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

Import and Export

Top 10 Items Nigeria Exports and Imports

The National Bureau of Statistics released its latest foreign trade statistics which we reported here. The report contains some interesting data on import and...
Analysts explain when, why CBN could devalue naira by 5-10%

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.
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.  
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.

Here is How Much You Pay as Electricity bill in Your State

The Federal Government in January 2016, introduced new electricity tariffs raising rates by a whopping 40%. The government explained that this was necessary to...
MTN Nigeria, MTN gets CBN licence

How to buy MTN shares on the Nigerian Stock Exchange

It's official, Nigeria's largest GSM Company, MTN Nigeria, will be listed on the Nigerian Stock Exchange on Thursday 16th of May 2019.
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, Data War: MTN gains 8.18 million subscribers in 2019, as Airtel edges Glo, 9mobile

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.
Fast loan: Palmpay, Carbon, Page, Okash, other start-up fintechs wrestle banks, Six Fintech startups with worst loan & savings app service 

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.
CBN Gov Godiwn Emefiele

The New Flexible Exchange Rate Policy Details Explained

Today, the CBN jumped the shark and went for a float. This article explains what this all means.
How the Chinese are taking over Nigeria’s economy 

How the Chinese are taking over Nigeria’s economy 

The investments of Chinese companies in Nigeria worth over $20 billion because the country is a competitive destination for the establishment of industries.
President Muhammadu Buhari, loans, Oil price, FG, Solar vehicles, P&ID firm, Nigeria's GDP, Debt Servicing: Nigeria pays $1.12 billion to World Bank, others in 10-month , How the latest Fitch report affects you in 2020 

How the latest Fitch report affects you in 2020 

Fitch, an international credit rating organisation, has released an end of year report on the Nigerian economy.  
Access Bank and Union Bank, Securities and Exchange Commission Nigeria, SEC might nullify Access Bank and Diamond Bank merger, Access Bank and Diamond Bank, Access Bank to acquire Kenyan bank seven months after merger with Diamond Bank 

Why Access Bank is acquiring Diamond Bank

Nairametrics confirms that a merger deal between Access Bank Plc and Diamond Bank will be announced on or before Close of Business Monday, December...
Xenophobia, MTN Nigeria’s shares drop on NSE following attack on its centres in Nigeria

MTN loses 667,245 internet subscribers, as Airtel records highest growth

The latest data released by the Nigerian Communications Commission (NCC) shows that Nigeria’s telecommunication company, MTN, lost a record of 667,245 internet subscribers in just one month.
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 , CBN moves to reduce cassava derivatives import worth $600 million  , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, CBN, Bankers Committee move to revive National Theatre with N25 billion , Nigeria’s 3.46 trillion fiscal deficit a source of concern – MPC Member , CBN says Nigerian banks assets and liabilities is now at N41.42 trillion , BVN: CBN to link 100 million banks accounts through proactive means, Foreign reserves drops $4.45 billion, edges closer to $30 billion devaluation benchmark, Payment system framework: CBN provides guidelines to address systemic risk, others, CBN retains Loan to Deposit Ratio at 65% as against increment to 70% , Federal High Court could jail Emefiele over $53 million judgment debt, CBN strongly denies establishing a poultry farm to support its monetary policies, Analysts explain when, why CBN could devalue naira by 5-10%, Banking: Surprise hike in CRR-Implications for banks, Agriculture: Suing ABP beneficiaries; A wild goose chase? , CBN lists major constraints affecting businesses, as borrowing rates projected to rise, CBN’s N287.8 billion T-bills auction records oversubscription, as rates fall marginally, CBN to give Niger Delta rice farmers single-digit loan , Naira and exchange rates

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.
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, Data War: MTN gains 8.18 million subscribers in 2019, as Airtel edges 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

Nigeria’s vehicle population data reveals towering opportunities

The National Bureau of Statistics revealed that as at the third quarter of 2017, Nigeria had about 11,547,236 motor vehicles...
Should Gokada and Max.ng be afraid of ORide?, OPay reacts to office shutdown, N25 million license fee, OPay management denies payment issue as ORide riders protest against road transport workers union, Transportation: Lagos bans okadas and tricycles…including Gokada & Oride 

