Exclusives Archives - Nairametrics https://nairametrics.com/category/exclusives/ Destination for Business news and analysis from Africa's largest economy Sun, 18 Aug 2024 10:10:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Exclusives Archives - Nairametrics https://nairametrics.com/category/exclusives/ 32 32 201037849 Meet top 10 powerful CFOs of Nigeria’s largest companies by market cap  https://nairametrics.com/2024/08/18/meet-top-10-powerful-cfos-of-nigerias-largest-companies-by-market-cap/ https://nairametrics.com/2024/08/18/meet-top-10-powerful-cfos-of-nigerias-largest-companies-by-market-cap/#respond Sun, 18 Aug 2024 10:08:01 +0000 https://nairametrics.com/?p=496031 Despite Nigeria's challenging economic environment, characterized by persistent naira devaluation, high inflation, and socio-economic instability, the country's leading companies have achieved laudable market capitalizations.  

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]]> https://nairametrics.com/2024/08/18/meet-top-10-powerful-cfos-of-nigerias-largest-companies-by-market-cap/feed/ 0 496031 Forex reserves drop by $342.97 million, first time in four months  https://nairametrics.com/2024/08/18/forex-reserves-drop-by-342-97-million-first-time-in-four-months/ https://nairametrics.com/2024/08/18/forex-reserves-drop-by-342-97-million-first-time-in-four-months/#respond Sun, 18 Aug 2024 09:25:59 +0000 https://nairametrics.com/?p=496042 Nigeria's external reserves have dipped by approximately $342.97 million over a period of nine days. 

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]]> https://nairametrics.com/2024/08/18/forex-reserves-drop-by-342-97-million-first-time-in-four-months/feed/ 0 496042 Will Ecobank Nigeria’s lagging performance impact group prospects?  https://nairametrics.com/2024/08/18/will-ecobank-nigerias-lagging-performance-impact-group-prospects/ https://nairametrics.com/2024/08/18/will-ecobank-nigerias-lagging-performance-impact-group-prospects/#respond Sun, 18 Aug 2024 08:41:42 +0000 https://nairametrics.com/?p=496028 As Ecobank Group continues to navigate the complexities of the African banking landscape, its Nigerian operations are increasingly becoming a point of concern, consistently lagging behind the Group’s other regions in terms of performance. 

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]]> https://nairametrics.com/2024/08/18/will-ecobank-nigerias-lagging-performance-impact-group-prospects/feed/ 0 496028 CJN: Five landmark decisions by Kudirat Kekere-Ekun influencing Nigerian Court proceedings  https://nairametrics.com/2024/08/18/cjn-five-landmark-decisions-by-kudirat-kekere-ekun-influencing-nigerian-court-proceedings/ https://nairametrics.com/2024/08/18/cjn-five-landmark-decisions-by-kudirat-kekere-ekun-influencing-nigerian-court-proceedings/#respond Sun, 18 Aug 2024 05:45:00 +0000 https://nairametrics.com/?p=496024 The Supreme Court of Nigeria is one of the country's key policy-making institutions, constantly under the spotlight, particularly with the nomination of Justice Kudirat Motonmori Kekere-Ekun as Chief Justice of Nigeria.  

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]]> https://nairametrics.com/2024/08/18/cjn-five-landmark-decisions-by-kudirat-kekere-ekun-influencing-nigerian-court-proceedings/feed/ 0 496024 Nigerian Companies spend over N170 billion on Travel, Hotel expenses up 51% https://nairametrics.com/2024/08/17/nigerian-companies-spend-over-n170-billion-on-travel-hotel-as-inflation-climbs/ https://nairametrics.com/2024/08/17/nigerian-companies-spend-over-n170-billion-on-travel-hotel-as-inflation-climbs/#comments Sat, 17 Aug 2024 16:31:41 +0000 https://nairametrics.com/?p=495997 According to our research analysis, companies spent a whopping N174 billion on travel and accomodation expenses in 2023, up from the N115 billion incurred in the same period in 2022.

