Based on CBN's report, Prime Lending Rate and the Maximum Lending Rate declined 0.3ppts and 1.2ppts respectively to 15.0% and 30.0% respectively in Q4 2019.
Flour Mills Nigeria Plc released its 9M 2020 financial results showing a 5.7% y/y growth in Revenue to N423.5 billion from N400.6 billion in 9M 2019.
Nigerians may face hard times in the coming weeks as the latest Nairametrics Household survey reveals that the prices of major household commodities increased significantly as low inventory hits major markets in Lagos State.
Nigeria’s Gross Domestic Product (GDP) grew by 2.55% in real terms, in the fourth quarter (Q4) of 2019, up from 2.38%.
For many years, competition in the Nigerian soft drink market was mainly between Coca-Cola and Seven-Up but in 2014, Rite Food came and disrupted the space.
South Africa, which is often touted as one of Africa’s most developed nations, seems to be going through a rough patch economically.
Yesterday, NIHORT announced at its 2-day workshop that Nigeria’s tomato supply gap now stands at 700,000 metric tonnes.
Zenith Bank recently released its FY 2019 AUDITED report wherein Interest Income declined 6% y/y to N415.6 billion.
Blockchain technology is slowly but surely moving beyond secure, seamless, transparent, trusted and convenient transactions.
The Nigerian equities market has rallied strongly, with blue chips outperforming, and the all-share index up by 9.2% since the CBN's OMO ban.
Capital expenditure is mostly investment in assets that are used over time in the provision of goods or services to the taxpayers.
These days, the story is somewhat underwhelming for Nigerian Breweries and every year it gets worse, as the brewery giant reported a profit after tax of N16 billion from revenue of about N323 billion only
Despite aggressive marketing and advertising strategies in 2019, International Breweries Plc reported a drop in revenue and a loss.
Nigeria’s inflation rate has increased from 11.98% recorded in December 2019 to 12.13% in January 2020.
Data released by NCC as at last December, disclosed that MTN recorded 54.11 million data subscribers over Airtel's 34.52 million subscribers in 2019.
On Valentine’s Day, a Twitter account supposedly linked to The LaCasera Company posted a rather interesting tweet in commemoration of lovers’ day.
Ghana has been considered top on foreign investors list this year despite the slowing economy the country has had in recent times.
A few weeks ago, many news media organizations published articles on the plan by FGN to borrow a whopping N2 trillion from the pension funds.
Tony Elumelu is an accomplished businessman, a notable philanthropist, and an equal opportunity employer who likes to give everyone a chance in life.