Idika Aja, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Wed, 02 Jul 2025 08:07:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Idika Aja, Author at Nairametrics 32 32 201037849 Ten best performing NGX stocks in the first half of 2025  https://nairametrics.com/2025/07/02/ten-best-performing-ngx-stocks-in-the-first-half-of-2025/ https://nairametrics.com/2025/07/02/ten-best-performing-ngx-stocks-in-the-first-half-of-2025/#respond Wed, 02 Jul 2025 05:05:09 +0000 https://nairametrics.com/?p=518292 The Nigerian Exchange (NGX) posted a moderate 16.57% year-to-date return in the first half of 2025; a slower pace compared to the 33.81% rally recorded during the same period last year.  

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]]> https://nairametrics.com/2025/07/02/ten-best-performing-ngx-stocks-in-the-first-half-of-2025/feed/ 0 518292 Gold Rush: Nigeria is in the middle of a commercial paper boom  https://nairametrics.com/2025/07/01/gold-rush-nigeria-is-in-the-middle-of-a-commercial-paper-boom/ https://nairametrics.com/2025/07/01/gold-rush-nigeria-is-in-the-middle-of-a-commercial-paper-boom/#comments Tue, 01 Jul 2025 13:06:49 +0000 https://nairametrics.com/?p=518256 Nigeria’s financial landscape has witnessed a notable shift in corporate financing patterns, with Commercial Papers (CPs) emerging as a preferred short-term funding tool. 

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]]> https://nairametrics.com/2025/07/01/gold-rush-nigeria-is-in-the-middle-of-a-commercial-paper-boom/feed/ 1 518256 Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity  https://nairametrics.com/2025/06/25/conoil-q1-2025-borrowing-surge-collapses-profit-debt-now-exceeds-equity/ https://nairametrics.com/2025/06/25/conoil-q1-2025-borrowing-surge-collapses-profit-debt-now-exceeds-equity/#comments Wed, 25 Jun 2025 06:24:35 +0000 https://nairametrics.com/?p=517826 There was no FX loss. No surge in operating costs. Yet, Conoil’s Q1 2025 pre-tax profit collapsed by 93% to just N372 million, its lowest quarterly performance since 2021.  The primary culprit appears to be the 48% jump in short-term borrowing, funded through bank overdrafts at an average interest rate of 29.75%, nearly doubling the […]

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]]> https://nairametrics.com/2025/06/25/conoil-q1-2025-borrowing-surge-collapses-profit-debt-now-exceeds-equity/feed/ 1 517826 SEC tenure rule: Panic grips capital market operators  https://nairametrics.com/2025/06/23/sec-tenure-rule-panic-grips-capital-market-operators/ https://nairametrics.com/2025/06/23/sec-tenure-rule-panic-grips-capital-market-operators/#respond Mon, 23 Jun 2025 07:02:38 +0000 https://nairametrics.com/?p=517669 A new directive from the Securities and Exchange Commission (SEC) imposing tenure limits on directors of capital market operators has sent waves of anxiety across Nigeria’s financial markets, with many industry players scrambling to understand who is affected and how soon enforcement will begin. 

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]]> https://nairametrics.com/2025/06/23/sec-tenure-rule-panic-grips-capital-market-operators/feed/ 0 517669 Fitch: Bank loans to government, high CRR put Nigerian Banks at risk  https://nairametrics.com/2025/06/20/fitch-bank-loans-to-government-high-crr-put-nigerian-banks-at-risk/ https://nairametrics.com/2025/06/20/fitch-bank-loans-to-government-high-crr-put-nigerian-banks-at-risk/#respond Fri, 20 Jun 2025 08:53:20 +0000 https://nairametrics.com/?p=517515 Fitch Ratings has warned that Nigerian banks face rising risks due to their heavy exposure to government debt and burdensome regulatory policies of the Central Bank of Nigeria (CBN).   The agency estimates that sovereign-related assets comprising treasury bills, bonds, and unremunerated reserves account for 35% of total banking sector assets and 350% of total […]

