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Showing posts from November, 2019

Nigeria’ll Be Among World’s Most Liquid Capital Markets By 2025- SEC

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The Securities and Exchange Commission, (SEC), on Monday in Abuja restated its commitment to ensuring that the country’s Commodities Ecosystem becomes vibrant and contributes to economic development Acting Director-General of the SEC, Mary Uduk gave this assurance at the opening of a two-day capacity building programme on the commodities trading ecosystem for the staff of some federal ministries. Already, she said, the commission is collaborating with relevant stakeholders to implement the 10-year capital market master plan aimed at transforming Nigeria into one of the world’s most liquid capital markets and Africa’s largest economy by 2025. To achieve the target, however, she stressed the need for the Nigerian capital market to operate at an optimum level, even as the implementation of its 10-year master plan remains a priority. Ahead of that target, however, she underscored the need for a vibrant commodities ecosystem to enhance the diversification of Nigeria’s economy from

Getting Women In Driver’s Seat Of Africa’s Agribusiness Revolution

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By Mariam Yinusa and Edward Mabaya More African female agripreneurs must be supported to grow and progressively transition into the business segments of agricultural value chains which are most profitable Monica Musonda, CEO of Zambian food processing company Java Foods (https://Java-Foods.com/), certainly faced hurdles in her rise to the top, but she overcame them. “Although the barriers to entry for women can be frustrating, they are often basic and relatively easy to resolve,” she said, playing down her struggles. “My climb up the agribusiness ladder has been challenging but definitely worthwhile.” Musonda, whose company produces affordable and nutritious food snacks made from local ingredients, is one of just a handful of female agripreneurs who have successfully broken through the proverbial glass ceiling in Africa’s agribusiness (https://bit.ly/2QJrnjY) industry. Women are the backbone of Africa’s agricultural sector. From farm to fork, African women are players along

UKDIT Showcases Major Investors In London To 100 Nigerian Businesses

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Ahead of the UK-Africa Investment Summit on January 20, 2020, in London, the UK’s Department for International Trade recently hosted over 100 Nigerian businesses and potential UK investors at an investment showcase in London. The showcase, in collaboration with the City of London, highlighted opportunities in some of the many viable projects in the West African nation across the agriculture, energy, healthcare, infrastructure, and ICT sectors. The summit, according to a statement, supports the UK’s clear vision of working together with African countries and forging new investments that will create jobs, and boost mutual prosperity through strong and enduring partnerships. The vent brought together leading figures in the public and private sectors, investment funds, and financial institutions as the UK pursues its ambition of being the largest G7 investor in Africa by 2022, just as it outlined progressive investment prospects in the Nigerian market today to UK investors. In his

Capital Market Can Enhance of Nigeria’s Potentials – SEC

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Chairman of the Securities and Exchange Commission (SEC) board, Olufemi Lijadu, on Wednesday challenged Nigeria’s capital market stakeholders, to explore the nonoil sectors of the economy and enable it attain its full potentials. Speaking at a breakfast meeting between the board members and the stakeholders Lijadu said the nation needs “money to develop our economy and to get the money we need to attract investors both local and foreign. To attract them, our markets need to have the basic rules that are obtainable anywhere else in the world by aligning ourselves with best practices internationally. Given that market operators and the apex regulator have the same interest, he challenged them to collaborate in the overall interest of the market and the economy. He expressed the commission’s readiness “to listen to you, to be accessible to you and to work with you. This meeting is the beginning of a partnership that we hope will continue. “You are there in the market and can give

Nigeria’s 2019Q3 Capital Inflow Up 87.9%, Hits $5.36bn

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30 States Records zero Inflows, As Lagos Snaps 92.71% Nigeria’s National Bureau of Statistics (NBS), on Monday, published the country’s capital importation report for the third quarter ended September 30, which at $5.367bn, grew 87.9% year-on-year, over the $2.855bn reported in the corresponding period of 2018. The import level was however 7.7% less than the $5.82bn reported in the preceding quarter. At $2.999bn, portfolio investment was the largest amount of total capital importation by type received, accounting for 55.88%, representing 30.13% grew quarter-on-quarter, and 74.08%. It was followed by other investments amounting to $2.167bn, an increase of 66.2% quarter-on-quarter and 260.41% year-on-year; while foreign direct investment for the period aggregated $200.08m, representing 62.29% YoY, and 10.23% QoQ rise. A breakdown of the inflow by way of portfolio investment during the period under review showed that money market instruments pooled $2.549bn, an increase of 26.7

