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Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family... Kofi Annan Knowledge and action is really what differentiate you from other people. Just as food is good, energise, grow and keep the body healthy so also is knowledge for your mind. Furthermore, knowledge is what keeps our mind in good shape, it helps remove prejudice, bias and lower risk when taking decision inclusive of investment decisions which is why they always say that it is what we don't know that affects us. Similarly in stock, it is knowledge that helps you understand the current trends, models and systems that will help you get the best ROI and reduce the risk. Because things are changing fast and it is only through knowledge that you can change adapt fast. If you look indepth, knowledge about the market that was valid yesterday is no longer valid today which is why I get took my time to package my INVEST SUMMIT into a home study pac...

While the public eagerly await the court ruling on the dispute over ownership of Mining Lease No 2541 in Obu, Okpella, in Edo State between Dangote Industries Ltd and BUA Group, both conglomerates again continued their verbal war with each asserting their claims and counters. Dangote Group in a statement on Thursday night, which it said was to further re-assured its shareholders, the regulators and members of the public that it is the true owner, faulted “BUA’s fraudulent claim that the Dangote Group is trying to monopolize the cement business in the Country.” It said “BUA has willfully, deliberately and mischievously concealed the fact that it has at least 12 Mining/Quarry Leases within and around the area in question as opposed to this sole Mining Lease No 2541 owned by the Dangote Group.” However, in its response Friday morning, BUA management accused Dangote Group of furthering “its cycle of misinformation over the mining dispute… through falsehoods and bigger lies,” stre...

Market Update for December 21 Trading on the Nigeria Stock Exchange had an up-market on Thursday to consolidate mid-week reversal move on a strong volatile retracement to finish the session higher on a good and positive technicals that signaled traders taking position for end of the year rally after the market had pullback before now. With the increasing number of institutional and foreign players in the market ahead of full year earnings reporting season, the possibility for down market is slim due to change in market holding structure of less retail players that will be selling to meet personal needs for the new year. On this note January effect will be subject to market forces, as volatility continue in 2018 but let the numbers posted for third quarter guide your positioning for dividend income as higher payout is likely to come with 2017 full year earnings reports. Trading started with a disappointing gap down and continued through the mid-morning to midday but retraced up ...

The stock market on Wednesday had a turn-around to the upside, halting two sessions of down markets on strong volatile mood as smart money and fund managers position for end of the quarter and year to meet set targets and earn their portfolio management and advisory services fees. The recent market correction resulting from profit taking in preparation for the festive season has also created a buying opportunity for discerning investors and traders alike, ahead of the 2017 full-year and 2018 first quarter earnings reporting seasons, as end of wave 4 comes close to usher in a 5-wave extension at the end of Wednesday’s trading session. The mixed technicals at the end of mid-week trading are yet to give clear direction until Thursday’s market open to confirm direction. The Nigerian Stock Exchange (NSE) composite All-Share Index (ASI) opened lower and slipped downward between the mid-morning and midday, retracing up by the afternoon to hit intraday highs of 37,933.86 from a low of...

MARKET UPDATE FOR DECEMBER 19 Trading on the Nigerian Stock Exchange on Tuesday continued its downside trend on a strong selling pressure. It must be noted that the losing momentum in the index slowed down, even as profit booking persisted amidst the yuletide season, sustaining the volatility wave ahead of the year-end rally induced by portfolio managers and the 2018 earnings reporting season. The session opened lower, before slipping in a three-wave decline to continue the correction by midday and then bounced in the afternoon to reduce the day’s loss. The benchmark index closed near the lows for the day at 37,783.73 from intraday high of 37,960.63, on a negative market breadth and huge volume traded which was driven principally by conglomerate- Transnational Corporation of Nigeria (Transcorp), with mixed sentiment of buying trades of 57%, while selling position of the stock was 43%. The day’s market technicals was weak with negative breadth, volume declined marginally and...

BudgIT, a civic tech organisation promoting increased standards of transparency, citizen engagement & accountability in Nigeria’s public finance, on Monday said it had discovered “suspicious and frivolous items’ buried in the 2018 Appropriation Act now under consideration at the National Assembly. The sum of all such suspicious items already discovered is about N73.3bn tucked in the budgets of the State House (Presidency), Ministries of Power, Works and Housing, as well as its Industry, Trade and Investment counterpart, DSS, Office of the National Security Adviser, among others. One of such suspicious items, to which BudgIT drew the attention of the National Assembly on its twitter handle is a vague N22.6bn voted for “Research and Development” by the Federal Ministry of Industry, Trade and Investment headquarters. It also seeks to know beneficiaries of a N19.3bn Export Expansion Grant (EEG) appropriated also for the same ministry and whether it does not conflict with the m...

