Why customers switch banks
Circumstances could require that a bank is changed to get the type of services you need, especially if your bank doesn’t evolve as fast as you do.
Bank’s lending rates decline albeit slower than expected
Based on CBN's report, Prime Lending Rate and the Maximum Lending Rate declined 0.3ppts and 1.2ppts respectively to 15.0% and 30.0% respectively in Q4 2019.
Flour Mills: Growth outlook still positive, potential upside exists
Flour Mills Nigeria Plc released its 9M 2020 financial results showing a 5.7% y/y growth in Revenue to N423.5 billion from N400.6 billion in 9M 2019.
Prices of tomatoes, garri, potatoes, others jump as low inventory hits major markets
Nigerians may face hard times in the coming weeks as the latest Nairametrics Household survey reveals that the prices of major household commodities increased significantly as low inventory hits major markets in Lagos State.
Naira and the exchange rates
In exchange rate, when Nigeria sells oil, she is paid in dollars, but when Nigeria imports, she spends those dollars also.
Reducing risks in the agricultural sector
The MD/CEO of NIRSAL disclosed that the institution had provided insurance cover worth N6.5 billion to protect farmers in the country.
UPDATED: Nigerian economy grows by 2.27% in 2019, post highest quarterly growth since 2016...
Nigeria’s Gross Domestic Product (GDP) grew by 2.55% in real terms, in the fourth quarter (Q4) of 2019, up from 2.38%.
Corporate Story: Intriguing tale of Seven-Up’s ugly fight for market share in Nigeria
For many years, competition in the Nigerian soft drink market was mainly between Coca-Cola and Seven-Up but in 2014, Rite Food came and disrupted the space.
Is there trouble in paradise for the South African economy?
South Africa, which is often touted as one of Africa’s most developed nations, seems to be going through a rough patch economically.
Nigeria’s tomato shortfall: What’s the way forward?
Yesterday, NIHORT announced at its 2-day workshop that Nigeria’s tomato supply gap now stands at 700,000 metric tonnes.
Zenith Bank: Strong growth in Non-Interest Income offset weakness in Interest Income
Zenith Bank recently released its FY 2019 AUDITED report wherein Interest Income declined 6% y/y to N415.6 billion.
Blockchain technology expected to tackle Africa’s challenges across industries
Blockchain technology is slowly but surely moving beyond secure, seamless, transparent, trusted and convenient transactions.
Investors channel funds to forex, equity after OMO ban- Report
The Nigerian equities market has rallied strongly, with blue chips outperforming, and the all-share index up by 9.2% since the CBN's OMO ban.
Palm Oil: Industry potentials remain untapped
Based on the December 2019 World Bank price index for crude palm oil at US$769.93, Nigeria lost N90.1 billion to importation of what it could produce last year.
United Capital: The good and the bad
On Tuesday, United Capital Plc released its audited results for the 2019 financial year.
How capital and recurrent expenditure work, a case study of Lagos & Enugu
Capital expenditure is mostly investment in assets that are used over time in the provision of goods or services to the taxpayers.
Analysis: Nigerian Breweries, the glory days are gone
These days, the story is somewhat underwhelming for Nigerian Breweries and every year it gets worse, as the brewery giant reported a profit after tax of N16 billion from revenue of about N323 billion only
Inflation: Headline Inflation sustains uptrend
Based on the data released by the National Bureau of Statistics, Headline inflation in Nigeria rose by 15bps to 12.13% in January.
Despite intensive advertising, International Breweries reported lower revenue and a loss
Despite aggressive marketing and advertising strategies in 2019, International Breweries Plc reported a drop in revenue and a loss.
How Pension funds performed in 2019
Pension funds in Nigeria recorded impressive performances in 2019. The Retirement Savings Account, RSA, category made an average of 13%, with returns ranging from 19.38% to 6.94%.
Gas flaring: A never-ending dark tunnel
World Bank’s Global Gas Flaring Reduction Partnership (GGFRP) ranks Nigeria as the 6th largest gas flaring country globally.
UPDATED: Inflation rate jumps to 12.13%, highest in 21 months
Nigeria’s inflation rate has increased from 11.98% recorded in December 2019 to 12.13% in January 2020.
Data War: MTN gains 8.18 million subscribers, as Airtel edges Glo, 9mobile in 2019
Data released by NCC as at last December, disclosed that MTN recorded 54.11 million data subscribers over Airtel's 34.52 million subscribers in 2019.
Power: No solution at hand
Based on data from the Advisory Power Team in the Office of the VP, the nation's power sector lost an estimated N19.15 billion in 10 days.
LaCasera had an awkward Valentine’s Day moment with Gala, causing customers to react
On Valentine’s Day, a Twitter account supposedly linked to The LaCasera Company posted a rather interesting tweet in commemoration of lovers’ day.
Ghana’s Cedi becomes investors’ delight ahead Nigeria’s Naira
Ghana has been considered top on foreign investors list this year despite the slowing economy the country has had in recent times.
This is how much Federal Government borrowed from Pension Funds in 2019
A few weeks ago, many news media organizations published articles on the plan by FGN to borrow a whopping N2 trillion from the pension funds.
Nigerian Breweries goes to the retail lab
Nigerian Breweries released its audited results for the 2019 financial year. As expected, there was a slight dip in both topline and bottom line.
Mobility in Africa, breaking new grounds
As Africa enters a technology revolution, the pace of urbanisation will increase, and the ever-pressing issue of mobility will increase with it.
Tony Elumelu and his disposition towards female bosses
Tony Elumelu is an accomplished businessman, a notable philanthropist, and an equal opportunity employer who likes to give everyone a chance in life.