Nigeria’s economic recovery poised to build momentum in Q2

Businessam StaffApril 2, 2018

By Lukman Otunuga Market optimism over the recovery of Africa’s largest economy has increased steadily throughout the first trading quarter of 2018. The combination of appreciating oil prices, foreign exchange stability and easing inflationary pressure has boosted confidence in Nigeria’s economy. With the nation’s GDP hitting 0.82 percent in 2017 and predicted to register a positive […]

What Trump’s tariffs mean for global oil and gas

Businessam StaffMarch 24, 2018

By Nick Cunningham The Trump administration announced a suite of tariffs that could affect $60 billion worth of Chinese products, a move intended to step up pressure on what the administration argues is China’s efforts at intellectual property theft. The Washington Post reported that after President Trump’s aides brought him a package of $30 billion worth […]

Manufacturers’ embrace needs support

Ajose SehindemiMarch 19, 2018

Nigeria hopes that its ambitious Economic Recovery and Growth Plan (ERGP), will help it achieve its economic diversification agenda. It wants to see manufacturers source their raw materials locally, which it sees as a panacea to myriads of issues faced by manufacturers. Manufacturers are being asked to, therefore, embrace backward integration, with hopes that this would […]

The burden of insurance stocks

Kayode OgunwaleMarch 12, 2018

The insurance sub-sector of the Nigerian financial services industry is overwhelmed by many challenges, including narrow product development, a dearth of innovation and a pervading weak corporate governance structure, which have led to low insurance uptake at one percent and poor returns. The above have affected investors’ sentiments about the industry, which has affected value […]

Bonds as instruments to deepen the Nigerian capital market

Kayode OgunwaleMarch 5, 2018

Bond

A nation’s capital market is a crucial aspect of its economy. The reason is not farfetched since the capital market provides a mechanism or an avenue for raising long-term capital for development by both governments and corporate institutions. The common security in this regard is bond. Bonds are debt securities that are issued by companies […]

The brewery industry cash cows at war

Ajose SehindemiFebruary 27, 2018

Ade Olawale, a consultant, and businessman is a loyal customer of the Nigerian Breweries premium brand, Heineken, which has been his companion since his days in the University, almost 15 years ago. He refused to change his brand as Heineken, aside from being a social class drink due to its higher price when compared to […]

The CBN policy on dividend payout by banks: Power to shareholders?

Kayode OgunwaleFebruary 26, 2018

Godwin Emefiele, Governor, CBN

Recently, the Central Bank of Nigeria published a circular, which introduced measures that serve both as a prerequisite and also dictates how residue owners of both deposit money banks and discount houses should be rewarded. KAYODE OGUNWALE looks at the implications for the banks and their shareholders. Prior to the 2008 recession, many banks were […]

MTN’s $500m IPO, finally something for everyone

Phillip IsakpaFebruary 12, 2018

There are many institutional and individual investors out there who have always looked forward to this day. Since South African MTN came to Nigeria in 2001 and began to make a lot of money, they had looked forward to a time when they could have a chance to partake of the fortune of the company […]

Reasons global markets are in ‘free fall’

Businessam StaffFebruary 11, 2018

European stock markets reeling from an overnight sell-off in the US and Asia were heading for the worst drop since the Brexit referendum this morning, jolted by investor fears about interest rates and government bond yields. As the Dow Jones gloom spread, the Stoxx Europe 600 index fell 3% in early trading in London, with […]