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]]> https://nairametrics.com/2025/06/20/fitch-bank-loans-to-government-high-crr-put-nigerian-banks-at-risk/feed/ 0 517515 FirstHoldCo assures to comply with CBN regulatory issues and pay dividend this year  https://nairametrics.com/2025/06/19/firstholdco-assures-to-comply-with-cbn-regulatory-issues-and-pay-dividend-this-year/ https://nairametrics.com/2025/06/19/firstholdco-assures-to-comply-with-cbn-regulatory-issues-and-pay-dividend-this-year/#respond Thu, 19 Jun 2025 13:28:04 +0000 https://nairametrics.com/?p=517488 FirstHoldCo Plc has assured of its commitment to comply with the Central Bank of Nigeria’s (CBN) prudential regulations, including resolving breaches of the Single Obligor Limit (SOL) and exiting forbearance on credit facilities. The bank also assured shareholders of its intention to continue with dividend payments in 2025 and beyond. In a statement issued on […]

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]]> https://nairametrics.com/2025/06/19/firstholdco-assures-to-comply-with-cbn-regulatory-issues-and-pay-dividend-this-year/feed/ 0 517488 Access Holdings assures exit from CBN regulatory forbearance on credit facilities this month https://nairametrics.com/2025/06/18/access-holdings-assures-exit-from-cbn-regulatory-forbearance-on-credit-facilities-this-month/ https://nairametrics.com/2025/06/18/access-holdings-assures-exit-from-cbn-regulatory-forbearance-on-credit-facilities-this-month/#respond Wed, 18 Jun 2025 17:43:55 +0000 https://nairametrics.com/?p=517448 Access Holdings Plc has announced it will exit the Central Bank of Nigeria’s regulatory forbearance on credit facilities by June 30, 2025, while continuing to maintain strong capital buffers and sustain dividend payments. This comes being one of the banks affected by CBN’s recent directive suspending dividends, bonuses, and new foreign investments for lenders still […]

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]]> https://nairametrics.com/2025/06/18/access-holdings-assures-exit-from-cbn-regulatory-forbearance-on-credit-facilities-this-month/feed/ 0 517448 CBN FORBEARANCE: New RENCAP report names banks facing likely dividend suspension till 2028 https://nairametrics.com/2025/06/16/cbn-forbearance-new-rencap-report-names-banks-facing-dividend-suspension-till-2028/ https://nairametrics.com/2025/06/16/cbn-forbearance-new-rencap-report-names-banks-facing-dividend-suspension-till-2028/#comments Mon, 16 Jun 2025 21:10:56 +0000 https://nairametrics.com/?p=517314 A new research note by Renaissance Capital has revealed that several of Nigeria’s most prominent banks are facing significant exposure to regulatory forbearance loans.

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]]> https://nairametrics.com/2025/06/16/cbn-forbearance-new-rencap-report-names-banks-facing-dividend-suspension-till-2028/feed/ 1 517314 BAD LOANS: Nigerian listed banks incur N3.77 trillion in loan losses since 2023, see top losers  https://nairametrics.com/2025/06/16/bad-loans-nigerian-listed-banks-incur-n3-77-trillion-in-loan-losses-since-2023-see-top-losers/ https://nairametrics.com/2025/06/16/bad-loans-nigerian-listed-banks-incur-n3-77-trillion-in-loan-losses-since-2023-see-top-losers/#respond Mon, 16 Jun 2025 14:05:35 +0000 https://nairametrics.com/?p=516502 Despite tough macroeconomic conditions, ten commercial banks listed on the Nigerian Exchange (NGX) recorded a total of N3.77 trillion in loan impairment charges spanning full-year 2023, full-year 2024, and the first quarter of 2025. 

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]]> https://nairametrics.com/2025/06/16/bad-loans-nigerian-listed-banks-incur-n3-77-trillion-in-loan-losses-since-2023-see-top-losers/feed/ 0 516502 CBN Forbearance: Six Nigerian Banks face risk of lower profits, dividends https://nairametrics.com/2025/06/16/cbn-forbearance-six-nigerian-banks-face-risk-of-lower-profits-dividends/ https://nairametrics.com/2025/06/16/cbn-forbearance-six-nigerian-banks-face-risk-of-lower-profits-dividends/#comments Mon, 16 Jun 2025 06:00:32 +0000 https://nairametrics.com/?p=517241 Nigerian banks are likely to face lower profitability, tighter capital buffers, and a potential uptick in non-performing loans (NPLs) as the country’s central bank begins a gradual withdrawal of the regulatory forbearance measures introduced at the height of the COVID-19 crisis. 

