Analyst

A financial professional who has expertise in evaluating investments and puts together “buy”, “sell” or “hold” recommendations for securities. They may be also known as a “financial analyst” or a “security analyst”. Analysts are typically employed by broking firms, investment advisors or mutual funds. They do the leg work for brokers, preparing the research they use for trading. Analysts usually specialize in specific industries or sectors to allow for comprehensive and specialized research capacity.

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United Bank of Africa approves N 22 billion dividend payment but share price plummets

UBA bank (United Bank of Africa held its annual shareholder’s meeting at Eko hotel to discuss Dividends approval, company growth, and other forward-looking business plans.

The CEO of the company, Mr Tony Elumelu hosted many shareholders along with the board members. He promised growth and assured the shareholders that the group was on a stronger footing to gain market share in Nigeria and 19 other African countries where it operated. However, the growth did not reflect on the share price. UBA Stock price fell more than 50 percent from its 2017 high.

The board members of the United Bank for Africa (UBA) has approved N22 billion final dividend payment. It was declared at the meeting by the spokesperson of the board, the dividend is for the financial year ended December 31, 2018.

This means that investors will receive a payment of 65 Kobo dividend for every ordinary share of 50 Kobo each with the total dividend of N0.85 per share.

While the bank recorded record revenue, the United Bank of Africa has a negative return for the period of January 2018 to December 2018.

UBA bank of Nigeria started the year with stock price around 11.90 Naira but ended the year lower. 5.80-11.90 (52 weeks moving range)


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SAHCOL officially lists on The Nigeria Stock Exchange

Today’s listing is a promising development in the country, being that SAHCOL is the first company under the BPE privatization programme to successfully finalize an Initial Public Offering and list its shares on a securities exchange.

Express Posting reported that SAHCOL was scheduled to list on the Nigeria Exchange today and we can confirm that the listing was a success.

The company sold 1.35 billion shares on NSE at N4.65.

The Chief Executive Officer, SAHCO, Mr Basil Agboarumi, said “This is in partial compliance (as approved by the BPE) with the share sale and purchase agreement executed in respect of the Federal Government’s divestment of 100 percent equity stake in the erstwhile Skypower Aviation Handling Company Limited.

“This listing will give Nigerians the opportunity to participate in the company’s growth story. The listing will also improve the liquidity of the company’s shares, increase the company’s visibility and credibility in the Nigerian market and beyond.”

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Nigerians are poorer with the new minimum wage increase

The Naira currency has devalued when compared to Dollars. As a result, Nigeria middle class and lower class people continue to struggle to survive.

The new minimum wage is N 30,000 Naira. President Buhari signed a bill into law to increase the minimum wage to N 30,000 but it didn’t change anything for the poor people.

The minimum wage was N18,000 Naira a few years ago and people are better off at the time with N18,000 Naira than they are now with the N30,000 increase because the economy was better than it is right now.

The rising cost of groceries, living conditions, healthcare, and transportation will continue to suppress the poor in Nigeria. Until the economic conditions improve, an increase in minimum wage will have no positive result on the financial condition of many Nigerians.

New finding about the recent increase of Nigeria minimum wage.

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Nigeria government will issue N 20 billion 30-year bond fully backed by the Nigeria Government

Patience Oniha

The director general of the Debt Management office, Patience Oniha gave a briefing on the plan to issue an N 20 billion 30 year bond that will mature in April 2019, followed by another 10-year issue in the amount of N 40 billion.

‘The 10 years N 40 billion note is expected to mature in April 2023, the rate will 12.75 percent if conditions remain the same”- Patience Oniha.

The proceeds from the bond sales will be used to fund annuity funds, other long term investments, developing the capital market and to reduce re-financing risk of the federal government, Patience Oniha revealed during a press conference that was held on April 4, 2019.

She said the issuance of the bond will meet the needs of annuity funds and other long term investors while also developing the domestic capital market and reducing the re-financing risk of the federal government.

“Another area of focus will be the management of risks associated with the debt stock to mitigate debt service costs,” she added

The units for sale will go for N1,000 per unit, and it’s subject to a minimum subscription of N50 million and in multiples of N1,000 thereafter. The bond will be backed by the full faith and credit of the Nigeria government with interest payable semiannually to bondholders, according to people familiar to the transaction details.

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The American stock market reaches new highs

The best economy in the world is the American Stock exchange and it continues to reach a new high. All sectors are enjoying the increase in share prices and any international investors who are eligible to invest in the American stock exchange should continue to do so.

The S&P 500 is at 13 percent Year to date and it’s expected to get better if things remain the same.

S&p 500 Year to date, 2019.

S&P 500 past performances

Foreigners how meets eligibility requirement should look into investing in the American Stock Exchange. It’s very lucrative and more reliable.


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Central Bank Governor Godwin Emifiele urges people to invest in Nigeria.

Mr. Godwin Emifiele is the current governor of Nigeria Central bank as of April 2019. He said that Nigeria is ready for investors following a successful general election and he presented conditions that will favour investors. 

He said that Nigeria is ready for business and that Nigeria GDP is expected to grow in near feature while meeting with possible investors in Washington DC.

“As at December 2018, a total sum of N178.48 billion had been disbursed through 19 participating financial institutions to 902,518 farmers.

“During the period, over 2.8 million and 8.4 million direct and indirect jobs were created under the Anchor Borrowers Programme,” he said.

He also discussed issues affecting foreign policy. Mr. Emifiele reiterated said that his focus is to ensure price stability, and he boasted about banning items would affect things negatively.  He assured the investors that he would follow up with policies that will establish a stable currency exchange rate, foreign exchange liquidity, vibrancy in the capital market, and an improved supply of foreign exchange with positive GDP growth.

“A lot of work has been done and indeed a lot of work needs to be done but in the midst of this, we are saying that Nigeria is open for business and foreign investors.

“As the monetary and fiscal authority continue to work tirelessly to boost our economy, it is important to portray some of Nigeria’s enduring strength which offers (a) significant reward for current and prospective foreign investors.

“I want you to know that irrespective of the impact of the recession, Nigeria’s economy remains the largest in Africa by the size of its GDP with diversified opportunities across different sectors.

“These sectors include ICT, manufacturing, solid minerals, trade and agriculture,” he added.

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American investment case study.

Express posting will set aside funds to be invested in the Amerian stock exchange and we will share the performance at the end of the year.

Our goal is to talk money and also show how each market works by investing our own money in the stock market. We will share the result with you all and you can decide which route you want to go for yourselves.

We will disclose the amount at the end of the year, we will show the starting amount and the year ending amount at the end of the year. Stay tuned.

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