The hottest Finance Substack posts right now

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Welcome to All things Finance

All Things Finance • 0 implied HN points • 30 Nov 22
💰 Finance Stock Market
  1. The newsletter 'All Things Finance' uses pictures to simplify complex financial topics like the stock market.
  2. The author, Priyanka Nath, aims to explain financial concepts in a visually engaging way.
  3. Readers can subscribe to 'All Things Finance' to receive more insights on finance through visuals.

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/14/063

RegAlert • 0 implied HN points • 02 Sep 21
💰 Finance Regulatory Compliance
  1. The Central Bank of Nigeria issued guidelines on regulatory capital for financial institutions in the country, requiring them to meet specified minimum capital requirements.
  2. Financial institutions in Nigeria are advised to maintain compliance with the newly issued guidelines on regulatory capital and seek clarification from the regulatory body in case of any uncertainties.
  3. It is crucial for financial institutions in Nigeria to carefully adhere to the guidelines provided in Circular BSD/DIR/PUB/14/063 to ensure regulatory compliance.

Data Update 6 for 2020: Profitability, Returns and the value of Growth

Musings on Markets • 0 implied HN points • 21 Mar 20
💰 Finance Investment Valuation Profitability Growth Returns
  1. Good businesses can make profits and turn those profits into cash flow for investors. It's important to think about both profit and cash flow, especially during tough economic times.
  2. Growth, profitability, and reinvestment are crucial to a company's value. Companies that grow their revenue while managing costs effectively are usually the most successful.
  3. How well a company reinvests can affect its growth and profitability. Efficient reinvestment means more gains and better overall performance in the market.

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/14/063

RegAlert • 0 implied HN points • 02 Sep 21
💰 Finance Regulation Banking Compliance
  1. The Central Bank of Nigeria issued new leverage ratio guidelines in September 2021 to ensure financial institutions maintain adequate capital in relation to their risk exposure and activities.
  2. Financial institutions are expected to comply with the outlined principles in the guidelines.
  3. In addition to compliance, timely submission of required reports is crucial for financial institutions.
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Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/14/063

RegAlert • 0 implied HN points • 02 Sep 21
💰 Finance
  1. The Central Bank of Nigeria has released Basel III Guidelines/Reporting Templates for deposit money banks, covering areas like regulatory capital and liquidity monitoring.
  2. The guidelines also include information on group and solo capital adequacy, leverage ratio, and large exposures.
  3. Revised Guidelines on the Supervisory Review Process of Internal Capital Adequacy Assessment Process have been issued for adoption by banks.

A Violent Earnings Season: Pricing and Value Perspectives

Musings on Markets • 0 implied HN points • 08 Feb 16
💰 Finance Investing Market Analysis Earnings Reports Valuation Financial trends
  1. Price and value are not the same. Price is what people are willing to pay, while value is based on a company's ability to make money.
  2. Earnings reports can heavily influence stock prices. Companies can see big swings up or down depending on whether they meet or miss expectations.
  3. Understanding the whole picture in earnings reports is important. Looking at various numbers is better than just focusing on earnings per share.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/026

RegAlert • 0 implied HN points • 30 Sep 21
💰 Finance Banking Regulations Nigeria
  1. Financial institutions should take note of the list of deposit money banks provided in the circular, categorized by their banking licenses and addresses.
  2. The circular from the Central Bank of Nigeria includes information on international, national, and regional deposit money banks as of September 30, 2021.
  3. The circular can be downloaded from the Central Bank of Nigeria website for further reference.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/027

RegAlert • 0 implied HN points • 30 Sep 21
💰 Finance Regulations Banks
  1. The Circular published by the Central Bank of Nigeria contains a comprehensive list of licensed microfinance banks as of September 30, 2021, with details like addresses and statuses.
  2. The listed microfinance banks in the Circular are located in states including Anambra, Lagos, Edo, Ogun, Abia, Bauchi, and the F.C.T.
  3. The Circular classifies the microfinance banks into categories such as state, national, and tier 2 units, offering insights into their operational scope.

Alert: Central Bank of Nigeria Circular OFI/DOA/LTT/CON/002/138

RegAlert • 0 implied HN points • 08 Oct 21
💰 Finance Regulatory Compliance Central Bank Financial Institutions Nigeria
  1. All Other Financial Institutions in Nigeria must prepare their annual financial statements according to International Financial Reporting Standards (IFRS) starting from the 2021 financial year.
  2. The Central Bank of Nigeria will no longer accept financial statements that do not comply with IFRS, and non-compliance will lead to penalties.
  3. OFIs adopting IFRS for the first time must follow IFRS 1 for first-time adopters to ensure compliance.

