Analysts Nairametrics, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Fri, 30 May 2025 08:01:37 +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 Analysts Nairametrics, Author at Nairametrics 32 32 201037849 Transcorp, Wema Bank, Aradel, First HoldCo shine at Nairametrics Capital Market Awards 2025  https://nairametrics.com/2025/05/30/transcorp-wema-bank-aradel-first-holdco-shine-at-nairametrics-capital-market-awards-2025/ https://nairametrics.com/2025/05/30/transcorp-wema-bank-aradel-first-holdco-shine-at-nairametrics-capital-market-awards-2025/#respond Fri, 30 May 2025 08:01:37 +0000 https://nairametrics.com/?p=516279 The Banquet Hall of the Civic Centre in Lagos became the epicenter of Nigeria’s financial sector on Friday, May 23, 2025, as Nairametrics, the nation’s premier financial media platform, hosted the inaugural Capital Market Choice Awards.  

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]]> https://nairametrics.com/2025/05/30/transcorp-wema-bank-aradel-first-holdco-shine-at-nairametrics-capital-market-awards-2025/feed/ 0 516279 Crude oil price falls below $60, stoking fears of weaker naira and wider deficits  https://nairametrics.com/2025/05/05/crude-oil-price-falls-below-60-stoking-fears-of-weaker-naira-and-wider-deficits/ https://nairametrics.com/2025/05/05/crude-oil-price-falls-below-60-stoking-fears-of-weaker-naira-and-wider-deficits/#respond Mon, 05 May 2025 05:24:59 +0000 https://nairametrics.com/?p=514612 Nigeria is staring down the barrel of twin macroeconomic shocks as Brent crude prices plunge below $60 per barrel. 

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]]> https://nairametrics.com/2025/05/05/crude-oil-price-falls-below-60-stoking-fears-of-weaker-naira-and-wider-deficits/feed/ 0 514612 Which Nigerian banks pay their staff the most and the least in 2024  https://nairametrics.com/2025/04/22/which-nigerian-banks-pay-their-staff-the-most-and-the-least-in-2024/ https://nairametrics.com/2025/04/22/which-nigerian-banks-pay-their-staff-the-most-and-the-least-in-2024/#respond Tue, 22 Apr 2025 11:15:51 +0000 https://nairametrics.com/?p=513728 As inflation persists and the war for top talent intensifies, Nigerian banks are responding in markedly different ways when it comes to employee pay.

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]]> https://nairametrics.com/2025/04/22/which-nigerian-banks-pay-their-staff-the-most-and-the-least-in-2024/feed/ 0 513728 Trump imposes 14% tariff on Nigeria’s export to the United States of America https://nairametrics.com/2025/04/02/trump-imposes-14-tariff-on-nigerias-export-to-the-united-states-of-america/ https://nairametrics.com/2025/04/02/trump-imposes-14-tariff-on-nigerias-export-to-the-united-states-of-america/#respond Wed, 02 Apr 2025 21:31:25 +0000 https://nairametrics.com/?p=512522 In a sweeping move that could redefine global commerce, U.S. President Donald Trump has announced a baseline 10% tariff on all U.S. imports,

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]]> https://nairametrics.com/2025/04/02/trump-imposes-14-tariff-on-nigerias-export-to-the-united-states-of-america/feed/ 0 512522 MRS Oil reports 71.2% rise in revenues as consumer demand rises https://nairametrics.com/2025/03/28/mrs-oil-reports-71-2-rise-in-revenues-as-consumer-demand-rises/ https://nairametrics.com/2025/03/28/mrs-oil-reports-71-2-rise-in-revenues-as-consumer-demand-rises/#respond Fri, 28 Mar 2025 09:12:29 +0000 https://nairametrics.com/?p=512092 MRS Oil Nigeria Plc released its 2024 full-year audited accounts, showing revenue surged 71.2% to N312.2 billion.

