Nigeria’s December Inflation Grows By 11.98%, Peaks In Bauchi, Kebbi

Nigeria’s National Bureau of Statistics (NBS), on Friday, published the country’s consumer price index (CPI), showing that inflation rate soared by 11.98% year-on-year in December 2019, representing 0.13% rise over the preceding month’s 11.85%.
According to the report, month-on-month headline index climbed 0.85% up, after dropping 0.17% below the 1.02% reported in November; even as the average composite CPI for the 12-month period ending December 2019 over the average of the CPI for the previous 12-month period stood at 11.4%, as against 11.35% recorded in November 2019.
The urban inflation rate increased by 12.62% YOY in December 2019 from 12.47% in November 2019, while the rural inflation rate increased by 11.41% in December 2019, from 11.3% in November 2019.
MoM, the urban index rose by 0.9% in December 2019, a 0.17% drop from 1.07% recorded in November 2019, while the rural index also rose by 0.82% in December

2019. This was down by 0.16% from the 0.98% rate recorded in November 2019.
The corresponding 12-month year-on-year average percentage change for the urban index is 11.83% in December 2019, higher than 11.75% reported in November 2019, while the corresponding rural inflation rate in December 2019 is 11% compared to 10.98% in November 2019. According to the NBS, the composite food index for the period under review rose by 14.67%, compared to 14.48% in November 2019, caused by increases in prices of bread and cereals, meat, fish, oils and fats, potatoes, yam, and other tubers.

On MoM basis, the food sub-index increased by 0.97% in December 2019, down by 0.28% from 1.25% recorded in November 2019; following which average annual rate of change of the Food sub-index for the 12-month period ending December 2019 over the previous was 13.74%, as against the 13.65% average annual rate of change recorded in November 2019.
The ”All items less farm produce” or Core inflation, which excludes the prices of volatile agricultural produce stood at 9.33% in December 2019, a 0.34% growth when compared with 8.99% in November 2019.
On month-on-month basis, the core sub-index increased by 0.81% in December 2019, compared with 0.79% recorded in November 2019, with the highest increases recorded in prices of hospital services, hairdressing saloons and personal grooming establishment, garments, repair and hire of footwear, vehicle spare parts, passenger transport by air, shoes and other footwear, clothing accessories and cleaning, among others.

On a state-by-state basis, according to the NBS report, headline inflation YoY, was highest in Bauchi, 15.14%; Kebbi, 14.43%; and Plateau, 14.34%; while Abuja recorded the slowest growth of 9.77%; followed by Kwara’s 9.93%; and Katsina, 10.68%. On month on month basis, December 2019 all items inflation was highest in Kogi at 2.42%; Bauchi, 1.98%; and Kaduna, 1.81%; while Edo recording price deflation or negative inflation (general decrease in the general price level or negative inflation rate; followed by Delta, with 0.08% rise; and Kwara, 0.19%, recording the slowest rise on month on month inflation.

Food inflation was at its peak YoY during the period under review in Sokoto at 17.75%; Ogun, 17.37%; and Plateau, 16.75%. Growth in inflation rate in December was, however, slowest in Bauchi, 12.19%; Delta, 12.72%; and Bayelsa, 13.26%; while MoM, food inflation was highest in Kogi, 2.82%; Kaduna, 2.63%; and Abia, 2.21%. Growth was slowest MoM in Delta, Edo, Imo, and Kwara, as they recorded price deflation or negative inflation, defined as a general decrease in the general price level of food or a negative food inflation rate.

https://investdata.com.ng/2020/01/nigerias-december-inflation-grows-by-11-98-peaks-in-bauchi-kebbi/#more

currentprice:




i can bet my portfolio Agba never sell anything

i predicted on this forum what Agba will BUY even before he announce he bought UACN in first week of January

if i no sabi anything i sabi read Agba and oracle mind/body language well well, all my stock investment strategy build around them

Agba still have uacn in his porfolio though he mention N20 to be his selling junction but he will sell before the N20 except if the mkt pointing to something great, if that so Agba will likely hold uacn beyond this year

oracle concentrated on banking portfolio he sold all or left with insignificant stock in his portfolio. i no blame him cos if all this cbn policy affect banks to declare reduce earnings with less dividend compare to the previous year na die be that plus the event around the world he believes it time to hold cash so those saying oracle is looking to reenter the mkt are very wrong, not at this time oracle selling shouldn't be surprise even when he was jn bullish mood yet keep cautioning investors on d possibility of QE , devaluation, world recession etc coming soon this year. he took d risk of holding till this year self i expect him to hav jaaa since December

finaly those two can joke but doesn't deceive

You might be right though that he hasn't sold. But i have this feeling that he has vacated the market quietly.

