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

Quality of local rice improves as food prices drop across major markets 

Quality of local rice improves as food prices drop across major markets 

The quality of locally produced rice in Nigeria has recorded significant improvement in recent weeks, as revealed by the latest Nairametrics Household Survey.
Mutual Funds, Mutual Fund gone bad: Nigerian investor discloses his 10 years investment that nosedived , Nigeria’s mutual fund asset value reaches N1 Trillion

Fund of funds, missing link in Nigeria’s mutual fund industry

Fund of funds, missing link in Nigeria’s mutual fund industry
Research: Stock recommendations for the week, as ASI drops by 2.65% , Zenith, GTB, UBA lead actively traded stocks on Monday 

GTBank, Dangote Cement, Zenith Bank, make ARM’s hot stocks list  

The stocks of Dangote Cement Plc, Zenith Bank Plc, Nestle Plc, Nigerian Breweries Plc, and Seplat Plc have made the shares of fortune list of ARM securities.
stockbroking firms, Stocks that grew their dividends by more than 100% in 2019, , Top 10 Stockbroking firms traded on stocks worth N138.1 billion in January 

These are best dividend stocks in 2019

NSE data revealed that 29 companies in Nigeria declared and/or paid more dividend per share in 2019 than they did in 2018. While two doubled their dividend, another two paid more than 50%, others did more in 2019 than 2018
Sterling Bank, Sterling Bank: Impressive growth in profit despite elevated OPEX

Sterling Bank: Impressive growth in profit despite elevated OPEX

Sterling Bank released its FY 2019 UNAUDITED report, with Gross Earnings coming in flat at N149.5bn, in line with our estimate of N149.5bn.
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 , IGR: States generate N986.2 billion in 9-month, up by 16.8% [full-list], FG share N8.15 trillion with states, others in 2019 

IGR: States generate N986.2 billion in 9-month, up by 16.8% 

States in Nigeria generated the total sum of N986.2 billion Internally Generated Revenue (IGR) between January and September 2019.
Quality of local rice improves as food prices drop across major markets 

Food items’ stock pile-up across major markets, as prices continue to drop 

The latest Household survey carried by Nairametrics Research Team showed that prices of major food items in Lagos dropped significantly.
Disruptive Opportunities: Can developing AI and robotics stabilise the Naira?

Disruptive Opportunities: Can developing AI and robotics stabilise the Naira?

Currently, big tech players like the UK are outsourcing AI, robotics, and other related jobs to China, where the labour is much cheaper.
Massive losses force management shakeup at Unilever Nigeria

Massive losses force management shakeup at Unilever Nigeria

With losses mounting, Unilever's aggressive revenue growth is coming home to roost.
NSE in 2019, events & outlook, Foreign portfolio transactions drop by N280 billion as foreign investors remain net sellers of Nigerian equities , 2020 Nigerian Equities Outlook: Breaking the Jinx?, Equities: Foreign investors remain net sellers for second consecutive year , Investors part with N152.1 billion as bearish trade extends 

2020 Nigerian Equities Outlook: Breaking the Jinx?

After two consecutive years of a bearish run in the equities market (2018 -17.8% and 2019 -14.6%), we begin 2020 on a positive note.
PoS transactions hit N3.20 trillion in 2019, as stamp duty rip-off remain , Charges: Current accounts held drops by 4.5 million, as PoS transactions hit N373 billion

PoS transactions hit N3.20 trillion in 2019, as stamp duty rip-off remains

The value of transactions carried out using Point of Sale (PoS) channel in Nigeria hit N3.20 trillion in 2019.
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, CBN may devalue naira in 2020 as experts highlight red flags in the economy, CBN appoints and redeploys directors within its ranks, Banks look to lending rates for revenue, as slash on e-transaction charges affect operations, CBN discloses currency in circulation worth N2.44 trillion, CBN to commence recycling of mutilated naira notes, Agriculture: CBN's revised policy on the dairy industry, CBN condemns foreign money transfers to Nigeria, Experts outline effect of CBN’s longer term contract

Devaluation: Experts highlight trends clouding economy’s growth in 2020 

Financial experts and analysts say structural imbalances like revenue shortfall, development in the global oil market and CBN policies among others pose very bleak outlook for the economy.

Analysts explain when, why CBN could devalue naira by 5-10%

The report explains why a 5-10% devaluation of the naira is plausible amidst the CBN's recent monetary policies.

Manchester United: A football club or a business

Manchester United’s standard of elitism as of late dropped so low since the retirement of the long-term manager, Sir. Alex Ferguson in 2013
Data War: MTN edges our Airtel for first time in 5 months as 493,556 subscribers dump Glo, 9mobile , MTN is winning the data war, as 1.88 million subscribers dump Glo, 9mobile 

MTN wins data war, as 1.88 million subscribers dump Glo, 9mobile 

Nigeria’s largest mobile telecommunication company, MTN, is leading the race for greater data market share among Telcos for the second month in a row. Operators in the industry showed no signs of relenting on their efforts to outsmart each other for market share in the industry. #MTN, #AIRTEL,#GLO
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 , IGR: States generate N986.2 billion in 9-month, up by 16.8% [full-list], FG share N8.15 trillion with states, others 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.
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.
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
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.
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, CBN may devalue naira in 2020 as experts highlight red flags in the economy, CBN appoints and redeploys directors within its ranks, Banks look to lending rates for revenue, as slash on e-transaction charges affect operations, CBN discloses currency in circulation worth N2.44 trillion, CBN to commence recycling of mutilated naira notes, Agriculture: CBN's revised policy on the dairy industry, CBN condemns foreign money transfers to Nigeria, Experts outline effect of CBN’s longer term contract

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).

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.

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.  
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.
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,
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%.
Nigerian Economy: Solution To Fixing Buharinomics

Nigeria in 2020: SB Morgen perspective

The Nigerian economy is expected to be challenged with uncertainties in the year 2020 and possibly beyond, SB Morgen Research disclosed.
NSE moves to protect investors’ data , Ekiti, Osun, Delta, Imo, 9 others raise over N500 billion bonds in 10 years, Equities: Foreign investors remain net sellers of Nigerian equities, Top 10 stockbroking firms traded N1.35 trillion on stocks in 2019, Equities: A bullish run to start the year, NSE to sustain growth in 2020, CEO assures

2019: Foreign investors remain net sellers of Nigerian equities

It is pertinent to highlight that foreign investors have been net sellers of Nigerian equities in every other month in 2019.