Nairametrics

  • newNigerian Stocks: Daily gainers and losers (19/10/2017)
    Daily performance from the Nigerian Stock Exchange for the trading day ended 19th October 2017. Nigerian stocks closed trading on a positive note as the all share index rose 0.01%. Market capitalization at the close of trading was N12,614,047,589,580
    - 52 mins ago 19 oktoober 17, 3:43pm -
  • Even judges have condemned cryptocurrencies as ‘disruptive technology’
    On a global scale, there is a silent acknowledgement of the fact that cryptocurrencies are and will continue to gain more relevance. This is with the exception of Nigeria. For the most part, financial regulatory authorities have continued to out thei
    - 2 hours ago 19 oktoober 17, 2:24pm -
  • How to start a Nigerian business with (almost) no money
    Coming up with a great idea for a business isn’t exactly an easy task, because a lot of great ideas are already being executed and a number of seemingly good ideas don’t actually satisfy a need that people have. But once in a while, you get that
    - 3 hours ago 19 oktoober 17, 2:01pm -
  • Tracker: Bank results released in 2017
    The table below is a summary of results released by banks quoted on the Nigerian Stock Exchange. The list is limited to banks in the Nigerian Stock Exchange and is updated as new results are published. This list includes the following; Gross Earning
    - 3 hours ago 19 oktoober 17, 2:00pm -
  • List of results released on the Nigerian Stock Exchange (Updated October, 2017)
    The table below contains a listing of all the results released in 2017 for companies quoted on the Nigerian stock exchange. It includes full year and quarterly results released from time to time and published on the website of the NSE. The table disp
    - 3 hours ago 19 oktoober 17, 1:40pm -
  • Joseph Makoju appointed Acting MD Dangote Cement Plc
    In a notice sent to the Nigerian Stock Exchange (NSE) today, Dangote Cement Plc has announced the retirement of its current Managing Director, Mr Onne Van Weijde at the end of 2017. Van Weijde will be returning to his home country on completion of hi
    - 3 hours ago 19 oktoober 17, 1:07pm -
  • Zenith Bank 9 month 2017 earnings jump 52.8% to N581 billion
    Zenith Bank today released its financial statements for the 9 months ended September 2017. Gross Earnings increased from N380 billion in 2016 to N581 billion in 2017. Profit before tax increased from N116 billion in 2016 to N152 billion in 2017. Prof
    - 4 hours ago 19 oktoober 17, 12:23pm -
  • How to Manage Your Finances Smart: Money Saving Tips for Students
    Becoming a student is a very responsible step in the life of each young person. One has to study, preferably to work, to spend enough time with the family and friends, ja, of course, manage the finances smart. The following article will help you wit
    - 4 hours ago 19 oktoober 17, 12:05pm -
  • NIGERIA: Daily Parallel Market Exchange Rate (October 19, 2017)
    Parallel market exchange rate between the Naira and three of the world's major currencies.The post NIGERIA: Daily Parallel Market Exchange Rate (October 19, 2017) appeared first on Nairametrics.
    - 5 hours ago 19 oktoober 17, 11:50olen -
  • Senate says its has retrieved over N140 billion unremitted Customs funds
    According to the Senate Joint Committee on Customs, Excise and Tariffs; and Marine Transport, it had recovered over N140 billion of un-remitted Customs in its N30 trillion alleged loss in the country’s Customs agency. It mentioned this in an interi
    - 5 hours ago 19 oktoober 17, 11:47olen -
  • Dangote Cement 9-month 2017 revenues up 36.4% to N603 billion
    Dangote Cement Plc today released its financial statements for the 9months ended September 2017. Revenue went up from N442 billion in 2016 to N603 billion in 2017. Profit before tax also increased from N148 billion in 2016 to N220 billion in 2017.
    - 5 hours ago 19 oktoober 17, 11:41olen -
  • A Nigerian oil major is contemplating joining the refining space
    Senior Vice President of the Nigerian Agip Oil Company (NAOC) Masimmo Insulla has said the company had begun feasibility studies for a 110,000 barrel per day refinery to be located in the Niger Delta. Insulla made the comments during a workshop held
    - 8 hours ago 19 oktoober 17, 8:45olen -
  • Former NLNG boss is not happy with removal of Pioneer Status
    The former Managing Director of the Nigerian Liquefied Natural Gas Limited (NLNF), Mr. Godswill Ihetu has weighted in on the controversial Pioneer Tax incentives available to corporates in Nigeria. According to him, the removal of the tax incentives
    - 9 hours ago 19 oktoober 17, 8:03olen -
  • World Bank swallows its words on Nigeria again
    In yet another about turn, the World Bank has denied media reports that it had faulted the Federal Government’s plan to increase external financing to fund infrastructure spending. The bank said its Senior Economist for Nigeria Gloria Joseph Raji
    - 10 hours ago 19 oktoober 17, 6:52olen -
  • 6 months after launch, Is ALAT a success or a failure?
    Last May, Wema Bank surprised many when it announced that it was pioneering the launch of a new digital bank, which it named Alat. It will likely go down as one of the best tech product in the fin tech space in recent years. Just as most banks invest