Agba is a genius

currentprice:




i can bet my portfolio Agba never sell anything

i predicted on this forum what Agba will BUY even before he announce he bought UACN in first week of January

if i no sabi anything i sabi read Agba and oracle mind/body language well well, all my stock investment strategy build around them

Agba still have uacn in his porfolio though he mention N20 to be his selling junction but he will sell before the N20 except if the mkt pointing to something great, if that so Agba will likely hold uacn beyond this year

oracle concentrated on banking portfolio he sold all or left with insignificant stock in his portfolio. i no blame him cos if all this cbn policy affect banks to declare reduce earnings with less dividend compare to the previous year na die be that plus the event around the world he believes it time to hold cash so those saying oracle is looking to reenter the mkt are very wrong, not at this time oracle selling shouldn't be surprise even when he was jn bullish mood yet keep cautioning investors on d possibility of QE , devaluation, world recession etc coming soon this year. he took d risk of holding till this year self i expect him to hav jaaa since December

finaly those two can joke but doesn't deceive

Thanks CP.

At least you know all events I have been monitoring and my concerns even when I was invested in the market.

currentprice:
@ sellydion, Oracle I know is not jijo person. I think he sold to buy more quantity with the proceed later in the year. It is a calculated exit with his forward looking event that may likely tank d mkt this year. Hope he is wrong sha cos I am fully inside d mkt like every one here

The previous fidelity he sold around January 2018 was held for about 4 years

Na you get time to reply people. Let them have any impression they want to have.

Cadillac15:


You might be right though that he hasn't sold. But i have this feeling that he has vacated the market quietly.

Agba is a genius

Genius bawo abi boys dey hustle

Agbalowomeri:


Genius bawo abi boys dey hustle

Loooooool

Even Oga Agbalowomeri sells his uacn , am not selling mine till km 20, and even to hold my kaya till the unbundling to get my free shares of the unbundling.

Am even waiting for uacn to reverse to km8 to 9, to load more.

RabbiDoracle:


Na you get time to reply people. Let them have any impression they want to have.

Oga your boys know say you no de do JIJO. ...

Just tell us when you go re-enter market a beg

Agbalowomeri:


Not at the same rate for the new price uptick
Price almost making a new high but RSI is somewhat lagging behind
Not very clearly formed though

Thanks for the explanation sir

RabbiDoracle:


That was why he put a caveat there that the new week needs a bullish momentum.

He knows what he saw. The double top he laughed at me when I mentioned is what he is seeing now. Something that other tools had already pointed at before it happened.

Las las, all of us go dey well.

Much appreciated my oga. Make we dey watch how things pan out

T-Bills Investors to Demand Higher Rate Amid Rising Inflation
**As N106bn Bond Coupon Payments Impact System Liquidity
https://businesspost.ng/economy/t-bills-investors-to-demand-higher-rate-amid-rising-inflation/

NASD Unlisted Securities Market Records 909% Rise in Trading Volume
https://businesspost.ng/economy/nasd-unlisted-securities-market-records-909-rise-in-trading-volume/

13 Stocks Keep Local Bourse Bullish by 0.91%
https://businesspost.ng/economy/13-stocks-keep-local-bourse-bullish-by-0-91/

Humm! why you dey vex!

When you hit Us we are not complaining brother ooo

RabbiDoracle:


Na you get time to reply people. Let them have any impression they want to have.

To the ogas familiar with charts, can you please explain what the numbers in the charts below imply or direct me to where I can get an explanation to it. Thank you very much.
cc: fxuser,bullbearmkt,rabbioracle,agbalomeri, currentprice

The Breakout

TIME WILL TELL

In a move that resembles that of Mr. Magic, the CBN crashed interest rate on bank deposits to the low single-digit level.
A 50million naira 30 days fixed deposit for example now attracts only a maximum of 4 percent as against an average of 10 percent as of November last year.
To achieve this fete, the CBN simply tinkered with the loan to deposit ratio for banks by moving it up. It also restricted some active players from participating in the debt market (treasury bills and bonds).
As a result, the last treasury bill auction by CBN attracted only 5.1% as against an average of 13% last year.

