Business Metrics - Business Metrics

Naira falls to N505 per dollar at parallel market ; forex trade hits $172.24m

Jun 16, 2021 Omobayo Azeez

Naira falls to N505 per dollar at parallel market; forex trade hits $172.24m The exchange rate between naira and the US dollar closed at N411.75/$1 at the official Investors and Exporters window on Tuesday June 15. The Nigerian local currency depreciated against the US dollar to close at N411.75 to a dollar. This represents a 95kobo loss compared to N410.8/$1 recorded on Friday, 11th June 2021. Also, the naira depreciated by N3 at the parallel market to close at N505/$1 on Tuesday as against N502/$1 recorded on Monday, while…

Don’t miss 9 benefits of registering businesses with the CAC

Jan 16, 2021 Business Metrics

Don’t miss 9 benefits of registering businesses with the CAC Obviously, many micro and small businesses, as well as bigger companies alike, are going corporate and the Corporate Affair Commission of Nigeria (CAC) is having a burgeoning customer base, coupled with a pay day. This assertion was confirmed by The Registrar-General of the CAC, Alhaji Garba Abubakar, who has just disclosed that the organisation raked in more than N19 billion as Internally Generated Revenue (IGR) in 2020. This was despite the pandemic impact in the year and reduced cost…

4 Powerful Business Metrics You Should Track for Success

Dec 7, 2020Dec 7, 2020 Banjo Olaniran

By Chris Christoff Do you want to use your business metrics to make smarter business decisions? Let’s look at four important metrics and how to use them to grow your business. Are you a business owner looking for a way to take your brand to the next level? If so, you’ve probably heard advice from experts about how marketing and engagement are essential for growth. While that statement is true, your metrics are the factors that help you determine what to do next when creating marketing materials, engaging with your audience…

7 mistakes startups should avoid in their early stages

Nov 5, 2020Nov 5, 2020 Business Metrics

Starting a business is good, but sustaining the business to profitability is the hardest albeit most rewarding part of the business endeavour. The early stage of SME forms the foundational structure the development and achievement of the startup. As a matter of fact, findings show that about 20% of small businesses fail in their first year, 30% in their second year, and 50% after five years in business. While in Nigeria, the most populous country in Africa, about 80% small businesses fail within the first 5 years, amounting to 1 in…

ThingsToKnow: ‘CLOSE PERIOD’ in the stock market

Oct 10, 2020 Business Metrics

The close period (or closed period) is the time between the completion of a listed company’s financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company’s quarterly results, and the two-month period before the release of its annual results. The close period differs from a quiet period, where companies are required to embargo any public promotions before an initial public offering (IPO) is made. Key Takeaways The close period, in accounting, is the time span covering…

10 Golden Rules of Trading Stocks

Oct 9, 2020 Banjo Olaniran

By Investdata Analysts Basic Rules of Trading Stocks or Tips to Follow When Investing or Trading because Chart Patterns are very important it tells what has happened and what is about to Happen. Make sure understand chart patterns and the stock that has a well-formed base or pattern before considering tojump into the stock. Investdata highlights stocks with these patterns in their newsletter and market updates. Consider the stock as it moves over the trend line of that base or pattern and make sure that volume is above recent trend…