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Business and economic news from Nigeria and around the world.

First Bank of Nigeria Limited

Former Zenith Bank Investment Guru, Michael Anyimah, moves to rival First Bank

Michael Anyimah's departure to First Bank of Nigeria Limited could lead to an uptick in trading income for the tier-1 bank.
Domino's Pizza. Pizza companies

Bread or Pizza: Domino’s is slipping and competitors are taking note

Years ago, Dominoes’ Pizza was like the national cake —everyone wanted a piece of it. The American company sat comfortably atop the pizza market in Nigeria, making it a bad business move for any company venturing into it. But now, competitors can breathe easy, as the “Pizza King” is losing its grip gradually.

C & I leasing gains 349% as Nigerian stocks end first quarter of 2019...

Nigerian stocks closed the first quarter of the year posting a combined year to date negative return of 1.24%. Apart from the Premium and...
Access - diamond bank

Access Bank launches new brand following its merger with Diamond Bank

Access Bank launched its new brand on 1st April, 2019 with 400 branches proudly showcasing the new logo.  The brand was first unveiled in...

Innoson claims it has won an N8 billion judgment debt against GT Bank (Explained)

Innoson Vehicles, yesterday claimed it had been awarded an N8 billion judgment against Guaranty Trust Bank.
Proposed NHF Law takes a twist, as top Nigerian experts differ on its impact

NHF Bill: Experts differ on implications for the economy

Nigeria's housing sector has been characterized by a housing deficit estimated at 18 million units.
US-China Trade War: Implication on Nigerian economy as the Asian romance lingers

US-China Trade War: Implications for Nigeria as its Asian romance lingers

Recently, the world has witnessed major events ranging from populism, the Brexit process, and of course the escalating US-China Trade War.
Shoprite, SPAR International, Supermarkets chains, Growth outlook

Superstores in Nigeria: Can SPAR and Shoprite’s business models keep them afloat?

The two superstores worthy of note in Nigeria are Shoprite and SPAR.
technology and software

Are tech talents Africa’s ‘new export’?

Recent trends are indicative of a growing foreign interest in the African software ecosystem.
Top 10 high-yield money market funds that beat inflation in Nigeria

Top 10 high-yield money market funds that beat inflation in Nigeria

Sometimes, the fear of poor stock market performance forces conservative and risk-averse investors to sit on their cash...
Coronation Merchant Bank

Coronation Merchant Bank team give overview of the economy and their operations

Nairametrics had a chat with the management team of Coronation Merchant Bank, consisting of the GMD,Mr Abubakar Jimoh, the Head of Research, Mr Guy Czatoryski, and others.
National Housing Fund

P&ID’s Hedge Fund purchase underscores fiscal and monetary risks to Nigeria

The Nigerian Government could be forced to pay the company, P&ID, US$9.0 billion, or otherwise face freezing of US dollars.
How much Zenith Bank and GTBank made from e-business in 2018

GTBank, Zenith rake in over N30 billion from Electronic Business fees

Two of Nigeria's biggest banks, Zenith Bank and GTBank, reported record-high profits of N193 billion and N184.6 billion in 2018.
Visionscape Municipality Bond Default: An indictment on credit rating agencies?

Visionscape Municipality Bond Default Explained

Last week, reports confirmed that a subsidiary of Visionscape Sanitations Solutions Limited may have defaulted on N4.5bn coupon payment due on March 4th.
African Alliance rebrands with a new strategy that targets the youths

African Alliance rebrands with a new strategy that targets the youths

African Alliance Insurance Plc has unveiled a new corporate identity with a new logo and strategic direction that targets the youths.
Computer Village, Phone Swap

Phone Swap: Phone retailers losing business segment to black market

Before you walk into a phone retail shop for a phone swap, ensure that you are not quick to anger and you are an individual with few words, because the response of the staff in charge will probably push you over the edge.
Naira Exchange rate under Buhari, Implication of APC victory, Buhari Valentine's Day Speech, Nigerian Election, Nigeria Election and GDP, Nigerian GDP