    - 16 hours ago 19 oktoober 17, 12:16olen -
  • What SEC might do to the Oando Parties after Forensic Audit
    The Security and Exchange Commission, SEC, on Wednesday issued instruction to the Nigerian Stock Exchange to place the shares of Oando Plc on technical suspension. The exchange was further requested to place the stock on full suspension for 48 hours
    - 17 hours ago 18 oktoober 17, 11:19pm -
  • GT Bank earns whopping N66 billion from Treasury Bills
    Nigeria’s largest commercial bank in terms of market capitalization, GT Bank released its 2017 9 months results on Wednesday. The bank reported a pre-tax profit of N150 billion, the highest it has ever reported in the first 9 months of any year. A
    - 19 hours ago 18 oktoober 17, 9:21pm -
  • House of Representatives wade into the Intels vs NPA tussle
    Members of the House of Representatives have stepped into the tussle between the Nigerian Ports Authority and Intels. The assembly members have asked the agency to halt the termination of its pilotage agreement with Intels Ltd, pending its conclusion
    - 19 hours ago 18 oktoober 17, 9:17pm -
  • Here is what Oando had to say about SEC’s suspension
    Oando Plc, on Wednesday issued a press release responding to SEC’s suspension of trading of its stock on the Nigerian Stock Exchange. The embattled oil company has been embroiled in a shareholder battle with one of its indirect shareholder, Gabriel
    - 20 hours ago 18 oktoober 17, 8:41pm -
  • Nigerian Stocks: Daily gainers and losers (18/10/2017)
    Daily performance from the Nigerian Stock Exchange for the trading day ended 18th October 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -0.08%. Market capitalization at the close of trading was N12,612,624,
    - 1 day ago 18 oktoober 17, 3:52pm -
  • GT Bank 9Months 2017 profit before tax hits N150 billion
    Tier one lender, GT Bank today released its financial statements for the 9 months ended September 2017. Net interest income increased by 43% from N132.7 billion in 2016 to N189.6 billion in 2017. Profit before tax also increased by 9% from N137 billi
    - 1 day ago 18 oktoober 17, 3:48pm -
  • New POS technology launches in Lagos
    Global Accelerex, a fully licensed and certified Payment Terminal Service Provider (PTSP) has launched a new product Nexgo G2, an innovative point of sale terminal (POS). The product is expected to combine portability with efficiency, durability and
    - 1 day ago 18 oktoober 17, 2:29pm -
  • The first Ford assembly plant in Sub-Saharan Africa has been unveiled
    After almost 2 years of building, Coscharis Motors, Nigerian distributor of the Ford automobile brand, has unveiled a vehicle assembly plant in Lagos worth about N5 billion for the production of the brand in the country. The assembly plant is the fir
    - 1 day ago 18 oktoober 17, 1:30pm -
  • List of Dividends announced so far in 2017 (Updated October 18, 2017)
    Nairametrics| As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by their respective board of directors. It is also important to track these announcements to know who is eligible to c
    - 1 day ago 18 oktoober 17, 10:20olen -
  • U-turn as SEC suspends Oando Plc shares over Volpi
    In a notice dated today the 18th of October 2017, sent by the Nigerian Stock Exchange, dealing members (stock brokers) were instructed to place Oando Plc shares on full suspension for 48 hours. Effective for forty-eight (48) hours from today, 18 Octo
    - 1 day ago 18 oktoober 17, 10:12olen -
  • This central bank governor calls cryptocurrencies a ponzi scheme
    Brazilian central bank governor Ilan Goldfjan has called cryptocurrencies a ponzi scheme. He however said there was a need to distinguish the currencies from the underlying blockchain technology. The bitcoin is a financial asset with no ballast that
    - 1 day ago 18 oktoober 17, 10:08olen -
  • Here’s why the Senate wants President Buhari to reduce Fashola’s portfolio
    President Muhammadu Buhari has been urged by the Senate to remove the power ministry from the portfolio being handled by Babatunde Fashola. This was stated in a motion titled Need to Establish and Delegate Special Purpose Vehicles to Execute and Oper
    - 1 day ago 18 oktoober 17, 8:50olen -
  • BRIEF: Forex reserves hit 34-month high as inflation slows yet again
    For several months, the government was probably dreading the unveiling of the current indicators of the Nigerian economy as the country’s economy sunk into its first recession in over 25 years and the forex crunch bit hard- even on the government c
    - 1 day ago 18 oktoober 17, 6:53olen -
  • Ontario Oil claims innocence in N1.96 billion legal dispute
    The loveless triangle between Union Bank of Nigeria, the Economic and Financial Crimes Commission (EFCC) and Ontario Oil and Gas Limited is getting ever more twisted in the N1.96 billion legal dispute with the claim by the oil company that it does no
    - 1 day ago 18 oktoober 17, 6:35olen -
  • Chart of the day: Real Estate based funds vs Equity Based Funds
    The chart below depicts the growth in Net Asset Value of Real Estate Based funds versus Equity Based funds in Nigeria every month since January 2013. The chart speaks for itself, however here is our own interpretation of what we see; The equities
    - 1 day ago 18 oktoober 17, 5:34olen -

