₦airaland Forum

Drive Industrialisation, Create Wealth, Elumelu Urges African Leaders, Others


Tony Elumelu, Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and United Bank for Africa Group, on Sunday urged African, Caribbean and Pacific (ACP) Heads of State to drive industrialization and wealth creation in their countries.

In a keynote speech on the theme “Industrialization and Private Sector Engagement for Economic Transformation of ACP States” at the Presidential Dialogue of the 9th ACP Business Summit in Nairobi, Kenya, Elumelu said in this way they would improve their operating environments.

Industrialisation, he noted, will not be achieved without support for small and medium scale enterprises (SMEs) and improved access to electricity.

“We cannot hope to industrialize if we do not fix the issue of power if our entrepreneurs spend so much of their resources to power their businesses, how then are they expected to make the investments necessary to upgrade and industrialize? If we do not tackle these pertinent issues, we will be unable to achieve industrialization, wealth creation and poverty reduction,” he said.

He highlighted infrastructure development as a critical area for achieving sustainable development, highlighting the key role the United Bank for Africa Group plays in achieving this.

“UBA is a force for development in Africa through infrastructure investment and leading the way in cross border payments and services, with the objective of encouraging trade across the continent,” he said.

While citing the impact of the flagship Entrepreneurship Programme of the Tony Elumelu Foundation, Elumelu highlighted the critical role partnership between the private and public sectors, as well as developmental organisations, play in achieving industrialization.

The TEF, the private-sector-led philanthropy, according to a statement, is on a mission to catalyse the economic transformation of the continent by empowering young African entrepreneurs – over 7,500 beneficiaries across 54 African countries thus far – through its Entrepreneurship Programme.

Elumelu shared stories of beneficiaries in Kenya, including Dr. Peter Gichuhi Mwethera, who has developed a contraceptive gel, Uniprin, aimed at preventing HIV infection; and Maureen Amakabane whose ‘Usafi Sanitation’, is bridging the sanitation gap in schools by providing waterless toilets.

According to him, “to date, we have 497 beneficiaries in Kenya, 596 in Uganda, 187 in Tanzania and 194 in Rwanda. This brings the total number of TEF Entrepreneurs in East Africa, so far, to 1,474.”

Organisations such as the UNDP, African Development Bank, the International Committee of Red Cross, and GIZ, he continued, “have helped increase the number of young entrepreneurs we can support “.

Also speaking at the event, President Uhuru Kenyatta of Kenya, agreed with the approach to development, highlighting his country’s private-sector-focused plan which has propelled the country’s ease of doing business rank from 129th position out of 190 economies in 2013 to the 56th position in 2019.

The youth of Kenya, President Kenyatta said “are tech-savvy and indeed with a huge entrepreneurial spirit. They are ready to embrace the digital revolution. We are experiencing a flourishing digital innovation ecosystem which can stimulate the rate of growth of ICT and technology innovations, and nurture vibrant tech startups and incubator hubs as Tony [Elumelu] has mentioned, of those young men and women he has supported through his family and Foundation”.

In closing, Elumelu stressed the importance of including women in the development agenda of the ACP region, commending the European Investment Bank (EIB), for its initiative “She Invest”, which is focused on mobilizing €1bn for women across Africa.

TEF, he stressed, strives “to reach the same goals of uplifting women out of poverty and empowering them with knowledge and resources. This is an invitation to join forces as we have done with the UNDP to lift 100,000 young African boys and girls out of poverty, thereby stemming migration challenges.”

Photo caption: President Uhuru Kenyatta of Kenya listening, as Tony Elumelu, Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and UBA Group presented his keynote speech at the 9th ACP Business Summit in Kenya on December 8, 2019.

https://investdata.com.ng/2019/12/drive-industrialisation-create-wealth-elumelu-urges-african-leaders-others/

Mixed Performance Ahead As Local Fund Managers Position In Undervalued Equities


Update for The Week ended December 6 and Outlook for Dec 9-13

Although the month of December has a reputation of being bullish, it is often an irregular ride. This has been proven again, with trading for the first week, which ended Friday, closed lower on profit-taking and the growing spate indecision among players as the remaining OMO bills and other fixed-income instruments near maturity, with no option of reinvestment. This is due to the recent directive of the Central Bank of Nigeria (CBN) to luck out non-bank domestic investors from the window.

Investdata notes that for as long as the Nigerian Stock Exchange (NSE) stays above the last support level, recovery is likely to continue, due to the relatively low rates in the money market segment with liquidity level expected to improve as the CBN implements its directive on the 65% loan to deposits ratio for banks in the country by December 31. Another factor that may work in the favour of the equity market is the planned early passage and expected Presidential assent to Nigeria’s 2019 budget, just as government revenue would likely rise, going by plans to raise Value Added Tax rate to by 50% to 7.5%, while increasing the tax next, among other efforts to reduce budget deficit.

What is certain is that the economy remains at a crossroads and may flip either positive or negative.

December can also set patterns that would help define big trend trades that would start in January, as discussed at Investdata’s Invest 2020 traders & investors summit held at the weekend in Lagos. Participants learned from experts, among others, how to remain consistently profitable, whether you are a discretionary trader or investor.

Stocks are likely to complete the “V” shape recovery that started in November, due to the fact that this season is the year-end, even as the probability of the market experiencing the Santa-Claus rally this time around now looks slim.

We are of the opinion that the last trading week of the year could record some positive moves, but we maintain that investors should play dividend stocks for medium-term profit, while traders should maintain trades on low priced equities. This will enable timely and frequent capital appreciation as the trading pattern of the NSE index differs from those of many individual stocks as reveal by prevailing price action and index movement.

The global stock markets had a mixed performance during the week under consideration, despite the seemingly positive economic outlook for the rest of this year and 2020, with China posting its first expansion in PMI over the past seven months. This was due to the suspension of new tariffs imposition by China and the U.S. since the resumption of the trade talks in October 2019. This had left the stock market volatile throughout the week but rebounded at midweek on economic news.

Movement Of NSE ASI

Back home, the NSE had a low momentum with profit-taking and mixed sentiments dominating the week’s transactions as ‘buy’ interests among traders and investors were down as reflected on the low traded volume during the period, to halt the four weeks of bull-run in a bear market. The NSE All-Share index opened for the week at 27,002.15 basis points, losing 0.54%, after closing at 26,855.52bps, after touching an intra-week low of 26,746.03bps, on weak demand for high cap and dividend-paying stocks over the period, as kobo stocks remain the toast of traders.

Low and medium cap stocks dominated the top gainer table for the week as profit-taking hit highly capitalized stocks, with players selling down blue-chip equities for profit ahead of the expected year-end rally.

More stocks closed lower, following a capital wave in the local financial market, even as market breadth closed negative, and decliners outnumbered advancers in the ratio of 35:19. The momentum behind last week’s slowdown was evident in the Money Flow Index that read 52.94bps, compared to 61.72bps in the previous week, indicating that funds left some stocks and the market at large.

The week’s trading pattern showed that smart money is accumulating in this low supply before the anticipated markup as the prevailing low prices in the manufacturing sector triggered ‘buy’ interests in the industry. This was due to the impact of lower rates, resulting in reduced cost of funds and the consequent boost in demand, which is expected to create more employment opportunities. Also, the Investdata Sentiment Report for the week revealed a strong buying pressure, with ‘buy’ volume at 38%, and ‘sell’ position of 62%, on a transaction volume index of 0.73.

NSEASI Weekly Time Frame

The slow momentum behind the current pullback of the NSE Index suggests indecision in a bearish channel as revealed by the chart above. However, the reversal of this trend is a function of market forces, depending also on the November inflation reports, and the continued flow of funds into undervalued stocks. The daily and weekly candlestick patterns signal short-term reversal, being the a week, ahead of the Santa Claus rally and end of year window dressing by fund managers and quoted companies.

On a weekly and daily time frame, MACD has turned bullish as the composite NSE index sustained an uptrend signaling the possibility of recovery as demand for stocks continues to look up in the midst of profit-taking. The recent economic data should strengthen investor confidence on the back of the recovery seen in the economy as demonstrated by the latest GDP data, as well as buying interest in stocks observed during the week under review.

The NSEASI, on a weekly time frame, tested the 20-Day Moving Average as it is set to breakout or pullback, while on the daily time frame; the index had broken out the 50-Day Moving Average on divergence in the index action and volume traded. It also signals a high possibility of reversal any moment from now on profit booking. The Relative Strength Index read 39.77, indicating strength, despite being in the oversold region. However, money flow is reading 57.46 points and looking up, on the weekly chart.

Bearish Sectoral Indices

The week’s sectorial performance indexes closed largely bearish, except for the NSE Consumer goods that closed higher by 1.71%, while the NSE Industrial Goods Index led the decliners, after losing 1.27%, followed by the NSE Banking with 1.16% and ahead of the NSE Insurance and Oil/Gas that shed 0.87% and 0.43% respectively.

Market activities, in terms of volume and value for the week, were down by 41.73%% and 14.07% respectively, as 952.7m shares worth N12.77bn changed hands as against the previous week’s 1.61bn units valued at N13.17bn. The week’s transaction volume was driven by heavy trading in FCMB, Access Bank and Zenith Bank. Also, during the week, International Brewery primary market activities opened by way of right issue at N9.00 per share.

The best-performing stocks for the period were Royal Exchange Insurance and Unilever, which topped the advancers’ chart, after gaining 17.39% each, to close at N0.27 and N18.90 per share on market forces and sentiments. On the flip side, Cornerstone Insurance and Medview Airline lost 20.25% and 10% respectively, closing at N0.63 and N1.62, on profit-taking and selloffs.

Market Outlook

We expect mixed performance in the new week, on profit-taking, capital wave and expecting local fund managers to extend their position in undervalued equities with sound fundamentals, as

https://investdata.com.ng/2019/12/mixed-performance-ahead-as-local-fund-managers-position-in-undervalued-equities/

Corporate Actions As Of Friday, December 6, 2019

https://investdata.com.ng/2019/12/corporate-actions-as-of-friday-december-6-2019/

Investdata Price & Earnings Tracking For Week Ended December 6, 2019

https://investdata.com.ng/2019/12/investdata-price-earnings-tracking-for-week-ended-december-6-2019/

Happy Holidays!

As you spend this special moment with your loved ones and friends, we at Investdata Ltd appreciate your support and continuous patronage of our various services and wish you success in your endeavors; we will continue to plan, forecast and organize professional training towards accomplishing your financial goals unto greater height in 2020.

