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MUTUAL FUNDS 103: HOW TO SELECT THE RIGHT MUTUAL FUND: A COMPREHENSIVE GUIDE Hi Everyone. Welcome to part 103 of our ongoing series on mutual funds. In previous posts, we have covered the basics of mutual funds and the different types available in the market. Today, we would go deeper into the...

NGX TRADING SUMMARY FOR TUESDAY, JULY 9, 2024 Overview: - Total Shares Traded: 304,144,072 shares - Total Deals: 8,256 - Total Market Value: NGN 4,997,534,480.61 - Market Capitalization: NGN 56.5 trillion Comparison with Previous Trading Day (Monday, July 8): - Volume: 56% decline - Turnover...

DANGOTE TARGETS STEEL MANUFACTURING AS NEXT INVESTMENT VENTURE Summary: Alike Dangote, Africa’s richest man, announced plans to venture into the steel market following successful investments in food, cement, and energy sectors. Details: - Announcement Venue: Afreximbank Afro-Caribbean Trade &...

HIGHLIGHTS FROM FCMB GROUP'S 11th ANNUAL GENERAL MEETING Key Announcements and Shareholder Sentiments: - Capital Raising Programme: FCMB Group Plc plans to raise N150bn in capital to support future growth. This move was approved at the 11th annual general meeting and met with optimism from...

TUESDAY TIP: TIPS FOR NEW INVESTORS Hey Newbies. Embarking on your investment journey can be both exciting and daunting. But with the right knowledge and approach, you can set yourself up for success in the financial markets. Here are some essential tips to help you get started on the path to...

BOOK REVIEW: "REMINISCENCES OF A STOCK OPERATOR" BY EDWIN LEFÈVRE Dear Investors❤️. Welcome to Tuesday and another book review day. This book is a captivating account of a fictionalized stock trader's life, loosely based on the experiences of the real-life trader Jesse Livermore. Let's delve...

INVESTORS SHUN 182-DAY T-BILLS, FLOCK TO 364-DAY BILLS WITH N677 BILLION SUBSCRIPTIONS In the latest Nigerian Treasury Bills (NTBs) auction on June 5, 2024, investors showed a strong preference for 364-day bills over 182-day bills. The auction raised N278.4 billion in total, highlighting...

TUESDAY FINANCE TIP: AVOIDING IMPULSE PURCHASES: A FUN GUIDE 1. The "Impulse Buy": - Imagine you are in a store, eyeing that shiny gadget. You start doing the "Impulse Buy" dance—two steps forward, one step back, and a twirl. - Solution: Instead of dancing, pause and ask yourself, "Do I...

SEPLAT TO REWARD ITS CHIEF OFFICERS WITH 3,139,250 SHARES AS PART OF PERFORMANCE BONUS FOR 2024 Seplat Energy Plc will reward its CEO, COO, and CFO with a total of 3,139,250 shares as part of their 2024 performance bonus under its Long-Term Incentive Plan (LTIP). The shares, based on achieving...