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    First Ideas Limited
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    We are Experienced Experts
    Financial Advisory Services
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    Investment Research
    that are tailored to meet your individual needs

Investment Advisory Services

Our Investment advisory services provides persionalized investment allocation & guidance for investors

Financial Advisory Services

We assist companies with the reviewing their financial structure with a view to provide assist ..

Share Transmission Services

This Service is provided to Estates of high net worth individuals with quoted securities portfoilo....

Investment Research

We also conduct in house Corporate Finance, Fund Management and Credit Training for Financial Instit

Banking Sector

Solvency and Liquidity Ratios

Net interest margin is an important indicator in evaluating banks because it reveals a bank’s net profit on interest-earning assets, such as loans or investment securities.


Banking Ratio
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Capital Market Report

Market Statistics

View up-to-date Market statistics, highlight, indices and trading activities.


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We focus on advice consulting business financials

Market Commentary

Economic Highlights

8th July 2021

Submission of 2022-24 Medium Term Operational Framework (MTEF and Fiscal Strategy Paper (FSP) to the National Assembly by the Federal Executive.

12th July 2021

Exposure draft of proposed amendments to the rules of Nigerian Securities and Exchange Commission requiring disclosure by public companies and capital market operators of SEC penalties and sanctions in their audited financial statements.

15th July 2021

Release of lower June 2021 Nigeria Headline Inflation of 17.75% by Nigeria Bureau of Statistics. This was against May 2021 Headline Inflation of 17.93%.

15th July 2021

Approval of KPMG as transaction advisers for Central Bank of Nigeria promoted N15 trillion Infrastructure Corporation (Infracorp) scheduled to take off in the third quarter of 2021.

16th July 2021

Restriction of foreign exchange for sugar imports to three integrated sugar companes (Bua Sugar Refinery Limited, Dangote Sugar Refinery Plc and Golden Sugar Company).

Key Economic Statistics

Nigeria Headline Inflation for June 2021 (17.71%)

Nigeria Real GDP Growth for Q1 2021 (0.51%)

Federal Government of Nigeria Interest/Revenue percentage in 2020 (65%)

Nigeria External Reserves as at 30/6/21 (USD33.92 bill.)

Nigeria External Borrowings as at 31/3/21 (USD32.86 bill.)

Nigeria Underemployment Rate for Q4 2020 (23% )

Nigeria Unemployment Rate for Q4 2020 (33%)

Nigeria Gross Export Revenues for 2020 (USD35.5 bill. )

Nigeria’s Growth in Export Revenues in 2020(-45%)

Nigeria Banking average Lending Non-Performing Ratio (5.89%)

Nigeria Stock Exchange All Share Index growth in H1 2021 (-5.9% )

First Ideas Index (FIL) growth in H1 2021 (+4.0%)

Special Report

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Weekly review and outlook

Summary and Outlook Earlier last week, the National Bureau of Statistics (NBS) issued the Foreign Trade Report for Q2-2021.

2021-09-131
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Headlines news for the day

Equities market closed today on a flat note, as NSEASI closed at 39,251.29 basis points as against -0.02% depreciation recorded previously.

2021-09-071
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Market outlook

Expectations from the Markets This Week - Summary and Outlook The week opened on a bright note with news of accretion in the foreign reserves, helped by a rally in oil prices as well as

2021-09-041
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Expectations from the Markets This Week

Expectations from the Markets This Week - 300821 Global Economy • New economic data from Australia released earlier on in the week, showed that activity slowed in August.

2021-08-301
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Headlines news for the day

-Equities market closed today on a positive note, as NSEASI appreciated by +0.02% to close at 39,485.65......

2021-08-271
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Headlines news for the day.

Investors Gain N13.54bn as NSEASI Inches Up by 0.07% Amid Negative Market Breadth Equities market closed today on a positive note, as NSEASI appreciated by +0.07% to close at 39,460.68 basis points as against -0.12% depreciation recorded previously

2021-08-241
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headlines news for the day

Investors Lose N25.21bn as NSEASI Dips by -0.12% to Open the Week Negative Equities market closed today on a negative note, as NSEASI depreciated by -0.12% to close at 39,434.69 basis points as against -0.47% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.08%.

2021-08-231
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Headlines news for the day

Equities lose N3bn as investors take profit on recent gains Nigeria’s equities market dipped slightly by 0.01

2021-08-181
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headlines news for the day.

