CATEGORY
Fixed Income & Bonds
Banks Sit on N654.23bn Income from Treasury Bills as Free Money Ends
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Nigerian banks are sitting on N654.23 billion income from treasury bills as at the third quarter of 2020, which is 6.97 percent lower than...
Nigerian Companies Debt Pile Hits N1.75trn on Oando, Dangote, Others
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Nigerian non-financial corporate debt pile is around N1.75 trillion, and at about 1.02 percent of gross domestic product, it has never been bigger.
The pandemic...
One-Year Treasury Bills now Yield Below 1% in Nigeria’s New Normal
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Welcome to the bizarre world of fixed income investing in Nigeria (Africa’s largest economy) where a Treasury Bill auction held by the Central Bank...
Buhari’s Dismal Economic Record Means 7 Years of Pain for Investors
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Nigeria’s economy will not eclipse the highs it attained in 2015 until the year 2022, a 7 year gap that signals the dismal economic...
Listed Companies’ N99.13bn net loss Flash Economic Warnings
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Twenty-six Nigerian companies fell off the cliff as they collectively posted a net loss of N92.13 billion in the second quarter, which could be...
Guaranty Trust Bank Employees Generate Higher Profit than Peers
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Guaranty Trust Bank Plc, the largest lender by market value in Africa’s largest economy, has deployed its talented workforce in generating higher profit than...
Banks Shed Almost 10,000 Jobs in One Year, Led by Contract Staff
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Nigerian banks effected 9,866 job cuts in the past year as the outlook for the economy weakened and automation gained steam.
Non full time staff...
The N100bn Gap That Shows Foreign Selloff of Nigerian Stocks
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Nigeria’s $34 billion (N13.2 trillion) stock market is on pace to record the lowest foreign inflows since 2009, according to data compiled by MoneyCentral.
Foreign...
Heineken Sees Value in Beaten Down Nigerian Breweries with N245mn Share Purchase
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Heineken Brouwerijen B.V the major foreign shareholder in Nigerian Breweries has purchased N245 million worth of shares in the beaten down brewer in a...
Vanishing Equity Risk Premium Means Nigerian Stocks Will Struggle to Rally
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The equity Risk Premium is the difference between returns on equity/individual stock and the risk-free rate of return. It is negative in Nigeria meaning...