Nairametrics, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Sun, 04 Aug 2024 06:25:21 +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 Nairametrics, Author at Nairametrics 32 32 201037849 Full Speech: President Bola Tinubu address to the Nation on August 4th 2024 https://nairametrics.com/2024/08/04/full-speech-president-bola-tinubu-address-to-the-nation-on-august-4th-2024/ https://nairametrics.com/2024/08/04/full-speech-president-bola-tinubu-address-to-the-nation-on-august-4th-2024/#respond Sun, 04 Aug 2024 06:23:26 +0000 https://nairametrics.com/?p=495164 This is the full broadcast by Nigeria's President Bola Ahmed Tinubu to Nigeria on the 4th of August 2024.

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]]> https://nairametrics.com/2024/08/04/full-speech-president-bola-tinubu-address-to-the-nation-on-august-4th-2024/feed/ 0 495164 Analysis: Has Nigeria’s exchange rate hit “Price Discovery”? https://nairametrics.com/2024/05/19/analysis-has-nigerias-exchange-rate-hit-price-discovery/ https://nairametrics.com/2024/05/19/analysis-has-nigerias-exchange-rate-hit-price-discovery/#respond Sun, 19 May 2024 11:27:26 +0000 https://nairametrics.com/?p=489378 Two weeks of data from the FMDQ NAFEX closing rate suggest a new pattern is evolving with Nigeria’s exchange rate as Nigerians grapple with local currency depreciation.

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]]> https://nairametrics.com/2024/05/19/analysis-has-nigerias-exchange-rate-hit-price-discovery/feed/ 0 489378 Daar Communications reports N1.6 Billion loss, revalues assets https://nairametrics.com/2024/05/09/daar-communications-reports-n1-6-billion-loss-revalues-assets/ https://nairametrics.com/2024/05/09/daar-communications-reports-n1-6-billion-loss-revalues-assets/#respond Thu, 09 May 2024 14:29:43 +0000 https://nairametrics.com/?p=488441 Daar Communications Plc, the parent company of AIT, disclosed a significant financial downturn in its latest annual report, posting a loss of N1.6 billion for the year ended December 31, 2023.

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]]> https://nairametrics.com/2024/05/09/daar-communications-reports-n1-6-billion-loss-revalues-assets/feed/ 0 488441 Access Corporation vests over 23 million shares to top executives https://nairametrics.com/2024/05/08/access-corporation-vests-over-23-million-shares-to-top-executives/ https://nairametrics.com/2024/05/08/access-corporation-vests-over-23-million-shares-to-top-executives/#respond Wed, 08 May 2024 06:31:21 +0000 https://nairametrics.com/?p=488218 Access Corporation, Nigeria’s largest bank by total assets, recently awarded share options worth approximately N427 million to several key executives under its Restricted Share Performance Plan (RSPP).

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]]> https://nairametrics.com/2024/05/08/access-corporation-vests-over-23-million-shares-to-top-executives/feed/ 0 488218 BREAKING: GTCO records largest ever first quarter profit in Nigerian Banking History https://nairametrics.com/2024/05/04/gtco-records-largest-ever-first-quarter-profit-in-nigerian-banking-history/ https://nairametrics.com/2024/05/04/gtco-records-largest-ever-first-quarter-profit-in-nigerian-banking-history/#respond Sat, 04 May 2024 06:52:40 +0000 https://nairametrics.com/?p=487855 Guaranty Trust Holding Company (GTCO), one of Nigeria’s most efficiently run bank, has just announced the largest ever pre-tax profits in Nigerian banking history.

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]]> https://nairametrics.com/2024/05/04/gtco-records-largest-ever-first-quarter-profit-in-nigerian-banking-history/feed/ 0 487855 NGX Turbulence, MRS Oil’s Delisting, Stanbic IBTC Raises Capital! https://nairametrics.com/2024/04/29/ngx-turbulence-mrs-oils-delisting-stanbic-ibtc-raises-capital/ https://nairametrics.com/2024/04/29/ngx-turbulence-mrs-oils-delisting-stanbic-ibtc-raises-capital/#respond Mon, 29 Apr 2024 12:36:13 +0000 https://nairametrics.com/?p=487278 This week on “Follow the Money” with Ugodre and Uade Ahimie, we welcomed Uche Joshua Ifeakanwa, Managing Director of RUUSTALLION NIG LTD, to discuss the latest market movements. The week was marked by losses driven primarily by banks amid concerns over the Central Bank of Nigeria’s (CBN) recapitalization measures.The All-Share Index (ASI) depreciated by 1.39%, […]

