CATEGORY: QUICKTAKES

FYI: These are so far the 3 best (and worst) stocks in Nigeria in 2017

FYI: These are so far the 3 best (and worst) stocks in Nigeria in 2017

Take a bow or take your...


Official: CBN takes over Etisalat

Official: CBN takes over Etisalat

Etisalat Nigeria Ltd has announced the resignation of its Chief Executive Officer (CEO) and Chief Financial Officer (CFO), CEO Mr Matthew Willshire and CFO...


Seplat’s credit facility extension explained

Seplat’s credit facility extension explained

Upstream oil company, Seplat today in a notice sent to the Nigerian Stock Exchange (NSE) announced the successful extension of its revolving credit facility....



Transcorp Hotels, poised to benefit from Heirs Holding $100m Afrexim Facility

Transcorp Hotels, poised to benefit from Heirs Holding $100m Afrexim Facility

Heirs Holding Ltd, the investing vehicle owned by Nigerian Billionaire, Tony Elumelu last week reported that it had secured a $100 million facility from...


What Dangote Cement could do with the Afrexim $1 billion facility

What Dangote Cement could do with the Afrexim $1 billion facility

Last Friday (June 30th 2017), AfreximBank announced that it had reached an agreement to provide a facility up to about $1 billion to Dangote...


Another Bailout? CBN/NCC said to take up board position in “New Etisalat”

Another Bailout? CBN/NCC said to take up board position in “New Etisalat”

In what appears to be yet another twist in the Etisalat Nigeria saga, the Federal Government through the Central Bank of Nigeria (CBN) and...


Why Dangote Cement is considering shutting down its Ethiopian factory

Why Dangote Cement is considering shutting down its Ethiopian factory

One of Africa’s largest cement producers, Dangote Cement Plc may shut down its cement factory in Ethiopia if the company is unable to resolve...


Dr. Kachukwu drops a shocker about Nigeria’s oil and gas reserves 

Dr. Kachukwu drops a shocker about Nigeria’s oil and gas reserves 

At an industry event held recently in Abuja, Minister of State for petroleum,  Dr. Ibe Kachukwu stated three reasons why Nigeria needs to redouble...


Could these be why Chellarams is pivoting into milk production   

Could these be why Chellarams is pivoting into milk production   

In a notice sent to the Nigerian Stock Exchange (NSE) today, Chellarams Plc announced a delay in its annual financial statements due to ongoing...


Unilever has revealed details of its rights issue, so we did a quick take on whether to buy, sell or hold

Unilever has revealed details of its rights issue, so we did a quick take on whether to buy, sell or hold

Unilever Nigeria Plc finally released details of its N58.8 billion rights issue on Wednesday, June 28. 2017. The company is offering 1.96 billion shares...


Looks like these factors may have brought the bulls back

Looks like these factors may have brought the bulls back

The Nigerian Stock Exchange closed on Wednesday, the first trading day after the holiday with a 1.67% pop. The snaps off a three-day losing...


Atlas Mara is bullish on Union Bank

Atlas Mara is bullish on Union Bank

Atlas Mara, an investment bank promoted by Bob Diamond and Asish Thakkar appears bullish on one time banking giant Union bank, as it plans...


‘Mareva’, How ‘Etisalat 13’ plans to checkmate Mubadala

‘Mareva’, How ‘Etisalat 13’ plans to checkmate Mubadala

The consortium of 13 banks that lent Etisalat Nigeria $1.2 billion have decided to seek legal action against Mubadala for abandoning its shares. The...


Something is not right with the latest review of Nigerian stock market indices

Something is not right with the latest review of Nigerian stock market indices

The Nigerian Stock Exchange during the week announced the expected review of the NSE 30, and the six sectoral indices of the Exchange, which...


Foreign investments into Nigeria’s hotel sector crash by 98%

Foreign investments into Nigeria’s hotel sector crash by 98%

Data from the Central Bank of Nigeria suggest total capital importation into the hotel sector of Nigeria fell to a 5 year low of...


Flashback: Emefiele’s 2015 FT Interview (Banks Still Full of Dollars)

Flashback: Emefiele’s 2015 FT Interview (Banks Still Full of Dollars)

Nairametrics| In 2015, Central Bank Governor, Godwin Emefiele had an interview with the Financial Times. This was at the height of his FX policies which...


Average Fuel Prices Across States Are Creeping Up; Possible Implications

Average Fuel Prices Across States Are Creeping Up; Possible Implications

Nairametrics| Last week the National Bureau of Statistics released its monthly PMS/Petrol price watch. The price watch takes an average of fuel prices across...


A Review of Proposed Amendment To NHF

A Review of Proposed Amendment To NHF

Nairametrics| The National Housing Fund (NHF) was established under the NHF Act 1992 to facilitate the mobilisation of funds for the provision of affordable...


Analysis: “Strong Buy” Recommended After GTB’s Record Breaking Profit

Analysis: “Strong Buy” Recommended After GTB’s Record Breaking Profit

GTB released its 2016 FY results showing profits rose 33% to N132 billion. Here is a cursory analysis of the result. Guaranty Trust Bank...


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

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....


Is Continental Reinsurance A Buy/Sell/Hold ?

Is Continental Reinsurance A Buy/Sell/Hold ?

Nairametrics|Continental Reinsurance, the only listed re-insurance firm in the country today hit a new year high of N1.17 Naira per share. The company has...


NNPC Can’t Explain Why Its CHQ Expenses Topped N121 billion In One Year

NNPC Can’t Explain Why Its CHQ Expenses Topped N121 billion In One Year

Nairametrics| NNPC released its financial report for the month of November detailing the operations of the state owned oil company. A cursory review of...


Nigeria’s Economic Slump Has Cost These 33 Firms A Combined N137 billion in Losses

Nigeria’s Economic Slump Has Cost These 33 Firms A Combined N137 billion in Losses

Companies typically suffer cash flow challenges in times of economic recession. Top line revenues take a hit, profits often turn into losses, and expansion...


Bulls Are Back: 4 Reasons Why Nigerian Stocks Are Rallying

Bulls Are Back: 4 Reasons Why Nigerian Stocks Are Rallying

Nigerian Stocks gained for the 5th straight day and the 9th day out of 10 days of trading crossing the N9 trillion market capitalization...


Data Shows CBN’s Lending Under Emefiele Has Quadrupled

Data Shows CBN’s Lending Under Emefiele Has Quadrupled

The Central Bank of Nigeria has loaned out about N923 billion to select sectors of the Nigerian economy through deposit money banks. According to...


PZ Nigeria Plc Just Got Obliterated!!

PZ Nigeria Plc Just Got Obliterated!!

We don't see them getting out of this anytime...


BOOM: Guinness Reports Whopping N2 billion Loss After Tax, Blame FX Policy

BOOM: Guinness Reports Whopping N2 billion Loss After Tax, Blame FX Policy

This is the first loss in over a...


Analysis: Are These Banks Over Paying Their Staff

Analysis: Are These Banks Over Paying Their Staff

For most commercial banks in Nigeria, one metric keenly followed is the cost to income ratio. The cost to income ratio is basically a measure...


Zenith Bank’s 2016 Half Year Results: The key highlights

Zenith Bank’s 2016 Half Year Results: The key highlights

A cursory analysis of Zenith Bank's 2016 H1...


#MonsterProfits: Here Is What We Think Total Plc Is Now Worth

#MonsterProfits: Here Is What We Think Total Plc Is Now Worth

Total Nigeria Plc released its 2016 half-year results showing pre-tax profits soared 199% to N12.9billion compared to the same period in 2015. Revenues also...