Research Team, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Sat, 17 Aug 2024 16:31:53 +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 Research Team, Author at Nairametrics 32 32 201037849 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 Global market sell-offs threaten Nigerian Bank recapitalization plans https://nairametrics.com/2024/08/05/global-market-sell-offs-threaten-nigerian-bank-recapitalization-plans/ https://nairametrics.com/2024/08/05/global-market-sell-offs-threaten-nigerian-bank-recapitalization-plans/#respond Mon, 05 Aug 2024 09:25:28 +0000 https://nairametrics.com/?p=495211 The global stock market rout is likely to affect the bank recapitalization efforts of Nigerian banks, according to findings from Nairametrics Research.

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]]> https://nairametrics.com/2024/08/05/global-market-sell-offs-threaten-nigerian-bank-recapitalization-plans/feed/ 0 495211 The 29 Policy Achievements listed by President Tinubu in nationwide speech https://nairametrics.com/2024/08/04/the-29-policy-achievements-listed-by-president-tinubu-in-nationwide-speech/ https://nairametrics.com/2024/08/04/the-29-policy-achievements-listed-by-president-tinubu-in-nationwide-speech/#respond Sun, 04 Aug 2024 08:44:42 +0000 https://nairametrics.com/?p=495172 Nigeria’s President, Bola Ahmed Tinubu outlined about 29 significant policy achievements of his administration in a passionate speech to the Nation on August 4th 2024. Emphasizing fiscal reforms, economic resurgence, and social welfare improvements, the detailed address highlighted the government’s efforts in various sectors to stimulate growth, reduce debt burdens, and improve the living standards […]

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]]> https://nairametrics.com/2024/08/04/the-29-policy-achievements-listed-by-president-tinubu-in-nationwide-speech/feed/ 0 495172 Nigerian Stocks: List of Dividends announced in 2024 https://nairametrics.com/2024/07/22/nigerian-stocks-list-of-dividends-announced-in-2024/ https://nairametrics.com/2024/07/22/nigerian-stocks-list-of-dividends-announced-in-2024/#comments Mon, 22 Jul 2024 11:00:10 +0000 https://nairametrics.com/?p=478937 This is a list of Dividends announced so far in 2023 and their percentage yield.

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]]> https://nairametrics.com/2024/07/22/nigerian-stocks-list-of-dividends-announced-in-2024/feed/ 12 478937 Nigerian corporates shy away from capital market as cost of debt soars https://nairametrics.com/2024/07/22/nigerian-corporates-shy-away-from-capital-market-as-cost-of-debt-soars/ https://nairametrics.com/2024/07/22/nigerian-corporates-shy-away-from-capital-market-as-cost-of-debt-soars/#respond Mon, 22 Jul 2024 09:19:40 +0000 https://nairametrics.com/?p=494064 Nigerian corporates retreat from the capital market as CBN's rate hikes surge borrowing costs, impacting new listings and economic growth.

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]]> https://nairametrics.com/2024/07/22/nigerian-corporates-shy-away-from-capital-market-as-cost-of-debt-soars/feed/ 0 494064 World Investment Report: Global foreign direct investment decrease to $1.3 trillion in 2023, Africa’s share just $53 billion https://nairametrics.com/2024/07/05/global-foreign-direct-investment-decrease-to-1-3-trillion-in-2023-africas-share-just-53-billion/ https://nairametrics.com/2024/07/05/global-foreign-direct-investment-decrease-to-1-3-trillion-in-2023-africas-share-just-53-billion/#respond Fri, 05 Jul 2024 13:39:46 +0000 https://nairametrics.com/?p=492581 Africa's FDI inflows dropped by 3% to $53 billion, while Nigeria and other African countries experienced a varied landscape of investment activities.