NGSE Index Seeks Direction, As Investors Digest Impacts Of Emerging Economic Data, Devts

Market Update for November 19 The Nigerian Stock Exchange closed higher on Tuesday, halting the previous day’s loss position in the midst of profit-taking, amidst the ongoing interpretation of recent economic data and corporate earnings in relation to the different investment windows as capital wave continued finding a destination for higher returns. There are the telling effects of the expected rise in market liquidity level and indeed the economy at large, due to the sharp drop in money market rates, just as the Loans to Deposit ratio of banks has been raised from 60% to 65% at the end of this quarter. These are some of the measures put in place by the Central Bank of Nigeria (CBN) to make funds available to the private sector, for boosting productivity and economic activities necessary for driving national growth and development. Tuesday’s trading started on the downside in the morning and rebounded at the mid-morning to the afternoon on a sustained oscillation during the sess

Investdata Daily Sentiment Report as of 28 November, 2019

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NSEASI buy 7% sell 93% MFI 49.49 Access buy 0% MFI 60.76 Aiico buy 0% volume index 1.32 MFI 73.45 Cadbury buy 0% volume index 9.22 MFI 18.73 Chams buy 0% volume index 7.46 MFI 46.83 Corner buy 88% sell 12% volume index 6.76 MFI 30.63 Dangsugar buy 💯 volume index 1.07 MFI 88.03 ETI sell 💯 volume index 0.46, MFI 57.47 Fbnh buy 10% sell 90% MFI 68.75 Fcmb buy 💯 volume index 0.78 MFI 64.80 Fidelity buy 0% volume index 0.94 MFI 60.06 GT buy 💯 MFI 74.29 Honyflour buy 💯 volume index 0.85 MFI 79.94 Jaiz buy 0% MFI 95.96 Japaul buy 0% volume index 3.17 MFI 61.84 Nahco buy 💯 volume index 1.14 MFI 64.80 Oando buy 17% sell 83% volume index 1.39 MFI 70.53 Regalins buy 50% sell 50% volume index 9.25 MFI 27.52 Transcorp buy 50% sell 50% volume index 2.11 MFI 51.69 Uacn buy 0% volume index 0.70 MFI 57.76 Uba buy 💯 MFI 73.57 Ucap buy 💯 volume index 1.13 MFI 60.32 Wapic buy 💯 volume index 1.72 MFI 78.71 Wema buy 0% volume index 1.04 MFI 59.09 Zenith buy 50% sell 50% M

Investdata Daily Sentiment Report as of November 27, 2019

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NSEASI buy 0% MFI 49.14 Access buy 43% sell 57% MFI 63.18 Afrprud buy 0% volume index 0.86 MFI 52.01 Aiico buy 0% MFI 72.71 Corner buy 0% volume index 2.35 MFI 48.98 Cutix buy 0% volume index 6.85 MFI 61.02 Dangcem buy 💯 volume index 2.19 MFI 18.15 Dangsugar buy 70% sell 30% volume index 6.98 MFI 92.18 Fbnh buy 75% sell 25% volume index 0.91 MFI 69.47 Fcmb buy 💯 MFI 72.63 Fidelity buy 💯 volume index 1.08 MFI 62.01 GT buy 33% sell 67% volume index 0.85 MFI 75.46 Honyflour buy 💯 volume index 1.07 MFI 79.11 Jaiz buy 💯 MFI 95.30 Japaul buy 💯 volume index 2.35 MFI 100.00 Lasaco buy 💯 volume index 3.11 MFI 46.96 Mtnn buy 0% volume index 1.21 MFI 44.67 Neimeth buy 💯 volume index 2.58 MFI 99.85 Regalins buy 💯 volume index 4.74 MFI 90.83 Sterling buy 💯 MFI 65.09 Transcorp buy 💯 volume index 0.90 MFI 63.85 Uacn buy 💯 MFI 59.41 Uba buy 33% sell 67% MFI 65.19 Ucap buy 45% sell 55% volume index 5.53 MFI 64.20 Unity buy 0% volume index 1.46 MFI 60.12 Upl buy

MARKET REVIEW FOR THE WEEK ENDED NOVEMBER 22, 2019

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Hello Investors and Traders, Ambrose Here Again, With the current status of the and glaring opportunities ahead of 2020, I have done a short video to guide you in the market. In the video, you will discover: 1. Gradual Recovery of the market 2. Why your accumulation should be fast. 3. The impact of the outcome of MPC meeting. 4. The positive impact of early budgetary system. 5. In 2020, the sectors you need to invest in. 6. What you stand to miss when don't attend the Invest 2020 summit on 7th December, 2019 @ Ostra Hall and Hotel, Alausa, Ikeja 7. Host of others Want to join the serious investors and Traders who are ready for 2020 Bull market, call NOW 08028164085,08032055467 to register for the INVEST 2020 Workshop. Timing is key so don't delay. Dedicated to Your Financial Success Ambrose Omordion https://youtu.be/lI_c0SA0mZY