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]]> https://nairametrics.com/2024/04/29/ngx-turbulence-mrs-oils-delisting-stanbic-ibtc-raises-capital/feed/ 0 487278 Harnessing Nigeria’s Energy Sector to Supercharge our Economic Growth https://nairametrics.com/2024/04/29/harnessing-nigerias-energy-sector-to-supercharge-our-economic-growth/ https://nairametrics.com/2024/04/29/harnessing-nigerias-energy-sector-to-supercharge-our-economic-growth/#respond Mon, 29 Apr 2024 11:21:17 +0000 https://nairametrics.com/?p=487246 At Nairametrics' webinar on Nigeria's energy sector, experts discussed decentralizing the grid and enhancing renewable energy collaborations. Professor Yemi Oke and Mr. Olabode Sowunmi highlighted the need for improved transmission efficiency and realistic pricing to attract investments.

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]]> https://nairametrics.com/2024/04/29/harnessing-nigerias-energy-sector-to-supercharge-our-economic-growth/feed/ 0 487246 These are the cities where the richest people in Africa live – 2024 https://nairametrics.com/2024/04/29/these-are-the-cities-where-the-richest-people-in-africa-live-2024/ https://nairametrics.com/2024/04/29/these-are-the-cities-where-the-richest-people-in-africa-live-2024/#respond Mon, 29 Apr 2024 09:30:10 +0000 https://nairametrics.com/?p=487231 In a world where establishing and maintaining a billion-dollar fortune is a daunting challenge, Africa stands out as a unique arena. We look into the complexities and triumphs of Africa's wealthiest individuals.

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]]> https://nairametrics.com/2024/04/29/these-are-the-cities-where-the-richest-people-in-africa-live-2024/feed/ 0 487231 These CEOs led the best performing NGX stocks of Q1 2024! https://nairametrics.com/2024/04/25/these-ceos-led-the-best-performing-ngx-stocks-of-q1-2024-2/ https://nairametrics.com/2024/04/25/these-ceos-led-the-best-performing-ngx-stocks-of-q1-2024-2/#respond Thu, 25 Apr 2024 11:52:49 +0000 https://nairametrics.com/?p=486844 Meet the visionary CEOs behind the NGX's top-performing companies, driving unprecedented financial success.

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]]> https://nairametrics.com/2024/04/25/these-ceos-led-the-best-performing-ngx-stocks-of-q1-2024-2/feed/ 0 486844 Stocks Decline Amid Currency Fluctuations, Nestle Nigeria Reports Forex Losses https://nairametrics.com/2024/04/23/stocks-decline-amid-currency-fluctuations-nestle-nigeria-reports-forex-losses/ https://nairametrics.com/2024/04/23/stocks-decline-amid-currency-fluctuations-nestle-nigeria-reports-forex-losses/#respond Tue, 23 Apr 2024 11:16:27 +0000 https://nairametrics.com/?p=486607 This week on “Follow the Money,” our host Ugodre and Uade Ahimie were joined by Oladipo Ajayi, Head of Fixed Income at Chapel Denham, who provided valuable insights into the current market conditions. Stocks experienced another downward trend, with the All-Share Index dropping by 2.71% to close at 99,539.75 points, and market capitalization at 56.29 […]

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]]> https://nairametrics.com/2024/04/23/stocks-decline-amid-currency-fluctuations-nestle-nigeria-reports-forex-losses/feed/ 0 486607 Stocks Drop, Dividends Surge, and Canal+ Makes a Bold Move! https://nairametrics.com/2024/04/15/stocks-drop-dividends-surge-and-canal-makes-a-bold-move/ https://nairametrics.com/2024/04/15/stocks-drop-dividends-surge-and-canal-makes-a-bold-move/#respond Mon, 15 Apr 2024 11:24:59 +0000 https://nairametrics.com/?p=485817 This week on “Follow the Money with Ugodre,” we observed significant shifts in Nigeria’s financial landscape: The All-Share Index (ASI) dipped by 1%, suggesting a bearish trend in the stock market. Stockbrokers anticipate lower share prices, particularly due to expected bank capitalization measures. Three major Nigerian banks (UBA, GTCO, and Zenith Bank) are issuing substantial […]

