Advice For Nigerian Founders Looking To Raise Funding For Their StartUps.

Following the apparent or perceived success of the likes of Jumia, Konga, Iroko, Paga etc in raising seed funding from Venture Capitalist, Private Equity...
How to avoid taxes in Nigeria - Tax remittances

How Cost Of Sale Can Increase or Reduce Your Vat Remittances

I have issued a tutorial on this blog on how to calculate vat in Nigeria. Whilst that was the principle behind the calculation of...

Sip Lounge Lagos: Sip While Standing

  It was one of those festive nights in Lagos where you expect every nook and cranny in town to be buzzing. The Island was...

Earnings Review: Transcorp Plc Q1 2013

  Transcorp Plc Released its first quarter 2013 results posting a revenue of N475million. The results did not include a corresponding 2012 Q1 results making...

I love to look at Revenue Reserves and This is Why

  Revenue reserves otherwise known as your distributable profits are the profits your business has made over the years which it has yet to distribute...

Why Public Offers Suck!!

If you haven't noticed the Nigerian Stock market hit 5 year high this week notching up to 40,000 in its All Share Index. This...

When Will Nigerian Businesses Start To Offer Coupons?

    Coupons are very common abroad and in countries where trading is formalised and structured. For example, shopping malls, free trade zones, large supermarkets etc...
Revenues

Why Revenues Are Sometimes More Important Than Profits

  There are times in business when it is actually more important to look at revenues and not profit. Whilst profitability is important in determining...

Buy, Sell Or Hold: Diamond Bank Plc

  Two months ago I reviewed Diamond Bank Plc 2013 Q1 results and suggested I'd decline to buy if a buy opportunity was presented to...

Decline of Europe and Rise of Emerging markets – (Is Nigeria ready?)

Key point is the European powers are no longer growing and the next ten years is prime for the Emerging Markets (which Nigeria is a...

Official: The World Has Its First Commercial Flying Car (See Video). Now Taking Reservations

We've all seen them in sic-fi movies and comic books, but now this is real and practical. The manufacturers are Terrafugia The anticipated base purchase price...

Nigerian online retail giants get attention on financial times front page

The Financial Times today featured an article on the growth of online retail business in Nigeria. They particularly referenced sites like Jumia and Konga...

Ugometrics blog get official twitter handle @ugometricsblog

Ugometrics blog has for the last 18months been providing readers with quality personal finance tips, business news, investment tips and analysis of quoted companies...

How To Ask Your Boss For A Salary Increase

I culled this very interesting list of tips from a foreign personal finance blog, Moneycrashers and I think its worth a try if you...

Guinness Post Lower Than Expected 9months Pre-Tax Profits For 2013

Guinness Nigeria Plc has released its 9months unaudited report with revenues rising marginally by just 2% to N88billion. Gross profit remained nearly flat at...

Nse All Share Indices Returns Beats Bonds And Other Fixed Income Investments

  I get the fact that a lot of people still don't feel comfortable investing in stocks after getting their fingers burnt in the last...

Is This The Highest Ever Profit Declared By A Plc?? Dangote Cement Post N151.9Billion...

  Dangote Cement released its 2012 Audited Accounts with revenues rising 23.6% to N298.4billion. The company also raised its operational profit by 24.4% to N146.5billion...

UPDC AND UAC RELEASE EARNINGS FORECAST FOR Q2

  Related companies UAC and UPDC simultaneously released its earnings projections for the second quarter of 2013. UAC projects N37.4billion in Revenue and N2.7billion in...

Review: Updc Reits Offer – To Buy Or Not

  Offer Value - N30billion Offer Price - N10 per unit Opening Date - February 19 Closing Date - March 28 Fund Promoter - UPDC Fund Manager- FSDH Asset Management...

Nigeria: Meaning Of A Commercial Paper, Bankers Acceptance

  The Central Bank defines a Commercial Paper (CP) as an unconditional promise by a person to pay to the order of another person a...

MONEY, EVERYWHERE YOU GO==>> MTN POST N2.7TRILLION REVENUE, N774BILLION FROM NIGERIA ALONE

  MTN released its full year to December 2012 Financial Statement posting a revenue of R135.1billion (N2.7tr) up from R121.8billion posted a year earlier. As...

ETIHAD TO FLY DAILY FROM LAGOS

United Arab Emirates Based Airline, Etihad will begin operation of Daily Flights from Lagos to Abu Dhabi on the 31st of March 2013. The...
Oando Plc Has Paid N16.39Billion In Dividends In The Last Five Years

OANDO FORECASTS 50% DIVIDEND PAYOUT

The Managing Director of Oando has assured investors that the company forecast a dividend payout of 50% of Profits following their just concluded rights...

INFLATION DROPS DRASTICALLY TO 9% IN JANUARY 2013 (12% IN DECEMBER 2012)

  Nigeria recorded a drastic reduction in inflation rate for January as the Consumer Price Index increased 9% in January year on year. This compared...

LIKELY COMPOSITION OF NSE INDEXES IN 2013

The Nigerian Stock Exchange is set to officially change the composition of its indexes on January 2nd 2013. According to the exchange the NSE...

TO MY BANK, HERE IS WHAT I WANT FOR THE NEW YEAR

I have a bank account that is very close to my heart. Service is great, accessibility almost ubiquitous, I get my statement on time...

Baggage Of Problems You Must Be Aware Of If You Want To Start Your...

Everybody one day wants to own a business of some sort and become your own boss. It is human nature and your ability to...

HOW NIGERIA SPENT THE N5.57TR IT EARNED IN THE FIRST HALF OF 2012

    The recently released CBN half year economic report revealed Nigeria earned a gross income of N5.57trillion Nigeria for the first half of the year....

Financial Tips For Catering For Dependent Parents

  My dad recently decided it was time for him to retire to the village after living with the hustle and bustle...

Should Your Spouse Should Know What You Earn?

   Mr Jike recently got a promotion in his work place, a reward that comes with a status car, housing allowance and off course a...

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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.
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.
Pepsi acquires Pioneer Foods Group, Pepsi acquires Nigerian bread company Butterfield, Pioneer Foods Group shares on JSE, Nairametrics news, Business news, Naija news

Pepsi acquires Pioneer Foods Group Ltd

@pepsi has acquired Pioneer Foods Group Limited, the company that owns Nigerian bread brand, @ButterfieldBake. The deal is the first major international purchase under @pepsi's new Chief Executive Officer, Ramon Laguarta.