NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank in its 2018 financial statements disclosed a staff defrauded the bank of N230 million.
Measuring Investments

Why you should measure the performance of your investments

Investment performance is best understood after understanding what an investment is. Simply put, investment is the initial forfeiture of something of value, now, in exchange for the anticipated benefit of getting back more than what was forfeited.
U.S-China Trade War

Critical times for Nigeria’s oil money as US-China trade war escalates

Global trade is currently at a standstill, as the Chinese president Xi Jinping and his U.S counterpart President Donald Trump prepare to meet at the G-20 summit in Japan this week.
Emefiele - 5 year plan

Emefiele unveils 5-year plan, targets double digit growth

@centbank Governor, Godwin Emefiele has finally unveiled the 5-year policy (2019-2024) direction for the apex bank.
Estate Planning

INSIGHT: Understanding estate planning, asset protection, and asset transfer

Estate Planning is all about planning for risks such as ill health, inability to earn income, untimely death, etc. It is also about the transfer of property
Stock to watch this week

Oando leads this week’s watchlist as lawsuit against SEC resumes

@oando_plc leads the stocks to watch this week as a court case filed against the @secnigeria resumes hearing.
President Buhari , National Economic Council, Money Metro Podcast, Oando, MTN, SEC

MoneyMetro Podcast: @Ugodre @walesmit discuss Forte Oil, Airtel Listing, Facebook Libra, Garba Shehu, Economist,...

On this episode of the #MoneyMetroPodcast, @Ugodre and the guys looked out the newly inaugurated National Economic Council amongst other issues.
Corporate Actions

CORPORATE ACTIONS: Baba Ijebu Moves and Billions in a pocket

While Femi Otedola's exit from @forteoilng was major news last week, @oando_plc vs @secnigeria court case resumes next week
LafargeHolcim - lafarge

The deal that helped Lafarge stock gain 18% in less than a week.

Why Lafarge gained 18.4% during the week.
MMM Cooperation

Nigerians are falling yet again for MMM as it makes a come back

Mavrodi Mundial Moneybox (MMM), the Russian-founded Ponzi scheme which wrecked the lives of so many Nigerians in 2017 is back in business.
Air Peace apologise, Air Peace plane incident in Port Harcourt International Airport, Boeing 737 Max crash, Air Peace crash, Ethiopian Airlines crash, Lion Air crash, Allen Onyema, Chairman and CEO Air Peace

SHOCKING: Air Peace jet skids off runway and ends up in the bush

There was a mild drama earlier this afternoon at the Port Harcourt International Airport when an Air Peace flight from Abuja skidded off the runway and ended up in the bush.
Ellah Lakes CEO Chuka Mordi and Jamie Rixton, Ellah Lakes Chuka Mordi interview, New facts behind the acquisition of Telluria Limited by Ellah Lakes emerge

EXCLUSIVE: Ellah Lakes’ Chuka Mordi addresses acquisition, growth plans, and other issues

The Chief Executive Officer of Ellah Lakes, Chuka Mordi and Jamie Rixton, the company’s Chief Agronomist visited Nairametrics’ Head Office located in Opebi, Lagos, to discuss the details of the acquisition of Telluria Limited by Ellah Lakes, and Mordi’s aggressive growth target, as well as the impact of the company’s oil palm field on host communities.
Gainers and Losers, Nigerian Stock exchange

Chams Plc leads the losers in this week’s trading

@chams_plc led the losers on the @nsecontact this week, declining by 13.89%
President Buhari Inaugurates National Economic Council, National Economic Council

NEC Inauguration: Buhari tells Governors “no more bail-outs”

President Muhammadu Buhari has inaugurated the National Economic Council (NEC) which will help to steer/oversee the country's economic ambitions for the next four years.
Nigeria's economy - growth

Fitch claims until 2028 before Nigeria exits damage caused by Buharinomics

It has been revealed that Nigeria's economy will struggle to return to the robust levels of economic growth witnessed prior to the 2014 collapse in global oil prices. A recent report released by FitchSolutions on Nigeria's country Risk for the third quarter of 2019 has revealed.
Buy/Sell/Hold, Guaranty Trust Bank, Nigeria Stock Excahnge

Presco Plc has a HOLD recommendation for next week

International Breweries Plc, Presco Plc, and Dangote Sugar Refinery all have a HOLD recommendation for next week.
CBN Gov Godiwn Emefiele, subsidy removal

Two members of CBN’s highest decision making body ask for interest rates cut and...

