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

Used Cars and Motorcycle importation

Nigeria’s auto-policy in tatters as Cars and Motorbike importation hit N1 trillion

Recent data obtained from the NBS show that between the first quarter of 2018 and the second quarter of 2019, Nigeria had spent the total sum of N1.03 trillion to import used vehicles and Motorcycles in less than 2 years
NPF Microfinance

NPF Microfinance vs C&I Leasing: A tale of two rights offer

NPF Microfinance vs C&I Leasing: A tale of two rights offer
Lagoon and Blue Ocean narratives of Nigerian Insurance sector - Report 

Lagoon and Blue Ocean narratives of Nigerian Insurance sector – Report 

A recent report by Coronation Research has rated insurance penetration in Nigeria at 0.31%, which is extremely low.
Zainab Ahmed, N24.9 trillion debt, FG to borrow N1.7 trillion to finance 2020 budget – Finance Minister , VAT Increment: Afrinvest exposes sharing formula of N479.7b expected revenue , Nigeria’s VAT Increase: Penny-Wise, Pound Foolish, Nigeria spends N1.11 trillion to service debt in half year 2019 

Nigeria spends N1.11 trillion to service debt in half year 2019 

Nigeria spent a whooping N1.11 trillion to cover debt service obligations in the first six months of the year 2019.
Zainab Ahmed, N24.9 trillion debt, FG to borrow N1.7 trillion to finance 2020 budget – Finance Minister , VAT Increment: Afrinvest exposes sharing formula of N479.7b expected revenue , Nigeria’s VAT Increase: Penny-Wise, Pound Foolish, Nigeria spends N1.11 trillion to service debt in half year 2019 

Nigeria’s VAT Increase: Penny-Wise, Pound Foolish

VAT is imposed on all goods and services sold in Nigeria, including imports; as stipulated under section 4 of the VAT Act, except for items that are VAT exempt.
Infinity Mortgage Bank presents facts behind the figures

ITMB boss outlines challenges facing mortgage industry  

The Managing Director and Chief Executive Officer, Infinity Trust Mortgage Bank Plc, Dr. Olabanjo Obaleye, has said that the mortgage industry is faced with several bottlenecks that need the urgent attention of the..
Trans-Nationwide Express Plc

With $1 million, a delivery startup could acquire Trans-Nationwide Express Plc 

It may even interest you to know that out of the 170 companies on the Nigerian bourse, only about six of them account for as much as 68% of the entire market capitalisation of the NSE.
Mele Kyari, NNPC, NNPC spends estimated N33.60/litre on petrol subsidy

NNPC moves to secure $2.5 billion Pipe-line financing  

The Nigerian National Petroleum Corporation (NNPC) is about to secure a $2.5 billion Pipe-line Financing agreement from China in the next six months.  
United Capital, a Treasure in the Mire

United Capital share price has crashed by 35% since June 2018

United Capital share price has crashed by 35%
Ex Finance Minister Zainab Ahmed, explains why VAT will rise to 7.5% next year

This thread exposed everything that’s wrong with Nigeria’s VAT

There are reasons why it may be wrong to compare VAT in Nigeria with that of other countries. Our VAT is not a proper VAT.
Devaluation relief: Nigeria is set to gain big from Saudi Aramco Attack

Devaluation relief: Nigeria is set to gain big from Saudi Aramco Attack

Whilst this is bad news on a global scale, Nigerian may inadvertently stand to benefit from it, albeit in the short term.
petrol, fuel, Nigeria, importation, import,

Nigeria saved N670 billion from petrol importation in 6 months

The latest foreign trade report released by the National Bureau of Statistics (NBS) shows that Nigeria saved N670 billion on the importation of Premium Motor Spirit (Petrol) in half-year 2019.
Cashless Policy

Bank loans to customers hit N15.9 trillion as CBN deadline approaches

As the September 30th deadline set by the Central Bank of Nigeria (CBN) for banks to maintain a 60% minimum loan-to-deposit ratio approaches, reports show thirteen (13) banks in Nigeria disbursed loans to customers to the tune of N15.9 trillion between January and June 2019.  
Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case, Top 10 states in Nigeria with the highest Internet subscribers 

Top 10 states in Nigeria with the highest Internet subscribers 

The National Bureau of Statistics (NBS) has released the report of the telecoms industry for half-year 2019. The report contains the market share of each service provider across states in the country.
Zenith Bank, Dangote Cement, MTN top list of CSR donations in Corporate Nigeria.

Zenith Bank, Dangote Cement, MTN top list of CSR donations in Corporate Nigeria.

