ATTENTION: DV Balanced Fund to become a Money Market Fund
Vetiva Asset Management Company has requuested unitholders of DV Balanced Fund to attend a meeting in Lagos on May 28th by 11:00 am.
Canada invited 3,357 Express Entry Candidates with scores as low as 300
Canadian province, Alberta, has issued a total of 3,357 invitations to apply for a provincial nomination for Canadian Permanent Residency (PR) to Express Entry candidates with Comprehensive Ranking System scores as low as 300.
12 lessons on business strategy from the game of Chess
Are you a chess player? Well, not a lot of people are. Therefore, if your answer is no, you really need to try it. After all, it is called “the game of kings and queens” for a reason.
What You need to know about Stanbic IBTC’s Shari’ah Fixed Income Fund (“SFIF”)
Stanbic IBTC Asset Management Limited is offering 10 million units of the Stanbic IBTC Shari’ah Fixed Income Fund (SFIF) through an Initial Public Offer (“IPO”) at a par value of N100 per unit.
Hypo wipes out rivals in a market determined by price and media campaign
The bleach category in the hygiene and households cleaning products segment has always been a monopolised market in Nigeria, with every new entrant backed by deep-pocketed investors always making the market their fortress.
CBN maintains a Hold, keeps MPR constant at 13.5%
The Monetary Policy Committee (MPC) of @cenbank, maintains a hold in Monetary Policy Rate (MPR) at 13.50%. Also, other parameters are held constant.
Latest GDP growth in Agriculture flatter to deceive Government
According to the Bureau's data, in the first quarter (Q1) 2019, the Agricultural sector grew at 3.17 percent in real term, up from 2.46 percent in the previous quarter.
Nigerian Stock Exchange explains why you can’t buy MTN shares
The Nigerian Stock Exchange has addressed growing frustrations from retail and portfolio investors about their inability to lay their hands on MTN shares.
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...
14 ways to turn your small business into an asset of value
As an entrepreneur, there’s only one goal you should be aiming at – "To turn your business into a wealth-creating asset of value.’’ This perspective is according to renowned Venture Capitalist and Business Growth Accelerator, Pavlo Phitidis.
How to get the Central Bank of Nigeria to credit your account
Doesn’t it feel good to be a lender of money? Yes, it does, especially if you know the borrower is creditworthy and would repay you with interest as at when due. The Central Bank of Nigeria could always borrow money from you and repay you when the time is due.
MTN Nigeria gets a wildcard entry in this week’s watchlist
@MTNNG leads this week's watchlist due to record demand for the stock by investors, following its listing.
CORPORATE ACTIONS: An Exit and a Yhello landing
@MTNNG listing on the @nsecontact premium board was the highlight of activities on the Nigerian bourse last week.
FG concludes plan to demolish Lagos Airport, reconstruct with N14bn
The Federal Government of Nigeria (FG) has revealed that plans have been perfected to demolish the Murtala Muhammed International Airport, Lagos, in order to reconstruct it.
Champion Breweries falls below 10 year low this week
Thomas Wyatt Plc led the gainers this week on the Nigerian Stock Exchange (NSE) appreciating by 24%.
Guinness Nigeria is a SELL
@guinnessngr is a SELL in Nairametrics opinion due to the poor fundamentals of the brewery industry.
CBN blows $36 billion defending the naira in 2018, up 130% from 2017.
The Central Bank of Nigeria sold a whopping $36.6 billion in forex in 2018 according to a report released during the week on its website. This compares to $15.8 billion sold in 2017, a whopping 130% rise.
LIVE UPDATE: Events from MTN Nigeria’s listing on the NSE
@Nairametrics is live at the Nigerian Stock Exchange (@nsenigeria) covering the listing of @MTNNG, which was done by introduction. The listing places MTN Nigeria among the league of Trillion Naira Club.
MTN’s NSE-listing, what you need know, and analysts’ forecasts
The most anticipated and biggest listing on the Nigerian Stock Exchange is happening right now in Lagos, Nigeria. We are talking about none other than the MTN Nigeria listing.
Senate confirms Emefiele’s re-appointment for second term
Breaking: The Nigerian Senate has confirmed the re-appointment of the Central Bank of Nigeria Governor, Gowin Emefiele.
Nigeria’s inflation rose to 11.37% in April, after 3 months decline
The consumer price index, which measures inflation, rose to 11.37% in April 2019, according to the monthly inflation report released by @nigerianstat. The rise in April's inflation rate represents the first time inflation increased in three months.
One bad info from MTN’s incredible result
Telecom Giant, MTN Nigeria, released its 2019 first quarter results ahead of its planned listing on the Nigerian Stock Exchange later this week.
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.
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.
How to bid for the second Treasury Bills auction in May 2019
@centbank is scheduled to hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on 16th May 2019 and this is how you can participate.
Understanding Mutual Fund Fees: Miscellaneous Fees
In my first article on the issue of understanding mutual fund fees, I expounded on what management fee is, how to calculate it and how to reduce the burden by negotiating better rates if you are in a position to do so.
How to calculate interest on a money market fund investment
I recently received an email from one Stephen A (last name withheld), who asked if I can shed more light on how investors can calculate interest on their money market fund investment.
Understanding Investment Bias: What influences investors’ decisions?
The benefit of behavioural finance is that investors are able to recognize these behavioural biases and take corrective actions to avoid financial losses.
CORPORATE ACTIONS: Rocky Results and Markdowns
@lawunionrock was the only firm that released its results on the @nsecontact last week
What Emefiele’s reappointment means for Nigerian economy
What Emefiele’s reappointment means for Nigerian economy
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Canada invited 3,357 Express Entry Candidates with scores as low as 300
Canadian province, Alberta, has issued a total of 3,357 invitations to apply for a provincial nomination for Canadian Permanent Residency (PR) to Express Entry candidates with Comprehensive Ranking System scores as low as 300.
Purported EFCC raid on MTN Nigeria head office might be false
There were wild media reports, late Friday night, purporting that the Economic and Financial Crimes Commission (@officialEFCC) raided the head office of @MTNNG. This might be wrong.
Daily Update: T-Bills Market turns bearish as CBN resumes OMO sales
Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds. This is brought to you by Zedcrest.