Next Level: Exchange rate under Buhari by 2023

As President Muhammadu Buhari won Nigeria’s recently-concluded presidential election for his second term bid, Nigerians who voted-in the president again ‘surprisingly’ do not have...
Buhari speech

What President Buhari said to Nigerians on the eve of 2019 presidential election

President Muhammadu Buhari has, on the eve of the 2019 presidential election, address the nation. The president urged Nigerians to come out en masse...
I-Invest, Treasury Bills - South Africa Pension scandal: How not to manage a Pension Fund

I-Invest generates over N2 billion transaction in less than 6 months

Sterling Bank and Parthian partners have come up with an app called I-Invest to solve this problem.
about 11 Plc

FOCUS: How this oil company went from popular to ‘unfamiliar’

It is not all the time that companies decide to change their names. And whenever they do, it is usually for important reasons...
INEC postpones 2019 general elections

INEC postpones 2019 general elections

The Independent National Electoral Commission (INEC) has postponed the 2019 general elections. Chairman of the commission Mahmud Yakubu made this known in a press briefing...
PMB vs ATIKU: The Same or Something Different?

PMB vs ATIKU: The Same or Something Different?

The two camps have since released their manifestos.
Nigeria's 2019 presidential election, Atiku vs Buhari, Nigeria's 2019 election

Whoever wins Saturday’s election has their job cut out for them

The most important presidential election in Africa in 2019 is finally about to happen. And as expected, many people are agitated.
e-Commerce in Nigeria, Nigeria Customs

How reforms by the Nigeria Customs are aiding e-commerce

At the just concluded Ease of Doing Business Forum in Lagos, which was attended by the Senior Special Assistant to the President on Industry, Trade, and...
Somto Ifezue, Odunayo Eweniyi and Joshua Chibueze [l-r] PiggybankNG Co-founders_small

Piggybank.ng becomes PiggyVest 

In a press release issued today, online savings and investment platform, Piggybank.ng, announced its evolution from Piggybank.ng to PiggyVest — a much broader and holistic financial management...
MTN Nigeria

Court adjourns MTN’s case yet again

The $2 billion tax case between MTN Nigeria and the Office of Nigeria's Attorney General suffered yet another delay today, following its adjournment.
Meyer plc appoints Devashish Nath

Focus: This old paint company is struggling to remain king

There are about five paint manufacturing companies that are currently listed on the Nigerian Stock Exchange.

Caverton releases statement following VP’s crash landing

Following this afternoon's crashlanding of a helicopter with the Vice President Professor Yemi Osinbajo on board,  Caverton Offshore Support Group (parent company of Caverton...
Dolapo Shawarma King

#Dolapo Shawarma: How to jump on a trend for brand visibility

There has been a trend on popular micro blog, Twitter, about a young man, Dolapo (@DolaposS, owner of Dolapo Shawarma King) who was helped...
Kupanda Holdings, Mavin Records, Don Jazzy, Music Label, Equity

Mavin Records secures multimillion-dollar equity investment

Mavin Records, Africa’s industry-leading music label, announces its multimillion-dollar equity investment partnership with Kupanda Holdings.


hidden cost of clutter

The hidden cost of clutter in your home and office

It is important to bear in mind that the accumulation of clutter is a 'financial sin'. This is because clutter ties up cash that could be meaningfully invested. Let this article help you understand how to avoid committing this 'sin'.
Dangote Flour Mills Plc

UPDATE: Dangote announces impending sale of Dangote Flour Mills Plc to Olam

The Board of Dangote Flour Mills Plc has notified the NSE and the investing public about the acquisition of its shares by Olam International Limited.
Stock to watch this week

Watch two of these FUGAZ banks this week

@firstbankngr and @ubagroup top Nairametrics stocks to watch on the @nsecontact for this week.