Exclusives Archives - Nairametrics https://nairametrics.com/category/exclusives/ Destination for Business news and analysis from Africa's largest economy Fri, 14 Jun 2024 10:37:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Exclusives Archives - Nairametrics https://nairametrics.com/category/exclusives/ 32 32 201037849 Transcorp Vs. UAC Nigeria – Who navigated better in 2023? https://nairametrics.com/2024/06/14/transcorp-vs-uac-nigeria-who-navigated-better-in-2023/ https://nairametrics.com/2024/06/14/transcorp-vs-uac-nigeria-who-navigated-better-in-2023/#respond Fri, 14 Jun 2024 09:23:11 +0000 https://nairametrics.com/?p=491245 Amid these turbulent economic conditions, Nigerian conglomerates have showcased resilience and adaptability.

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]]> https://nairametrics.com/2024/06/14/transcorp-vs-uac-nigeria-who-navigated-better-in-2023/feed/ 0 491245 Big 4 maintain market dominance as audit firms earn N17.34 billion fees in 2023 https://nairametrics.com/2024/06/14/big-4-maintain-market-dominance-as-audit-firms-earn-n17-34-billion-fees-in-2023/ https://nairametrics.com/2024/06/14/big-4-maintain-market-dominance-as-audit-firms-earn-n17-34-billion-fees-in-2023/#respond Fri, 14 Jun 2024 07:25:04 +0000 https://nairametrics.com/?p=491224 The big audit firms in Nigeria, KPMG, PWC, Deloitte, and EY, typically referred to as the Big Four maintained industry dominance yet again in 2023, as 50 of the most capitalized companies on the Nigerian exchange paid a total of N17.34 billion as audit fees.

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]]> https://nairametrics.com/2024/06/14/big-4-maintain-market-dominance-as-audit-firms-earn-n17-34-billion-fees-in-2023/feed/ 0 491224 Nigerians face most expensive Sallah in 30 years as price of ram, tomatoes, rice skyrocket   https://nairametrics.com/2024/06/14/nigerians-face-most-expensive-sallah-in-30-years-as-price-of-ram-tomatoes-rice-skyrocket/ https://nairametrics.com/2024/06/14/nigerians-face-most-expensive-sallah-in-30-years-as-price-of-ram-tomatoes-rice-skyrocket/#respond Fri, 14 Jun 2024 07:05:05 +0000 https://nairametrics.com/?p=491232 Nigerians are bracing up for the most expensive Sallah holidays in over 30 years as prices of essential food items such as rice, tomatoes and ram hit record highs.  

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]]> https://nairametrics.com/2024/06/14/nigerians-face-most-expensive-sallah-in-30-years-as-price-of-ram-tomatoes-rice-skyrocket/feed/ 0 491232 CIT collection in Q1 declines by 12.87% to N984.61 billion- NBS https://nairametrics.com/2024/06/11/cit-collection-in-q1-declines-by-12-87-to-n984-61-billion-nbs/ https://nairametrics.com/2024/06/11/cit-collection-in-q1-declines-by-12-87-to-n984-61-billion-nbs/#respond Tue, 11 Jun 2024 16:59:03 +0000 https://nairametrics.com/?p=491087 Company Income Tax (CIT) collection in the first three months declined by 12.87% from N1.13 trillion recorded in Q4, 2023 to N984.61 billion.

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]]> https://nairametrics.com/2024/06/11/cit-collection-in-q1-declines-by-12-87-to-n984-61-billion-nbs/feed/ 0 491087 Nigeria’s foreign debt service costs surge by 96% to $2.19 billion by May 2024  https://nairametrics.com/2024/06/11/nigerias-foreign-debt-service-costs-surge-by-96-to-2-19-billion-by-may-2024/ https://nairametrics.com/2024/06/11/nigerias-foreign-debt-service-costs-surge-by-96-to-2-19-billion-by-may-2024/#respond Tue, 11 Jun 2024 09:38:24 +0000 https://nairametrics.com/?p=491055 Nigeria has seen a significant surge in its foreign debt servicing costs, with an increase of 96% year-on-year, according to the latest data released by the Central Bank of Nigeria (CBN). 