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]]> https://nairametrics.com/2024/08/17/nigerian-companies-spend-over-n170-billion-on-travel-hotel-as-inflation-climbs/feed/ 1 495997 Osun government, MTN Nigeria lock horns over N1 billion Right of Way fee demand  https://nairametrics.com/2024/08/16/osun-government-mtn-nigeria-lock-horns-over-n1-billion-right-of-way-fee-demand/ https://nairametrics.com/2024/08/16/osun-government-mtn-nigeria-lock-horns-over-n1-billion-right-of-way-fee-demand/#respond Fri, 16 Aug 2024 16:45:47 +0000 https://nairametrics.com/?p=495967 Tech giant, MTN Nigeria, is currently locked in a dispute with the Osun State government over an alleged outstanding Right of Way (RoW) fee and penalty worth over N1 billion.  

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]]> https://nairametrics.com/2024/08/16/osun-government-mtn-nigeria-lock-horns-over-n1-billion-right-of-way-fee-demand/feed/ 0 495967 Elon Musk’s Starlink is building Ground Stations in Lagos, Ogun and Rivers State to boost connectivity   https://nairametrics.com/2024/08/16/elon-musks-starlink-is-building-ground-stations-in-lagos-ogun-and-rivers-state-to-boost-connectivity/ https://nairametrics.com/2024/08/16/elon-musks-starlink-is-building-ground-stations-in-lagos-ogun-and-rivers-state-to-boost-connectivity/#respond Fri, 16 Aug 2024 11:58:14 +0000 https://nairametrics.com/?p=495949 Elon Musk’s internet company, Starlink is setting up ground stations across Nigeria in a strategic move aimed at enhancing connectivity in the country. 

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]]> https://nairametrics.com/2024/08/16/elon-musks-starlink-is-building-ground-stations-in-lagos-ogun-and-rivers-state-to-boost-connectivity/feed/ 0 495949 Nigeria eyes $500 million World Bank loan to reduce staffing gaps in education, health sectors  https://nairametrics.com/2024/08/16/nigeria-eyes-500-million-world-bank-loan-to-reduce-staffing-gaps-in-education-health-sectors/ https://nairametrics.com/2024/08/16/nigeria-eyes-500-million-world-bank-loan-to-reduce-staffing-gaps-in-education-health-sectors/#respond Fri, 16 Aug 2024 08:55:06 +0000 https://nairametrics.com/?p=495927 Nigeria is on the verge of securing a $500 million loan from the World Bank, a significant financial boost aimed at addressing critical challenges in the country’s education and healthcare sectors. 

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]]> https://nairametrics.com/2024/08/16/nigeria-eyes-500-million-world-bank-loan-to-reduce-staffing-gaps-in-education-health-sectors/feed/ 0 495927 Consumer Goods Companies report reduced margins in the first half of 2024, blame higher production   https://nairametrics.com/2024/08/16/consumer-goods-companies-report-reduced-margins-in-the-first-half-of-2024-blame-higher-production/ https://nairametrics.com/2024/08/16/consumer-goods-companies-report-reduced-margins-in-the-first-half-of-2024-blame-higher-production/#respond Fri, 16 Aug 2024 07:53:24 +0000 https://nairametrics.com/?p=495908 Consumer goods companies listed on the Nigerian Stock Exchange (NGX) reported a significant uptick in their cost of production in the first half of the year.  

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]]> https://nairametrics.com/2024/08/16/consumer-goods-companies-report-reduced-margins-in-the-first-half-of-2024-blame-higher-production/feed/ 0 495908 Top 10 most expensive states to live in Nigeria in July 2024  https://nairametrics.com/2024/08/16/top-10-most-expensive-states-to-live-in-nigeria-in-july-2024/ https://nairametrics.com/2024/08/16/top-10-most-expensive-states-to-live-in-nigeria-in-july-2024/#respond Fri, 16 Aug 2024 07:10:09 +0000 https://nairametrics.com/?p=495902 The cost of living in Nigeria is high but stabilizing, with July 2024 Consumer Price Index (CPI) data showing a decrease in inflation rates across both all items and food.   

