nairametrics

UBA Plc today released audited results for the financial year ended 31 December 2016. Net Interest Income N’million FY 2016| N165,200 FY 2015| N133,599 %age change|24% Profit after tax  N’million FY 2016| N72,264 FY 2015| N59,654 %age change|21% EPS (Naira) FY 2016|N2.04 FY 2015| N1.79 %age change|14% Download (PDF, 10.25MB) Nairametrics Nairametrics is Nigeria’s top […]Read More

Nairametrics|As part of efforts to boost non oil exports, the Federal Government has recommenced the Export Expansion Grant (EEG) scheme and will pay outstanding arrears which are in excess of N200 billion. The issues that led to the scheme’s suspension in the first place have not been addressed. No assurances that the government conducted a […]

PZ Cussons unaudited results for the 9 months period ended 28 February 2017. Revenue N’million 2016/17| N57,150 2015/16| N50,657 %age change|13% Profit after tax  N’million 2016/17| N1,601 2015/16| N1,648 %age change|-3% EPS (Kobo) FY 2016/17|40k FY 2015/16| 41k %age change|-2% Download (PDF, 1.81MB) Nairametrics Nairametrics is Nigeria’s top business news and financial analysis website. We […]Read More

Nairametrics| The Lagos State government is at loggerheads again with the private sector. Just recently the state introduced the Clean Lagos Initiative, a policy it claims will deliver a cleaner Lagos at a cheaper cost to the government and to tax payers. The Clean Lagos Initiative involves going into partnership with foreign investors who the […]

Nairametrics| Apart from currency speculators and other ‘currency criminals’, the recent strengthening of the Naira has been good news to Nigerians, as the forex scarcity that saw parallel market rates spiral out of control has been eliminated. That of course is according to those in support of the recent CBN policy of pumping FX into […]

Nairametrics| Former militant leaders in the Niger Delta oil region have, yesterday, threatened to stage protests over the delayed payments of their stipends (N65,000 per month) as allowed for by a 2009 amnesty program. According to them, these stipends must be paid “to avert any situation that will warrant beneficiaries of the programme going to the […]

Nairametrics| Chinese state-owned firm China Civil Engineering Construction Corp (CCECC) was recently awarded a three-year management contract worth $1.79 billion for work on the second phase of Abuja Mass Transit Railway. The Export-Import Bank of China, a state-owned institution, will finance the project. The three projects to be managed by CCECC are the construction of […]

I do not like to sound alarmist but some Nigerian banks are particularly not in a state of good health. A recent report by Fitch on the state of the banking system also corroborates this view. Now the CBN has come out to also confirm this as well following the conclusion of its monetary committee […]

Nairametrics| The exchange rate between the naira and the dollar on the parallel market has dropped below N400 for the first time since August 23rd 2016. This is according to Nairametrics Exchange Rate tracker. This represents a significant price point for the CBN’s defense of the exchange rate which it started in late February 2017. […]

MRS Oil Nigeria today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N109,635 FY 2015| N87,099 %age change|26% Profit after tax  N’million FY 2016| N1,466 FY 2015| N936 %age change|57% EPS (Naira) FY 2016|N5.77 FY 2015| N3.68 %age change|57% Download (PDF, 8.18MB) Nairametrics Nairametrics is Nigeria’s top business […]Read More

Nairametrics| Aliko Dangote, the richest African, according to Forbes, has always had global ambitions. He has taken his cement company across Africa, and has never hidden his desire to operate in every continent of the world. His Africa Centre will enable him to achieve that. While it may look like a public relations or cultural […]

Fitch Ratings issued its latest comments on the Nigerian Banking sector on Wednesday spooking investors about the relative health of Nigerian Banks. The comments made reference to some potential headings that might be faced by Nigerian banks in the coming months. Here is a summary of the key issues Fitch is worried that Nigerian banks […]