NON OIL EXPORT – SEE THE TOP THREE NIGERIAN COMPANIES

There are has been so much clamor for Nigeria to increase its non-oil exports over the years. Dependance on oil has been a major...

Nigeria’s 2011 Core Inflation Rate

  Year All Items less Farm Produce 2011 (Year on year change %) Jan 12.12 Feb 10.57 Mar 12.81 Apr 12.88 May 13.01 Jun 11.52 Jul 11.47 Aug 10.86 Sep 11.57 Oct 11.54 Nov 11.46 Dec 10.82

CBN WEBSITE WEARS AN ALL BLACK BACKGROUND

As you may well know the Central Bank of Nigeria lost about 8 of its staff in the Dana plane crash. The bank has...

How At $104B, Facebook Is Worth 2.26 Times The Value Of All Quoted Stocks...

  At the close of trade today, the Nigerian Stock Exchange All Share Index had a market capitalization of N7,137,597,021,094.14 or $46,049,013,039.32 ($46b). That basically is the...

NIGERIAN ECONOMY TO GROW 6.5% IN 2012, INFLATION TO RISE 13.57%

According to the recently released Review of the Nigerian Economy in 2011 and Economic Outlook 2012-2015 by the National Bureau of Statistics, Nigeria is...

My take on Tiger Brand acquiring Dangote Flour Mills

Just learnt Tiger Brand, a South African Based company is in discussion with Dangote Group to acquire its much maligned food business, Dangote Flour....

Nigerian Breweries Plc vs Guinness Plc, Guess Who did better?

If there is ever anything in Nigeria as close as the Coca Cola Pepsi Co rivalry in Nigeria then it has got to be...

Nigeria’s External Reserves in 2011

Nigeria's External Reserves in 2011     Month External Reserves in 2011 (US$' Million) Jan 33131.83 Feb 33246.07 Mar 33221.8 Apr 32835.33 May 32100.81 Jun 31890.91 Jul 32521.71 Aug 32914.97 Sep 31740.23 Oct 32594.69 Nov 32125.22 Dec 32639.78

Nigeria’s Foreign Trade Statistics 2001

  Month 2001 Imports (c.i.f) (N' Million) 2001 Exports and Re-Export (f.o.b) (N' Million) Balance of Trade (N' Million) Jan        66,897.68    210,379.51       143,481.83 Feb        59,037.51    166,399.62       107,362.11 Mar        68,867.95    186,697.45       117,829.50 Apr       ...

Nigeria’s Foreign Trade Statistics 2000

Nigeria's Foreign Trade Statistics 2000     Year (2000) Imports (c.i.f) Exports and Re-Export (f.o.b) Balance of Trade Jan   32,366.88      217,100.10   184,733.22 Feb   47,070.12      258,010.82   210,940.70 Mar   36,063.73      288,283.31   252,219.58 Apr   47,759.26      218,701.69   170,942.43 May  ...

Nigerians drink 593,000 bottles of champagnes a year

Its no news that Nigerians like partying, celebrating and just basically having fun. Just go out on any Saturday and there is a birthday party, naming...

Its a party, Interest Rate is going up.

We are certainly in interesting times. Interest rates for treasury bills, one of the safest instruments issued by the government, is at a near...

CBN retains MPR at 12%

Contrary to expectations of an increase in the monetary policy rate of the Central Bank, the Monetary Policy Committee agreed to hold the rate...

With Access Bank sacking 1,500 Intercontinental Bank Staffs, what exactly have we gained from...

News came in on Friday that Access Bank sacked 1,500 staffs of Intercontinental Bank. Actually, insider reports claim that the number is much more...

HiTV on the verge of Bankruptcy?

Going by a 'Legal Notice" by GTB on Page 35 of the Guardian of 23rd November 2011, the stage is set for the gradual...

Insurance Company may not pay you claims if your brother bashes your car while...

I read an interesting article on page 35, businessday of 2/11/11 on why it is important to read the fine prints on your policy...

Nigerian Businesses face huge exposure to exchange rate risk as the CBN plan to...

The Central Bank Governor on Monday announced that the CBN it was looking to devalue the rate of the Naira against the dollar to between N155/N156...

Sanusi fires first shot as MPR is Hiked. Interest Rates to rise by 2.75%

As predicted yesterday the Monetary Policy Committee jacked up MPR by an astonishing 275 basis point (2.75%) to 12%. They also increased the bank...

Danger Monday! Is the economy finally tanking?

Monday mornings signifies an end to a jolly weekend and are also usually known for their painful reminder of a busy week ahead. Today...

Airtel didn’t sack but outsources almost every thing!!!!!!!!!!

In a press statement released by Airtel today (see todays Guardian Page 20) they stated categorically that "AIRTEL DOES NOT EMPLOY CASUAL STAFF AND...

Meet The Women Running The Nigerian Economy

Someone once suggested it was time we get a female CBN Governor "after all women are running the Nigerian Economy"!!!! But are women running...

Airtel Denies Sacking Staffs

Reports earlier this week that staff of Airtel who protested after getting their salaries slashed by 30% have been denied by the company. Rumours...

Are Inverters really worth it?

This is one questions that has been on mind since I got an inverter. It's hard to imagine life without one now, however I...

A simple argument for borrowing over using your own money

This one some argument someone put up recently on the reason why he'd rather use a bank loan than his cash to finance a...

New GTB MD, is he the wrong choice or are people just being myopic?

As news broke of the illness of erstwhile GTB MD, the Great Tayo Adenirokun earlier this year, rumors began to spread about who will...

Is the Value of the Naira really N170 to $1?

A recent publication of the Lagos Business School on the state of the economy in the first 100days of GEJ (LBS Report) suggest the...

CBN Apology to Chief Anennih

Just reading an advertorial on page 70 of today's Guardian. It's a full page apology to Chief Anennih by the CBN for wrongly including...

Roaming into debt!! Why you should think well before roaming your phone!

I have decided to blog about roaming charges after a friend of mine recently threatened to dump one of the major GSM companies after...

As the economy tanks, Sanusi feels no pressure

Economics indices last week points to a gloomy half year for the Nigerian Economy. The stock market continues on a seemingly irreversible downward spiral...

Deposit Rate vs Lending Rate – Who is playing catch up?

Page 41 pf today's Businessday features a CBN advertorial on deposit and lending rate.Going through the data, I realise that despite the new monetary...
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