BusinessDay

  • newMTEF: FG targets N11.983trn in 2018, 30% capital expenditure
    Federal Government is targeting N11.983 trillion revenue from oil and non-oil sources in 2018 fiscal year. From the sum, N6,128,290,144,686 is expected from oil sector while N5,596,745,945,657 is expected from non-oil subsector for the incoming ye
    - 32 mins ago 19 oktoober 17, 4:03pm -
  • newShell lifts force majeure on Nigerian Bonny Light crude exports
    Royal Dutch Shell’s subsidiary in Nigeria, SPDC, lifted force majeure on Bonny Light crude oil exports at noon local time (1100 GMT) on Thursday, a spokesman said. Shell declared force majeure one month ago following the shutdown of the Nembe Cr
    - 45 mins ago 19 oktoober 17, 3:50pm -
  • Introducing Life with Kayode Fahm. A pan African documentary series
    About Life With Kaydoe Fahm Life with Kayode Fahm is a 13 episode motivational series showcasing Kayode Fahm’s travels throughout Africa as a motivational speaker, classical guitarist and martial artist seeking to inspire progressive change. Eac
    - 2 hours ago 19 oktoober 17, 2:21pm -
  • Osinbajo urges artisanal miners to expand trade horizon

    - 2 hours ago 19 oktoober 17, 2:10pm -
  • Plateau killings: NAF deploys air assets, personnel for peace
    The Nigerian Air Force (NAF) has deployed some of its air assets and personnel to support Operation ‘Safe Haven’ in Jos the Plateau State capital. This is in a bid to maintain peace, curtail senseless killings, spread of violence and also en
    - 3 hours ago 19 oktoober 17, 1:53pm -
  • ECOWAS partners agencies on space science, geomatics
    The Economic Community of West African States (ECOWAS) is partnering national space agencies and related technical bodies towards evolving an enduring strategy on space science and geomatics. A statement issued by the Communications Officer of
    - 4 hours ago 19 oktoober 17, 12:20pm -

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