David Olujinmi, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Fri, 14 Jun 2024 17:16:35 +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 David Olujinmi, Author at Nairametrics 32 32 201037849 FACTCHECK: BlackRock’s ‘$400 million’ ETF is not “leaving Nigeria” https://nairametrics.com/2024/06/14/factcheck-blackrocks-400-million-etf-is-not-leaving-nigeria/ https://nairametrics.com/2024/06/14/factcheck-blackrocks-400-million-etf-is-not-leaving-nigeria/#respond Fri, 14 Jun 2024 16:41:49 +0000 https://nairametrics.com/?p=491287 Several media reports stating that a $400 million Exchange-Traded Fund (ETF) owned by BlackRock is “leaving” Nigeria is not true. 

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]]> https://nairametrics.com/2024/06/14/factcheck-blackrocks-400-million-etf-is-not-leaving-nigeria/feed/ 0 491287 Multichoice Group has an account balance of N31.6 billion with Heritage Bank   https://nairametrics.com/2024/06/14/multichoice-group-has-an-account-balance-of-n31-6-billion-with-heritage-bank/ https://nairametrics.com/2024/06/14/multichoice-group-has-an-account-balance-of-n31-6-billion-with-heritage-bank/#respond Fri, 14 Jun 2024 09:17:10 +0000 https://nairametrics.com/?p=491246 Multichoice Group, owners of DSTV, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation.  

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]]> https://nairametrics.com/2024/06/14/multichoice-group-has-an-account-balance-of-n31-6-billion-with-heritage-bank/feed/ 0 491246 Wole Oshin Custodian Investment Plc, MD/CEO acquires 19.5 million more shares to maintain control  https://nairametrics.com/2024/06/14/wole-oshin-custodian-investment-plc-md-ceo-acquires-19-5-million-more-shares-to-maintain-control/ https://nairametrics.com/2024/06/14/wole-oshin-custodian-investment-plc-md-ceo-acquires-19-5-million-more-shares-to-maintain-control/#respond Fri, 14 Jun 2024 06:36:08 +0000 https://nairametrics.com/?p=491230 The Managing Director of Custodian Investment Plc, Mr. Wole Oshin, has acquired an additional 19,531,250 Custodian Investment shares at an aggregated share price of N10.56.

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]]> https://nairametrics.com/2024/06/14/wole-oshin-custodian-investment-plc-md-ceo-acquires-19-5-million-more-shares-to-maintain-control/feed/ 0 491230 Nigerian Breweries posts N29.9 billion equity gain, as stock market appreciates by 0.2%  https://nairametrics.com/2024/06/13/nigerian-breweries-posts-n29-9-billion-equity-gain-as-stock-market-appreciates-by-0-2/ https://nairametrics.com/2024/06/13/nigerian-breweries-posts-n29-9-billion-equity-gain-as-stock-market-appreciates-by-0-2/#respond Thu, 13 Jun 2024 20:00:15 +0000 https://nairametrics.com/?p=491213 Nigerian Breweries Plc (NB) was the best-performing stock in the NGX today, gaining 10%, marking a N29.9 billion equity gain. The stock closed at N31.90 from an opening price of N29.00.  

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]]> https://nairametrics.com/2024/06/13/nigerian-breweries-posts-n29-9-billion-equity-gain-as-stock-market-appreciates-by-0-2/feed/ 0 491213 Presco welcomes new management as former Olam Vice President, Reji George takes over as CEO https://nairametrics.com/2024/06/12/presco-welcomes-new-management-as-former-olam-vice-president-reji-george-takes-over-as-ceo/ https://nairametrics.com/2024/06/12/presco-welcomes-new-management-as-former-olam-vice-president-reji-george-takes-over-as-ceo/#respond Wed, 12 Jun 2024 12:40:48 +0000 https://nairametrics.com/?p=491132 Presco Plc has announced the appointment of Mr. Reji George as the new Managing Director of the company, effective June 7, 2024.