Advantages:
-Lower deposit rates should usher in lower lending rates from banks to manufacturers etc, which is the primary desire of the government.
-The stock market which has been in the doldrums for upwards of three years has witnessed a positive resurgence due to the inverse relationship that exists between low-interest rate and capital market. When the interest rates on deposits become unattractive, investors are then willing to take on the extra risk of putting money in the stock market for better yield.

Disadvantages:
-There is significant value erosion in putting money in the banks since the interest rate offered currently is less than the inflation rate which stands at about 12%.
- The exchange rate may come under pressure as a result of investors moving there deposited funds out of banks to buy FX.
-Foreign portfolio investment (FPI), especially in our debt market, will decrease because foreign investors will find low-interest rates unattractive for arbitrage. This will consequently decrease FX inflows into the economy.
- The bank's profit earnings in 2020 may take a significant haircut because of lower margins and depositors fleeing to other investment destinations.

Take Away:
-There is a positive confluence of opinion on CBN’s move at this time stemming from the general outcry by manufacturers and others whose businesses have
been stifled by high-interest rates.

-The CBN will continue to hope that crude oil prices remain stable or higher, else, defending the currency may become a challenge.

Finally, by playing around with the macroeconomic variables, the CBN seems to have succeeded for now in lowering the interest rate. If sustained, this can have a positive impact on the GDP growth and also bring back life into the economic value chain.

Time will tell........

https://investdataltd..com/2020/01/time-will-tell.html

Any better way to reach out to CSCS for Account Statement, I sent mail to contact@cscs.ng for past 5days and no response.

OBAGADAFFI:


Good, reach-out to CSCS first before getting a new Broker.

You may contact CSCS through this email address: info@cscsnigeriaplc.com

Danniee:
Any better way to reach out to CSCS for Account Statement, I sent mail to contact@cscs.ng for past 5days and no response.

you may contact CSCS through this email address: info@cscsnigeriaplc.com

Danniee:
Any better way to reach out to CSCS for Account Statement, I sent mail to contact@cscs.ng for past 5days and no response.

If you live in Lagos, I will advise you visit CSCS of at 2/4, Customs Street, Marina Rd, Lagos.

They will sort out this issues with hours.

Go with your documents and any form of ID .

masterminderic:
you may contact CSCS through this email address: info@cscsnigeriaplc.com

Also
info@cscs.ng

Investdata Weekly Sentiment Report as of January 20th, 2020

NSEASI buy 72% sell 28% volume index 1.72 MFI 70.65
Access buy 81% sell 19% volume index 2.09 MFI 72.43
Afrprud buy � volume index 1.86 MFI 70.90
Aiico buy � volume index 1.39 MFI 70.47
Beta buy 91% sell 9% volume index 16.78 MFI 100.00
Cadbury buy � volume index 2.29 MFI 47.09
Caverton buy 0% volume index 1.49 MFI 57.18
Chams buy 33% sell 67% volume index 1.20 MFI 62.55
Chiplc buy 0% volume index 1.45 MFI 41.27
Cileasing buy � MFI 37.91
Corner buy 62% sell 38% MFI 66.02
Courtville buy � volume index 0.93 MFI 70.78
Cutix buy 0% MFI 69.99
Dangcem buy � volume index 1.09 MFI 45.92
Dangsugar buy 37% sell 63% MFI 87.70
Eti buy 58% sell 42% volume index 0.79 MFI 42.01
Fbnh buy 60% sell 40% volume index 0.95 MFI 59.38
Fcmb buy 45% sell 55% volume index 1.37 MFI 65.68
Fidelity buy 68% sell 32% volume index 1.02 MFI 71.23
Fidson buy 0% volume index 2.58 MFI 31.80
Fmn buy 50% sell 50% volume index 2.42 MFI 96.61
Fo buy � volume index 1.44 MFI 73.50
Glaxo buy � volume index 1.58 MFI 18.22
GT buy � MFI 64.27
Honyflour buy 20% sell 80% volume index 1.43 MFI 81.54
Jaiz buy 50% sell 50% MFI 88.52
Japaul buy 0% volume index 1.34 MFI 19.64
Jberger buy 0% volume index 3.82 MFI 100.00
Lasaco buy 25% sell 75% volume index 1.95 MFI 55.17
Linkass buy 67% sell 33% volume index 2.16 MFI 63.72
Lvstk buy 56% sell 44% volume index 1.86 MFI 69.23
Mansard buy 0% volume index 1.12 MFI 81.06
Mtnn buy 55% sell 45% volume index 1.98 MFI 47.02
Nahco buy 33% sell 67% volume index 3.25 MFI 59.51
Nem buy 0% volume index 1.67 MFI 57.82
Npf buy 19% sell 81% volume index 1.47 MFI 60.34
Oando buy 17% sell 83% volume index 1.16 MFI 60.09
Prestige buy 80% sell 20% MFI 67.49
Seplat buy 0% volume index 9.10 MFI 45.71
Sovereins buy 0% volume index 1.49 MFI 61.38
Stanbic buy � volume index 1.10 MFI 78.20
Sterling buy � volume index  0.71 MFI 77.95
Transcorp buy 25% sell 75% volume index 1.13 MFI 52.61
Uacn buy 61% sell 39% volume index 1.68 MFI 92.44
Uba buy 79% sell 21% volume index 2.35 MFI 82.01
Ubn buy 0% volume index 0.75 MFI 21.88
Ucap buy 86% sell 14% volume index 1.11 MFI 65.49
Unilever buy 63% sell 37% volume index 1.23 MFI 33.11
Uniondac buy 0% volume index 13.97 MFI 0.60
Unity buy 62% sell 38% volume index 1.90 MFI 46.29
Upl buy 25% sell 75% volume index 2.14 MFI 48.67
Vitafoam buy � volume index 2.00 MFI 78.97
Wapco buy 73% sell 27% volume index 3.03 MFI 79.81
Wapic buy 25% sell 75% MFI 82.82
Wema buy 33% sell 67% MFI 69.28
Zenith buy � volume index 1.55 MFI 64.59

