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Fidelity Bank Plc recently presented an impressive 2019Q4 unaudited financials, arising from improved risk management which may support higher dividend payout, as will be confirmed by in the expected full-year audited scorecard. This is also noticeable in its 4.8% Non-Performing Loan ratio, which is below the 5% regulatory threshold and has been successfully brought down from 5.70% in the corresponding full-year of 2018. This is despite the increase in total loan book by 26%, as the bank’s 92% Loan to Deposit Rate, which is significantly above the Central Bank of Nigeria’s 65% benchmark, leading other banks in the industry. Fidelity Bank’s price action is currently trading 20-Day Moving Average on a daily and weekly time frame. The stock started its recent rally mid-September 2019 to remain above the 20-DMA, which placed it in a buy range of N1.79 to N2.22, on the expected full-year earnings report. There is a huge potential for banking stocks, and indeed, the nation’s stock ...

In the aftermath of the ongoing implementation of the Finance Act, 201, the Securities & Exchange Commission (SEC), on Thursday in Lagos, said it is holding a series of stakeholder engagements, for the good of the capital market and the country’s financial system. The commission specifically noted ongoing discussions with the Central Bank of Nigeria (CBN), the National Pension Commission (Pencom), among other regulators on such issues as margin lending, which is expected to boost market liquidity. Speaking at a parley with members of the Association of Issuing Houses of Nigeria (AIHN), Acting Executive Commissioner Operations, Isyaku Tilde, said the discussion is also in the aftermath of the Finance Act, 2019, recently signed into law by President Muhammadu Buhari, which provides tax incentives for securities lending. “The commission made input into the macro-economic policy and also held a budget seminar which determines how the capital market can play a role in fi...

In the aftermath of the ongoing implementation of the Finance Act, 201, the Securities & Exchange Commission (SEC), on Thursday in Lagos, said it is holding a series of stakeholder engagements, for the good of the capital market and the country’s financial system. The commission specifically noted ongoing discussions with the Central Bank of Nigeria (CBN), the National Pension Commission (Pencom), among other regulators on such issues as margin lending, which is expected to boost market liquidity. Speaking at a parley with members of the Association of Issuing Houses of Nigeria (AIHN), Acting Executive Commissioner Operations, Isyaku Tilde, said the discussion is also in the aftermath of the Finance Act, 2019, recently signed into law by President Muhammadu Buhari, which provides tax incentives for securities lending. “The commission made input into the macro-economic policy and also held a budget seminar which determines how the capital market can play a role in financing...

Market Update for February 26 Stocks sold off for the fourth day in a row extending market volatility and losses as the composite Nigerian Stock Exchange All-Share Index (NSEASI), almost losing all its year-to-date gains on continued selloffs and bearish sentiments amidst for the earnings reporting season and dividend announcements, closing lower on a low traded volume. The global markets suffered losses amounting to trillions of US$ arising from the Coronavirus outbreak now threatening the global economy already, dragging many advanced and emerging market indicators into the red on a year-to-date basis. The market has technically broken down the major support line of 27,033.10 basis points and the 27,000bps mark as dividend news, so far, has seemingly failed to bring respite to the prevailing negative sentiments. Investors are therefore expected to change their investment strategies and risk management framework with the current earnings season expected to last till April when...

Market Update for February 25 Once again, the composite All-Share index of the Nigerian Stock Exchange (NSE) extended its losing streak and negative sentiment on Tuesday, although with less intensity, closing lower, amidst the continued selling pressure among large-cap stocks. The index suffered the third straight negative session even as early filers continued to present their audited score-cards to the market. One such score-card was Africa Prudential Plc’s 2019 audited financials, with net earnings decreasing to N1.68 billion from N1.95 billion in 2018, just as the gross earnings were down to N3.90 billion in 2019 from N4.49 billion in 2018. The directors of the company has recommended a dividend of 70 kobo for its shareholders from an earnings per share of 84 kobo, which translates to a yield of 14.28% as of the released date (READ MORE). Technically, the NSE’s index action shows a market decline all these days, but now it is sitting on a key support level that might be a br...

NSEASI buy 64% sell 36% volume index 0.83 MFI 4.27 Afrprud buy 💯 volume index 1.13 MFI 69.76 Aiico buy 0% volume index 0.78 MFI 69.03 Courtville buy 💯 volume index 0.78 MFI 18.69 Eti buy 💯 MFI 7.84 Fbnh buy 33% sell 67% MFI 13.11 Fcmb buy 💯 MFI 82.56 Fidelity buy 💯 volume index 0.76 MFI 48.31 GT buy0% MFI 3.22 Honyflour buy 💯 volume index 1.36 MFI 47.45 Jaiz buy 0% MFI 25.71 Lasaco buy 💯 volume index 2.15 MFI 73.07 Sterling buy 38% sell 62% volume index 1.66 MFI 43.86 Transcorp buy 💯 volume index 1.37 MFI 15.71 Uacp buy 50% sell 50% volume index 4.54 MFI 66.68 Uba buy 79% sell 21% volume index 3.27 MFI 39.35 Ucap buy 11% sell 89% volume index 1.30 MFI 40.44 Wapic buy 0% volume index 1.81 MFI 32.11 Wema buy 0% volume index 2.90 MFI 19.92 Zenith buy 50% sell 50% volume index 0.73 MFI 39.56

