Financial Analysis Archives - Nairametrics https://nairametrics.com/category/market-news/financial/ Destination for Business news and analysis from Africa's largest economy Fri, 14 Jun 2024 08:46:41 +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 Financial Analysis Archives - Nairametrics https://nairametrics.com/category/market-news/financial/ 32 32 201037849 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 Analysis: 2023 Premium Pension Corporate and Pension Fund Accounts for the year ended December 2023 https://nairametrics.com/2024/04/29/analysis-2023-premium-pension-corporate-and-pension-fund-accounts-for-the-year-ended-december-2023/ https://nairametrics.com/2024/04/29/analysis-2023-premium-pension-corporate-and-pension-fund-accounts-for-the-year-ended-december-2023/#respond Mon, 29 Apr 2024 10:09:01 +0000 https://nairametrics.com/?p=487177 Premium Pension ended the 2023 financial year with 794,946 RSA holders in the 7 publicly available pension funds it manages.

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]]> https://nairametrics.com/2024/04/29/analysis-2023-premium-pension-corporate-and-pension-fund-accounts-for-the-year-ended-december-2023/feed/ 0 487177 Transcorp Power reports N28.772 billion pre-tax profit in Q1 2024 https://nairametrics.com/2024/04/19/transcorp-power-reports-n28-772-billion-pre-tax-profit-in-q1-2024/ https://nairametrics.com/2024/04/19/transcorp-power-reports-n28-772-billion-pre-tax-profit-in-q1-2024/#respond Fri, 19 Apr 2024 10:07:12 +0000 https://nairametrics.com/?p=486263 Transcorp Power Plc has reported a pre-tax profit of N28.772 billion for the Q1 ended March 31, 2024.

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]]> https://nairametrics.com/2024/04/19/transcorp-power-reports-n28-772-billion-pre-tax-profit-in-q1-2024/feed/ 0 486263 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 Nigerian Pension Industry: You should NOT mark your own investment performance examination papers https://nairametrics.com/2024/04/15/nigerian-pension-industry-you-should-not-mark-your-own-investment-performance-examination-papers/ https://nairametrics.com/2024/04/15/nigerian-pension-industry-you-should-not-mark-your-own-investment-performance-examination-papers/#respond Mon, 15 Apr 2024 11:36:49 +0000 https://nairametrics.com/?p=485801 Nigerian pension industry has taken the reins of its own performance reporting with the release of PenOp's ‘Inaugural Performance Report’, titled ‘Uniform Performance Reporting.

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]]> https://nairametrics.com/2024/04/15/nigerian-pension-industry-you-should-not-mark-your-own-investment-performance-examination-papers/feed/ 0 485801 20TC: Access, UBA and Zenith, total assets exceed ‘N20 trillion, form largest banking trio in Nigeria https://nairametrics.com/2024/04/09/access-uba-and-zenith-total-assets-exceed-n20-trillion/ https://nairametrics.com/2024/04/09/access-uba-and-zenith-total-assets-exceed-n20-trillion/#respond Tue, 09 Apr 2024 13:53:59 +0000 https://nairametrics.com/?p=485354 UBA and Zenith Bank have joined Access Corporation in the N20 trillion club (20TC) in terms of total assets.

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]]> https://nairametrics.com/2024/04/09/access-uba-and-zenith-total-assets-exceed-n20-trillion/feed/ 0 485354 Financial analysts forecast high yield for Transcorp Power shares  https://nairametrics.com/2024/03/11/financial-analysts-forecast-high-yield-for-transcorp-power-shares/ https://nairametrics.com/2024/03/11/financial-analysts-forecast-high-yield-for-transcorp-power-shares/#respond Mon, 11 Mar 2024 19:06:15 +0000 https://nairametrics.com/?p=482411 Some financial analysts have anticipated high yields for Transcorp Power shares, identifying potential opportunities for savvy investors. 

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]]> https://nairametrics.com/2024/03/11/financial-analysts-forecast-high-yield-for-transcorp-power-shares/feed/ 0 482411 Access Holdings gets regulatory approval to acquire majority stake in ARM Pensions  https://nairametrics.com/2024/01/27/access-holdings-gets-regulatory-approval-to-acquire-majority-stake-in-arm-pensions/ https://nairametrics.com/2024/01/27/access-holdings-gets-regulatory-approval-to-acquire-majority-stake-in-arm-pensions/#respond Sat, 27 Jan 2024 11:15:43 +0000 https://nairametrics.com/?p=478370 Access Holdings Plc has disclosed that Access Golf Nigeria Limited, a majority shareholder of Access Pensions Limited and a subsidiary of Access Holdings, has received the necessary regulatory clearances for its proposed acquisition of a majority equity stake in ARM Pensions Managers (PFA) Limited (ARM). 