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]]> https://nairametrics.com/2024/04/15/stocks-drop-dividends-surge-and-canal-makes-a-bold-move/feed/ 0 485817 Stock Market Slide, Bank Recapitalization Anxiety, and Fuel Subsidy Struggles! https://nairametrics.com/2024/04/08/stock-market-slide-bank-recapitalization-anxiety-and-fuel-subsidy-struggles/ https://nairametrics.com/2024/04/08/stock-market-slide-bank-recapitalization-anxiety-and-fuel-subsidy-struggles/#respond Mon, 08 Apr 2024 13:35:35 +0000 https://nairametrics.com/?p=485246 This week on “Follow the Money with Ugodre,” we delved into several key topics shaping Nigeria’s economic landscape. Firstly, we focused on the earnings blitz, particularly spotlighting manufacturing companies and the C. Despite notable efforts, the All-Share Index (ASI) experienced a slight depreciation of 0.08%, with the market capitalization also dropping to 59 trillion Naira. […]

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]]> https://nairametrics.com/2024/04/08/stock-market-slide-bank-recapitalization-anxiety-and-fuel-subsidy-struggles/feed/ 0 485246 United Capital posts record N11.4 billion profit, up 18% YoY https://nairametrics.com/2024/03/27/united-capital-posts-record-n11-4-billion-profit-up-18-yoy/ https://nairametrics.com/2024/03/27/united-capital-posts-record-n11-4-billion-profit-up-18-yoy/#respond Wed, 27 Mar 2024 18:02:18 +0000 https://nairametrics.com/?p=484202 United Capital Plc has reported its 2023 FY results showing a gross earnings of N45.9 billion up 71% from the year before.

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]]> https://nairametrics.com/2024/03/27/united-capital-posts-record-n11-4-billion-profit-up-18-yoy/feed/ 0 484202 Dilemma: Binance Executive Escapes Custody + Nigeria’s Debt Nears 100 Trillion Mark https://nairametrics.com/2024/03/25/dilemma-binance-executive-escapes-custody-nigerias-debt-nears-100-trillion-mark/ https://nairametrics.com/2024/03/25/dilemma-binance-executive-escapes-custody-nigerias-debt-nears-100-trillion-mark/#respond Mon, 25 Mar 2024 12:32:47 +0000 https://nairametrics.com/?p=483936 In this week’s episode of “Follow the Money,” Ugodre spoke about reports revealing that one of the detained Binance executives managed to escape authorities, adding a dramatic twist to the unfolding situation. It is said he was allowed to carry out his Islamic rights in one of the nearby mosques. Also, Ugodre spoke about Nigeria’s […]

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]]> https://nairametrics.com/2024/03/25/dilemma-binance-executive-escapes-custody-nigerias-debt-nears-100-trillion-mark/feed/ 0 483936 Nigeria’s Stock Market Buzz, ASI soars, GTCo hits top 5 gainers, Banks brace for capital surge https://nairametrics.com/2024/03/18/nigerias-stock-market-buzz-asi-soars-gtco-hits-top-5-gainers-banks-brace-for-capital-surge/ https://nairametrics.com/2024/03/18/nigerias-stock-market-buzz-asi-soars-gtco-hits-top-5-gainers-banks-brace-for-capital-surge/#respond Mon, 18 Mar 2024 13:43:11 +0000 https://nairametrics.com/?p=483210 This week on “Follow the Money,” Ugodre provided insights into the exceptional performance of Nigerian stocks, which have established themselves as the benchmark for investment. With no other investment avenue yet to outperform the stock market, investors continue to flock to Nigerian equities. The NGX witnessed a significant rise of 3.71%, closing at an impressive […]