Alert: Central Bank of Nigeria Circular TED/FEM/PUB/FPC/01/007

RegAlert • 0 implied HN points • 11 Oct 21
💰 Finance Banking Policy Africa Cross-border Regulations
  1. The Central Bank of Nigeria has issued a circular regarding the introduction of the Pan African Payments and Settlement System (PAPSS) for faster and cheaper cross-border transactions within Africa.
  2. The PAPSS system supports cross-border retail payments in local currencies in West Africa and inter-bank settlement in USD.
  3. Each central bank will determine eligible transactions for foreign exchange, and commercial banks may maintain a USD settlement account at Afreximbank for payments outside of eligible transactions.

Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/013/149

RegAlert • 0 implied HN points • 12 Oct 21
💰 Finance Regulations Banking Payment Systems
  1. The Central Bank of Nigeria issued a revised regulatory framework for Bank Verification Number (BVN) operations and watch-list for the Nigerian banking industry to enhance customer due diligence and Know Your Customer processes.
  2. The aim of the framework is to promote a safe and efficient banking and payment system in Nigeria by improving regulatory oversight.
  3. The Central Bank will continuously monitor industry developments and offer further guidance as needed to ensure compliance with the regulatory framework.

Alert: Central Bank of Nigeria Circular CCD/GUI/01/20-10-2021

RegAlert • 0 implied HN points • 20 Oct 21
💰 Finance Regulations Financial Institutions Entrepreneurship Guidelines
  1. The Central Bank of Nigeria issued a circular about the Guidelines for the Implementation of Tertiary Institutions Entrepreneurship Scheme (TIES). Financial institutions must provide compliance details, student participation numbers, report challenges, and maintain communication with authorities.
  2. The circular emphasizes the importance of adherence to the guidelines set forth for the Tertiary Institutions Entrepreneurship Scheme (TIES).
  3. Financial institutions are urged to engage in open communication with the relevant authorities regarding the implementation of the Tertiary Institutions Entrepreneurship Scheme (TIES).

Alert: Central Bank of Nigeria Circular DFD/DIR/PUB/CIR/01/002

RegAlert • 0 implied HN points • 05 Nov 21
💰 Finance Banking Policy Economy Guidelines
  1. The Central Bank of Nigeria issued guidelines for the 100 for 100 Policy on Production and Productivity (100 for 100 PPP) to eligible private companies.
  2. The goal is to increase credit flow to the real sector and reduce dependence on imports, fostering economic growth and transformation.
  3. Interested companies can obtain more information by contacting the Director, Development Finance Department at the Central Bank of Nigeria in Abuja.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/035

RegAlert • 0 implied HN points • 31 Dec 21
💰 Finance Regulations Banking Compliance
  1. Financial institutions in Nigeria must ensure they collect required documentation and identification data from customers to comply with regulations.
  2. All banks should establish and maintain internal control systems to promote compliance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations.
  3. Institutions need to have trained staff and technological systems in place to effectively comply with regulatory requirements.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/031

RegAlert • 0 implied HN points • 31 Dec 21
💰 Finance Regulations Banks Transactions Due Diligence Compliance
  1. Financial institutions in Nigeria must conduct thorough due diligence on customers before opening accounts and monitor transactions for suspicious activities.
  2. These institutions are required to keep transaction records for at least five years and report any suspicious transactions to the appropriate authorities.
  3. Clients are mandated to provide valid identification and comply with all specified regulations and guidelines when dealing with financial institutions in Nigeria.

Alert: Central Bank of Nigeria Circular TED/FEM/FPC/PUB/01/001

RegAlert • 0 implied HN points • 21 Jan 22
💰 Finance Regulation Banking Trade
  1. Starting February 1, 2022, all import and export operations in Nigeria must use an Electronic Invoice authenticated by Authorised Dealer Banks on the Nigeria Single Window portal.
  2. The new regulation aims to ensure accurate valuation of import and export items through a Global Price Verification Mechanism based on benchmark prices.
  3. Imports and exports with unit prices deviating more than 2.5% from verified global prices will be scrutinized and may not be allowed to proceed.

Value Investing III: Requiem, Rebirth or Reinvention?

Musings on Markets • 0 implied HN points • 23 Oct 20
💰 Finance Investing Market Analysis Risk management Asset Valuation Investment Strategies
  1. Value investing has become too strict and doesn't adapt to new businesses, especially in tech. This has caused some investors to miss great opportunities.
  2. It's important to understand the difference between value and price when investing. These concepts are different and need different ways to look at them.
  3. Investing isn't about being morally right; it's about making smart choices. Value investors should respect other investing styles and learn from them to improve their own strategies.

