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Profit Taking Ahead, As Investors Await Results Of Interim Dividend Stocks

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Market Update for the Week Ended August 7 And Outlook for August 10-14 Trading activities on the Nigerian Stock Exchange last week remained on the recovery path, extending the three consecutive weeks of bull-run and strong buying sentiments propelled by corporate earnings that beat investors’ expectations. This was despite the array of mixed numbers, rising cases of Coronavirus infection in the country, economy uncertainties and policies mismatch by the government. In the past week also, the Federal Government announced a hike in the price of Premium Motor Spirit (or petrol), in line with its decision to remove subsidy on the product, owing to incidences high level corruption, bringing the pump price to between N148.50 and N150 per litre, a factor that would further push up the cost of living and inflation. The better-than-expected half-year earnings reports submitted by many blue-chip companies and attractive valuation of equity assets in the prevailing low interest and yield environm
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Ondo state government has reaffirmed its commitment to providing support for its residents as it partnered Facebook through its partners, 360 media to organize a capacity building training on digital marketing for Micro, Small and Medium Enterprises (MSME) owners in the state. At the training on “Social Media Marketing” held on Tuesday in Akure, the Ondo state capital,participants, mostly youths were trained on the advantages of internet marketing through the social media to grow their businesses and achieve their dreams. A Senior Special Assistant (SSA) to governor Oluwarotimi Akeredolu on innovation and partnership, Joel Ogunsola said the government decided to partner Facebook in order to provide small and medium entrepreneurs in the state the opportunity to expand their customer reach by projecting their message on global platforms like Facebook, thereby promoting exposure. According  to him,” We decided to organize the programme to develop micro, small and medium
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Did you know with N5000, You can register your business name with CAC?

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The Corporate Affairs Commission has recently extended the deadline registration for accessing its discounted business registration for 2019. Extension of the 50% reduction in the cost of the registration fee for business names window by 90 days effective 13th May, to 13th August 2019. This is exciting news for small business owners that have not registered their company to take advantage of this so that such a company can get recognized by the government and have access to Biding contract, grant and tax-related services to facilitate business contracts with government and corporate organizations, This is going to attract a N500 service charge for name search and reservation. The total cost for business registration amounting to N5,500.  For more information, Visit the Official Website of the Corporate Affairs Commission. http://new.cac.gov.ng/home/public-notice-extension-50-reduction-cost-registration-fee-business-names-window-90-days/
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Status Quo At MPC Sign That Not Much Achieved In 2 Years

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By Idialu Odegua Judith, judyodegua@yahoo.com The Central Bank of Nigeria (CBN), on Tuesday concluded its Monetary Policy Committee (MPC) meeting in Abuja and for the 12th consecutive time in two years, all the benchmark Monetary Policy Rate was retained. While there are noticeable improvements in economic indices, the continued maintenance of the status quo in rates leaves much to be desired than achieved in the period. Specifically, MPR was left at 14%; Cash Reserves Ratio (CRR), 22.5%; Liquidity Ratio, 30%, while the Asymmetric Corridor around the MPR stands at +200/-500 basis points. The major challenge within the period were how to counter risks of inflation, attract foreign investments and maintain exchange rate stability. Bond Meanwhile, trades at the nation’s Bond market closed on a flat note as investors awaited results of the day’s Bond auction, as it was expected to influence movement in yields in the OTC market. However, the Results from the bond auction show
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THE MARK-UP PHASE

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This is the phase that follows the accumulation phase. One of the ways to know this phase is becoming evident is to see a stock or sector that has "broken out " of its neutral range. Right from here an obvious increase in volume should be seen. At this point, most institutional investors and individual investors who are aware of this early trend jump on board bringing along a significant buying power. Another way of knowing this trend is here, is to start seeing stock setting a higher lows and a higher highs, gaining volume and frequently testing key levels of resistance as it essentially marking the end of the battle between the bulls and the bears, with the bulls prevailing. At this point, the previously dull stock becomes attractive to all investors looking to profit from the upward momentum. Towards the end of the mark-up phase, a full market participation will be seen whereby everyone will likely to have made an investment. This paves the way for the next wave. Inve
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How Enterprises Are Adopting Social Selling

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These days, it is no longer enough to argue that enterprise companies are too big to bother with social media. Remember this Sales 101 basic: be where your market is. Right now, they are online. The numbers are daunting. Of the 7.3 billion global population as of July 2015, more than 3 billion use the internet. Of these, more than two thirds are on social media. Facebook has more than 1.7 billion users; LinkedIn has 450 million. Plus, more than 90 percent of brands are on at least two social media platforms. It’s not just the wide use of social media that drives companies to explore social selling possibilities. According to a May 2017 Forrester Consulting survey (done for Hootsuite), there is a general discontent with how typical salespeople conduct selling. A majority of the respondents believe that salespeople come to the table with an agenda, regardless of its fit as the solution to the customer’s problems. The internet – and to a good degree, social media – empowers buye
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How AI, Machine Learning and Automation will Impact Business in 2018 and Beyond

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We are living in exciting and innovative times with futuristic technology literally at our fingertips. But for the longest time, small to medium sized businesses were not serviced by the latest tech trends enterprises have been able to benefit from. That is, until now. In this article, we’ll explore these technology trends and how they will impact business in 2018 and beyond. So, what kind of things can this ‘smart’ tech do? Just 4 months ago, an AI machine managed to complete a University level math exam 12 times faster than it normally takes the average human.  How? Through the art of machine learning; where computers learn and adapt through experience without explicitly being programmed. Furthermore, Facebook made headlines earlier this year when their chatbots created their own language. Some Fake News stories say that the engineer’s pulled the plug in a panic after they were getting too smart. However, the truth is that for Facebook’s purposes the chatbots needed to stick t
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