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]]> https://nairametrics.com/2024/01/27/access-holdings-gets-regulatory-approval-to-acquire-majority-stake-in-arm-pensions/feed/ 0 478370 Recap: Companies that exited Nigeria in 2023  https://nairametrics.com/2023/12/28/recap-companies-that-exited-nigeria-in-2023/ https://nairametrics.com/2023/12/28/recap-companies-that-exited-nigeria-in-2023/#comments Thu, 28 Dec 2023 07:32:34 +0000 https://nairametrics.com/?p=475902 From tech startups like Lazarpay to multinational giants like GlaxoSmithKline and Procter & Gamble, the exodus was profound, signalling the profound impact of macroeconomic woes on these ventures.  

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]]> https://nairametrics.com/2023/12/28/recap-companies-that-exited-nigeria-in-2023/feed/ 1 475902 Nigerian companies hit huge cash pile of N2.3 trillion, largest in recent history https://nairametrics.com/2023/12/28/nigerian-companies-hit-huge-cash-pile-of-n2-3-trillion-largest-in-recent-history/ https://nairametrics.com/2023/12/28/nigerian-companies-hit-huge-cash-pile-of-n2-3-trillion-largest-in-recent-history/#respond Thu, 28 Dec 2023 07:12:12 +0000 https://nairametrics.com/?p=475898 Nigerian companies entered the final quarter of the year with a cash reserve of N2.3 trillion, the largest cash balance in recent history.

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]]> https://nairametrics.com/2023/12/28/nigerian-companies-hit-huge-cash-pile-of-n2-3-trillion-largest-in-recent-history/feed/ 0 475898 Emefiele Investigation: Union Bank, Titan Trust Bank acquisition face uncertain Future https://nairametrics.com/2023/12/25/emefiele-investigation-union-bank-titan-trust-bank-acquisition-face-uncertain-future/ https://nairametrics.com/2023/12/25/emefiele-investigation-union-bank-titan-trust-bank-acquisition-face-uncertain-future/#comments Mon, 25 Dec 2023 06:00:23 +0000 https://nairametrics.com/?p=475716 Union Bank of Nigeria Plc and Titan Trust Bank (TTB), face an uncertain future following the latest special investigation report on the activities of the central bank under Godwin Emefiele.

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]]> https://nairametrics.com/2023/12/25/emefiele-investigation-union-bank-titan-trust-bank-acquisition-face-uncertain-future/feed/ 2 475716 Stanbic IBTC: Sustaining the SUV Model https://nairametrics.com/2023/12/05/stanbic-ibtc-sustaining-the-suv-model/ https://nairametrics.com/2023/12/05/stanbic-ibtc-sustaining-the-suv-model/#respond Tue, 05 Dec 2023 07:00:09 +0000 https://nairametrics.com/?p=473797 After facing its first profit-before-tax decline in five years in 2021, Stanbic IBTC rebounded in 2022 and has remained resilient with impressive growth in both the top line and bottom line.

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]]> https://nairametrics.com/2023/12/05/stanbic-ibtc-sustaining-the-suv-model/feed/ 0 473797 Insurance companies collected N729.1 billion in premiums in the first three quarters of 2023  https://nairametrics.com/2023/12/02/insurance-companies-collected-n729-1-billion-in-premiums-in-the-first-three-quarters-of-2023/ https://nairametrics.com/2023/12/02/insurance-companies-collected-n729-1-billion-in-premiums-in-the-first-three-quarters-of-2023/#comments Sat, 02 Dec 2023 09:24:04 +0000 https://nairametrics.com/?p=473564 Insurance companies generated N729.1 billion in premiums during the first three quarters of 2023, marking a substantial increase of N196 billion compared to the N532.7 billion generated in the corresponding period of 2022. 

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]]> https://nairametrics.com/2023/12/02/insurance-companies-collected-n729-1-billion-in-premiums-in-the-first-three-quarters-of-2023/feed/ 1 473564 Weak naira threatens Tinubu’s $1 trillion economy ambition as devaluation lessens GDP value in dollar terms https://nairametrics.com/2023/11/27/weak-naira-threatens-tinubus-1-trillion-economy-ambition-as-devaluation-lessens-gdp-value-in-dollar-terms/ https://nairametrics.com/2023/11/27/weak-naira-threatens-tinubus-1-trillion-economy-ambition-as-devaluation-lessens-gdp-value-in-dollar-terms/#respond Mon, 27 Nov 2023 11:53:32 +0000 https://nairametrics.com/?p=472986 The instability in the forex exchange market and the weakness of the naira pose a significant threat to Nigeria’s ambition of becoming a $1 trillion economy.