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Investdata Daily Sentiment Report as of December 7, 2019

NSEASI buy 41% sell 59% MFI 47.96
Access buy 0% volume index 0.76 MFI 43.75
Afrprud buy � volume index 1.04 MFI 60.05
Corner buy 0% volume index 1.39 MFI 22.99
Cutix buy � volume index 2.78 MFI 75.52
Dangsugar buy � volume index 1.10 MFI 80.66
Fbnh buy 0% volume index 1.57 MFI 56.41
Fcmb buy 0% MFI 16.70
Fidelity buy 0% MFI 47.02
GT buy 40% sell 60% volume index 1.58 MFI 68.22
Honyflour buy 0% volume index 0.78 MFI 63.37
Jaiz buy 0% MFI 43.10
Oando buy 0% volume index 1.03 MFI 53.29
Sterling buy 0% volume index 0.96 MFI 37.55
Transcorp buy 0% MFI 27.20
Uacn buy 75% sell 25% volume index 3.22 MFI 68.85
Uba buy 33% sell 67% MFI 40.31
Ucap buy � MFI 52.75
Wapic buy 0% volume index 0.98 MFI 82.39
Wema buy 0% MFI 38.82
Zenith buy 33% sell 67% MFI 41.14

https://investdataltd..com/2019/12/investdata-daily-sentiment-report-as-of.html

Slowdown In NGSE Decline, Amidst Indecision, But Focus Remains On Dividend Paying, Value Stocks


Market Update for December 4

The nation’s stock market at midweek continued its decline but at a slower pace, while mixed sentiments continued to prevail as market players traded cautiously, despite the rates and yields’ crash across other investment windows, as well as the expected seasonal market moves this December.

The declining transaction volume signals the wait-and-see attitude of smart traders using this opportunity to accumulate some stocks ahead of the seasonal rally associated with year-end.

Indeed, the market is still out of its bearish zone despite the three sessions of profit booking and the trading volume pattern displayed so far. The NSE Index’s movement pattern since the introduction of the new pricing methodology by the management of the Nigerian Stock Exchange differs from some sectorial indexes and individual stocks. The price movement of some stocks that are creating wealth for traders may not, as such, reflect on the index due to the insignificant impact of these equities, as a result, their low prices. The price movement of blue-chip and dividend-paying stocks is a function of the level of liquidity available to the market, while a small amount of money can move the kobo stocks.

Wednesday’s trading opened on the downside, wobbling between the mid-morning and afternoon on buying interests sell down in others, which dragged the benchmark index to an intraday low of 26,918.12 basis points, from its high of 26,956.43bps. Thereafter, it rebounded slightly to close the day lower at 26,934.58bps on positive market breadth.

Market technicals for the session were weak and mixed as volume traded came lower than the previous day, with breadth favouring the bull, just as there were mixed sentiments predominantly as revealed by Investdata’s sentiment report of a 53% ‘buy’ volume and 47% sell position. The day’s total transaction volume index stood at 0.36, with a slowdown in the momentum behind the day’s performance as Money Flow Index read 57.52 points, from the previous 62.77bps. This is an indication that funds left some stocks and the market, despite the low traded volume.

Index and Market Caps

The All-Share Index, at the close of midweek trading, shed a marginal 5.74bps, closing at 26,938.58bps from its 26,944.32bps opening, representing a 0.02% drop, just as market capitalization lost N2.78bn at N13tr, from the opening value, which also represented a 0.02% value loss.

Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of most revered traders and investors in corporate Nigeria to our watchlist. These stocks are with double potentials.

To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current market situation ahead of year-end seasonality and full-year earnings reports portfolio reshuffling and repositioning as we await an economic roadmap from the government advisory team to stimulate and re-track the economy again.

Midweek’s downturn was driven by market forces and profit-taking in stocks like Guaranty Trust Bank, Zenith Bank, Okomu Oil, UBA, Wema Bank, FCMB, Honeywell, Oando and Transcop, which impacted mildly on the NSE’s Year-to-Date loss, increasing it to 14.29%. Market capitalization gain for the period dropped to N1.21tr, representing a 10.93% growth from the year’s opening value of N11.72tr.

Mixed Sector Indices

The sectoral performance indices were largely bullish, except for the NSE Banking and Oil/Gas indexes that closed 0.45% and 0.24% lower respectively, while NSE Insurance led the advancers after gaining 0.77%. It was followed by Industrial and Consumer Goods indexes, which were up by 0.34% and 0.15% each.

Market breadth turned positive as advancers outnumbered decliners in the ratio of 16:13, while market activities dropped in volume and value by 40.27% and 62.64% respectively to 112.89m shares worth N1.08bn from the previous day’s 189.01m units valued at N2.88bn. This volume was boosted by transactions in Zenith Bank, FCMB, UBA, Fidelity Bank and Guaranty Trust Bank.

Japaul Oil and May & Baker were the best-performing stocks for the day as they topped the advancers table, chalking 10% and 9.74% respectively to close at N0.22 and N2.14 each respectively, on the back of market forces. On the flip side, Sterling Bank and Chams lost 6.34% and 5.72% respectively, closing at N1.92 and N0.33 on profit-taking and market forces

Market Outlook

We expect this mixed performance to continue at these early days of December, given the profit-taking and level of indecision among market players ahead of the usual Santa Claus and year-end rally as capital flow and repositioning in value stocks will persist. There is also the changing sentiment in the expectation of improved liquidity and positive economic indices. At the maturity of OMO investment, more funds will be available as CBN has restricted players to foreign investors and the local banks.

Again, the current undervalued state of the market offers investors opportunities to position for short and medium-to-long-term views. We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down to usher in 2020.

Also, traders and investors need to change their trading strategies due to NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future.

https://investdata.com.ng/2019/12/slowdown-in-ngse-decline-amidst-indecision-but-focus-remains-on-dividend-paying-value-stocks/#more

Is Nigeria’s Stock Market Recovery In The Offing?

The nation’s stock market and, indeed, the economy, has over the past 22 months has mostly been bearish, besides favouring high yield-sensitive sectors over the real sectors that drive economic growth.
Evidence of this is the national productivity that has for almost 13 quarters struggled with a slower-than-expected GDP growth rate, with undulating movement resulting from geopolitical uncertainties and inconsistent economic policies.
The situation has been made worse by the high cost of funds which has limited private sector access to liquidity needed to boost economic activities for driving national growth and oil macroeconomic progress and prosperity.

Every in the world today, stock markets are a leading indicator of what is happening, just as at the same time they foretell what is about to happen.
The case of the Nigerian stock market is not different. As early as almost six years ago in earlier in 2014 and 2015, the benchmark All-Share index of the Nigerian Stock Exchange (NSE) has betrayed signs of a weak economy with its dominant bearish posture long before the economy finally slipped into recession in 2016. The economic recession came after three consecutive years of negative close by the NSEASI, just as other macroeconomic indicators during the period were negative. It reflected a lack of consumer and investor confidence, with the Naira exchanging for as high as N520 against the U.S Dollar, the GDP was in negative and inflation was ballooned, resulting to imported inflation due to high exchange rate.
To check the situation, recall that the Central Bank of Nigeria, through a bouquet of new policies, intervened in the exchange rate market, introducing the exporters and investors window to provide funds for eligible imports. This was after 41 goods were barred from access to the official foreign exchange window, a situation that boosted manufacturing sector activities and earnings capacity.

The I&E forex exchange window initiative was of great help, as it mitigated the losses that wiped away company profits in the 2016 financial year, as seen in the seeming improved corporate earnings of listed companies in 2017.
According to Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) on Friday in Lagos, the I&E window has recorded over $60bn worth of transaction since its inception in April 2017. This has helped to sustain the economic recovery while supporting stock prices in addition to attracting smart money into the market.

Closing their two-day meeting on Tuesday, all 11 members of the CBN’s Monetary Policy Committee (MPC), had in line with the expectations of Investdata Research and other analysts, unanimously voted to retain the benchmark Monetary Policy Rate (MPR) at 13.5%, among others. One reason for the decision to hold rates by the MPC was the spike in inflation rate for the second consecutive month to 11.61% from 11.24% in September, due to a combination of the Federal Government’s closure of Nigeria’s land borders; and poor harvest season, among others.
The committee opted to observe the impact of various unconventional policies and directives of the CBN, for deciding what its next policy option would be.

We note also that this cocktail of policies has helped to trigger national productivity as revealed by the recently released Q3 GDP rate, which grew at 2.28% (READ MORE).
The decision of the MPC to leave the various instruments unchanged was also to protect the nation’s external reserve, as any form of adjustment down may trigger selloffs by foreign portfolio investors in any of the windows which may further exert pressure on an already declining reserves. The oil price oscillation and the future oil market have made the MPC call for a review of the 2020 budget oil benchmark price to $57 per barrel in order to build a fiscal buffer to stimulate the economy.

The usual seasonal demand boost in the fourth quarter could push growth up to 2.48% or so this year. The other drivers are a small rise in crude output and the proposed adjustment of the national budget cycle to January- December calendar year to enhance planning. The CBN policies and directives seem to be addressing age-long problems that have constituted major impediments to economic growth.
The weak economic growth and this prolonged bear market are coming to an end, here is what to do and when. Nothing lasts forever, including the bear or bull markets.

The ongoing market correction remains the longest in the recent bear market and would definitely come to an end. Everyone knows that already, but those who have tried to predict when that end would come have obviously been proven wrong. There are lots of studies that say investors can’t time the market, meaning you can’t be a successful investor if you jump in and out of the market every time you think it’s turning down or up again.
So, here is how to tell if this bear market is ending, when it has actually ended, and most importantly what to do to recover your losses and grow capital by making a fortune when the bulls go crazy.

Market Timing Is Everything
Timing the market, to me, is about knowing when bears are exiting and riding bulls’ markets, recognizing when they are ended. This broad-based timing has made discerning investors and traders wealthy. The most successful and richest traders and investors in history time the markets, like we do at Investdata, especially during the annual investment summit and which we are poised to undertake at the forthcoming INVEST 2020 Summit.
And yes, you can include Warren Buffett in the list of successful billionaire market timers, along with George Soros, Carl Icahn, Steve Cohen, David Tepper, Michael Steinhardt, Paul Tudor Jones, Sir John Templeton, the list goes on. If you don’t know Warren Buffet engages in market timing and trades, then there are things you do not know him.

Success in investment timing involves weeks, months and even years of painstaking research.
Think of good timing in terms of a calendar. Timing in terms of days and weeks is for traders. Think of that kind of timing like clockwork.
Not that there is no money to be made trading short-term. Surely, there is, and we have done that for years. It is just not for everyone, because most people do not have the time to trade for a living like successful traders who make millions every year from trading.

Smart investors make extraordinary gains in bull markets because bull markets can last a long time, depending on the factors driving the market.
Every bull and bear market is unique. What is important is knowing when they are beginning and ending. The positive end of November is signal that the regulatory directive of the CBN, Securities and Exchange Commission, and the Nigerian Stock Exchange are shaping the market with investors buying interest and positive sentiments continue to look up. Note that, high cap equities and a few blue chips price movements have been sluggish, arising from the new price methodology introduced, which re-adjusted volume allowed to move prices.