Alert: Central Bank of Nigeria Circular CPD/GEN/GUIDE/01-2020

RegAlert • 0 implied HN points • 27 Jan 22
💰 Finance Regulations Banking Financial Institutions Charges Transactions
  1. Revised guide from Central Bank of Nigeria on bank charges includes lower fees for electronic transactions and aligning other charges with market trends.
  2. New sections added to the guide emphasize accountability, responsibility, and a sanction regime for dealing with excessive, unauthorized, and random charges.
  3. Financial institutions are required to comply with the updated guide starting from January 1, 2020.

Alert: Central Bank of Nigeria Circular TED/FEM/FPC/GEN/01/002

RegAlert • 0 implied HN points • 25 Feb 22
💰 Finance Regulatory Central Bank Foreign Exchange
  1. The Central Bank of Nigeria has introduced the RT200 Programme to reduce exposure to volatile foreign exchange sources and earn more stable inflows.
  2. The CBN has issued guidelines for the implementation of the RT200 Non-Oil Export Rebate scheme that Authorized Dealers must comply with immediately.
  3. The guidelines for the RT200 Programme are aimed at creating a more sustainable and stable foreign exchange system.

The Brexit Effect: The Signals amidst the Noise

Musings on Markets • 0 implied HN points • 29 Jun 16
💰 Finance Market Analysis Investment Strategies Economic Trends Risk Assessment Global Economics
  1. Brexit caused big market reactions, with the British Pound losing value quickly against the US Dollar. This showed that currency fluctuations can signal larger economic issues.
  2. Experts were often wrong in their predictions about Brexit's consequences, leading many to distrust their advice. This highlights how people sometimes ignore experts in favor of their own beliefs.
  3. Stories matter more than numbers in shaping public opinion. The Leave campaign had a stronger narrative, which attracted more support compared to the Remain side's focus on statistics.

Myth 4.3: The D cannot change (over time) in a DCF

Musings on Markets • 0 implied HN points • 04 Nov 16
💰 Finance Valuation Investing Cash Flow Equity
  1. Discount rates in a DCF can change over time, so don't think you need to stick with one forever. It's important to adjust them based on the company's growth and risks.
  2. Adjusting discount rates makes valuations more accurate, especially for young or transitioning companies. Big changes in these firms mean their risk should be reflected in the discount rate.
  3. To estimate changing costs of capital, begin with the current rate and make adjustments based on planned changes in the company's debt and business mix, moving towards stable growth if the company matures.

Alert: Central Bank of Nigeria Circular COD/DIR/INT/INM/003/042

RegAlert • 0 implied HN points • 14 Mar 22
💰 Finance Banking Regulations Currency
  1. The circular outlines guidelines for the Bank Neutral Cash Hub (BNCH) in Nigeria, which offers cash services to high volume/value customers to reduce risk and costs related to currency management.
  2. The purpose of the BNCH is to provide bank-neutral cash withdrawal and deposit services, aiming to enhance the efficiency and security of cash transactions.
  3. Feedback and inquiries regarding the operational guidelines for the BNCH should be directed to the Director, Currency Operations Department, Central Bank of Nigeria.

Why A Stock Market Pullback Is Likely

Spilled Coffee • 0 implied HN points • 06 Mar 24
💰 Finance Investing Stock Market Market volatility Financial planning
  1. The stock market is likely to experience a pullback because history shows that periods of continuous growth are always followed by downturns.
  2. Investors should be prepared for market volatility, as on average there are 3 pullbacks and a correction every year.
  3. Selloffs are a normal part of investing, and understanding the different levels like pullback, correction, bear market, and market crash can help investors navigate through fluctuations.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/040

RegAlert • 0 implied HN points • 15 Mar 22
💰 Finance Central Bank Regulation Covid-19 Impact
  1. The Central Bank of Nigeria has extended the 5% per annum interest rate on CBN intervention facilities for one year starting from February 28, 2022.
  2. Financial institutions are required to follow this regulatory forbearance for restructuring credit facilities affected by COVID-19.
  3. Enquiries regarding this regulatory update can be directed to the Director of the Development Finance Department.

Alert: Central Bank of Nigeria Circular COD/DIR/INT/CIR/001/006

RegAlert • 0 implied HN points • 01 Apr 22
💰 Finance Banking Regulation Economy
  1. The Central Bank of Nigeria issued a circular regarding the treatment of Composed Banknotes to prevent distortions in the value of currency and potential fraudulent activities.
  2. The circular imposes a penalty of 400% of the value for any Composed Banknote found in the deposits of Deposit Money Banks.
  3. Deposit Money Banks are requested to pay special attention to the treatment of Composed Banknotes as per the circular COD/DIR/INT/CIR/001/006.

