1. A Tale of Two Investors Who Bought Oando Shares At The Wrong Time:
Shares of Oando Plc dropped below N6 for the first time in over 5 years, as investors reacted to its latest earnings. However, unlike last week when the share price dropped 9% everyday, it closed nearly flat on Monday losing just 0.33%.
https://nairametrics.com/a-tale-of-two-investors-who-bought-oando-shares-at-the-wrong-time/
2. Greater Fool Theory: Oando’s Wale Tinubu Admits Buying At The Top Of The Market:
The greater fool theory is the belief that one can make money by speculating on future prices, because there will always be a “greater fool” who will be willing to pay more than what you paid, even if you paid too much.
3. Report Links MTN Nigeria’s Record $5Billion Fine To Olu Falae’s Kidnap:
According to reports coming out from South Africa, the record fine levied on MTN Nigeria is linked to the role that unregistered MTN sim cards played in the kidnap of former minister of finance Olu Falae.
4. These Are The Eight Advantages of Treasury Single Account (TSA):
The Federal Government officially commenced the operation of a Treasury Single Account on Monday, 17th of September 2015. This effectively moved about N1.2 trillion from Nigerian Banks to the Central Bank of Nigeria.
5. [Devaluation] Read Emefiele’s Reply To Emir Sanusi:
The Central Bank of Nigeria (CBN) will not devalue the naira again. The Governor of the bank, Godwin Emefiele, said Friday, a day after Vice President Yemi Osinbajo gave similar commitment.
6. A Taxi Driver’s Guide To Understanding The Naira Devaluation:
In the on-going debate on whether or not to devalue the currency in the face of Nigeria’s forex shortage caused by the fall in the price of oil. The two different camps have argued thus:
7. The CBN Is Trying To Push Banks To Lend, But They Are Not Budging:
The CBN has effectively entered a quantitative easing cycle to prop up an economy is at risk of further decline.
8. SA Lawmakers Are Now Worried About What Could Happen To Shoprite, Stanbic Etc:
MTN Group released a press statement on Tuesday confirming that it had not agreed to pay any fine to the Nigerian Communications Commission and was still negotiating with the government. Whilst negotiations continue, the South African Parliament is worried about the implications of the alleged violation of trade relations with not just Nigeria but with other countries.
9. Can Indomie Noodles Save Cadbury Bournvita:
Cadbury Nigeria Plc, owners of Bournvita beverage drink has announced a partnership with Indomie Noodles. The partnership will see Cadbury sell a promo pack Bournvita along with five sachets of Indomie.
10. Is The Market Warning Investors About Nigerian Banks:
Nigerian Banks have in the past two weeks been releasing their third quarter results and as one has come to expect, no bank posted a loss. In fact, most of the banks have reported double digit growth in both top and bottom line numbers. Despite the impressive results, bank stocks continue to face intense sell-off pressures as investors seem unimpressed. The Banking index last week fell 3.37% last week despite the flurry of earnings released last week. The banking index has now lost about 12.15% this year alone.