investment

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...

CBN TO AUCTION N166bn T-BILLS The Central Bank of Nigeria (CBN) will auction N166.1 billion in Treasury bills. The auction includes N27.11 billion for 91-day bills, N1.49 billion for 182-day bills, and N137.50 billion for 364-day bills. The CBN plans to issue N1.56 trillion in Treasury bills in...

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...

FINANCIAL ANALYSTS PREDICT STOCK MARKET PULLBACK IN H2 2024 Financial analysts from Arthur Steven Asset Management Limited (ASAM) have forecasted a potential pullback in the stock market during the second half of 2024, following its peak in the first half of the year. This was discussed during...

HOW TO EARN PASSIVELY: PART 2 – INVESTMENT-BASED PASSIVE INCOME Hi Everyone❤️. Welcome back to our series on how to earn passive income! Last week, we introduced the concept of passive income and its benefits. Today, we delve into part two, focusing on investment-based passive income. This...

FIDELITY BANK PLANS N26.7BN CAPITAL RAISE KEY DETAILS: - Capital Increase: Fidelity Bank has announced plans to raise its issued share capital from N22.6 billion to N26.7 billion by creating up to 8.2 billion additional ordinary shares, each valued at 50 Kobo. - Corporate Notice: This move...

Investing in the stock market can be rewarding, but it's important to steer clear of these common pitfalls: 1. Not Having a Clear Investment Plan - Mistake: Investing without defining clear goals, risk tolerance, and time horizon. - Solution: Develop a well-defined investment plan that aligns...

Key Points: - SEC's Directive: - The Securities and Exchange Commission (SEC) has mandated all Nigerian fund managers to disclose detailed information about their investments in the recently liquidated Heritage Bank. - Circular Issued: - Tarfa Makyur, Head of the Monitoring Department at...

NGX TRADING SUMMARY FOR FRIDAY, JUNE 21, 2024 Key Points: - Trading Volume and Value: - Total shares traded: 617,222,617 - Total deals: 9,273 - Total market value: NGN 11,346,077,481.95 - Compared to the previous trading day (Thursday, June 20), there was a: - 53% decline in volume...

INVESTMENT TERMS YOU SHOULD KNOW: Dear Investors❤️. Navigating the world of investments can be a bit complex especially with the use of terms. This guide aims to simplify some of the most commonly used investment terms, providing clear and concise explanations to help you gain a better...

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...

UNITY BANK'S FINANCIAL PROJECTIONS FOR Q3 2024: 1. Profit Projection: - Unity Bank Plc projects a post-tax profit of N5.2 billion for the third quarter of 2024. 2. Revenue Growth: - The bank aims to grow its gross revenue by 8.2%, reaching N26.93 billion, up from N24.89 billion in Q2...

ARADEL HOLDINGS TO EXIT NASD, LIST SHARES ON NGX BY INTRODUCTION 1. Exit from NASD: - Aradel Holdings Plc, a leading energy company in Nigeria, plans to leave the NASD over-the-counter (OTC) Securities Exchange. - The decision was approved by shareholders at the Annual General Meeting...

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...