Monday, May 28, 2018

QuickTakes

A cursory review of Nigerian businesses and the economy

This move by China has affected cryptocurrency prices

Recent moves by China have lead to a drop in cryptocurrency prices. A committee set up by the Chinese Central Bank has placed an...

These companies will be paying dividends this week

The following stocks will be paying a dividend and closing their shareholders this week. Custodian and Allied Insurance Custodian and Allied Insurance will be paying an...

Why International Airlines in Nigeria increased airfares and how it affects you

International Airlines operating in Nigeria have increased their air fares following the instruction from IATA, the global body for airlines in the world. According...

THE BIG CORRECTION: Why the stock market sells off every August

Every August most investors expect a "ghost" to appear and scare everyone away. The ghost in the real sense is the bang on belief...

Here is what could happen to the Nigerian economy this week

The month of August has come and gone and as expected the stock market ended the week on a negative note. For the first...

Reports suggest Hurricane Harvey cars could be on their way to Nigeria

The United States state of Texas has in the past one week faced one of its worst floods in about 50 years, after Hurricane...
Nigerians Celebrating

CBN’s likely next steps as external reserves bounce back to pre-Buhari levels

Data from the Central Bank of Nigeria as at August 28, 2017 reveals Nigeria's external reserves stood tentatively at $31.8 billion, the highest since...

Avoid this grave mistake Startups make after a successful funding round

Congratulations on closing your funding round. Sure, it was a long and hectic process… Finally, you are here… You are funded for the next...

Don’t start a Startup if you don’t know these basics

I am excited to be writing my first post on this platform. I have had this thought in my head for some time now...

How ABC Transport loses nearly every kobo it makes

ABC transport is a company involved in the transportation sub sector. The company is famous among everyday Nigerians for their luxury buses and shuttle...

Reasons behind this buy recommendation for FCMB

The Nigerian Stock Exchange (NSE) has had an impressive performance returning 35.1% year to date. Banking stocks have been at the forefront, with several...

These companies will be paying dividends this week

The following companies listed on the Nigerian Stock Exchange (NSE) will be paying a dividend/closing their register this week. Closure of register is the period...

Jitters as the CBN fails to update external reserves figures in 10 days

All eyes are on the Central Bank of Nigeria (CBN) for the release of the latest foreign exchange reserve figures. The apex bank is...

This simple ad has set a new standard for social media marketing

In the thick, densely populated world of real estate management in Nigeria, it’s almost impossible to stand out. With limitations existing at every corner,...

July 2017 inflation rate is 16.05%, What it means for interest rates

Nigeria's inflation rate rose 16.05% year on  year for the month of July 2017. This compares to the 16.10% rise reported in June 2017....

Nigerian Economy: What to expect this week by @ugodre

The Nigerian economy started the week ended August 26th with a prime-time broadcast from President Muhammadu Buhari, who had just returned from over 100...

Nigeria relied on these 6 countries for 81% of its foreign investments

Data from the National Bureau of Statistics reveal Nigeria has attracted about $2.7 billion in capital importation in the first 6 months of 2017. Nigeria...

DAAR Comms N1.1 billion unpaid salary and mass sack explained

Information from DAAR Communications Ltd, owners of AIT, reveals the company is owing its employees about N1.1 billion in accrued (unpaid) salaries. The company...

Report shows Bank of Industry employees among best paid

Data from the annual report of the Bank of Industry reveal a total of N6.79 billion was spent as staff salary for the period...

This is how much foreign investors spent in the Nigerian Stock Market between April-June...

Data from the recently released Q2 2017 Capital Importation Report by the National Bureau of Statistics (NBS) shows that foreign investors spent $770.5 million...

How to calculate Dangote’s networth

Aliko Dangote is known as Africa’s richest man and a big time business man with operations across the contient. According to Forbes, Dangote has...
GTB AGM

How GTB posted record N84 billion half year profits despite lending less money

When the MD/CEO of Guaranty Trust Bank, Nigeria's largest bank by market capitalization, Segun Agbaje, addressed investors on the back of a blistering 2016...

This data shows only N319 billion raised via IPO in Nigeria since 1999

Data from the Security and Exchange Commission show Nigerian corporates have only been able to raise a total sum of N319 billion in IPO...
CBN Governor, Godwin Emefiele

This is the N7 trillion CBN debt no one seems to be talking about

The Central Bank of Nigeria has been attracting much kudos of late especially for its handling of the exchange rate crisis. Since it introduced a...

4 signs that could indicate when small business borrowing cost will drop

Nigeria's maximum lending rates topped 30% in June for the fourth consecutive month in 2017. Maximum lending rates in Nigeria tipped 30% in March...

Upsides emerge as investors dump Zenith Bank for weak dividends

Zenith Bank reported what is its best half year results in history, after reporting a pre-tax profit of N91 billion, representing a 71% rise...

Recession over at last? 3 reasons why the NBS chief ‘feels’ so

The Statistician-General and chief executive officer of the National Bureau of Statistics Yemi Kale may have news capable of throwing Nigerians into joy as...

BOOM: External reserves hit two year high (highest since July 2015)

Nigeria’s external reserves surged to $31.2 billion, the highest since July 2015, according to external reserves data from the CBN as at August 8,...

Why banks and FinTechs will not enter a 2-horse race

The Director, Banking and Payments System Department of the Central Bank of Nigeria believes that commercial banks and financial technology can continue to thrive...

Half year results show mixed fortunes for Nigeria’s downstream players

Investors in some of Nigeria’s major downstream companies, expecting a repeat of last year’s bumper performance, may have to cut short their expectations. Major...

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