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]]> https://nairametrics.com/2024/06/11/nigerias-foreign-debt-service-costs-surge-by-96-to-2-19-billion-by-may-2024/feed/ 0 491055 High interest rates, surging non-performing loans threaten loan app business in Nigeria  https://nairametrics.com/2024/06/11/high-interest-rates-surging-non-performing-loans-threaten-loan-app-business-in-nigeria/ https://nairametrics.com/2024/06/11/high-interest-rates-surging-non-performing-loans-threaten-loan-app-business-in-nigeria/#respond Tue, 11 Jun 2024 05:39:18 +0000 https://nairametrics.com/?p=491025 The digital lending space in Nigeria is currently in dire strait as both the lenders and the borrowers are lamenting increasing non-performing loans and the high cost of borrowing. 

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]]> https://nairametrics.com/2024/06/11/high-interest-rates-surging-non-performing-loans-threaten-loan-app-business-in-nigeria/feed/ 0 491025 Nigeria’s motorcycle imports surge by 204% in Q1 2024 on weak naira, India overtakes China as top supplier   https://nairametrics.com/2024/06/10/nigerias-motorcycle-imports-surge-by-204-in-q1-2024-on-weak-naira-india-overtakes-china-as-top-supplier/ https://nairametrics.com/2024/06/10/nigerias-motorcycle-imports-surge-by-204-in-q1-2024-on-weak-naira-india-overtakes-china-as-top-supplier/#respond Mon, 10 Jun 2024 09:05:50 +0000 https://nairametrics.com/?p=490958 Data from the National Bureau of Statistics reveal Nigeria recorded N117.4 billion as import cost for motorcycles in the first quarter of 2024 

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]]> https://nairametrics.com/2024/06/10/nigerias-motorcycle-imports-surge-by-204-in-q1-2024-on-weak-naira-india-overtakes-china-as-top-supplier/feed/ 0 490958 Ten most traded product categories in Nigeria in Q1 2024  https://nairametrics.com/2024/06/09/ten-most-traded-product-categories-in-nigeria-in-q1-2024/ https://nairametrics.com/2024/06/09/ten-most-traded-product-categories-in-nigeria-in-q1-2024/#respond Sun, 09 Jun 2024 18:43:16 +0000 https://nairametrics.com/?p=490947 Nigeria’s foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus of N6.52 trillion.

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]]> https://nairametrics.com/2024/06/09/ten-most-traded-product-categories-in-nigeria-in-q1-2024/feed/ 0 490947 Nigeria’s trade surplus hits new high of N6.52 trillion in Q1 2024  https://nairametrics.com/2024/06/09/nigerias-trade-surplus-hits-new-high-of-n6-52-trillion-in-q1-2024/ https://nairametrics.com/2024/06/09/nigerias-trade-surplus-hits-new-high-of-n6-52-trillion-in-q1-2024/#respond Sun, 09 Jun 2024 07:31:38 +0000 https://nairametrics.com/?p=490905 Nigeria's foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus of N6.52 trillion. 

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]]> https://nairametrics.com/2024/06/09/nigerias-trade-surplus-hits-new-high-of-n6-52-trillion-in-q1-2024/feed/ 0 490905 LASG seeks federal approval to manage federal highways, develop EV charging networks  https://nairametrics.com/2024/06/09/lasg-seeks-federal-approval-to-manage-federal-highways-develop-ev-charging-networks/ https://nairametrics.com/2024/06/09/lasg-seeks-federal-approval-to-manage-federal-highways-develop-ev-charging-networks/#respond Sun, 09 Jun 2024 06:20:09 +0000 https://nairametrics.com/?p=490904 The Lagos State Government is actively engaging with Federal authorities to delegate certain powers, including managing federal highways and developing networks of electric vehicle charging stations within the State. 