Investors Lose N8.83bn as NSEASI Dips by -0.04% to Open The Week Negative Equities market closed today on a negative note, as NSEASI depreciated by -0.04% to close at 39,505.40 basis points as against +0.08% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -1.90%.

2021-08-161
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Weekly market reviews and outlook

Market Review and Round-Up of Corporate News Announced During the Week Ending -130821 Key Highlights The equities market recorded mixed performance - the listed equities market, NGXASI, recorded a +1.83% gain WoW while the NASD OTC also closed negative with a -0.99% loss.

2021-08-131
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headlines news for the day

Investors Gain N317.48bn as NSEASI Inches Up by 1.58%, Erases Previous Day Loss Equities market closed today on a positive note, as NSEASI appreciated by +1.58% to close at 39,176.62 basis points as against -0.63% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.72%.

2021-08-101
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Headlines news for the day.

Nigeria’s telcos record biggest investment decline in 8 years The Nigeria’s telecoms industry in the second quarter of 2021 attracted foreign investments worth about $340,000, the lowest since data agency, the National Bureau of Statistics (NBS), started collating figures in 2013.

2021-08-091
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headlines news for the day.

Eurobond, IMF give CBN firepower to defend naira There is hope for a stable naira going forward as the expected foreign exchange inflows worth about $6.3 billion will likely give Nigeria’s central bank the firepower to defend the local currency.

2021-08-061
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weekly review and outlook

Weekly Review and Outlook Summary and Outlook Growth data for Q2 is expected later in the month, and while FTY2021 forecasts range between 2.5% (IMF), 3%(FG), and 3.15%(CBN), the major determinants of where the needle rests at the end of the day would be issues pertaining largely to the global economy such as the covid 19 pandemic and crude oil prices.

2021-08-061
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market review and round-up corporate news.

Key Highlights • The equities market recorded positive performance - the listed equities market, NGXASI, recorded a +0.68% gain WoW while the NASD OTC also closed positive with a +0.04% gain. • The BDC and NAFEX rates depreciated while the IEFX rate appreciated. • The Brent Crude Oil price moved downwards at the end of the week while the WTI also moved downwards.

2021-08-061
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headlines news for the day.

Investors Lose N65.82bn as NSEASI Dips by -0.32%, Halts Positive Sentiment Equities market closed today on a negative note, as NSEASI depreciated by -0.32% to close at 38,801.51 basis points as against +0.03% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -3.65%.

2021-08-051
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weekly briefing and outlook

What To Expect From The Markets This Week - 020821 Nigeria Economy • The Federal Government disclosed earlier in the week that the revised National Integrated Investment Masterplan (2020-2043)- a 23-year framework is meant to guide interventions, investments, and budgetary allocation to critical infrastructures such as roads, railway networks, and the maritime sector. The earlier NIIM prepared in 2012 was a 30-year plan which required N31 trillion ($100 b annually) for 30 years to close the infrastructure gap. However, owing to the economic disruptions caused by the 2016 recession as well as the COVID-19 pandemic, the revised plan will now require $2.3tn, translating to about $150b annually to be funded by the private sector (56 %), and the Federal and State Governments (44 %).

2021-08-021
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Headlines news for the day.

Illegal multiple checkpoints continue to sabotage electronic call-up system Despite the implementation of electronic call-up system, security officials known as ‘enforcement team’ employed by the government to monitor truck movement in and out of Apapa and Tin-Can Island ports, have been found compounding the traffic gridlock by creating multiple checkpoints to extort money from truckers

2021-08-031
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Headlines news for the day.

Cadbury Nigeria Plc Reports N516m Loss in Q2 2021 Results;(Share Price:N9.00K) Cadbury Nigeria Plc released its Q2 2021 Unaudited results for the period ended June 30th, 2021. Key Highlights • Revenue grew by 16% to N18.5bn from N15.9bn in the previous quarter. • Loss before tax stood at N516m. • Loss after tax stood at N516m. • Net Assets declined by -2.8% from N13.6bn to N13.2bn. • Share Price Currently Stands at N9:00k

2021-08-021
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Headlines news for the day.

Cadbury Nigeria Plc Reports N516m Loss in Q2 2021 Results;(Share Price:N9.00K) Cadbury Nigeria Plc released its Q2 2021 Unaudited results for the period ended June 30th, 2021. Key Highlights • Revenue grew by 16% to N18.5bn from N15.9bn in the previous quarter. • Loss before tax stood at N516m. • Loss after tax stood at N516m. • Net Assets declined by -2.8% from N13.6bn to N13.2bn. • Share Price Currently Stands at N9:00k

2021-08-021
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headlines news for the day.

