9Mobile made N228 billion revenue in 2016 but faces a dicey future

9Mobile made N228 billion revenue in 2016 but faces a dicey future

The Central Bank Governor on Tuesday, explained for the first time why they (in conjunction with NCC) intervened in Etisalat Nigeria, now 9Mobile. According...


Stan Chart pays Okonjo Iweala £130k per annum as independent director

Stan Chart pays Okonjo Iweala £130k per annum as independent director

Nigeria’s former Finance Minister, Dr Ngozi Okonjo Iweala will earn a whopping £100k as Non-Executive independent director of Standard Chattered Bank. An Independent Non-Executive...


Transcorp bounce back to profit, post N4.2 billion profit after tax

Transcorp bounce back to profit, post N4.2 billion profit after tax

Transnational Corporation of Nigeria Plc (Transcorp), is back to profitability, after it declared a profit after tax (PAT) of N4.2 billion for the half-year...



All the major economic news from Nigeria in 5 minutes-27/7/2017

All the major economic news from Nigeria in 5 minutes-27/7/2017

Summary of the top business, economic and political news in Nigeria today. The Economic and Financial Crimes Commission(EFCC) says its Kano Office has recovered...


ALERT: Union Bank reports N9.2 billion profit (2017 HY)

ALERT: Union Bank reports N9.2 billion profit (2017 HY)

Union Bank released its Unaudited consolidated financial results for the period ended 30 June 2017 ; See below   Gross Earnings N’m 2017 6 Months...


ALERT: Julius Berger reports N365 million loss (2017 6 Months)

ALERT: Julius Berger reports N365 million loss (2017 6 Months)

Julius Berger released its Unaudited consolidated financial results for the quarter two ended 30 June 2017 ; See below   Revenue N’m 2017 6 Months...


ALERT: FBN Holdings reports 18% drop in profit (2017 HY)

ALERT: FBN Holdings reports 18% drop in profit (2017 HY)

FBN Holdings released its Unaudited consolidated financial results for the period ended 30 June 2017 ; See below   Interest Income N’m 2017 6 Months...


Nigerian Stocks: Summary Of Trading (27/07/2017)

Nigerian Stocks: Summary Of Trading (27/07/2017)

Daily performance of the Nigerian Stock Exchange for the trading day ended 27th July 2017. Nigerian stocks closed trading on a positive note as the...


NIGERIA: Daily Parallel Market Exchange Rate (July 27, 2017)

NIGERIA: Daily Parallel Market Exchange Rate (July 27, 2017)

Parallel market exchange rate between the Naira and three of the world's major...


Op-Ed: A one size fits all solution to IPOB and regional agitations in Nigeria by @chxta

Op-Ed: A one size fits all solution to IPOB and regional agitations in Nigeria by @chxta

One of the intractable challenges that Nigeria has to deal with is that we often do not properly define the scope and scale of...


Report reveals retail investors are back and mopping up stocks like ‘never before’

Report reveals retail investors are back and mopping up stocks like ‘never before’

A report by the Nigeria Stock Exchange for the month of June, 2017 revealed that retail investors’ participation surpassed that of institutional investors for...


ALERT: Dangote Flour reports  N5 billion profit (2017 6 Months)

ALERT: Dangote Flour reports N5 billion profit (2017 6 Months)

Dangote Flour released its Unaudited consolidated financial results for the quarter two ended 30 June 2017 ; See below   Revenue N’m 2017 6 Months...


ALERT: Seplat reports N8 billion loss (2017 6 Months)

ALERT: Seplat reports N8 billion loss (2017 6 Months)

Seplat released its Unaudited consolidated financial results for the quarter two ended 30 June 2017 ; See below   Revenue N’m 2017 6 Months |...


Champion Breweries reports N86 million profit (2017 6 Months)

Champion Breweries reports N86 million profit (2017 6 Months)

Champion Breweries released its Unaudited consolidated financial results for the six months ended 30 June 2017 ; See below   Revenue N’m 2017 6 Months...


What you should know about blue chip stocks

What you should know about blue chip stocks

The Nigerian Stock market has returned over 35% year to date and is the toast of both foreign and local investors. In a bullish...


