Idika Aja, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Sun, 18 Aug 2024 08:41:42 +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 Idika Aja, Author at Nairametrics 32 32 201037849 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 UACN performance review through Q2 2024: Is now the Time to Buy?  https://nairametrics.com/2024/08/16/uacn-performance-review-through-q2-2024-is-now-the-time-to-buy/ https://nairametrics.com/2024/08/16/uacn-performance-review-through-q2-2024-is-now-the-time-to-buy/#respond Fri, 16 Aug 2024 05:51:52 +0000 https://nairametrics.com/?p=495898 UAC of Nigeria Plc recently released its Q2 2024 results, showing a 44% growth in pre-tax profit to N5.92 billion.  

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]]> https://nairametrics.com/2024/08/16/uacn-performance-review-through-q2-2024-is-now-the-time-to-buy/feed/ 0 495898 Flour Mills’ return to profitability in Q1 2025: Buy, hold, or sell?  https://nairametrics.com/2024/08/12/flour-mills-return-to-profitability-in-q1-2025-buy-hold-or-sell/ https://nairametrics.com/2024/08/12/flour-mills-return-to-profitability-in-q1-2025-buy-hold-or-sell/#respond Mon, 12 Aug 2024 14:31:49 +0000 https://nairametrics.com/?p=495651 Flour Mills of Nigeria Plc has made a comeback in the first quarter of 2025 financial year, returning to profitability after a challenging 2023/2024 financial year.  

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]]> https://nairametrics.com/2024/08/12/flour-mills-return-to-profitability-in-q1-2025-buy-hold-or-sell/feed/ 0 495651 Windfall Tax: Why Nigerian banks are still positioned for resilient growth   https://nairametrics.com/2024/08/11/windfall-tax-why-nigerian-banks-are-still-positioned-for-resilient-growth/ https://nairametrics.com/2024/08/11/windfall-tax-why-nigerian-banks-are-still-positioned-for-resilient-growth/#respond Sun, 11 Aug 2024 08:44:42 +0000 https://nairametrics.com/?p=495535 Given the recent policy shifts affecting the Nigerian banking sector, including the Central Bank of Nigeria's (CBN) revised capital requirements and the windfall taxes, it's understandable that both local and foreign investors might harbor concerns about the sector's stability.  

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]]> https://nairametrics.com/2024/08/11/windfall-tax-why-nigerian-banks-are-still-positioned-for-resilient-growth/feed/ 0 495535 Nigerian cement companies’ declining margins: A cautious note for investors?  https://nairametrics.com/2024/08/08/nigerian-cement-companies-declining-margins-a-cautious-note-for-investors/ https://nairametrics.com/2024/08/08/nigerian-cement-companies-declining-margins-a-cautious-note-for-investors/#respond Thu, 08 Aug 2024 10:19:58 +0000 https://nairametrics.com/?p=495460 Just like other sectors, such as consumer goods and ICT, which have negatively been affected by the 2023 policy shifts, the industrial sector has not been left out.  

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]]> https://nairametrics.com/2024/08/08/nigerian-cement-companies-declining-margins-a-cautious-note-for-investors/feed/ 0 495460 Zenith Bank’s capital raise Hybrid Rights Issues and PO: The Takeaways  https://nairametrics.com/2024/08/07/zenith-banks-capital-raise-hybrid-rights-issues-and-po-the-takeaways/ https://nairametrics.com/2024/08/07/zenith-banks-capital-raise-hybrid-rights-issues-and-po-the-takeaways/#respond Wed, 07 Aug 2024 06:58:46 +0000 https://nairametrics.com/?p=495376 Zenith Bank Plc has announced a Hybrid Rights Issue and offer for subscription, aiming to raise about N290 billion.  

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]]> https://nairametrics.com/2024/08/07/zenith-banks-capital-raise-hybrid-rights-issues-and-po-the-takeaways/feed/ 0 495376 Cadbury Nigeria’s first half-year 2024 improvement: Time to Buy, Hold, or Sell?  https://nairametrics.com/2024/08/05/cadbury-nigerias-first-half-year-2024-improvement-time-to-buy-hold-or-sell/ https://nairametrics.com/2024/08/05/cadbury-nigerias-first-half-year-2024-improvement-time-to-buy-hold-or-sell/#respond Mon, 05 Aug 2024 17:08:05 +0000 https://nairametrics.com/?p=495267 The Nigerian financial landscape has been tumultuous since 2023, marked by policy shifts that have had varied impacts across different sectors.  

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]]> https://nairametrics.com/2024/08/05/cadbury-nigerias-first-half-year-2024-improvement-time-to-buy-hold-or-sell/feed/ 0 495267 Analysis: BUA Foods’ first half 2024 results: A mixed bag for investors  https://nairametrics.com/2024/08/04/analysis-bua-foods-first-half-2024-results-a-mixed-bag-for-investors/ https://nairametrics.com/2024/08/04/analysis-bua-foods-first-half-2024-results-a-mixed-bag-for-investors/#respond Sun, 04 Aug 2024 17:46:46 +0000 https://nairametrics.com/?p=495192 Amidst macroeconomic challenges, BUA Foods has continued to demonstrate strong financial performance, good market presence and operational strength. 

