Shrinkflation in the market, Companies engaging in shrinkflation, Cola war in Nigeria, Pepsi Coca-cola Bigi and Big Cola

As economy bites, companies use ‘shrinkflation’ to rip off Nigerians

Several companies have been using shrinkflation to rip off customers for years. In 2015, @Pepsi_Naija and @CocaCola employed it until @getbigi and @BigCola9ja disrupted the market—a move that reversed both household brands into default setting. However, Pepsi and Coca-cola aren't the only FMCG involved in shrinkflation, as this deceptive but legal activity dates back to over a decade in the Nigerian market.
Treasury Bills, CBN

CBN offering N223billion Treasury Bills in market auction

@cenbank will be offering N223.2 billion T-bills in the first August 2019 #PMA.
EFCC mounts up investigations on FIRS staff accounts over N1.2bn fraud

Six bank MDs in EFCC net over alleged N2billion fraud

Operatives of the EFCC from its Ilorin Zonal office have apprehended about 6 bank MDs over an alleged fraud of N2 billion.
Highest Paid CEOs, MTN completes listing with SEC, registers 20.3bn shares

Highest paid CEOs in Nigeria earn N5.4bn as salaries in 2018

CEO's of some of the largest publicly quoted companies on the Nigerian Stock Exchange earned a whopping N5.459 billion in 2018
Stock to watch this week, Airtel Africa

Seplat leads this week’s watchlist on the NSE

@seplatpetroleum leads stocks to watch on the @nsecontact for the trading week ending August 2, 2019.
Canal+ to penetrate African market with ROK acquisition

Everything you need to know about Mary Njoku, founder of the newly acquired ROK

Canal+, a French film/TV studio, and distributor made a move to penetrate the African movie market with its acquisition of ROK, one of the leading film studios and international TV networks in Africa. 
CBN, orders banks to give key fact statement

CBN says milk importation “NOT BANNED”, blows hot on powerful Nigerians

@cenbank has revealed that milk importation is not banned as against widespread reports.
Buy/Sell/Hold, Guaranty Trust Bank, Nigeria Stock Excahnge

Okomu Oil Palm is a SELL

Okomu Oil Palm is a SELL in Nairametrics opinion for the trading week ending August 2, 2019 on the @nsecontact
NSE records 18.18% decline in banks' market capitalisation

NSE to enforce VAT on Stock Market transactions

The Nigerian Stock Exchange (NSE) to start enforcing Value-Added Tax (VAT) on transaction commissions, as 2014 exemption order expires.
Finance Minister, President Muhammadu Buhari, AFCTA

$1 billion military spending shrinks Excess Crude Account to $480 million

$1billion military spending shrinks Excess Crude Account to $480 million
Revenue reserves

I love to look at Revenue Reserves and This is Why

Here is why @ugodre loves to look at the revenue reserves of a company. Find out
Lagos-Ibadan Rail, Ministerial list

Saraki, Keyamo, Amaechi, others make Buhari’s ministerial list

President Muhammadu Buhari's ministerial list is finally out. The Senate President, Ahmed Lawan, read the full list on the Floor of the Senate on...
Godwin Emefiele, CBN Governor,

CBN finally confirms licensing three new banks in Nigeria

The Central Bank of Nigeria (CBN) has finally confirmed the licensing of three new banks. This is revealed in the information obtained from the...
House hold survey

Household Survey: Palm Oil prices jack up as tomatoes and melon ease off

The latest household survey carried out by Nairametrics Research has shown a sudden spike in the prices of locally made palm oil, while the prices of Melon and Tomatoes are easing off.

Ranking: Best Performing PFA’s in Nigeria as at June 2019

Thie list contains the best performing PFA's in Nigeria since the introduction of the multi-fund structure for pension funds.
Stock to watch this week, Airtel Africa

MTN Nigeria makes a return to the watchlist

@mtnng and @oando_plc are one of several firms to watch out for on the @nsenigeria this week

Interswitch reignites plans to launch IPO in 2019

Interswitch is reviving its plans for an initial public offering, IPO, via a dual listing on the Nigerian Stock Exchange and London Stock Exchange...
Corporate Actions

CORPORATE ACTIONS: ‘Deap’ Changes and Sweet Tales

@mtnng and @zenithbank amongst other firms will hold board meetings this week to consider H1 2019 results
HOT MONEY: Foreign Investors ship-out N257 billion from Nigerian stock market

