Wealth.ng

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...
Presidential Panel investigate Seplat and NPDC, Seplat short-change FG, Seplat Petroleum Development Company,

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...

Forex dealers are working on a proposal that could usher in another devaluation

Reports suggest foreign exchange dealers in Nigeria are drawing up a proposal that will persuade the CBN to ease some of the restrictions it...

After several boycotts, Buhari, Obasanjo, IBB Attend Jonathan’s Last Council of State Meeting

After boycotting the meeting of the Council of state in the government of President Goodluck Jonathan for several times, the President-elect, General Muhammadu Buhari...
Presidential Panel investigate Seplat and NPDC, Seplat short-change FG, Seplat Petroleum Development Company,

What Seplat could lose if its Pioneer Status is revoked

The coordinating Minister of the Economy Dr Okonjo Iweala last weekend revealed waivers and tax breaks may have caused Nigeria a whopping $20billion in...

NBS set to dump outdated methodology that placed Nigeria’s unemployment rate @23.9%

There are indications that the National bureau of statistics will unveil a revised methodology for computing unemployment statistics in Nigeria this week. This is...

Buy sell or hold: Total Plc after release of 2015 Q1 Results

Total 2015 Q1 Results Surge in PMS volumes offset lower prices… Total Nigeria Plc  “Total”released Q1 15 results wherein revenues were marginally lower (-0.9% YoY) at N60 billion but 8% ahead...

Six unpopular economic policies the APC Transition committee might recommend

Things are very dire in Nigeria, and the current APC government is beginning to realise that. As May 29, gets closer the incoming government...

First Bank explains why it will not raise equity in 2015

FBNH says it has no plans to raise Tier 1 capital (equity) in 2015 following the depressed level of valuations the bank is facing....

Nigeria has already spent half its 2015 budgeted borrowings on overheads

The Nigerian finance Minister Ngozi Okonjo Iweala has said that Nigeria has already used half the borrowing allowance it has budgeted for on over...

[RESULTS] Vitafoam’s profit rises 67%, proposes dividend and bonus shares

Vita foam Nigeria Plc has proposed a dividend of N246 million, translating into 30 kobo per share in addition to a bonus share of one...

[MONEY] Guinness Nigeria launches N10billion commercial paper

Guinness Nigeria Plc, has announced the establishment of  a N10Billion Commercial Paper (“CP”) programme. The programme is for N10billion with the first tranche of...

[$20b SCANDAL] This yam, this goat this country, NNPC vs PWC(Part 1)

“Friends and countrymen; I beseech you by the mercies of God that ye do whatsoever it is within thine powers to prevent a frolic...

[Analysis] Champion Breweries share price spikes on takeover chatter

… More than 600m shares allotted to undisclosed entities in private placement Champion Breweries share price is up 60 percent in 2 months as investors...

[Analysis] AIICO 2014 results; The good, the bad, the doubts

AIICO released its much anticipated 2014 FY results. Here is our initial view of this result. The Good AIICO post a profit after tax of N2.3billion thus...

[BUDGET] Lame duck Senate pass 2015 budget without fuel subsidy

The Nigerian senate passed the nation's 2015 budget on Tuesday assuming a lower oil price benchmark of $53 per barrel, compared with last year's...

[$20b SCANDAL] 10 Key Findings from the NNPC Forensic Audit Report

The Federal Government finally released the Forensic report conducted by PWC over the alleged missing $20billion from the accounts of the NNPC. The audit covered...

Guinness Nigeria: 3 Clues that suggest things are changing positively #analysis

Guinness Nigeria Plc released its 2015 9 Months results last week showing pre-tax profits dropped 8% to N7.1billion only. The company also recorded an earnings per...