Nigeria Weekly Update: Focus on P&ID’s threat to the Nigerian economy
Welcome to the Nigeria weekly update on treasury bills, bonds, crude prices, equities, and other macroeconomic indicators...
Why you should Naira Cost Average your Investments
Naira Cost Averaging (NCA) is an investment technique of buying fixed amounts of a particular asset on a regular schedule, regardless of price.
P&ID’s Hedge Fund purchase underscores fiscal and monetary risks to Nigeria
The Nigerian Government could be forced to pay the company, P&ID, US$9.0 billion, or otherwise face freezing of US dollars.
Nigeria could learn from Ray Dalio’s ‘How the Economic Machine Works’
When I read the book “Principles” by Ray Dalio, I immediately made a decision to adopt him as a virtual mentor.
Nigeria Weekly Update: Reporting season continues well
The reporting season for banks continues, with two high-quality banks enjoying big increases in Non-Interest Income in 2018.
Number of cars on Nigerian roads hit 11.8m in a year
Latest figures from the Nigerian Bureau of Statistics have shown that there were 11.8 million licensed cars on Nigeria’s roads as at Q4 2018.
Company Profile: Is First Aluminium still “the first”?
One company is credited for pioneering the aluminium roofing sheet movement in Nigeria, and it is aptly named First Aluminium Nigeria Plc.
Visionscape Municipality Bond default and the need for credit default Swaps
Municipality Waste Management Contractors Limited, promoted by Visionscape Sanitation Solutions Limited, has failed to pay the N4.5 billion coupon interest
Visionscape Municipality Bond Default Explained
Last week, reports confirmed that a subsidiary of Visionscape Sanitations Solutions Limited may have defaulted on N4.5bn coupon payment due on March 4th.
Stanbic IBTC FY 2018 results: Strong profitability and growth in several key areas
Stanbic IBTC released its FY 2018 results today and, at least in terms of loan growth and Net profits, the report looks stellar. Net...
Boost for Nigeria’s economy as Mobile Internet Subscribers hit 113.9m
Mobile Internet users in Nigeria increased marginally to 113.9 million in January 2019, data from the Nigerian Communications Commission (NCC) has revealed.
How to Apply for Canadian Permanent Residency from Nigeria on Your Own
We live in a world where we have many more opportunities today than we did yesterday. So many people can move, travel and build...
Nigerians hit with over 60% delayed and cancelled domestic flights in 2018
No fewer than 36,350 cases of delayed flights were recorded in 2018 from domestic airlines operating in Nigeria, the Nigerian Civil Aviation Authority said.
Only 6 countries treat men and women equally in the world
From pre-colonial days to the current century, the role and status of Nigerian women have continued to evolve in Nigeria.
Day-light robbery behind Apapa gridlock
What used to be a friendly gesture has now metamorphosed into daylight robbery.
FOCUS: These companies aren’t generating wealth for shareholders
There are more than a hundred companies whose securities are listed on the Nigerian Stock Exchange. But not all of them generate wealth for investors.
Nigeria’s exports rose to a 6 year high in 2018 (Updated)
The value of Nigeria’s exports hit the ₦19 trillion mark in 2018. This is reflected in the report of foreign trade statistics (fourth quarter)...
“Worst is behind us” Research sees improving economy under Buhari second term
If external shocks in the coming period 2019-23 are not as great as those during 2015-19, then the nascent economic recovery might give this administration an opportunity to address pressing domestic issues.
FG to pay ₦39.9 billion monthly Subsidy as Petroleum Import declines
The importation of refined petroleum products will decline in March 2019, even as Nigerians consume an average of 53.2m litres of PMS daily.
Latest PMI shows manufacturing sector expanded for the 23rd consecutive month
The manufacturing Purchasing Managers' Index (PMI) for the month of February indicates that Nigeria's manufacturing sector expands
CBN’s intervention in FX market hit $39 billion in 2018
The Central Bank of Nigeria (CBN)stabilized the Naira in 2018 by injecting $39.9 billion into the foreign exchange market (Forex). This is according to the...
America’s Trump is once again ‘messing’ with crude prices
Donald Trump called on OPEC to lower oil prices because the world cannot handle a hike.
6 quick wins for an Atiku presidency
The winner of Nigeria’s most contested election is set to be announced by Tuesday the 26th of February 2019.
How much longer would this pharmaceutical company remain listed on the NSE?
Some companies continually disobey the rules, and one of them is Evans Medical Plc, Nairametrics’ company focus for the week.
Who becomes Nigeria’s next “CEO” after this weekend?
After a controversial one week delay, Nigeria's 2019 elections will finally commence tomorrow as the people elect their next president.
Nigeria’s Value Added Tax (VAT) inches up to ₦1.108 trillion in 2018
Nigeria's Value Added Tax (VAT) increased to ₦1.108 trillion in 2018 from ₦972.3 billion recorded in 2017. This is contained in the National Bureau of...
E payment transactions rise by 32% in 2018
The report on data for Electronic Payment (E-payment) Channels in the Nigeria Banking Sector has been released by the National Bureau of Statistics (NBS)....
Nigerian graduates face further dilemma as 43% of Bank employees now contract staff
The National Bureau of Statistics (NBS), yesterday, released the report for selected banking sector data for the last quarter of 2018. A section of the...
How well has President Buhari delivered on his empowerment promises?
This is arguably the first time that the Federal Government is involving the very bottom of Nigeria’s economic pyramid.
FAAC disbursement drops by 25.2% in January
The National Bureau of Statistics has released the report for the Federation Account Allocation Committee (FAAC) disbursements, covering January 2019.
The report shows that the...
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List of successful applicants for TEF 2019 announced
See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.
Cadbury Nigeria Plc appoints new managing director
Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
How to make $1bn from a single product in Nigeria
Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.