On the strength of the above, we believe that playing listed equities of choice by their respective trends is an intelligent trading strategy at the moment. Also observed is the fact that equities selling below N1.00 are now highly volatile since the low fund is required to move their prices. Few traders are believed to be enjoying short-term capital appreciation through these listed equities.

One major attraction to the equities market at the moment is the recent drop on the 364-day Treasury bill yield which has trended around 10% over the past week, in other words, funds seeking higher returns are currently finding their ways into the equities market not minding the higher risk.
The market at this point of recovery is likely to experience up and down movement but investors should not panic out of position, rather we recommend that traders should take timely advantage of low prices around the market to accumulate. The expected December rally was projected on the fact that Nigerian Equities Market has more than three years record of Santa Claus rally supported by year-end portfolio balancing and window dressing.

https://investdata.com.ng/2019/11/is-nigerias-stock-market-recovery-in-the-offing/#more

Stocks Slip Further, Offers New Opportunities, As NGSE Becomes Further Undervalued

Market Update for December 5

Stocks closed lower again on Thursday as trading on the Nigerian Stock Exchange (NSE) maintaining a sluggish down trend as mixed sentiments prevailed on profit booking and sell down in some equities that had appreciated earlier in value. The wait-and-see attitude of market players in the first trading week of December is likely to close negative, thereby halting the four weeks of bull-run.

Earlier on Thursday, Moody’s downgraded Nigeria in its recent rating from stable to negative, indicating that all is not well with the nation’s economic indices and other indicators which remained mixed.

Once again, we expect that the government would do the needful to change the narrative.

Also during the day, the Senate passed the 2020 budget, which would the harmonized with that of the House of Representatives before a final copy will be presented for Presidential assent. Recall that the Appropriation Bill was presented by President Muhammadu Buhari to a joint session of the National Assembly on October 8, 2019. We hope that the President signs the 2020 budget into law in the same spirit of the lawmakers, to achieve the desired change in the national budgetary cycle to January-December. This will enable businesses plan their operation. The Senate increased the government’s spending plan to N10.56tr from the initially estimated N10.32tr to allow for intervention in critical sectors of the economy, even as an expansionary budget is needed to further stimulate the nation’s struggling economy.

Meanwhile, Thursday’s trading started marginally on the upside in the morning before pulling back in the mid-morning and oscillated for the rest of the trading session on profit taking selloffs and positioning in some stocks. This pulled the NSE index to an intraday low of 26,889.48 basis points, from its high of 26,948.58bps, before it retraced up to close the session lower at 26,913.70bps on a low traded volume.

Thursday’s market technicals were negative and mixed as volume traded was higher than the previous day, in the midst of negative breadth and continued mixed sentiment as revealed by Investdata’s sentiment report of a 41% ‘buy’ volume and 59% sell position. The day’s total transaction volume index stood at 0.66, with a weak energy behind the day’s performance as Money Flow Index read 47.96 points, from the previous 57.52bps. This is an indication that funds left some stocks and the market.

Index and Market Caps

At the end of the day’s trading, the benchmark NSE All-Share index lost 24.88bps, closing at 26,913.70bps from its openings of 26,938.58bps, representing 0.09% drop, just as market capitalization was down by N12bn to close at N12.99tr from an opening value of N13tr, which also represented a 0.09% depreciation in investors’ portfolios.

Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of most revered traders and investors in corporate Nigeria to our watchlist. These stocks are with double potentials.

To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current market situation ahead of year-end seasonality and full-year earnings reports portfolio reshuffling and repositioning as we await an economic roadmap from the government advisory team to stimulate and re-track the economy again.

The session’s downturn was attributed to selloffs in stocks like Guaranty Trust Bank, UBA, Access Bank, FBNH, Oando, Wema Bank, Honeywell, AXA Mansard and Cornerstone Insurance, which impacted negatively on the NSE’s Year-to-Date loss, increasing it to 14.37%. Market capitalization gain for the period dropped to N1.21tr, representing a 10.85% growth from the year’s opening value of N11.72tr.

Mixed Sector Indices

The sectoral performance indices were largely bearish, except for the NSE Consumer and Industrial Goods indexes that closed 0.69% and 0.01% higher respectively, while NSE Insurance led the decliners after losing 2.52%. It was followed by Banking and Oil/Gas indexes, which were down by 0.67% and 0.03% each.

Market breadth turned negative as decliners outpaced advancers in the ratio of 19:8, while market activities were up in volume and value by 83.6% and 164.2% respectively to 207.26m shares worth N2.85bn from the previous day’s 112.89m units valued at N1.08bn. Volume was driven by transactions in UACN, Access Bank, Guaranty Trust Bank, Zenith Bank and FBNH.

Chams and Union Diagnostic were the best-performing stocks for the day as they topped the advancers table, chalking 9.09% and 8.33% respectively to close at N0.36 and N0.26 each respectively, on the back of market forces. On the flip side, Cornerstone Insurance and Medview Air lost 10% each, closing at N0.63 and N1.62 on profit-taking and sell down.

Market Outlook

Being the last trading day of the week, we expect the mixed performance to continue as investors take advantage of the four correctional profit-taking and indecision among market players to position. This ahead of the usual Santa Claus and year-end rally as capital flow and repositioning in value stocks will persist. There is also the changing sentiment in the expectation of improved liquidity and positive economic indices. At the maturity of OMO investment, more funds will be available as CBN has restricted players to foreign investors and the local banks.

Again, the current undervalued state of the market offers investors opportunities to position for short and medium-to-long-term views. We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down to usher in 2020.

Also, traders and investors need to change their trading strategies due to NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future.

Take Action

INVEST 2020: Opportunities and Trade Ideas Summit Holds this Saturday!

Sub-Topics

Recession or Boom: Five Trading Strategies for Picking Best Stocks in Good Times or Bad-AlhajiGarbaKurfi, Managing Director of APT Securities & Funds Limited.
2020 Global/Nigeria Macro-Economic Outlook & Sectors To Position, RasaqAbiola, Head, Corporate Strategy CSCS Nigeria Plc
Critical Chart Patterns For Pinpointing Stocks That Could Explode Higher In 2020- Abdul-Rasheed OshomaMomoh, Head, Capital Market, TRW Stockbrokers Limited,
Keys To Identify Opportunities In Stocks, Exchange Traded Fund (ETF) Fixed Income and Commodities Markets In Any Market Environment.- Ekwueme Mike Anaydibe, Head, Fixed Income Sales at TRW Stockbrokers Limited.
Mastering Earnings & Dividend Game Plan For 2020 Investing Opportunity & Beyond– Ambrose Omodion, Chief Research Officer, InvestData Consulting Limited,
Over the years, we have received requests from our followers, concerning our annual Traders & Investors Summit scheduled for December, where experts and analysts would x-ray investment and trading opportunities in the New Year.

At the forthcoming summit, participants would

Learn from some of the best professionals in the market
Share Trading ideas and investment opportunity/strategies
Offer opportunities to network with peer value investors and investment professionals who share your passion for investing
Understand more about using Investdata Buy & Sell Signal setup strategies and research tools to improve outcomes
Expected Takeaways

Pinpointing chart patterns for Profitable Trades and investing opportunities in an uncertain market environment
Investment analysis and theses behind these ideas
Special Earnings and Dividend Game Plan for 2020 investment opportunities
Understanding the changing economy and trend for profitable investment
How successful value fund managers research into and evaluate companies
Exclusive insight and actionable value strategies from world-class professional Traders
Over 10 Trading and investing tips for identifying undervalued Stocks you can buy now
Date: December 7, 2019

Fee: N25,000

Venue: Ostra Hall & Hotels Ltd, Off OtunbaJobifele Way, Opposite NNPC Gas Plant C.B.D, Alausa, Ikeja Lagos, Nigeria.

However, with less than 60 days into the year 2020, you need to start planning now because it is either you plan to succeed in 2020 or you don’t decide. Instead, you fold your hands means you are planning to fail. So, this practical summit is first of its kind because a team of experts will reveal pure practical trade ideas and opportunities in 2020 that will help participants recoup losses and maximize returns no theory. That is, what you can apply or implement immediately and start tracking the result by yourself.

Want to be among the successful investors and traders in 2020 send Yes to 08028164085, 08032055467, 08111811223 now.

Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/12/stocks-slip-further-offers-new-opportunities-as-ngse-becomes-further-undervalued/#more

Shareholders Vote 99.93% For CCNN, Obu Cement Merger


Shareholders of Cement Company of Northern Nigeria (CCNN) and BUA Group-owned Obu Cement Company, at separate court-ordered and Extra-Ordinary General meetings, on Wednesday in Abuja, gave their blessings for the merger of both firms, pending final regulatory approval.

The merger will result in a business combination of both entities, thereby making BUA Cement, their parent company, Nigeria’s second-largest producer of cement by volume by 2020.

At the meeting of CCNN, shareholders voted 99.93% in favour of the merger, which is also expected to enhance the efficiency and capacity utilization of the emergent entity which would have a combined installed capacity of 11m mtpa by H2 2020, from 8m MTPA.

Management of CCNN says the emergent company is set to remain the dominant cement player in the key regional markets in Northern Nigeria, South-South and South-East Nigeria. This is in addition to availing it almost unfettered access to key export markets in West Africa, due to the prime location of its plants.

Commenting on the merger, Chairman of CCNN and founder, BUA Group, Abdul Samad Rabiu, expressed his profound gratitude to the shareholders of both companies for their overwhelming support throughout the process.

The merger, he continued, marks “the completion of yet another phase of our local cement expansion programme.

“This deal will create one of the largest companies in Nigeria and the Nigerian stock exchange. It will also ensure more efficient operation, improved financial performance and create better value for all stakeholders.

“We are certain that the new entity can continue to compete effectively in the cement industry in Nigeria with its more advanced plants and geographical advantages, whilst maintaining its market dominance in its key regions.

“The new, enlarged cement company will be a stronger platform to capture significant synergies and create value for the benefit of shareholders in the form of stronger competitive position, economies of scale, enhanced operations and administrative efficiencies which are expected to accrue.

“Our commitment towards the Nigerian economy remains strong and this new entity further deepens the capital market and is a pointer to the continued resurgence of the economy. We remain committed to delivering exceptional value to stakeholders at all times. Innovation, efficiency and best-in-class technology will continue to be the key drivers of our cement business,” Rabiu stressed.

https://investdata.com.ng/2019/12/shareholders-vote-99-93-for-ccnn-obu-cement-merger/

Senate To Pass 2020 Budget Thursday, Approves Public Procurement Bills


Senate President, Ahmad Ibrahim Lawan, on Wednesday, said the 2020 Appropriation Bill will be passed on Thursday, December 5, 2019, as planned, as part of the resolve to restore the country’s January-December budgetary cycle for the first time since the beginning of the fourth republic.

Ahead of this, the upper legislative chamber passed the Public Procurement Act 2007 amendment bills, which followed a presentation and consideration of the report of the Senate Committee on Public Procurement.