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]]> https://nairametrics.com/2025/03/28/mrs-oil-reports-71-2-rise-in-revenues-as-consumer-demand-rises/feed/ 0 512092 Abbey Mortgage Bank: A rising star in Nigeria’s financial sector  https://nairametrics.com/2025/03/22/abbey-mortgage-bank-a-rising-star-in-nigerias-financial-sector/ https://nairametrics.com/2025/03/22/abbey-mortgage-bank-a-rising-star-in-nigerias-financial-sector/#respond Sat, 22 Mar 2025 09:45:27 +0000 https://nairametrics.com/?p=511635 Abbey has now rallied 291% in five years, climbing from N0.92 in 2019 to N3.60. 

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]]> https://nairametrics.com/2025/03/22/abbey-mortgage-bank-a-rising-star-in-nigerias-financial-sector/feed/ 0 511635 Trump Tariffs: List of key U.S. imports to Nigeria that could face price hikes   https://nairametrics.com/2025/02/03/trump-tariffs-list-of-key-u-s-imports-to-nigeria-that-could-face-price-hikes/ https://nairametrics.com/2025/02/03/trump-tariffs-list-of-key-u-s-imports-to-nigeria-that-could-face-price-hikes/#respond Mon, 03 Feb 2025 08:59:34 +0000 https://nairametrics.com/?p=507968 Nigeria’s trade relationship with the United States has come under scrutiny as U.S. President Donald Trump imposed massive tariffs on three of America’s largest trade partners Mexico, Canada, and China.

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]]> https://nairametrics.com/2025/02/03/trump-tariffs-list-of-key-u-s-imports-to-nigeria-that-could-face-price-hikes/feed/ 0 507968 Trump Tariffs: Nigeria one of 48 countries that has trade deficits with the US https://nairametrics.com/2025/02/03/trump-tariffs-nigeria-one-of-48-countries-that-has-trade-deficits-with-the-us/ https://nairametrics.com/2025/02/03/trump-tariffs-nigeria-one-of-48-countries-that-has-trade-deficits-with-the-us/#respond Mon, 03 Feb 2025 06:28:16 +0000 https://nairametrics.com/?p=507958 Nigeria is one of the 48 countries that has a trade deficit with the United States of America, a major trading partner of one of Africa’s largest economy.

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]]> https://nairametrics.com/2025/02/03/trump-tariffs-nigeria-one-of-48-countries-that-has-trade-deficits-with-the-us/feed/ 0 507958 76% of Nigerians call for lower Interest Rates amid economic pressures, says CBN Survey  https://nairametrics.com/2024/11/13/76-of-nigerians-call-for-lower-interest-rates-amid-economic-pressures-says-cbn-survey/ https://nairametrics.com/2024/11/13/76-of-nigerians-call-for-lower-interest-rates-amid-economic-pressures-says-cbn-survey/#respond Wed, 13 Nov 2024 18:18:11 +0000 https://nairametrics.com/?p=502283 The Central Bank of Nigeria's (CBN) October 2024 Inflation Expectations Survey (IES) has revealed a strong desire among Nigerians for lower interest rates, with 76% of respondents advocating for a rate reduction.  

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]]> https://nairametrics.com/2024/11/13/76-of-nigerians-call-for-lower-interest-rates-amid-economic-pressures-says-cbn-survey/feed/ 0 502283 Nigeria’s manufacturing sector turns to local sourcing amid 1.66% decline in real output  https://nairametrics.com/2024/11/11/nigerias-manufacturing-sector-turns-to-local-sourcing-amid-1-66-decline-in-real-output/ https://nairametrics.com/2024/11/11/nigerias-manufacturing-sector-turns-to-local-sourcing-amid-1-66-decline-in-real-output/#respond Mon, 11 Nov 2024 21:50:01 +0000 https://nairametrics.com/?p=502090 Nigeria’s manufacturing sector is navigating a challenging landscape in 2024, with a modest decline in real output and capacity utilization, according to the latest report from the Manufacturers Association of Nigeria (MAN).