Intraday Oscillation May Linger On Profit Taking, As Investors Await Outcome Of MPC Meeting

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Market Update for November 25, 2019 Nigeria’s stock market started off the last week of the month of November with a mixed session on Monday, the same day the Central Bank of Nigeria (CBN) began the final two-day meeting of its Monetary Policy Committee (MPC) for 2019.  The session was dominated by profit-taking and demand for stocks, continuing its bull-run on a low traded volume, just as sell position stood at 57%, with buy volume at 43% and Transaction Volume Index of 0.73. Buying interest in Consumer Goods stocks: Nestle, Cadbury and Dangote Sugar; as well as insurance stocks lifted the market’s benchmark All Share index during the session. We note that the new price methodology introduced not too long ago by the management of the Nigerian Stock Exchange (NSE) has boosted trading activities in stocks selling below N100 per share, especially the kobo equities requiring a small amount of money to move their prices. The situation has made stock in this class very vol

Nigeria’s 2019Q3 Capital Inflow Up 87.9%, Hits $5.36bn

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30 States Records zero Inflows, As Lagos Snaps 92.71% Nigeria’s National Bureau of Statistics (NBS), on Monday, published the country’s capital importation report for the third quarter ended September 30, which at $5.367bn, grew 87.9% year-on-year, over the $2.855bn reported in the corresponding period of 2018. The import level was however 7.7% less than the $5.82bn reported in the preceding quarter. At $2.999bn, portfolio investment was the largest amount of total capital importation by type received, accounting for 55.88%, representing 30.13% grew quarter-on-quarter, and 74.08%. It was followed by other investments amounting to $2.167bn, an increase of 66.2% quarter-on-quarter and 260.41% year-on-year; while foreign direct investment for the period aggregated $200.08m, representing 62.29% YoY, and 10.23% QoQ rise. A breakdown of the inflow by way of portfolio investment during the period under review showed that money market instruments pooled $2.549bn, an increase of 26.73

BUY AND SELL SIGNALg Philippi

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Hello Investors, The, buy & sell signal for this week have been posted on the membership site for you. Pls click on the long link for this week download. Furthermore, you need to login on the membership site before you can have access to it. Kindly click on the below link now to login with your username and password To Your Success Investdata Consulting. P.S. You need to act fast. You know time wait for now. http://investdataonline.com/buy-sell-signal/

Profit Taking Ahead, Amidst Month-end Window Dressing, Santa Claus Rally Market

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Update for The Week ended November 22 and Outlook for Nov 25-29 The benchmark All-Share index of the Nigerian Stock Exchange (NSE) rallied in the past week on sustained positive sentiments as demand for equity assets increased as a result of the lower rate and declining yields in the fixed income markets. This was due to the unconventional monetary policy adopted by the Central Bank of Nigeria (CBN) that helped to release liquidity to the nation’s private sector and drive economic growth. Despite the uptrend in stock prices, the two released economic data: the Consumer Price Index and the third-quarter GDP, had traces of mixed performance and weakness. While the CPI came in worse than expected at 11.61%, a spike up from 11.24% in September, Q3 GDP came stronger at 2.28%, as against the previous quarter’s 2.12%, which had been revised from the earlier stated 1.94%. The Q3 GDP growth was despite a slowdown in some sectors and uptick in others, just as inflation rate jumped fo

Investdata Weekly Sentiment Report

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NSEASI buy 87% sell 13% volume index 1.06 MFI 58.65 Access buy 75% sell 25% volume index 1.38 MFI 82.72 Afrprud buy 60% sell 40% volume index 0.71 MFI 75.41 Aiico buy 0% volume index 3.72 MFI 57.24 Caverton buy 💯 MFI 40.82 Ccnn buy 50% sell 50% MFI 67.38 Chams buy 💯 volume index 1.29 MFI 52.82 Chiplc buy 💯 MFI 45.02 Conoil buy 💯 volume index 1.38 MFI 22.40 Corner buy 💯 MFI 92.64 Cutix buy 💯 volume index 1.11 MFI 53.44 Dangcem buy 40% sell 60% volume index 1.50 MFI 25.78 Dangsugar buy 81% sell 19% volume index 5.89 MFI 78.97 Eti buy 25% sell 75% volume index 1.16 MFI 69.13 Fbnh buy 77% sell 23% volume index 2.18 MFI 76.59 Fcmb buy 73% sell 27% volume index 0.92 MFI 60.71 Fidelity buy 50% sell 50% volume index 1.44 MFI 74.76 Fmn buy 💯 MFI 80.27 Fo buy 💯 volume index 1.07 MFI 40.58 GT buy 62% sell 38% MFI 50.56 Honyflour buy 40% sell 60% volume index 2.35 MFI 80.15 Jaiz buy 0% volume index 0.76 MFI 99.17 JBerger buy 💯 volume index 0.74 MFI 36.91 Lasaco b