According to a statement by Ezrel Tabiowo, Special Assistant (Press) to President of the Senate, Lawan explained that the Bill, which will complement the 2020 budget, is to be forwarded to the House of Representatives for concurrence.

Ahead of its passage, the report of the Senate Committee on Appropriations was laid before the upper chamber by its Chairman, Senator Jibrin Barau.

Commenting, the Senate President explained that what “we have done today is really to put the icing on the cake on what we are about to do tomorrow by the grace of God, when we pass the 2020 budget.

“We have already passed the Finance Bills that will ensure that we get the required revenue to implement the budget.

“The public procurement process in Nigeria has been a big bottleneck for some time, probably since it was passed.

“I believe that with this amendment, the procurement process will be faster and better, as will be the budget implementation process.

“Surely, this bill will have to go to the House of Representatives for them to concur.

“I had a discussion with the Honourable Speaker that they will concur with us before we go on the Christmas break so that we will give the executive all they would require for them to implement the 2020 budget successfully,” Lawan said.

Meanwhile, the three amendment Bills were sponsored by Senators Shuaibu Isah Lau (PDP, Taraba North); Uche Ekwunife (PDP, Anambra Central); Danladi Sankara (APC, Jigawa North West).

Chairman of the Committee, Senator Lau, in his presentation, said: “certain amendments were made on the bills to encapsulate the ingredients of the varied views collated from experts and professionals, aimed at adding value to the Procurement Act.”

The Senate, in a clause-by-clause consideration of the bill, adopted the recommendations of the committee with slight amendments made to Section 1, under the Establishment of National Council on Public Procurement.

The amendment to clause 1 of the bill provides that the Council shall consist of a Chairman who shall be appointed by the President of the Federal Republic of Nigeria, rather than the Minister of Finance as Chairman, as in the 2007 Act.

The Senate also adopted the committee’s recommendation on the issuance of “Certificate of No Objection” by a Committee of the Directors of the Bureau, chaired by the Director-General of the Public Procurement Bureau.

Similarly, the upper chamber considered the recommendation of the committee to review upwards the mobilization fee from 15 to 20% for local contractors as insufficient.

Accordingly, Section 35 of the Act was amended to provide for not more than 30% mobilization for local contractors.

The amendment for an upward review of 35% mobilization for local contractors was initially proposed by Senator Jibrin Barau (APC, Kano North) and seconded by Ibikunle Amosun (APC, Ogun Central).

The Senate, however, settled for a 30% review moved by Senator Abba Moro (PDP, Benue South) and seconded by Senator Rose Oko (PDP, Cross River North).

Photo caption: President of the Senate, Ahmad Ibrahim Lawan with the European Union Ambassador to Nigeria and ECOWAS, Ketil Karlsen, during a courtesy visit by the ambassador to the National Assembly, Abuja, on Wednesday, December 4, 2019.

https://investdata.com.ng/2019/12/senate-to-pass-2020-budget-thursday-approves-public-procurement-bills/

NSE Highlights Importance Of Capital Market In Achieving SDGs

The Nigerian Stock Exchange (NSE) has highlighted the critical role of the capital market in delivering sustainable socio-economic growth and development in the country.

This was articulated at the award ceremony of the 19th NSE Essay Competition for Senior Secondary Schools in Nigeria which held on Wednesday, 4 December 2019 in Lagos.

Miss Adeniyi Adesewa of Grandmates Secondary School emerged winner of the NSE Essay competition ahead of 40,965 other applicants across the country, clinching the N500,000 scholarship fund for her university education.

In addition, she got N500,000 worth of equity investment; and a laptop, while her school was awarded three desktop computers and a printer.

She was followed by Miss Temiloluwa Oladipo and Master Adeoye Okhai, both of Oritamefa Baptist Model School in the second and third place respectively, each of who were presented with university education scholarships, and equity investments, just as a laptop, along with desktop computers and a printer were presented to their school.

In addition, the top three winners were given the prestigious honour of a Closing Gong Ceremony at the Exchange, while seven other finalists received laptops in recognition of their good performance.

Present at the event was the First Lady of Lagos State, Dr Ibijoke Sanwo-Olu, represented by Mrs. Funke Omotosho, who commended the NSE for the initiative to national development, urging participants to stay committed to developing their skills.

The special guest of honour, Chuka Eseka, Chief Executive Officer, Vetiva Capital Management Limited and President of the Association of Issuing Houses of Nigeria (AIHN), challenged the students to develop strong savings and investment culture.

He thereafter awarded N250,000, N150,000 and N100,000 worth of money market investments to the top three winners on behalf of the Association of Issuing Houses of Nigeria (AIHN) and Vetiva Capital.

Speaking at the event, Chief Executive of the NSE, Oscar Onyema, emphasized the need for innovative solutions to leverage the capital market for the achievement of the Sustainable Development Goals (SDGs).

“We need to connect people with products and services that build human and physical capital, as well as bridge infrastructural gaps in Nigeria.

“We have also identified the critical role of millennials in achieving these outcomes evidenced by the overwhelming interest today’s youth have shown in this exercise. We were not only delighted by the thousands of entries we received this year – up over 100% from last year – but also impressed by the quality of progressive solutions articulated in the submissions, some of which will be presented today,” Mr Onyema added.

Mrs Modupe Adefeso-Olateju, Managing Director of the Education Partnership Centre in her keynote address urged the students to develop a range of skills that would ensure a sustainable future in light of our ever-evolving society. She also emphasized education, financial responsibility and integrity as important virtues to imbibe.

The NSE Essay Competition is designed to develop a culture of wealth creation amongst our youth towards “Building a Financially Savvy Generation”. Over the last 19 years, the competition has successfully increased awareness and inspired the active participation of the youth in Nigeria’s capital market. This year’s edition was supported by Zenith Bank Plc, Access Bank Plc, Prime Atlantic Limited and Hewlett Packard Nigeria Limited.

Photo caption: From left, Chuka Eseka, Chief Executive Officer, Vetiva Capital Management Limited and President of the Association of Issuing Houses of Nigeria (AIHN); Miss Lawrence Deborah, 2018 Winner, NSE Essay Competition; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Miss Adeniyi Adesewa, Grandmates Secondary School, Isolo, Lagos, 1st place winner; Dr. Mrs. Funke Omotoso, representing Her Excellency, Dr. Ibijoke Sanwo-Olu, Wife of Lagos State Governor and Tuface Idibia, NSE Good Cause Ambassador. during the 2019 NSE Essay Competition Awards Ceremony in Lagos.

https://investdata.com.ng/2019/12/nse-highlights-importance-of-capital-market-in-achieving-sdgs/

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Will Your 2020 Investment Plan Succeed by Accident.

Ambrose Here Again,

If you insist on leaving your fate to the gods, then the gods will repay your weakness by having a grin or two at your expense. Should you fail to pilot your own ship, don't be surprised at what inappropriate port you will find yourself docked.

Serious investors refuse to let go their quest for financial freedom either in a bull or bear market. They chew on it just as a dog chews on the same old bone for hours.

Just as a dog guards the bones safely when not actively chewing it, serious investors nurture their investments against all odds in the market. That is, they follow instructions of the expert to know exactly when to take action on the market.

However, the true mark of a serious investor are.

1. An ability to sense which stocks are like to yield the best ROI when the real bull market is commencing.

2. Your confidence that you will definitely make a difference in the market.

3. A rugged persistence that will keep you going when others would give up.

Hence, your success in your 2020 financial year is not in the hands � of the government though government policies might affect the market but 80% of the call is in your own hands. So, make the decision to do whatever it takes and get the best out of 2020 through proper planning.

As a result, I have done a short and comprehensive video regarding the big investment opportunities in year 2020, how you can position yourself and when to position yourself.

Click on the below link to Download the free video now.

http://workshop.investdataonline.com/

Happy Trading,
Ambrose Omordion

UBA Group Wins The Banker’s 2019 African Bank of the Year


For the second time in three years, the United Banker for Africa Plc, at the weekend in London, emerged as the “African Bank of the Year 2019,” in addition to six of its subsidiaries clinching best bank category in Benin, Tchad, Gabon, Congo, Cote D’Ivoire and Sierra Leone.

The bank won the award organized by The Banker Magazine in 2017.

The unprecedented win marks the first time ever in the history of the banker awards, that anyone bank will be given as many as six wins including the grand regional award.

UBA Group was represented at the awards ceremony by its CEO, UBA Africa, Victor Osadolor, who received all seven awards.

John Everington, Middle East and Africa Editor for The Banker, said the aim of the award “is to highlight industry wide excellence within the global banking community.”

The winner, he explained, “is selected from participating banks in each of the countries from which entries are received for the competition.”

Receiving the awards, Osadolor assured that “UBA group will continue to innovate and lead in all our business segments, whilst delivering top-notch operational efficiencies and best-in-class customer service. We are beginning to realise early gains from our ongoing transformation programme and I am excited about the days ahead.”

Commenting on the feat, a statement by the bank quoted its Group Managing Director/Chief Executive, Kennedy Uzoka, as expressing delight over the recognition from The Banker, which he explained, are “a reassurance that we are on track in consolidating our leadership position in Africa, as we continue to create superior value for all our stakeholders.

“UBA must be doing something right, and for us, these awards mark another milestone for the Group. It is a testament to the diligent execution of the bank’s strategic initiatives geared towards customer service. Being recognised as Africa’s best bank complements positive feedback from customers and is a recognition of our improving efficiencies, service quality and innovation. I, therefore, dedicate it to our growing loyal corporate and retail customers, who are our essence.”

Uzoka dedicated the awards to the UBA’s customers, “whose loyalty, support and patronage have remained the source of the group’s growth and competitive edge in all the markets we operate.”

The Banker Magazine is a publication of the Financial Times – a leading global finance news publication that has been in existence since 1888. The Banker magazine is the definitive reference in international banking for high level decision-makers globally.

The “Bank of the Year Awards” are widely regarded as the Oscars of the Banking Industry. For over 90 years, The Banker has been the world’s leading monthly journal for the banking industry.

https://investdata.com.ng/2019/12/uba-group-wins-the-bankers-2019-african-bank-of-the-year/

AMCON Debt May Hit N6.6tr By 2024, Except…, Expert Warns


•Wants Public Officials On Debtors’ List Declared Bankrupt
Management of the Asset Management Corporation of Nigeria (AMCON) and Judges of the Federal High Court of Nigeria (FHC), were at the weekend challenged to explored the AMCON Act (as amended) to declare public office holders indebted to the corporation bankrupt.
This, according to a legal consultant and Senior Partner, Olaniwun Ajayi -LP, Muyiwa Balogun, has become the only alternative to enhance recovery of the over N5.4tr outstanding debt which is proving herculean and a source of pain to the Federal Government.
In a review of the new AMCON Act 2019 at a one-day Seminar for judges of the FHC in Abuja, Balogun warned that the debt profile can easily soar to a whopping N6.6tr by 2024.