Fidelity Bank Plc recently presented an impressive 2019Q4 unaudited financials, arising from improved risk management which may support higher dividend payout, as will be confirmed by in the expected full-year audited scorecard. This is also noticeable in its 4.8% Non-Performing Loan ratio, which is below the 5% regulatory threshold and has been successfully brought down from 5.70% in the corresponding full-year of 2018. This is despite the increase in total loan book by 26%, as the bank’s 92% Loan to Deposit Rate, which is significantly above the Central Bank of Nigeria’s 65% benchmark, leading other banks in the industry. Fidelity Bank’s price action is currently trading 20-Day Moving Average on a daily and weekly time frame. The stock started its recent rally mid-September 2019 to remain above the 20-DMA, which placed it in a buy range of N1.79 to N2.22, on the expected full-year earnings report. There is a huge potential for banking stocks, and indeed, the nation’s stock m...

Market Update for February 24 Indices on the Nigerian Stock Exchange (NSE) again took a deep drive on Monday to start the week on the back of serious negative sentiments, which wiped all that the composite index gained in January which ranked it among bourses with the best returns on investment for that month. The pullback occurred on a day Mrs. Zainab Shamsuna Ahmed, Nigeria’s Minister of Finance, Budget and National Planning visited the exchange to rub minds with capital market stakeholders, as investors continue to ponder on the impact of the Central Bank of Nigeria’s unconventional monetary policy initiatives. This is made worse by such global uncertainties as to the spread of the Coronavirus which is threatening economic outlook, oil price, insecurity and a lack of clear economic policy from the Nigerian government. Monday’s decline also coincided with the release of the country’s better-than-expected Gross Domestic Product, showing that the economy grew by 2.55% year-on-...

Hello Investors and Traders, A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN. As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision. Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making this week. So, click on the above video to watch now. However, to have a full understanding of the market, get the INVEST 2020 SUMMIT Home study pack. Everything has been done there. Call 08028164085, 08032055467 to place your order and get started. Ambrose Omordion.

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's download. Furthermore, you need to login to the membership site before you can have access to it. Kindly click on the below link now to login with your username and password However, if you have not joined the buying and selling signal membership, kindly indicate your interest so that one of our team members will call you immediately on how to get started immediately To Your Success Investdata Consulting. P.S. You need to act fast. You know the time to wait for no one. http://investdataonline.com/buy-sell-signal/

It's just crazy! I called my account officer in GTB to enquire about deposit rates and he confirmed that GTB is offering 1% interest rates on all fixed-term deposits up to 50m naira! Meanwhile, the same term deposit in a bank in Canada or the US can get one at least 2.5%. Nigerian Treasury bill (NTB) rates went down as low as 2.5%! I checked on Stanbic-Ibtc circular this morning and long term instrument - FGN Bond rates in the secondary market are down to almost 6%. I checked on the FGN bond primary auction results as of 19th February 2020 and the bid for the highest tenure bond is almost 600% higher than the allotted securities, which shows a lot of parties are scrambling to buy these securities with no success. This means many financial institutions have billions of Naira sitting idle! Meanwhile, the Nigerian inflation rate this morning is 12.13%... So if you have Naira sitting idle in a bank account or even in a fixed deposit, you are losing value as fast as B...

Market Update for February 20 The nation’s stock market, on Thursday, resisted further decline as its composite All-Share index closed marginally higher, halting five consecutive sessions of losses on a higher traded volume that signals an improving buying interest and in hope of the major earnings reports. During the session also, selling pressure and profit-taking subsided as the market enters into the 2019 financial year dividend declaration season. Despite, the mixed sentiments and losses suffered by the NSEASI since the last Monetary Policy Committee meeting of the Central Bank of Nigeria owing to the upward adjustment in the Cash Reserve Requirement to 27.50% from 22.50%. This deflated the rally recorded at the beginning of the year as funds flowed from equity assets, even as the release of Q4 unaudited numbers which were mixed, in the midst of different regulations removed the speculative tendencies that this period of the year is known for. The changing wave and thinki...

NSEASI buy 26% sell 74% volume index 1.18 MFI 59.23 Abc buy 💯 volume index 1.68 MFI 30.76 Access buy 0% MFI 48.85 Afrprud buy 66% sell 34% volume index 7.92 MFI 72.21 Aiico buy 75% sell 25% volume index 2.01 MFI 71.62 Caverton buy 💯 volume index 5.81 MFI 65.18 Chams buy 0% MFI 46.33 Chiplc buy 0% MFI 23.92 Corner buy 0% MFI 53.14 Courtville buy 💯 MFI 45.94 Custodian buy 33% sell 67% volume index 0.74 MFI 34.59 Cutix buy 💯 MFI 81.37 Dangsugar buy 0% MFI 78.14 Eterna buy 💯 volume index 1.03 MFI 18.19 Eti buy 0% MFI 28.02 Fbnh buy 38% sell 62% volume index 1.12 MFI 44.91 Fcmb buy 💯 volume index 1.48 MFI 54.39 Fidelity buy 80% sell 20% MFI 57.26 Fidson buy 96% sell 4% volume index 7.87 MFI 15.19 Fmn buy 💯 volume index 4.31 MFI 65.26 Fo buy 0% MFI 61.02 Glaxo buy 💯 MFI 17.89 GT buy 15% sell 85% volume index 1.50 MFI 58.28 Honyflour buy 0% MFI 71.75 Jaiz buy 75% sell 25% MFI 52.58 Japaul buy 0% volume index 3.64 MFI 46.33 Jberger buy 💯 volume index 1.1...

