Wealth.ng
Nigerian Millennials

Nigerian Millennials have figured where to invest their money

This why Nigerian Millennials will rather invest in cryptocurrency and ponzi scheme.
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.
London Stock Exchange- Ecobank Transnatonal

Analysis: Ecobank, the good, the bad and the ugly 

Ecobank Nigeria is failing investors and time is running out.
Airtel's Listing

OPINION: It’s time to bring back Margin Lending 

OPINION: It’s time to bring back Margin Lending 
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.
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
PZ Cussons Nigeria Plc Full-year 2019. PZ Cussons’ revenue declines by 0.55%  

PZ Cussons and its sticky pattern of losses

There is a familiar pattern that has reared its head every first quarter, since at least 2016 at PZ Cussons and it’s getting us puzzled
United Capital, a Treasure in the Mire, United Capital Plc announces close period ahead of Q3 2019 results

United Capital share price has crashed by 35% since June 2018

United Capital share price has crashed by 35%
Ex Finance Minister Zainab Ahmed, explains why VAT will rise to 7.5% next year

This thread exposed everything that’s wrong with Nigeria’s VAT

There are reasons why it may be wrong to compare VAT in Nigeria with that of other countries. Our VAT is not a proper VAT.
Devaluation relief: Nigeria is set to gain big from Saudi Aramco Attack

Devaluation relief: Nigeria is set to gain big from Saudi Aramco Attack

Whilst this is bad news on a global scale, Nigerian may inadvertently stand to benefit from it, albeit in the short term.
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 

Access Bank recover N14 billion in bad loans after merger with Diamond Bank

Access Bank recover N14 billion in bad loans after merger with Diamond Bank

Faltering Guinness pays bumper dividends but Diageo rakes in billions in royalties

Whilst shareholders about 42% of them will have to make do with only 4.8% dividend yield, the same cannot be said of Diageo, the parent company with 58% ownership of Guinness
What UACN decision to un-bundle UPDC means for its shareholders

What UACN decision to un-bundle UPDC means for its shareholders

How do you explain going from revenue of N11.7 billion per annum to N2.3 billion in 5 years? In fact, try explaining going from a profit of N3.5 billion to an astonishing loss of N10.9 billion. This, unfortunately, has been the story of UPDC Plc.
ABC Orjiako

Opinion: AMCON, Shebah Bank Debt Saga – ABC Orjiako’s Involvement by ThankGod Oghenenyore

Last week, there was a court ruling against Dr. ABC Orjiako and his companies — Shebah Exploration & Production Company Limited and Allenne Limited.
Finance Minister, President Muhammadu Buhari, AFCTA

5 things Buhari’s new Finance Minister must do within 100 days

5 things @MBuhari's new Finance Minister @ZShamsuna must do within 100 days
International Breweries beer war

Beer Wars: International Breweries takes number 2 market share from Guinness Plc

Beer Wars: International Breweries takes number 2 market share from Guinness Plc
Development Policies

OPINION: Development policies should focus on producers, not consumers

The strongest voices on Africa's development economy are often in favour of policies intended to prioritize low consumer prices and view development policies with suspicion.
Why MTN share price may have peaked

Why MTN share price may have peaked

MTN Nigeria listed on the Nigerian Stock Exchange on the 16th of May 2019 immediately making it one of the hottest stock in the...
Breaking News, Godwin Emefiele, Senate confirms Emefiele's re-appointment for second term

BIG TROUBLE: CBN’s N650 billion ‘crisis’ explained

Last week, the Central Bank of Nigeria scrambled to respond to a leaked tape that alleged a huge fraud had occurred at the apex...
MTN listing

MTN will join these 3 stocks in the Trillion Naira Club (TNC)

As MTN prepares to list on the Nigerian Stock Exchange later this week, the stock is expected to catapult straight into the trillion naira club list.
MTN Group

Quick Take: Key takeaways from MTN Nigeria’s Analyst Presentation

MTN Nigeria held an Analyst Conference yesterday ahead of its planned listing by introduction on the Nigerian Stock Exchange (NSE). Check out the key takeaways.
Medview Airlines to increase aircraft fleets, Medview Airlines get bank loan, Air Peace Boeing 737 Max

Medview Airline in financial trouble as Airpeace, Private Jets seize market share

It was January 2017 and one of Nigeria's leading aviation company listed on the Nigerian Stock Exchange. Medview Airlines listing on the exchange was...
Forte Oil Plc, Femi Otedola, Forte Oil to change name, Olumide Adeosun

Quick Take: Forte Oil Plc’s Profit After Tax grows by 13.7% in Q1 2019

Petroleum company, Forte Oil Plc, have released its financial statement for Q1 period ended March 31st. Here are the key highlights of the result
Nigerian youth

Pension contributions from Nigerians under 30 dwindling at an alarming rate

Pension Fund contributors aged less than 30 years now make up a smaller number of pension contributors, going by the data released by the National Pension Commission.
Guinness Nigeria

Guinness Nigeria Plc: Strong growth in tough Full Year 2018

Guinness Nigeria has released FY18 results showing a 14% increase in net sales

Analysis: Julius Berger and Government Magic

The company expects revenue to grow to ₦210 billion, to be spurred by government contracts valued at ₦500 billion

Why Eko Hospital wrote off nearly N1 billion

Ekocorp Plc, the owners of the embattled Eko Hospital recently released its financial statements for the year ended December 2017. Turnover increased slightly from...
A cross section of shareholders at GT Bank's AGM.

How a judgement debt could affect GT Bank shares and your deposits.

On Thursday, Innoson Ltd tweeted that the Supreme Court of Nigeria struck off the ‘motion for stay’ filed by Guaranty Trust Bank (GTB) while...

Words on the street suggest the stock market is in a dangerous corner

The Nigerian stock market has reversed all the gains it made earlier this year. Currently, the market has turned negative and it appears this...

These stocks have posted returns higher than their sector GDP growth rate

Key Highlights Real Quarterly GDP Growth - 1.95% Quarter- on- quarter Reduction - (0.16) Aggregate...