NIGERIAN ECONOMY SET TO GATHER MOMENTUM IN Q2

Written by: Lukman Otunuga, FXTM Research Analyst

There are higher expectations for Nigeria’s economic recovery after the fastest growth since 2015 was recorded during the fourth quarter of last year. As the nation draws further away from the worst effects of the recession, several important economic benchmarks show further signs of improving economic stability. Yearly Gross Domestic Product (GDP) for 2019 is heading steadily towards a range of 2–2.3 percent compared to 1.93 percent in 2018. In addition, Purchasing Power Parity (PPP) and GDP per capita appear stronger.

NAIRA STABLE AFTER CBN INTEREST RATE CUT

Written by: Lukman Otunuga, FXTM Research Analyst
The Naira continues to experience stability despite an unexpected rate cut from the Central Bank of Nigeria earlier this week. This is highly encouraging and suggests that the currency has scope to appreciate if macroeconomic conditions in Nigeria stabilize further. With the jump in Brent Oil prices boosting government revenues and pushing foreign exchange reserves to $44 billion, the CBN has ammunition to defend the currency. However, external risks in the form of global growth concerns and trade developments could still create headwinds for the Naira further down the road. It must be kept in mind that the Naira is not alone, as many other emerging market currencies are also feeling the pressure.

FXTM AVAILABLE FOR CBN INTEREST RATES COMMENTARY

The Central Bank of Nigeria (CBN) on Tuesday resolved to reduce the Monetary Policy Rate (MPR), otherwise known as interest rate, by 50 basis points to 13.5 per cent from 14 per cent.

HOT TOPIC COMMENT ON CBN INTEREST RATES

Written by: Lukman Otunuga, FXTM Research Analyst

Investors were caught completely off-guard on Tuesday, after the Central Bank of Nigeria (CBN) unexpectedly cut its benchmark interest rate for the first time in more than two years in an effort to support growth.

FXTM ANNOUNCES LICENCE FROM FSC

As part of its monumental growth and continued international expansion, FXTM is delighted to share that it has added another licence to its growing portfolio of regulated entities with the Financial Services Commission (FSC) of the Republic of Mauritius.

HMMM!!! ERSTWHILE ENUGU POLITICAL GODFATHER, JIM NWOBODO, RECONCILES WITH CHIMAROKE NNAMANI

Chief Jim Nwobodo and Dr. Chimaroke Nnamani

This is really a surprise to Enugu indigenes. An erstwhile political kingmaker of Enugu State, Chief Jim Nwobodo, has reconciled with is erstwhile godson, Dr. Chimaroke Nnamani.

GOOD NEWS AWAITS ALL INFERTILE COUPLES @ THE HOPE VALLEY FERTILITY CLINIC

HAVE YOU BEEN TRYING TO CONCEIVE SINCE MANY YEARS OF MARRIAGE WITHOUT SUCCESS?

It is high time you heaved a sigh of relief

NAIRA STEADY AHEAD OF FOMC MEETING, OIL PUSHES HIGHER

Written by: Lukman Otunuga, FXTM Research Analyst

The Nigerian Naira was basically flat on the forward markets, despite the Dollar depreciating on expectations that the Federal Reserve will be adopting a dovish stance this week.

PEBEC LAUNCHES REPORTGOV APP TO DRIVE EASE OF DOING BUSINESS

Dr. Jumoke Oduwole

The Presidential Enabling Business Environment Council (PEBEC) has launched the REPORTGOV.NG App, an official public service feedback and complaints platform to support business climate reforms implemented by the Council since 2016. The platform, which is also a website, will facilitate the escalation and resolution of issues encountered with Ministries Departments and Agencies (MDAs) towards ensuring a more business-friendly environment.

WILL THE OLD SAYING 'THIRD TIME'S A CHARM' WORK FOR THERESA MAY?

Written by: Jameel Ahmad, FXTM Global Head of Currency Strategy & Market Research
The past trading week has overall been a gruelling one, with swings in either direction for the British Pound. In what’s been a pivotal week for Brexit, markets have learned of several key revelations in the ongoing saga. UK lawmakers do not want a no-deal Brexit; they do want to do delay the United Kingdom’s departure from the European Union past the current deadline of March 29 but have also rejected the option of a second referendum.

COOLING INFLATION OPENS DOORS TO RATE CUT IN THE DISTANT FUTURE

Written by: Lukman Otunuga, FXTM Research Analyst 

In an encouraging development, Nigeria’s inflation eased to 11.31% in February, down from the 11.37% recording in January, despite increased government spending.

ARE YOU AWARE? MANY QUACK FERTILITY CLINICS AND DOCTORS ARE EVERYWHERE

Who is a quack fertility doctor?

A quack fertility doctor is a medical doctor who is not a gynaecologist, but he runs a fertility clinic.

