Analysts Nairametrics, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Wed, 17 Apr 2024 16:58:28 +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 Analysts Nairametrics, Author at Nairametrics 32 32 201037849 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 BREAKING: Geregu Power reports blistering 308% gain in pre-tax profits  https://nairametrics.com/2024/04/09/geregu-power-reports-blistering-308-gain-in-pre-tax-profits/ https://nairametrics.com/2024/04/09/geregu-power-reports-blistering-308-gain-in-pre-tax-profits/#respond Tue, 09 Apr 2024 12:22:04 +0000 https://nairametrics.com/?p=485349 Nigeria's first publicly listed power company, Geregu Power, released its first-quarter earnings for 2024, showing a revenue of N50.4 billion.

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]]> https://nairametrics.com/2024/04/09/geregu-power-reports-blistering-308-gain-in-pre-tax-profits/feed/ 0 485349 GTCO reports record N539.6 billion profit in 2023, bolstered by revaluation gains https://nairametrics.com/2024/04/09/gtco-reports-record-n539-6-billion-profit-in-2023-bolstered-by-revaluation-gains/ https://nairametrics.com/2024/04/09/gtco-reports-record-n539-6-billion-profit-in-2023-bolstered-by-revaluation-gains/#respond Tue, 09 Apr 2024 00:10:35 +0000 https://nairametrics.com/?p=485307 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 delineates the sources of the gross earnings. Interest income stands out as a substantial contributor, comprising 46.42% of the gross earnings.   The Group also reported […]

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]]> https://nairametrics.com/2024/04/09/gtco-reports-record-n539-6-billion-profit-in-2023-bolstered-by-revaluation-gains/feed/ 0 485307 UBA Group reports record N607 billion profit, buoyed by higher interest income, fx gains https://nairametrics.com/2024/04/09/uba-group-reports-record-n607-billion-profit-buoyed-by-higher-interest-income-fx-gains/ https://nairametrics.com/2024/04/09/uba-group-reports-record-n607-billion-profit-buoyed-by-higher-interest-income-fx-gains/#comments Mon, 08 Apr 2024 23:59:22 +0000 https://nairametrics.com/?p=485305 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 earlier.

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]]> https://nairametrics.com/2024/04/09/uba-group-reports-record-n607-billion-profit-buoyed-by-higher-interest-income-fx-gains/feed/ 1 485305 Zenith Bank reports ‘best ever’ profit of N679.9 billion in 2023 https://nairametrics.com/2024/04/08/zenith-bank-reports-best-ever-profit-of-n679-9-billion-in-2023/ https://nairametrics.com/2024/04/08/zenith-bank-reports-best-ever-profit-of-n679-9-billion-in-2023/#comments Mon, 08 Apr 2024 22:56:05 +0000 https://nairametrics.com/?p=485303 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. 

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]]> https://nairametrics.com/2024/04/08/zenith-bank-reports-best-ever-profit-of-n679-9-billion-in-2023/feed/ 2 485303 Time ticking for Unity Bank as it projects a N20.7 billion loss https://nairametrics.com/2024/03/12/unity-bank-projects-loss-of-n20-7-billion-in-q2-2024/ https://nairametrics.com/2024/03/12/unity-bank-projects-loss-of-n20-7-billion-in-q2-2024/#respond Tue, 12 Mar 2024 11:03:46 +0000 https://nairametrics.com/?p=482446 Unity Bank Nigeria Plc is projecting a pre-tax loss of N20.7 billion in the second quarter of 2024 highlighting the financial challenges faced by the bank.

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]]> https://nairametrics.com/2024/03/12/unity-bank-projects-loss-of-n20-7-billion-in-q2-2024/feed/ 0 482446 TotalEnergies Nigeria projects negative cash balance of N64.5 billion in Q2, 2024 https://nairametrics.com/2024/03/09/totalenergies-nigeria-projects-negative-cash-balance-of-n64-5-billion-in-q2-2024/ https://nairametrics.com/2024/03/09/totalenergies-nigeria-projects-negative-cash-balance-of-n64-5-billion-in-q2-2024/#respond Sat, 09 Mar 2024 20:10:17 +0000 https://nairametrics.com/?p=482207 TotalEnergies Marketing Nigeria Plc is projecting a pre-tax profit of N6.4 billion in the second quarter of 2024, amidst cash flow squeeze

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]]> https://nairametrics.com/2024/03/09/totalenergies-nigeria-projects-negative-cash-balance-of-n64-5-billion-in-q2-2024/feed/ 0 482207 Geregu Power projects 100% growth in profits in 2024 Q2 https://nairametrics.com/2024/03/09/geregu-power-projects-100-growth-in-profits-in-2024-q2/ https://nairametrics.com/2024/03/09/geregu-power-projects-100-growth-in-profits-in-2024-q2/#respond Sat, 09 Mar 2024 19:01:35 +0000 https://nairametrics.com/?p=482205 Geregu Power Plc has released its earnings forecast projecting a 2024 second-quarter profit before tax of N14 billion. 