All the major economic news from Nigeria in 5 minutes-26/7/2017

All the major economic news from Nigeria in 5 minutes-26/7/2017

Summary of the top business, economic and political news in Nigeria today.   Top cocoa producers in West Africa may not be able to...


ALERT: Cadbury Nigeria reports N766 million loss  (2017 6 Months)

ALERT: Cadbury Nigeria reports N766 million loss (2017 6 Months)

Cadbury Nigeria released its Unaudited consolidated financial results for the quarter two ended 30 June 2017 ; See below   Revenue N’m 2017 6 Months...


Nigerian Stocks: Summary Of Trading (26/07/2017)

Nigerian Stocks: Summary Of Trading (26/07/2017)

Daily performance of the Nigerian Stock Exchange for the trading day ended 26th July 2017. Nigerian stocks closed trading on a positive note as the...


Guinness Nigeria N40 billion rights issue: Facts behind the issue

Guinness Nigeria N40 billion rights issue: Facts behind the issue

Guinness Nigeria Plc yesterday presented a detailed breakdown of its plans to raise N39,700,688,598  by way of rights issue to its existing shareholders. The...


Are these 4 of the worst Ponzi schemes in Nigerian history?

Are these 4 of the worst Ponzi schemes in Nigerian history?

If there is a sure means of getting the attention of Nigerians, it is any money doubling scheme. Nigerians have shown time and again...


What is money laundering?

What is money laundering?

Money laundering is the process of making money obtained from illegitimate means appear to have been earned in legally. It can also be defined...


Opinion: The Need to Stop Eating with Ten Fingers

Opinion: The Need to Stop Eating with Ten Fingers

A popular saying admonishes us not to eat with ten fingers. This axiom is not a homily about table manners. It is a metaphor...


10 hard truths Jack Ma hammered on in his visit to Africa

10 hard truths Jack Ma hammered on in his visit to Africa

Asia’s richest man, Jack Ma (founder and Executive Chairman of Alibaba Group), recently paid a 2 day visit to Kenya and Rwanda on his...


CBN says 9mobile will have a new investor latest December   

CBN says 9mobile will have a new investor latest December   

On the sidelines of yesterday’s Monetary Policy Committee (MPC) meeting, Central Bank of Nigeria CBN Governor Godwin Emefiele says Etisalat Nigeria will have a...


CBN Governor says Nigerian stock market may be in a bubble

CBN Governor says Nigerian stock market may be in a bubble

In comments that may scare the investing community, Central Bank Governor, Godwin Emefiele said as part of yesterday Monetary Policy Committee (MPC) meeting held...


Board Games: Unity Bank, Veritas musical chairs with UnityKapital Assurance

Board Games: Unity Bank, Veritas musical chairs with UnityKapital Assurance

UnityKapital Assurance Plc in a notice sent to the Nigerian Stock Exchange (NSE) on Tuesday announced the divestment of Unity Bank’s holdings in the...


CBN holds MPR at 14% ; what it means for Startups and SME’s

CBN holds MPR at 14% ; what it means for Startups and SME’s

The Central Bank of Nigeria CBN’s Monetary Poly Committee meeting (MPC) was concluded on Tuesday with the decision to hold  the policy rates. According...


Entrepreneur vs Employee? CEO of a N148 billion revenue company had this to say

Entrepreneur vs Employee? CEO of a N148 billion revenue company had this to say

So much is currently being said about the need for young vibrant entrepreneurs to make the most of the country’s current economic recovery by...


All the major economic news from Nigeria in 5 minutes-25/7/2017

All the major economic news from Nigeria in 5 minutes-25/7/2017

Summary of the top business, economic and political news in Nigeria today. Suspected militants on Monday vandalised the Trans-Niger pipeline in Ogoniland in the...


Credit to Public Sector hit all time high as borrowing spree continues

Credit to Public Sector hit all time high as borrowing spree continues

Data from the Central Bank of Nigeria reveals Nigeria’s credit to the private sector as a percentage of credit to the Federal Government is...