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]]> https://nairametrics.com/2024/06/12/presco-welcomes-new-management-as-former-olam-vice-president-reji-george-takes-over-as-ceo/feed/ 0 491132 Why Tolaram’s N104 billion acquisition of Guinness Nigeria is a game changer https://nairametrics.com/2024/06/12/why-tolarams-n104-billion-acquisition-of-guinness-nigeria-is-a-game-changer/ https://nairametrics.com/2024/06/12/why-tolarams-n104-billion-acquisition-of-guinness-nigeria-is-a-game-changer/#comments Wed, 12 Jun 2024 09:19:40 +0000 https://nairametrics.com/?p=491127 On June 11, 2024, Diageo announced it had entered a deal to sell its 58.02% stake in Guinness Nigeria Plc to Tolaram, bringing an end to over five decades of direct ownership of the Nigerian subsidiary.

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]]> https://nairametrics.com/2024/06/12/why-tolarams-n104-billion-acquisition-of-guinness-nigeria-is-a-game-changer/feed/ 2 491127 TotalEnergies and Presco soar as MTN’s N195 billion loss downs the market  https://nairametrics.com/2024/06/11/totalenergies-and-presco-soar-as-mtns-n195-billion-loss-downs-the-market/ https://nairametrics.com/2024/06/11/totalenergies-and-presco-soar-as-mtns-n195-billion-loss-downs-the-market/#respond Tue, 11 Jun 2024 19:45:22 +0000 https://nairametrics.com/?p=491098 TotalEnergies Marketing and Presco posted massive gains today in the NGX, gaining 9.98% and 9.97% respectively.

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]]> https://nairametrics.com/2024/06/11/totalenergies-and-presco-soar-as-mtns-n195-billion-loss-downs-the-market/feed/ 0 491098 Guinness share price surges on announcement of Tolaram takeover   https://nairametrics.com/2024/06/11/guinness-share-price-surges-on-announcement-of-tolaram-takeover/ https://nairametrics.com/2024/06/11/guinness-share-price-surges-on-announcement-of-tolaram-takeover/#respond Tue, 11 Jun 2024 11:50:03 +0000 https://nairametrics.com/?p=491072 Guinness Nigeria’s share price has gained over 8%, trading at N55.60 as of mid-day on June 11, 2024. The gain is coming on the heels of an announced takeover of Guinness Nigeria by Tolaram. 

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]]> https://nairametrics.com/2024/06/11/guinness-share-price-surges-on-announcement-of-tolaram-takeover/feed/ 0 491072 Access Bank enters Tanzanian market, completes acquisition of African Banking Corporation of Tanzania  https://nairametrics.com/2024/06/11/access-bank-enters-tanzanian-market-completes-acquisition-of-african-banking-corporation-of-tanzania/ https://nairametrics.com/2024/06/11/access-bank-enters-tanzanian-market-completes-acquisition-of-african-banking-corporation-of-tanzania/#respond Tue, 11 Jun 2024 07:33:02 +0000 https://nairametrics.com/?p=491045 Access Bank Plc, a subsidiary of Access Holdings Plc has completed the acquisition of African Banking Corporation of Tanzania (ABCT).  

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]]> https://nairametrics.com/2024/06/11/access-bank-enters-tanzanian-market-completes-acquisition-of-african-banking-corporation-of-tanzania/feed/ 0 491045 Fidelity Bank records single-day turnover volume of over 600 million shares https://nairametrics.com/2024/06/11/fidelity-bank-records-single-day-turnover-volume-of-over-600-million-shares/ https://nairametrics.com/2024/06/11/fidelity-bank-records-single-day-turnover-volume-of-over-600-million-shares/#respond Tue, 11 Jun 2024 06:12:00 +0000 https://nairametrics.com/?p=491032 Fidelity Bank was by far the most traded stock in the NGX today, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80.

