Wealth.ng
Home Analysis

Analysis

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

ECOWAS economy grows by 3.1%, expected to hit 3.3% by end of 2019 , Dangote Refinery would help save $10 billion in forex - FG,, FG monitoring ‘Eco’ adoption by ECOWAS members amidst threat to Naira, CBN, Economy: Will the FG tax reforms support revenues in 2020? 

Economy: Will the FG tax reforms support revenues in 2020? 

Zainab Ahmed disclosed that the new tax reforms as contained in the Finance Bill would help FG achieve its 2020 revenue estimate of N8.16 trillion.
energy, corp, recapitalization, New FIRS boss, Nigerians react following the end of Fowler’s reign as FIRS boss, Buhari seeks recapitalisation of African energy corporation to $1 billion tune, Outrage as President Buhari approves N37 billion for National Assembly renovation, Buhari to create new economic opportunities in agric, other neglected sectors , Economy: President Buhari signs Finance Bill into law

Now that President Buhari has signed the Finance Bill into law

Yesterday, President Muhammadu Buhari signed the Finance Bill into law, hoping it would support the implementation of the 2020 budget.
NEC Inauguration: Buhari tells Governors "no more bail-outs", Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, States receive N2.53 trillion allocation in 2019 

States receive N2.53 trillion allocation in 2019 

State governors in Nigeria shared the sum of N2.53 trillion gross allocation in 2019 (January – November).

Tomatoes, pepper prices crash across major markets, as local rice continues to ease-off 

The prices of several food items once again witnessed a significant drop. According to the latest Household Survey, prices of tomatoes and pepper crashed significantly, while the prices of local rice, yam and other items continue to ease off.
CCNN/ Kalambaina Cement merger - Nigeria stock excahnge, Analysis: BUA Cement's concrete merger

Analysis: BUA Cement’s concrete merger

Last week, Cement joined MTN, Dangote Cement, Nestle and Airtel as stocks with a market capitalization in excess of N1 trillion.
Sovereign Wealth Fund

Nigeria can do better with Sovereign Wealth Fund

Nigeria earns 80% of her Foreign Exchange earnings from one commodity, crude oil, with a significant budget deficit of over 2 trillion.
NCC orders immediate suspension of USSD charges by telcos, 5G Network to undergo 3 months trial before approval - NCC , NCC licenses 20 new Internet service providers amidst challenges , 150 million Nigerians risk being defrauded – NCC , NCC warns telcos against cyber fraudsters , NCC rolls out new regulations on drone use, NCC licenses 10 new VAS providers as it projects market to hit $500 million , NCC, Infracos set to develop broadband infrastructure with N265 billion raise , Telecommunications: Broadband penetration set to grow 

Telecommunications: Broadband penetration set to grow 

The NCC and a consortium of infrastructural companies disclosed they would raise N265 billion for the development of broadband infrastructures.
charges, USSD, code, Banks, CBN, LDR, CRC Credit Bureau, Disrupting Nigerian banks, MTN’s USSD charge is not with our consent - Banks’ CEOs 

Banks borrow N19.64trillion from CBN in 2019

Commercial banks borrowed N19.64 trillion from the Central Bank of Nigeria in 2019, indicating a 73% increase from the N11.36 trillion borrowed in 2018.
Stay ahead of your competitors with these tips

Stay ahead of your competitors with these tips

You will only achieve success if you run your business on your own terms, and not fall prey to chasing after rivals in your industry.
Nigeria received $96 billion diaspora remittances inflow in 6-years

Nigeria receives $17.5 billion diaspora remittances in 2019 

Nigeria received $17.57 billion in direct diaspora remittances in 2019. According to data published by (@cenbank), remittances rose by 56.4% when it increased from $11.23 billion within the same period in 2018 to $17.57 billion in 2019.
Fitch downgrades Nigeria, blames Buharinomics for crisis in the economy , That $22 billion, Nigeria spends $1.31 billion to service external debt in 2019, up by 254% in 5 years, Confusion as ministry and presidency disagree over Finance Act start date  

Nigeria spends $1.31 billion to service external debt in 2019

Nigeria spent a whopping $1.31 billion to cover external debt obligations in 2019, as external debt service payment accumulated to $3.95 billion in the last 5 years (2015 - 2019). Data obtained from the (@cenbank) reveals
Crude oil prices continue to rise on the backdrop of US-Iran tension, US vs Iran: Broad implications for Nigeria, What does Iran’s war with America mean for Africa?

What Iran’s war with America means for Africa

On the 2nd day of the year, U.S President, Donald J. Trump launched a missile attack that killed Iranian General Qasem Soleimani.
Illustration: Ogieva Imasuen

Equities: A bullish run to start the year 

Following a bearish run in 2019, with a negative return of 14.6%, the local bourse began the year on a positive note.
Zenith Bank, GTBank, Loan performance, Ease of doing business, Banks, SMEs, Businesses

Analysis: FUGAZ are back and investors are lapping it up

It's just one full week of business at the Nigerian Stock Exchange and stocks are already 9.51% up, one of the best performers in the world today.
fintechs, commercial banks, Events in FinTech industry in 2019, Nigeria's fintech industry 2020: The growth frontier of the new decade