A breakdown of the figure, he noted, showed that AMCON still owed the Central Bank of Nigeria (CBN) N4.5tr, just as it is still battling with the N1.7tr worth of Assets Under Litigation (AUL).
This debt, he explained, will eventually become the burden of the federal government and by extension taxpayers, which is why he urged the FHC judges to take the matter as a national assignment and explore all the powers of the new amendment, in view of the corporation’s impending sunset.
He stressed the need to speed up the court processes, pointing to the immorality of allowing the obligors to go away without punishment, especially since both the Holy Bible and the Quran, which incidentally are the dominant religions in the country abhor people who borrow without the intention to repay.

“The Bible in the book of Psalm 37:21 said, “The wicked borrow and do not repay.” In Proverbs 22:27, the Bible also said, “If you have no money to pay, even your bed will be taken from under you…”
The Quran on the other hand in Surat Al-Baqarah: 280 – 282 said, “Whoever borrows money and he intends not to repay it off is a thief.”
Backed by these, he stated that there are no legitimate means adopted by AMCON and its agents to recover the debt as mandated by the Amended AMCON Act that can be termed as draconian.

Balogun wondered what would have befallen the already challenged Nigerian economy, if the debts were not recovered in good time before the sunset, a situation he believes will not be possible without the support of the Federal High Court judges and indeed the judiciary.
According to him, “once you are declared bankrupt, you cannot hold public office. Today, we have AMCON debtors making laws for the Federal Republic of Nigeria. AMCON with your support needs to go to court and declare such individuals bankrupt. Given the sunset period of AMCON and the fact that the debt we are talking about is the commonwealth of Nigeria, it would not be out of place to take full advantage of the bankruptcy power among other special powers in the new amendment.”
The bankruptcy proceedings, he continued, have been explored in other climes to address similar matters arguing that there was no reason why it should not work in Nigeria.

“As a way of being proactive with the new amendment of the AMCON Act, let us test the bankruptcy proceedings because it will be effective. In other jurisdictions, this has proved to be a very potent tool, and why not in Nigeria,” he wondered.
The new 2019 Amended AMCON Act, signed into law by President Muhammadu Buhari earlier in the year gives AMCON sweeping powers to help it recover the debt owed by obligors.
He recalled that AMCON was created in 2010 as a result of the global economic crises of 2008/2009, which nearly crippled the Nigerian financial system, noting that the intervention at the time, depositors would have lost N3.7tr. AMCON had in the process also saved over 15,000 jobs, while purchasing approximately 12,743 bank loans through debt instruments worth N3.9tr. This was based on the simple understanding that the loans would be recovered either through voluntary payment or disposal of assets pledged by the obligors.
Also speaking at the event, AMCON Managing Director/Chief Executive, Ahmed Kuru, lamented a situation where the obligors have been working hard to stretch AMCON to the sunset period.

He however warned that the corporation, under his leadership, is determined to achieve its mandate within the limited time available (and within the law), adding that the amendment can only be as effective as the judiciary pronounces on its provisions within the interpretative powers vested by the Constitution of the Federal Republic of Nigeria 1999.
“On our part, we will continue to sensitize our external solicitors on the best approaches in presenting AMCON cases to the courts. During our recent interaction with our external solicitors, we conveyed some of our concerns and implored them to properly equip themselves with the unique provisions of the amended AMCON Act as well as the Practice Directions whenever they appear before Your Lordships. AMCON is committed to achieving its mandate within the limited time available (and within the law) and we recognize the crucial role of the judiciary in this effort.

“We have repeatedly made the point at every opportunity that all stakeholders must view the AMCON mandate as one of serious national importance. If at sunset AMCON is unable to recover the huge debt of over N5trillion, it becomes the debt of the Federal Government of Nigeria for which taxpayers’ monies will be used to settle. The implication is that the general public will be made to pay for the recklessness of only a few individuals who continue to take advantage of the loopholes in our laws to escape their moral and legal obligations to repay their debts. We should not allow a few individuals to escape with our commonwealth.

“And we want to do it within the confines of the law. As we all know, the Federal High Court is AMCON’s court of first instance. Under the new amendment, State High Courts and the High Court of the FCT have also been vested with jurisdiction to hear AMCON matters, but the powers to grant ex parte orders under section 49 and 50 of the amended AMCON Act still reside exclusively with the Federal High Court,” Kuru submitted.
He further re-echoed the fact that it was unfortunate that AMCON through the instrumentality of the courts has continued to encounter a lot of challenges, which makes recovery difficult.
In addition to that, Kuru said the obligors of AMCON are getting wiser by the day, deliberately causing orchestrated legal delays knowing that AMCON has a sunset date.

It would be recalled that the AMCON Act was first amended in 2015 to address some of the encountered challenges of the corporation at the time. When the obligors again got wiser as it were, it became necessary that the Act is amended again in 2019 with a single objective of recovering the loans bought from the banks in order to settle AMCON’s debt without recourse to taxpayer’s money.
The seminar was attended by the Acting Chief Judge of the Federal High Court, Justice John Terhemba Tsoho, officials of the National Judicial Institute (NJI), the management of AMCON and officials of Legal Academy. Balogun said the Judges of the FHC, which incidentally is AMCON’s court of first instance should as a matter of fact support the corporation to explore the bankruptcy proceedings as provided by the amendment, which he said will at least make it possible for AMCON to rubbish its debtors that are holding public office as persons of no integrity and so cannot hold such office.

Photo caption: Acting Chief Judge of the Federal High Court, Justice John Terhemba Tsoho; Director of Studies, National Judicial Institute (NJI), Mrs. Maryam Kawu; Managing Director/Chief Executive Officer, Asset Management of Nigeria (AMCON), Ahmed Kuru and Justice Abdullahi Mohammed Liman, at the seminar for Judges of the Federal High Court in Abuja…at the weekend.

https://investdata.com.ng/2019/11/amcon-debt-may-hit-n6-6tr-by-2024-except-expert-warns/

Mixed Performance Continue, Amidst Profit-taking, Indecision Among Investors


Market Update for December 2
Trading on the Nigerian Stock Exchange (NSE), Monday, he first trading session of December closed marginally lower on profit-taking in highly capitalized stocks, thereby slowing down the recent gaining momentum. The positive performance during the last five weeks has supported the oscillating trend in the past six trading sessions, with traders taking profit at intervals, while the composite index struggled to breakout the recent resistance level of 27,109.29 basis points. Monday’s volatility on low volume traded is a sign of indecision among market players as trading in the most consistently active and positive month of the year kicked off.

At this stage of the market, we advise against any form of panic selling. Rather, take a strategic position in sectors that have suffered huge losses, but still have the potentials to rebound in the remaining days of the year and beyond, as players take timely advantage of low prices around the market. Research and data show that Nigeria’s equities market has enjoyed more positive trends in the month of December over the past decade, arising from the yuletide boom and driven by year-end portfolio balancing among investors and traders.

The table below shows the performance of the NSE index for December 2009-2018:

Monday’s trading opened slightly on the upside in the early hours of the session before pulling back by the mid-morning to afternoon, fluctuating on selling pressure and buying interest, thereby dragging the NSE index to an intraday low of 26,931.13bps, from its high of 27,025.20bps. Thereafter, the index retraced up, closing the day lower than it opening at 26,990.59bps on a negative breadth. On the strength of the above, we are of the opinion that investing and trading equities of choice by their respective trends is an intelligent trading strategy at this moment. Also, observe the fact that many stocks today have broken out of their bearish zone with trading patterns that supports an uptrend. One major attraction in the equities market at this moment is the recent drop in the Treasury Bill rate below 10% over the past weeks. In other words, this has triggered a capital wave in search of higher returns in stocks, not minding the higher risk.

Market technicals for the session were negative and mixed with higher volume traded than the previous day, breadth favoured the bears, even as mixed sentiments prevailed as revealed by Investdata’s sentiment report of a 63% ‘buy’ volume and 37% sell position. The day’s total transaction volume index stood at 0.76, just as the momentum behind the day’s performance was slightly down and Money Flow Index read 57.07 points, from the previous 58.22bps, an indication that funds exited some stocks and the market as short-term traders cashed out their profit during the session.

Index and Market Cap

The benchmark NSE All-Share Index, at the end of Monday’s trading shed 11.56bps, closing at 26,990.59bps from its 27,002.15bps opening, representing a 0.04% drop, just as market capitalization lost N5.58bn, closing at N13.03tr, from the opening value of N13.03tr, which also represented a 0.04% value loss.

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The day’s decline was impacted by profit booking and selloffs in stocks like Guaranty Trust Bank, UBA, Access Bank, CCNN, FCMB, UACN, Oando, and Transcorp Plc, which impacted mildly on the NSE’s Year-to-Date loss, increasing it to 14.13%. Market capitalization gain for the period stood at N1.23tr, representing a 13.06% growth from the year’s opening value of N11.72tr.

Mixed Sector Indices
The sectoral performance indexes were largely bearish, except for the NSE Consumer Goods and insurance indexes that closed higher by 0.71% and 1.02% respectively, while the NSE Industrial Goods index led the decliners, after losing 1.20%. It was followed by the NSE Banking and Oil/Gas indexes, which lost 0.16% and 0.15% respectively.

Market breadth turned negative as decliners outpaced advancers in the ratio of 17:12, while market transactions were mixed with volume rising by 8.59% to 246.51m from the previous session 227.61m units, while value was down by 33.4% to N2.44bn from Friday’s position of N2.85bn. This volume was boosted by transactions in FCMB, Zenith Bank, FBNH, NB and Access Bank.

Unilever Nigeria and Law Union Insurance were the best-performing stocks, topping the advancers table, after chalking 9.94% and 9.23% respectively to close at N17.70 and N0.71 each respectively, on the back of low price attractions and market forces. On the flip side, Sovereign Trust Insurance and UACN lost 9.09% and 8.75% respectively, closing at N0.20 and N7.30 on profit-taking and market forces

Market Outlook
We expect this mixed performance to continue at this beginning of the month given the profit-taking and indecision among market players ahead of the usual Santa Claus and year-end rally as capital flow and repositioning in value stocks will persist. The changing sentiments in expectation of improved liquidity and positive economic indices..

The current undervalued state of the market offers investors opportunities to position for short and medium-to-long-term views. We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down.

Also, traders and investors need to change their trading strategies due to NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future.