https://investdataltd..com/2020/01/investdata-weekly-sentiment-report-as_20.html?m=1

DO YOU LOVE HER/HIM? THE KIND OF LOVE YOU SHOULD EXHIBIT ... BELOW

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/27#85936507

E ku market o.
Bids far outweigh offers in most of the banking stocks and some other ones like mtn, wapco etc, as observed at the beginning of the trading day.
Zenith, UBA poised for upward swing........lets see how it goes
GTB doing 33.50 so far.......

Canadians eku snow o
UK people, eku minus degree temperature o
Naija people eku global warming o

FBNH: Board Meeting/Notification of Closed Period for YE -Dec 2019 -Thursday, January 30, 2020.

JBERGER: Board Audit Meeting and Closed Period for YE -Dec 2019 - Thursday January 23, 2020

UNILEVER NIGERIA PLC: Appointment of Managing Director
The Board Resolution of Unilever Nigeria Plc has appointed Mr. Carl Raymond R. Cruz to the Board, as the Managing Director of Unilever Nigeria Plc. with effect from 1 February, 2020.

NIGERIA AVIATION HANDLING COMPANY PLC: Notice of Board Meeting and Closed Period for 2019 AFS - 30th January, 2020

CONSOLIDATED HALLMARK INSURANCE PLC: Notice of Board Meeting and Closed Period for 2019 AFS -Wednesday, January 29, 2020

11 PLC: Notice of Close Period for 2020 Q4 Accounts
Commencement of closed period for trading in the shares of the Company from the 17th of January, 2020 till 24 hours after filling of the Unaudited Interim Financial Statement for the fourth quarter ended December 31, 2019.

Reminder to Newbies:
- Like my bosses have said, this is earning season, some stocks might have priced-in the dividends before declaration. Be watchful if you're for short term but if you're for long term, no cause for alarm. Even if the price goes down little, you buy more if you have fund.
- Remember to key into fundamentally sound stocks
- Keep abreast of news and events happening/ surrounding the market as well.
- In BBM's voice (with all due respect): Plan your trade and trade your plan.

veecovee:
DO YOU LOVE HER/HIM? THE KIND OF LOVE YOU SHOULD EXHIBIT ... BELOW

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/27#85936507

... agbalowomeri

The land is green on the average ............so far................we keep observing how it goes....

Where is Mendes911 ? Are you in Spambot's custody as well?

GT sighted at 34!
Zee 22.70!

E be like say, na only me waka come this market morning ..........

Mcy56:
Where is Mendes911 ? Are you in Spambot's custody as well?

GT sighted at 34!
Zee 22.70!

E be like say, na only me waka come this market morning ..........

I dey observe with u o

Who are these folks ... jumping back into the mkt

Cc oracle, peter, loco etc