Nigeria’s fintech industry 2020: The growth frontier of the new decade

At a time when technology is disrupting the global financial services industry, Nigeria has not been left out of the change.
NAICOM, Recapitalisation: 44 firms get NAICOM’s nod , NAICOM boss makes case for recapitalisation, insists the exercise will solidify insurance sector , NAICOM extends recapitalisation deadline for insurance companies to meet new capital base, Due to lack of ‘process’, NAICOM says no insurance firm has met recapitalisation requirement, Insurance: Recapitalisation exercise sets consolidation in motion 

Insurance: Recapitalisation exercise sets consolidation in motion 

Six insurance companies have notified NAICOM of their plans to merge as part of their efforts in meeting up with the regulator’s recapitalisation requirements.
CBN-Governor-Emefiele, Investors’ and Exporters’ forex window aided Naira stability – Emefiele , Financial Inclusion: CBN licensed 15 mobile money operators – Emefiele , Rates continue to decline as banks struggle to meet CBN’s 65% minimum LDR, CBN releases new guidelines, to fine banks N2 million over customers’ complaint , CBN: FG fell short of monthly allocated collected revenue by N388 billion, CBN issues new rule for use of PoS, merchants to face sanction after deadline

Banks’ loan to private sector increases by N3.47 trillion in 2019

As the Central Bank of Nigeria (CBN) continues to compel Banks to boost their credit to the real sector of the economy, analysis of data published by the apex bank revealed that the loans increased by N3.46 trillion in 2019 (between January and November, 2019).
Crude oil prices continue to rise on the backdrop of US-Iran tension, US vs Iran: Broad implications for Nigeria, What does Iran’s war with America mean for Africa?

US vs Iran: Broad implications for Nigeria

Last week, the USA claimed responsibility for the assassination of a senior Iranian general, Qassem Soleimani, warning Iran not to retaliate.

Nigeria spends N1.08 trillion to import used cars and motorbikes in one year 

Data obtained from the NBS show that Nigeria spent a whooping sum of N1.08 trillion to import used vehicles and motorcycles in one year.
National electricity grid collapses again, as NUEE suspends strike action , FG to increase electricity tariffs in order to improve power supply, Power: Liquidity crisis-same old story in 2020?, GenCos urges NBET to pay up N1 trillion debt 

Power: Liquidity crisis, same old story in 2020?

FG will bear a financial burden of N544.894 billion in 2020 being the cumulative shortfall in electricity tariffs of the 11 DisCos.

How billionaires performed on the NSE in 2019; who gained or lost? 

In the Nigerian equity market, 2019 was not a very good one for many investors as the NSE All-Share Index ended the year with a 14.6% loss.  
CFA, ECO and ACTFA

Much ado about CFA, ECO, ACFTA

West African nations previously colonized by France agreed with French President Emmanuel to ditch the CFA currency.
Buhari signs Siemen's deal, Nigeria-Siemens electricity deal, Power: FG signifies financial commitment to Siemens agreement

Power: FG signifies financial commitment to Siemens agreement

Nigeria and power giant, Siemens signed a power sector deal which would lead to the production of 25,000MW of electricity in the country by 2025.
Fitch downgrades Nigeria, blames Buharinomics for crisis in the economy , That $22 billion, Nigeria spends $1.31 billion to service external debt in 2019, up by 254% in 5 years, Confusion as ministry and presidency disagree over Finance Act start date  

Still on the FG’s $22 billion loan

FGN has reintroduced a request to the National Assembly to borrow up to $22.74 billion from the international markets.
International Breweries announces changes in management 

International Breweries end 2019 as worst performing stock.

International Breweries has ended 2019 with the unenviable record as the worst-performing stock of the year. 
SumoBank rebrands to SumoTrust, introduces bank account numbers

SumoBank rebrands to SumoTrust, introduces bank account numbers

An online savings platform, SumoBank has rebranded as it metamorphosed to SumoTrust to continue the race of digital savings App in Nigeria. The firm, launched its operation as a digital savings and investment platform, has grown from 0 to serving about 4000 customers.
OSCAR ONYEMA

Nigerian stock market post worst return in 3 decades

At 28.9% in the last 10 year, investors who held their money in the bourse for this long would have underperformed all fixed income securities.
fintechs, commercial banks, Events in FinTech industry in 2019, Nigeria's fintech industry 2020: The growth frontier of the new decade

Events that shaped FinTech industry in 2019

Though the year 2019 has come and gone, the financial service delivery it witnessed was a boom, as FinTech firms witnessed improved growth,
NAICOM, Recapitalisation: 44 firms get NAICOM’s nod , NAICOM boss makes case for recapitalisation, insists the exercise will solidify insurance sector , NAICOM extends recapitalisation deadline for insurance companies to meet new capital base, Due to lack of ‘process’, NAICOM says no insurance firm has met recapitalisation requirement, Insurance: Recapitalisation exercise sets consolidation in motion 

Insurance: NAICOM extends recapitalization deadline

In May 2019, NAICOM re-introduced the previously suspended recapitalization exercise albeit with more stringent capital requirements.
Nigeria @59: Rise, fall & rise of Nigerian stock market 

Nigerian stocks close 2019 with massive losses for the second year running.

The Nigerian Stock Exchange All-Share index ended 2019 with a year to date loss of 14.6%.