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]]> https://nairametrics.com/2024/08/04/analysis-bua-foods-first-half-2024-results-a-mixed-bag-for-investors/feed/ 0 495192 Analysis: Presco Plc vs. Okomu Oil: Buy, hold or sell?  https://nairametrics.com/2024/08/03/analysis-presco-plc-vs-okomu-oil-buy-hold-or-sell/ https://nairametrics.com/2024/08/03/analysis-presco-plc-vs-okomu-oil-buy-hold-or-sell/#respond Sat, 03 Aug 2024 08:30:24 +0000 https://nairametrics.com/?p=495129 Since 2023, the business environment has faced significant challenges, including high inflation, fluctuating interest rates, and volatile exchange rates.  

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]]> https://nairametrics.com/2024/08/03/analysis-presco-plc-vs-okomu-oil-buy-hold-or-sell/feed/ 0 495129 Wema Bank Plc reports 270.71% growth in Q2 2024 pre-tax profit  https://nairametrics.com/2024/07/31/wema-bank-plc-reports-270-71-growth-in-q2-2024-pre-tax-profit/ https://nairametrics.com/2024/07/31/wema-bank-plc-reports-270-71-growth-in-q2-2024-pre-tax-profit/#respond Wed, 31 Jul 2024 09:36:20 +0000 https://nairametrics.com/?p=494850 Wema Bank Plc has reported its Q2 2024 results showing pre-tax profits grew by 270.71% year on year to N19.416 billion. 

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]]> https://nairametrics.com/2024/07/31/wema-bank-plc-reports-270-71-growth-in-q2-2024-pre-tax-profit/feed/ 0 494850 Presco Plc Posts N20.781 billion Pre-Tax Profit in Q2 2024 https://nairametrics.com/2024/07/30/presco-plc-posts-n20-781-billion-pre-tax-profit-in-q2-2024/ https://nairametrics.com/2024/07/30/presco-plc-posts-n20-781-billion-pre-tax-profit-in-q2-2024/#respond Tue, 30 Jul 2024 11:53:00 +0000 https://nairametrics.com/?p=494783 Presco Plc has reported a pre-tax profit of N20.781 billion for Q2 ending June 30, 2024, representing a 159.77% year-on-year (YoY) increase.

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]]> https://nairametrics.com/2024/07/30/presco-plc-posts-n20-781-billion-pre-tax-profit-in-q2-2024/feed/ 0 494783 Total Energies beats forecast, posts N13.730 billion pre-tax profit in Q2 2024  https://nairametrics.com/2024/07/29/total-energies-beats-forecast-posts-n13-730-billion-pre-tax-profit-in-q2-2024/ https://nairametrics.com/2024/07/29/total-energies-beats-forecast-posts-n13-730-billion-pre-tax-profit-in-q2-2024/#respond Mon, 29 Jul 2024 18:59:54 +0000 https://nairametrics.com/?p=494733 Total Energies Marketing Nigeria Plc has reported a pre-tax profit of N13.730 billion for Q2 ending June 30, 2024, reflecting a 95% year-over-year increase and surpassing its Q2 pre-tax forecast of N6.419 billion.  

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]]> https://nairametrics.com/2024/07/29/total-energies-beats-forecast-posts-n13-730-billion-pre-tax-profit-in-q2-2024/feed/ 0 494733 Okomu Oil posts N6.24 billion pre-tax profit in Q2 2024, missing expectations https://nairametrics.com/2024/07/28/okomu-oil-posts-n6-24-billion-pre-tax-profit-in-q2-2024-missing-expectations/ https://nairametrics.com/2024/07/28/okomu-oil-posts-n6-24-billion-pre-tax-profit-in-q2-2024-missing-expectations/#respond Sun, 28 Jul 2024 06:58:56 +0000 https://nairametrics.com/?p=494572 Okomu Oil Palm Plc reported a pre-tax profit of N6.24 billion for Q2 ending June 30, 2024, representing a 22.28% year-on-year (YoY) decline and falling short of the company’s Q2 2024 pre-tax profit forecast of N6.699 billion.

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]]> https://nairametrics.com/2024/07/28/okomu-oil-posts-n6-24-billion-pre-tax-profit-in-q2-2024-missing-expectations/feed/ 0 494572 Cadbury posts N13.9 billion pre-tax loss in H1 2024 but may exit loss by Year-End  https://nairametrics.com/2024/07/27/cadbury-posts-n13-9-billion-pre-tax-loss-in-h1-2024-but-may-exit-loss-by-year-end/ https://nairametrics.com/2024/07/27/cadbury-posts-n13-9-billion-pre-tax-loss-in-h1-2024-but-may-exit-loss-by-year-end/#respond Sat, 27 Jul 2024 12:30:16 +0000 https://nairametrics.com/?p=494549 Cadbury Nigeria Plc has reported a pre-tax loss of N3.423 billion for Q2 2024, a significant improvement from the N10.457 billion loss recorded in Q1.  

