Invest Data Consulting Ltd

Investdata Trading and Investing education train move to Abuja on April 14, 2018, at Chida International Hotel, Plot 224 Solomon Lar Way, Utako District. Abuja. Time is 10.00 am    Theme“ The Power of Fundamental and Technical Analysis In Protecting your Capital In Pre-Election Year and Beyond ”, holding on 14 th April, 2018.   What to learn from our team of experts/analysts at the workshop are: 1.       ABC of Technical Analysis for trading Equity Market and other 2.       The 3 Simple trading secrets that can help anyone succeed in equities investing   3.       The tenets of stock trading and investing Using TA 4.       Trading and investing strategies that will help you manage your risk, protect your capital and profit from market oscillation. 5.       Self-online trading. 6.       The...

Anheuser-Busch InBev (AB InBev), the world’s largest beer maker and parent company of Ilesa, Osun State, Nigeria based International Breweries Plc on Thursday said its new $250m brewery in Sagamu, Ogun State, is billed to commence production in the middle of this year. Head of its Africa operations, Ricardo Tadeu told Reuters that “for the long term, in five to 10 years, Africa will be an important growth driver for the global company.” He declined to give the plant’s production capacity, but said the company was upbeat about growth prospects in Africa’s most populous nation and elsewhere across the continent. “We have a clear strategy to keep a good level of growth in Africa based on developing our brands in different segments of the market,” he said, adding that growth in African countries, excluding South Africa, was a “healthy growth rate in the mid-teens”. The Belgium-based brewer said on Thursday it expected revenue and core profit (EBITDA) to grow strongly again in 201...

In what shows the compelling need to fast-track the diversification of Nigeria’s economy and free it from the vagaries of the oil sector, the 2017Q4 data for the Gross Domestic Product (GDP) revealed that the economy grew by 1.92%, from -1.73% and 1.4% in the 2017Q3, still driven by the sector, which contributes up to 75% of federally collected revenue. According to data released by the National Bureau of Statistics (NBS) on Tuesday, the Q4 numbers helped 2017 full-year GDP to a 0.83% growth, 2.42% better when compared to the 1.58% contraction in 2016. Real non-oil GDP growth for the year stood at 0.47%, as Q4 recorded 1.45%, up from 0.76% in the 2017Q3; while oil GDP for the period climbed by 4.79%, after soaring by 8.48% in 2017Q4, which was slower than the 25.89% achieved in the prior quarter. Reacting to the numbers, analysts at Cordros Capital noted that “the growth estimate came in 8 basis points and 34 bps lower than Bloomberg’s compiled average estimate of 2.0% and Cor...

Market Update for February 22 Nigeria’s stock market had a very positive Thursday to continue its volatility and followed up previous day’s recovery as more 2017 full year earnings reports are expected to roll in with dividend declaration that will support the seeming retracement in the market. It appears that the bears are gradually losing grip of the market to usher in an uptrend. The NSE index retraced up after touching its 50-Day Moving Average to trade above the 50 and 100-Day moving averages, price support, and trendlines. The rest of the day’s trading session was basking in positive sentiment as reflected in the market breadth, despite the low traded volume that signaled market expectation of these numbers. During the session also the index hit intraday highs of 42.292.85 from lows of 42,158.32 points and at the same time forming a symmetrical triangle chart pattern that supports continuation or trend reversal. The day ended near the session highs, which is a good close...

Market Update for February 21 Trading on the floor of the Nigerian Stock Exchange on Wednesday was volatile once more, closing flat, following through the previous session, just as it proof very resilient to remain above the 42,000 level, despite the mixed sentiments during the trading session. The NSE composite index was up pre-market, but opened higher, sustaining the momentum within the mid-morning to midday at 42,241.04 which was the day’s high, before rallying to resistance, pulled back and consolidated. It broke out in the morning and ran up into the last couple of hours when it consolidated, but held, and closed in the green column on improved volume traded but negative market breadth. The NSE All Share index was up 9.92 at 42,158.32, which was 96.34 points off its intraday high, even as the market struggled for direction with the changing pattern as observed so far. Investors and traders should therefore combine fundamentals of the market/companies and index/price ...

The Minister of Finance, Mrs. Kemi Adeosun, has challenged Treasury managers to ensure transparency and accountability in the management and control of the country’s public finance. Speaking at the second National Treasury Workshop in Tinapa, Cross River State, attended by Directors of Finance and Accounts in all Federal and State Governments’ Ministries, Departments and Agencies, Heads of Finance and Directors of Internal Audit and other stakeholders in national public finance management, the Minster called for a change in the mindset of Treasury managers to reform the basic polity. Adeosun, who was represented by the Director of Special Projects in the Federal Ministry of Finance, Dr. Mohammed K. Dikwa, said “the basic and fundamental approach to financial and economic reforms is to reform the basic polity. Reforms must be impacting and sustainable and should fit into the cultural ethos of Nigeria, among others. “There is the need to evolve a culture which is value-based. ...

Photo Caption: Securities and Exchange Commission, Ghana Representative, Rev. Daniel Tetteh, Chairman West African Securities Regulators Association, WASRA, Mory Soumahoro, Director General, SEC Nigeria, Dr. Abdul Zubair, Regional Council for Public Savings and Financial Markets (CREPMF) Ivory Coast, Harouna Onedraogo (CREPMF, Ivory Coast) and Director External Relations SEC Nigeria, Henry A. Rowlands during a meeting of WASRA in Morocco recently. Acting Director General, of Nigeria’s Securities Exchange Commission, Dr. Abdul Zubair, has challenges relevant regulators, operators and other stakeholders in West Africa’s securities market to adopt a cohesive collaboration. Speaking during the fourth Executive Council meeting in Rabat, Morocco on the sidelines of the 40th Annual meeting and conference of the African Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO) and the West African Securities Regulators Association (WASRA...

Photo Caption: From left, Godstime Iwenekhai, Head, Listing Regulation, The Nigerian Stock Exchange (NSE); Joseph Umolu, Company Secretary/Director, Legal Services; Oscar Onyema, Chief Executive Officer, NSE; John Coumantaros, Chairman, Flour Mills of Nigeria Plc; Paul Gbededo, Group Managing Director, Flour Mills of Nigeria Plc; Jacques Vauthier, Chief Finance Officer, Flour Mills of Nigeria Plc and Tony Ibeziako, Ag. Head, Listings Business Division, NSE during the Facts Behind the Issue presentation at the Exchange on Thursday, February 1, 2018. The management of Flour Mills of Nigeria Plc, on Thursday in Lagos assured the nation’s investment community that its ongoing N39.9bn rights issue by way of 1.476bn ordinary shares of 50 kobo each at N27 each, is part of efforts to reduce cost of servicing its commercial loans and retaining shareholder value. Specifically, the rights issue, which opened on January 15 and would close on February 21, 2018, is on the basis nine new shar...