investment

SUMMARY OF FIVE BANKS FX GAINS REPORT FOR H1 Key Findings: 1. Overall Forex Gains: - Total Forex Gains for H1 2024: ₦67.89 billion - Comparison with H1 2023: A 67.89% decrease from ₦211.42 billion 2. Bank-Specific Forex Gains: - FCMB Group: - H1 2024 Gains: ₦35.19 billion -...

DANGOTE REFINERY CRUDE OIL REQUIREMENT Overview: - The Dangote Petroleum Refinery is projected to require ₦1.7 trillion worth of crude oil monthly. - This directive follows President Bola Tinubu’s mandate for the Nigerian National Petroleum Company Limited (NNPC) to sell crude to the Dangote...

DANGOTE INVITED TO INVEST IN GABON AMID ACCUSATION OF MONOPOLY Key Details: - Aliko Dangote, President of Dangote Industries Limited, has been invited by Gabon’s President Brice Oligui Nguema to invest in cement and fertiliser production in Gabon. - The focus is on urea and phosphate...

NGX TRADING SUMMARY FOR TUESDAY, JULY 23, 2024 1. Trading Overview: - Total Shares Traded: 280,922,197 shares - Number of Deals: 8,403 - Market Value: NGN 3,625,620,975.33 - Market Capitalization: NGN 56.9 trillion 2. Comparison with Previous Trading Day: - Volume Decline: 16%...

CHAPEL HILL DENHAM NAMED NIGERIA'S BEST INVESTMENT BANK 1. Award Announcement: - Recognition: Chapel Hill Denham has been awarded the title of Best Investment Bank in Nigeria at the 2024 Euromoney Awards for Excellence. The ceremony took place in London on Saturday. 2. Historical...

ENAMELWARE SUFFERS N2.6BN LOSS 1. Financial Losses: - Post-Tax Loss: Nigerian Enamelware PLC reported a substantial post-tax loss of N2.6 billion for the year ending April 30, 2024. This is a significant turnaround from the N1.7 billion profit the company made in the previous year. 2...

SKLD INTEGRATED SERVICES SEEKS N590 MILLION VIA COMMERCIAL PAPER 1. Commercial Paper Issuance: - Details: SKLD Integrated Services Limited has introduced Series 10 and 11 of its commercial paper issuances to raise up to N590 million. - Deadline: The issuance, facilitated by Afrinvest...

NGX TRADING SUMMARY FOR MONDAY, JULY 22, 2024 Market Overview: On Monday, July 22, 2024, the Nigerian Stock Exchange (NGX) saw the trading of 335,704,787 shares across 8,760 deals, amounting to a market value of NGN 3,717,218,092.45. This represents a significant decline compared to the...

BUILDING PASSIVE INCOME: BUSINESS-BASED OPPORTUNITIES (Part 3) Hello There. Welcome back to our series on passive income! Over the past two weeks, we have looked at what passive income is and discussed investment-based passive income. Today, we would look into business-based passive income...

SMARTS PRODUCTS TO RAISE N5BN FRESH CAPITAL Smarts Products Nigeria Plc plans to raise N5bn through a combination of equity and debt instruments to strengthen its financial position and support growth. Acting Chairman Adejinle Adeniji announced this at the company’s 59th annual general meeting...

NGX TRADING SUMMARY FOR WEDNESDAY, JULY 17, 2024 At the end of today's trading session on the Nigerian Stock Exchange (NGX): - Volume and Value: A total of 1,099,300,929 shares were traded across 8,720 deals, with a market value of NGN 10,076,409,991.74. This represents a 198% increase in...

PART 4: MUTUAL FUNDS INVESTMENT STRATEGIES Hi There. Welcome back to our comprehensive series on mutual funds investment. In previous parts, we have covered the basics of mutual funds, the types available, and the benefits of investing in them. Now, we are going into specific strategies that...

CADBURY NIGERIA PLC'S MARKET VALUE RISES 10% AHEAD OF EARNINGS Cadbury Nigeria Plc's market valuation surged by about 10% as investor sentiment towards FMCG stocks improved in the domestic market. According to data from the Nigerian Exchange (NGX), Cadbury's share price climbed to N18.25 on...

NGX TRADING SUMMARY FOR FRIDAY, JULY 12, 2024 At the end of the last trading day on the Nigerian Stock Exchange (NGX), a total of 420,896,797 shares were traded in 7,617 deals, amounting to a market value of NGN 6,820,772,893.76. Compared to the previous trading day, there was a 42% improvement...

NGX TRADING SUMMARY FOR THURSDAY, JULY 11, 2024 Key Details: - Trading Volume and Value: 296,731,688 shares traded in 7,126 deals, totaling NGN 5,447,738,816.31. - Comparison with Previous Day: - Volume: 68% decline - Turnover: 54% decline - Number of Deals: 13% decline - Current Market...

UNITED CAPITAL LAUNCHES NAIRA-DENOMINATED FUND FOR HIGH-VALUE INVESTORS United Capital Asset Management, a subsidiary of United Capital Plc, has introduced the United Capital Stable Income Fund, a naira-denominated mutual fund aimed at high-value investors seeking low-risk, stable returns...

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...

ACCESS HOLDINGS EXPLAINS WHY ITS ISSUED SHARES PRICE IS HIGHER THAN MARKET PRICE As of June 9, 2024, Access Holdings' share price stood at N19.35, which is 2% lower than the N19.75 price set for the ongoing rights issue. On July 8, the opening day of the rights issue, the share price opened at...

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...

MINISTER URGES SEC TO TACKLE CRYPTOCURRENCY CHALLENGES The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the newly inaugurated board of the Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies and maintain...