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]]> https://nairametrics.com/2025/06/16/cbn-forbearance-six-nigerian-banks-face-risk-of-lower-profits-dividends/feed/ 1 517241 Why Total Energies’ Q1 2025 profit crashed: What investors should watch   https://nairametrics.com/2025/06/11/why-total-energies-q1-2025-profit-crashed-what-investors-should-watch/ https://nairametrics.com/2025/06/11/why-total-energies-q1-2025-profit-crashed-what-investors-should-watch/#respond Wed, 11 Jun 2025 07:50:42 +0000 https://nairametrics.com/?p=517020 Total Energies Marketing Nigeria Plc, one of the downstream oil and gas players of the NGX, is off to a rough start in 2025. After posting a record pre-tax profit of N42 billion and a post-tax profit of N27.5 billion last year, the highest in five years, its Q1 2025 results tell a different story. […]

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]]> https://nairametrics.com/2025/06/11/why-total-energies-q1-2025-profit-crashed-what-investors-should-watch/feed/ 0 517020 Who dominates Nigeria’s beer market? Guinness vs. International Breweries vs. Nigerian Breweries  https://nairametrics.com/2025/06/10/who-dominates-nigerias-beer-market-guinness-vs-international-breweries-vs-nigerian-breweries/ https://nairametrics.com/2025/06/10/who-dominates-nigerias-beer-market-guinness-vs-international-breweries-vs-nigerian-breweries/#respond Tue, 10 Jun 2025 11:27:09 +0000 https://nairametrics.com/?p=516970 Nigeria’s alcoholic beverage industry is fiercely competitive, but in 2025, the battle for market share between Nigerian Breweries, International Breweries, and Guinness Nigeria is more intense than ever. 

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]]> https://nairametrics.com/2025/06/10/who-dominates-nigerias-beer-market-guinness-vs-international-breweries-vs-nigerian-breweries/feed/ 0 516970 Nigerian Banks rake in N1.695 trillion from foreign subsidiaries in 2024  https://nairametrics.com/2025/06/10/nigerian-banks-rake-in-n1-695-trillion-from-foreign-subsidiaries-in-2024/ https://nairametrics.com/2025/06/10/nigerian-banks-rake-in-n1-695-trillion-from-foreign-subsidiaries-in-2024/#respond Tue, 10 Jun 2025 10:37:07 +0000 https://nairametrics.com/?p=516968 In 2024, five Nigerian banks generated a combined N1.695 trillion in pre-tax profit from their foreign subsidiaries, which accounted for 33.5% of their combined group profit of N5.060 trillion. 

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]]> https://nairametrics.com/2025/06/10/nigerian-banks-rake-in-n1-695-trillion-from-foreign-subsidiaries-in-2024/feed/ 0 516968 Data boom: Airtel and MTN set for profit surge in 2025  https://nairametrics.com/2025/06/09/data-boom-airtel-and-mtn-set-for-profit-surge-in-2025/ https://nairametrics.com/2025/06/09/data-boom-airtel-and-mtn-set-for-profit-surge-in-2025/#respond Mon, 09 Jun 2025 08:37:42 +0000 https://nairametrics.com/?p=516919 With data revenue now accounting for nearly half of total income, MTN Nigeria and Airtel Africa are betting big on bytes over voice.  

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]]> https://nairametrics.com/2025/06/09/data-boom-airtel-and-mtn-set-for-profit-surge-in-2025/feed/ 0 516919 Dangote Cement earned over N1.4 trillion in Africa last year, but this country led the pack  https://nairametrics.com/2025/06/04/dangote-cement-earned-over-n1-4-trillion-in-africa-last-year-but-this-country-led-the-pack/ https://nairametrics.com/2025/06/04/dangote-cement-earned-over-n1-4-trillion-in-africa-last-year-but-this-country-led-the-pack/#respond Wed, 04 Jun 2025 15:11:09 +0000 https://nairametrics.com/?p=516687 In a year marked by hyperinflation, currency devaluation, and geopolitical instability across several African markets, Ethiopia stood out as Dangote Cement Plc’s most operationally profitable Pan-African operation in 2024 at least on an inflation-adjusted basis. 

