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Oando Q1 2025 N113 billion profit: A reality check 

Oando Plc reported a headline post-tax profit of N113 billion for Q1 2025, nearly doubling its result from a year ago.   But this impressive number owes more to non-operating windfalls than to real operating strength. Strip away a N165.6 billion tax credit and a N182 billion impairment reversal, and the numbers tell a different story.  At the heart of the quarter is a N311.6 billion fair value…

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All Zenith Bank Channels Are Active

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MultiChoice slashes DStv decoder price by 50% amid steep subscriber losses|Steve Aja.

In a bold move to stem the tide of subscriber losses and rebuild consumer trust, MultiChoice Nigeria has announced a 50% price cut on its DStv decoder, reducing the cost from N20,000 to N10,000. The discount comes as part of a broader strategic campaign dubbed “We Got You,” aimed at easing affordability pressures and re-engaging lapsed viewers. The announcement, made on Tuesday, June 24, 2025…

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Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity 

There was no FX loss. No surge in operating costs. Yet, Conoil’s Q1 2025 pre-tax profit collapsed by 93% to just N372 million, its lowest quarterly performance since 2021.  The primary culprit appears to be the 48% jump in short-term borrowing, funded through bank overdrafts at an average interest rate of 29.75%, nearly doubling the company’s finance costs within three months. For a company…

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CardinalStone, Absa: Some Banks can still pay dividends despite CBN clampdown |Steve Aja

Despite the Central Bank of Nigeria’s clampdown on dividend payments, executive bonuses, and offshore expansions by banks under regulatory forbearance, new research by CardinalStone and Absa Corporate and Investment Bank suggests that some Nigerian banks remain in a strong enough position to sustain modest dividend payouts in 2025.  The analysts cite robust capital buffers, high provisioning…

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SEC tenure rule: Panic grips capital market operators 

A new directive from the Securities and Exchange Commission (SEC) imposing tenure limits on directors of capital market operators has sent waves of anxiety across Nigeria’s financial markets, with many industry players scrambling to understand who is affected and how soon enforcement will begin. In a circular released last Friday, the SEC announced that directors of all Capital Market Operators…

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Top NGX gainers in 2025: MTN, Airtel, Breweries; still worth buying?

MTN Nigeria, Airtel Africa, International Breweries, Nigerian Breweries, and BUA Foods have dominated the Nigerian Exchange with the biggest jumps in market capitalization this year.  Together, they have added over N6.46 trillion in value year-to-date, giving a combined N28.162 trillion, which is about 38.84% of the NGXASI market cap of N72.51 trillion  For investors who took positions in any…

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Netanyahu applauds Trump’s strikes on Iran, says attack will ‘change history’ — But at what cost?|Steve Aja

In what may prove to be a defining moment in Middle Eastern geopolitics, Israeli Prime Minister Benjamin Netanyahu has congratulated former U.S. President Donald Trump after coordinated U.S. military strikes on three key Iranian nuclear sites—Fordo, Natanz, and Isfahan—calling the attacks “bold” and “historic.” “Congratulations President Trump. Your bold decision to target Iran’s nuclear…

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Make Peace or Face Greater Tragedy” — Trump Issues New Warning to Iran

United States President Donald Trump has issued a stern warning to Iran, declaring that if the Islamic Republic fails to pursue peace, the U.S. will target additional—and easier—strategic locations with overwhelming force. In a national address delivered Saturday night, Trump described Iran as the “bully of the Middle East” and urged its leadership to reconsider its confrontational stance amid…

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Fear of Assassination Looms as Iran’s Supreme Leader Names Three Successors, Excludes Son.

Iran’s Supreme Leader, Ayatollah Ali Khamenei, has reportedly named three senior clerics as potential successors amid growing fears of assassination, notably excluding his son, Mojtaba Khamenei, from the list. According to multiple reports citing senior Iranian sources, the 86-year-old leader has been operating from a fortified underground bunker following a series of targeted Israeli strikes…

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Super Eagles Stars Storm Ajegunle for Wilfred Ndidi’s Maracana Children’s Fest

Super Eagles players Victor Osimhen, William Troost-Ekong, Victor Boniface, Raphael Onyedika, and Frank Onyeka thrilled fans in Ajegunle on Saturday as they turned out in support of the Maracana Children’s Fest a grassroots football initiative spearheaded by teammate Wilfred Ndidi. The event, held at the iconic Maracana Stadium in Ajegunle, brought together hundreds of young male and…

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Daraju Industries Floats N5 Billion series 37 commercial paper to fund working capital needs

Daraju Industries Limited, a key player in Nigeria’s fast-moving consumer goods (FMCG) sector, has announced the launch of its Series 37 Commercial Paper (CP) issuance, targeting up to N5 billion under its existing N20 billion CP programme. The 181-day issuance carries a discount rate of 21.8459%, translating to an implied yield of 24.5%, and opens for subscription on Friday, June 13, 2025,…

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Behind the smiles: The quiet struggles of Nigerian marriages in the age of social media

Couples smile on Instagram, laugh in family WhatsApp groups, and pose in coordinated outfits on anniversaries. But behind those curated moments are unspoken stories—ones that often contradict the fairytale being sold. In Nigeria, marriage isn’t just a private commitment—it’s a performance. Once you say, “I do,” the audience assembles: friends, family, church members, neighbours, even online…

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Access Holdings assures exit from CBN regulatory forbearance on credit facilities this month

Access Holdings Plc has announced it will exit the Central Bank of Nigeria’s regulatory forbearance on credit facilities by June 30, 2025, while continuing to maintain strong capital buffers and sustain dividend payments. This comes being one of the banks affected by CBN’s recent directive suspending dividends, bonuses, and new foreign investments for lenders still operating under regulatory…

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BREAKING: Suicide Bomber Hits Borno Fish Market, Kills 10, Injures 7

At least 10 people were killed and seven others injured on Friday night when a suspected Boko Haram suicide bomber detonated an explosive device at a crowded fish market in Konduga Local Government Area of Borno State. Security sources and eyewitnesses told Zagazola Makama that the attacker, disguised as a civilian, infiltrated the bustling evening market before triggering the deadly…

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CBN’s Forbearance, Lawyers, and Mega Deals: Chike Obianwu on Drinks and Mics

In the latest episode of Drinks and Mics on Nairametrics TV, Ugo, Arnold, and Tunji are back with an exciting lineup of discussions, this time featuring Chike Obianwu, Deputy Managing Director of Templars, one of Nigeria’s foremost law firms.

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Buy, Sell, or Hold: Will Inflation Drop to Single Digits by 2027?