Invest Data Consulting Ltd

Investors Upbeat Amidst Hope Of More Financials, Position Taking Market Update for January 30 The nation’s equity market on Tuesday had a very volatile, but positive session as a strong follow-up of the previous up market. It appears that the back of the uptrend is strengthened by the expected earnings reporting season as actual numbers from service and consumer goods sector stocks were impressive and strong enough to support their prices. The composite Nigerian Stock Exchange (NSE) index opened the day lower, quickly gaping down in the early hours of the session, before rebounding between the mid-morning and midday. This move was sustained till the afternoon session to stay above the 20 and 50-Day moving averages and support the price rally, while keeping the trendline of wave 5 up on a huge volume. The rest of the day was spent in a mixed sentiment for end of month profit taking and balancing of the first month’s account by window dressing prices to close higher. At the en...

Officials of Nigeria’s Federal Ministry of Finance and Securities & Exchange Commission (SEC) are appearing before the House Committee on Capital Market and Institutions, headed by Tajudeen Yusuf, as it seeks to unravel the allegations and counter-allegations by the Minister of Finance, Kemi Adeosun, and suspended Director-General of the capital market apex regulator- Mounir Gwarzo. Recall that Gwarzo and two other top officials of SEC were suspended some months ago from office. While the Finance Ministry based its suspension order on various allegations of abuse of office, which may not be unconnected to his receipt of about N104.8m as severance benefit when he was appointed DG from his previous position of Executive Commissioner, as well as award of contracts to companies in which he and his cronies had interest, the embattled DG blames his problem on the planned forensic audit of integrated energy giant- Oando Plc over sundry infractions. A source at the commission conf...

A new report by the World Bank: The Changing Wealth of Nations 2018, says global wealth grew significantly over the past two decades, even while per capita wealth fell or stagnated in more than two dozen countries in various income brackets. Going beyond traditional measures such as GDP, the report uses wealth to monitor countries’ economic progress and sustainability. The report tracks the wealth of 141 countries between 1995 and 2014 by aggregating natural capital (such as forests and minerals), human capital (earnings over a person’s lifetime); produced capital (buildings, infrastructure, etc.) and net foreign assets. Human capital was the largest component of wealth overall, while natural capital made up nearly half of wealth in low-income countries, the report found. Commenting, World Bank Group President Jim Yong Kim, said: “By building and fostering human and natural capital, countries around the world can bolster wealth and grow stronger. The World Bank Group is accele...

Online newspaper, Upshot Reports, quoting the outcome of the Federal Government’s Administrative Panel of Inquiry has recommended the dismissal of Mounir Gwarzo, suspended Director-General of the Securities and Exchange Commission (SEC), from the Public Service. This, it said is in line with “PSR 030402 (in relation to the allegation on Golden Handshake), having breached paragraphs 313 and 316(4) of the Financial Regulations (Government Notice No. 219 of 27th October, 2009)(engaging in extra budgetary expenditure without appropriate approval).” The newspaper quoted a Presidency source as saying the report and recommendations of the API headed by the Permanent Secretary of the Federal Ministry of Finance, Mahmoud Isa-Dutse, is ready. Among others, the panel wants Gwarzo referred to the Independent Corrupt Practices Commission for further investigation of the allegation of abusing his office to award contracts to Outbound Investments Limited, contrary to the provisions of Sectio...

SME eBusiness Fair is set to empower over 5,000 MSMEs and SMEs across Nigeria with the necessary skills, knowledge and insights to build and grow their business using technology. The primary objective of the SME eBusiness Fair is to teach entrepreneurs and business owners how to grow their businesses using technology and to build strong business networks. The SME eBusiness Fair is a platform for fast-growing businesses to promote their brand and engage with their customers. The SME eBusiness Fair is powered by ConnectNigeria, Nigeria's information portal. SME eBusiness Fair 2018 03 FEB 2018 // 9AM - 5PM EKO HOTELS AND SUITES You can register on the link below: www.connectnigeria.com/bizfair

Honeywell Flour Mills, on Tuesday released its unaudited result for the third quarter ended December, 2017, just days hours the January 31, 2018 deadline, indicating improvement management as measured by the significantly faster growth in net profit than sales revenue for the period. Turnover from sale for the period rose by N16.671bn or 43.9% from N37.974bn in the nine months of 2017, to N54.645bn; just as cost of sales jumped 55.56% or N15bn to N42.006bn, as against the N27.003bn reported in the corresponding period of 2017. This left gross profit of N12.639bn, up from N10.971bn. Other income improved from N48m to N145m; selling and administrative stood at N5.726bn from N5.218bn; leading operating profit at N7.058bn, compared to N5.801bn in the preceding third-quarter. Finance cost dropped to N3.581bn from N4.146bn; just as finance income was nil, compared with previous N351m; following which net finance expense stood at N3.581bn, up from N1.655bn. Profit before tax stood ...