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]]> https://nairametrics.com/2024/06/11/fidelity-bank-records-single-day-turnover-volume-of-over-600-million-shares/feed/ 0 491032 Geregu Power forecasts 148% year-on-year profit growth for Q3 2024 https://nairametrics.com/2024/06/10/geregu-power-forecasts-148-year-on-year-profit-growth-for-q3-2024/ https://nairametrics.com/2024/06/10/geregu-power-forecasts-148-year-on-year-profit-growth-for-q3-2024/#respond Mon, 10 Jun 2024 14:32:37 +0000 https://nairametrics.com/?p=491005 Geregu Power Plc has forecasted a profit after tax of N9.9 billion for Q3 2024, representing a 148% year-on-year increase from the N3.98 billion net income posted in Q3 2023.

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]]> https://nairametrics.com/2024/06/10/geregu-power-forecasts-148-year-on-year-profit-growth-for-q3-2024/feed/ 0 491005 Ecobank to raise $600 million debt in the next one year  https://nairametrics.com/2024/06/10/ecobank-to-raise-600-million-debt-in-the-next-one-year/ https://nairametrics.com/2024/06/10/ecobank-to-raise-600-million-debt-in-the-next-one-year/#respond Mon, 10 Jun 2024 09:15:59 +0000 https://nairametrics.com/?p=490965 Ecobank Transnational Incorporated (ETI) will raise $600 million through senior secured debts and tier-2 debts over the next year.  

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]]> https://nairametrics.com/2024/06/10/ecobank-to-raise-600-million-debt-in-the-next-one-year/feed/ 0 490965 Stocks end first week in June in losses, but these stocks gained over 20%  https://nairametrics.com/2024/06/09/stocks-end-first-week-in-june-in-losses-but-these-stocks-gained-over-20/ https://nairametrics.com/2024/06/09/stocks-end-first-week-in-june-in-losses-but-these-stocks-gained-over-20/#respond Sun, 09 Jun 2024 08:50:45 +0000 https://nairametrics.com/?p=490915 The first week of June concluded with a broadly bearish sentiment on the Nigerian Exchange (NGX), as the overall market witnessed declines.

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]]> https://nairametrics.com/2024/06/09/stocks-end-first-week-in-june-in-losses-but-these-stocks-gained-over-20/feed/ 0 490915 International Energy Insurance Plc announces N1 billion mandatory takeover by Norrenberger Advisory Partners https://nairametrics.com/2024/06/08/international-energy-insurance-plc-announces-n1-billion-mandatory-takeover-by-norrenberger-advisory-partners/ https://nairametrics.com/2024/06/08/international-energy-insurance-plc-announces-n1-billion-mandatory-takeover-by-norrenberger-advisory-partners/#respond Sat, 08 Jun 2024 09:33:03 +0000 https://nairametrics.com/?p=490858 Insurance company International Energy Insurance PLC (IEI) has announced it has received a mandatory takeover bid from Norrenberger Advisory Partners Limited (NAPL).

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]]> https://nairametrics.com/2024/06/08/international-energy-insurance-plc-announces-n1-billion-mandatory-takeover-by-norrenberger-advisory-partners/feed/ 0 490858 Presco’s shareholders approve N24.3 billion final dividends for 2023, total dividend yields hit 13.6% https://nairametrics.com/2024/06/08/prescos-shareholders-approve-n24-3-billion-final-dividends-for-2023-total-dividend-yields-hit-13-6/ https://nairametrics.com/2024/06/08/prescos-shareholders-approve-n24-3-billion-final-dividends-for-2023-total-dividend-yields-hit-13-6/#respond Sat, 08 Jun 2024 09:26:17 +0000 https://nairametrics.com/?p=490859 Shareholders at the 31st Annual General Meeting (AGM) of Presco Plc, approved a final dividend of N24.30 per ordinary share of 50 Kobo, totaling N24.3 billion, as recommended by the Board of Directors for the financial year ended December 31, 2023.

