What You Need to Know About InCap Solution

By | Ask Shade | No Comments

What is The Incap Solution The Incap Solution is a service which helps one plan for the “in-between” situations where temporary or permanent incapacitation prevents him/her from making personal medical or financial decisions. Incap Solutions employ the use of Medical and Financial Power of Attorney. Why opt for the Incap Solution? It gives one the advantage of having a trustworthy person or institution to take charge of financial and medical decisions in the event of an unexpected occurrence. It ensures seamless continuance of one’s affairs in the event of incapacitation. It helps prevent any form of loss that would otherwise…

Read More

To keep dollars in cash or not?

By | Ask Shade, Investment 101, Uncategorized | No Comments

Hello Financial Experts, Since this pandemic and lock-down started, my wife and I have been advised by friends to hold on to the cash we have at hand especially dollars. Do you advise us to keep our dollars in cash? Thanks. Michael from Lagos Dear Michael, We won’t advise you to keep dollars in cash because you’ll be losing income that you could have earned if that cash was invested. We encourage you to invest instead in dollar-denominated funds such as Eurobond Funds to protect against downside risk (devaluation of the naira). In dire economic situations like we have today,…

Read More

Covid-19: Impact on the Financial Market

By | Ask Shade, Investment 101, Life Bits | No Comments

The events of the past quarter compounded by the global CoronaVirus (COVID-19) crisis and its massive impact on financial markets in the short to medium term brings a feeling of déjà vu. To reduce the spread of the virus, nations have restricted trade, travel, and in extreme cases closed their borders. Amidst all this, an oil price war between Saudi Arabia and Russia has pushed the price of crude oil below $35 per barrel. These two factors have had an adverse impact on global economies; with governments around the world including the Nigerian government, responding with the introduction of stimulus…

Read More

Tough Times don’t Last, But Tough People do…

By | Ask Shade, Investment, Investment 101, Money, More Money | No Comments

Are you an investor trying to keep your head above the waters of this economy? Our smart investment tips are designed to help you make sound investment decisions in this tough economic clime. Please see below; Borrow less Think twice about taking on more debt, focus on business opportunities that do not require more capital than you can afford. Learn Something New There just might be a more rewarding way to go about your business. Make it a goal to learn something. For instance, you might want to look up the difference between mutual funds and bonds. Master your emotions…

Read More

Financial Planning with Raphael: Considering Foreign Currency As An Investment

By | Ask Shade, Investment 101 | No Comments

The Coronavirus pandemic has had an adverse effect on major economies worldwide. As countries have closed their borders and restricted non-essential travel, this development has led to an impactful decrease in the global demand for crude oil and, subsequently, a correlating fall in crude oil prices. Furthermore, an ongoing oil price war led by Saudi Arabia and Russia has resulted in historic increases in unwelcome supply and a further catalyst of the decline in oil prices. With the bulk of Nigeria’s foreign reserves stemming from the exportation of crude oil, the global decline in oil prices has strongly affected confidence…

Read More

6 books to read on money and investing during the quarantine

By | Ask Shade, Investment 101 | No Comments

Life as you know it has been paused due to the current Corona Virus pandemic. You, like many others, have been confined to your home with limited movement for the next couple of weeks; but how do you spend this time wisely? We recommend reading! Here are some books on personal finance and investment you should read while at home to help you manage your finances better. The Intelligent Investor by Benjamin Graham Referred to as the godfather of investing, Benjamin Graham takes a different approach to investing in this book which we’re sure you’ll enjoy. Warren Buffet calls this…

Read More

ASK SHADE: My siblings are not happy I adopted a child

By | Ask Shade | No Comments

Dear Shade, I just turned 50 and decided to adopt a child since I never got married nor have a child. This 3-day-old baby is God’s gift to me and while I want to be around for a long time to see her go to the university and even get married, I know I cannot guarantee it. I’m not a prophet of doom but as a realist, I want to take measures to secure her future mainly because my other two siblings and their children have greatly benefitted from me financially and they didn’t seem happy when I adopted a…

Read More

January Inflation: CPI maintained upward trajectory

By | Ask Shade, Research | No Comments

As anticipated, inflation for the month of January ascended by 15bps to 12.13% YoY (vs December: 11.98% YoY) and 4bps shy of our estimate of 12.09% YoY. In our monthly economic update, we highlighted that the low base from food prices would send inflation on an upward trajectory. Unsurprisingly, food inflation rose 18bps to 14.85% YoY, accounting for bulk of the uptick in headline inflation, while core inflation moderately expanded by 3bps to 9.35% YoY. On the former, the pickup was anchored by 29bps and 6bps increase in farm produce and imported food to 15.35% YoY and 16.10% YoY respectively….

Read More

Stock Recommendation for the Week, February 17

By | Ask Shade, Research | No Comments

The Nigerian equities market maintained a downward trend with the ASI, dropping by 1.11% to 27,755.9 pts, with the market capitalization closing at N14.46 trillion as investors lost N162 billion during the prior week. All sectors closed negative WoW except Cement (+0.37%) and Construction (+0.13%). The deterioration was driven by the Food (-7.27%), Brewers (-2.02%), Oil & Gas (-1.34%), Insurance (-0.94%), Telecoms (-0.53%) and Banking (-0.21%) sectors. The key losers are NESTLE (-10.00%), DANGSUGA (-4.10%), GUINNESS (-16.56%) and MTNN (-0.85%), while GTB (+1.36%), BUA CEMENT (+1.13%) and WAPCO (+1.31%) yielded positive returns. • Dangcem– STRONG BUY (FVE: N240.87): DANGCEM’s FY…

Read More

Stock Recommendation for the Week, February 10

By | Ask Shade, Research | No Comments

Last week, the Nigerian bourse witnessed a steep decline as the ASI closed -2.69% WoW, while market capitalization lost N239 billion to close at N14.62 trillion. All sectors closed in red, save the insurance sector (+0.15%). The decline was anchored by the Breweries (-5.62%), Cement (-4.94%), Banking (-2.26%), Oil & Gas (-5.74%), and Telecom (-1.48%) sectors. On stock performance, FBNH (-8.40%), ZENITH (-5.04%), NB (-6.36%), INTBREW (-5.56%), DANGCEM (-5.50%), BUACEMENT (-4.32%) and MTNN (-2.17%) yielded negative returns amongst other stocks. • Dangcem– STRONG BUY (FVE: N240.87): DANGCEM’s FY 19 earnings is expected to be pressured (EPS: N14, vs N22 in…

Read More