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Coronavirus sends Nigeria Hotels into Tailspin as Revenues Slump

The Coronavirus has affected every sector across the globe, and the hotel industry is among the hardest hit. The outbreak of the deadly coronavirus that...

MTN Nigeria is Coming for Banks and They Should be Scared

MTN Nigeria the largest telecommunications firm in the country is quietly building up its mobile money and Fintech business and Banks should be worried...

Nigeria Faces Tough Choices Over Move to Transmute SARS to SWAT

The Nigerian Government faces tough choices after disbanding the controversial Special Anti-Robbery Squad (SARS) whose activities triggered ongoing protests and replacing it with a...

Nigerian Banks Embrace Diversified Strategy Pioneered by UBA’s Elumelu

United Bank of Africa’s (UBA) Chairman Tony Elumelu spent the past 16 years crafting together a diversified African Banking empire that is just being...

Nigeria’s N15.4 Trillion Domestic Debt Binge Getting Cheaper to Finance

Nigeria's Federal government is binging on domestic debt which hit a record high as at June 2020, but one positive for policymakers in Abuja...

Access Bank Merger Synergy Dreams Evaporate as Expenses Surge 40% in H1

Costs surged across the board for Access Bank, one of Nigeria’s largest Bank by assets in the Half Year (H1) period to June 2020,...

Outstanding Lawsuits Filed Against GTB Increases to 647 with N436bn in Claims

Guaranty Trust Bank (GTB), in its ordinary course of business, is presently involved in 647 lawsuits filed against it where it a defendant, according...

The N100bn Gap That Shows Foreign Selloff of Nigerian Stocks

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

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

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...

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