TAG: FINANCIAL SERVICES

List of results released on the Nigerian Stock Exchange (Updated July 19 2017)

List of results released on the Nigerian Stock Exchange (Updated July 19 2017)

Nairametrics| The table below contains a listing of all the results released in 2017 for companies quoted on the Nigerian stock exchange. It includes...


10 “zombie” Insurance stocks you should flee from

10 “zombie” Insurance stocks you should flee from

The Insurance sector of the Nigerian stock exchange is not one to be entirely bullish about if you are a lover of fundamentals. Fundamental...


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...



CBN to the Etisalat 13: Stand down

CBN to the Etisalat 13: Stand down

Unconfirmed reports from Vanguard newspapers have stated Central Bank of Nigeria (CBN) has intervened in the Etisalat Nigeria loan saga by asking the 13...


Etisalat claims it owes banks $575million not $1.2 billion

Etisalat claims it owes banks $575million not $1.2 billion

Etisalat Nigeria has revealed that the $1.2 billion widely reported as its indebtedness to about 13 Nigerian banks is not correct. According to the...


Likely effect of an Etisalat solvency on the profits of these banks

Likely effect of an Etisalat solvency on the profits of these banks

Summary: An equivalent of 49% of the profits made by Fidelity Bank in 2016 could be lost Access Bank could lose an equivalent of...


4 banking stocks that still appear ‘cheap’

4 banking stocks that still appear ‘cheap’

The Nigerian Stock Exchange is currently riding on its longest bullish run in over a decade. The All Share Index is already 25% up...


The NSE launching Exchange Traded Derivatives is a big deal                     

The NSE launching Exchange Traded Derivatives is a big deal                     

As part of measures to enhance liquidity and participation on the Nigerian Stock Exchange (NSE), it has decided to introduce Exchange Traded Derivatives (ETDs)...


How Safricom’s MPesa plans to enter Nigerian market

How Safricom’s MPesa plans to enter Nigerian market

Kenyan telecoms giant, Safricom is considering the various options to bring its popular mobile money product to other countries including Nigeria. The move to...


Nigerian banks rake in N132.4 billion from E-business Income in 2016

Nigerian banks rake in N132.4 billion from E-business Income in 2016

Data from annual report of some top commercial banks in Nigeria reveal they made a combined sum of N132.4 billion in E-business income for the...


30% of Nigeria’s forex was spent on fuel importation in 2016

30% of Nigeria’s forex was spent on fuel importation in 2016

The Central Bank of Nigeria (CBN) spent 30% of the country’s​ foreign exchange earnings on importing petroleum products in 2016. Minister of state for...


2 reasons why newly introduced CBN form NXP is bad for Nigeria’s exports

2 reasons why newly introduced CBN form NXP is bad for Nigeria’s exports

Good idea...


CBN amends investor window rules: The nitty gritty

CBN amends investor window rules: The nitty gritty

More and more...


As CBN continues “pumping” dollars, no of BDC’s in the country rises to 3,239

As CBN continues “pumping” dollars, no of BDC’s in the country rises to 3,239

Not too...


Stanbic IBTC Money market fund suffers highest weekly outflow since 2009

Stanbic IBTC Money market fund suffers highest weekly outflow since 2009

IBTC money market fund— Nigeria’s largest fund by assets, with N102.2 billion in assets as at May 5th, 2017—saw N9.7 billion in outflows over...


CBN has sold over $4 billion defending the Naira since February 2017

CBN has sold over $4 billion defending the Naira since February 2017

The Central Bank of Nigeria (CBN) seems determined to continue with its intervention in the country’s foreign exchange markets, as it has made arrangements...


Wapic Insurance to raise N10 billion in fresh capital

Wapic Insurance to raise N10 billion in fresh capital

Share holders of Wapic insurance at its Annual General Meeting (AGM) gave management approval to raise up to N10 billion in fresh capital. The...


AMCON made a N254 billion loss in 2016

AMCON made a N254 billion loss in 2016

MD of the bad bank Mohammed Kuru said the possibilities of an AMCON II were unlikely. Kuru was of the opinion that doing so,...


#PMBMidterm:  Here is a snap summary of how the banking industry has fared?

#PMBMidterm: Here is a snap summary of how the banking industry has fared?

Not as well as...


Staco Insurance raises N1.6 billion via private placement

Staco Insurance raises N1.6 billion via private placement

Back in February, 2017 Nairametrics analysts reported heavy trades on the Nigerian Stock Exchange for Staco Insurance, a company that hitherto had next to...


Okomu Oil Palm to spend N250 million on CSR this year

Okomu Oil Palm to spend N250 million on CSR this year

Nairametrics| Okomu Oil palm plans to spend N250 million on Corporate Social Responsibility (CSR) in 2017. Here is the summary of the company’s CSR...


These 2 pointers indicate that the MPC will sit tight, do nothing and hope for the best

These 2 pointers indicate that the MPC will sit tight, do nothing and hope for the best

A repeat of the last 4...


5 takeaways from CBN’s February Banking Report

5 takeaways from CBN’s February Banking Report

Nairametrics| The Central Bank of Nigeria (CBN) has released its February report on the banking industry. With not so many reasons for the average...


Banks to now charge N600 (up from N50) as annual ATM card maintenance fee

Banks to now charge N600 (up from N50) as annual ATM card maintenance fee

Recently revised bank charges by the Central Bank of Nigeria will take effect this month. The CBN had earlier issued a circular concerning the...


Top Nigerian Banks spend N6.1 billion as executive compensation for 2016

Top Nigerian Banks spend N6.1 billion as executive compensation for 2016

Ten of the largest quoted commercial banks in Nigeria incurred a total of about N6.1 billion in executive compensation for the financial year ended...


Alert: Microsoft announces plans to deliver Cloud services from Datacentres in Africa

Alert: Microsoft announces plans to deliver Cloud services from Datacentres in Africa

Microsoft’s new investment will provide highly available, scalable, and secure cloud services across Africa with the option of data residency in South Africa (...


Medview Airlines says EU ban is not total

Medview Airlines says EU ban is not total

Nairametrics In a statement issued yesterday on its twitter handle, Medview airlines says its EU operations are operating as scheduled as the ban is a...


CBN’s list of 36 imported items valid for forex explained

CBN’s list of 36 imported items valid for forex explained

More clarification at...


The Nigerian Economy Today 17/5/2017 – EU Commission bans Nigeria’s Medview Airline from European Airspace

The Nigerian Economy Today 17/5/2017 – EU Commission bans Nigeria’s Medview Airline from European Airspace

Summary of the top business, economic and political news in Nigeria today.    Over $163.7m was spent to hire pre-shipment agents to monitor Nigeria’s...


The Senate claims these 38 govt. agencies are spending carte blanche

The Senate claims these 38 govt. agencies are spending carte blanche

Then who...