HOT MONEY: Foreign Investors ship-out N257 billion from Nigerian stock market

HOT MONEY: Foreign Investors ship-out N257 billion from Nigerian stock market
NSE, Gainers and Losers, Nigerian Stock exchange

NAHCO and CAP Plc end the week at year lows

McNichols Plc was the worst performing stock on the @nsecontact declining by 18.18% to close at a year low of N0.45.
Abdulwasiu Sowami, Forte Oil, Femi Otedola

Meet Abdulwasiu Sowami, the silent billionaire who acquired Forte Oil

Although, Femi Otedola’s decision to divest his shares in Forte Oil came as a surprise to many Nigerians, it was more surprising that it was acquired by Nigerian company, Prudent Energy & Services Limited, owned by a Nigerian businessman and oil mogul.
Love, Dating, and Marriage are financial events too...

Love, Dating, and Marriage are financial events too…

If Dangote gives you a substantial check (amen!), do not change the wedding venue to the moon. Instead, invest the gift. Marriage is more than the wedding and more about the many years ahead. And it's expensive, literally. 
Sankore Investment, Infrastructure in Nigeria, Ikeja City Mall, Maryland mall, Shoprite supermarket in Nigeria, About Sankore, Nairametrics news

Sankore Investments to fund student housing, agribusiness in Lagos and other areas

@SankoreInvests has increased its business portfolio with the introduction of Real Wealth Fund and Sankore Agricultural Fund. Both funds have been created to financially support the capital needs of growth companies in the real estate business and agric market in Nigeria.
Salary earner

Become a “rich salary” earner today by following these simple steps

There is a general belief that you cannot be rich working for someone else. Here is how to prove that wrong.
Old 50 kobo note

Three quick ways to find out if a stock is overvalued

Three quick ways to find out if a stock is overvalued #Stock
Mutual Funds, debt service

Debt servicing gulps N7.04 trillion under President Buhari’s administration

Nigeria's rising debt profile is fast becoming a worrisome trend. Successive governments have, over the years, spent a large chunk of the country's revenue to service debts.
protect your bank accounts

How to protect your bank account from phishing attempts

We often hear stories of people being defrauded of thousands, or even millions of Naira. As scary as the stories sound, we oftentimes still fail to take certain precautions to ensure we don’t fall victim.
Mr. Biggs restuarants in Nigeria, Mr. Biggs resturant address in Nigeria, Mr. Biggs office, Quick Service Restuarants in Nigeria

33-years after, Mr. Bigg’s is not so big anymore

From the late 1970s to early 2000s, @mrbiggsng was the most sought-after fast food restaurant, but 33 years later, the company is gradually winding up, becoming a fading memory in an era of competition; the fall of this giant will, however, cost Nigerians a lot.
Abbey Mortgage Bank to raise capital, Abbey Mortgage Bank to issue shares

DEAL: VFD Group may take key stake in Abbey Mortgage Bank

@vfdgroup may take a key stake in Abbey Mortgage Bank Plc, through a private placement. Shareholders of the bank gave approval at its AGM held this week.
President Buhari Inaugurates National Economic Council, National Economic Council

This state has the lowest inflation rate in Nigeria and it’s single digit

The National Bureau of Statistics released its June 2019 Consumer Price Index showing inflation rate rose 11.22% year on year, the slowest rise in...


Disney, Apple

Bob Iger resigns as competition stiffens between Apple and Disney

The CEO of Walt Disney Co, Bob Iger has resigned from Apple Inc’s Board of Directors as competition stiffens betwen the companies.
 BPP statements on inflated contracts, misleading - Fashola alleges  , FG to construct, fix 14 roads with N166 billion 

FG to construct, fix 14 roads with N166 billion 

Following the memorandum sent by the Ministry of Works and Housing to the Federal Executive Council, the Federal Government (FG) has approved the sum of N166 billion for the construction and rehabilitation of 14 roads across Nigeria.
Ex Finance Minister Zainab Ahmed, explains why VAT will rise to 7.5% next year

This thread exposed everything that’s wrong with Nigeria’s VAT

There are reasons why it may be wrong to compare VAT in Nigeria with that of other countries. Our VAT is not a proper VAT.