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 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
A recent report by Coronation Research has rated insurance penetration in Nigeria at 0.31%, which is extremely low.
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.
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.
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..
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.
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 share price has crashed by 35% since June 2018
United Capital share price has crashed by 35%
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
Whilst this is bad news on a global scale, Nigerian may inadvertently stand to benefit from it, albeit in the short term.
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.
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.
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.
Nigerian Companies spent about N11.3 billion as charitable donations for the year ended December 2018 compared to about N10 billion a year earlier.
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
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
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 recover N14 billion in bad loans after merger with Diamond Bank
Access Bank recover N14 billion in bad loans after merger with Diamond Bank
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 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
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
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.
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.
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: 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.
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
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
PMI: Cement and pharmaceutical products are top best performing businesses
PMI: Cement and pharmaceutical products top best performing businesses
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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 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.
Eurobonds in Nigeria: What they are and how to invest in them
Eurobonds in Nigeria: What they are and how to invest in them