Japual breaks shareholders heart with another massive loss

For shareholders of Japual, the full year result released today is another reminder of how heart wrenching investing can be when it goes bad. The...

[Analysis] CBN post 84% drop in profits for FY 2014

The Central Bank of Nigeria has released its 2014 FY results showing Net Income dropped 84% to N33.6 billion (2013: N213.5 billion). Summary Profits dropped 84%...

Buhari: Ready To Tackle Our Problems

The inauguration of President Muhammadu Buhari and his vice, Prof. Yemi Osinbajo held at Eagle Square in the nation’s capital Abuja, was a high...

Official: Full Transcript of President Muhammadu Buhari’s inauguration Speech

Inaugural speech by His Excellency, President Muhammadu Buhari following his swearing-in as President of the Federal Republic of Nigeria on 29th May, 2015 I am...

Official: President Muhammadu Buhari

President Muhammadu Buhari has been sworn in as President of the Federal Republic of Nigeria. More to follow....  

First Bank announces its CEO Bisi Onasanya will be retiring

First Bank Nigeria Plc has announced that its board of directors has approved the retirement of its Managing Director Bisi Onasanya effective December 31st,...

How to teach 3-5 year olds about money

Having a child is perhaps one of the greatest gifts God has given to mankind and is a natural example of how limitless love...

This PWC 2015 outlook for Nigerian economy is grim

Global audit and advisory firm, PWC has released its economic forecast for Nigeria for 2015 and 2016. The firm based its final assessments on...
pension

Research shows PFA’s have posted negative returns in 5 years

Nigerian Pension funds are said to have returned a negative -3.12% since 2007 according to a research report hosted on the well respected www.iiste.org website. The...

How oil marketers have taken Nigeria Hostage

Nigeria is heading towards a total lockdown in general and essential services, not minding the fact that this week is significantly historical in the...

Breakdown of severance payment to Lawmakers who lost reelection bids

In Nigeria, losing an election has its own financial benefit. You are assured of getting severance from the government and people who you have...

Why these two stocks gained 29% last week alone

The Nigerian All Share Index closed the week lower losing 0.49% to close at 34,272.09. The market capitalisation also closed lower losing 0.45% to...

[DEAL] Frigoglass agrees deal to sell its stake in Beta Glass

Greek refrigerator maker Frigoglass and majority shareholder of Beta Glass Nigeria Ltd has agreed to sell its stake in Beta Glass Nigeria as well...

Analyst uses Michael Jackson’s moonwalk dance to describe latest CRR

The CBN on Tuesday announced it was harmonising the public and private sector CRR to 31%. Analysts have since then been trying to analyse...

Analysis: Is Buhari to blame for Nigeria’s economic woes?

President-elect, General Muhammadu Buhari has barely a week left to be declared the 4th democratically elected president of Nigeria since 1999. However, he is...

Did Lagos State just sell its shares in Lasaco?

Lasaco Assurance Plc is one of those few stocks at the bourse that is reckoned with more pain than gain. A lot of bull...

Why removal of fuel subsidy may be a “fraught process”

Nigeria is currently facing one of the most grueling fuel crisis in recent times and things are not looking to get any better. This has...

[CRR] Nigerian banks rush to sell off bond stock piles

The effects of the harmonisation of public sector CRR is beginning to take its toll as banks have begun sell of their bond assets...

Is this why Public and Private Sector CRR was changed to 31%?

The hours leading to the reading of the 244th meeting of the Monetary Policy Committee (MPC) was filled with low expectations across the investor community, as...

B-R-E-A-K-I-N-G: CBN reduces public sector CRR to 31%

The CBN governor has just announced that the monetary policy committee as announced it is reducing Public Sector CRR from 75% to 31%. It consequently,...

Why Nigerian FMCG companies are falling off a cliff

FMCG profits have declined sharply as the firms reel from the impact of macro-headwinds and plunge in purchasing power. Nigerian FMCG firms are having a...

Will Champion Breweries hit N14 again?

Champions Breweries has made a fortune for some investors in the past one year having risen from N2.7 in July 2014 to about N15 by...
Skye Bank

B-O-O-M: Skye Bank tops gainers chart…[See details]

The previous week's bullish momentum was sustained, as NSEASI rose by 0.99% to start the week on a positive note. 39 stocks appreciated in...

Analysis: Are Nigerians unemployed or underemployed?

The discussion about unemployment in political debates around the world has finally landed in Nigeria. A lot of this was seen in the run-up...

Is C&I Leasing a bull trap?

C&I Leasing Plc has been flying lately and has continued to catch the eye of a number of retail investors. The share price has...

[HARD TIMES] Nigeria’s distributable revenue falls to 5 year low

The accountant general of Nigeria Jonah Otunla has announced that the money available for the three tiers  of government to share is at its...

SEPLAT issues STRONG press release in response to Pioneer Status inquiry

SEPLAT has issued the strongest press release yet affirming its position that the pioneer status it obtained in 2013 was rightly done and followed...

[GRIM] Inflation rate spikes, GDP growth rate drops…GEJ will handover a failing economy

Things have gotten worse for the legacy of outgoing Nigerian President, Goodluck Jonathan, as the National Bureau of Statistics just reeled out its inflation...
Skye Bank

Is this how Skye Bank acquired Mainstreet Bank?

An article that appeared in Proshare on Monday suggests that the acquisition of Mainstreet Bank by Skye Bank may not have been as transparent...

Analysis: Are Nigerians spending less on Beer?

The Nigerian beer market is showing signs of a slow-down, according to recent results from the country’s major brewers. Anecdotal evidence suggests that the...

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Murtala Muhammed International Airport

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.
MTN Nigeria has signed a N200 billion loan deal that effectively shuts out any imminent public offer

Billionaires club: The current owners of MTN who need to sell for you to...

If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image...
Central Bank of Nigeria

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.