[ANALYSIS] Nestle’ job cuts signals bigger problems for Nigerian FMCG firms

Nestle’ cutting their workers is signalling bigger problems as lower spending, foreign exchange risk and security challenges continues hold back growth of Fast Moving...

[Dexter on Custom Street] The Bishop of Seville on Wine

“I have enjoyed great health at a great age because every day since I can remember I have consumed a bottle of wine except...

Financial Decisions Every Executive Trainee Should Avoid

There are very few things in life that is as satisfactory as getting a job soon after graduating from University. As such, it isn’t...

[WE QUIT] Bilfinger says it will sell its entire stake in Julius Berger

The largest single shareholder of Julius Berger Plc, Bilfinger has announced it is planning to dispose of its shares in Julius Berger Plc. Bilfinger owns...

[ANALYSIS] Nigerian Tech & E-Commerce valuations soar higher than ever

Technology and E-Commerce firms operating in Nigeria are seeing valuations soar as investors take positions ahead of them becoming profitable. Analysts say investors are betting...

[NASS] It’s N506k not N8.6million!!

Finally, the controversy surrounding the annual wardrobe allowance of a senator may have been settled. The Chairman of the Revenue Mobilisation, Allocation and Fiscal...

[ANALYSIS] Why Dangote Cement should be on your watch list

Market players looking at a trade may well start putting Dangote Cement on their radar. The largest stock in the NSE by market capitalization has...

[PENNY STOCK WARRIOR] Taking a risky bet on WAPIC Insurance

Coming back to my tomatoes analogy, Wapic insurance would be in between the best of the tomatoes and the rotten ones beneath the grass....

Here’s why Nestle is about to sack 15 percent of its workforce

Nestle has announced it is planning to cut down about 15 percent of its workforce in 21 African countries which may include Nigeria. According...

[Analysis] Why is Red Star a ‘hot cake’?

The Board of Red Star Express are set to meet June 25 to approve the company's result and perhaps declare dividends. The press release...

[ANALYSIS] Making sense of Oando’s levered balance sheet

Investors have often pondered why most finance journalist and analysts weren’t able to forewarn the public on the impending financial crisis of 2009 which...

[Dexter on Custom Street] FCMB’s Coffee Cup

After the staggering rally from a 52-week low of NGN 1.93 pre-election to NGN 3.73 post-election, FCMB’s stock price behaviour started a correction that...

[Analysis] Is El Niño a threat to Presco and Okomu Oil?

While there has been legitimately founded fears on the impact of this year’s El Niño, the persistence of lingering economic trends, more than the...

What Nigerian StartUp CEO’s can learn from Twitter CEOs resignation

News broke Thursday that the CEO of Twitter, Dick Costello had resigned. Dick has been on the firing line since Twitter went public back...

[ANALYSIS] Why Buhari has a limited time to borrow cheap

If you are a cash strapped oil producer like Nigeria and struggling with short term liabilities to the tune of $20 billion, one way...

All hail ‘Emperor’ Emefiele as inflation rate jumps to highest in 2 years

The National Bureau of Statistics has reported that inflation rate for the month of May was 9%. This represents a 0.3% rise from April 2014...

[ANALYSIS] BP report reveals 3 bearish trends for Nigeria

BP released the 64th edition of the Statistical Review of World Energy on Wednesday June 10th 2015. The 2015 edition of the report reviewed by...

Nigeria 1- Jágaban 0! Can Buhari talk about the economy now!!

An event reminiscent of a coup occurred at the National Assembly on Tuesday the 9th of June 2015. Former Governor of Kwara State, Senator...

This is how many times G7 mentioned Nigeria in its communique

President Muhammadu Buhari was invited to the just concluded G7 conference in Germany were according to reports he was told to come with his...

Why “On demand economy” is the next big deal for Nigerian Startups

In what seems like forever, economists on opposing sides of the divide have put forward opposing pros and cons in discussing free market economies...

Analysis: International Breweries result don’t justify its lofty valuation

International Breweries Plc released its 2015 FY results showing a profit after tax of N1.9billion. Highlights Revenue up 11.65% to N20.4billion Operating profit down 11% to N4.4billion Pre-tax...

Anti – Corruption Crusade: Buhari Re-opens Haliburton’s File

The United States Government has asked the Buhari Administration to revisit the $182 million Halliburton bribery case and diligently prosecute all those involved in...

SEC approves stocks can now trade at one kobo per share. Here is what...

Do you remember what 1 kobo looked like? The Security and Exchange Company has finally approved for the Nigerian Stock Exchange to move the 50...

Investors just sent Buhari a stern message

The Nigerian All Share Index took a turn for the worse as stocks got pummeled throughout today's session. The index went south straight out of the...

Is Buhari to blame for this bearish stock market?

We are now more than three days into the first official week of the new dispensation and the bears still are in firm control...

[REVEALED] Court order instructing SEC to back off BGL

The Federal High Court has once again issued an order to the Security and Exchange Commission, SEC to vacate the suspension of BGL. According to...

How I made 100% on this penny stock within month

Owning a penny stock sometimes can be quite excruciating and very risky. But as they say, the higher the risk the higher the return....

[Dexter on Custom Street] Adventures of Retail Investor

First, it was the November Massacre of 2014, then we had the pre-Valentine’s Day Sell-off, culminating in the mind-blowing +8.3% one-day gain in the...

How Buhari can save Nigeria’s economy from its ‘deep trouble’

Slowing growth in Africa’s largest economy is the elephant in the room that few people are talking about. As has been noted by analysts, the...

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...

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FBI arrests Invictus Group’s Obinwanne Okeke, Forbes Africa 30 Under 30 list nominee

The Chief Executive Officer of Invictus Group, Obinwanne Okeke, who in 2016 made it into Forbes Africa’s 30 Under 30 List, has been arrested by the Federal Bureau of Investigation (FBI) for conspiracy to commit computer fraud. 
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Bet9ja’s Headquarters raided by court officials

Some court officials stormed the Headquarters of Bet9ja at Surulere, Lagos, on Thursday, over a suit filed by a competitor, Lotto9ja Limited, a subsidiary of Western Lotto Nigeria Limited.