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]]> https://nairametrics.com/2024/11/11/nigerias-manufacturing-sector-turns-to-local-sourcing-amid-1-66-decline-in-real-output/feed/ 0 502090 Nigeria posts $5.14 billion in Current Account Surplus, bolstering forex stability https://nairametrics.com/2024/11/06/nigeria-posts-5-14-billion-in-current-account-surplus-bolstering-forex-stability/ https://nairametrics.com/2024/11/06/nigeria-posts-5-14-billion-in-current-account-surplus-bolstering-forex-stability/#respond Wed, 06 Nov 2024 05:21:24 +0000 https://nairametrics.com/?p=501738 Nigeria recorded a current account surplus of $5.14 billion, or 11.46% of GDP, in Q2 2024, representing a significant improvement from the $3.38 billion (7.35% of GDP) surplus reported in the previous quarter.

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]]> https://nairametrics.com/2024/11/06/nigeria-posts-5-14-billion-in-current-account-surplus-bolstering-forex-stability/feed/ 0 501738 MTN Nigeria to issue N50 billion in new Commercial Paper to support working capital  https://nairametrics.com/2024/11/04/mtn-nigeria-to-issue-n50-billion-in-new-commercial-paper-to-support-working-capital/ https://nairametrics.com/2024/11/04/mtn-nigeria-to-issue-n50-billion-in-new-commercial-paper-to-support-working-capital/#respond Mon, 04 Nov 2024 13:14:40 +0000 https://nairametrics.com/?p=501617 MTN Nigeria Communications PLC (MTN Nigeria) has announced plans to raise N50 billion through its latest issuance of commercial paper (CP) under its N250 billion Commercial Paper Issuance Programme.  

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]]> https://nairametrics.com/2024/11/04/mtn-nigeria-to-issue-n50-billion-in-new-commercial-paper-to-support-working-capital/feed/ 0 501617 GTCO pre-tax profits hit N1.2 trillion in first 9 months of 2024 https://nairametrics.com/2024/10/30/gtco-pre-tax-profits-hit-n1-2-trillion-in-first-9-months-of-2024/ https://nairametrics.com/2024/10/30/gtco-pre-tax-profits-hit-n1-2-trillion-in-first-9-months-of-2024/#respond Wed, 30 Oct 2024 09:20:36 +0000 https://nairametrics.com/?p=501242 GTCO Plc released its third-quarter results, showing that pre-tax profits rose to N215.69 billion, compared to N105.8 billion recorded in the corresponding quarter of 2023.

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]]> https://nairametrics.com/2024/10/30/gtco-pre-tax-profits-hit-n1-2-trillion-in-first-9-months-of-2024/feed/ 0 501242 Geregu Power Plc doubles profits in first 9 months of 2024 amid share price surge https://nairametrics.com/2024/10/10/geregu-power-plc-doubles-profits-in-first-9-months-of-2024-amid-share-price-surge/ https://nairametrics.com/2024/10/10/geregu-power-plc-doubles-profits-in-first-9-months-of-2024-amid-share-price-surge/#respond Thu, 10 Oct 2024 14:00:52 +0000 https://nairametrics.com/?p=499845 Geregu Power Plc, Nigeria first listed power generation company, released its 2024 nine months results showing pre-tax profits doubled to N36.2 billion.

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]]> https://nairametrics.com/2024/10/10/geregu-power-plc-doubles-profits-in-first-9-months-of-2024-amid-share-price-surge/feed/ 0 499845 GTCO reports N1 trillion pre-tax profit in 6 months, first to hit milestone https://nairametrics.com/2024/09/11/gtco-reports-n1-trillion-pre-tax-profit-in-6-months-first-to-hit-milestone/ https://nairametrics.com/2024/09/11/gtco-reports-n1-trillion-pre-tax-profit-in-6-months-first-to-hit-milestone/#respond Wed, 11 Sep 2024 16:11:01 +0000 https://nairametrics.com/?p=497720 GTCO Plc released its second quarter audited financial statements showing a pre-tax profit of N494.5 billion nearly double the same profits reported a year earlier.