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]]> https://nairametrics.com/2024/03/09/geregu-power-projects-100-growth-in-profits-in-2024-q2/feed/ 0 482205 Lafarge Africa reports N51.1 billion profits despite incurring N21 billion in FX losses https://nairametrics.com/2024/03/01/lafarge-africa-reports-n51-1-billion-profits-despite-incurring-n21-billion-in-fx-losses/ https://nairametrics.com/2024/03/01/lafarge-africa-reports-n51-1-billion-profits-despite-incurring-n21-billion-in-fx-losses/#respond Fri, 01 Mar 2024 00:35:38 +0000 https://nairametrics.com/?p=481377 Despite this, Lafarge Africa produced one of the better results published by a manufacturing company in Nigeria in 2023.

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]]> https://nairametrics.com/2024/03/01/lafarge-africa-reports-n51-1-billion-profits-despite-incurring-n21-billion-in-fx-losses/feed/ 0 481377 BUA Cement 2023 profit declines 31% to N69.45 billon due to FX losses https://nairametrics.com/2024/03/01/bua-cement-2023-profit-declines-31-to-n69-45-billon-due-to-fx-losses/ https://nairametrics.com/2024/03/01/bua-cement-2023-profit-declines-31-to-n69-45-billon-due-to-fx-losses/#respond Thu, 29 Feb 2024 23:46:07 +0000 https://nairametrics.com/?p=481375 BUA Cement Plc reported a profit after tax of N69.45 billion for the financial year ended December 2023, representing a 31.2% decline year-on-year.

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]]> https://nairametrics.com/2024/03/01/bua-cement-2023-profit-declines-31-to-n69-45-billon-due-to-fx-losses/feed/ 0 481375 Equity investors lose N700 billion, a day after MPC interest rate hike https://nairametrics.com/2024/02/28/equity-investors-lose-n700-billion-a-day-after-mpc-interest-rate-hike/ https://nairametrics.com/2024/02/28/equity-investors-lose-n700-billion-a-day-after-mpc-interest-rate-hike/#respond Wed, 28 Feb 2024 15:01:40 +0000 https://nairametrics.com/?p=481187 Nigeria's stock market, the Nigerian Exchange Group (NGX), experienced a significant sell-off on Wednesday, with investors witnessing a 1.27% decline in the benchmark All-Share Index.

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]]> https://nairametrics.com/2024/02/28/equity-investors-lose-n700-billion-a-day-after-mpc-interest-rate-hike/feed/ 0 481187 Nestle Nigeria reports N104 billion loss in 2023, shareholders funds wiped out https://nairametrics.com/2024/02/28/nestle-nigeria-reports-n104-billion-loss-in-2023-shareholders-funds-wiped-out/ https://nairametrics.com/2024/02/28/nestle-nigeria-reports-n104-billion-loss-in-2023-shareholders-funds-wiped-out/#comments Wed, 28 Feb 2024 09:27:15 +0000 https://nairametrics.com/?p=481183 Nestle Nigeria Plc has reported a loss before tax of N104 billion for the year ended 2023 compared to a profit before tax of N71 billion.

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]]> https://nairametrics.com/2024/02/28/nestle-nigeria-reports-n104-billion-loss-in-2023-shareholders-funds-wiped-out/feed/ 2 481183 Nigeria’s FX reserve rose to $34 billion – Cardoso https://nairametrics.com/2024/02/27/nigerias-fx-reserve-rose-to-34-billion-cardoso/ https://nairametrics.com/2024/02/27/nigerias-fx-reserve-rose-to-34-billion-cardoso/#respond Tue, 27 Feb 2024 13:34:10 +0000 https://nairametrics.com/?p=481082 Nigeria's forex reserves have risen to $34 billion according to the governor of Nigeria's central bank, Olayemi Cardoso.

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]]> https://nairametrics.com/2024/02/27/nigerias-fx-reserve-rose-to-34-billion-cardoso/feed/ 0 481082 Explainer: The 188MW Geometric Power Plant and its impact on Aba residents https://nairametrics.com/2024/02/27/explainer-the-188mw-geometric-power-plant-and-its-impact-on-aba-residents/ https://nairametrics.com/2024/02/27/explainer-the-188mw-geometric-power-plant-and-its-impact-on-aba-residents/#comments Tue, 27 Feb 2024 10:28:08 +0000 https://nairametrics.com/?p=481054 The inauguration of the 188MW Geometric Power Plant in Aba, Abia State, marks a pivotal development, poised to significantly alter the energy narrative for its residents.