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]]> https://nairametrics.com/2024/06/09/lasg-seeks-federal-approval-to-manage-federal-highways-develop-ev-charging-networks/feed/ 0 490904 Why corruption and Nigeria’s civil service go hand in hand  https://nairametrics.com/2024/06/09/why-corruption-and-nigerias-civil-service-go-hand-in-hand/ https://nairametrics.com/2024/06/09/why-corruption-and-nigerias-civil-service-go-hand-in-hand/#comments Sun, 09 Jun 2024 05:30:25 +0000 https://nairametrics.com/?p=490901 Most civil servants in the FCT cannot afford the high cost of accommodation in Abuja; so they must live on the outskirts such as Kuje, Lugbe, Mararaba, Masaka, Suleja, etc.

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]]> https://nairametrics.com/2024/06/09/why-corruption-and-nigerias-civil-service-go-hand-in-hand/feed/ 1 490901 LASG announces plans to transform Lagos state from “monocentric” to “polycentric” metropolis  https://nairametrics.com/2024/06/08/lasg-announces-plans-to-transform-lagos-state-from-monocentric-to-polycentric-metropolis/ https://nairametrics.com/2024/06/08/lasg-announces-plans-to-transform-lagos-state-from-monocentric-to-polycentric-metropolis/#respond Sat, 08 Jun 2024 15:38:12 +0000 https://nairametrics.com/?p=490877 The Lagos State Government is looking to transform the present monocentric spatial development pattern in the state, where most activities are concentrated in a single central area, into a polycentric metropolis with multiple hubs for efficient commuting and enhanced urban living.

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]]> https://nairametrics.com/2024/06/08/lasg-announces-plans-to-transform-lagos-state-from-monocentric-to-polycentric-metropolis/feed/ 0 490877 Japa: 5 countries offering work visas with proof of funds requirements https://nairametrics.com/2024/06/08/japa-5-countries-offering-work-visas-with-proof-of-funds-requirements/ https://nairametrics.com/2024/06/08/japa-5-countries-offering-work-visas-with-proof-of-funds-requirements/#respond Sat, 08 Jun 2024 15:05:42 +0000 https://nairametrics.com/?p=490885 Find out the proof of funds requirements for 5 countries offering work visas

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]]> https://nairametrics.com/2024/06/08/japa-5-countries-offering-work-visas-with-proof-of-funds-requirements/feed/ 0 490885 Nigerians flock to India for medical treatments, exposing healthcare gaps at home https://nairametrics.com/2024/06/08/nigerians-flock-to-india-for-medical-treatments-exposing-healthcare-gaps-at-home/ https://nairametrics.com/2024/06/08/nigerians-flock-to-india-for-medical-treatments-exposing-healthcare-gaps-at-home/#respond Sat, 08 Jun 2024 08:42:13 +0000 https://nairametrics.com/?p=490856 In recent years, Indian hospitals have become a beacon of hope for many Nigerians seeking advanced medical treatments.

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]]> https://nairametrics.com/2024/06/08/nigerians-flock-to-india-for-medical-treatments-exposing-healthcare-gaps-at-home/feed/ 0 490856 Despite trillions in intervention funds, agriculture sector GDP is shrinking https://nairametrics.com/2024/06/07/despite-trillions-in-intervention-funds-agriculture-sector-gdp-is-shrinking/ https://nairametrics.com/2024/06/07/despite-trillions-in-intervention-funds-agriculture-sector-gdp-is-shrinking/#comments Fri, 07 Jun 2024 09:09:39 +0000 https://nairametrics.com/?p=490803 The performance of the agricultural sector in the first quarter of the year reflects the current situation with food security across the country.