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]]> https://nairametrics.com/2025/06/04/dangote-cement-earned-over-n1-4-trillion-in-africa-last-year-but-this-country-led-the-pack/feed/ 0 516687 Largest Publicly listed Insurance companies in Nigeria by shareholders funds – 2024  https://nairametrics.com/2025/05/30/largest-publicly-listed-insurance-companies-in-nigeria-by-shareholders-funds-2024/ https://nairametrics.com/2025/05/30/largest-publicly-listed-insurance-companies-in-nigeria-by-shareholders-funds-2024/#respond Fri, 30 May 2025 08:37:10 +0000 https://nairametrics.com/?p=516382 The Nigerian Senate recently approved a revised capital base for insurance companies, setting new benchmarks for operators in the sector: N25 billion for non-life insurance,  N15 billion for life insurance,  N35 billion for reinsurance firms.  While the move is expected to enhance risk management and bolster industry resilience, it also raises the bar for undercapitalized […]

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]]> https://nairametrics.com/2025/05/30/largest-publicly-listed-insurance-companies-in-nigeria-by-shareholders-funds-2024/feed/ 0 516382 Retail Kings; Banks with the largest retail deposits in Nigeria in 2024  https://nairametrics.com/2025/05/27/retail-kings-banks-with-the-largest-retail-deposits-in-nigeria-in-2024/ https://nairametrics.com/2025/05/27/retail-kings-banks-with-the-largest-retail-deposits-in-nigeria-in-2024/#respond Tue, 27 May 2025 14:15:39 +0000 https://nairametrics.com/?p=516133 Retail banking continues to be a key battleground for Nigerian banks as competition intensifies for low-cost deposits. 

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]]> https://nairametrics.com/2025/05/27/retail-kings-banks-with-the-largest-retail-deposits-in-nigeria-in-2024/feed/ 0 516133 What is Lafarge getting right?  https://nairametrics.com/2025/05/26/what-is-lafarge-getting-right/ https://nairametrics.com/2025/05/26/what-is-lafarge-getting-right/#respond Mon, 26 May 2025 05:51:53 +0000 https://nairametrics.com/?p=515998 In an environment fraught with currency volatility, high inflation, and elevated energy costs, Lafarge Africa Plc appears to be doing well.  

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]]> https://nairametrics.com/2025/05/26/what-is-lafarge-getting-right/feed/ 0 515998 Aradel, Seplat, or Oando; who delivered the best value to investors in 2024?  https://nairametrics.com/2025/05/21/aradel-seplat-or-oando-who-delivered-the-best-value-to-investors-in-2024/ https://nairametrics.com/2025/05/21/aradel-seplat-or-oando-who-delivered-the-best-value-to-investors-in-2024/#respond Wed, 21 May 2025 17:31:09 +0000 https://nairametrics.com/?p=515792 This article takes a closer look at Oando, Aradal and Seplat performed for investors in 2024 tells a deeper story, starting with Aradel. 

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]]> https://nairametrics.com/2025/05/21/aradel-seplat-or-oando-who-delivered-the-best-value-to-investors-in-2024/feed/ 0 515792 ETI closes $125 million Eurobond tap issuance at improved yield of 9.375%  https://nairametrics.com/2025/05/21/eti-closes-125-million-eurobond-tap-issuance-at-improved-yield-of-9-375/ https://nairametrics.com/2025/05/21/eti-closes-125-million-eurobond-tap-issuance-at-improved-yield-of-9-375/#respond Wed, 21 May 2025 16:59:55 +0000 https://nairametrics.com/?p=515791 Ecobank Transnational Incorporated (ETI) has announced its successful tap of U.S.$400 million 10.125% Notes due October 15, 2029, raising an additional U.S.$125 million  

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]]> https://nairametrics.com/2025/05/21/eti-closes-125-million-eurobond-tap-issuance-at-improved-yield-of-9-375/feed/ 0 515791