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Nigeria Insurers Annuity Boom Fades as Bond Yields Collapse

Nigeria Insurers are cutting down on their annuity business portfolio as a collapse in fixed income yields elevates the risks inherent in the hitherto...

Lafarge a Buy as Profits Jump 158% on Lower Finance Costs, SA Exit

MoneyCentral considers Lafarge Africa a buy at these levels, after reporting a 158 percent increase in after-tax profits in the Half Year period (Jan-Jun)...

Subsidy Removal May Trigger Rally in Total, MRS, Conoil Shares

This could be the time to buy the stocks of downstream oil and gas firms as the adoption of a market –based price regime...

Tony Elumelu, The Enigma

“Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Those words are words...

Savers, Investors are Biggest Losers from CBN Engineered Financial Repression

Nigerian Savers and investors are getting the short end of the stick, while the Federal Government feeds fat off their sweat, through a Central...

Dangote Cement Facing 130 Legal Cases with Combined Monetary Value of N79.1bn

Reports of Dangote Cement trucks allegedly running over and killing people all over the country may be coming back to bite the cement maker...

CBN Net Overdrafts to FG Surges to N2.44 trillion as Revenues Collapse

The Central Bank of Nigeria (CBN) net overdrafts extended to the Federal Government (FG) surged to N2.44 trillion at the end of 2019 as...

MTNN, Glo, Airtel, 9mobile to Undergo Minimum Financial Stress Tests – NCC

The Nigerian Communications Commission (NCC) is set to roll out minimum financial health requirements for all licensed telecommunications operators as part of its move...

Notore, Seplat Lead Opaque N500bn Related Party Transactions on NSE

In July of 2019, shareholders of Lafarge Africa listed on the Nigerian Stock Exchange (NSE), called for an investigation of related-party transactions between Lafarge...

Coronavirus Can’t Stop Zenith, First, Access Bank Directors from Pocketing N14.89bn Dividends

The directors of some of Nigeria’s largest banks including Zenith, First and Access Bank will take home a combined N14.64 billion in final dividends...

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