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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...

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 med...

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/

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...

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...

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...

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 sti...

Investdata Consulting Ltd will hold another edition of its mid-year comprehensive stock trading and investing seminar on Saturday, July 28, 2018 in at the Ostra Hall & Hotels, opposite the NNPC Gas Plant, Alausa, Ikeja, Lagos. At the seminar with the theme: Comprehensive Stock Trading & Investing Toolkit for Rest of 2018, our team of experts: Baba Ibrahim, CEO, Mainstreet Securities Ltd; Abdul-Rasheed Oshoma Momoh, Head, Capital Market/Trading, TRW Stockbrokers Ltd; Tunde Jeaniogbe CEO, Tradeline Dotbiz and Ambrose Omordion CRO Investdata Consulting Ltd, will review dynamics of the Nigerian economy, the stock market’s performance so far and the factors influencing the behavioral pattern. Participants will also learn strategies that will help minimized losses, protect capital and trade profitably, considering the low valuation that is system-induced and will fade away with time. The event will also review the geopolitical environment, which is far more important for an...

Whether financial technology (fintech) is a threat to the banking sector or not, one obvious fact is that Nigerian Internet startups that deliver financial services are getting more attention as well as funding opportunities from both local and foreign investors. It’s probably the year of fintech in Nigeria. SureRemit — a Nigerian cash remittance startup — earlier in the year raised $7 million in an initial coin offering (ICO). Worthy of note is that CowryWise — one of the fintech startups featured in the Nigerian Startup Funding Report for Q2, 2018 — was recently accepted into Y Combinator for the Summer 2018 Batch. Of the 42 startups that got one form of funding or the other in Q2 2018, 12 are providing financial services. And of the top funding in terms of value, financial services had two entries while logistics, media and services got one entry each. Also, 75% of the funding in value for the quarter went to financial service providers, an indication that investors ar...

Market activities on stock market oscillate in four or five distinct phases namely the accumulation phase, the mark-up phase, the greed/late majority phase, the distribution phase and the mark-down/declining phase. Today, we shall be discussing the accumulation phase which is the first among all. Accumulation phase is a phase when the experienced traders and investors begin to buy having seen the market has bottomed or the worst is over. Meanwhile, the general market sentiment is still bearish and those who were long in their position feel disgusted or impatient holding the stocks by selling them. Prices flatten in this phase and for every seller throwing in the towel, someone is there to pick it up at a discount.  Accumulation phase often falls into the end of a downtrend where ordinary investors believe that more bearishness is likely and their overall outlook is pessimistic. Eventually market sentiment begins to switch from negative to neutral thereby locki...

Just how dominant a business tool was social media in 2017? Despite being involved in an investigation by Congress, Facebook reported its highest earnings ever in Q3, up nearly 50% from a year ago. Its mobile ads are so popular that the platform is actually starting to run out of space for them, even though they’re charging more than ever. Meanwhile, the network eclipsed the 2-billion-user mark, now counting nearly one-third of the planet among its user base.    Behind these numbers is a growing realization among businesses that social media is the single most effective way to reach audiences, with teens (i.e. tomorrow’s consumers) now spending up to nine hours a day on social platforms. An insatiable appetite for video among users, paired with better technology for making, posting and targeting social updates, sees companies now spending more money on social and digital ads than on TV advertising.      These trends show little sign of slowing up in 2018...

GOOGLE FOR NIGERIA Calling on all Creators, Innovators & Business Owners! Register for the 2018 #GoogleForNigeria Event To them, this means a great experience no matter the device, removing frictions to access and uplifting and changing lives through the power of technology. Google for Nigeria brings together their users, partners, stakeholders, and friends and is an opportunity for them to highlight their commitment to the next billion users and the first look at new products and investments for the region The event is set to take place from July 26, 2018, 12:00 – July 27, 2018, 18:00 at the Landmark Event Center, Lagos. To register.. click on the web link below. https://events.withgoogle.com/google-for-nigeria-2018/

The International Monetary Fund (IMF), says Nigeria’s economy could grow by a robust 2.1% this year, up from 0.8% in 2017, before notching higher by 2019 when it is projected to rise by 2.3%, on the back of recovery in oil prices and stable oil output arising from sustained peace in the nation’s once volatile Niger Delta region. The 2018 forecast is an improvement from the 1.9% growth estimated in April, amidst its recovery from its worst recession in over two decades. “The upgraded forecast reflects improved prospects for Nigeria’s economy. Its growth is set to increase from 0.8% in 2017 to 2.1% in 2018,” the IMF said. This growth by Nigeria, just as that of South Africa could see Africa’s economy expanding by as much as 3.8% by 2019, according to the IMF’s World Economic Outlook update released Monday, up from 3.7%. “The recovery in sub-Saharan Africa is set to continue, supported by the rise in commodity prices. For the region, growth is expected to increase from 2.8% in ...

Defensive investing means investing in strategy that will minimize loss of capital in a portfolio. The primary objective of defensive investment strategy is the preservation of capital. A defensive investment strategy involves regular portfolio rebalancing to maintain the desired asset allocation. There are a number of defensive strategies an investor or portfolio manager can employ to mitigate against losses such as investing in infrastructure funds like that of FG sukkuk bonds, treasury bills, blue chip stocks and stable values such as gold, platinum and silver. Investor will be protected against significant losses from major market downturns by buying defensive stocks, engaging in short term treasury bills, trading across countries, placing stop loss order and holding cash especially in down market and finally spreading the entire portfolio across a number of industries to reduce risk through diversification. Investdata Academy