Nigerian Companies spent about N11.3 billion as charitable donations for the year ended December 2018 compared to about N10 billion a year earlier.
Ramaphosa

South Africa, U.K and U.S Investors shipped $11.4 billion into Nigeria in H1 2019

 The latest capital importation data released by the National Bureau of Statistics (NBS) shows that foreign investors from fifty-two countries across the globe shipped $14.30 billion worth of investment inflows into Nigeria in half-year 2019
Ten States in Nigeria, Foreign Investors abandoned 27 States, as Lagos and Abuja attracted $5.8 billion

Foreign Investors abandoned 27 States, as Lagos and Abuja attracted $5.8 billion

Foreign Investors abandoned 27 States, as Lagos and Abuja attracted $5.8 billion
This brewer keeps struggling to win as Nigeria’s beer war rages on 

This brewer keeps struggling to win as Nigeria’s beer war rages on 

Champion Breweries Plc, a Nigerian brewer keeps lagging behind in the midst of actual champions, thereby calling its rather powerful name into question.
Access Bank and Union Bank, Securities and Exchange Commission Nigeria, SEC might nullify Access Bank and Diamond Bank merger, Access Bank and Diamond Bank

Access Bank recover N14 billion in bad loans after merger with Diamond Bank

Access Bank recover N14 billion in bad loans after merger with Diamond Bank
Quick Loan

Five quick loan fintechs that banks should be worried about 

Thanks to fintechs, Olumide can now easily access a quick loan whenever he needs one, without having to stake the whole world as collateral
The Nigerian Afrobeats Music Industry Gains Global Momentum

The Nigerian Afrobeats Music Industry Gains Global Momentum

The likes of Wizkid, who had already penned a deal with Sony RCA back in 2017, has begun to collaborate with more A list American artists like Ty Dolla $ign, Chris Brown, Goldlink, Swae Lee, Metro Boomin, and Offset.

Faltering Guinness pays bumper dividends but Diageo rakes in billions in royalties

Whilst shareholders about 42% of them will have to make do with only 4.8% dividend yield, the same cannot be said of Diageo, the parent company with 58% ownership of Guinness
List of President Buhari's cabinet, President Buhari appoints cabinet members, President Buhari's Cabinet appointment, Ministries Departments and Agencies of Nigeria, 2019 Budget, Process and Industrial Developments Limited, London Arbitration Tribunal, Federal Government, $9 billion U.K judgment, Nigeria's GDP, GDP growth rate

Slow down in Agric GDP Growth rate suggests Buhari’s Agro-policy is failing 

The latest GDP report from the National Bureau of Statistics (NBS) shows Nigeria’s agricultural sector suffered a major setback as it posted the slowest growth in the last one year (4 consecutive quarters). 
What UACN decision to un-bundle UPDC means for its shareholders

What UACN decision to un-bundle UPDC means for its shareholders

How do you explain going from revenue of N11.7 billion per annum to N2.3 billion in 5 years? In fact, try explaining going from a profit of N3.5 billion to an astonishing loss of N10.9 billion. This, unfortunately, has been the story of UPDC Plc.
United Africa Company of Nigeria Plc

UAC walks away from UPDC as turnaround efforts fail

UAC of Nigeria Plc has decided to spin off its stake in real estate subsidiary UPDC Plc, after turn around efforts failed.
President Muhammadu Buhari, loans, Oil price, FG, Solar vehicles, P&ID firm, Nigeria's GDP

Nigeria’s GDP slows in Q2 2019 to 1.94% y/y

Data from the National Bureau of Statistics (NBS) revealed that the country’s GDP slowed to 1.94% y/y from a revised growth rate of 2.10% y/y in Q1 2019
Bail-Out Fund, Slowdown in Agric GDP Growth rate suggests Buhari’s Agro-policy is failing , FG concludes 2020 budget preparation, designs 11 Economic Priority Areas 

Bail-Out Fund: FG deducts N122 billion from states’ account in 7-months

The Federal Government (FG) deducted an accumulated sum of N122.4 billion from the monthly allocation due to thirty-five (35) states in Nigeria between January and July 2019.  
Nigerian Bars are killing the viewing centre business, further threatening MultiChoice 

MultiChoice risks loss of revenue as rivalry between football viewing centres and bars intensifies 

There is no love lost between operators of football viewing centres and bar owners. The animosity between them has silently been on the rise over the years
NERC, electricity tariffs, hotels, bars,

Banks, hotels, manufacturers brace up for 31% rise in electricity tariffs

Last week, the Nigerian Electricity Regulatory Commission, NERC, announced plans to raise electricity tariffs across the country, starting next year
CBN Monetary Committee, PMI

PMI: Cement and pharmaceutical products are top best performing businesses

PMI: Cement and pharmaceutical products top best performing businesses
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ORide

Police shuts Opay office in Kano

Emerging reports have it that the Nigerian Police Force (NPF) has shut down the office of online payment portal, OPay.
CBN, Key lending rate

CBN offers clarification on cashless policy, but Nigerians aren’t having it 

Nigerians are not here for CBN's (@cenbank) tweet this morning trying to clarify the rather controversial cashless policy.
Eurobond

Eurobonds in Nigeria: What they are and how to invest in them

Eurobonds in Nigeria: What they are and how to invest in them