Two members of the CBN "MPC" requested for the benchmark Central Bank Monetary Policy Rate "MPR" of 13.5% to be cut to 13.25%.
Five factors stopping you from starting a business

Five factors stopping you from starting your new business and the way out

I know how difficult it can be to resolve to start a business. And when you have little or no education/experience on how to run a business, it becomes even more challenging.
Forte Oil Plc, Femi Otedola

What next for Forte Oil Plc following Prudent Energy’s takeover?

Femi Otedola's exit from the @forteoilng means Prudent Energy the new key shareholder will have to make several key decisions.
NNPC appoints new GMD, Mele Kyari

President Buhari appoints Mele Kyari as new NNPC GMD

President Muhammadu Buhari has just appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) @NNPCgroup
Geregu power plc

Otedola completes sale of Forte Oil, pivots fully to power generation

The share price of Forte Oil Plc opened at N32.30 per share at the Nigerian Stock Exchange yesterday up from its last week opening price of N25.75, signalling a 24.44% rise in value barely one week after the Exchange endorsed the transfer of the 75% majority equity stake in the company from its Chairman, Femi Otedola, to Prudent Energy and Services Limited in a share purchase deal.
Ellah Lakes CEO Chuka Mordi and Jamie Rixton, Ellah Lakes Chuka Mordi interview, New facts behind the acquisition of Telluria Limited by Ellah Lakes emerge

New facts behind the acquisition of Telluria Limited by Ellah Lakes emerge

On Friday, Ellah Lakes Plc announced the acquisition of Telluria Limited, a development that brought a major change in the Management of the former.
Loom Money Nigeria - financial inclusion

SEC’s Mary Uduk explains how fintech will facilitate Nigeria’s financial inclusion bid

The Securities and Exchange Commission (SEC), is committed to using fintech to grow financial inclusion. This is according to SEC's Acting DG, Mary Uduk.

Tribunal rules your voluntary pension contribution is tax deductible but…

Reports from KPMG indicates the Tax Appeal Tribunal has ruled that the Voluntary Pension Contribution “VPC” is tax deductible. This means those who contribute...
How to respond to negative reviews about your business

How to effectively respond to negative reviews about your business

Before we dive right into how to respond to negative reviews about your business, it is important to note that what you say and how you say it matters a lot.
Facebook unveils Libra, a new global digital currency

Facebook unveils Libra, a new global digital currency

The world's most dominant social networking company, Facebook, has announced that come 2020, it will be unveiling its own cryptocurrency known as Libra.
Airtel Nigeria

Airtel eyes a £3.6 billion IPO valuation on the LSE and NSE

Airtel Africa Limited has declared its intentions to float his shares simultaneously on the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE)
Should Gokada and Max.ng be afraid of ORide?

Should Gokada and Max.ng be afraid of ORide?

ORide is fast penetrating the market by leveraging on the N100 bonus offer to any destination of any distance within Lagos. This move has attracted the competitors’ customers, at least if not for anything, till the promo offer ends. 
Money market fund investments

INSIGHT: Why you really should consider investing in mutual fund today

A Mutual Fund is a Trust or Company that pools money from many investors and invests in a specified class of securities such as stocks, bonds, real estate or a balanced mix of asset classes.
Nigeria's healthcare sector

How Government’s under-investment is limiting growth in health sector

Despite the plethora of opportunities for health care providers and drug makers, underinvestment by the government in Nigeria's health care sector has made it difficult to attract investments.

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Central Bank of Nigeria

CBN is set to recapitalise Nigerian banks again

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks.
Julian Osula, Julian's Luxury

Meet Julian Osula, the billionaire who disrupted traffic with a helicopter

Finally, the identity of the billionaire that disrupted traffic along Lagos-Benin Expressway has been revealed.
NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank in its 2018 financial statements disclosed a staff defrauded the bank of N230 million.