Friday, April 27, 2018
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Analysis

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

Mutual funds

These are the best performing mutual funds for the week ended April 6, 2018

Data from the Securities and Exchange Commission (SEC) website shows the Net Asset Value (NAV) of mutual funds increased by 2.49% from N529 billion for the week ended March 29, 2018 to N542 billion for the week ended April 6, 2018. Equity and money market funds delivered largely negative returns, while bond and fixed income […]

$47 billion in the account! How external reserves affect your pocket

In case you didn’t know, Nigeria’s external reserve hit $47 billion on Wednesday, the highest in over 4 years. We had an inkling of...

Is Nestle’s Golden Morn Puffs a hit or miss ?

Nestle Nigeria Plc recently announced the launch of "Golden Morn Puffs", a variant of the company's popular Golden Morn breakfast cereal. Speaking during the product's...
Lafarge Factory Plant

Analysis: Lafarge Africa Plc, Not out of the woods yet

Lafarge Africa’s FY 2017 numbers were weighed down by significant one-off items and high finance costs. Post its rights issue, Lafarge’s current debt of...
Photo by James Sutton on Unsplash

Bottom Line: Honeywell smells really good but….

Two years ago, Honeywell was facing a financial crisis, the type it had not faced in recent times. It reported a loss of N3...
Startups

Opinion: Is NITDA’s grant to these startups a joke?

According to reports by Techpoint, Nigerian Startups raised a total of $9.24m in Q1 2018. The report reveals that 14 were involved in forms...
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This is the best Mutual Fund in Nigeria this year so far

Data from the Security and Exchange Commission (SEC) says there are 73 Mutual Funds in the country as at March 29, 2018. The Mutual Funds...
Insurance

Legal view: The business of insurance cover in Nigeria

“An element of risk or chance pervades human life”. Spencer L. Kimball, Cases and Materials on Insurance Law page 3 published by Little, Brown...

Two Nigerian Banks on the hook as Japaul sinks deeper into financial crisis

Beleaguered Japaul Oil & Gas released its 2017 Audited accounts reporting a loss after tax of N13.2 billion (2016 FY: N22 billion). Japaul was recently...

The investment risks associated with Buhari running for Presidency again

Nigeria's President Muhammadu Buhari declared on Monday that he intends to run for the presidency again come 2019. Shortly after the news, the stock...
Gas Flaring

A critical appraisal of the legal regime for the control of gas flaring in...

Section 15(1) of the Petroleum Act cap P10 LFN 2004 defines natural gas to mean gas obtained from boreholes and wells and consisting primarily...

Opinion: Naira-settled OTC FX Futures and Stabilizing the Exchange Rate

To stem the continued devaluation of the Naira and to breath some air of stability into the ever-volatile Naira/Dollar relationship, the Central Bank of...

Meet Themis Capital; They want to turn UACN Around

In a notice sent to the Nigerian Stock Exchange (NSE) in February this year, UAC of Nigeria Plc notified the exchange and other stakeholders...

So, who is Supporting the Non-Tech Ecosystem?

Nairametrics| I have been thinking about this topic for some time now. In fact, what got me to think is the use of the...

Opinion: It’s Time for Nigeria to Move Towards a Circular Economy

Wakanda. That could be us, but we aren’t a Circular Economy. A few weeks ago there was a huge fire at the Olusosun landfill...

Bottom Line: Unilever, equity is expensive for this price

 It's been a wonderful year for Consumer Goods Businesses in Nigeria.   Flashback three years ago it was all hell raising for the Consumer Goods Sector....

Analysis: Uber Firesale – Can OgaTaxi Benefit?

Nairametrics| Japanese investment giant SoftBank has called for a merger between homegrown Ola and US firm Uber’s India unit as part of its planned consolidation...

Bottom Line: Sheraton Hotel Abuja, Too much cash no value

Ever heard of Capital Hotels Plc? Well, they own Abuja Sheraton Hotels. Capital Hotels is in turn owned by Ikeja Hotels Plc, the owners...
taxes

A legal view of corporate taxation in Nigeria

A company incorporated under the Companies and Allied Matters Act, cap C20 LFN 2004 is accorded a distinct legal personality from its members. Whilst...
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Bottom Line: C&I Leasing is in bed with debt

C&I Leasing: Whenever a company reports profits backed by strong operating cash flows it excites my senses. In a world where profits and cash...

Kenyan Banks versus Nigerian Banks; See who wins this

Analysts at the Standard Bank Group released an interesting analysis that pitted Nigerian Banks against Kenyan Banks. An East versus West comparison of which...

Follow The Money: Billions and More Billions

Welcome to Follow The Money; a weekly review and preview of the Nigerian Investment space. We focus on the key issues in the Nigerian Economy...
Tech developers

Nigerian Tech Developer Exodus: The grass is greener on the other side

For the past few years, until recently, conversations regarding the Nigerian Tech Developers exiting to other developing countries had been rife. People were concerned...

This is how much taxes Dangote Cement has paid in the last 5 years

Dangote Cement recently released its 2017 annual report revealing that it made a profit of N204.2 billion compared to N142.8 billion in 2016. The company...

A legal view of corporate finance in Nigeria

Commerce and investment are the lifeblood of any strong economy. Financing these highly capital intensive commercial and investment activities requires the use of credit...
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FOLLOW THE MONEY: Why are they selling?

Welcome to Follow The Money; a weekly review and preview of the Nigerian Investment space. We focus on the key issues in the Nigerian...
Photo by William Iven on Unsplash

Legal View: Who owns Patent to an invention, Employee or Employer?

This article explores the thin line between employee and employer claims to the ownership of Patents. NIGERIAN PATENT LAW VIS-A-VIS OWNERSHIP OF INVENTIONS MADE IN...

Digging into GTB’s Monstrous 2017 result

Nigeria's most profitable Bank, Guaranty Trust Bank released its 2017 audited accounts showing profits rose 29% YoY to N170 billion. This is the highest...

Tax me, I task you

In the midst of a theoretically over economic recession, primarily caused by plunging oil prices and a history of incompetence, Nigeria turned to debt...

Zenith Bank could do better with disclosure

  Zenith Bank, a few days ago, released an impressive result for the 12 months ended December 2017. While the bank’s financials are solid, Zenith...