Naira stability will attract more manufacturers to Nigeria – Abiodun Adedipe
The founder and Chief Consultant at B. Adedipe Associates Ltd. Dr. Abiodun Adedipe has said that Nigeria is poised to attract more manufacturing companies from across the globe if the Naira becomes...
View ArticleUnilever Nigeria to pay shareholders N4.309 billion dividend for fiscal year...
Shareholders of Unilever Nigeria Plc will receive a dividend of N4.309 billion for the financial year ended December 2023, representing a total dividend of N0.75 kobo per share declared by the Board of...
View ArticleABCON to CBN, dollar allocations have become expensive, BDCs are recording...
ABCON has appealed to the Central Bank of Nigeria (CBN) to adjust and lower its applicable exchange rate downward below the N1,251/$ it pegged for the Bureau De Change (BDC) operators. The post ABCON...
View ArticleThese CEOs led the best performing NGX stocks of Q1 2024
A look at the CEOs of the best performing stocks of Q1 2024. The post These CEOs led the best performing NGX stocks of Q1 2024 appeared first on Nairametrics.
View ArticleNigeria’s FX reserve dips by $1.02 billion in 18 days on CBN’s naira defence
Nigeria’s foreign exchange (FX) reserve has experienced a sharp decline of about $1.02 billion within a span of 18 days, as the CBN continues its aggressive defence of the naira. The post Nigeria’s FX...
View ArticleFX Crisis: Nigeria should explore other alternative currencies for imports —...
According to her, if such policy is implemented, the need for the greenback will significantly diminish, providing the Naira with some respite in the forex market. The post FX Crisis: Nigeria should...
View ArticleBank Recapitalization: Shareholders may begin to favour bank stocks over...
Head of investment and research at Meristem Securities Limited, Praise Ihensekhien, has hinted that the recent recapitalization policy by the Central Bank of Nigeria (CBN) could result in a shift of...
View ArticleNaira posts 4th weekly gains but faces high resistance at key support level
Naira appreciated for the 4th consecutive week to settle at N1,245 per against the dollar amid amplified confidence in the naira. The post Naira posts 4th weekly gains but faces high resistance at key...
View ArticleNGX Group announces investment in Ethiopian Securities Exchange
NGX Group Plc has announced its investment in the Ethiopian Securities Exchange (ESX), leading a charge of institutional investors to inject capital into the exchange’s operationalization. It is noted...
View ArticleElumelu, Otedola, Ovia led companies record N2.64 trillion capital gains in...
The Nigerian Stock Exchange has experienced a bullish trend since the beginning of the year, witnessing significant capital gains for companies affiliated with some of Nigeria’s prominent...
View ArticleCBN sells dollars to BDCs below market rate at N1,101/$1
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them that it has sold $10,000 to each BDC at a rate of N1,101/$1. The post CBN sells dollars to...
View ArticleChampion Breweries reports an 80% YoY decline in pre-tax profit in 2023
Champion Breweries plc has reported a profit before tax of N445 million for the year ended 31 December 2023, representing an 80% YoY decline from the N2.249 billion reported in 2022. The post Champion...
View ArticleCustoms exchange rate for import duties falls below official market rate
The Nigeria Customs exchange rate for import duties and cargo clearance has dropped below the official market of N1251/$ The post Customs exchange rate for import duties falls below official market...
View ArticleFBNH to seek shareholders’ approval for N300 billion capital raise
First Bank Holding Plc, one of the nation’s premier commercial banks, will seek shareholders’ approval to raise N300 billion in additional capital at the group’s Extraordinary General Meeting (EGM)...
View ArticleWema Bank leads as top performing banking stocks in Q1 2024
Wema Bank emerged as the top profitable companies in Nigeria in 2023, largely propelled by a substantial increase in foreign exchange gains during that period. The post Wema Bank leads as top...
View ArticleRipple CEO sees crypto market doubling to $5 trillion by year-end
Ripple CEO predicts market capitalisation of Cryptocurrencies to double hitting $5 Trillion by the end of 2024. The post Ripple CEO sees crypto market doubling to $5 trillion by year-end appeared first...
View ArticleZenith Bank reports ‘best ever’ profit of N679.9 billion in 2023
Zenith Bank Plc, one of Nigeria's largest bank, published its 2023 FY audited accounts showing a gross earnings of N2.13 trillion representing a 125.4% growth year on year. The post Zenith Bank...
View ArticleUBA Group reports record N607 billion profit, buoyed by higher interest...
UBA Nigeria Plc, one of Nigeria's oldest and largest banks, reported its audited accounts for 2023, revealing gross earnings of N2 trillion, a significant increase from N835 billion just a year...
View ArticleGTCO reports record N539.6 billion profit in 2023, bolstered by revaluation...
Guaranty Trust Holding has reported a gross earnings of N1.187 trillion, representing 120.03% increase from the N539.235 billion reported the year prior. A cursory review of the financial statements...
View ArticleDangote Cement to pay shareholders N511 billion dividend for FY 2023
The dividend represents a growth of 50% over N20.00 per share paid by the company in 2022. The post Dangote Cement to pay shareholders N511 billion dividend for FY 2023 appeared first on Nairametrics.
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