Wealth.ng

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...

[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,...