Blurb Team @Nairametrics, Author at Nairametrics

Why Nigeria’s record trade surplus is a justification for a weaker naira

Blurb Team @Nairametrics — Thu, 13 Jun 2024 04:44:53 +0000

Advocates of weaker currencies, love to sing the praises of a floundering local currency.

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Analysis: Why fixing Nigeria’s low minimum wage is as important as containing high inflation

Blurb Team @Nairametrics — Tue, 04 Jun 2024 08:08:22 +0000

On Monday, June 3, 2024, the Nigerian Labour Congress (NLC) will be embarking on a Nationwide strike.

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Unlike Emefiele, Heritage Bank closure shows Cardoso’s CBN is willing to let banks fail

Blurb Team @Nairametrics — Tue, 04 Jun 2024 05:23:22 +0000

In a surprise move, the Central Bank of Nigeria (CBN) announced it has revoked Heritage Bank's operating license, effectively closing the institution and placing depositors at the mercy of the Nigeria Deposit Insurance Corporation (NDIC).

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From emperor to puppet: Proposed CBN Amendment threatens CBN’s independence

Blurb Team @Nairametrics — Fri, 31 May 2024 05:21:42 +0000

In the evolving landscape of global finance, the independence of central banks is sacrosanct, forming the cornerstone upon which monetary stability rests.

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Bank stocks face another bearish week as spate of right issues take its toll

Blurb Team @Nairametrics — Mon, 27 May 2024 07:49:22 +0000

Nigerian banks appear poised for another round of losses as investors continue to weigh their options regarding the impending bank recapitalization plans.

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Analysis: Why CBN’s interest rate hikes may not bring down inflation

Blurb Team @Nairametrics — Tue, 21 May 2024 05:56:19 +0000

Nigeria’s central bank monetary policy committee will announce to the world on Tuesday, May 21, 2024, whether they will continue with their hawkish monetary policy of raising rates or shock everyone by leaving it untouched.

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Analysis: Bosun Tijani’s high-stakes bet on a 90,000km Fibre Optic SPV

Blurb Team @Nairametrics — Fri, 17 May 2024 07:49:02 +0000

As Nigeria embarks on this transformative journey, the global digital economy will not wait for stragglers.

The post Analysis: Bosun Tijani’s high-stakes bet on a 90,000km Fibre Optic SPV appeared first on Nairametrics.

Analysis: Zenith Bank says N95 billion of its Oil and Gas loans are non-performing

Blurb Team @Nairametrics — Thu, 16 May 2024 00:58:58 +0000

Zenith Bank’s latest financials indicate a significant uptick in its loan portfolio, particularly in the oil and gas sector. By the end of fiscal year 2023, foreign currency loans surged to $3.79 billion, up from $3.32 billion the previous year. The oil and gas sector alone accounted for $1.91 billion, representing 50.3% of the bank’s […]

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When will CBN mandate challenger banks to publish their audited accounts?

Blurb Team @Nairametrics — Fri, 03 May 2024 08:55:58 +0000

Nigerian banks have proven to be highly profitable. Last year alone, the publicly listed Nigerian banks are projected to surpass N3.5 trillion in profits for 2023, more than doubling their earnings from 2022.

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Analysis: Nestle Nigeria clever move to reverse negative shareholder funds

Blurb Team @Nairametrics — Mon, 22 Apr 2024 16:25:50 +0000

In accounting, as in anything in life, cash is king. It doesn’t matter if your company has been posting consistent profits or owns the largest fleet of assets; without cash, it is as good as bankruptcy.

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Why MTN Nigeria’s shareholder funds wipe out is not a major concern for shareholders

Blurb Team @Nairametrics — Fri, 01 Mar 2024 09:13:48 +0000

MTN Nigeria recently released its 2023 FY results, reporting its first-ever loss of N177.8 billion, which resulted in a wipe-out of shareholders’ funds.

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Analysis: AB InBev’s International Breweries and its piling losses

Blurb Team @Nairametrics — Mon, 19 Feb 2024 22:05:14 +0000

AB InBev's Nigerian subsidiary, International Breweries, has amassed losses exceeding N200 billion over a span of seven years.

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CBN forex policies failing to work as exchange rate approaches N1,700/$1

Blurb Team @Nairametrics — Fri, 16 Feb 2024 19:55:47 +0000

The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official market.

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Nigerians experience the most expensive Valentine ever

Blurb Team @Nairametrics — Wed, 14 Feb 2024 13:19:33 +0000

As Nigerians gear up to celebrate the season of love, the economic backdrop casts a rather unromantic shadow over Valentine's Day this year.

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Analysis: Despite forex woes, Cadbury Plc may have turned the corner

Blurb Team @Nairametrics — Sun, 28 Jan 2024 15:56:56 +0000

Two years ago, a Nairametrics Blurb article posited that it was time for Cadbury Nigeria Plc to delist from the NGX. At that time, Cadbury's shares were trading for under N10, seemingly entrenched in a bearish rut.

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This FUGAZ “buga” is infectious for investors

Blurb Team @Nairametrics — Wed, 17 Jan 2024 09:24:58 +0000

This time last year, Zenith Bank and GTB were far from joining the prestigious trillion market capitalization club of companies, otherwise referred to as SWOOT by Nairametrics.

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Emefiele Investigation: Union Bank, Titan Trust Bank acquisition face uncertain Future

Blurb Team @Nairametrics — Mon, 25 Dec 2023 06:00:23 +0000

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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CBN needs to go hard or go home on inflation rate

Blurb Team @Nairametrics — Tue, 16 May 2023 16:12:43 +0000

Economists at Nigeria's Central Bank claim they are currently leveraging the tools in their monetary policy toolkit to bring Nigeria's latest inflation rate under control. But the policies are not bringing down inflation.

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Silicon Valley Bank Collapse: The risk of a niche business

Blurb Team @Nairametrics — Sun, 12 Mar 2023 07:12:23 +0000

SVB in many ways represented a niche business. The tailwind is the great referrals when the business is booming. But then there is a downside; it magnifies a feedback loop when conditions reverse.

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Starlink in Nigeria: Transforming internet connectivity, but raising concerns for local ISPs and National Security”

Blurb Team @Nairametrics — Wed, 08 Mar 2023 11:35:31 +0000

Starlink's Arrival in Nigeria: Will it improve internet access or harm local ISPs and National Security?

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