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]]> https://nairametrics.com/2023/11/27/weak-naira-threatens-tinubus-1-trillion-economy-ambition-as-devaluation-lessens-gdp-value-in-dollar-terms/feed/ 0 472986 Audit, law, consulting, other firms earn N87 billion from banks in 9m 2023 https://nairametrics.com/2023/11/27/audit-law-consulting-other-firms-earn-n87-billion-from-banks-in-9m-2023/ https://nairametrics.com/2023/11/27/audit-law-consulting-other-firms-earn-n87-billion-from-banks-in-9m-2023/#respond Mon, 27 Nov 2023 07:07:08 +0000 https://nairametrics.com/?p=472966 An analysis by Nairametrics Research has revealed that twelve publicly listed commercial banks paid over N87.1 billion to audit, consulting and other professional services firms between January and September 2023.

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]]> https://nairametrics.com/2023/11/27/audit-law-consulting-other-firms-earn-n87-billion-from-banks-in-9m-2023/feed/ 0 472966 What will save the naira? https://nairametrics.com/2023/11/10/what-will-save-the-naira/ https://nairametrics.com/2023/11/10/what-will-save-the-naira/#comments Fri, 10 Nov 2023 04:53:01 +0000 https://nairametrics.com/?p=471495 Following a steep plunge in the value of the naira on the parallel market over the past four months, there has been a respite over the past several days.

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]]> https://nairametrics.com/2023/11/10/what-will-save-the-naira/feed/ 1 471495 Improved Financial Intermediation seen as key to achieving Tinubu’s N1 trillion economy targets   https://nairametrics.com/2023/11/06/improved-financial-intermediation-seen-as-key-to-achieving-tinubus-n1-trillion-economy-targets/ https://nairametrics.com/2023/11/06/improved-financial-intermediation-seen-as-key-to-achieving-tinubus-n1-trillion-economy-targets/#respond Mon, 06 Nov 2023 07:29:21 +0000 https://nairametrics.com/?p=471011 The quest by the Tinubu administration to revive the Nigerian economy and grow it to a $1 trillion GDP will no doubt require massive local and foreign investments.  

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]]> https://nairametrics.com/2023/11/06/improved-financial-intermediation-seen-as-key-to-achieving-tinubus-n1-trillion-economy-targets/feed/ 0 471011 FG opens offers for N150bn sukuk bonds at 15.75% interest per annum https://nairametrics.com/2023/10/03/fg-opens-offers-for-n150bn-sukuk-bonds-at-15-75-interest-per-annum/ https://nairametrics.com/2023/10/03/fg-opens-offers-for-n150bn-sukuk-bonds-at-15-75-interest-per-annum/#comments Tue, 03 Oct 2023 10:22:25 +0000 https://nairametrics.com/?p=467408 The Federal government through the Debt Management Office (DMO) has opened offers for subscriptions for 10 years Ijarah Sukuk.

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]]> https://nairametrics.com/2023/10/03/fg-opens-offers-for-n150bn-sukuk-bonds-at-15-75-interest-per-annum/feed/ 2 467408 CBN audit report would be available soon – FG https://nairametrics.com/2023/09/26/cbn-audit-report-would-be-available-soon-fg/ https://nairametrics.com/2023/09/26/cbn-audit-report-would-be-available-soon-fg/#respond Tue, 26 Sep 2023 11:07:29 +0000 https://nairametrics.com/?p=466659 The Federal Government has revealed that the report of the audit of the Central Bank of Nigeria (CBN) by a special investigator would be out soon.

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]]> https://nairametrics.com/2023/09/26/cbn-audit-report-would-be-available-soon-fg/feed/ 0 466659 Analysis: Tangerine APT Pensions for the year ended December 2022 https://nairametrics.com/2023/09/13/analysis-tangerine-apt-pensions-for-the-year-ended-december-2022/ https://nairametrics.com/2023/09/13/analysis-tangerine-apt-pensions-for-the-year-ended-december-2022/#respond Wed, 13 Sep 2023 11:27:54 +0000 https://nairametrics.com/?p=464961 Tangerine APT Pensions ended the 2022 financial year with 264,947 RSA holders in the 7 publicly available RSA funds, an increase of 105,948 RSA holders from 158,999 accounts in 2021.

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]]> https://nairametrics.com/2023/09/13/analysis-tangerine-apt-pensions-for-the-year-ended-december-2022/feed/ 0 464961