank of Nigeria shows the government via the CBN has sold about N3.1 trillion in treasury bills between January...


Four takeaways from Wema Bank’s H1 2017 Conference call

Four takeaways from Wema Bank’s H1 2017 Conference call

Tier two lender, Wema Bank yesterday held a conference call in respect of it’s just released Q2 2017 results. A conference call is a...


Why Afriprudential Plc is a short term buy

Why Afriprudential Plc is a short term buy

Afriprudential Plc yesterday released its 2nd quarter 2017 results, and they are fantastic. Profit before tax increased from N605 million in 2016 to N950...


Reasons behind the Uber Germaine Auto partnership

Reasons behind the Uber Germaine Auto partnership

Ride sharing app Uber has gone into partnership with Germaine Auto, a car sale and maintenance company. Under the partnership, Uber Nigeria drivers can...


These 2 insurance companies are running on empty

These 2 insurance companies are running on empty

Management of Guinea Insurance Plc and African Alliance may presently be at their wit’s end as both companies are operating below minimum statutory requirements....


ICYMI: Nigerian Stock Exchange was the world’s most profitable in June

ICYMI: Nigerian Stock Exchange was the world’s most profitable in June

In what both the Central Bank of Nigeria (CBN) and the Federal Government may point to as a sign of its foreign exchange policies...


Strange: Capital Oil repays N2 billion, yet claims NNPC owes it

Strange: Capital Oil repays N2 billion, yet claims NNPC owes it

The management of Capital Oil lead by its MD Ifeanyi Ubah may have been economical with the truth when it accused the Nigerian National...


Nigeria May Agree to Cap Oil Production at 1.8 Million Barrel

Nigeria May Agree to Cap Oil Production at 1.8 Million Barrel

In a bid to support OPEC’s effort towards moderating the oversupply of oil in the global oil market, Nigeria may have agreed to limit...


Why Diamond Bank is not issuing bonds

Why Diamond Bank is not issuing bonds

MD/CEO of Diamond bank, Uzoma Dozie says the bank will sell off assets that are of no benefit to its retail strategy. He made...


Looks like CBN dollar Intervention is yielding ‘positive results’

Looks like CBN dollar Intervention is yielding ‘positive results’

The series of recent interventions by the Central Bank of Nigeria appears to be yielding expected result as Nigerian Banks now see improved dollar...


Zenith Bank sells stake in Life Insurance firm to Prudential UK

Zenith Bank sells stake in Life Insurance firm to Prudential UK

In a press release to investors and the general public, UK based Prudential Plc has announced the acquisition of a significant stake in Zenith...


Senate, CBN and Banks Meet to discuss Interest rates

Senate, CBN and Banks Meet to discuss Interest rates

In a bid to address the high level of interest rates in the country, the Senate Committee on Banking, and Financial Institutions met with...


Dangote Cement to spend $4 billion expanding plant capacity across Africa  

Dangote Cement to spend $4 billion expanding plant capacity across Africa  

Africa’s largest cement producer, Dangote  Cement looks set to consolidate its position as one of the top 3 cement producers on the continent, as...


Dangote Group to start milk production in 2019

Dangote Group to start milk production in 2019

As part of its expansion plans in the agricultural sector, the Dangote group is to spend $800 million on dairy-farming.  The company also plans...


Another anomally as bank rates trade higher than black market

Another anomally as bank rates trade higher than black market

The Central Bank of Nigeria (CBN) may have to tinker with its foreign exchange policies as official bank dollar rates are beginning to spike...


Hotel owners cabal explain why they want single-digit intervention fund

Hotel owners cabal explain why they want single-digit intervention fund

Hotel and Tourism operators in Nigeria are seeking an intervention from the government to help boost investments in the sector. This was reiterated by...


Why Wema and Sterling Bank MDs will step down soon

Why Wema and Sterling Bank MDs will step down soon

According to reports from Daily trust newspaper, the Managing Directors of Wema and Sterling Bank may step down soon in accordance with the Central...


Alert: These 17 stocks have been suspended from trading on the NSE

Alert: These 17 stocks have been suspended from trading on the NSE

In a sign that the Nigerian Stock Exchange (NSE) is waking up from its slumber, it on Friday issued a notice suspending trading in...


This is who will benefit from the planned listing of government assets on the stock exchange

This is who will benefit from the planned listing of government assets on the stock exchange

As part of efforts to stimulate the Nigerian capital market, the Federal Government will divest its holdings in petrochemical companies through the stock market....


Udo Udoma explains why Nigeria N19trillion debt “is not a problem”

Udo Udoma explains why Nigeria N19trillion debt “is not a problem”

Data from the Debt Management Office shows that Nigeria currently has a total public debt of about N19 trillion an equivalent of 20% of...


Cement cabal wants to “reduce” cement prices “soon”

Cement cabal wants to “reduce” cement prices “soon”

During a visit to the Presidential villa to invite Acting President Yemi Osinbajo to commission one of his cement factories, Alhaji Abdulsamad Rabiu said...


Nigeria Breweries is going local

Nigeria Breweries is going local

In a move to reduce it’s exposure to foreign exchange volatility, and encourage local producers, Nigerian Breweries is increasing it’s reliance on domestic sources...


This trend in extension of credit to Nigeria should trouble FG

This trend in extension of credit to Nigeria should trouble FG

How can this be...