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Analysis of companies, stocks, investments, products and services, economy, budgets, business decisions in the Nigerian economic space.

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Tracker: Nigeria’s External Reserve now at $47.5 billion as at 16th July 2018

The table below represents Nigeria's External Reserve Position and dates back to March 2017. The table is updated weekly with the data sourced from...

How do you spell failure? A tale of Nigeria’s automotive policy

A while ago I asked a question, “Will we ever walk back on failed industrial policy?” and I cited the automotive policy as an example of failure.
Guinness Nigeria AGM

List of Dividends announced so far in 2018 (Updated July, 18 2018)

As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It...

How Tech is disrupting Nigeria’s transport ecosystem by Fisayo Durojaiye

This is an attempt to dissect Nigeria’s technology-enabled Transportation sector.

What we learnt from Flour Mills Plc earnings call

Flour Mills of Nigeria (Flourmill) hosted a conference call last week Thursday.

Report indicates CFO’s are increasingly outsourcing Finance and Accounting jobs

The hyper-competitive nature of the global economy is linking the world’s major economies and changing the landscape of international business. This fast pace of...

The place of Learn Africa Plc in today’s dynamic publishing industry

Does Learn Africa Plc still have what it takes to compete in the Nigerian book publishing industry today?

Economics of $2 billion Sports Betting Industry in Nigeria

There is no doubt that Nigerians love sports and it is no longer just about entertainment; it is also about making money.

Newly passed US bill threaten foreign direct investments into Nigeria

The US house of Reps has just passed The Foreign Investment Risk Review Modernisation Act.

Landmark Judgement shakes tables at the Nigerian Stock Exchange

The Federal High Court declared that the NSE is a ‘public institution’ within the contemplation of the FOI Act.

Sahara Gas Vessel boosts LPG availability with historic 7,000MT delivery to Nigeria

MT Sahara Gas has delivered 7,000 metric tons of LPG in itsmaiden voyage to Nigeria to boost availability and safe access to cooking gas.

This Company rakes in billions in revenue making aluminium products

First Aluminium Nigeria hopes to continue leading the aluminium market in Nigeria.
startup funding

Why your business is not VC backable

Once I listen to their pitches, I usually know if they will be able to raise the money from a VC or not.

Top 5 businesses that may be affected by Super Eagles’ loss

The Super Eagles’ outing at the 2018 World Cup in Russia was generally underwhelming from the onset.

Analysis: Chellarams Plc, owners of KFC Franchise, needs refinancing to survive

Chellarams Plc released its financial statement for the year ended March 31st 2018.
Nonso Okpala CEO, VFD Group

NEM Insurance Plc 48th AGM and Associated Governance Issues

An integral component of the long-term strategy of any company is corporate governance, epitomised by transparency and accountability.

Analysis: More Nigerians are saving for retirement

Data from the National Bureau of Statistics showed that 7.9 million people of different ages enrolled into various pension funds.

The Worrisome Trend of Sensational Social Media “Journalism”

The author had made detailed reference to alleged cases of fraud involving staff of FCMB.

Company Profile: Arbico, little known company owned by a billionaire Patriarch.

In Nigeria, Arbico Plc is taking advantage of the high demand for buildings.

Nigeria Tech Roundup: Paylater, Uber, Nairabet all in the news

This week, we bring you a compilation of the major tech events and activities that made the news.

Some of the red flags in Buhari’s 2018 Budget

Nigeria’s President Muhammadu Buhari signed the 2018 Federal Budget on June 21st, 2018.

The regulation fueling the continuous rise of Fintech in Nigeria by @AremoFisayo

The United Kingdom is arguably the most Fintech-friendly nation on earth; hence, it is a major Fintech hub.

This is Nigeria’s 2018 Budget Breakdown

Capital expenditure (excluding transfers) higher by 22% from N2.36 trillion in FY2017 to N2.87 trillion.

Analysis: Julius Berger and Government Magic

The company expects revenue to grow to ₦210 billion, to be spurred by government contracts valued at ₦500 billion

Making waves, as Western lenders retreat, African banks see an opportunity

Ade Ayeyemi's office in Lomé, the capital of Togo, is a good place to think about crossing borders. Ghana is ten minutes’ drive away....

This company set out to be Nigeria’s answer to IBM

CWG Plc announced last week that it had been selected as one of the Meter Asset Providers by NERC.

This company’s cables have been conducting Nigeria’s electricity since 1982

For a country like Nigeria, where epileptic power supply has remained a major economic constraint for years, achieving steady and reliable power generation and distribution has become a must.

Analyst declares Lafarge Stock a “sell”

Analysts at ARM have issued a sell rating for Lafarge Plc. They explain why in the ensuing article.
UBA Headquater, Lagos

Why UBA Plc is a “strong buy”

Analysts at ARM Research have placed a buy rating on one of Nigeria's largest banks United Bank for Africa.

Average Petrol Price Falls to ₦150.2 in May – what it means for these...

The Nigeria Bureau of Statistics (NBS) has released the Premium Motor Spirit (Petrol) Price Watch for the month of May, 2018.