NSEASI buy 84% sell 16% volume index 1.69 MFI 4.39 Access buy 0% MFI 36.47 Afrprud buy 29% sell 71% volume index 8.79 MFI 78.81 Aiico buy 💯 volume index 1.31 MFI 88.42 Chams buy 💯 volume index 0.75 MFI 42.42 Cileasing buy 💯 volume index 3.65 MFI 39.00 Fbnh buy 50% sell 50% volume index 1.77 MFI 26.29 Fcmb buy 💯 volume index 0.96 MFI 72.49 Fidelity buy 33% sell 67% MFI 43.70 Fmn buy 💯 MFI 85.23 GT buy 29% sell 71% volume index 2.18 MFI 5.40 Jaiz buy 0% volume index 1.14 MFI 37.01 Linkass buy 0% volume index 3.74 MFI 24.85 Nahco buy 💯 volume index 2.50 MFI 24.10 Oando buy 0% volume index 1.01 MFI 36.74 Sterling buy 0% MFI 33.00 Transcorp buy 0% MFI 28.84 Uba buy 33% sell 67% volume index 1.40 MFI 41.04 Wapco buy 0% MFI 48.64 Wema buy 0% MFI 35.00 Zenith buy 25% sell 75% volume index 0.92 MFI 42.32

Market Update for the Week Ended February 21 and Outlook for Feb 24-28 Trading on the Nigerian Stock Exchange last week was dominated by mixed sentiment, as selloffs continued among highly capitalized stocks on negative economic news as the inflation rate in the country soared higher, amidst the heightening insecurity, among others. In the past four consecutive weeks of decline, the market has almost given up all it gained in the first three trading weeks of January after the Central Bank of Nigeria’s Monetary Policy Committee deflated the new year rally by raising Cash Reserve Ratio for the banks by 500 basis points from 22.5% to 27.5%. This triggered an increased outflow of funds from the stock market at a time published unaudited Q4 numbers of listed companies were mixed in performance, dampening investor confidence to the extent that the few audited accounts so far from early filers like Nigerian Breweries, United Capital and Zenith Bank are yet to elicit positive sentiments....

Zenith Bank Plc presented its 2019 full-year audited financials through the Nigerian Stock Exchange last week in line with the post-listing requirement of the Nigerian Stock Exchange, as well as global best practice in good corporate governance practice. The timely presentation is expected to allow investors and traders to plan and take investment decisions about the future performance of the bank. Comparatively, the earnings report came slightly late, when compared to the presentation date of the 2018 numbers. We observe that the bank has maintained its tradition of improving its earnings capacity over the last two decades, a situation that has supported its high dividend payout and share price. This is notwithstanding the marginal 1.1% rise in the cost of risk, owing to the bank’s aggressive approach to lending, given that loans and advances improved by 26.46%, while effective cost and risk management helped the bank to further reduce its non-performing loan ratio. Zenith Bank’...

    Gettyimages I have been posting a lot about my Invest 2020 Summit Homestudy pack but I have not heard anything from you. Sincerely, I know the reason why you have not taken any action yet although it may not be in detail, however, it is the foundation of all excuses and reasons for not taking action. It is simply Fear-for ages, It is a deadly enemy that prevented a larger populace from achieving their goals whether you admit it or not; I know what I am saying. Let's drill down further. Your fear includes: 1. Fear of Knowledge acquisition: you are afraid to acquire more knowledge because the ones you have acquired in the past became obsolete without taking any action. 2. Fear of taking Risk: you are also afraid of taking risks despite the fact that all risk has been taken away through my membership site. In addition, you must have lost money before in the stock market which I did too. However, I never gave up. I must confess that your fear is not your fault. ...

Market Update for February 19 Nigerian stocks again declined at the midweek as players eagerly await more earnings reports and dividend news, especially from the large companies for a reversal of the lingering downtrend and mixed sentiments. Such announcements, if positive as expectedly, would likely propel the inflow of funds into equity assets at time inflation continues to ravage returns on investment in money market and short term fixed income instruments. This is particularly true of Federal Government bonds with yield now below its five-year low, with 91, 182 and 354-day Treasury Bills and FGN Bond primary market rates at 3%, 4%, and 6.54% respectively. Also, the five, 10 and 30-year bond yields are priced at 9.85%, 11.13%, and 12.56%. United Capital Plc has given some ray of hope to investors, going by its recently released full-year earnings with 50 kobo dividend that translated to a yield of 17.06% as of the released date, a situation that attracted some inflows to the ...