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Patients suffer from Nigeria’s faulty hospital referrals

The lack of organisation and synergy in the referral system operated at different levels of healthcare facilities in Nigeria is taking a toll on patients as emergency care is often delayed, BusinessDay findings have shown.

Why crypto trading defies CBN ban

Cryptocurrency trading is gaining more momentum among Nigerians, especially the youths, more than a year after the Central Bank of Nigeria (CBN) prohibited banks and other financial institutions from facilitating cryptocurrency transactions.

Why dollar assets remain magnet for Nigerians

Nigerians are increasingly investing in dollar-denominated assets to diversify their portfolios and minimise their exposure to naira depreciation, experts have said.“The need to hedge against the sustained devaluation of naira has resulted in rising investors

2023: It will be injustice to Nigerians if I don’t contest – Osinbajo

Vice President Yemi Osinbajo, on Monday, said it would be an injustice to Nigerians if he did not contest the 2023 election with his vast experience in the last seven years in office. Osinbajo said this when he visited Governor Oluwarotimi Akeredolu Ondo State in his office in Akure.

12 states most hit as diesel, kerosene, LPG prices surge

The rise in the prices of diesel, kerosene, and Liquefied Petroleum Gas, also known as cooking gas, has hit residents of 12 states the most, an analysis of official data has shown. The states that had the highest price hikes last month were Ekiti, Ebonyi, Imo, Lagos, Abia, Delta, Oyo, Niger, Rivers, Gombe, Kaduna, and Ondo.

Privatisation of public schools in Nigeria may aggravate poverty

The Nigerian public education system has challenges ranging from unions’ unending demands, strike actions, facilities deterioration, poor funding, and staff inadequacy. The Nigerian government is almost confused; not too sure how to deal with the myriad.

EXPLAINER: How Elon Musk won his Twitter deal under 2 weeks

Just 12 days ago, some of the most experienced operators on Wall Street and in Silicon Valley privately dismissed Elon Musk’s offer to buy Twitter for$44bn as nothing more than a gimmick. However, Monday was a game-changer as the world’s richest man pulled off a stunning victory, winning unanimous support for the acquisition.

Eko Bridge: We are working hard to end motorists’ suffering — FG

The federal government has assured motorists and sundry road users who make use of the Eko Bridge to access their homes, offices or shops on Lagos Island that they are working hard to ensure that the suffering on that route does not last longer than necessary.

Trouble trails Customs 15% NAC levy on imported used cars

A fresh round of controversy has ensued at the nation’s seaport between the Nigeria Customs Service (NCS), car dealers, and the freight forwarders following the recent imposition of a 15 percent National Automotive Council (NAC) levy on imported used vehicles.

Investors Gain N13.59bn as NGXASI Inches up by 0.05% Amid Positive Market Turnover

Equities market closed on a positive note, as NGXASI appreciated by +0.05% to close at 48,568.57 basis points as against +0.17% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +13.70%.

Market breadth closed Positive as ACADEMY led 27 Gainers as against 22 Losers topped by MULTIVERSE at the end of today’s session an unimproved performance when compared with previous outlook.

Market turnover closed positive as volume moved up by 41.52% as against 4.02% downtick recorded in the previous session. TRANSCORP, AIICO, and ZENITHBANK were the most active to boost market turnover. MTNN and SEPLAT topped market value list.

SEPLAT leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

Stanbic IBTC Holdings Plc Declares N15.07bn PAT in Q1 2022 Unaudited Results,(SP:N35.25k)

Stanbic IBTC Holdings Plc released its Q1 2022 Unaudited results for the period ended March 31st, 2021.


Key Highlights

  • Gross Earnings grew by 47.7% from N45.52bn to N67.23bn
  • Profit before tax stood at N19.6bn
  • Profit after tax stood at N15.07bn
  • Share Price Currently Stands at N35.25k

Q1  MONTHS UNAUDITED REPORT FOR THE PERIOD ENDED 31 MARCH

 2021 N’m2020 N’m% Change
 MARCHMARCH 
Gross Earnings67,23445,51647.7%
PBT19,59912,14261.4%
Taxation(4,531)(886)411.4%
PAT15,06811,25633.9%
Basic EPS(kobo)1118234.4%
                             Balance Sheet Information
Net Asset396,005376,8665.1%

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First Ideas Limited is an investment and financial advisory company established in 1994 to provide advisory services to high net worth individuals, trust funds, financial institutions and medium sized companies in growth sectors.

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