MOBONIKE HOSPITAL

33, Surulere Street, Baale Bus Stop, Dopemu, Agege, Lagos, Nigeria

08034632479, 08060154111

DIVINE RECONCILIATION GOSPEL CHURCH INC

17, Moshalashi Street, Obalande, Lagos Island, Lagos, Nigeria

08023018639, 08057457322, 08034034363

BODY WORKS SENIOR WELBEING CLUB

13, Adebayo Doherty Street, Lekki Phase 1, Lagos, Nigeria

09074077896, 08123908436

COME AND EXPERIENCE WORLD-CLASS FERTILITY TREATMENT @ THE HOPE VALLEY FERTILITY CLINIC

Yes, come to

THE HOPE VALLEY FERTILITY CLINIC

To experience

WORLD-CLASS FERTILITY TREATMENT

ABIODUN SHOTE TO SPEAK ON ‘SPIRITUAL EXERCISES: AWAKEN TO THE SECRET OF MIRACLES’ @ ECK CAMPUS SEMINAR IN FUTA

You are cordially invited

to

2019 ECK CAMPUS SEMINAR

@

FEDERAL UNIVERSITY OF TECHNOLOGY, AKURE (FUTA)

TECTONO CONGRATULATES ENGR. SEYI MAKINDE OF MAKON GROUP

Engineer Seyi Makinde

We congratulate

the

MANAGING DIRECTOR/CHIEF EXECUTIVE OFFICER

of

MAKON GROUP LIMITED,

Engineer Seyi Makinde,

on

His successful election as the

GOVERNOR

of

OYO STATE

POUND VOLATILITY NOT OVER AS MPS VOTE AGAINST NO-DEAL BREXIT

Written by: Jameel Ahmad, FXTM Global Head of Currency Strategy & Market Research
It has been yet another dramatic 24 hours of swings both higher and lower for the British Pound as volatility continues in the lead-up to the fast-approaching March 29 deadline for the United Kingdom to leave the European Union.

MAY’S LATEST BREXIT LOSS MARKS MORE POLITICAL TURMOIL AHEAD FOR POUND

Written by: Jameel Ahmad, FXTM Global Head of Currency Strategy & Market Research
What is it going to take to appease UK lawmakers on Brexit? Prime Minister Theresa May clearly hasn’t been able to find a solution to that pressing conundrum, after two years of draining negotiations with the European Union.

DR. ORJI UZO KALU, CHIEF ENYINNA ABARIBE AND CHIEF T. A. ORJI SITTING AND GISTING AS IF THEY LOVE ONE ANOTHER

These three arch-enemies, Dr. Orji Uzor Kalu, Chief Enyinna Abaribe and Chief T. A. Orji sat together at the International Conference Centre where they received their certificates of return. To the amazement of all, they were chatting as if there were friends. 

DO YOU HAVE FERTILITY ISSUES? TALK TO DR. MICHAEL OGUNKOYA (+2348033069466), A WORLD-CLASS FERTILITY SPECIALIST

Are you affected by fertility issues?

Do you need support?

ODD JOBS REPORT LEAVES INVESTORS SCRATCHING THEIR HEADS

Written by: Lukman Otunuga, FXTM Research Analyst

Traders are likely to be scratching their heads after the release of a very strange employment report from the United States for February. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

X-SERVE CHILDREN HOSPITAL

3, Godwin Okigbo Street, Facing Alhaji Masha Road (White House), Surulere, Lagos

08035320717, 08113426243

FORTHRIGHT SECURITIES & INVESTMENT LIMITED

Forthright Place, 13, Atinuke Olabanji Street, Off John Olugbo Street, Olowo Bus Stop, Ikeja, Lagos, Nigeria

08108523236, 07088060085

PHOTO: A GREAT BANKER, FINANCIAL EXPERT AND BUSINESSMAN, CHIEF ANAYO NWOSU

THE MAJOR REASONS WHY BIG NIGERIAN BUSINESSES COLLAPSE SOON AFTER THEIR OWNERS' DEATH

Chief Anayo Nwosu

By Chief Anayo Nwosu

BACKGROUND

The collapse of business after the demise of the founder is a global occurrence not limited to Nigeria.

I had conducted an indepth research, while during my postgraduate studies and in the course of my banking career, on the main causes of this phenomenon.

WHY YOU MUST BE CAREFUL WITH BANK LOANS: IT MAY LEAD YOU TO HELL OR TO PARADISE

Chief Anayo Nwosu

By Chief Anayo M. Nwosu

Let borrowing from a bank be your last option to increase your working capital.

Even the bankers, knowing how delicate their product is, have named their loans RISK ASSETS. They know why.

PHOTO: WHEN YOUR HUSBAND DANGLES A BRAND NEW CAR KEY AT YOU

LEKKI SWISS PROPERTIES DEVELOPMENT LIMITED

Lekki Swiss House, KM 36, Lekki-Epe Expressway,

Opposite mayfair Garden,

Awoyaya, Ibeju-Lekki, Lagos, Nigeria

07067020377, 08176413434

ARE YOU AWARE THAT SOME MEDICATIONS CAN AFFECT YOUR FERTILITY?

