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Busola Jeje
Research Analyst @ Tellimer Research
Busola covers some of the key names in the Nigeria banking sector. She joined Tellimer from United Capital Plc Group, where she was a research analyst with sole coverage of Nigerian oil and gas companies as well as power companies. She has a first-class degree in Economics from Covenant University and is a CFA charter holder.
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Latest from Busola Jeje
West Africa in Focus /
Global
Nigeria to fund oil subsidies with 2021 Eurobond receipts and local borrowing
Nigeria is cracking down on illegal loan agencies and their practices of charging eye-watering rates and intimidating borrowers who get into payment difficulties. As we have highlighted previously, local players stand to benefit from IOC exits. To fi...
Janet Ogunkoya @ Tellimer Research 17 March 2022
UBA: FY 21 results underperform on taxes from other African subsidiaries
UBA Group’s after-tax profits for FY 21 grew 9% yoy to NGN116bn. Given the hard hit by taxes, the group’s ROE fell to 15.8% from 16.7% in FY 20, while its ROA fell to 1.4%, from 1.6% in FY 20. Two major factors accounted for the outperformance. Impro...
Busola Jeje @ Tellimer Research 14 March 2022
West Africa in Focus /
Global
Russia-Ukraine conflict has enormous implications for Africa inflation
Away from the conflict, African startups continue to attract interest from Big Tech and VC, and with good reason: Africa is a fertile ground for tech disruption, with its rising population and low levels of financial inclusion. Looking forward, the r...
Busola Jeje @ Tellimer Research 10 March 2022
Higher oil prices spell big trouble for Nigeria
Nigeria is unable to take full advantage of higher oil prices due to low levels of production... A direct impact of the rising oil prices is increased oil revenue for Nigeria. As we have previously elaborated, weak oil production and fuel subsidy ero...
Ayobami Omole @ Tellimer Research 9 March 2022
Guaranty Trust Holding: FY 21 results show the negative effect of special bills and higher taxes
Nigeria's newly formed financial holding company, GTCO, reported a 14% yoy drop in FY 21 after-tax profits, slightly better than our forecast of a 17% decline. Although GTCO, alongside other Nigerian banks, is pursuing strategies to diversify away fr...
Busola Jeje @ Tellimer Research 9 March 2022
Zenith Bank: FY 21 earnings outperform on a strong last quarter
Zenith Bank’s FY 21 after-tax profit was up 6% yoy, ahead of our expectations for a 4% decline, and Bloomberg consensus (1% decline). Higher net interest income: Zenith Bank’s net interest income improved (+7% yoy vs 5% expected), as its favourable l...
Busola Jeje @ Tellimer Research 4 March 2022
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2020
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