VOLATILITY TO CONTINUES AS INVESTORS, TRADERS TAKE PROFIT, REPOSITION FOR 2018 EARNINGS SEASON The nation’s stock market recorded another decline on Monday, reversing previous session’s gains on a continued volatility to start the trading week on a huge volume of trades driven by large capitalized stocks, particularly the increased activity in Dangote Cement over the past one year and six months. This should ordinary attract the attention of discerning long-term and dividend income investors, especially as improvements in profit level and expansion of capacity within and outside Nigeria continue. This is a pointer to the fact that investors have seen value, considering that institutional players and foreign investors entrance into the company. The November inflation figure released on Monday by the National Bureau of Statistics (NBS) was flat as expected at 15.90%, from 15.91% in October due to relatively high price of food and other core products/services for the perio...

Vitafoam Nigerian Plc recently presented its unaudited nine-month earnings report to the investing community slightly earlier than that of the corresponding period in 2016, the highpoint of which was the growth in top and bottom-lines as the company came out of loss. This reality is yet to influence its share price, due to its relatively low dividend payout history and unstable earnings performance over time. Investors and analysts expect that the company’s post-merger numbers arising from its expansion outside Nigeria, and the introduction of new products would further boost its earnings capacity, helped particularly by earnings from its foreign operations, considering the exchange rate. There is also revenue from its domestic operations as the company continues to penetrate new markets. Expectations are that with Vitafoam bouncing back to profit, dividend payment would likely range between 15 kobo and 18 kobo. In the Q3 result under consideration, Vitafoam recorded an increase...

• It’s A Lie, You Can’t Intimidate Us Like You Did To Ibeto, Others, BUA Warns Photo Caption: Acting Chief Executive, Dangote Cement Plc, Engr. Joseph Makoju; Group Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote Industries Limited, Devakumar Edwin; and Mining Consultant to Dangote Industries Limited, Taslim Jimoh, at a press briefing to debunk the claims by BUA Group on allegation of Dangote Cement sabotaging operations of BUA Cement in Edo and Kogi State, in Lagos on Sunday, December 17, 2017. The verbal war between Alhaji Aliko Dangote’s Dangote Cement Plc and his fellow billionaire businessman from Kano- Alhaji Abdulsamad Rabiu of BUA Group continued Sunday, over control of the nation’s lucrative multi-billion cement business. Both groups are at war over vast deposits of limestone, the major raw material for cement production. While Dangote Group has its Dangote Cement Plc listed and actually accounting for about a third of the market ...

What should investors look out for in the next major earnings reporting season, which comes out within the first quarter (January to March) 2018, especially with improved company and market fundamentals as reflected in the numbers emanating from quoted companies and reactions to such from market forces in form of price performance and traded volume that had shown increased activities and demand for stocks, when compared to the situation in the three previous years of down market. Investdata Research shows that traders are interested in market reactions to earnings during earnings seasons, but the momentum of this reaction depends on the numbers posted and the period. Markets react faster and longer to full-year scorecards than quarterly reports, due to rewards that accompany such in the form of cash dividend or bonus shares, which are of interest to most investors. The behavioral pattern of investors and the market at this point is what traders benefit from, while t...

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Governor Ayodele Fayose of Ekiti State on Friday debunked claims by Chairman of the Governor’s Forum, Alhaji Abdullazeez Yari of Zamfara State at the meeting of the National Economic Council (NEC) on Thursday that his colleagues approved the contribution of $1bn from the Excess Crude Account (ECA) in support of Military Operations in the North East. Taking to his personal twitter handle on Friday morning he said decision to withdraw from the ECA “was solely the idea of the federal government, which they used the National Executive Council meeting to achieve.” He wondered reasons for the withdrawal, “since they said they have defeated Boko Haram, what else do they need a whopping sum of $1 billion (over N360bn) for; if not to fund President Buhari’s re-election in 2019? “For posterity sake, I wish to place it on record that I was not among the governors, who approved the withdrawal of $1bn, almost half of our savings in the Excess Crude Account, which belongs to the three tiers...

MARKET UPDATE FOR DECEMBER 14, 2017 It was a difficult trading session on the Nigeria Stock Exchange on Thursday, as market indicators declined further on a highly volatile mode to consolidate the losing streak that almost wiped out all of the gains recorded month-to-date, due to massive profit taking in blue chip stocks that almost triggered panic among retail investors. Considering what the market had done in terms of performance year-to-date especially, profit taking is not unexpected also given that it is an integral aspect of stock trading and investing. Trading activities for the day started out with a little pop to the downside, reaching intraday lows of 37.840.14, breaking down the psychological line of 38,000 and strong support level of 38,241.45 from the day’s high of 38,539.91 on below recently traded market average volume.  The index had actually formed bear wedge, despite reducing the losing streak to close the day at 37,933.70 which was also lower than ...