Take Action
INVEST 2020: Opportunities and Trade Ideas Summit

Sub-Topics

Recession or Boom: Five Trading Strategies for Picking Best Stocks in Good Times or Bad-AlhajiGarbaKurfi, Managing Director of APT Securities & Funds Limited.
2020 Global/Nigeria Macro-Economic Outlook & Sectors To Position, RazaqAbiola, Head, Corporate Strategy CSCS Nigeria Plc
Critical Chart Patterns For Pinpointing Stocks That Could Explode Higher In 2020- Abdul-Rasheed OshomaMomoh, Head, Capital Market, TRW Stockbrokers Limited,
Keys To Identify Opportunities In Stocks, Exchange Traded Fund (ETF) Fixed Income and Commodities Markets In Any Market Environment.- Ekwueme Mike Anaydibe, Head, Fixed Income Sales at TRW Stockbrokers Limited.
Mastering Earnings & Dividend Game Plan For 2020 Investing Opportunity & Beyond– Ambrose Omodion, Chief Research Officer, InvestData Consulting Limited,


Over the years, we have received requests from our followers, concerning our annual Traders & Investors Summit scheduled for December, where experts and analysts would x-ray investment and trading opportunities in the New Year.

At the forthcoming summit, participants would

Learn from some of the best professionals in the market
Share Trading ideas and investment opportunity/strategies
Offer opportunities to network with peer value investors and investment professionals who share your passion for investing
Understand more about using Investdata Buy & Sell Signal setup strategies and research tools to improve outcomes
Expected Takeaways

Pinpointing chart patterns for Profitable Trades and investing opportunities in an uncertain market environment
Investment analysis and theses behind these ideas
Special Earnings and Dividend Game Plan for 2020 investment opportunities
Understanding the changing economy and trend for profitable investment
How successful value fund managers research into and evaluate companies
Exclusive insight and actionable value strategies from world-class professional Traders
Over 10 Trading and investing tips for identifying undervalued Stocks you can buy now
Date: December 7, 2019

Fee: N25, 000
Venue: Ostra Hall & Hotels Ltd, Off Otunba Jobifele Way, Opposite NNPC Gas Plant C.B.D, Alausa, Ikeja Lagos, Nigeria.

However, with less than 60 days into the year 2020, you need to start planning now because it is either you plan to succeed in 2020 or you don’t decide. Instead, you fold your hands means you are planning to fail. So, this practical summit is first of its kind because a team of experts will reveal pure practical trade ideas and opportunities in 2020 that will help participants recoup losses and maximize returns no theory. That is, what you can apply or implement immediately and start tracking the result by yourself.

Want to be among the successful investors and traders in 2020 send Yes to 08028164085, 08032055467, 08111811223 now.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/12/mixed-performance-continue-amidst-profit-taking-indecision-among-investors/#more

10-Year Master Plan Will Deepen Nigeria’s Capital Market- Uduk


Ms. Mary Uduk, Director-General of the Securities and Exchange Commission (SEC), at the weekend in Lagos said its ongoing initiatives as contained in the 10-year capital market master plan are aimed at deepening the market and making it vibrant and more effective.

Addressing newsmen, she explained that the forbearance window for shareholders with multiple subscriptions is still open, urging those yet to regularize shares purchased with multiple identities to do so.

Uduk said: “The Multiple Subscription Committee presented the status of its ongoing engagement with the Central Bank of Nigeria (CBN) and Committee of Heads of Banking Operation, to display multiple accounts regularisation banners in the banking halls all over the country.

“The committee also reported that CMOs (Capital Market Operators) have commenced the filing of a report on regularised accounts with the commission, on a quarterly basis. Given the relevance of this exercise and the need to create more awareness, the committee requested an extension of the deadline of multiple accounts regularisation.”

A statement by Efe Ebelo, Head, Corporate Communications, at the SEC, quoted Uduk as saying the commission has developed a two-pronged approach to addressing intractable challenges associated with the transmission of shares related to the estate of deceased investors.

“The first involves engagement with and enlightenment of the Probate Registry with a view to providing solutions to the cumbersome process of transmitting shares. “Secondly, Rules are being developed around the time frame for transmission of shares and the fee structure,” she stressed.

Uduk said to boost the e-dividend mandate and Direct Cash Settlement initiatives, the SEC is engaging the Nigeria Inter-Bank Settlement System (NIBSS) on behalf of the capital market community to facilitate identity validation and account validation in an effort to enhance market processes.

According to her, the electronic distribution of annual accounts by public companies to shareholders continues to gain traction, as shareholders have largely accepted the new initiative which will ensure timeliness of information and cost reduction to public companies.

“On the need to grow the market for trading in securities on unlisted public companies, we are making concerted efforts in collaboration with CAC and other stakeholders to assist public companies that are yet to register their securities to do so without much difficulty” she added.

Photo caption: Left to right: Registrar/Chief Executive, Chartered Institute of Bankers of Nigeria (CIBN), Oluseye David Awojobi; Acting Director-General, Securities and Exchange Commission, Ms. Mary Uduk and Governor, Central Bank of Nigeria, Godwin Emefiele at the 54th Bankers Dinner held in Lagos at the weekend.

https://investdata.com.ng/2019/12/10-year-master-plan-will-deepen-nigerias-capital-market-uduk/#more

Applications For 2020 Elumelu Foundation Cohort Open Jan. 1

The Tony Elumelu Foundation (TEF), on Sunday, said it will start receiving applications for the next edition of its annual empowerment programme for African entrepreneurs from January 1, 2020.

Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation.

The programme, according to a statement by the foundation, is open to entrepreneurs from across Africa, either with new startup ideas or existing businesses of less than three years old, operating in any sector.

Successful applicants will join the over 9,000 current beneficiaries, from 54 African countries, and receive business training, mentoring, a non-refundable $5,000 of seed capital and global networking opportunities.

Last year, the Foundation received about 216,000 applications, with 42% coming from women entrepreneurs, from every country on the continent.

According to the Foundation’s 2018 Impact Report, 70% of the total number of businesses in its alumni network is still operational two years after benefitting from the Programme. The report also identified an increase of 189% revenue generated and 197% increase in the number of additional jobs created by beneficiaries post-graduation from the programme, as well as a 100% commitment to the Sustainable Development Goals.

The programme is a 10-year, $100m commitment to identify, train, mentor and fund 10,000 young African entrepreneurs, in a bid to create millions of jobs and the revenue required for the sustainable development of the continent.

TEF, seeks to implement through the project, the founder’s philosophy tagged Africapitalism, which positions the private sector as the growth engine for Africa and emphasises the importance of creating social and economic wealth.

https://investdata.com.ng/2019/12/applications-for-2020-elumelu-foundation-cohort-open-jan-1/#more

Corporate Actions For Week Ended Friday, November 29, 2019

https://investdata.com.ng/2019/11/corporate-actions-for-week-ended-friday-november-29-2019/

Price & Earnings Tracking For Week Ended November 2019

https://investdata.com.ng/2019/11/price-earnings-tracking-for-week-ended-november-2019/

CBN To Prioritize Economic Growth, Price Stability, Low Inflation In 2020- Emefiele

Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), on Friday in Lagos said the bank would focus its support on ensuring greater economic growth, price stability and low inflation, in 2020.
In a keynote address at the 54th Annual Bankers’ Dinner organized by the Chartered Institute of Bankers of Nigeria (CIBN), he said the tight monetary policy stance of the CBN would be sustained, lamenting that despite the positive GDP reported so far, growth remains slow.
Speaking on “Strong Sustainable growth for the Nigerian Economy,” he blamed the slow growth on “some structural constraints” in the economy, stressing that the pace of growth, given Nigeria’s population rate, exposed the economy to shocks, such as changes in the oil price, and sentiments in the global financial markets.

On plans by the CBN to support the economic recovery and enable stronger GDP growth, Emefiele promised that the CBN would continue its current tight stance, particularly in view of rising inflation expectations.
“Though we will act to appropriately adjust the policy rate in line with unfolding conditions and outlooks, the CBN will continue to ensure that the policy interest rate is delicately set to balance the objectives of price stability with output stabilization,” he explained.
Doing a recap of the highlights for 2019, Emefiele recalled that the country’s GDP had remained positive, adding that the positive growth in GDP had been driven by improvements in agriculture, oil and gas, manufacturing and ICT, as well as the intervention programmes of the CBN, along with sustained supply of foreign exchange and stability of the naira.
He also attributed the decline in inflation to the CBN’s maintenance of a tighter monetary policy rate at 13.5%, and its efforts at improving local production of key staple items.
Speaking further, he said the Nigerian financial system was now stronger due to the fact that capital buffers and liquidity in the banking system have continued to improve.

According to him, industry-wide Capital Adequacy Ratio(CAR) had increased from 10.2% in December 2017 to 15.5% in September 2019, adding that the percentage of non-performing loans in the banking sector reduced from a high of 14.7% in January 2017 to under 7% by October 2019.
He also noted the improved credit conditions in the banking system, supported by the CBN’s new policy measures announced in June 2019, which require banks to maintain a minimum 65% loan to deposit ratio. Furthermore, he said banks in the country are now able to recover delinquent loans from customers’ accounts in other banks, adding that the measures now placed Nigerian banks in a much better position towards supporting a stronger economic recovery. This, he added, had increased gross credit by N1.16 trillion between May and October 2019.
On the country’s External Reserves, the Governor said the Bank’s effort at supporting domestic production in the agriculture and manufacturing sectors among other policies continue to encourage foreign exchange inflows into the Nigerian market.

According to him, over $60bn worth of transaction had taken place since the inception of the Investors’ and Exporters’ window in April 2017, adding that Nigeria’s foreign exchange reserves were above $40bn as at October 2019, compared to $23bn in the same period in 2016.
The governor also highlighted the CBN’s development finance efforts, which he said had been sustained to support growth in critical sectors of the economy such as agriculture and the manufacturing sectors, through programmes such as the Anchor Borrowers’ Programme, the Commercial Agriculture Credit Scheme and the Bankers Committee Agri-Business/Small and Medium Enterprises Investment Scheme(AGSMEIS).
Alluding to the economic face-off between some countries, as well as the likely challenges the economy could face due to moderate oil prices, he stressed the need for Nigeria to build up the necessary buffers that would protect the economy from pressures in the global market. He then restated the need to boost local production and diversify the country’s export base.

“We should encourage Nigerians to consume goods that can be produced in Nigeria, knowing full well that a time will come when we may not have the foreign exchange to aid such activities if we continue to rely on earnings from the export of crude oil,” he emphasized.
Recalling the country’s economic glorious past when the economy was heavily reliant on agriculture, with increased cultivation and exports of primary products such as cocoa, palm oil, cotton and groundnut, Emefiele argued that a productive Nigerian economy that is not reliant on exports of crude oil is possible.
He urged all stakeholders to believe in Nigeria’s greatness, stressing that the country was blessed with abundant human and natural resources, which if truly harnessed would propel Nigeria into one of the world’s top 20 economies.
“We must redouble our efforts to continue to support actions by the monetary and fiscal authorities to diversify the base of the Nigerian economy through encouragement of made in Nigeria products.

