Herbert Wigwe sells 28.8 million Access Bank shares
Access Bank's Chief Executive Officer, Herbert Wigwe, has sold 28.86 million shares worth N297.82 million, which represents 2.33% of his stakes in the bank. The transaction, which was done through Trust Capital Limited, was disclosed in a notice filed at the Nigerian Stock Exchange.
Experts outline what SMEs must do to attract fund, investors in 2020
In order to bridge the gap between funding and SMEs, business experts at the Nairametrics 2020 Economic Outlook discussed factors discouraging investors and proffer solutions
World Bank, IMF forecast sluggish growth for Nigeria in 2020
The World Bank has forecasted that Nigeria’s economy will further slowdown in 2020 with a growth of 2.1% amidst several policy uncertainties. On the other hand, the IMF disclosed that Nigeria’s economy will continue its sluggish trend. #IMF #WORLDBANK
Devaluation: Experts highlight trends clouding economy’s growth in 2020
Financial experts and analysts say structural imbalances like revenue shortfall, development in the global oil market and CBN policies among others pose very bleak outlook for the economy.
Analysts explain when, why CBN could devalue naira by 5-10%
The report explains why a 5-10% devaluation of the naira is plausible amidst the CBN's recent monetary policies.
Avoid stocks, experts list business ideas for 2020
Nigerian entrepreneurs have been advised to consider viable businesses that will require little to zero capital to start.
GTBank crashes ‘Quick credit’ to 1.33% monthly
Guaranty Trust Bank, Nigeria's largest bank by market capitalization, has crashed its interest rate for its payday loans from 1.75% to 1.33% per month. The bank reviewed its rate, which is published on its website, as it becomes one of the lowest in the lending space. #GTBANK
How to save millions in 2020
I won’t rest till I save at least N2 million naira this year. Everyone I know personally has big expectations for the year, and I’m sure everyone reading this also does.
Nigerians spend N3.73 billion in Cinemas in 2019
Nigerians across major cities spent N3.60 billion on movies (weekends) at several Cinemas across the country to see movies.
Manchester United: A football club or a business
Manchester United’s standard of elitism as of late dropped so low since the retirement of the long-term manager, Sir. Alex Ferguson in 2013
Inflation rate jumps to 11.98% as border closure drags on
Nigeria’s inflation rate rose year on year to 11.98% in December 2019. According to the NBS, the rise in the food index was caused by increases in prices of Bread and cereals, Oils and fats, Meat, Potatoes, Yam and other tubers, Fish and Vegetables
If you want to be a leader in a competitive market, do these 8...
While testing an unproven market can be expensive and risky on one hand, on the other hand, there are clear signals about where opportunities lie.
MTN wins data war, as 1.88 million subscribers dump Glo, 9mobile
Nigeria’s largest mobile telecommunication company, MTN, is leading the race for greater data market share among Telcos for the second month in a row. Operators in the industry showed no signs of relenting on their efforts to outsmart each other for market share in the industry. #MTN, #AIRTEL,#GLO
Customer Experience: GTB, FCMB, Citibank, others emerge best banks in 2019
GTBank, Citibank, FCMB, Zenith Bank, others have been ranked in the order of customer experience in 2019 by KPMG. #GTBANK,#ZENITH,#FCMB
States receive N2.53 trillion allocation in 2019
State governors in Nigeria shared the sum of N2.53 trillion gross allocation in 2019 (January – November).
Barcelona overtakes Real Madrid on biggest earners’ list
Real Madrid have lost its position to Spanish League rival, Barcelona, on the list of the highest-earning football clubs in the world.
Tomatoes, pepper prices crash across major markets, as local rice continues to ease-off
The prices of several food items once again witnessed a significant drop. According to the latest Household Survey, prices of tomatoes and pepper crashed significantly, while the prices of local rice, yam and other items continue to ease off.
Analysis: BUA Cement’s concrete merger
Last week, Cement joined MTN, Dangote Cement, Nestle and Airtel as stocks with a market capitalization in excess of N1 trillion.
Mental stress, fatigue as young auditors work overtime to prepare financial results
For auditors in Lagos and across Nigeria, now is probably the most stressful time to have a job.
Banks borrow N19.64trillion from CBN in 2019
Commercial banks borrowed N19.64 trillion from the Central Bank of Nigeria in 2019, indicating a 73% increase from the N11.36 trillion borrowed in 2018.
5 Money Mistakes You Might be Making in 2020
There are various money mistakes people make that constitute a major barrier in becoming financially successful before retirement comes knocking.
Here are reasons your business should monitor its website
Time is money and if you run an online business, your website is one of the most important parts of your business.
Nigeria receives $17.5 billion diaspora remittances in 2019
Nigeria received $17.57 billion in direct diaspora remittances in 2019. According to data published by (@cenbank), remittances rose by 56.4% when it increased from $11.23 billion within the same period in 2018 to $17.57 billion in 2019.
Nigeria spends $1.31 billion to service external debt in 2019
Nigeria spent a whopping $1.31 billion to cover external debt obligations in 2019, as external debt service payment accumulated to $3.95 billion in the last 5 years (2015 - 2019). Data obtained from the (@cenbank) reveals
Analysis: FUGAZ are back and investors are lapping it up
It's just one full week of business at the Nigerian Stock Exchange and stocks are already 9.51% up, one of the best performers in the world today.
EMM Podcast: How to set financial, career and personal goals for 2020
On this episode of the EMM Podcast, Ugodre delved into a number of conflicting personal finance questions and issues making round in the economy. The 30-minute stretch is explosive and I enjoin you to hit play.
Canada invites 85,300 candidates for permanent residency in 2019
The government of Canada invited 85,300 candidates to apply for Canadian Permanent Residency in 2019.
Banks’ loan to private sector increases by N3.47 trillion in 2019
As the Central Bank of Nigeria (CBN) continues to compel Banks to boost their credit to the real sector of the economy, analysis of data published by the apex bank revealed that the loans increased by N3.46 trillion in 2019 (between January and November, 2019).
Top 10 stockbroking firms trade N1.35 trillion on stocks in 2019
The Nigerian Stock Exchange (NSE) ended 2019 bearish as All-Share index posted a loss of 14.09%.
Nigeria spends N1.08 trillion to import used cars and motorbikes in one year
Data obtained from the NBS show that Nigeria spent a whooping sum of N1.08 trillion to import used vehicles and motorcycles in one year.