Author: Marketforces Africa

How to Avoid Emotional Investing Mistakes Investing can be a rewarding way to build wealth over time, but it often comes with challenges, especially when emotions are involved. Emotional investing is making decisions based on fear, greed, or impulsivity. It can lead to mistakes that hurt your portfolio in the long run. Fortunately, there are strategies you can implement to avoid emotional investing and make more rational, informed decisions. Recognize Emotional Triggers The first step to avoiding emotional investing is recognizing when emotions are influencing your decisions. Fear and greed are the most common emotions that drive investors. Fear could…

Microsoft Dips Amid AI Investments, Data Centre Pullbacks Microsoft’s share price is currently trading around $379 mark, fluctuating between a high of $382.325 and low of $373.23. Its stock price today is potentially driven by the anticipation of upcoming tariffs and economic shifts. On the horizon, new tariffs set to take effect on April 2, 2025, are expected to impact global trade, especially in the technology sector. This has prompted a sell-off among technology stocks, with Microsoft among those seeing a decrease in value. The Nasdaq 100, in particular, has experienced a sharp drop, with technology giants facing declines of…

NGX Index Slips Intraday as Investors Sell Banking Stocks The value of all listed companies stocks on the Nigerian Exchange (NGX) fell during early trading hours on Wednesday as investors returning from the Islamic holiday began to offload their banking stocks. Hence, the all-share index retreated, along with other key performance indicators, as equities investors kickstarted portfolio rebalancing days after Tier-1 banks released their individual audited financial statements. Details from the stock market revealed that the local bourse has lost 9 basis points, and stockbrokers believe there is hope for a rebound with bargain hunting in any of the market…

Moody’s Downgrades Mozambique’s Local Currency Rating Moody’s Ratings downgraded the Government of Mozambique’s local-currency long-term issuer rating to Caa3 from Caa2, and affirmed the foreign-currency long-term issuer rating and the senior unsecured debt rating at Caa2. The outlook remains stable. The downgrade of the local-currency long-term issuer rating reflects the government’s severe liquidity challenges, Moody’s said in a rating note, added that these challenges are primarily due to difficulties in refinancing debt and fiscal pressures, which were further aggravated by the political and social unrest following the early October general elections. “These challenges have led to default events, including delays…

Ponzi Operators Risk 10-Year Jail Term, N20m Fine – SEC Promoters and operators of entities engaged in a prohibited scheme is liable to a penalty of not less than N20 million or imprisonment to a term of 10 years or both. The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, said it is one of the provisions of the newly signed Investments and Securities Act (ISA) 2025. He said the new Act would strengthen the legal framework governing Nigeria’s capital market. Agama said the commission previously lacked the legal power to prosecute Ponzi scheme operators, which had…

Fidson Healthcare Reports N5.78bn Profit for 2024 Fidson Healthcare has reported a profit of N5.78 billion for the financial year ended Dec. 31, 2024. This marks a 59 per cent increase from its 2023 profit of N3.607 billion. The company made the announcement on Tuesday through a corporate disclosure on the Nigerian Exchange Ltd. In addition to the profit growth, Fidson’s revenue also surged by 59 per cent, rising from N53.050 billion in 2023 to N84.189 billion in 2024. The company’s share capital remained unchanged at 1.147 billion for both 2023 and 2024. Fidson’s shareholders’ funds increased by 23 per…

BUA Foods Declares N13 Final Dividend BUA Foods has approved the payment of a final dividend of N13 per share to its shareholders, subject to withholding tax and shareholder approval. The company disclosed this in a corporate filing with the Nigerian Exchange Ltd. on Tuesday. The statement reads “A final dividend of N13.00 per ordinary shares of 50 kobo each, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at close of business August 21, 2025. “The register of shareholders will be closed from August 22 to August…

The amount raised by the Central Bank of Nigeria (CBN) from the local Treasury bills (NTB) in the primary market auctions conducted in March rose by more than 95% as the authority became aggressive with liquidity mopped up.

Transactions on NGX Fall by 16% as FPIs Exit Positions Total transactions conducted on the Nigerian Exchange (NGX) trading platform fell by more than 16% in March, according details from Domestic and Foreign Portfolio Transactions Report. Foreign Portfolio Investors (FPIs) exited positions in the month with recorded demand for US dollar. This market action affected transactions level, and value in the local bourse. The Exchange experience massive sell pressures that dragged key performance indicators downward, and this also created demand pressures for US dollar in the forex market. According to the report, total transactions at the Nigerian exchange fell from…

Wema Bank Records 135% Profit Growth Wema Bank has recorded a profit before tax of N102.51 billion. This marks an increase of 135 per cent compared to the N43.59 billion recorded in 2023. The bank has proposed a dividend of N1.00 per share following its strong financial performance in 2024. In a statement by the bank on Sunday, its balance sheet remains structured, diversified, and resilient, with total assets growing by 60 per cent to N3.585 billion in 2024. Total assets had stood at N2.240 billion in 2023. The bank also grew its deposit base year-on-year by 36 per cent…