January 2018 Data Update 9: Dividends, Stock Buybacks and Cash Holdings

Musings on Markets • 0 implied HN points • 04 Feb 18
💰 Finance Investing Dividends Corporate Finance Stock Buybacks Cash Management
  1. Dividends and cash returns are important for businesses, but many believe they signify failure instead of success. It's better for companies to return cash to shareholders rather than forcing it into poor investments.
  2. In reality, capital markets aren't always accessible, making it risky for companies to pay large dividends. If they overcommit to dividends, they could miss out on great investment opportunities.
  3. Many companies pay dividends out of habit, even when it may not be wise. This can lead to inefficiencies where they prioritize dividends over solid investment strategies.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/042

RegAlert • 0 implied HN points • 25 Apr 22
💰 Finance Regulation Risk management
  1. The Central Bank of Nigeria issued a circular to Other Financial Institutions (OFIs) about implementing effective risk-based approaches to combat money laundering and terrorism financing.
  2. The circular introduces a guidance note to help OFIs identify, assess, and mitigate money laundering/terrorism financing risks in their operations.
  3. OFIs are required to comply with the guidance note immediately.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/049

RegAlert • 0 implied HN points • 24 May 22
💰 Finance Banking Regulation Risk management Compliance
  1. Financial institutions must comply with the Regulatory Guidelines for the Redesigned Credit Risk Management System.
  2. Enforcement of the 'submit before disbursement' requirement begins on August 1, 2022.
  3. Customer accounts must be in the 10-digit Nigeria Uniform Bank Account Number format by June 20, 2022 to be enrolled onto the CRMS.

Alert: Central Bank of Nigeria Circular PSM/DIR/PUB/CIR/01/006

RegAlert • 0 implied HN points • 26 May 22
💰 Finance Banking Regulations Payments
  1. Financial institutions in Nigeria must accept indemnity from customers for secure online funds transfers, with varying limits for individuals and corporations.
  2. Customers should be given the option of electronic or paper indemnity, with stricter controls like biometric verification for electronic indemnity.
  3. Multiple factor authentication is required for secure online funds transfers, and customers must be informed about indemnity's role in increasing transaction limits.

Alert: Central Bank of Nigeria Circular 44

RegAlert • 0 implied HN points • 01 Jun 22
💰 Finance Regulations
  1. The Central Bank of Nigeria has issued Circular 44 regarding Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2022/2023.
  2. This circular provides important guidelines for financial institutions operating within Nigeria.
  3. The document can be downloaded from the official Central Bank of Nigeria website for further details.

Weekly Mining Newsletter

Miner Weekly • 0 implied HN points • 21 May 22
💰 Finance Regulation Finance Hardware Infrastructure General & Features
  1. The Chinese mining industry may still be active despite government bans, as new data suggests they may have gone underground to continue operations.
  2. New York State's regulatory uncertainty is causing Bitcoin miners to give up on the state, impacting the once-attractive environment for miners.
  3. Various mining companies are experiencing fluctuations in revenue and earnings, with some like Stronghold Digital beating revenue estimates but missing on earnings, while others like Argo Blockchain seeing a significant plunge in net income.

Weekly Mining Newsletter

Miner Weekly • 0 implied HN points • 04 Jun 22
💰 Finance Regulation Finance Infrastructure General & Features
  1. New York State Senate approves a 2-year moratorium on Proof-of-Work mining operations, pending the governor's decision, impacting new entrants and expansion.
  2. The Biden administration is looking into ways to reduce energy consumption and emissions from cryptocurrency mining.
  3. Bitcoin mining revenues dropped by over 20% in May, leading miners to consider selling off their BTC holdings to manage market challenges.

Weekly Mining Newsletter

Miner Weekly • 0 implied HN points • 13 Aug 22
💰 Finance Regulation Hardware Finance Infrastructure General & Features
  1. Bitcoin miners like Marathon and Hut8 faced large impairments amidst a crypto downturn in Q2 while continuing their expansion goals.
  2. M&A activities are on the rise in the mining industry with acquisitions like CleanSpark buying a 36MW mining site and companies like Iris Energy and Cipher Mining boosting their power capacities.
  3. Upcoming earnings reports will shed light on miners' cost of production in Q2 versus Q1, providing insights into the financial health of these companies.

Miner Weekly: Hashprice Squeeze 🥲

Miner Weekly • 0 implied HN points • 03 Sep 22
💰 Finance Mining Regulation Hardware Finance Infrastructure
  1. Bitcoin mining difficulty increased, causing hashprice to drop to around $0.08 per TH/s, impacting mining profitability and leading to pressure on inefficient miners.
  2. Public bitcoin mining companies have managed to keep mining costs below $20,000, but general expenses could push some companies to exceed $30,000 per BTC, affecting their overall profitability.
  3. Regulations, such as the rejection of green crypto mining studies and veto of crypto mining laws due to energy costs, and hardware news, like companies broadening digital ambitions and increased mining difficulty, continue to shape the crypto mining landscape.