Archive for the ‘business’ Category

Afrinvest has prepared a very detailed analysis of the banking sector. It is a top notch report and I recommend that everyone spends some time reading the entire report. From the stats, the 4 top tier banks are First Bank, Zenith Bank, GTBank and UBA. ?


Here is Afrinvest’s take on First Bank’s recently released half year earnings report. Earnings Update Report on First Bank Plc which highlights the latest interim results and an update on our Full Year ’10 earnings outlook on the company. Q2’10 Results: First Bank reported a 6.7% decline in gross earnings to N122.3bn (US$812.6m) from N131.1bn […]

Here is the 2010 version of the anual <a href=”http://www.doingbusiness.org”>Doing Business</a> In West Africa report. It ranked the countries on contract enforcement, ease of setting up a business, administrative bottlenecks etc.

Ghana came in first in the region. Nigeria was second.

Doing Business In West Africa Report 2010 (558)

SW8 is now the main investor in Wema Bank. Here is the report from Bloomberg:

Reuters news is reporting that Access Bank and First Bank will be adopting the International Financial Reporting Standards (IFRS).

Here are some of the major news stories from the past week:

Courtesy of Investor Delight, here is the stock market report for the week ended October 31st 2008:

Here are the main news stories for this week. Since some are very long, I decided to use highlight and bullet the main points to make for easier reading: Monday, October 20th: Foreign Banks Grant Intercontinental Bank $2 Billion Confirming LineSource – AllAfrica Posted to the web on Oct 20, 2008 More leading global financial […]

Results for Ikeja Hotel, Nampak Nigeria, and Crusader Insurance IKEJA HOTEL PLC, AUDITED RESULT FOR THE YEAR ENDED 31-12-2007 2007 2006 TURNOVER N5.282b N4.642b PBT N1.088b N852.766m TAX (N390.834m) (N326.822m) PAT N697.751m N525.944m PROPOSED DIVIDEND 10K CLOSURE DATE JUNE 23 TO 27TH 2008 PAYMENT DATE JULY 28TH 2008. NAMPAK NIGERIA PLC HALF YEAR UNAUDITED RESULTS […]

Analysis of Results of Total and Nigerian Breweries

Stock picks and market overview from FSDH, Zenith Securities, and BGL Securities:


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This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!

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