ACANDAV INTERNATIONAL COMPANY

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 stick t

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 locking t