THIS IS VERY IMPORTANT

If you are taking any medication or herbal remedies, check with your doctor whether it may affect your fertility.

EDGE HOMES PROPERTIES & REAL ESTATE LIMITED

Road 3, Ikota Shopping Complex, VGC, Lekki, Lagos, Nigeria

08034142156

NIGERIAN EQUITY MARKETS STABILIZE; NAIRA STEADIES

Written by: Lukman Otunuga, FXTM Research Analyst 
The mood across equity markets in Nigeria has improved this week with the All-Share Index rising by roughly 0.14% yesterday. With the presidential elections over, investors are now redirecting their attention back towards Nigeria’s economy and what can be done to promote economic growth this year. Sentiment towards the Nigerian Naira also showed some improvement as the local currencies slightly gained against the Dollar on the parallel markets. This show of stability and recovery across Nigerian stock markets is likely to continue ahead of the parliamentary elections this weekend.

CHINA GROWTH TARGET FIGURES

By: Jameel Ahmad, FXTM Global Head of Currency Strategy & Market Research

The global economy was once again reminded of the risks that external headwinds can pose for domestic markets today, after the growth target for China in 2019 was estimated at a lower range when compared to 2017 and 2018.  http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

PEBEC COMMENCES FOURTH 60-DAY NATIONAL ACTION PLAN (NAP 4.0) ON EASE OF DOING BUSINESS

In line with the commitment to deliver reforms aimed at improving the enabling environment for doing business in Nigeria through systemic interventions, the Presidential Enabling Business Environment Council (PEBEC) has commenced the fourth 60-day National Action Plan (NAP 4.0) on Ease of Doing Business (EoDB).

NAIRA UNFAZED BY PMI MISS

Written by: Lukman Otunuga, FXTM Research Analyst

The Naira held steady against the Dollar on the forward markets despite headline PMI figures for February missing market expectations. Private sector growth in Africa’s largest economy cooled last month as Stanbic IBTC Bank Nigeria PMI decreased to 53.3 from 54.00 in the previous month.

MT. PISGAH HOSPITAL

1, Samuel Sode Street, Egbe, Lagos, Nigeria

08038087296, 08035624100

LET US WELCOME THIS SET OF TRIPLET

God is good and will remain good!!! With God, nothing in impossible!!!

FOLKS, LET US CONGRATULATE THIS GREAT COUPLE.

THROWBACK PICTURE OF THE SENATE PRESIDENT, DR. BUKOLA SARAKI, AND HIS LATE FATHER, DR. OLUSOLA SARAKI

ARE YOU CONCERNED ABOUT YOUR FERTILITY?

It is a well-known fact that INFERTILITY often ushers in grief, depression, anxiety and stress. Have you felt this way? Just know you are not alone. Coming out of your problem is imminent.

WHO CAN GUESS WHAT THIS MAN WAS SAYING IN HIS MIND WHILE TAKING PICTURE?

In his mind, he was just saying: “Thank you Lord.” Yes, God deserves to be praised for giving this man triple blessing. If you have looked for a child for so many years and wife gives birth to a set of triplet, will you not remove your shirt and run around the city?

EXPORT! EXPORT!! EXPORT!!!

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

BEHOLD CHARITY NYAMEKYE, A RENOWNED GHANAIAN BANKER

Charity Nyamekye, a big ghanaian banker

Miss Charity Nyamekye is a Ghanaian banker that rose from grass to grace. In this interview, she explains how she persevered will suffering in school owing to financial issues and graduated to be a very big banker. Sit back and read her story.

BENTLY HOTEL & SUITES

1, Oba Ajiboye Close, Asuku Street, Behind Ijaya Ojokoro LCDA, Ijaye, Lagos, Nigeria

08174705466

STOCK MARKETS’ RALLY AFTER A ROUGH AND ROCKY WEEK

Written by: Lukman Otunuga, FXTM Research Analyst 

Market sentiment swung back and forth this week as ongoing trade developments, Brexit-related drama, an abrupt ending to the US-North Korea summit and other geopolitical tensions influenced risk appetite.

VICTORY HANDS BUHARI SECOND CHANCE TO LEAD NIGERIA

Alhaji Muhammadu Buhari

The people of Nigeria have decided to grant President Muhammadu Buhari another chance to restore and stabilize the economy. Although there was a combination of uncertainty, confusion and anxiety following Buhari’s election victory, this is poised to fade as focus returns back to macroeconomic conditions. With the elections done and dusted, the key question on the mind of many investors is what this means for the Nigerian economy in 2019 and beyond.

NATIONAL HORTICULTURE RESEARCH INSTITUTE

Idi-Ishin, Jericho Reservation Arena, Ibadan, Oyo State, Nigeria

08135978436, 08069481807

HAPPY NEW MONTH: WELCOME TO THE MONTH OF MARCH

We welcome you to the month of

MARCH, 2019

This is a special month for you

This month will bring you:

Success

Joy

Promotion

Wealth

Career Push