Nigeria debt

Nigeria and the burden of debt

If there is anything that should ignite national discussion in the 2019 budget than others, it is the debt conundrum and future implications.
Prices of Tomatoes yam

Household Survey: Prices of Tomatoes, yam and others drop as palm oil inches up...

The latest household survey shows that the prices of several items dropped in the last two weeks. Major findings from the survey reveal that tomatoes recorded a significant decline in prices
CBN's Standing Deposit Facility

Emefiele vows to defend the foreign reserves over $9 billion court ruling

As concerns grow among foreign investors over the state of Nigerian economy following the recent $9 billion court ruling, the Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele has vowed to defend the foreign reserves. 
Nigeria received $961 million loan

Power Sector: Nigeria received $961 million loan from World Bank and AfDB in 2018

As Nigeria’s debt profile keeps building, it has been revealed that the country obtained the sum of $961 million or N349.8 billion in the form of loans from the World Bank and African Development Bank (AfDB) in 2018 alone. 
Dangote Refinery Atmospheric tower

Nigerian insurers may lose $6.8 billion of Dangote Refinery’s underwriting business

Dangote Refinery, which has insured value estimated at $6.8 billion, is likely to be taken over by foreign insurers when it becomes operational.
Nigeria's rising debt, ER Podcast, Buhari, Apapa gridlock

ER Podcast: The Effect of President Buhari’s FX restriction on food importation

On this episode of the #ERPodcast, @iamnotjustakuki and @Sammyinfinity examine @MBuhari's directive to the @cenbank to restrict forex on food importation and @GokadaNG's decision to temporarily shut down for two weeks to improve the service of the business.
company NSE the value of your assets, investments, invest

You can buy this listed company for less N100 million 

There are also stocks that are at the lowest tier with market capitalizations that fall below what you will expect of a company listed in the upper tier of the Stock Exchange. One company holds the unenviable title of being the least capitalized stock on the Nigerian Stock Exchange.
FIRS, Tax bills

Leaked Memo: Chief of Staff queries Fowler for failing to meet tax budget.

A memo, purportedly written from the office of the Chief of Staff to the President Abba Kyari to the Chairman of the FIRS, Babatunde Fowler circulated around social media on Sunday.
Stock to watch this week, Airtel Africa

Two insurance stocks to keep an eye on this week

@myaccessbank and @zenithbank retain their spots on the @nsenigeria watchlist as the market awaits their H1 2019 results.

B.O.C. Gases Plc leads this week’s gainers as losses mount on the NSE

The Nigerian Stock Exchange (NSE) has continued to perform negatively, as the market maintained its downward slope throughout the week.
NSE Nigerian stocks

Nigerian Stock Market ends the week Negative

The Nigerian Stock Exchange (NSE) ended Friday’s trading session in negative territory. The All-Share Index closed at 26,925.29 basis points, down 0.47%.
Nigeria inflation, Dollar supply, World Bank projection for Nigeria, FGN Bond, Treasury Bills, 2018 in retrospect, Everyday Money Matters, EMM Podcast, Ugodre,

EMM Podcast: Ugodre’s take on how FG’s FX restriction is going to affect local...

On this episode of the #EMMPodcast, @Ugodre discussed how @NGRPresident's FX restriction is going to affect local manufacturers.
inflation rates

Nigeria’s Inflation drops to 11.08% in July 2019, slowest in 3 years 

Nigeria’s consumer price index, which measures inflation, dropped to 11.08% in July 2019. This was revealed in the latest inflation report released by the National Bureau of Statistics (NBS). 
NSE Nigerian stocks

The Nigerian Stock Market closes Thursday’s trading in negative territory

The Nigerian Stock Market ended Thursday's trading session in negative territory. The All-Share Index closed at 27,052.93 basis points, down 0.11%. 
Nigerian Stock Stock

The Nigerian Stock Market closes in negative territory

The Nigerian Stock Exchange (NSE) ended Monday’s trading session in negative territory. The All-Share Index closed at 27,083.11 basis points, down 0.82%.
SMEs credit Adeyipo

Access to credit facility is a global problem for SMEs – CWG CEO

Nigeria is not the only country where Small and Medium Enterprises (SMEs) experience difficulty accessing credit facility. According to the Acting Chief Executive Officer of CWG Plc, Adewale Adeyipo, small businesses in the United States experience the same struggle. 

NAICOM to ban borrowing for recapitalisation as foreigners takeover insurance market

The Director, Policy & Regulation, Directorate of the National Insurance Commission (NAICOM), Pius Agboola, has hinted that Insurance Companies would no longer be allowed to borrow for recapitalization. 
International Breweries

Investors in Budweiser’s International Breweries wail as N163 billion is wiped out of market...

