#ILoveMyFamily: (Episode 1): Welcome to Our World

By | Living Benefits Show | No Comments

My name is Lakunle. I am a husband, a father of two, and a salary earner. I married my wife, Chindima, the most beautiful woman in the world as far as I am concerned, five years ago when I started working. I met my wife during my National Youth Service Corps year in Enugu and we became best of friends. We had good plans. We shared our life goals and we were ready to take on the world. My two children, Nifemi and Chinedu, are very special to me. Nifemi is the older of the two. We had her on…

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Nigeria Strategy Report – H1 2019 Excerpts (Part 3)

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 Global Economy and Markets   In this morning’s cut-out of our core strategy document – The Nigeria Strategy Report, we review developments pertaining to the direction of FPI flows across emerging and frontier markets. In addition to delineating the drivers of portfolio flows over 2018, this section presents our outlook on drivers of FPI flows for 2019.   In our H2 2018 NSR, we noted that the confluence of sturdy DM growth picture and currencies, interest rate normalization in US, and ripple effect of escalating trade wars between US and China should temper the scale of portfolio flows into EMs,…

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Nigeria Strategy Report – H1 2019 Excerpts (Part 2)

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Global Economy and Markets We continue with the serialization of our core strategy document – The Nigeria Strategy Report. We review developments in MEA (Middle-East and Africa) climes over 2018. The section also provides insights on what we believe will be major drivers of both growth and overall investor sentiment over 2019.   In our H2 18 strategy outlook, we charted our prospect of stronger economic growth in the SSA bloc on the back of improved agricultural output and industrial activities from smaller regions even as growth in heavy weights, Nigeria and South Africa pick up, while our prognosis for…

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Nigeria Strategy Report – H1 2019 Excerpts (Part 1)

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Global Economy and Markets   Over the next few days, we will feature excerpts from our core strategy document – The Nigeria Strategy Report. The report communicates our understanding on key happenings in global and domestic financial markets over 2018 and provides our insight on what we believe will be the major themes underpinning investor sentiment over 2019. We begin the series with a look at the major themes that dominated the global economic and financial landscape in 2018 as well as our outlook for 2019.   Although the global macroeconomic clime has been hitting patches of turbulence over the…

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How to deal with the inevitable expenses of 2019

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Some things remain constant with each year while some new situations welcome themselves regardless of our level of preparedness. Here are some things that will likely gulp your money in 2019 apart from your daily home expenses.   School fees – If you’re a parent, you must know that you will pay school fees thrice this year. The last one in September being of a bigger sum because your child will be entering a new class which will demand some financial responsibilities. Valentine’s Day – February still has 14th on it and the world will mark Valentine’s Day. Unless you…

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4 reasons to get life insurance policy this 2019

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The topic of getting life insurance is one you may not want to talk about. But because it is important that you ensure the financial security of people that depend on you, it is worth dealing with. First, let us break down why you need one. If you’re a breadwinner, you need a life insurance Let’s be real, if you are the main financial backbone in your family and anything happens to you, your partner, children and anybody else that depends on you, will probably suffer financially. This is one of the major reasons people get life cover; to ensure…

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How 2019 Looks for you as an investor

By | 2019 Investment Oulook, ARM Investment, Investment 101, Money Market Fund | No Comments

With the New Year in sight, it is normal for every investor – including you – to feel a bit of apprehension. You might begin to wonder what the future holds, how the market will fare and whether to increase your investment. All these are valid thoughts and we’ve gone ahead to gather answers to your silent questions. How 2019 looks for you as an investor In the Equities Market: In 2019, the Nigerian economy will stay focused on oil prices output and the currency. These factors, we believe weigh heaviest on investor confidence, and exerts significant influence on our macro…

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Access Bank Plc and Diamond Bank Plc Merger: A Lofty Deal or Damp Squib?

By | Access Bank, CBN, Diamond Bank, Merger, Research | No Comments

Nigerian Banks A Lofty Deal or a Damp Squib? • A switch to National Banking License… In our recently published equity commentary on Diamond Bank (See report: Overblown fright or Justified concerns), we had stated three options the bank’s management will adopt to keep the bank operational and meet its obligation to lenders. While we had considered the possible acquisition by a bigger bank, the management of both banks in separate press releases refuted the claim. Consequently, as with one of our options, Diamond Bank got approval from the CBN to operate as a national bank following the sale of…

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My uncle’s children

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My cousin Gerald has visited again. This time, he is staying for one month to buy all the necessities for his first year at the University. Dad would be funding it as usual. I and my five siblings have gotten used to seeing my dad fund his nephews’ education while my uncle did his best to keep populating the world. My mum wasn’t against dad helping his nephews, but she kept prodding dad to save some money for his own children’s education as well since we were all still quite young. Dad didn’t understand her. He believed that if he…

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ARM Research – Stock Recommendation for the Week , December 17

By | Nigerian Stock Exchange, Research | No Comments

Activities in the Nigeria equities market was bearish in the past week, with the NSE ASI declining by 0.60% WoW to 30,681.50 points and market capitalization shedding about N61.8 billion over the week. The loss was driven by declines in bellwether stocks in the banking (FBNH: -1.97%, STANBIC: -2.34% and ZENITH: -2.34%), Breweries (NB: -0.63%) and Food (NESTLE: -6.39%) sectors. Top decliners during the week were MOBIL (-10.41%), CONOIL (-10.00%) and CUTIZ (-9.64%).  Fidelity Bank Plc – BUY (FVE: N2.92). We are more optimistic on our earnings expectation over 2018 largely on the back of lower loan-loss provisioning. We…

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