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Expert reviews and opinions from financial analysts, economist, professionals, business leaders and leading experts in Nigeria.

The Nigerian stock market closed the week ended September 15th on the losing end shedding about 2.65%. This was the worst week in about 7 weeks as investors blamed profit taking for the reason for the drop. Despite this drop, the All Share Index is still up year to date...
This story delves into the world of corporate mind games, maneuvers and one of the deftest company takeovers ever seen in Nigeria It all began in 1977, when 3 young Nigerian Doctors, who just returned from overseas decided to come together to setup a hospital. One of them practiced Medicine,...
Picture the guy who sells handkerchiefs and face towels in traffic? Ever wondered why he is still sweating profusely with so much amount of handkerchiefs and face towels he has in his hands? That’s exactly what a certificate of occupancy looks like to an its holder. Just like the handkerchief...
What is a Non-Disclosure Agreement (NDA)? A non-disclosure agreement is a written contract between two parties that prohibits the sharing of confidential information that has been revealed to them. If you are asked to sign an NDA, what this means is that you are promising to keep secret any information...
This is a story of Nigeria's biggest indigenous oil and gas company, a 61-year-old entity that was morphed over the years by a combined dose of ballsy youthfulness, ruthless ambition and the kind of opportunity that can only be found in an emerging economy. The story begins with a historical...
There have been debates among consumers regarding what brand of sugar leads the pack in terms of quality and value for money. To the unacquainted user, all table sugar is sugar, without any distinguishing factor, since they all take the form of white shiny crystalline grains. But this is...
Finding a job in Nigeria is no easy feat – and it's often hindered by limited experience and high competition, particularly for recent graduates. While a fortunate few are able to get jobs that align with their career goals, a vast majority of people are forced to take up...
When you prepare a set of accounts to International Financial Reporting Standards (IFRS), one of the things you are required to do is disclose any ‘related party’ transactions. The accounting standard that covers this disclosure requirement is IAS 24. Here’s what the IFRS website says about IAS 24: The objective of...
Nigeria’s economic recovery stalled in the second quarter in spite of an improvement in oil production. A sharp decline in telecoms output explains a large part of the weakness in service-sector growth. This should ease in 2H while higher oil revenue may help the construction and real estate sectors...
Investor: Can you share your idea? Entrepreneur: I want to revolutionize the transport system in Lagos. I want to “disrupt” all these danfos Investor: So how are you going to achieve this disruption? Entrepreneur: I am building an App, to be downloaded from Google Play Store. People will then be able to...
After a series of vague press releases, Oando Plc and its aggrieved shareholders have revealed the details of their disagreement contained in a petition sent to the Security and Exchange Commission (SEC). Oando has recently been in the news over a petition sent to SEC by two investors who are...
Unity bank is one of the tier 2 commercial banks in the country, but has lagged behind its counterparts for several reasons. Here's a breakdown of the current state of the bank and why we have a bearish outlook. History Unity bank was founded in 2006 from the merger of 9...
Nigeria grew 0.5% YoY in 2Q17 vs -1.5% YoY a year earlier. The oil & gas and financial services sectors pulled the economy out of recession. Outside agriculture, the non-oil sector remains weak. This is mainly because real estate and trade, which account for 25% of GDP, are still...
According to the Nigeria Stock Exchange’s (NSE) X-compliance report for August 2017, AMCON executed a block divestment of its stake in Niger Insurance Plc amounting to 724.3 million shares in favour of Etha Ventures Limited at 0.54 kobo per share. Approval for the deal was granted by the NSE...
Hurray, we are finally out of recession. The NBS announced this morning that the economy grew by 0.55% year on year in the second quarter of 2017, the first quarterly growth since 2015 and officially ending the deepest recession in maybe 20 years. At least the deepest recession since...
Cowrywise is a personal finance app that enables people save by making automated deductions from their account. Money saved is then invested in money market securities. Cowrywise is registered with the Corporate Affairs Commission (CAC) and Lagos State Government as a cooperative and multipurpose society. Cowrywise.com is run by a...
UBA Nigeria Plc, one of Nigeria's top banks released its 2017 half-year results indicating pre-tax profits rose 65% to N57.5 billion (2016 HY N42.3 billion). The bank also reported gross earnings of N386 billion, representing a 41% increase from the N273 billion reported a year earlier. UBA's latest results is...
Nigeria President Buhari returned on Saturday after being away in the United Kingdom for over 100 days on medical vacation. His return has been cheered by a lot of his supporters while his critics still believe he should have been more transparent about his illness and should have even resigned. He...
The Federal Government recently announced that a list of 27 new industries have been included in the list of companies eligible for Pioneer Status in Nigeria. Any company that is designated as a Pioneer company is not expected to pay tax in the aspect of their business that is...
Seven-months ago, Nestle’s share price hovered around a five-year low of N591.95, which we linked to a combination of fundamental concerns and absence of portfolio flows (See report: Nestle Nigeria plc: Short on foreign love). Fast-forward to current period, the company’s stock price now trades at an unprecedented high...
Last week, the Finance Minister, Kemi Adeosun announced that the Federal Executive Council had approved a plan to refinance $3billion (N1.1trillion) worth of Nigerian Treasury Bills with issuance of 3-year dollar bonds. The aim of the plan, which is still to go the National Assembly for approval, is to...
The Federal Government during the week announced that it had included a list of 27 industries as eligible for pioneer status, bringing the total number to 71. This is a welcome development as it means more and especially smaller industries can now benefit from tax breaks for new businesses,...
The Federal government is to refinance maturing domestic debt with $3 billion treasury bills. Minister of Finance Kemi Adeosun disclosed this at a press briefing after yesterday’s Federal Executive Council (FEC) meeting. Mrs Adeosun also attempted to allay fears of increased  borrowing, insisting that instead of borrowing Naira, we are...
In an apparent response to an article that featured in Nairametrics, Tantalizers has revealed that it had commenced corporate restructuring of its existing debts and cost structure while looking to raise equity. Nairametrics had reported on Sunday that the company was on the edge of a liquidation if it does...
Nigeria's leading integrated energy company, Forte Oil Plc has announced plans to offer for subscription up to N20 billion through book building. The announcement was contained in the weekly stock market newsletter issued by the Nigerian Stock Exchange. In a move that surprised retail investors, Forte Oil revealed the offer...
Data from the Nigerian Stock Exchange reveals that 132 million shares of Livestock feeds were traded at an off market transaction valued at N133 million. The deal is a significant one, because it represents a significant portion of the company’s share capital. The company has an issued and fully paid...
One of the intractable challenges that Nigeria has to deal with is that we often do not properly define the scope and scale of our problems before attempting to come up with solutions. Then, when our "solutions" fall flat, we wonder why they did not produce the intended result....
A report by the Nigeria Stock Exchange for the month of June, 2017 revealed that retail investors’ participation surpassed that of institutional investors for the first time in the last five months. According to the report which highlights the domestic composition of transactions on the Exchange between January and June...
A popular saying admonishes us not to eat with ten fingers. This axiom is not a homily about table manners. It is a metaphor about the virtue of living prudently. A more prosaic rendering will go like this: save a portion of your earnings for the possibility of emergencies...
The Central Bank Governor on Tuesday, explained for the first time why they (in conjunction with NCC) intervened in Etisalat Nigeria, now 9Mobile. According to him “It’s important that we don’t just allow any creditor to hurt any other stakeholder. ”That was why the NCC, supported by the CBN decided...