Investdata Price & Earnings Tracking For Week end November 22, 2019

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https://investdata.com.ng/2019/11/investdata-price-earnings-tracking-for-week-end-november-22-2019/#more

Devt Agenda Must Prioritise Jobs, Growth, Gender, For Africa’s Stability- Elumelu

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Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa Plc, Tony Elumelu, has challenged African leaders to prioritise youth employment, inclusive growth and gender diversity to promote the continent’s development agenda for peace and stability. Speaking at a high-level panel with President Macky Sall of Senegal, and Mohamed Ould Ghazouani, his Mauritanian counterpart, Elumelu stressed the urgency in tackling poverty, which remains the root cause of extremism in Africa. He urged all stakeholders – the private sector, government, and development partners to collaborate to win the war against poverty and insecurity, in addition to stemming “the migration of our young people crossing the Mediterranean through harsh conditions, in search of hope. “We know, and we say, that poverty anywhere is a threat to mankind everywhere. What manifests itself in what we call security breakdown or terrorism, or extremism is actually deeply rooted in poverty, in joblessn

FG Records N378.98bn Deficit In Oct, As Federally-Collected Revenue Down 28%

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Latest data by the Central Bank of Nigeria (CBN) showed that the fiscal operations of the Federal Government for the month of October suffered an estimated total deficit of N378.98bn, representing a significant 137.06% rise over the N159.87bn anticipated in the budget for the month. According to the CBN’s Economic Report for the month, gross federally-collected revenue fell to N894.09bn, 28.2% below the N1.246tr budget estimate for the period; and 0.9% less than the previous month’s revenue. The report attributed the decline, relative to the monthly budget estimate to (the) shortfall in both oil and non-oil revenue after oil receipts representing 64.6% of total stood at N577.3bn. It was below the monthly budget estimate of N798.83bn by 27.7%, even as it exceeded the N467.58bn earned in September by 23.5%. “The decrease in oil revenue relative to the monthly budget estimate was attributed to shut-ins and shut-downs at some NNPC (Nigerian National Petroleum Corporation) terminal

Consumers May Frontload Festive Purchases On Border Concerns

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Inflation accelerates at fastest pace in 36 months By CardinalStone Research, According to the National Bureau of Statistics (NBS), headline inflation rose by 36bps to a seventeen-month high of 11.61% YoY in October 2019. Driven by the paciest inflation acceleration in 36 months, the current reading is also ahead of both Bloomberg consensus of 11.20% YoY and our forecast of 11.40% YoY. Unsurprisingly, the surge in price level was driven by food inflation pressures (+58bps to 14.09% in October), which coincides with closures of key land borders across the country. We believe the pass-through from border closures muted the impact of an otherwise above-average main harvest and a 7bps moderation in core inflation to 8.88% YoY. Nigerians may endure more purchasing power erosion in the coming months. In our view, frontloaded festive demand may further bloat food prices and overall inflation reading in November and December. On this wise, the country may be set to witness another

NGSE Index Bows To Profit Taking Pressure, Inflation Fears, As Investors Realign Portfolios

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Market Update for November 18 Trading activities on the Nigerian Stock Exchange (NSE) on Monday bowed to the expected profit-taking pressure, capital wave and disappointing inflation report for October which rose to 17 months high at 11.61%, from September’s 11.24%. The rise in Consumer Price Index further dragged returns on Treasury Bills into negative territories, following which fixed income market yields are already threatened. This is due to the clash in fiscal and monetary policies arising from the impact of the three-month closure of Nigeria’s land borders to check smuggling. Although, the effects of the closure have not all been negative, given the drop in the country’s consumption of petroleum products. There is also inflationary impacts such as the heavy rainfall that affected farm produce, the increasing demand for goods in preparation for the festive season that is just weeks away, as well as the recent drop in money market rates that further pushed inflation up, as