Transportation: Lagos bans okadas and tricycles…including Gokada & Oride 

Lagos is becoming increasingly unsafe for its citizens due to the increasing rate of robbery perpetrated mainly by robbers using motorcycles to aid quick escape from robbery scenes.
Nigeria’s business environment; Survival of the fittest, Reps move to block leakage of N600 billion revenue monthly at Apapa, Tin Can port 

Ghana becomes Nigeria’s biggest trade partner after border closure

The latest foreign trade report shows some interesting numbers, as Ghana tops Nigeria’s export destinations for the first time in the third quarter of 2019. Ghana imported N908.5 billion worth of goods from Nigeria
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.
Nigerian Immigration Service NIS jobs, National Information Technology Development Agency, NITDA begins investigation of Banks and NIS over data breach

CBN to lose N7.6 billion in tax payers money for selling dollars to Hajj...

The Central Bank of Nigeria has issued a circular instructing commercial banks to sell dollars to Pilgrims going to the Hajj at an exchange...
Ghana’s cedi becomes investors’ best choice ahead Nigeria’s naira  

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. 
How young Nigerians invest

Exclusive: A look at how young Nigerians invest their money nowadays 

As his phone finally buzzed with the notification of his salary payment, John pondered whether to stick to his investment plans or cheat for the last time. 
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, Access Bank, Zenith, FBN, 16 others disburse CBN’s N610.4 billion to farmers , Credit to government declines, as Credit to private sector hits N25.8 trillion, Banking sector NPLs down, loans up, Non-Performing Loans in Agriculture, construction, others rose to N143.76 billion, Asset seizure: Banks begins recovery of N6.125 trillion borrowed to the oil sector, Customer Experience: GTB, FCMB, Citibank, others emerge best banks in 2019  

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.
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.
Sesame Seeds

Sesame seeds: Small seeds that could be Nigeria’s black gold

Sesame seeds is a flower plant that has a variety of relatives spread across Africa.
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

Rates continue to decline as banks struggle to meet CBN’s 65% minimum LDR

Over the last few days, there have been notices from a couple of banks advising a downward review of deposit rates. 

Is Nigeria really practising Democracy?

Democracy ought to refer to ‘government of the people, by the people and for the people. By this simple definition, a layman can easily...
Accion Venture offers 30% of investment fund to African Fintechs driving financial inclusion

Fintech companies to watch out for in 2019  

The disruption fintechs have brought about is certainly undeniable, even as their effectiveness is one of the qualities that have distinguished them.
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 , CBN moves to reduce cassava derivatives import worth $600 million  , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, CBN, Bankers Committee move to revive National Theatre with N25 billion , Nigeria’s 3.46 trillion fiscal deficit a source of concern – MPC Member , CBN says Nigerian banks assets and liabilities is now at N41.42 trillion , BVN: CBN to link 100 million banks accounts through proactive means, Foreign reserves drops $4.45 billion, edges closer to $30 billion devaluation benchmark, Payment system framework: CBN provides guidelines to address systemic risk, others, CBN retains Loan to Deposit Ratio at 65% as against increment to 70% , Federal High Court could jail Emefiele over $53 million judgment debt, CBN strongly denies establishing a poultry farm to support its monetary policies, Analysts explain when, why CBN could devalue naira by 5-10%, Banking: Surprise hike in CRR-Implications for banks, Agriculture: Suing ABP beneficiaries; A wild goose chase? , CBN lists major constraints affecting businesses, as borrowing rates projected to rise, CBN’s N287.8 billion T-bills auction records oversubscription, as rates fall marginally, CBN to give Niger Delta rice farmers single-digit loan , Naira and exchange rates

Hurdles before CBN, as ABP beneficiaries fail to repay loan

Recent media reports suggest the CBN is struggling to recoup the loans disbursed in 2015 from the concerned farmers under its Anchors Borrower's Programme (ABP).
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.