nairametrics

Unilever Nigeria today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N5,805 FY 2015| N4,640 %age change|25% Profit after tax  N’million FY 2016| N3,072 FY 2015| N1,192 %age change|158% EPS (Naira) FY 2016|N0.81 FY 2015| N0.32 %age change|152% Download (PDF, 2.17MB) Nairametrics Nairametrics is Nigeria’s top business news […]Read More

Nairametrics| The exchange rate closed on Thursday at a price of N400 on the black market. If you wanted to sell to black market operators, you’d probably be selling at any price between N380 t0 N395. The spread between buying and selling of the green back now more than N10. Some thing we last saw when […]

“You know what capitalism is? Getting f%&@!&” Scarface Nairametrics| A lot of words have been used to describe the recent CBN intervention in the retail end of the forex market. Words like “pumping”, “injects”, “flood” have been used intermittently as the Central Banks stepped up its promise to meet forex obligations to Nigerians seeking buy for […]Read More

Nairametrics|Tier two lender, Sterling Bank has entered into a partnership with the Nigerian Export Promotion Council (NEPC). The partnership will benefit the bank in two ways. Access to a new set of cusromers and access to foreign exchange. The government through its Economic Recovery and Growth Plan (ERGP) has emphasized the need for the country […]

Nairametrics| Shareholders of Lafarge Wapco Plc. have cause to smile as the company declared a dividend of N1.05 per share for the financial year ended December 2016. The cement company on Wednesday released its audited results for the same period, which were relatively poor when compared to that of its biggest competitor, Dangote Cement Plc. As […]

Nairametrics| Given the economic crisis that rocked Nigeria in 2016, the near dominance that the country was known for in financial circles in the continent was threatened, especially by Kenya whose stock exchange actually overtook Nigeria’s at some point. But threatened only, as Bloomberg reports that Nigerian banks remain, on average, more profitable than their […]

Nairametrics| The Federal Government’s (FG) plan of borrowing its way out of the deficit budget is about complete as the Senate on Wednesday gave its nod of approval to the Presidential request to float another $500 million Eurobond. A letter seeking the lawmakers’ approval for the bond, submitted by the then Acting President, Yemi Osinbajo, […]

Nairametrics| Nigeria’s plan for economic resurgence, which was contained in the Economic Recovery and Growth Plan (ERGP), has one primary cause for concern. As much as the plan lays emphasis on diversifying the economy and broadening foreign exchange and revenue sources, it heavily depends on oil prices to take off. Nigeria needs funds from oil […]

Nairametrics| The General manager, Lagos State Environmental Protection Agency (LASEPA), Adebola Shabi, has announced that it is now a crime punishable by a fine of N500,000 to deploy live music bands at restaurants, bars and beer parlours. Similarly, religious houses have been ordered to ensure sound proofing for their venues. This is part of the […]