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]]> https://nairametrics.com/2024/07/05/global-foreign-direct-investment-decrease-to-1-3-trillion-in-2023-africas-share-just-53-billion/feed/ 0 492581 Nigeria’s pension asset gains N4.1 trillion in one year, hits all-time high of N20.2 trillion https://nairametrics.com/2024/07/05/nigerias-pension-asset-gains-n4-1-trillion-in-one-year-hits-all-time-high-of-n20-2-trillion/ https://nairametrics.com/2024/07/05/nigerias-pension-asset-gains-n4-1-trillion-in-one-year-hits-all-time-high-of-n20-2-trillion/#respond Fri, 05 Jul 2024 09:41:55 +0000 https://nairametrics.com/?p=492612 In May 2024, the Nigerian pension industry maintained its uptrend, reaching an all-time high of N20.23 trillion.

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]]> https://nairametrics.com/2024/07/05/nigerias-pension-asset-gains-n4-1-trillion-in-one-year-hits-all-time-high-of-n20-2-trillion/feed/ 0 492612 Dollar liquidity in Nigeria’s official market set for 5-month low in June 2024  https://nairametrics.com/2024/06/28/dollar-liquidity-in-nigerias-official-market-set-for-5-month-low-in-june-2024/ https://nairametrics.com/2024/06/28/dollar-liquidity-in-nigerias-official-market-set-for-5-month-low-in-june-2024/#respond Fri, 28 Jun 2024 07:06:08 +0000 https://nairametrics.com/?p=492146 The Nigerian Autonomous Foreign Exchange Market, NAFEM, is set to record its lowest foreign exchange (FX) turnover in five months in June 2024, as dollar illiquidity continues to exert pressure on the naira.  

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]]> https://nairametrics.com/2024/06/28/dollar-liquidity-in-nigerias-official-market-set-for-5-month-low-in-june-2024/feed/ 0 492146 Lawyers, accountants, consultants earn N234 billion as professional fees from quoted companies in 2023 https://nairametrics.com/2024/06/22/lawyers-accountants-consultants-earn-n234-billion-as-professional-fees-from-quoted-companies-in-2023/ https://nairametrics.com/2024/06/22/lawyers-accountants-consultants-earn-n234-billion-as-professional-fees-from-quoted-companies-in-2023/#respond Sat, 22 Jun 2024 09:39:57 +0000 https://nairametrics.com/?p=491676 Forty-four of the largest publicly listed companies in the Nigerian equities market spent a total of N234 billion as professional fees in the 2023 financial year.

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]]> https://nairametrics.com/2024/06/22/lawyers-accountants-consultants-earn-n234-billion-as-professional-fees-from-quoted-companies-in-2023/feed/ 0 491676 Big 4 maintain market dominance as audit firms earn N17.34 billion fees in 2023 https://nairametrics.com/2024/06/14/big-4-maintain-market-dominance-as-audit-firms-earn-n17-34-billion-fees-in-2023/ https://nairametrics.com/2024/06/14/big-4-maintain-market-dominance-as-audit-firms-earn-n17-34-billion-fees-in-2023/#respond Fri, 14 Jun 2024 07:25:04 +0000 https://nairametrics.com/?p=491224 The big audit firms in Nigeria, KPMG, PWC, Deloitte, and EY, typically referred to as the Big Four maintained industry dominance yet again in 2023, as 50 of the most capitalized companies on the Nigerian exchange paid a total of N17.34 billion as audit fees.

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]]> https://nairametrics.com/2024/06/14/big-4-maintain-market-dominance-as-audit-firms-earn-n17-34-billion-fees-in-2023/feed/ 0 491224 Nigerian banks pay N166.4 billion to NDIC as Deposit Insurance premium in 2023  https://nairametrics.com/2024/06/07/nigerian-banks-pay-n166-4-billion-to-ndic-as-deposit-insurance-premium-in-2023/ https://nairametrics.com/2024/06/07/nigerian-banks-pay-n166-4-billion-to-ndic-as-deposit-insurance-premium-in-2023/#respond Fri, 07 Jun 2024 05:41:50 +0000 https://nairametrics.com/?p=490790  Nine publicly listed commercial banks paid a sum of N166.4 billion as deposit insurance premium to the Nigerian Deposit Insurance Corporation (NDIC) in 2023, a 29.3% increase compared to the N128.7 billion recorded in the previous year. 

