Licensed Micro-finance Banks

Stamp Duty Controversy: CBN recovers over N35bn as probe begins

The @cenbank revealed it has recovered over N35 billion from Commercial Banks, being part of the reported N20 trillion unremitted stand duty. CBN's Mallam Abubakar Kure disclosed this on Wednesday in Abuja
Nigeria’s Pension Fund Asset Value

Pension contributors hit 8.5m, but statistics still show worrying signs

The summary of Pension Fund Assets shows that Pension contributors hit 8.56m in February 2019. When compared to the 8.4m plus contributors that had been maintained since December, there's an increase.
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.
Why you should Naira Cost Average your Investments

Why you should Naira Cost Average your Investments

Naira Cost Averaging (NCA) is an investment technique of buying fixed amounts of a particular asset on a regular schedule, regardless of price.
Total loans in Nigeria's banking sector hits N15.35 trillion

Alleged 500bn Fraud: The CBN and others should be investigated for posterity’s sake

While this is still an allegation, the FG should not push this over, because a corrupt Central Bank of Nigeria is capable of grounding the economy to a halt
CBN, Key lending rate, CBN to boost creative industry with N22 billion , CBN increases LDR to 65%, sets December deadline, External reserves drop by $3.2 billion in Q3’19 , Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion 

CBN dispels alleged N500bn fraud involving Emefiele, clarifies what happened

The CBN has dispelled report that Governor Godwin Emefiele connived with one of his deputies and other top officials to steal billions of naira from the coffers of the apex bank.
What Nigeria may have bargained with Emefiele's reappointment

What Nigeria may have bargained for with Emefiele’s reappointment

Godwin Emefiele's reappointment as CBN Governor has surprised Nigerians, amidst earlier reports that a different candidate might succeed him.
startup funding - venture capital

Why your business is not Venture Capital backable

Once I listen to their pitches, I usually know if they will be able to raise the money from a VC or not.
Loom Money Africa

Before you get ‘Loomified’, beware of the latest ponzi scheme in town

Following the launch of Loom, Nigerians have thrown caution to the wind as they rush to partake, forgetting the recent the drama accompanied the collapse of MMM.
Nigeria's total Population now 201m amidst high unemployment rate

Nigeria’s Population now 201 million amidst high unemployment

Nigeria's population has risen to 201 million in 2019. This was revealed in the latest State of World Population Report released by the United Nations Population Fund (UNFPA).
States' Unemployment Data

South-South states record worst unemployment rate in Nigeria

The National Bureau of Statistics (NBS), on Friday, released the much-anticipated unemployment figures for states in Nigeria. 
Mira Mehta of Tomato Jos speaks to Nairametrics, Tomato crisis in Nigeria, Tomato production in Northern Nigeria, Twitter Tweet Chat

How Jos inspired Finnish entrepreneur, Mira Mehta, to establish famous ‘Tomato Jos’

When Mira Mehta made the decision to relocate to Nigeria in 2014, her father questioned her choice of residence.
Energy Crisis, OPEC, Organisation of the Petroleum Exporting Countries, OPEC Members, Nigerian National Petroleum Corporation, Crude oil production, OPEC alliance under coordinated attack and Nigeria must brace up for it

The U.S-OPEC Tussle: Oil Price could burst and Nigeria must brace up for it

Recent developments in the global oil market have indicated that there may be a repeat of the oil price burst of 2014.
hidden cost of clutter

The hidden cost of clutter in your home and office

It is important to bear in mind that the accumulation of clutter is a 'financial sin'. This is because clutter ties up cash that could be meaningfully invested. Let this article help you understand how to avoid committing this 'sin'.
IMF raises Nigeria’s growth forecast, Globat trade tension, US-China trade war, International Monetary Fund IMF, IMF advises Nigeria to keep inflation down, International Monetary Fund, Godwin Emefiele, Nigeria's External Reserves and Sovereign Wealth Fund: Why IMF can't be ignored

Nigeria’s External Reserves and SWF: Why IMF cannot be ignored

Within the last decade, crises in emerging markets have not only underscored the importance of maintaining adequate external reserves, it has also underscored the need to...
blockchain technology

Blockchain is on its way to making the world a better place

How could blockchain technology work towards the betterment of the world as we know it? Well, let's find out by clicking the link below.
Health and Economic implications of the Tobacco Control Bill, can there be a truce?

The health and economic implications of the Tobacco Control Bill

Nigeria is between Passing the bill for the health of its people or reviewing it for the economic side.

Applications for Canadian Permanent Residency hit 21,200 in just 3 months

Data has shows that the number of invitations issued for Canadian permanent residency hit 22,200 in the first quarter 2019.
Sierra Leone govt purchases Innoson vehicles

Meet Kano cars, Innoson’s local competitor

It just happens that Innoson Vehicle is not the only local vehicle assembling company currently operating in the country.

GSK Consumer Nigeria responds to Nairametrics report

GSK issued a statement to the Nigerian Stock Exchange in response to a story by Nairametrics. Yet, it had refused to respond to an email from Nairametrics seeking clarification prior to the publication of the story.
Nigeria spent N161 billion to import used Vehicles from US in 2018

Nigerians spent N161 billion to import used Vehicles from U.S in 2018

There is the need to revive the automobile industry in Nigeria to encourage local production of vehicles in Nigeria.
Treasury Bills

Yields rise as liquidity thinned in pre-MPC trading

The bond market remained scantily traded, with yields on the benchmark bonds trending higher by c.6bps as demand interests remained relatively weak.
Nigeria mining

Nigeria’s Mining Sector shows growth prospects, despite low credit provision

The Federal Government of Nigeria needs to build and implement a robust regulatory framework for the mining sector.
Nigerian Pension Fund

Nigeria’s abysmal Pension System, where only 12% of workers have pension accounts

Only 8.41 million Nigerians currently contribute to the Contributory Pension Scheme.
Diamond Bank Plc suspended from trading shares on the NSE

Diamond Bank Plc suspended from trading shares on the NSE

Diamond Bank Plc has been fully suspended from trading its shares on the Nigerian Stock Exchange (NSE), with effect from today, March 20th, 2019.
How do workers spend their leave?

How do you spend your leave of absence?

Unlike all the other advantages one is exposed to in a corporate environment, leave of absence do not come often.
Nigeria's Inflation, Headline inflation jumps to 11.61% in October on border closure

Nigeria’s Inflation drops to 11.31% in February 2019

The consumer price index, which measures inflation, dropped to 11.31% in February 2018, according to monthly inflation data from NBS.
Nigeria's GDP

Nigeria could learn from Ray Dalio’s ‘How the Economic Machine Works’

When I read the book “Principles” by Ray Dalio, I immediately made a decision to adopt him as a virtual mentor.
Nigeria's Real Estate Sector recorded positive growth after three year low, Real estate: Declining credit reflects underlying weakness 

Despite setbacks, Nigeria’s real estate investors to expect windfall in 2019

Data shows that out of 15 trillion credit (Bank loan) to the Private Sector in the last quarter of 2018, real estate got ₦622 billion.
Mutual Funds, Mutual Fund gone bad: Nigerian investor discloses his 10 years investment that nosedived , Nigeria’s mutual fund asset value reaches N1 Trillion

EXCLUSIVE: Mutual Funds’ Asset Value Plunges

The Net Asset Value of Nigeria's mutual funds plunged to N660 billion in November, as against October's ending value of N683 billion.