About 20 months ago, January to be precise, if you were to buy an International Brewery Stock, you would have to part with about N64 per share.
Buhari signs Siemen's deal, Nigeria-Siemens electricity deal

Nigeria-Siemens electricity deal to gulp over N1.15 trillion across four states

The electricity deal signed between the federal government of Nigeria and German-based company, Siemen, may cost Nigeria about €3.11 billion or N1.15 trillion across four major states.
CBN, MPC, Credit risk, LDR, Central Bank of Nigeria

How Nigeria will achieve 95% financial inclusion target – Emefiele

The CBN [@cenbank] Governor, Godwin Emefiele has disclosed how Nigeria will achieve 95% financial inclusion by 2024, stating that the Bank had explored new techniques and policies to drive financial inclusion target
PenCom, unremitted pensions, Lagos State Pension Commission, LASPEC, Pension Fund Assets

Pension Fund Assets hits N9.3 trillion as investment in FGN securities drops

The latest report released by the National Pension Commission (PenCom) shows that Nigeria's Pension Fund assets in June 2019 hit N9.32 trillion. There was an increase of N294.9 billion within the space of three months
Rams sell as low as N21,000 in major markets as sellers witness mixed turnouts

Rams sell for as low as N21,000 in major markets as sellers witness mixed turnouts   

Eid-El-Kabir celebration is here and Nigerians are already enjoying the fanfare that comes with the season. Findings from major markets visited by the Research Team show that the prices of rams dropped.
Business half hour BHH Podcast, Weprototype

BHH Podcast: Mayowa Okegbenle on how WePrototype Technologies is bridging the mobile app development...

On this episode of the #BHHPodcast, @bukola23 and @taioyewole had the CEO of @weprototype_app talk about how they are bridging the mobile app development gap.
Oil revenue, Trouble as crude oil price drops

Trouble as crude oil price drops to a 7-month low, hits $57 a barrel

The price of crude oil has posted a 7-month low, declining by 4% to $57 a barrel in two days. This is the first time oil price would post a huge fall since January 2019.
Foreign reserves, Nigeria’s External reserves

Nigeria’s external reserves slip below $45 billion in just two months

Nigeria’s external reserves have continued to drop in recent weeks and officially slipped below $45 billion, the height it climbed just barely two months ago
ABCON shakes the table, Nigeria imported

Nigeria imported 5.6 billion litres of Petrol in Q2 2019, up by 5%

Nigeria imported 5.61 billion litres of premium motor spirit (petrol) in the second quarter of 2019. According to the NBS [@nigerianstat] report, the volume of petrol imported in Q2 2019 is 5% higher than the 4.87 litres in Q1 2019. 

Court freezes Lagos government’s accounts over alleged fraud

Three bank accounts belonging to the Lagos State Government (@followlasg) have been frozen by a Lagos Federal High Court today, placing a restriction on any transaction by the State government. The affected accounts are domiciled in @MyFCMB, @myaccessbank, and @ZenithBank.
President Muhammadu Buhari, loans, Oil price

Critical times loom for Nigeria as oil price dips below $60 budget benchmark

Oil price dropped to below $60 a barrel in the early hours of Tuesday. This is the first time crude oil price would fall below $60 since January 2019.

Diageo to invest $219 million in renewable energy in Nigeria, six others

Diageo, the owner of Guinness Nigeria, has on Monday, announced that it would pump $219 million into sustainability projects (renewable energy and water recycling systems) in 7 of its African breweries.
FAAN Recruitment scandal, Nigerians hit with over 60% delayed and cancelled domestic flights in 2018, Nigerian Airlines

Nigerian airlines record 54% delayed domestic flights in two months

The latest report on domestic and international flight operations released by the Nigerian Civil Aviation Authority shows that 54% of domestic flights were delayed between May and June 2019.


Ray Dalio

A Billionaire recommends 3 Strategies to Create Wealth

Ray Dalio, founder of Bridgewater Associates, has pointed out to young investors three strategies they should adopt inorder to create wealth.
World Bank

Why World Bank blacklisted CCECC, 5 other Chinese firms

The Chinese energy company, CRCC Petroleum and Gas Company Limited and 5 other companies have been blacklisted by the World Bank. 
Ministerial list

President Buhari assigns portfolios to all 43 ministers [Full-List]

President Muhammadu Buhari has finally assigned portfolios to all the forty three (43) ministers.