Independence Day: Online transactions hit 2.8 million

Banks’ online transactions rise by N12.8 trillion  

The value of online transaction made in Nigeria has increased from N36.49 trillion between January and June 2018 to N49.35 trillion in 2019.
Nigeria’s public finance is so bad it had to resort to VAT increase – Feyi Faweyinmi 

APC is “locked inside Buhari’s intellectual prison” – Feyi Faweyinmi

On Friday, October 11, Nairametrics had an interesting tweet chat with Feyi Faweyinmi, a young Nigerian accountant and finance professional.
Nigeria received $96 billion diaspora remittances inflow in 6-years

Nigeria received $96 billion diaspora remittances inflow in 6-years

Nigeria received $96 billion diaspora remittances inflow in 6-years
How So Fresh founder dumped oil money to sell fruits and salads 

Border closure affecting revenue and Nigeria is not food sufficient  –  So Fresh co-founder, Olagoke Balogun 

The border closure by President Muhammadu Buhari is gradually affecting small and medium businesses in Nigeria.
Alleged 500bn Fraud: The CBN and others should be investigated for posterity's sake

IMF blames risky CBN lending to FG on “over optimistic revenue projections”

Just as most analysts opine, the IMF Team believes the uncertainty in Buhari's economic policies has exacerbated economic hardship for Nigerians while keeping foreign investors away from investing in the real sector.
Nigeria @59: Rise, fall & rise of Nigerian stock market , Top 10 Stockbroking firms traded N280.6 billion shares in Q3 2019 , Exclusive: NSE suspends Aso Savings, Omatek, NGC, others over account filling deficiency, NSE organises 3-days programme as it seeks to lure lower-class, youths to capital market

Why big brands go from boom to bust

The fortunes of some Nigerian conglomerates’ listed on the Nigerian Stock Exchange (NSE) have really dropped from boom to bust.
Xenophobia, FG returns tollgates sixteen years after Obasanjo scrapped it from federal roads

President Buhari presents 2020 federal budget to national assembly 

Nigeria’s President, Muhammadu Buhari, has presented the 2020 appropriation bill before a joint session of the national assembly.
Xenophobia, MTN Nigeria’s shares drop on NSE following attack on its centres in Nigeria

MTN loses 667,245 internet subscribers, as Airtel records highest growth

The latest data released by the Nigerian Communications Commission (NCC) shows that Nigeria’s telecommunication company, MTN, lost a record of 667,245 internet subscribers in just one month.
Africa Development Bank. AfDB develops Index to aid women empowerment 

AfDB develops Index to aid women empowerment 

AfDB has developed the Women’s Financing Index to track African countries that give women priority in loan disbursement.
Cashless Policy, This is when CBN will cut Monetary Policy Rate – Emefiele, Nigeria’s External Reserves depleted by $2.9 billion, hit 10 months low , CBN to fight piracy in Creative Industry 

CBN grants approval for banks to debit accounts of loan defaulters 

The CBN has finally granted DMBs the approval to directly debit bank accounts belonging to loan defaulters across all banks in the country.
David Malpass, World Bank

World Bank 2020 stats: Developing nations’ debt hit $7.8 trillion

World Bank International Debt Statistics for 2020 have revealed that total external debt of low- and middle-income countries has grown to $7.8tn in 2018.
Contract staffing in Nigeria Banks, Nigerian Banks

Contract Staff across Nigerian Banks hit 46,263 in half year 2019 

Contract staff across Nigerian banks hit a record 46,263 in June 2019. This is revealed in the latest banking sector report released by the National Bureau of Statistics (NBS).  
Professor-Charles-Soludo

Nigerian economy and its many problems – Charles Soludo

Former CBN Governor, Professor Charles Chukwuma Soludo, has disclosed that the major challenge facing Nigeria is that it’s economy has a lot of problems.
Behold! Some NSE’s oldest firms

Some NSE’s oldest firms

In the spirit of the celebration, it is good to take a lot at some of the firms which have been in existence since the country’s independence.
The sad reasons many previously-listed companies are no more 

The sad reasons many previously-listed companies are no more 

Today, most of the products we used to love while growing up and the companies that manufactured them are no more.
Contract staffing in Nigeria Banks, Nigerian Banks