“We must also consume what we produce and produce what we consume. We must discourage the propensity to import what can be produced in Nigeria. This is because if we do not reduce import, the same imports will kill us knowing full well that such activities do not aid our efforts to create jobs and support the growth of our local industries.
“If we choose to follow the trend of supporting imports of goods that can be produced in Nigeria, we will lose jobs, our industries will die and insecurity and other social vices in our land will continue to increase. We must choose this alternative path of improving domestic production, which will support the growth of our local economy,” he charged.

As part of the Bank’s priorities for 2020, he said the CBN was determined to maintain its stable exchange policy stance in the near to medium term given the relatively high level of reserves. He said the Bank would also sustain these efforts in 2020 as part of our plan to reduce our financial exclusion rate to under 20% over the next year.
The governor said the apex bank will also improve access to credit for farmers and SMEs by deepening its intervention efforts through the Anchor Borrowers’ Programme, Commercial Agriculture Credit Scheme and the Real Sector Support Funds, amongst others. Similarly, he said the Bank, in pushing to improve access to finance and credit, would protect them from unfair banking and lending practices by maintaining oversight on the banks and other financial institutions.

In addition to making sure that financial institutions support the growth of the real sector, Emefiele said the CBN, working with the Nigerian Export-Import Bank (NEXIM), improved access to the N500bn facility designed to support the growth of Nigeria’s non-oil exports.
While disclosing that the CBN, working with the fiscal authorities, will support the recovery of the economy, the governor reiterated that Nigeria is open to business, urging investors to take advantage of the investment opportunities in Nigeria. He assured that investments in Nigeria would be duly protected by the authorities.
The CBN boss also spoke of plans to establish a Bankers’ Charitable Endowment Fund that will finance a major charitable initiative yearly from 2020.
The Bankers’ Charitable Endowment, he stressed, will directly fund strategic social programmes in states and local communities across Nigeria. He expressed the hope that the Fund would spur a trend across other industries and sectors to collaborate and work together to better the lives of all Nigerians.

https://investdata.com.ng/2019/11/cbn-to-prioritize-economic-growth-price-stability-low-inflation-in-2020-emefiele/

Is Nigeria’s Stock Market Recovery In The Offing?

The nation’s stock market and, indeed, the economy, has over the past 22 months has mostly been bearish, besides favouring high yield-sensitive sectors over the real sectors that drive economic growth.
Evidence of this is the national productivity that has for almost 13 quarters struggled with a slower-than-expected GDP growth rate, with undulating movement resulting from geopolitical uncertainties and inconsistent economic policies.
The situation has been made worse by the high cost of funds which has limited private sector access to liquidity needed to boost economic activities for driving national growth and oil macroeconomic progress and prosperity.

Every in the world today, stock markets are a leading indicator of what is happening, just as at the same time they foretell what is about to happen.
The case of the Nigerian stock market is not different. As early as almost six years ago in earlier in 2014 and 2015, the benchmark All-Share index of the Nigerian Stock Exchange (NSE) has betrayed signs of a weak economy with its dominant bearish posture long before the economy finally slipped into recession in 2016. The economic recession came after three consecutive years of negative close by the NSEASI, just as other macroeconomic indicators during the period were negative. It reflected a lack of consumer and investor confidence, with the Naira exchanging for as high as N520 against the U.S Dollar, the GDP was in negative and inflation was ballooned, resulting to imported inflation due to high exchange rate.
To check the situation, recall that the Central Bank of Nigeria, through a bouquet of new policies, intervened in the exchange rate market, introducing the exporters and investors window to provide funds for eligible imports. This was after 41 goods were barred from access to the official foreign exchange window, a situation that boosted manufacturing sector activities and earnings capacity.

The I&E forex exchange window initiative was of great help, as it mitigated the losses that wiped away company profits in the 2016 financial year, as seen in the seeming improved corporate earnings of listed companies in 2017.
According to Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) on Friday in Lagos, the I&E window has recorded over $60bn worth of transaction since its inception in April 2017. This has helped to sustain the economic recovery while supporting stock prices in addition to attracting smart money into the market.

Closing their two-day meeting on Tuesday, all 11 members of the CBN’s Monetary Policy Committee (MPC), had in line with the expectations of Investdata Research and other analysts, unanimously voted to retain the benchmark Monetary Policy Rate (MPR) at 13.5%, among others. One reason for the decision to hold rates by the MPC was the spike in inflation rate for the second consecutive month to 11.61% from 11.24% in September, due to a combination of the Federal Government’s closure of Nigeria’s land borders; and poor harvest season, among others.
The committee opted to observe the impact of various unconventional policies and directives of the CBN, for deciding what its next policy option would be.
We note also that this cocktail of policies has helped to trigger national productivity as revealed by the recently released Q3 GDP rate, which grew at 2.28% (READ MORE).

The decision of the MPC to leave the various instruments unchanged was also to protect the nation’s external reserve, as any form of adjustment down may trigger selloffs by foreign portfolio investors in any of the windows which may further exert pressure on an already declining reserves. The oil price oscillation and the future oil market have made the MPC call for a review of the 2020 budget oil benchmark price to $57 per barrel in order to build a fiscal buffer to stimulate the economy.
The usual seasonal demand boost in the fourth quarter could push growth up to 2.48% or so this year. The other drivers are a small rise in crude output and the proposed adjustment of the national budget cycle to January- December calendar year to enhance planning. The CBN policies and directives seem to be addressing age-long problems that have constituted major impediments to economic growth.
The weak economic growth and this prolonged bear market are coming to an end, here is what to do and when. Nothing lasts forever, including the bear or bull markets.

The ongoing market correction remains the longest in the recent bear market and would definitely come to an end. Everyone knows that already, but those who have tried to predict when that end would come have obviously been proven wrong. There are lots of studies that say investors can’t time the market, meaning you can’t be a successful investor if you jump in and out of the market every time you think it’s turning down or up again.
So, here is how to tell if this bear market is ending, when it has actually ended, and most importantly what to do to recover your losses and grow capital by making a fortune when the bulls go crazy.

Market Timing Is Everything
Timing the market, to me, is about knowing when bears are exiting and riding bulls’ markets, recognizing when they are ended. This broad-based timing has made discerning investors and traders wealthy. The most successful and richest traders and investors in history time the markets, like we do at Investdata, especially during the annual investment summit and which we are poised to undertake at the forthcoming INVEST 2020 Summit.
And yes, you can include Warren Buffett in the list of successful billionaire market timers, along with George Soros, Carl Icahn, Steve Cohen, David Tepper, Michael Steinhardt, Paul Tudor Jones, Sir John Templeton, the list goes on. If you don’t know Warren Buffet engages in market timing and trades, then there are things you do not know him.

Success in investment timing involves weeks, months and even years of painstaking research.
Think of good timing in terms of a calendar. Timing in terms of days and weeks is for traders. Think of that kind of timing like clockwork.
Not that there is no money to be made trading short-term. Surely, there is, and we have done that for years. It is just not for everyone, because most people do not have the time to trade for a living like successful traders who make millions every year from trading.
Smart investors make extraordinary gains in bull markets because bull markets can last a long time, depending on the factors driving the market.
Every bull and bear market is unique. What is important is knowing when they are beginning and ending. The positive end of November is signal that the regulatory directive of the CBN, Securities and Exchange Commission, and the Nigerian Stock Exchange are shaping the market with investors buying interest and positive sentiments continue to look up. Note that, high cap equities and a few blue chips price movements have been sluggish, arising from the new price methodology introduced, which re-adjusted volume allowed to move prices.

On the strength of the above, we believe that playing listed equities of choice by their respective trends is an intelligent trading strategy at the moment. Also observed is the fact that equities selling below N1.00 are now highly volatile since the low fund is required to move their prices. Few traders are believed to be enjoying short-term capital appreciation through these listed equities.

One major attraction to the equities market at the moment is the recent drop on the 364-day Treasury bill yield which has trended around 10% over the past week, in other words, funds seeking higher returns are currently finding their ways into the equities market not minding the higher risk.
The market at this point of recovery is likely to experience up and down movement but investors should not panic out of position, rather we recommend that traders should take timely advantage of low prices around the market to accumulate. The expected December rally was projected on the fact that Nigerian Equities Market has more than three years record of Santa Claus rally supported by year-end portfolio balancing and window dressing.

https://investdata.com.ng/2019/11/is-nigerias-stock-market-recovery-in-the-offing/

The various facilities that we have are;

Fast, Reliable Internet
Free wifi services will be made available for customers for communication with business associates and carry out a work schedule, while also keeping in touch with family and loved ones.

Easy Check-In
Our management has a quick, painless, and flexible check-in process after the hassle of traveling. To ease the burden for some travelers exhausted after a long trip from their various destinations. We have someone at the reception desk at all times to attend to their various needs.

Transportation Information
Cheekers Inn Ltd is located at Marine road GRA apapa, by 2nd Badagry Bus-stop, we have a good access road from Area B police barrack through point Road, or you can locate us through Liverpool road apapa, if you are coming through Apapa Port or from Tin Can Port. The neighborhood is secured and has good access roads.

Nutritious Breakfast Offerings
To be up to speed in service delivery for travelers who are always on the go. Our kitchen in house restaurant staff is on standby to serve our clientele good-tasting, healthy breakfast that is both quick and filling. We are also specializing in local cuisine. All at affordable prices.

Hotel Bar
We have a well structured and organized indoor guest bar for clientele to relax after a hard day’s work. This is open 24 hours prior to the satisfying of our customer’s needs and wants.

Comfortable Beds
After an exhausting business trip, we have instilled a comfortable bed and pillows made from all-natural fibers to help deliver a good night’s sleep.

Peace & Quiet
After the hassle of traveling and the strains of working, business travelers need their sleep. To be refresh, energies and ready for the next day task.


SUITES AND ROOM PRICES

​Super Executives : ₦35,000
Executives : ₦33,000
Royal: ₦30,000
Super ​Standard: ₦18,000
Economy: ₦15,000

Contact us @
WhatsApp: 07032522376
Call: 08141120809 | 08153043876 | 08033011791

Address : 45B Marine Road GRA, Apapa, Lagos

Cheekers Inn Ltd is located at apapa which is the major seaport of the city of Lagos, Nigeria and is located to the west of Lagos Island. We are also five minutes away from the Shoprite shopping mall apapa and the apapa club. We have put in instill standard facilities in each room such as an Air condition, wardrobe, reading desk, and a flat-screen TV to ensure you have a memorable experience of your stay with us. With the expectation of repeat patronage. The various facilities that we have are;

Fast, Reliable Internet
Free wifi services will be made available for customers for communication with business associates and carry out a work schedule, while also keeping in touch with family and loved ones.

Easy Check-In
Our management has a quick, painless, and flexible check-in process after the hassle of traveling. To ease the burden for some travelers exhausted after a long trip from their various destinations. We have someone at the reception desk at all times to attend to their various needs.

