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CBN RT200 Rebate Spurs $2.4bn of Inflows From Non-oil Exports

Non-oil exporters have ramped up the repatriation of export proceeds through the investors and exporters (I&E) window of the foreign exchange market in response...

The Lagos Visionscape Garbage Scandal and Attempts at a Cover-up

By PATRICK ATUANYA It is perhaps a scandal that Lagos taxpayers are still paying for the misadventure called Visionscape some four years after the controversial...

Eko, Ikeja are Most Profitable Discos as Sector Crippled by Debt 

Eko Electrical Distribution Company (Disco) and Ikeja Disco are the most profitable and viable power firms in Nigeria, in an industry where the majority...

Leadway, AIICO, Consolidated Hallmark, Solvency Ratios Remain Strong

The five largest insurers in Africa’s most populous nation continue to be well capitalised relative to risk taken as their solvency ratios are in...

Dangote Refinery Can Triple FG Revenues From Crude Sales

Analysts at Chapel Hill Denham say domestic oil revenue can grow three-fold if the government sells domestic crude oil to Dangote refinery instead of...

Only African Alliance, AIICO, AXA Mansard Meet Insurance Recapitalization Requirements

Only African Alliance Insurance Plc, AIICO Insurance Plc, and AXA Mansard Insurance Plc, out of the 16 companies listed on the NGX Insurance index...

Nigerian Stocks in Bull Run That Defies Global Slump

As gloomy as the global headlines have been, they have yet to enact any appreciable harm Nigerian stocks or the NGX All-Share Index (ASI) 30...

Nigeria’s Mega Banks Deliver Profit Growth as Yields Rise

Nigeria’s mega banks reported profit growth of at least 8.12 percent in the first quarter, fueled by the gradual improvement in yield environment, trading/revaluation...

Manufacturers Obligation to Suppliers Surge on Dollar Crunch

Manufacturers’ obligation to suppliers of inventories used to meet production are piling on the back of dollar scarcity as the energy crisis and the...

Banks Underperform as NGX 30 Profit Rises 32.43% to N2.05trillion

For the first time in over a decade, the majority of banks are at the bottom of the NGX 30 Index profit growth pyramid...

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