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]]> https://nairametrics.com/2024/03/18/nigerias-stock-market-buzz-asi-soars-gtco-hits-top-5-gainers-banks-brace-for-capital-surge/feed/ 0 483210 1 Billion Dollars coming into Nigeria and why you should bet on the Naira https://nairametrics.com/2024/03/12/1-billion-dollars-coming-into-nigeria-and-why-you-should-bet-on-the-naira/ https://nairametrics.com/2024/03/12/1-billion-dollars-coming-into-nigeria-and-why-you-should-bet-on-the-naira/#comments Tue, 12 Mar 2024 09:14:08 +0000 https://nairametrics.com/?p=482438 In today’s edition of Follow The Money with Ugodre, we dive deep into the dynamics surrounding the dollar, with the CBN reporting an influx of over 1 billion dollars into the economy for the month of February alone. Additionally, our host also analyzed the ongoing upward trend in interest rates. More insights were given on […]

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]]> https://nairametrics.com/2024/03/12/1-billion-dollars-coming-into-nigeria-and-why-you-should-bet-on-the-naira/feed/ 1 482438 Meristem Values Transcorp Power at N305 per share, 27% higher than listed price https://nairametrics.com/2024/03/05/meristem-values-transcorp-power-at-n305-per-share-27-higher-than-listed-price/ https://nairametrics.com/2024/03/05/meristem-values-transcorp-power-at-n305-per-share-27-higher-than-listed-price/#respond Tue, 05 Mar 2024 15:03:53 +0000 https://nairametrics.com/?p=481775 Meristem Stockbrokers have recommended that investors purchase Transcorp Power Plc shares which closed its second day of trading with a 10% gain closing at N290.4.

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]]> https://nairametrics.com/2024/03/05/meristem-values-transcorp-power-at-n305-per-share-27-higher-than-listed-price/feed/ 0 481775 NGX Index dropped at 3.27% – Investors become bearish wary of the current stock market https://nairametrics.com/2024/03/05/ngx-index-dropped-at-3-27-investors-become-bearish-wary-of-the-current-stock-market/ https://nairametrics.com/2024/03/05/ngx-index-dropped-at-3-27-investors-become-bearish-wary-of-the-current-stock-market/#respond Tue, 05 Mar 2024 13:44:35 +0000 https://nairametrics.com/?p=481771 This week on “Follow the Money,” Ugodre delved into the latest developments in the financial markets. He discussed the significant drop in the NGX all share index by 3.37% as stocks experienced a bearish run, notably experiencing a pullback on Wednesday. Suspicions arose regarding the cause, with the increase in interest rates by the Central […]

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]]> https://nairametrics.com/2024/03/05/ngx-index-dropped-at-3-27-investors-become-bearish-wary-of-the-current-stock-market/feed/ 0 481771 The CBN sold an impressive N1.5 Trillion in Treasury Bills NGX ASI fell by 3.44 during the week https://nairametrics.com/2024/03/02/the-cbn-sold-an-impressive-n1-5-trillion-in-treasury-bills-ngx-asi-fell-by-3-44-during-the-week/ https://nairametrics.com/2024/03/02/the-cbn-sold-an-impressive-n1-5-trillion-in-treasury-bills-ngx-asi-fell-by-3-44-during-the-week/#respond Sat, 02 Mar 2024 15:06:11 +0000 https://nairametrics.com/?p=481527 This week on “Follow the Money” with Ugodre, our host Ugodre Obi-Chukwu had an insightful conversation with a special guest, Tosin Adewuye, the Executive Director of First Bank Plc. They discussed FirstBank’s recent recognition as Nigeria’s Best Corporate Bank at the Euromoney Awards for Excellence 2023. The discussion highlighted the bank’s dedication to financial inclusion […]

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]]> https://nairametrics.com/2024/03/02/the-cbn-sold-an-impressive-n1-5-trillion-in-treasury-bills-ngx-asi-fell-by-3-44-during-the-week/feed/ 0 481527 Naira is undervalued because of “distortions” – Cardoso https://nairametrics.com/2024/02/27/naira-is-undervalued-because-of-distortions-cardoso/ https://nairametrics.com/2024/02/27/naira-is-undervalued-because-of-distortions-cardoso/#respond Tue, 27 Feb 2024 13:55:55 +0000 https://nairametrics.com/?p=481084 The Central Bank Governor, Olayemi Cardoso has stated that he believes the naira is undervalued largely because of "distortions" emanating from bad behavior.

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]]> https://nairametrics.com/2024/02/27/naira-is-undervalued-because-of-distortions-cardoso/feed/ 0 481084