Non-Performing loans hit 4-year low as Banks recover N496 billion

Non-Performing Loans in Nigerian banks dropped to a record N1.44 trillion in the second quarter of 2019.
CBN renew focus to grow the non-oil sector

Nigeria’s growing current account deficit fans devaluation flames 

Nigeria's alarming current account deficit is a possible bellwether for a devaluation if it persists.
FEC approves N314 billion for new projects 

FEC approves N314 billion for new projects 

N311.8 billion has been approved by the Federal Executive Council (FEC) for the construction and rehabilitation of two link roads.
Cashless Policy, This is when CBN will cut Monetary Policy Rate – Emefiele, Nigeria’s External Reserves depleted by $2.9 billion, hit 10 months low , CBN to fight piracy in Creative Industry 

This is when CBN will cut Monetary Policy Rate – Emefiele 

CBN Governor, Godwin Emefiele, has disclosed that the apex bank would move to further cut the MPR if inflation drops to a single digit.  
Nigeria’s agricultural export

Nigeria’s top 10 agricultural exports hit N152 billion in half-year 2019

Nigeria’s top 10 agricultural exports hit N152 billion in half-year 2019
CBN, Key lending rate, CBN to boost creative industry with N22 billion , CBN increases LDR to 65%, sets December deadline, External reserves drop by $3.2 billion in Q3’19 , Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion 

Nigeria’s manufacturing sector contracts, as key components shrink 

The CBN Purchasing Managers’ Index shows that Nigeria’s manufacturing sector slowed down in the month of September 2019. 
CBN advise government to adopt "Big Bang approach" to fixing economy

CBN advises government to adopt “Big Bang approach” to fixing economy

CBN says VAT IS "too little" and called for "BIG BANG" approach
Used Cars and Motorcycle importation

Nigeria’s auto-policy in tatters as Cars and Motorbike importation hit N1 trillion

Recent data obtained from the NBS show that between the first quarter of 2018 and the second quarter of 2019, Nigeria had spent the total sum of N1.03 trillion to import used vehicles and Motorcycles in less than 2 years
Buhari inaugurates new NEC, Monthly allocation, FAAC disbursed the sum, FG to review revenue sharing formula, Nigerian Oil Producing States

Nigerian Oil producing States shared N302 billion in 7-months

Data obtained from the National Bureau of Statistics has shown that the Oil Producing States in Nigeria shared N302.8 billion from the federal government through the 13% derivation principle.
Baker Magunda, Guinness Nigeria Plc, Baileys, Why Guinness is a stock to pick - RenCap 

Why Guinness is a stock to pick – RenCap 

 Rencap indicates Guinness Nigeria Plc remains a major top pick in the brewery segment of the Nigerian Stock Exchange.
Zainab Ahmed, N24.9 trillion debt, FG to borrow N1.7 trillion to finance 2020 budget – Finance Minister , VAT Increment: Afrinvest exposes sharing formula of N479.7b expected revenue , Nigeria’s VAT Increase: Penny-Wise, Pound Foolish, Nigeria spends N1.11 trillion to service debt in half year 2019 , Nigeria needs $100 billion annually to fix infrastructural deficit – Finance Minister , Oil: Nigeria makes N5.4 trillion in 1 year 

Nigeria spends N1.11 trillion to service debt in half year 2019 

Nigeria spent a whooping N1.11 trillion to cover debt service obligations in the first six months of the year 2019.
Nigeria's inflation rate, Nigeria's Inflation rate drops

Nigeria’s Inflation rate drops to 11.02% in August 2019 despite border closures

Nigeria’s  inflation rate has dropped again to 11.02% in August 2019. This was revealed in the latest inflation report released by the NBS. According to the NBS report, inflation dropped lower than the 11.08% recorded in July
How Federal Government plans to increase VAT to 7.2% affects you

Buhari constitutes new Economic Advisory Council, as Soludo, Rewane, make list

Pesident Buhari has constituted an Economic Advisory Council. The advisory council will replace the current Economic Management Team and will be reporting directly to the President.
Nigeria's crude oil

U.S returns to Nigerian Oil, imports N349 billion crude oil in three months

U.S returns to Nigerian Oil, imports N349 billion crude oil in three months
How your stocks performed last week

How your stocks performed last week

How your stocks performed last week