Food gulps 101% of average wages in Nigeria Food now consumes about 101 percent of the average wages of Nigerians, a report by the Institute of Development Studies has shown. According to the report, Nigeria now ranks second globally where citizens spend almost all their income on food, ranking

2021-07-301
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Headlines News for the day.

Ranching: FG’s double-dealing unacceptable We are worried by the Federal Government’s recent release of funds to Katsina state government for cattle ranching in the state. Ranching is a private business and if anybody (a state government inclusive) wants to run a ranch, let the person acquire (lease or buy).

2021-07-291
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Headlines for the day.

Shareholders mount pressure on Big Oil firms to cut upstream emission There is a growing pressure from shareholders in some of the world’s biggest oil producing companies to reduce emissions from operations, reflecting the waning patience of investors pushing for much faster action to tackle climate emergency.

2021-07-281
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Headlines for the day.

CBN again holds benchmark interest rate at 11.5% amid declining inflation. The Central Bank of Nigeria (CBN) on Tuesday retained its benchmark interest rate at 11.5 percent amid improvement in inflation. This comes not as a surprise as analysts in the financial services sector had expected a hold following weak growth amid declining inflation

2021-07-271
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Headlines News for the day.

Governance, liquidity, regulation prompt companies’ exit from Nigerian Exchange No fewer than 20 companies hitherto listed on the Nigerian Exchange Limited (NGX) have chosen to opt-out of the stock market. Companies voluntarily or involuntarily choose to change their public status –that is delisting from an Exchange. So, why would firms want to give up the status of being a public company? Among other factors, percentage of firms choose to voluntarily delist when the benefits of being a public company no longer exist or are overshadowed by the cost of being public.

2021-07-261
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Headlines News for the Day.

Governance, liquidity, regulation prompt companies’ exit from Nigerian Exchange No fewer than 20 companies hitherto listed on the Nigerian Exchange Limited (NGX) have chosen to opt-out of the stock market. Companies voluntarily or involuntarily choose to change their public status –that is delisting from an Exchange. So, why would firms want to give up the status of being a public company? Among other factors, percentage of firms choose to voluntarily delist when the benefits of being a public company no longer exist or are overshadowed by the cost of being public.

2021-07-261
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Headlines news for the day.

Equities end holiday-shortened week with N375bn gain The Nigerian equities market ended the week’s trading session in the green, gaining about N375billion. Investors traded for only three days in the review week to Friday, July 23. The market had closed for two days (Tuesday and Wednesday) as Muslim faithful and Nigerians marked this year’s Eid-el-Kabir celebration.

2021-07-231
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headlines news for the day.

Equities end holiday-shortened week with N375bn gain The Nigerian equities market ended the week’s trading session in the green, gaining about N375billion. Investors traded for only three days in the review week to Friday, July 23. The market had closed for two days (Tuesday and Wednesday) as Muslim faithful and Nigerians marked this year’s Eid-el-Kabir celebration.

2021-07-231
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headlines news for the day

Equities end holiday-shortened week with N375bn gain The Nigerian equities market ended the week’s trading session in the green, gaining about N375billion. Investors traded for only three days in the review week to Friday, July 23. The market had closed for two days (Tuesday and Wednesday) as Muslim faithful and Nigerians marked this year’s Eid-el-Kabir celebration.

2021-07-231
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Headlines news for the day

Nigeria’s high inflation threatens to worsen already low savings rate Nigeria’s high inflation problem has a corrosive impact on savings and is complicating the government’s efforts to give fragile economy a much-needed boost. Inflation rate has declined for three consecutive months, but Nigerians are unable to heave a sigh of...

2021-07-221
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Headlines News for the day

Equities market opens holiday-shortened week with N2bn gain. Nigeria’s equities market opened this holiday-shortened week with a slight gain of about N2billion. Stocks like Eterna Plc, University Press Plc, Cutix Plc, Regency Alliance and Learn Africa contributed to the record close in the green zone on Monday July 19.

2021-07-191
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Headlines News for the day

June inflation surprises, slows further to 17.75% The Consumer Price Index, (CPI) which measures inflation (rate of change in the increase in prices) slowed to 17.75 percent (year-on-year) in June 2021.

2021-07-161
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Headlines For The Day

50 years after, OPEC gains still evade Nigeria A country celebrating 50 years of its Organization of Petroleum Exporting Countries (OPEC) membership, Nigeria is a clear example that a natural resource such as oil is not necessarily a blessing

2021-07-171