Idika Aja, Author at Nairametrics 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 Idika Aja, Author at Nairametrics 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 Mansard’s 704% profit surge masks core operational concerns https://nairametrics.com/2024/06/06/mansards-704-profit-surge-masks-core-operational-concerns/ https://nairametrics.com/2024/06/06/mansards-704-profit-surge-masks-core-operational-concerns/#respond Thu, 06 Jun 2024 06:07:38 +0000 https://nairametrics.com/?p=490707 Mansard's recent Q1 2024 earnings report has captivated attention and applause. With an astounding 704% surge in pre-tax profits, the company seems poised for outstanding performance in 2024.

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]]> https://nairametrics.com/2024/06/06/mansards-704-profit-surge-masks-core-operational-concerns/feed/ 0 490707 Agusto & Co. upgrades Wema Bank Plc to “Bbb+”  https://nairametrics.com/2024/06/05/agusto-co-upgrades-wema-bank-plc-to-bbb/ https://nairametrics.com/2024/06/05/agusto-co-upgrades-wema-bank-plc-to-bbb/#respond Wed, 05 Jun 2024 16:15:20 +0000 https://nairametrics.com/?p=490689 In its June 2024 report, Agusto & Co., a credit rating agency, upgraded Wema Bank Plc from a “Bbb” rating issued in June 2023 to a “Bbb+” rating.  

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]]> https://nairametrics.com/2024/06/05/agusto-co-upgrades-wema-bank-plc-to-bbb/feed/ 0 490689 Nigerian Banks that made the most profit from outside Nigeria in 2023 https://nairametrics.com/2024/05/30/nigerian-banks-that-made-the-most-profit-from-outside-nigeria-in-2023/ https://nairametrics.com/2024/05/30/nigerian-banks-that-made-the-most-profit-from-outside-nigeria-in-2023/#respond Thu, 30 May 2024 05:22:25 +0000 https://nairametrics.com/?p=490165 Nigerian banks recorded an impressive performance in 2023, driven by policy shifts including increased interest rates to combat inflation and Naira devaluation, which led to foreign exchange gains and substantial growth in interest income.

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]]> https://nairametrics.com/2024/05/30/nigerian-banks-that-made-the-most-profit-from-outside-nigeria-in-2023/feed/ 0 490165 2023 FY: VFD Group reports first loss as a publicly listed company https://nairametrics.com/2024/05/25/2023-fy-vfd-group-reports-first-loss-as-a-publicly-listed-company/ https://nairametrics.com/2024/05/25/2023-fy-vfd-group-reports-first-loss-as-a-publicly-listed-company/#respond Sat, 25 May 2024 18:24:17 +0000 https://nairametrics.com/?p=489919 VFD Group released its 2023 full-year results showing gross earnings rose 31.9% to N45.1 billion. 

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]]> https://nairametrics.com/2024/05/25/2023-fy-vfd-group-reports-first-loss-as-a-publicly-listed-company/feed/ 0 489919 Why pension index stocks are under-performing https://nairametrics.com/2024/05/22/why-pension-index-stocks-are-under-performing/ https://nairametrics.com/2024/05/22/why-pension-index-stocks-are-under-performing/#respond Wed, 22 May 2024 05:53:47 +0000 https://nairametrics.com/?p=489588 The NGX Pension Index is designed to measure the performance of the top 40 companies on the Nigerian Exchange (NGX) in terms of market capitalization and liquidity. 

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]]> https://nairametrics.com/2024/05/22/why-pension-index-stocks-are-under-performing/feed/ 0 489588 Guinness, International Breweries, vs. Nigerian Breweries – Who Suffered the Most in 2023?  https://nairametrics.com/2024/05/20/guinness-international-breweries-vs-nigerian-breweries-who-suffered-the-most-in-2023/ https://nairametrics.com/2024/05/20/guinness-international-breweries-vs-nigerian-breweries-who-suffered-the-most-in-2023/#respond Mon, 20 May 2024 05:39:13 +0000 https://nairametrics.com/?p=489406 Nigerian Brewer/Distiller companies have been significantly impacted by macroeconomic challenges; the devaluation of the Naira and rising inflation and interest rates. 

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]]> https://nairametrics.com/2024/05/20/guinness-international-breweries-vs-nigerian-breweries-who-suffered-the-most-in-2023/feed/ 0 489406 Okomu Oil Vs. Presco Oil: Data shows one company outdid the other in 2023 https://nairametrics.com/2024/05/16/okomu-oil-vs-presco-oil-data-shows-one-company-outdid-the-other-in-2023/ https://nairametrics.com/2024/05/16/okomu-oil-vs-presco-oil-data-shows-one-company-outdid-the-other-in-2023/#comments Thu, 16 May 2024 07:37:03 +0000 https://nairametrics.com/?p=489097 The Palm Oil sector has always presented a beacon for investors due to the seeming wide gap between the demand for the product and the supply, which has not been met.

