More agriculture loans but longstanding bottlenecks remain

By CSL analysts According to local media reports, the Minister for Agriculture, Sabo Nanono through an information official of the Agric ministry announced plans by the ministry to provide relief for farmers in form of interest-free loans, and effective input subsidisation. According to the statement credited to the minister’s representative, the relief is for the recent covid-19 disruptions to farming activities and flooding in Kebbi, Jigawa and Kano states. In addition, the minister stated the interest-free loans would be provided through a partnership of the Agric ministry and the Central…

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Cybersecurity Assessment and the Zero Trust Model

By Ed Moyle ___________ Over the past few years, the concept of “zero trust” architecture has gone through a number of evolutionary phases. It’s gone from being the hot new fad, to being trite (in large part due to a deluge of marketing from those looking to cash in on the trend), to passé, and now has ultimately settled into what it probably should have always been all along: a solid, workmanlike security option with discrete, observable advantages and disadvantages that can be folded into our organization’s security approach. Zero…

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INFOGRAPHICS: The technical highlights & stock chart patterns

Stocks higher while acrimony rules

By Investdata Analysts The technical highlights and chart patterns of this week’s market action The technical highlights and chart patterns of this week’s market action are the following: The risk level remained high despite the expected quarterly earnings and undervalued state of the market Market Phases on key NSE Indexes are all bullish with ADX running positive and strong High Caps and Growth stocks are taking center stage Volume patterns improved across the board Banking, Telecoms and Agribusiness are surging Market Internals are running rich Investdata sentiment report revealed mixed,…

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Time to CAP Incessant Gas Explosion in Lagos

By Elvis Eromosele Lagosians woke up to the news of another gas plant explosion, this time is Baruwa, a suburb in a densely populated neighbourhood in Alimosho area of the state. So far eight persons have been confirmed dead with tens of others injured. Reports already indicate that at least 89 shops, 47 buildings including a primary school and church as well as 23 electric poles, two transformers, gas tankers, one tricycle and a motorcycle were ravaged in the explosion. It is disheartening. Every sort of reason has been advanced…

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OPEC Outlook: Time to get real?

By Han Tan ___________________ Oil prices remain relatively stable, as investors await OPEC’s World Oil Outlook due later today. It comes at a time when demand-side concerns continue to weigh on prices, while the OPEC+ supply cuts programme is set to be pared back further in January. Such a context has lent itself to both Brent and WTI futures, in September, posting their first monthly losses since April. Brent extended those declines by falling by another 0.7 percent so far in October, struggling to break above its 100-day simple moving…

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NSE Index Up 6% In Sept. As Investors Juggle Portfolios, Eye Stocks With Potentials

stock performance

September Market Roundup By Investdata Analysts __________________ The nation’s equity market in September was on fire, recording a strong recovery to end the quarter and month on the green, helped by the inflow of funds, improved buying interest, and volatility that turned sentiment positive, as investors took position for the third quarter and year-end. The period under review was bullish, with the Nigerian Stock Exchange (NSE) All-Share index recording the biggest gain in four months, to extend the bull transition for three consecutive months. In the process, the index broke…

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Investors little moved by the Presidential Debate

Stocks higher while acrimony rules

By Hussein Sayed ________________________ There is no doubt whoever becomes the next President of the United States of America will influence investor’s decisions, but it seems we are no clearer in knowing who that will be after the first presidential TV debate. After a chaotic and messy debate between President Donald Trump and Democratic nominee Joe Biden where both candidates spent most of their time trading personal insults, markets didn’t initially like what they were seeing. The American people too were left frustrated and stock market futures sold off. However,…

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NSE index rise, as window-dressing continues ahead of earnings season

NSE index rise, as window-dressing continues ahead of earnings season

By Investdata Analysts The bull rampage on the Nigerian Stock Exchange (NSE) continued on Tuesday as positive sentiment boosted highly capitalized stocks causing a rally that pushed the benchmark All-Share index northward on improved buying interest. This reflected in the high traded volume, extending the eighth successive session of bull-run ahead of Wednesday, the last trading day for the third quarter and month of September. Despite, the slowdown in gaining momentum as traders booked profit and reposition for the final quarter of this year, there is need for a review…

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Flour Mills of Nigeria Plc – On Course for a Solid Year?

By CardinalStone Research Analysts ________________________________ While a few others are reeling… In our view, Flour Mills of Nigeria Plc (FMN) looks set to record strong traction in operating performance in the current financial year. The company has already surprised market watchers with a 4.3ppts YoY increase in gross margin to 16.5%1 and a c.3.0x surge in operating cash flow to N16.7 billion in the peak of COVID-19 restrictions (April to June or Q1’20/21). While panic buying/stockpiling (one-off support for top-line growth in Q1’20/21, by our assessment) has stopped, lingering border…

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Stocks slightly higher ahead of big events

US stocks dropped on Tuesday as investors mulled Senate

By Hussein Sayed ____________________ Equity markets in Asia along with European and US futures edged slightly higher early Monday as investors grapple with many variables that could bring increasing amounts of volatility in the week ahead. The Dollar gave up some gains but is still hovering near a two-month high, as rises in Covid-19 cases and political uncertainty held back investors from selling the Greenback. Meanwhile, fears of weak demand kept Oil prices under pressure and on track for a first fall in several months. First US Presidential TV Debate…

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