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]]> https://nairametrics.com/2024/06/07/nigerian-banks-pay-n166-4-billion-to-ndic-as-deposit-insurance-premium-in-2023/feed/ 0 490790 Banks staff experience 44.3% increase in salaries as banks incur N800 billion in 2023  https://nairametrics.com/2024/05/31/banks-staff-experience-44-3-increase-in-salaries-as-banks-incur-n800-billion-in-2023/ https://nairametrics.com/2024/05/31/banks-staff-experience-44-3-increase-in-salaries-as-banks-incur-n800-billion-in-2023/#respond Fri, 31 May 2024 07:13:57 +0000 https://nairametrics.com/?p=490319 Commercial banks spent a total of N799.8 billion on staff salaries in 2023, representing a 44.3% increase when compared to the N554.2 billion spent in the previous year.

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]]> https://nairametrics.com/2024/05/31/banks-staff-experience-44-3-increase-in-salaries-as-banks-incur-n800-billion-in-2023/feed/ 0 490319 Naira has fallen by 26.8% since CBN declared it as “best performing currency” https://nairametrics.com/2024/05/11/naira-has-fallen-by-26-8-since-cbn-declared-it-as-best-performing-currency/ https://nairametrics.com/2024/05/11/naira-has-fallen-by-26-8-since-cbn-declared-it-as-best-performing-currency/#respond Sat, 11 May 2024 09:12:22 +0000 https://nairametrics.com/?p=488605 The exchange rate between the naira and the dollar closed the week at N1,466/$1, reaching a two-month low as a stronger dollar continues to outpace global currencies. The exchange rate has now weakened by a significant 26.8% since reaching its strongest point of N1,072/$1 in April when it was declared the best performing currency by […]

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]]> https://nairametrics.com/2024/05/11/naira-has-fallen-by-26-8-since-cbn-declared-it-as-best-performing-currency/feed/ 0 488605 CBN releases Official List of Deposit Money Banks in Nigeria as of April 2024 https://nairametrics.com/2024/05/08/cbn-official-list-of-deposit-money-banks-in-nigeria-as-of-april-2024/ https://nairametrics.com/2024/05/08/cbn-official-list-of-deposit-money-banks-in-nigeria-as-of-april-2024/#comments Wed, 08 May 2024 12:47:09 +0000 https://nairametrics.com/?p=488277 The latest list released by the CBN categorizes these banks based on the scope of their banking license—international, national, and regional—reflecting their operational jurisdiction and the services they are permitted to offer.

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]]> https://nairametrics.com/2024/05/08/cbn-official-list-of-deposit-money-banks-in-nigeria-as-of-april-2024/feed/ 1 488277 BREAKING: FBNH, UBA, GTCO, Access Bank, drop out of trillion market cap club https://nairametrics.com/2024/05/03/fbnh-uba-gtco-access-bank-drop-out-of-trillion-market-cap-club/ https://nairametrics.com/2024/05/03/fbnh-uba-gtco-access-bank-drop-out-of-trillion-market-cap-club/#respond Fri, 03 May 2024 10:31:32 +0000 https://nairametrics.com/?p=487734 As of December 2023, Nigeria's largest banks had a total net asset value of N9.7 trillion but only a combined market capitalization of N4.2 trillion ($ billion), translating to a price-to-book ratio of 0.43, or 43%.