Renaissance Capital (Rencap), a top-ranked investment banking firm founded in Russia and operating several countries across the globe, on Tuesday revised its 2018 GDP growth forecast for Nigeria to 2.9% from the previous 2%, up also from 0.8% in the 2017 estimates. The report authored by Yvonne Mhango based this optimism on the hope for increased “government spending ahead of the 2019 elections and looser monetary policy to boost growth. We also think the restoration of a positive consumer confidence index, after six years, is indicative of a recovering consumer and implies more balanced growth in 2018, as opposed to the oil driven growth of 2017. The report “Sub-Saharan Africa in 2018: Brisker growth, monetary easing,” dated January 30, 2018, expects “brisker growth, monetary easing and a start in the rebuilding of savings in Sub-Saharan Africa (SSA),” with the recovery driven by Nigeria. The country’s recovery in 2017, it said, was largely driven by its oil sector, adding ...

Photo Caption: From left, Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE); Ms. Darcy Zotter, Public Affairs Officer, United State Consulate General Lagos; Oscar Onyema, Chief Executive, NSE; John Bray, United States Consul General in Lagos; U.S Consulate Political and Economic Section Chief, Tat Osman Lagos, Nigeria, and Pai Gamde, Group Head, Human Resources, NSE during the Closing Gong Ceremony at the Exchange on Monday, January 29, 2018, in Lagos. United States Consul-General, F. John Bray, on Monday in Lagos, expressed his country’s deep commitment to the growth and development of Nigeria’s private sector and economy. Bray, who was at the Nigerian Stock Exchange (NSE) to perform the closing gong ceremony, said both the government and private sector of his country are committed helping Nigeria as it continues to seek new avenues of economic growth and development. The reason for this, he continued is not far-fetched, given that the “more Nige...

Market Update for January 29, 2019 Trading for the week on Nigeria’s stock market started off very strong and positive note on Monday to consolidate last Friday uptrend after recording four trading sessions of down in the previous week as a result of profit booking to form a corrective wave that came to an end, ushering in a motive wave 5 extension that may last longer, due to stock price rally on stronger earnings reports. This is however on the condition that the expected numbers really beat expectations. The composite NSE All-Share index opened the day trading with upside gaps, rallying to remain green from the mid-morning till midday to breakout the psychological line of 44,000 again after it had tested an intraday support level of 43,773.76 successfully. From there, it rallied back in 5-wave extension move, with the index actually tagging its high from late Friday at about 532.72 basis points. The day’s technicals were strong but mixed, as buying pressure was 100%. Volum...

"By failing to plan then you are planning to fail". Yesterday, I was checking my outstanding goals for this year and I realized that I still have a lot to accomplish. Sincerely speaking, I didn't  achieve much this last year and some of my colleagues that I asked also didn't achieve their goals too year. How many times have you said to yourself, if only this had happened, or, if only I had done this or that, things would be different? The fact remains the same ... If you keep doing what you've been doing—you will get what you've always gotten which is why using last year's investment knowledge to make decision and expecting a different result is a DAYLIGHT DREAM Research has shown that most people spend their whole lives abandoning their dreams and pay attention to Social media, TV,  Sport bet, Ponzi Schemes or stuck on a point without making progress toward their goals. Did you know that only 3% of the world has set goals for themselves? ...

Follow us on our social media platforms to be able to view previous investment summits, training, stock updates and business news. Linkeding: https://www.linkedin.com/company/investdataltd/ Facebook: https://www.facebook.com/investdata /                 https://www.facebook.com/Investdata 1/ Blogger: https://investdataltd.blogspot.com/ Google+: https://plus.google.com/u/0/+InvestData Twitter: https://twitter.com/investdatang

Market Update for Week Ended January 26 and Outlook for Jan 29-Feb 2 Nigeria’s equity market during the past week closed lower for the first time this year after three straight weeks of up market when it ranked as the world’s best performing bourse, but witnessed a pullback as a result of massive profit taking activities which led to a back-to-back loss for four trading sessions. The week also witnessed a very high intraday volatility to create buying opportunities that supported reversal that halted the free fall of stock prices within the period under consideration on Friday. The relatively lower prices resulting from the latest market corrections ahead of the earnings reporting season attracted repositioning by smart money, amid reshuffling of portfolios by investors in expectation of Q3 March accounts and full-year earnings reports for December year-end accounts that are around the corner. This led to the renewed “BUY” market on Friday as a result of price adjusting downwa...