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]]> https://nairametrics.com/2024/02/27/explainer-the-188mw-geometric-power-plant-and-its-impact-on-aba-residents/feed/ 2 481054 FMDQ Traders introduce cap bid/offer spread to N50 in new forex trading changes https://nairametrics.com/2024/02/23/fmdq-traders-introduce-cap-bid-offer-spread-to-n50-in-new-forex-trading-changes/ https://nairametrics.com/2024/02/23/fmdq-traders-introduce-cap-bid-offer-spread-to-n50-in-new-forex-trading-changes/#comments Fri, 23 Feb 2024 09:08:31 +0000 https://nairametrics.com/?p=480654 The FMDQ where forex is traded officially has implemented a +/-5% band around the previous day NAFEX while also caping bid/offer spread to N50. 

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]]> https://nairametrics.com/2024/02/23/fmdq-traders-introduce-cap-bid-offer-spread-to-n50-in-new-forex-trading-changes/feed/ 3 480654 PZ Cussons warns Shareholders: Liquidation or Asset sale possible without delisting approval https://nairametrics.com/2024/02/20/pz-cussons-warns-shareholders-liquidation-or-asset-sale-possible-without-delisting-approval/ https://nairametrics.com/2024/02/20/pz-cussons-warns-shareholders-liquidation-or-asset-sale-possible-without-delisting-approval/#respond Tue, 20 Feb 2024 18:42:45 +0000 https://nairametrics.com/?p=480418 PZ Cussons Nigeria Plc has issued a subtle warning to its shareholders regarding the potential dire consequences if the company's plans to delist from the Nigerian Exchange Group (NGX) are not approved.

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]]> https://nairametrics.com/2024/02/20/pz-cussons-warns-shareholders-liquidation-or-asset-sale-possible-without-delisting-approval/feed/ 0 480418 Top 10 Best Performing Nigerian Stocks at Christmas 2023 https://nairametrics.com/2023/12/25/top-10-best-performing-nigerian-stocks-at-christmas-2023/ https://nairametrics.com/2023/12/25/top-10-best-performing-nigerian-stocks-at-christmas-2023/#comments Mon, 25 Dec 2023 11:14:13 +0000 https://nairametrics.com/?p=475732 These stocks made the Nairametrics top ten table at Christmas for the most prestigious stocks on the NGX

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]]> https://nairametrics.com/2023/12/25/top-10-best-performing-nigerian-stocks-at-christmas-2023/feed/ 1 475732 Exchange rate falls to N847 in the official rate   https://nairametrics.com/2023/10/25/exchange-rate-falls-to-n847-in-the-official-rate/ https://nairametrics.com/2023/10/25/exchange-rate-falls-to-n847-in-the-official-rate/#comments Wed, 25 Oct 2023 07:32:53 +0000 https://nairametrics.com/?p=469834 The exchange rate between the naira and the dollar fell to N847/$1 on Tuesday. 

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]]> https://nairametrics.com/2023/10/25/exchange-rate-falls-to-n847-in-the-official-rate/feed/ 1 469834 Exchange rate opens week at N1,210/$1 on parallel market https://nairametrics.com/2023/10/23/exchange-rate-opens-week-at-n1210-1-on-parallel-market/ https://nairametrics.com/2023/10/23/exchange-rate-opens-week-at-n1210-1-on-parallel-market/#respond Mon, 23 Oct 2023 10:44:59 +0000 https://nairametrics.com/?p=469576 The exchange rate between the naira and dollar opened the week at N1,200/$1 on P2P platforms on Monday as traders continue to face demand pressures amidst dwindling supply.

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]]> https://nairametrics.com/2023/10/23/exchange-rate-opens-week-at-n1210-1-on-parallel-market/feed/ 0 469576 Geregu Power reports 42% rise in revenues, pre-tax profits also surge 25% to N17.4 billion https://nairametrics.com/2023/10/19/geregu-power-reports-42-rise-in-revenues-pre-tax-profits-also-surge-25-to-n17-4-billion/ https://nairametrics.com/2023/10/19/geregu-power-reports-42-rise-in-revenues-pre-tax-profits-also-surge-25-to-n17-4-billion/#respond Thu, 19 Oct 2023 04:38:47 +0000 https://nairametrics.com/?p=469181 Nigeria's leading power-generating company, Geregu Power reported a 42% surge in revenues in the first 9 months of 2023, despite harsh economic conditions.

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]]> https://nairametrics.com/2023/10/19/geregu-power-reports-42-rise-in-revenues-pre-tax-profits-also-surge-25-to-n17-4-billion/feed/ 0 469181