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]]> https://nairametrics.com/2024/07/27/cadbury-posts-n13-9-billion-pre-tax-loss-in-h1-2024-but-may-exit-loss-by-year-end/feed/ 0 494549 MRS reports N3.411 billion pre-tax profit in Q2 2024 https://nairametrics.com/2024/07/27/mrs-reports-n3-411-billion-pre-tax-profit-in-q2-2024/ https://nairametrics.com/2024/07/27/mrs-reports-n3-411-billion-pre-tax-profit-in-q2-2024/#respond Sat, 27 Jul 2024 12:11:25 +0000 https://nairametrics.com/?p=494547 MRS Oil Nigeria Plc has reported a pre-tax profit of N3.411 billion for the Q2 ended June 30, 2024, representing 190.96% year-on-year (YoY) increase.   

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]]> https://nairametrics.com/2024/07/27/mrs-reports-n3-411-billion-pre-tax-profit-in-q2-2024/feed/ 0 494547 Nigerian Banks forex revaluation gains estimated at N3.3 trillion, GTCO, Zenith Bank, Access Corp top list https://nairametrics.com/2024/07/25/nigerian-banks-and-their-fx-gains/ https://nairametrics.com/2024/07/25/nigerian-banks-and-their-fx-gains/#respond Thu, 25 Jul 2024 12:15:18 +0000 https://nairametrics.com/?p=493999 Nigeria's leading commercial banks recorded significant FX revaluation gains, estimated at a combined total of N3.37 trillion in 2023 and Q1 2024, primarily due to the devaluation of the Naira last year.  

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]]> https://nairametrics.com/2024/07/25/nigerian-banks-and-their-fx-gains/feed/ 0 493999 Ranking Nigerian Banks that have declared the most dividend in 5 years https://nairametrics.com/2024/07/23/ranking-nigerian-banks-that-have-declared-the-most-dividend-in-5-years/ https://nairametrics.com/2024/07/23/ranking-nigerian-banks-that-have-declared-the-most-dividend-in-5-years/#respond Tue, 23 Jul 2024 05:36:40 +0000 https://nairametrics.com/?p=494121 The Nigerian banking industry is one of the most lucrative business sectors in the economy, playing a pivotal role in driving growth and development in Nigeria’s economic landscape.  

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]]> https://nairametrics.com/2024/07/23/ranking-nigerian-banks-that-have-declared-the-most-dividend-in-5-years/feed/ 0 494121 Nigerian Banks incur N575.168 billion in taxes in 2023 as FG plans 50% Windfall tax https://nairametrics.com/2024/07/20/nigerian-banks-incur-n575-168-billion-in-taxes-in-2023-as-fg-plans-50-windfall-tax/ https://nairametrics.com/2024/07/20/nigerian-banks-incur-n575-168-billion-in-taxes-in-2023-as-fg-plans-50-windfall-tax/#respond Sat, 20 Jul 2024 13:18:14 +0000 https://nairametrics.com/?p=493952 In 2023, eleven Nigerian banks incurred a total of N575.168 billion in taxes, marking a significant 175% increase compared to the N209.608 billion incurred in 2022.

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]]> https://nairametrics.com/2024/07/20/nigerian-banks-incur-n575-168-billion-in-taxes-in-2023-as-fg-plans-50-windfall-tax/feed/ 0 493952 Analysis: Is Jaiz Bank a Buy, a Hold, or a Sell? https://nairametrics.com/2024/07/19/analysis-is-jaiz-bank-a-buy-a-hold-or-a-sell/ https://nairametrics.com/2024/07/19/analysis-is-jaiz-bank-a-buy-a-hold-or-a-sell/#respond Fri, 19 Jul 2024 05:17:52 +0000 https://nairametrics.com/?p=493803 Jaiz Bank Plc, Nigeria's pioneering Non-Interest Bank operating under Islamic banking principles, has seen substantial growth in its share price since its listing on February 9, 2017.  

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]]> https://nairametrics.com/2024/07/19/analysis-is-jaiz-bank-a-buy-a-hold-or-a-sell/feed/ 0 493803 GTCO offer for subscription: The takeaways https://nairametrics.com/2024/07/17/gtco-offer-for-subscription-the-takeaways/ https://nairametrics.com/2024/07/17/gtco-offer-for-subscription-the-takeaways/#respond Wed, 17 Jul 2024 06:57:54 +0000 https://nairametrics.com/?p=493616 Guaranty Trust Holding Company PLC (GTCO) has announced an offer for subscription, aiming to raise N392,490 billion (net) through the issuance of 9 billion new shares at N44.50 each.

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]]> https://nairametrics.com/2024/07/17/gtco-offer-for-subscription-the-takeaways/feed/ 0 493616