Transportation Information
Cheekers Inn Ltd is located at Marine road GRA apapa, by 2nd Badagry Bus-stop, we have a good access road from Area B police barrack through point Road, or you can locate us through Liverpool road apapa, if you are coming through Apapa Port or from Tin Can Port. The neighborhood is secured and has good access roads.

Nutritious Breakfast Offerings
To be up to speed in service delivery for travelers who are always on the go. Our kitchen in house restaurant staff is on standby to serve our clientele good-tasting, healthy breakfast that is both quick and filling. We are also specializing in local cuisine. All at affordable prices.

Hotel Bar
We have a well structured and organized indoor guest bar for clientele to relax after a hard day’s work. This is open 24 hours prior to the satisfying of our customer’s needs and wants.

Comfortable Beds
After an exhausting business trip, we have instilled a comfortable bed and pillows made from all-natural fibers to help deliver a good night’s sleep.

Peace & Quiet
After the hassle of traveling and the strains of working, business travelers need their sleep. To be refresh, energies and ready for the next day task.

Our room prices are relatively affordable.
Our room prices are relatively affordable.

SUITES AND ROOM PRICES

​Super Executives : ₦35,000
Executives : ₦33,000
Royal: ₦30,000
Super ​Standard: ₦18,000
Economy: ₦15,000


Book or Enquire NOW:
WhatsApp: 07032522376

Reception : 08141120809 | 08153043876 | 08033011791

Address: 45B, Marine Road, Apapa GRA, Lagos.

Email: cheekersinnltd@gmail.com

Nigeria’ll Be Among World’s Most Liquid Capital Markets By 2025- SEC

The Securities and Exchange Commission, (SEC), on Monday in Abuja restated its commitment to ensuring that the country’s Commodities Ecosystem becomes vibrant and contributes to economic development
Acting Director-General of the SEC, Mary Uduk gave this assurance at the opening of a two-day capacity building programme on the commodities trading ecosystem for the staff of some federal ministries.
Already, she said, the commission is collaborating with relevant stakeholders to implement the 10-year capital market master plan aimed at transforming Nigeria into one of the world’s most liquid capital markets and Africa’s largest economy by 2025.
To achieve the target, however, she stressed the need for the Nigerian capital market to operate at an optimum level, even as the implementation of its 10-year master plan remains a priority.

Ahead of that target, however, she underscored the need for a vibrant commodities ecosystem to enhance the diversification of Nigeria’s economy from oil to the non-oil sector, while in the process boosting the government’s revenue stream and foreign exchange earnings.
Uduk, who was represented by Head, Registration, Exchanges, Market Infrastructure and Innovation at the commission, Emomotimi Agama, said “one of the crucial initiatives of the plan was to develop thriving commodities trading ecosystem and fully utilise the nation’s potentials.

“We believe that if we can develop a vibrant commodities trading ecosystem in Nigeria, we can substantially address lack of storage, poor pricing, non-standardisation and low contribution of foreign exchange affecting our commodities sub-sector,” the SEC boss stressed.
Commodity exchanges, Uduk continued, are critical to economic growth, especially in the areas of price transparency and value addition to farmers, ensuring quality products for buyers and providing investment opportunities across the value chain.
For her, Nigeria is still challenged in the area of transiting from an informal commodity trading system to one consummated on the platforms of commodity exchanges.

One of overcoming this, according to the SEC boss, is for the country to pay adequate attention to agriculture, and in the process, boost food security, enhance job creation and facilitate the production of raw materials for agro-processing.
The training is being organised in two tranches, the first tranche consists of staff of the Federal Ministry of Agriculture and Rural Development.

Photo caption: Head Registration, Exchanges, Market Infrastructure and Innovation Department, Securities and Exchange Commission, Emomotimi Agama, Managing Director, Nigeria Commodity Exchange Hajia Zaheera Baba-Ari and Divisional Head, Commodity Exchange Division SEC Mrs. Ojone kabir, during a Capacity Building Program on Commodities Trading Ecosystem for Staff of the Federal Ministries in Abuja, Monday.

https://investdata.com.ng/2019/11/nigeriall-be-among-worlds-most-liquid-capital-markets-by-2025-sec/

Getting Women In Driver’s Seat Of Africa’s Agribusiness Revolution

By Mariam Yinusa and Edward Mabaya
More African female agripreneurs must be supported to grow and progressively transition into the business segments of agricultural value chains which are most profitable
Monica Musonda, CEO of Zambian food processing company Java Foods (https://Java-Foods.com/), certainly faced hurdles in her rise to the top, but she overcame them.
“Although the barriers to entry for women can be frustrating, they are often basic and relatively easy to resolve,” she said, playing down her struggles.
“My climb up the agribusiness ladder has been challenging but definitely worthwhile.”
Musonda, whose company produces affordable and nutritious food snacks made from local ingredients, is one of just a handful of female agripreneurs who have successfully broken through the proverbial glass ceiling in Africa’s agribusiness (https:///2QJrnjY) industry.

Women are the backbone of Africa’s agricultural sector. From farm to fork, African women are players along the entire agricultural value chain, be it as farmers, livestock breeders, processors, traders, workers, entrepreneurs or consumers. While their influence on the continent’s growing agribusiness industry is undeniable, more solutions are needed to address the gender-specific challenges they face to boost their participation.
The average African woman is a budding entrepreneur either by choice or by circumstance. According to the Global Entrepreneurship Monitor Women’s Report 2016/17 (https:///2KRkpWt), the continent has the highest percentage of female entrepreneurs in the world, with one in four women starting or managing a business. The agribusiness industry is often the natural focus of this entrepreneurial drive.

Across the continent, women dominate as primary processors post-harvest, as traders with bustling market stalls, as owners of fast-food restaurants and with increasing frequency as manufacturers of packaged ready-to-eat food products. Yet despite this dynamism, female-led agribusinesses tend to remain small, fragmented and informal in nature. They struggle to sustain and scale-up their agribusinesses into well-organized profitable enterprises.

Admittedly, the challenging business environment in many African countries including poor infrastructure and unreliable legal and regulatory systems affects all business activities of both men and women. However, in addition, women-led businesses must also grapple with a number of gender-specific constraints, inhibiting their expansion into more lucrative market segments.
Firstly, African women often lack the technical know-how. Despite the gains in female education on the continent, highly productive agribusinesses require specialized vocational and technical skills in fields such as food safety, food conservation, packaging and product certification which many African women do not readily possess.

Access to finance is the most frequently cited obstacle by African SMEs. Women entrepreneurs face multiple difficulties in securing funding mainly due to lack of collateral in the form of land and other tangible assets and a high-risk perception. According to the African Development Bank, an estimated $42 billion financing gap exists for African women across business value chains, including $15.6 billion in agriculture alone. Women are forced to rely on personal savings and family loans which are rarely enough to fund their businesses to scale.
Thirdly, socio-cultural barriers and stereotypes persist. African women remain the primary caregivers in families meaning that managing those responsibilities while growing a thriving business can become a difficult balancing act.

Over the last two decades, many governments and development institutions have rolled out programs to promote access to finance, agricultural inputs and provide technical support and business training to female agripreneurs. The African Development Bank recently set up the Affirmative Finance Action for Women in Africa (AFAWA) (https:///37CyW1G), a bold pan-African initiative to bridge the financing gap facing women. It adopts a three-pronged approach centered on improving access to finance, providing technical assistance and strengthening the enabling environment.
It often takes very little to make a difference. The capital injection required by the majority of female-led SME agribusinesses on the continent is typically less than $50,000. And women have consistently proven to be more credit-worthy than men, usually paying back loans within agreed timeframes. Successful solutions by women for women such as microfinance and saving groups, peer-to-peer training and information sharing should also be reinforced and taken to scale.

More
such initiatives are urgently needed across the continent. Solutions must be based on in-depth engagement with the women business owners themselves to properly understand their frustrations and needs. Tailored programs designed to specifically address these pain points are critical. The Global Gender Summit (https:///35w2M6b) is a timely opportunity to drive this forward.
Women are central for Africa’s agricultural transformation to be successful, sustainable and inclusive. More African female agripreneurs must be supported to grow and progressively transition into the business segments of agricultural value chains which are most profitable. It has been proven time and time again that when African women thrive the entire society shares in those dividends.

Yinusa and Mabaya are Principal Economist and Manager, respectively, in the Agribusiness Development Division of the African Development Bank.

https://investdata.com.ng/2019/11/getting-women-in-drivers-seat-of-africas-agribusiness-revolution/

UKDIT Showcases Major Investors In London To 100 Nigerian Businesses

Ahead of the UK-Africa Investment Summit on January 20, 2020, in London, the UK’s Department for International Trade recently hosted over 100 Nigerian businesses and potential UK investors at an investment showcase in London.
The showcase, in collaboration with the City of London, highlighted opportunities in some of the many viable projects in the West African nation across the agriculture, energy, healthcare, infrastructure, and ICT sectors.

The summit, according to a statement, supports the UK’s clear vision of working together with African countries and forging new investments that will create jobs, and boost mutual prosperity through strong and enduring partnerships.
The vent brought together leading figures in the public and private sectors, investment funds, and financial institutions as the UK pursues its ambition of being the largest G7 investor in Africa by 2022, just as it outlined progressive investment prospects in the Nigerian market today to UK investors.
In his opening remarks, former Lord Mayor of the City of London, Sir Charles Bowman, recalled that the UK is already a significant direct investor in Nigeria, noting the strong relationship that already exists between Nigeria and the City of London.

For example, he continued, “Nigeria is the second-largest destination of UK investments in Africa, with £5.1bn of investment stock, and one-fifth of FTSE 100 companies having some form of presence in Nigeria.”
Continuing, he put total trade in goods and services between the UK and Nigeria in 2018 and 2019 at £5.1bn, representing “an increase of 19.3% from the previous year, which illustrates the size and strength of trade and investment relationship between our two countries.”
In a keynote address, Nigeria’s Minister of Trade and Investment, Adeniyi Adebayo said as part of realising “our national economic objectives, the Nigerian government has begun implementing new initiatives to aggressively improve the ease of doing business and is supporting investors through wholesale reforms, tailored investor incentives, bilateral investment agreement and a pipeline of continuous opportunities…”

Deputy High Commissioner to Nigeria, Harriet Thompson, facilitated, just as Seso Global, Farmcrowdy, Nordica Fertility Centre, jetWest Airways, Channeldrill Resources Ltd and Century Energy Services and other Nigerian businesses presented their projects to investors from Credit Suisse, Infraco Africa, Standard Chartered, Black Rock, CDC, JP Morgan, Helios Investments and Wood group among others.
Other speakers included the DIT’s Director General for Exports, John Mahon, Executive Secretary/CEO, Nigeria Investment Promotion Commission, Yewande Sadiku, and chief executive of Nigeria Sovereign Investment Authority, Uche Orji.

https://investdata.com.ng/2019/11/ukdit-showcases-major-investors-in-london-to-100-nigerian-businesses/