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]]> https://nairametrics.com/2024/09/11/gtco-reports-n1-trillion-pre-tax-profit-in-6-months-first-to-hit-milestone/feed/ 0 497720 Stanbic IBTC reports N84.2 billion pre-tax profits up 80.4%, best quarter ever https://nairametrics.com/2024/09/03/breaking-stanbic-ibtc-reports-n84-2-billion-pre-tax-profits-best-quarter-ever/ https://nairametrics.com/2024/09/03/breaking-stanbic-ibtc-reports-n84-2-billion-pre-tax-profits-best-quarter-ever/#respond Tue, 03 Sep 2024 14:42:12 +0000 https://nairametrics.com/?p=497177 Stanbic IBTC Plc reported its second-quarter results, showing pre-tax profits soaring by 80.4% to N84.2 billion for the three months ending in June 2024.

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]]> https://nairametrics.com/2024/09/03/breaking-stanbic-ibtc-reports-n84-2-billion-pre-tax-profits-best-quarter-ever/feed/ 0 497177 Nigerians Stocks close August in red as investors dither on the economy https://nairametrics.com/2024/09/02/nigerians-stocks-close-august-in-red-as-investors-dither-on-the-economy/ https://nairametrics.com/2024/09/02/nigerians-stocks-close-august-in-red-as-investors-dither-on-the-economy/#respond Mon, 02 Sep 2024 06:03:48 +0000 https://nairametrics.com/?p=497052 The Nigeria All Share Index closed the month of August in negative territory as investors battled with a flurry of macroeconomic headwinds and uncertainty around bank recapitalization.

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]]> https://nairametrics.com/2024/09/02/nigerians-stocks-close-august-in-red-as-investors-dither-on-the-economy/feed/ 0 497052 NNPC reports N246 trillion in total assets, surpassing Nigeria’s GDP https://nairametrics.com/2024/08/21/nnpc-reports-n246-trillion-in-total-assets-surpassing-nigerias-gdp/ https://nairametrics.com/2024/08/21/nnpc-reports-n246-trillion-in-total-assets-surpassing-nigerias-gdp/#respond Wed, 21 Aug 2024 05:57:12 +0000 https://nairametrics.com/?p=496234 Nigeria’s state oil company, NNPC Limited, has released its 2023 full-year audited results, showing a total assets of N246 trillion.

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]]> https://nairametrics.com/2024/08/21/nnpc-reports-n246-trillion-in-total-assets-surpassing-nigerias-gdp/feed/ 0 496234 Windfall tax spooks investors as bank stocks fall to lowest level in a month https://nairametrics.com/2024/07/28/windfall-tax-spooks-investors-as-bank-stocks-fall-to-lowest-level-in-a-month/ https://nairametrics.com/2024/07/28/windfall-tax-spooks-investors-as-bank-stocks-fall-to-lowest-level-in-a-month/#respond Sun, 28 Jul 2024 10:14:52 +0000 https://nairametrics.com/?p=494592 Nigerian banks sustained a bearish run last week as investors reacted to the planned 70% windfall tax to be imposed on the capital gains earned from forex between 2023 and 2025.

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]]> https://nairametrics.com/2024/07/28/windfall-tax-spooks-investors-as-bank-stocks-fall-to-lowest-level-in-a-month/feed/ 0 494592 PFAs channel 72% of investment to fixed income assets in 2023 https://nairametrics.com/2024/04/17/pfas-channel-72-of-investment-to-fixed-income-assets-in-2023/ https://nairametrics.com/2024/04/17/pfas-channel-72-of-investment-to-fixed-income-assets-in-2023/#respond Wed, 17 Apr 2024 16:39:42 +0000 https://nairametrics.com/?p=486046 Pension Fund Administrators (PFAs) in Nigeria favoured fixed income investments over other asset classes in 2023 with a preponderance of funds channelled towards investments in the said category.

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]]> https://nairametrics.com/2024/04/17/pfas-channel-72-of-investment-to-fixed-income-assets-in-2023/feed/ 0 486046