investing

Overview: PayPal (PYPL) raised its forecast for full-year adjusted profit for the second time in 2024, betting on resilient consumer spending during the back-to-school and upcoming holiday shopping seasons. The company also improved margins through significant cost-cutting measures. Stock...

BOOK REVIEW "BEAT THE MARKET: INVEST BY KNOWING WHAT STOCKS TO BUY AND WHAT STOCKS TO SELL" BY CHARLES D. KIRKPATRICK II OVERVIEW: "Beat the Market" by Charles D. Kirkpatrick II is a comprehensive guide designed to help individual investors make informed decisions about buying and selling...

NGX TRADING SUMMARY FOR THURSDAY, JUNE 13, 2024 Market Overview: - Total Shares Traded: 502,599,278 - Total Deals Executed: 9,686 - Total Market Value: NGN 8,653,032,209.43 - Market Capitalization: NGN 56.5 trillion Comparison with Previous Trading Day (June 11, 2024): - Volume Decline: 41% -...

COMMERCIAL PAPERS 101: AN INVESTOR'S GUIDE What is Commercial Paper? Commercial paper is an unsecured, short-term debt instrument issued by corporations to raise funds for a specified period, usually ranging from 15 days to 270days. These papers serve as a cost-effective alternative to...

RECAPITALIZATION OF NIGERIAN BANKS AND ITS IMPACT ON THE CAPITAL MARKET- ASHON CHAIRMAN: 1. Recapitalization Requirements: - The Central Bank of Nigeria (CBN) announced new capital base requirements for banks, ranging from N200 billion to N500 billion, based on the bank’s authorization...

KEY POINTS FROM THE NGX TRADING SUMMARY FOR MONDAY, JUNE 10, 2024: 1. Trading Volume and Value: - Total shares traded: 963,540,754 - Total deals: 8,657 - Market value: NGN 13,497,574,792.56 2. Comparison to Previous Trading Day: - Volume increased by 148% - Turnover increased...

Presco Set to Acquire 100% Stake in Ghana Oil Palm Development Company Ltd. Presco rises on the news of its intention to acquire 100% stake in Ghana oil Palm Ltd. Gains 8.16% to move to N289 as at 10.43am

LESSONS FROM THE BOOK "COMMON STOCKS AND UNCOMMON PROFITS" BY PHILIP FISHER This book is a seminal work in the field of investing. Fisher's investment philosophy is built around the idea that long-term growth in stock value is more important than short-term profits. He is known for his...

FLASHBACK FRIDAY FINANCE It's TGIF dear investors ❤️. Let's take a trip down memory lane and revisit some significant moments in Nigeria's financial and investment sector. Here are a couple of flashbacks: 1. Financial Sector Development and Economic Growth: Nigeria's financial system has...

CHRISLAND SCHOOLS TO ISSUE N2 BILLION IN COMMERCIAL PAPER AT 30% INTEREST RATE Chrisland Schools Limited has launched a N2 billion commercial paper issuance under its N8 billion programme. The offer, which opened on May 27, 2024, will close on June 5, 2024. Tranche A, with a 180-day term, is...

STERLING FINANCIAL HOLDCO TO SEEK SHAREHOLDERS ’ APPROVAL FOR N200 BILLION CAPITAL RAISE The Board of Sterling Financial Holdings Company Plc will seek shareholders’ approval at an annual general meeting (AGM) to raise up to N200 billion through various methods of share issuance in the...

VFD GROUP REPORTED N2.62bn PROFIT IN Q1 Proprietary investment company, VFD Group Plc, has reported N2.62 billion as profit after tax for the first quarter of 2024. This was revealed in its Q1 unaudited financial results filed with the Nigerian Exchange Limited. During the period under review...

NGX TRADING SUMMARY FOR MONDAY, MAY 27, 2024 At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 366,979,725 shares in 8,031 deals, corresponding to a market value of NGN 5,939,982,423.32, were traded. Compared with the previous NGX trading day (Friday...

INVESTMENT STRATEGIES 103: HOW TO IDENTIFY A GOOD GROWTH STOCK Dear Investors! Welcome to our continuous study of growth investing! In this installment, we will look into the secrets of spotting promising growth stocks that can propel your portfolio to new heights. Identifying a good growth...

NIGERIA BENEFITS AS AFDB SETS $1.3 TRILLION ANNUALLY TARGET FOR AFRICA ’s DEVELOPMENT The African Development Bank (AfDB) has stated that African countries need $1.3 trillion annually to achieve sustainable development by 2030. This announcement was made on the AfDB website on Friday...

TOTALENERGIES SNUBS NIGERIA AGAIN, PLANS TO INVEST $600m IN CONGO French oil major TotalEnergies is set to invest $600 million to boost exploration and production in the Republic of Congo in 2024, bypassing the Nigerian oil and gas sector once more. TotalEnergies’ CEO Patrick Pouyanne...

TAJBank grows pre-tax profit to N11bn The profit before tax of TAJBank, one of the non-interest banks in Nigeria, grew by 122 per cent to N11.3bn in 2023. In the non-interest banking segment of the financial sector, that was the highest PBT recorded so far for 2023. TAJBank’s gross earnings...

SMART STRATEGIES FOR MANAGING FOOD AND TRANSPORTATION EXPENSES COMMUNITY POLL RESULT: RISING COSTS OF FOOD AND TRANSPORTATION Dear community members❤️, We conducted a poll yesterday, and your voices were heard! The majority of you highlighted food and transportation as significant expenses...

INVESTMENT STRATEGIES 104: POTENTIAL RED FLAGS TO WATCH OUT FOR WHEN CHOOSING GROWTH STOCKS Hi Investors, as a continuation of our series on investment strategies, today we move on to the RED FLAGS that investors should watch out for when considering growth investing. These warning signs can...

INVESTMENT STRATEGIES 103: HOW TO IDENTIFY A GOOD GROWTH STOCK Dear Investors! Welcome to our continuous study of growth investing! In this installment, we will look into the secrets of spotting promising growth stocks that can propel your portfolio to new heights. Identifying a good growth...