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]]> https://nairametrics.com/2024/05/16/okomu-oil-vs-presco-oil-data-shows-one-company-outdid-the-other-in-2023/feed/ 1 489097 Dangote Cement vs BUA Cement vs Lafarge – Who did better in 2023? https://nairametrics.com/2024/05/13/dangote-cement-vs-bua-cement-vs-lafarge-who-did-better-in-2023/ https://nairametrics.com/2024/05/13/dangote-cement-vs-bua-cement-vs-lafarge-who-did-better-in-2023/#respond Mon, 13 May 2024 07:32:07 +0000 https://nairametrics.com/?p=488705 Despite sustaining profitability, unlike other sectors, particularly, the consumer goods, cement companies experienced a decline in profitability attributed to elevated foreign exchange costs and high-interest experiences.

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]]> https://nairametrics.com/2024/05/13/dangote-cement-vs-bua-cement-vs-lafarge-who-did-better-in-2023/feed/ 0 488705 Airtel Africa’s share buyback strategy despite losses https://nairametrics.com/2024/05/11/airtel-africas-share-buyback-strategy-despite-losses/ https://nairametrics.com/2024/05/11/airtel-africas-share-buyback-strategy-despite-losses/#respond Sat, 11 May 2024 18:27:45 +0000 https://nairametrics.com/?p=488641 Airtel Africa in February 2024, announced its intention to initiate a share buyback program following the disclosure of a negative Basic EPS in its financial results for the first nine months of 2024.

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]]> https://nairametrics.com/2024/05/11/airtel-africas-share-buyback-strategy-despite-losses/feed/ 0 488641 Are Dangote Cement’s measures for cost optimization working?  https://nairametrics.com/2024/05/07/are-dangote-cements-measures-for-cost-optimization-working/ https://nairametrics.com/2024/05/07/are-dangote-cements-measures-for-cost-optimization-working/#respond Tue, 07 May 2024 08:35:45 +0000 https://nairametrics.com/?p=488127 In the realm of corporate strategy, the pursuit of cost optimization stands as a pivotal endeavor, particularly in industries susceptible to fluctuating economic conditions.  

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]]> https://nairametrics.com/2024/05/07/are-dangote-cements-measures-for-cost-optimization-working/feed/ 0 488127 Fidelity Bank’s Q1 120% profit surge to boost recapitalization plans https://nairametrics.com/2024/05/06/fidelity-banks-q1-120-profit-surge-to-boost-recapitalization-plans/ https://nairametrics.com/2024/05/06/fidelity-banks-q1-120-profit-surge-to-boost-recapitalization-plans/#respond Mon, 06 May 2024 08:30:21 +0000 https://nairametrics.com/?p=487969 Fidelity Bank released its unaudited financial results for Q1 2024, showing pre-tax profit rose 120.14% to N39.497 billion.

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]]> https://nairametrics.com/2024/05/06/fidelity-banks-q1-120-profit-surge-to-boost-recapitalization-plans/feed/ 0 487969 UBA’s first quarter profits rise by 154% on the back of higher interest income https://nairametrics.com/2024/05/04/ubas-first-quarter-profits-rise-by-154-on-the-back-of-higher-interest-income/ https://nairametrics.com/2024/05/04/ubas-first-quarter-profits-rise-by-154-on-the-back-of-higher-interest-income/#respond Sat, 04 May 2024 20:27:02 +0000 https://nairametrics.com/?p=487904 UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. 

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]]> https://nairametrics.com/2024/05/04/ubas-first-quarter-profits-rise-by-154-on-the-back-of-higher-interest-income/feed/ 0 487904 Zenith Bank reports a pre-tax profit of N320.194 billion in Q1 2024 https://nairametrics.com/2024/05/04/zenith-bank-reports-a-pre-tax-profit-of-n320-194-billion-in-q1-2024/ https://nairametrics.com/2024/05/04/zenith-bank-reports-a-pre-tax-profit-of-n320-194-billion-in-q1-2024/#respond Sat, 04 May 2024 13:58:45 +0000 https://nairametrics.com/?p=487893 Zenith Bank Plc, one of Nigeria's leading banks, released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N320.194 billion. 

