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Analysis

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

Analysis: Why the stock market is rallying in November

Most analysts report read by Nairametrics suggest the recent rally is a combination of several factors which if sustained could prolong the rally.
Fast loan: Palmpay, Carbon, Page, Okash, other start-up fintechs wrestle banks 

Fast loan: Carbon, Page, Okash, other start-up fintechs wrestle banks 

Today, November 13, Palmpay, an African-focused mobile payment startup, will launch in Nigeria.
Zenith Bank GMD Ebenezer Onyeagwu, Central Bank of Nigeria, CBN's loan-to-deposit ratio policy, Nigerian Stock Exchange NSE stocks, Banks in Nigeria, Deposit Money Banks in Nigeria

Analysis: Zenith Bank, cheap and cheerful 

At N17.15 the stock is off its one-year low of N16 and still at one of its lowest share prices since 2017.
CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  , Increasing food prices might erase chances of CBN cutting interest rate   , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN 

Implications of the new CBN stance on treasury bill sale to individuals

CBN has directed banks and other financial institutions to stop selling treasury bills to individuals and small firms with effect from November 29th.
local

Local rice floods major markets in Nigeria, as frozen food sellers lament low patronage  

Locally-produced rice in Nigeria has gained huge momentum, as Nairametrics Research Team found that various brands of local rice have now flooded major markets in the country. As a result, the prices of local rice slightly dropped.
MTN Nigeria share price, MTN Nigeria court case, MTN Nigeria cyber attack, MTN Nigeria loses N700 million to cyber attack, MTN Nigeria denies cyber attack, MTN Nigeria financial statement, MTN Nigeria listing, EFCC raid MTN Nigeria, MTN Nigeria list on NSE, Nigerian Stock Exchange, MTN AI for Mobile Money

Analysis: MTN, buyer beware or aware? 

MTN share price fell to N122 on Friday — the lowest since May 21, 2019, two days after its famed listing.
Behold! Some NSE’s oldest firms, A look at the secret behind Chinese companies’ success in Nigeria

A look at the secret behind Chinese companies’ success in Nigeria

China’s economic exploits across Africa have continued to fascinate observers.
Nigeria Customs Service shuts 272 car marts over smuggled car sales , Automobile dealers, Customs at loggerheads over vehicle smuggling, import duty , January 2020 is no terminal date; Borders will remain shut after then - Customs , FG bans fuel supply to border petrol stations, order threatens businesses, jobs, Ban on fuel distribution to border filling station begins to affect network providers , Nigeria Customs Service wants FG to impose this tax on petrol importers , Experts lament rising inflation over border closure  

Economy: Still on the border closure

Col. Hameed Ali has ordered that petroleum products should no longer be supplied to filling stations within 20 kilometres to all Nigerian borders.
NSE moves to protect investors’ data , Ekiti, Osun, Delta, Imo, 9 others raise over N500 billion bonds in 10 years 

Ekiti, Osun, Delta, Imo, 9 others raise over N500 billion bonds in 10 years 

Governor Gboyega Oyetola would be engaging the capital market community on areas of support to finance projects and invest in the state tomorrow.
MTN Nigeria shares, Airtel Afrrica shares, Glo subscribers, 9mobile subscribers, Internet speed, Data war heightens, as 311,183 subscribers dump Glo, 9mobile 

Data war heightens, as 311,183 subscribers dump Glo, 9mobile 

Telcos in Nigeria are trying hard to offer quality services and affordable plans in a bid to outdo one another.  
stock, shares, Equity Market down by 0.6% on Monday, Quoted Companies post N4.2 trillion combined profits since 2015, Stockbrokers in Lagos are shifting focus to commodities as stocks underperform

Quoted Companies post N4.2 trillion combined profits since 2015

Listed companies on the Nigerian Stock Exchange posted a combined profit after tax of about N4.2 trillion between 2015 and 2018.
Wapic to raise N15 billion share capital ahead of NAICOM's deadline

Analysis: WAPIC is running out of time

In its latest results, Return on Average Equity was a paltry 6% (8% annualized), significantly poor when you consider the company’s potentials.
Disrupting Nigerian banks, Evolution of Nigerian banks in 59-years , GTB, UBA, Zenith, Access Banks’ salary advance loans, Can a company operate without a website in 2019? , Banks refund N3.09 billion to customers over claims on excess charges, fraud, others  , Bank CEOs applaud NCC’s decision to suspend USSD charges, GTBank, Zenith, Access, FBN, 10 others spend over N8 billion on CSR, Banking: Evolving trends in the bankers’ market, GTBank, Access, FBNH, Standard Chartered wrestle over women entrepreneurs 

GTBank, Zenith, Access, FBN, 10 others spend over N8 billion on CSR

GTB, Zenith Bank, Access Bank, FBN, UBA and 10 others spent over N8 billion on their Corporate Social Responsibilities in 2018.
Live and work in Canada

How to Apply for Canadian Permanent Residency from Nigeria on Your Own

How to Apply for Canadian Permanent Residency from Nigeria on Your Own
Cashew & Cocoa Exporters may face dilemma as Vietnam engages Nigeria in Trade romance 

Vietnam visit threatens Nigerian cocoa exporters

The closure of Nigerian borders appears to be taking its toll on some countries, as Vietnam, approached Nigeria to take its rice at discounted rates.  
Mobile money war: Telecoms threaten banks' future in Nigeria

Access Bank, UBA, GTB, 7 others increase loans by N1.84 trillion in 9-month

Access Bank, UBA, GTB, 7 others increase loans by N1.84 trillion in 9-month
Why Airtel's IPO is not for you.

