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

Nigerian Immigration Service NIS jobs, National Information Technology Development Agency, NITDA begins investigation of Banks and NIS over data breach

Is This Proof That Nigeria’s Official Exchange Rate Is Rigged?

The Central Bank caved a few weeks ago and dropped its naira fixing policy. According to the official announcement they were going to adopt...

ARM Research: Dangote Cement 2014 Half Year Results

Initial Review Dangote Cement Plc. (6 months ended June 2014) Dangote Cement Plc (DCP) released financial results for 6 months ended 30th June 2014, wherein revenues rose 5.3%...
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.
interview

The Market for the African Software Developer by Skynode Labs

Note: Long Read Background The title of this work is something of a misnomer as the reader will discover in the developing narrative. It is obviously...

CONOIL PLC 9M 2016 – This Stock Has Just Been Rated “Buy”!

Yesterday, Conoil Plc. released its 9M 2016 results, wherein revenue rose 6.3% YoY to N63.9 billion while a slower increase in COGS (6.1% YoY)...
Photo by William Iven on Unsplash

Legal View: Who owns Patent to an invention, Employee or Employer?

This article explores the thin line between employee and employer claims to the ownership of Patents. NIGERIAN PATENT LAW VIS-A-VIS OWNERSHIP OF INVENTIONS MADE IN...

Earnings Review: Okomu Oil Palm Plc H1 2013

Okomu Oil released its Half Year 2013 Earnings showing revenues dropped sharply by 21% to N4.8billion when compared to the same period last year.Gross...
OPEC

OPEC’s Strategy hangs in the balance

With earnings season now over, we have yet another opportunity to take more than a cursory glance at the H1:2019 financial scorecards for Nigeria's downstream segment.

A Nigerian Bank Just Outlined 6 key Events That Might Affect Your Businesses in...

The Nigerian economy is in peril, the country is broke, millions of jobs will be lost and 2016 may turn out to be a...

Inflation Rate Jumps To 50% For These Set Of People

The National Bureau of Statistics is set to release its inflation numbers this week with some analyst already calling for a rate higher than...
Peace

Peace Mass Transit MD returns N2.2 billion excess deposit to banks

Onyishi explained that he requested the sum of $3 million from the Central Bank through Unity Bank only for his First Bank account to be credited with $10 million, resulting into an excess of N2.2 billion.
financial inclusion, Lagos

Who is Solving the Financial Inclusion Problem in Lagos?

The financial inclusion narrative has become an old horse.

Earnings Review: Oando Plc 2012 FY

    Oando Plc released its 2012 Audited Results with revenues increasing 17.8% to N673.1billion (2011: N571.3billion). Gross profit also increased 24% to N81.6billion during the...
NCC

Boost for Nigeria’s economy as Mobile Internet Subscribers hit 113.9m

Mobile Internet users in Nigeria increased marginally to 113.9 million in January 2019, data from the Nigerian Communications Commission (NCC) has revealed.

Why The CBN Is Doing All It Can To Stimulate The Economy

If you haven't noticed, the Central Bank of Nigeria is pouring billions into the Nigerian economy. It has been doing that via a combination of...

Analysis: Zenith Bank Beats Estimates, “Strong Buy” Implied

Analysis of Zenith Bank's 2016 Full Year Results Commentary Zenith Bank Plc. (Zenith) kicked off the FY 2016 earnings season for Nigerian...

[ANALYSIS] 7up Could Hit N200 on Monday but Is It Worth it?

Seven Up Plc closed the week at N194 on Friday gaining 7% and joining the top ten gainers for the week. The stock has...

Why GT Bank Is A Buy

Guaranty Trust Bank (GTBank) recently held a conference call to discuss its FY15 results and 2016 outlook. We learnt: 1) a loan mix shift...

Earnings Review: Beta Glass Plc FY 2012

Beta Glass Plc released its 2012 FY results with revenues rising just 1.6% to N12.9billion. Rising cost of raw materials will push Gross profit...

CWG joins the bandwagon with a questionable profit warning

Computer Ware House Group (CWG) has issued a profit warning that it is expecting an operating loss in its full year 2015 as the...
LDR: Growing the real sector by fiat?, Rapid increase in food prices temporary – Emefiele  

LDR: Growing the real sector by fiat? Part 1

The CBN recently mandated Commercial Banks in the country to maintain a minimum Loan to Deposit Ratio (LDR) of 60% by 30th September 2019.

Official: UBA Plc Post 9% Drop in PAT To N46.6billion. See Highlights…

UBA PCL released its 2013 FY results showing a 12% increase in Gross Earnings from N220billion in 2012 to N246.6billion. Highlight of the results...

TOTAL NIGERIA PLC 9M 16 – This Company Is Up 95% And It’s Still...

Yesterday, Total released its 9M 2016 result, wherein revenues expanded 38.2% YoY to N220.2 billiondriven by a 37% and 48% YoY growth in petroleum...

Naira Has Fallen: The Lambs Remain Silent

So for everyone who is wondering why we have “devalued” or “floated” but those foreign investors have refused to come...this provides another explanation
Tech driven charts. Photo by Olu Eletu on Unsplash

Nigerian pension funds gain meagre 3.76% in Q1 2018

Nigeria’s RSA Pension funds posted a median gain of 3.76% during the first quarter of 2018, according to financial analysis firm, Quantitative Financial Analytics....

Q1 REVIEW: DANGOTE SUGAR PLC, A MUST BUY?

Dangote Sugar released its Q1 financials and as expected was impressive. See below;   Revenue The Company made a revenue of N26.7b for the first quarter (Q1)...

Nigeria’s Top Trade Partners (Countries of Imports and Exports)

Countries of destination for Nigeria's imports and exports.

MRS Oil Post Poor PAT Results For FY And Q1…But Declare Dividends

MRS Oil Plc released a double dose of 2012 FY and 2013 Q1 results today. The company posted a N79.7billion revenue representing an increase...

Unilever Plc Post N1.2B Q1 2013 Pre-Tax Profit

Unilever Plc released its first quarter earnings report with revenue posting flat growth to N14.2billion. Operating profit also saw relatively flat growth rising 0.9%...