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]]> https://nairametrics.com/2024/06/07/despite-trillions-in-intervention-funds-agriculture-sector-gdp-is-shrinking/feed/ 2 490803 Nigerian banks pay N166.4 billion to NDIC as Deposit Insurance premium in 2023  https://nairametrics.com/2024/06/07/nigerian-banks-pay-n166-4-billion-to-ndic-as-deposit-insurance-premium-in-2023/ https://nairametrics.com/2024/06/07/nigerian-banks-pay-n166-4-billion-to-ndic-as-deposit-insurance-premium-in-2023/#respond Fri, 07 Jun 2024 05:41:50 +0000 https://nairametrics.com/?p=490790  Nine publicly listed commercial banks paid a sum of N166.4 billion as deposit insurance premium to the Nigerian Deposit Insurance Corporation (NDIC) in 2023, a 29.3% increase compared to the N128.7 billion recorded in the previous year. 

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]]> https://nairametrics.com/2024/06/07/nigerian-banks-pay-n166-4-billion-to-ndic-as-deposit-insurance-premium-in-2023/feed/ 0 490790 Licensed builders blame proliferation of quacks for spate of building collapses https://nairametrics.com/2024/06/06/licensed-builders-blame-proliferation-of-quacks-for-spate-of-building-collapses/ https://nairametrics.com/2024/06/06/licensed-builders-blame-proliferation-of-quacks-for-spate-of-building-collapses/#respond Thu, 06 Jun 2024 08:00:45 +0000 https://nairametrics.com/?p=490724 In Nigeria's building and construction sector, a troubling challenge persists: the widespread proliferation of quacks who engage in construction work without the necessary licenses, certifications, or expertise.

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]]> https://nairametrics.com/2024/06/06/licensed-builders-blame-proliferation-of-quacks-for-spate-of-building-collapses/feed/ 0 490724 Top 10 states with highest intercity bus fares in April 2024 https://nairametrics.com/2024/06/05/top-10-states-with-highest-intercity-bus-fares-in-april-2024/ https://nairametrics.com/2024/06/05/top-10-states-with-highest-intercity-bus-fares-in-april-2024/#respond Wed, 05 Jun 2024 08:15:13 +0000 https://nairametrics.com/?p=490622 This article explores the top 10 states with the highest intercity bus fares in April 2024 according to the National Bureau of Statistics (NBS) Transport Fare Watch for April 2024.

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]]> https://nairametrics.com/2024/06/05/top-10-states-with-highest-intercity-bus-fares-in-april-2024/feed/ 0 490622 Ten banks contribute N33.7 billion to Nigeria’s tech development fund in 2023  https://nairametrics.com/2024/06/04/ten-banks-contribute-n33-7-billion-to-nigerias-tech-development-fund-in-2023/ https://nairametrics.com/2024/06/04/ten-banks-contribute-n33-7-billion-to-nigerias-tech-development-fund-in-2023/#respond Tue, 04 Jun 2024 05:31:47 +0000 https://nairametrics.com/?p=490558 Ten commercial banks in Nigeria contributed a total of N33.7 billion to the Nigeria Information Technology Development Fund (NITDEF) in 2023.  

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]]> https://nairametrics.com/2024/06/04/ten-banks-contribute-n33-7-billion-to-nigerias-tech-development-fund-in-2023/feed/ 0 490558 Lawyers are divided over legitimacy of labour’s minimum wage strike that has resulted in a nationwide blackout https://nairametrics.com/2024/06/04/lawyers-are-divided-over-legitimacy-of-labours-minimum-wage-strike-that-has-resulted-in-a-nationwide-blackout/ https://nairametrics.com/2024/06/04/lawyers-are-divided-over-legitimacy-of-labours-minimum-wage-strike-that-has-resulted-in-a-nationwide-blackout/#respond Tue, 04 Jun 2024 05:13:09 +0000 https://nairametrics.com/?p=490553 Nigerian lawyers are divided over the Nigeria Labour Congress (NLC)'s ongoing strike action regarding its proposed N494,000 minimum wage demand, with some saying it aligns with relevant laws and others faulting the action.

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]]> https://nairametrics.com/2024/06/04/lawyers-are-divided-over-legitimacy-of-labours-minimum-wage-strike-that-has-resulted-in-a-nationwide-blackout/feed/ 0 490553