Meaning Of Franked Investment Income

  SEC "Investment income on which tax has already been paid (usually deducted at source) and thus exempted from additional tax by the investor. Income...

Is It Time To Dump Or Buy The Pounds Sterling??

On a recent impromptu trip to the US, I borrowed about about £680 from a friend promising to repay on my return. I had...

Samsung Buys Stake In Sharp

The Financial Times reports Samsung is buying a 3% stake in Sharp for a sum of about $107million (Y10billion). Sharp supplies Samsung with panels...
Union Bank

UDO UDOMA IS NEW CHAIRMAN OF UNION BANK.

  One of Nigeria's oldest bank has announced Senator Udo Udoma as their new Chairman. Union Bank announced the appointment today on their website following...

Do You Own Transcorp Shares? Then Get Ready For A Rights Issue

  The Transnational Corporation of Nigeria, Transcorp, announced today that it plans to increase its authorized share capital from N18billion to N22.5billion. It also plans...

Hyundai Stops The Production Of Veracruz

For lovers of Hyundai, the Korean Car company has decided to stop the production of the Hyundai Veracruz line. They sight the boom in...

CBN SAYS “WE DO NOT HAVE THE CAPACITY TO BAN — USE OF DOLLAR...

  In response to the House of Reps resolution that the CBN should ban the use of dollars for transactions in Nigeria, the CBN has...

Airtel Yet To Break Even After 12 Years?

Bharti Airtel, the operators of Airtel in Nigeria and much of Africa expects to break-even this year according to their estimates. The company has...

Jos Breweries Gets N700M Bailout From State Government

Leadership Newspapers reports the Plateau State Government has repaid about N700million debt owed by Jos Breweries. The Debt which was renegotiated from about N1.3billion...

NIGERIAN TREASURY BILLS YIELD NOW AT 16 MONTH LOW

The CBN announced that its one year Treasury Bill Yield fell to its lowest in about 16 months as off shore demand swarmed bids.?The...

NIGERIANS NOW TRANSFER N40B DAILY VIA NEFT AND NIP

"The Nigerian Inter Bank Settlement System (NIBSS) under its NIBSS Instant Payment (NIP) and Nigerian Electronic Fund Transfer (NEFT) claims transactions have increased significantly...

OFFICIAL – ERNEST NDUKWE JOINS ACCESS BANK BOARD

According to Thisday, Ernest Ndukwe has just joined the board od Access Bank Plc as a Non-Executive Director. Ernest Ndukwe if you recall was...

PPMC Makes Loss Of N687.1Billion In 2012

According to Newspaper reports, the Petroleum and Product Marketing Company (PPMC) made a loss of N687billion in the financial year ended December 2012. They...

AMCON REPORTS N2.37 TRILLION LOSS

The Chief Executive Officer of the Asset Management Company of Nigeria (AMCON), Mustapha Chike-Obi AMCON bought bad loans worth N4 trillion “with the acquisition costs...

South African Company Buys N63Billion Stake In Mtn Nigeria

  Reports indicate Shanduka Group, a South African Company, invest R2.96million or N63billion in MTN Nigeria. MTN Nigeria like we all know is a subsidiary...

NIGERIAN APPOINTED TO THE BOARD OF GOLDMAN SACHS

  According to Forbes, a Nigerian, Mr Adebayo Ogunlesi has been appointed to the board of Goldman Sachs an independent director. Mr Ogunlesi is a...

NIGERIA’S MAJOR ECONOMIC NEWS WEEKLY ROUNDUP – (17-22 SEP 2012)

WEEKLY ECONOMIC ROUNDUP   NSE 30 INDEX NEWS The NSE 30 closed at 1,214.05 points a 1.71% rise from 11,93.68 posted at the beginning of the week. Sector...

SPENDING SPREE? N10TR IS THE AMOUNT SPENT BY G.E.J AS AT JUNE 30, 2012

If you are like me thirsty for economic data, then the Central Bank's second quarter economic report is one with enough to quench your...

STARCOMMS APPOINTS NIGERIAN AS CHIEF EXECUTIVE

Starcomms Plc has annouced the appointment of Olusola Oladokun as Interim Chief Executive taking over from Logan Pather. Pather had been in the position...

IS THE NEW N5K NOTE A PRELUDE TO $1=N200? FOR NOW ITS A RUMOR...

On a faithful day on the 3rd of December 2008 Nigerians woke up to a 6.58% depreciation of the Naira sending the value of...

Guess How Much Multichoice Made Last Financial Year?

Multichoice, the owners of Dstv, Supersports and majority shareholders of Multichoice Nigeria are a dominant force in the operation of pay-television and internet subscriber platforms...

THE NEW N5,000 NOTE, A “CURE” FOR A DYING NAIRA…?

Yesterday, the CBN announced yet another plan to coin lower denominations, introduce higher denominations and enhance the quality and appearance of some notes. This has...

No Time To Waste: Shoprite To Spend N32B In Nigeria

Success they say has many relatives, admires and indeed followers. Like its South African Counterpart, MTN, Shoprite , the leading retail outlet in Nigeria...

BREAKDOWN OF NIGERIAN PUBLIC DEBT AS A PERCENTAGE OF GDP

Its no news that Nigeria's public debt has been on the rise over the last few years. However, the CBN confirmed total debt profile...

POWER GENERATION IN 2011 WAS THE BEST WE HAVE SEEN IN RECENT TIMES??

Well if this following chart is anything to go by then 2011 may well have been the best. In fact the best of both...

ATM Transactions Cross The N1Tr Mark As Mobile Money Market Hits N20B In 2011

Nigerian ATM transactions by value hit N1.5tr for 2011, a 63.3% rise from the N954b obtained in 2010. The N1.56tr value in ATM transactions...

How To Check If Your Vehicle Insurance Is Authentic

Finally, right here in Nigeria, we can now check the authenticity of your Vehicle Insurance Policy. Thanks to the efforts of the Nigerian Insurance...

SEE WHERE NIGERIA STANDS ON PRIVATE EQUITY INVESTMENT IN AFRICA

Private Equity (P.E) firms are important to the economic growth of any country. More importantly for businesses who are looking for non-debt funding and...

IS THE ATM PIN NO REVERSAL POST A HOAX?? YES IT IS

In this era of viral messages, I was drawn to a Facebook post today suggesting that a reversal of your pin in an ATM...

How Crude Oil Price Affects Stock Market Prices

Ever wondered how the rise and fall in crude oil price affects the price of stocks on the Nigerian Stock Exchange? Well this graph...
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