Analysis: Airtel is winning the data war

Through aggressive and appealing advertising, it reported that “during the period, 4G data usage increased by almost 20 times.” Airtel’s Data revenue now accounts for 31% of Airtel Nigeria revenue, compared to 22% in the prior year.
Akwa-Ibom, Ondo, Taraba, 3 others spend over N100 billion on unviable airports  

Akwa-Ibom, Ondo, Taraba, 3 others spend over N100 billion on unviable airports  

Ten Nigerian Banks have increased their loan disbursement to customers by N1.84 trillion in the first three quarters of 2019. This is obtained in the third quarter financials of various banks released so far.
fintechs, commercial banks

CBN OMO Blues: Your FinTech saving app could suffer bigly

The latest CBN restriction on OMO bills could negatively affect FinTech apps
prices of chickens poultry owners

Poultry owners jack up prices of chickens, others, as Nigerians abandon imported frozen foods 

Poultry owners are reportedly jacking up prices of chickens, turkeys and other farm produce.
CBN’s, OMO, Gimmickry, CBN blows $2.04 billion to defend the Naira in May as Reserves deplete

CBN’s OMO Gimmickry explained 

CBN's latest circular restricting OMO to foreign investors and Nigerian banks explained including its implication for the economy.
PFAs make N1.69 trillion ROI , Pension Contributions in Nigeria rose by N169.9 billion in 3-month , PenCom calls for thorough scrutiny of dead RSA holders’ benefits, PenCom discontinues Employee Death Benefit Account  

Pension contributions in Nigeria rose by N169.9 billion in 3-month 

Pension contributions in Nigeria rose by N169.9 billion in the second quarter of 2019 to push the aggregate total contributions to N5.45 trillion.
Rise and fall of Med-View Airline 

Rise and fall of Med-View Airline 

Med-View commenced domestic operations in November 2012, now the airline has decided to spread its wings beyond the shores of Nigeria.
Disrupting Nigerian banks, Evolution of Nigerian banks in 59-years , GTB, UBA, Zenith, Access Banks’ salary advance loans, Can a company operate without a website in 2019? , Banks refund N3.09 billion to customers over claims on excess charges, fraud, others  , Bank CEOs applaud NCC’s decision to suspend USSD charges, GTBank, Zenith, Access, FBN, 10 others spend over N8 billion on CSR, Banking: Evolving trends in the bankers’ market, GTBank, Access, FBNH, Standard Chartered wrestle over women entrepreneurs 

Disrupting Nigerian banks

How does a bank like Zenith Bank accumulate more capital to be deployed than First Bank?
C & I Leasing Plc The NSE’s best performing stock in 2019 was just struggling last year; what changed? 

The NSE’s best performing stock in 2019 was just struggling last year; what changed? 

Between December 2018 and October 18th, 2019, the share price of C & I Leasing Plc has leaped by as much as 310% to N7.30, up from N1.78
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’ debt stock hits N5.27 trillion, as Imo, Rivers borrowed the biggest 

The debt stock of states in Nigeria rose to N5.27 trillion in June 2019. This is reflected in the report released by the DMO for the Q2 2019. 
price of rice, Scarcity of imported rice hits major markets, as dealers pack local rice in foreign bags 

Scarcity of imported rice hits major markets, as dealers pack local rice in foreign...

Some rice dealers in major markets in Lagos State are reportedly packing locally-manufactured rice into foreign bags, as prices jump higher.
MTN Nigeria list on Nigerian Stock Exchange, MTN Nigeria listing

5 Nigerian companies with a combined market value of 5% of Nigeria’s GDP 

Using the market capitalization of N12.9 trillion as of September 2019 and nominal value GDP of N129 trillion as of December 2018, Nigeria has a market cap to GDP percentage of 10%.
Nigeria received $96 billion diaspora remittances inflow in 6-years

Nigeria received $96 billion diaspora remittances inflow in 6-years

Nigeria received $96 billion diaspora remittances inflow in 6-years
stock, shares, Equity Market down by 0.6% on Monday, Quoted Companies post N4.2 trillion combined profits since 2015, Stockbrokers in Lagos are shifting focus to commodities as stocks underperform

Why big brands go from boom to bust

The fortunes of some Nigerian conglomerates’ listed on the Nigerian Stock Exchange (NSE) have really dropped from boom to bust.