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The writing was on the wall long before the largest US insurer, UnitedHealth, decided to pull the plug on Obamacare in mid April.  Then, just a week later, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable. “I think a lot of insurance […]

By EconMatters We look at this one time momentum stock from a mini case study perspective regarding some of the issues this company faces in trying to recover from the food safety issues of recent memory, and move forward as a growth stock for the next decade. [embedded content] © EconMatters All Rights Reserved | […]

Standard Chartered Bank Limited, a Nigerian subsidiary of Standard Chartered Plc, has fallen off the cliff as full year profit  dipped significantly on the back of rising impairment loss on risk assets.    For the year ended December 2015, Standard Chartered net income fell by 46.60 percent to N13.43 billion as against N25.15 billion the […]Read More

NEM Insurance Nigeria Plc recently released its 2015 Q1 results showing pre-tax profits of N2.7 billion up 68 percent from the N1.6 billion reported a year earlier. For most investors of NEM this was a blow out results. But for more discerning investors who are by now accustomed to NEM’s knack for reporting good interim […]

President Buhari delivered his first ever May Day speech as Nigeria’s democratically elected president and the first for the ruling party the All Progressive Congress. In speech that only mentioned anything close to the economy just 5 times (see keyword density below), the President did not fail to take a brazen swipe at the opposition […]

Over the past 8years, I have preached the message of multiple streams of income within my circle of influence. Like many financial advisers, I agree that earning multiple streams of income is the only mean for people in paid employment to achieve financial freedom. People in paid employment earn salary income which represents their first […]

There is no silver lining for insurance companies in Africa’s largest economy as National Insurance  Commission (NAICOM)’s No Premium No Cover Policy is undermining premium income in a tough and unpredictable macroeconomic environment.    The audited financial statement of 10 insurance companies that have released full year results showed cumulative net premium income fell by 4.67 […]Read More

Money market funds in Nigeria suffered an estimated N4bn of net outflows in the week that ended on April 15th as confidence in their safe-haven status weakened following the current low interest rate regime of the Central Bank. The outflows signify a new and potentially dangerous phase for the N177bn money market fund industry as […]

The Board of Directors of Fidelity Bank Plc has announced the appointed Mohammed Balarabe, as the Acting Managing Director/Chief Executive of the bank with immediate effect subject to regulatory approval. Until his appointment, he was the Executive Director, North, of the bank. According to an official statement from the bank released on Monday, the appointment, […]

Eko Electricity Distribution Company (EKEDC) on Monday announced that, there will be power rationing in Lekki, Ikoyi, Victoria Island and some parts of Ajah. This will commence from May 3. In a statement by the General Manager, Corporate Communications Unit of EKEDC, Godwin Idemudia, this is to enable the Transmission Company of Nigeria (TCN) to […]

Names of companies and individuals who bought over the electricity distribution rights from the defunct PHCN in 2013. 1.ABUJA ELECTRICITY DISTRIBUTION COMPANY PLC. Bought by KANN CONSORTIUM UTILITY COMPANY LTD. MAJOR PLAYERS: * Alhaji Shehu Malami * Mr. Neil Crouch 2. EKO ELECTRICITY DISTRIBUTION COMPANY PLC. Bought by WEST POWER & GAS LTD. MAJOR PLAYERS: […]

Members of the Islamic Movement of Nigeria, popularly known as Shiites, have vowed to match to Abuja to demand for the unconditional release of their leader, Sheikh Ibrahim El-Zzzaky, from the custody of security agents. The protesting Shi’ites said they were determined to take their protest to the highest echelon of power since their persistent […]