• Sustaining ongoing Reforms Key To Enhancing Confidence PriceWaterhouseCoopers, an international firm of external auditors, consultants and advisors, last week hinted of a dire need to significantly develop and increase the depth of the Nigerian capital market, measured as a percentage of its gross domestic products (GDP). In the January 22, 2018 edition of its publication Nigeria Economic Alert, titled “External Debt Issuance: Towards Capital Market Development,” co-authored by Andrew S. Nevin (PhD) and Adedayo Akinbiyi, PwC noted that Nigeria’s capital market is just 11% of its GDP , which is significantly below the world average of 98.5% in 2016, outperforming fellow African nation- Egypt’s 9%. According to the report, Nigeria’s came far behind South Africa’s capital market at 334% of its GDP; which was far better than 136% for India; 63% for China; and Russia’s 49%. Responding to a mail by Investdata at the weekend, Dr. Nevin explained further that in terms of total...

• To Lead AU Anti-Corruption Fight Photo Caption: President Buhari being congratulated by fellow African heads of government after his appointment in Addis Ababa on Sunday. Nigeria’s President Muhammadu Buhari, on Sunday challenged leaders of African nations to develop a common position for the continent on recovery of public assets. Buhari, who was reacting to his appointment at the ongoin African Union (AU) Summit in Addis Ababa, to champion the 2018 theme: “A Sustainable Path to Africa’s Transformation,” dedicated to the fight against endemic corruption on the Continent,” pledged to do his utmost in the anti-corruption agenda “and make the impact we all hope for, during 2018 and beyond. He lamented that the manifestation of corruption across the continent “is also a reflection of the need for stronger leadership and oversight institutions. Tackling corrupt acts and greed require a reorientation of our attitudes and perceptions.” Calling for a change of mindset to win...

“Take Advantage of VAIDS, Regularise Your Profile Before Deadline” Photo Caption: Permanent Secretary in Nigeria’s Finance Ministry, Dr. Mahmud Isa-Dutse; Finance Minister, Mrs. Kemi Adeosun and the Queen of Netherlands, Her Majesty, Zorreguieta Cerruiti, during the recent visit of the Queen to the Ministry in Abuja. Barely two months to the end of the March 31, 2018 grace period for update of tax records, under its Voluntary Assets and Income Declaration Scheme (VAIDS), the Federal Government said it is already investigating over 200 cases of under declaration by taxpayers and demand for gratifications by tax officials. The VAID is part of government’s efforts to raise the country’s abysmally low Tax-to-GDP ratio said to be one of the lowest across the world at a time the administration seeks to reduce over dependence on oil revenue. A statement by Oluyinka Akintunde, Special assistant, Media to the Finance Minister, Mrs. Kemi Adeosun, in a statement, on Sunday said the go...

Before now many investors think of dividend paying stocks as boring, offering low return on investment, compared to high flying penny stocks, whose volatility can be pretty exciting, with those who know how to successfully ride on them making a kill. However, dividend paying companies are usually more mature and predicable, a situation some may consider dull, the combination of a consistent dividend and a rising stock price can offer earnings that are potentially powerful enough to be excited about. Things to know with regards to dividend growth would include a high dividend yield. Understanding how to estimate dividend paying companies can give some insights into how dividends can boost returns on investment, especially if reinvested. A common perception is that a high dividend yield indicates that the dividend paid is a fairly high proportion of return on the stock price and the most important measure. However, yield that is considerably higher than that of other stocks in a...

This year’s World Economic Forum Annual Meeting comes at a time of good news for the world economy. As we said in this month’s Global Economic Prospects report, for the first time since the financial crisis, the World Bank is forecasting that the global economy will be operating at or near full capacity. We anticipate growth in advanced economies to moderate slightly, but growth in emerging markets and developing countries should strengthen to 4.5% this year. Global growth is good news for the fight to end poverty and boost shared prosperity around the world. But there are a few things we’re seeing that keep me up at night. First, aspirations are rising all over the world. Nearly everywhere I travel, I see people on smartphones – and thanks to the internet and social media, those people can see how everyone else lives. Our research suggests that as people access the internet, their reference income – the income to which they compare their own – begins to grow, leading to rising...

Tells President: ‘Don’t Be Deceived That Without You There’ll Be No Nigeria’ Both Buhari, Obasanjo Are Expired Products- Fayose Ex-President Olusegun Obasanjo came out hard on the President Muhammadu Buhari-led Federal Government, accusing it of dragging Nigeria into mire of poor performance. This, he wrote in a special press statement on Tuesday, has become visible as Nigerians groan under the weight of “poverty, insecurity, poor economic management, nepotism, gross dereliction of duty, condonation of misdeed – if not outright encouragement of it, lack of progress and hope for the future.” Others, he continued, while passing a no-confidence vote on the President, the ruling party- the All Progressives Congress and Nigeria’s main opposition- Peoples Democratic Party, include a “lack of national cohesion and poor management of internal political dynamics and widening inequality,” which he stressed “are very much with us today.” The ex-President while muting the idea that ...