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]]> https://nairametrics.com/2024/08/16/top-10-most-expensive-states-to-live-in-nigeria-in-july-2024/feed/ 0 495902 Nigerian Court refuses Police request to reverse billions allegedly withdrawn by POS agents in 2023 glitch   https://nairametrics.com/2024/08/15/exclusive-nigerian-court-refuses-igps-request-to-reverse-billions-allegedly-withdrawn-from-flutterwave-in-2023-glitch/ https://nairametrics.com/2024/08/15/exclusive-nigerian-court-refuses-igps-request-to-reverse-billions-allegedly-withdrawn-from-flutterwave-in-2023-glitch/#respond Thu, 15 Aug 2024 07:28:21 +0000 https://nairametrics.com/?p=495830 A Federal High Court in Abuja has denied a motion by the Inspector General of Police (IGP) seeking an order to compel approximately twelve banks and financial institutions to reverse billions of naira that were allegedly fraudulently withdrawn from a Flutterwave account at Wema Bank.

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]]> https://nairametrics.com/2024/08/15/exclusive-nigerian-court-refuses-igps-request-to-reverse-billions-allegedly-withdrawn-from-flutterwave-in-2023-glitch/feed/ 0 495830 Top 10 Fastest Growing Film Industries in the World  https://nairametrics.com/2024/08/14/top10-fastest-growing-film-industries-in-the-world/ https://nairametrics.com/2024/08/14/top10-fastest-growing-film-industries-in-the-world/#respond Wed, 14 Aug 2024 12:00:32 +0000 https://nairametrics.com/?p=495751 By the end of 2023, the global box office had risen to an estimated $33.9 billion, representing a significant 30.5% increase from the previous year. However, this figure remains 15% below the average revenue of the three pre-pandemic years (2017-2019). Projections for 2024 suggest a potential decline to $31.5 billion, largely due to disruptions from […]

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]]> https://nairametrics.com/2024/08/14/top10-fastest-growing-film-industries-in-the-world/feed/ 0 495751 Lagosians prefer Ikoyi, Victoria Island for rentals  https://nairametrics.com/2024/08/14/lagosians-prefer-ikoyi-victoria-island-for-rentals/ https://nairametrics.com/2024/08/14/lagosians-prefer-ikoyi-victoria-island-for-rentals/#respond Wed, 14 Aug 2024 07:22:08 +0000 https://nairametrics.com/?p=495748 Lagos residents from neighborhoods like Gbagada, Surulere, Maryland, Yaba, and Ajah are increasingly drawn to the upscale areas of Ikoyi and Victoria Island when considering rental options.  

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]]> https://nairametrics.com/2024/08/14/lagosians-prefer-ikoyi-victoria-island-for-rentals/feed/ 0 495748 Concerns mount as NERC presses DisCos to buy power directly from Gencos  https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/ https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/#respond Tue, 13 Aug 2024 11:02:04 +0000 https://nairametrics.com/?p=495690 The Nigerian Electricity Regulatory Commission's (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract with energy generation companies (GenCos) has sparked significant controversies in the power sector. 

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]]> https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/feed/ 0 495690 Court reverses TAJ Bank’s customers’ N139 Million ‘unlawfully’ credited due to system glitch https://nairametrics.com/2024/08/13/court-reverses-taj-banks-customers-n139-million-unlawfully-credited-due-to-system-glitch/ https://nairametrics.com/2024/08/13/court-reverses-taj-banks-customers-n139-million-unlawfully-credited-due-to-system-glitch/#respond Tue, 13 Aug 2024 08:57:56 +0000 https://nairametrics.com/?p=495681 The Federal High Court, Abuja, has granted an interim freezing order against several accounts in Fair Money Micro-finance Bank Ltd, Palm Pay Limited, and Opay Digital Services Limited, mandating the organizations to reverse N139,630,000 credited to some of their customers and account holders as a result of a "system glitch" at TAJ Bank Ltd.  