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]]> https://nairametrics.com/2024/05/03/fbnh-uba-gtco-access-bank-drop-out-of-trillion-market-cap-club/feed/ 0 487734 MTN Nigeria’s net forex losses rises to staggering N1.39 trillion https://nairametrics.com/2024/04/30/mtn-nigerias-net-forex-losses-rises-to-staggering-n1-39-trillion/ https://nairametrics.com/2024/04/30/mtn-nigerias-net-forex-losses-rises-to-staggering-n1-39-trillion/#comments Tue, 30 Apr 2024 06:21:53 +0000 https://nairametrics.com/?p=487345 MTN Nigeria reported a net foreign exchange loss of N656.3 billion in the first quarter of 2024 as a continuation of the naira's depreciation ravaged the company's balance sheet.

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]]> https://nairametrics.com/2024/04/30/mtn-nigerias-net-forex-losses-rises-to-staggering-n1-39-trillion/feed/ 1 487345 Banks declare massive dividend payouts amid capital raise https://nairametrics.com/2024/04/29/banks-declare-massive-dividend-payouts-amid-capital-raise/ https://nairametrics.com/2024/04/29/banks-declare-massive-dividend-payouts-amid-capital-raise/#respond Mon, 29 Apr 2024 08:05:59 +0000 https://nairametrics.com/?p=487158 Recent dividend announcements by major Nigerian banks have highlighted a complex interplay between shareholder returns and Central Bank of Nigeria (CBN)’s recapitalization requirements.

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]]> https://nairametrics.com/2024/04/29/banks-declare-massive-dividend-payouts-amid-capital-raise/feed/ 0 487158 Leading Nigerian companies incur a staggering N1.7 trillion in FX losses in 2023 https://nairametrics.com/2024/04/25/leading-nigerian-companies-incur-a-staggering-n1-7-trillion-in-fx-losses-in-2023/ https://nairametrics.com/2024/04/25/leading-nigerian-companies-incur-a-staggering-n1-7-trillion-in-fx-losses-in-2023/#respond Thu, 25 Apr 2024 07:00:34 +0000 https://nairametrics.com/?p=486801 No one is spared as some of Nigeria's largest companies with significant forex obligations took in record forex losses over the currency devaluations that occurred in 2023

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]]> https://nairametrics.com/2024/04/25/leading-nigerian-companies-incur-a-staggering-n1-7-trillion-in-fx-losses-in-2023/feed/ 0 486801 Data reveals extent of forex supply shortage at official window as exchange rates plunged in 2023 https://nairametrics.com/2024/04/25/new-data-reveal-extent-of-forex-supply-shortage-at-official-window-as-exchange-rates-plunged-in-2023/ https://nairametrics.com/2024/04/25/new-data-reveal-extent-of-forex-supply-shortage-at-official-window-as-exchange-rates-plunged-in-2023/#respond Thu, 25 Apr 2024 06:00:39 +0000 https://nairametrics.com/?p=486799 The latest data from the Central Bank of Nigeria (CBN) reveals the extent of the dollar supply shortage as Nigerians grapple with one of the worst currency depreciations in recent years. The data, published in the CBN’s annual bulletin, show that only $9.8 billion was supplied by the central bank through the official Investors’ & […]

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]]> https://nairametrics.com/2024/04/25/new-data-reveal-extent-of-forex-supply-shortage-at-official-window-as-exchange-rates-plunged-in-2023/feed/ 0 486799 Ethical funds drive high returns in Nigerian mutual funds in Q1 2024 https://nairametrics.com/2024/04/22/ethical-funds-drive-high-returns-in-nigerian-mutual-funds-in-q1-2024/ https://nairametrics.com/2024/04/22/ethical-funds-drive-high-returns-in-nigerian-mutual-funds-in-q1-2024/#respond Mon, 22 Apr 2024 07:31:16 +0000 https://nairametrics.com/?p=486431 Nigerian mutual funds recorded average return of 10.76% in the first quarter of 2024, largely driven by the 30.89% yield printed by ethical funds during the period.

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]]> https://nairametrics.com/2024/04/22/ethical-funds-drive-high-returns-in-nigerian-mutual-funds-in-q1-2024/feed/ 0 486431