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]]> https://nairametrics.com/2024/05/04/zenith-bank-reports-a-pre-tax-profit-of-n320-194-billion-in-q1-2024/feed/ 0 487893 BUA Cement continues with its profit decline streak in Q1 2024 https://nairametrics.com/2024/05/03/bua-cement-continues-with-its-profit-decline-streak-in-q1-2024/ https://nairametrics.com/2024/05/03/bua-cement-continues-with-its-profit-decline-streak-in-q1-2024/#respond Fri, 03 May 2024 05:38:31 +0000 https://nairametrics.com/?p=487708 BUA Cement Plc has released its financial results for Q1 2024, marking yet another period of profit decline with a pre-tax profit down 39.97% to N21.286 billion, compared to N35.461 billion reported in Q1 2023. 

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]]> https://nairametrics.com/2024/05/03/bua-cement-continues-with-its-profit-decline-streak-in-q1-2024/feed/ 0 487708 Q1 2024: Eternal Oil reports a pre-tax loss of N3.3 billion driven by FX losses https://nairametrics.com/2024/05/02/q1-2024-eternal-oil-reports-a-pre-tax-loss-of-n3-3-billion-driven-by-fx-losses/ https://nairametrics.com/2024/05/02/q1-2024-eternal-oil-reports-a-pre-tax-loss-of-n3-3-billion-driven-by-fx-losses/#respond Thu, 02 May 2024 05:50:18 +0000 https://nairametrics.com/?p=487582 Eternal Oil Plc has released its financial performance for Q1 2024, disclosing a pre-tax loss of N3.302 billion, a stark contrast to the N1.29 billion pre-tax profit reported in Q1 2023. 

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]]> https://nairametrics.com/2024/05/02/q1-2024-eternal-oil-reports-a-pre-tax-loss-of-n3-3-billion-driven-by-fx-losses/feed/ 0 487582 FCMB’s Pre-tax profit surges by 193% in Q1 2024 https://nairametrics.com/2024/05/01/fcmbs-pre-tax-profit-surges-by-193-in-q1-2024/ https://nairametrics.com/2024/05/01/fcmbs-pre-tax-profit-surges-by-193-in-q1-2024/#respond Wed, 01 May 2024 10:24:28 +0000 https://nairametrics.com/?p=487482 FCMB Group Plc released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N31.344 billion, marking a significant 193% increase year-on-year 

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]]> https://nairametrics.com/2024/05/01/fcmbs-pre-tax-profit-surges-by-193-in-q1-2024/feed/ 0 487482 Okomu Oil reports N23.033 billion pre-tax profit in Q1 2024 https://nairametrics.com/2024/04/30/okomu-oil-reports-n23-033-billion-pre-tax-profit-in-q1-2024/ https://nairametrics.com/2024/04/30/okomu-oil-reports-n23-033-billion-pre-tax-profit-in-q1-2024/#respond Tue, 30 Apr 2024 13:08:22 +0000 https://nairametrics.com/?p=487404 Okomu Oil Palm Plc has reported a pre-tax profit of N23.033 billion for the Q1 ended March 31, 2024, representing a 54.77% year-on-year (YoY) increase. 

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]]> https://nairametrics.com/2024/04/30/okomu-oil-reports-n23-033-billion-pre-tax-profit-in-q1-2024/feed/ 0 487404 UAC of Nigeria reports N9.030 billion pre-tax profit in Q1 2024 https://nairametrics.com/2024/04/30/uac-of-nigeria-reports-n9-030-billion-pre-tax-profit-in-q1-2024/ https://nairametrics.com/2024/04/30/uac-of-nigeria-reports-n9-030-billion-pre-tax-profit-in-q1-2024/#respond Tue, 30 Apr 2024 08:22:15 +0000 https://nairametrics.com/?p=487373 UAC of Nigeria Plc has reported a pre-tax profit of N9.030 billion for the Q1 ended March 31, 2024, representing 1,064% year-on-year (YoY) increase. 

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]]> https://nairametrics.com/2024/04/30/uac-of-nigeria-reports-n9-030-billion-pre-tax-profit-in-q1-2024/feed/ 0 487373 MRS reports N3.076 billion pre-tax profit in Q1 2024 https://nairametrics.com/2024/04/26/mrs-reports-n3-076-billion-pre-tax-profit-in-q1-2024/ https://nairametrics.com/2024/04/26/mrs-reports-n3-076-billion-pre-tax-profit-in-q1-2024/#respond Fri, 26 Apr 2024 17:15:33 +0000 https://nairametrics.com/?p=487036 MRS Oil Nigeria Plc has reported a pre-tax profit of N3.076 billion for the Q1 ended March 31, 2024, representing 58.34% year-on-year (YoY) increase. 

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]]> https://nairametrics.com/2024/04/26/mrs-reports-n3-076-billion-pre-tax-profit-in-q1-2024/feed/ 0 487036