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]]> https://nairametrics.com/2024/08/13/court-reverses-taj-banks-customers-n139-million-unlawfully-credited-due-to-system-glitch/feed/ 0 495681 Nine firms purchase $25.76 million from CBN’s retail Dutch auction to repay loans  https://nairametrics.com/2024/08/12/nine-firms-purchase-25-76-million-from-cbns-retail-dutch-auction-to-repay-loans/ https://nairametrics.com/2024/08/12/nine-firms-purchase-25-76-million-from-cbns-retail-dutch-auction-to-repay-loans/#respond Mon, 12 Aug 2024 18:27:53 +0000 https://nairametrics.com/?p=495663 The Central Bank of Nigeria (CBN) conducted a Retail Dutch Auction on August 6, 2024, where nine companies purchased a combined total of $25.76 million to meet their loan repayment obligations.  

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]]> https://nairametrics.com/2024/08/12/nine-firms-purchase-25-76-million-from-cbns-retail-dutch-auction-to-repay-loans/feed/ 0 495663 Nigerian states spend N139.92 billion servicing external debt in first six months of 2024  https://nairametrics.com/2024/08/12/nigerian-states-spend-n139-92-billion-servicing-external-debt-in-first-six-months-of-2024/ https://nairametrics.com/2024/08/12/nigerian-states-spend-n139-92-billion-servicing-external-debt-in-first-six-months-of-2024/#respond Mon, 12 Aug 2024 05:12:18 +0000 https://nairametrics.com/?p=495608 Nigerian states have collectively spent about N139.92 billion on servicing external debt in the first half of 2024. 

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]]> https://nairametrics.com/2024/08/12/nigerian-states-spend-n139-92-billion-servicing-external-debt-in-first-six-months-of-2024/feed/ 0 495608 Top 8 CEOs behind most capitalized Health Care Companies in Nigeria  https://nairametrics.com/2024/08/11/top-8-ceos-behind-most-capitalized-health-care-companies-in-nigeria/ https://nairametrics.com/2024/08/11/top-8-ceos-behind-most-capitalized-health-care-companies-in-nigeria/#respond Sun, 11 Aug 2024 11:08:38 +0000 https://nairametrics.com/?p=495581 Nigeria’s healthcare sector comprises several subsectors, including healthcare manufacturing, pharmaceuticals, hospitals, and laboratories. 

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]]> https://nairametrics.com/2024/08/11/top-8-ceos-behind-most-capitalized-health-care-companies-in-nigeria/feed/ 0 495581 Dangote Group purchases $105.33 million from latest CBN’s Retail Dutch Auction  https://nairametrics.com/2024/08/10/dangote-group-purchases-105-33-million-from-latest-cbns-retail-dutch-auction/ https://nairametrics.com/2024/08/10/dangote-group-purchases-105-33-million-from-latest-cbns-retail-dutch-auction/#respond Sat, 10 Aug 2024 14:05:20 +0000 https://nairametrics.com/?p=495562 Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN), purchasing at least $105.33 million in successful foreign exchange (FX) bids. 

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]]> https://nairametrics.com/2024/08/10/dangote-group-purchases-105-33-million-from-latest-cbns-retail-dutch-auction/feed/ 0 495562 10 things you need to know about the proposed Providus-Unity Bank merger https://nairametrics.com/2024/08/10/10-things-you-need-to-know-about-the-proposed-providus-unity-bank-merger/ https://nairametrics.com/2024/08/10/10-things-you-need-to-know-about-the-proposed-providus-unity-bank-merger/#respond Sat, 10 Aug 2024 09:58:44 +0000 https://nairametrics.com/?p=495556 On August 6, 2024, the Central Bank of Nigeria approved the merger of Unity Bank and Providus Bank.

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]]> https://nairametrics.com/2024/08/10/10-things-you-need-to-know-about-the-proposed-providus-unity-bank-merger/feed/ 0 495556