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.
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
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
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.
The report explains why a 5-10% devaluation of the naira is plausible amidst the CBN's recent monetary policies.
Nigerian entrepreneurs have been advised to consider viable businesses that will require little to zero capital to start.
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
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
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.
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
GTBank, Citibank, FCMB, Zenith Bank, others have been ranked in the order of customer experience in 2019 by KPMG. #GTBANK,#ZENITH,#FCMB
Real Madrid have lost its position to Spanish League rival, Barcelona, on the list of the highest-earning football clubs in the world.
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.
For auditors in Lagos and across Nigeria, now is probably the most stressful time to have a job.
Time is money and if you run an online business, your website is one of the most important parts of your business.
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 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
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.
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.
The government of Canada invited 85,300 candidates to apply for Canadian Permanent Residency 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).
The Nigerian Stock Exchange (NSE) ended 2019 bearish as All-Share index posted a loss of 14.09%.
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.