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]]> https://nairametrics.com/2024/06/08/prescos-shareholders-approve-n24-3-billion-final-dividends-for-2023-total-dividend-yields-hit-13-6/feed/ 0 490859 Thomas Etuh takes over at Notore as company undergoes management changes https://nairametrics.com/2024/06/07/thomas-etuh-takes-over-at-notore-as-company-undergoes-management-changes/ https://nairametrics.com/2024/06/07/thomas-etuh-takes-over-at-notore-as-company-undergoes-management-changes/#respond Fri, 07 Jun 2024 12:30:23 +0000 https://nairametrics.com/?p=490823 Notore Chemical Industries Plc has undergone significant management changes, evidenced by the resignation of seven non-executive directors and the Group Deputy Managing Director, as of May 31, 2024.

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]]> https://nairametrics.com/2024/06/07/thomas-etuh-takes-over-at-notore-as-company-undergoes-management-changes/feed/ 0 490823 NVIDIA: What you need to know about the company that’s 12x the size of Nigeria’s economy https://nairametrics.com/2024/06/06/nvidia-what-you-need-to-know-about-the-company-thats-12x-the-size-of-nigerias-economy/ https://nairametrics.com/2024/06/06/nvidia-what-you-need-to-know-about-the-company-thats-12x-the-size-of-nigerias-economy/#comments Thu, 06 Jun 2024 17:39:46 +0000 https://nairametrics.com/?p=490775 During trading hours on June 5, 2024, processor maker, Nvidia, surpassed the $3 trillion valuation mark, and became the second most valuable public company in the world, ahead of Apple Inc

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]]> https://nairametrics.com/2024/06/06/nvidia-what-you-need-to-know-about-the-company-thats-12x-the-size-of-nigerias-economy/feed/ 1 490775 Airtel Africa to pay N276 billion total dividend for 2023, chooses N1,485.99 as exchange rate for final dividend   https://nairametrics.com/2024/06/06/airtel-africa-to-pay-n276-billion-total-dividend-for-2023-chooses-n1485-99-as-exchange-rate-for-final-dividend/ https://nairametrics.com/2024/06/06/airtel-africa-to-pay-n276-billion-total-dividend-for-2023-chooses-n1485-99-as-exchange-rate-for-final-dividend/#respond Thu, 06 Jun 2024 09:04:54 +0000 https://nairametrics.com/?p=490732 Airtel Africa has selected N1485.99/$ as the exchange rate for its 2023 final dividend.

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]]> https://nairametrics.com/2024/06/06/airtel-africa-to-pay-n276-billion-total-dividend-for-2023-chooses-n1485-99-as-exchange-rate-for-final-dividend/feed/ 0 490732 Oando resumes trading on the Johannesburg Stock Exchange   https://nairametrics.com/2024/06/05/oando-resumes-trading-on-the-johannesburg-stock-exchange/ https://nairametrics.com/2024/06/05/oando-resumes-trading-on-the-johannesburg-stock-exchange/#respond Wed, 05 Jun 2024 14:11:18 +0000 https://nairametrics.com/?p=490676 Oando Plc has announced the resumption of its stock on the Johannesburg Stock Exchange, less than 3 months after the equity was suspended from listing on the JSE.  

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]]> https://nairametrics.com/2024/06/05/oando-resumes-trading-on-the-johannesburg-stock-exchange/feed/ 0 490676 VFD Group to sell off 30% of its stake in Abbey Mortgage Bank   https://nairametrics.com/2024/06/05/vfd-group-to-sell-off-30-of-its-stake-in-abbey-mortgage-bank/ https://nairametrics.com/2024/06/05/vfd-group-to-sell-off-30-of-its-stake-in-abbey-mortgage-bank/#respond Wed, 05 Jun 2024 05:28:29 +0000 https://nairametrics.com/?p=490620 The board of VFD Group has agreed to sell off 30% of its holdings in Abbey Mortgage Bank. This resolution was made during the group’s Board of Directors meeting on May 30, 2024.  

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]]> https://nairametrics.com/2024/06/05/vfd-group-to-sell-off-30-of-its-stake-in-abbey-mortgage-bank/feed/ 0 490620