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Investors embrace Nigerian stocks, with portfolio investment rising by N40.5 billion

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Domestic exchanges represented 70.33% while unfamiliar exchanges represented 29.67% of the absolute exchanges.

The Nigerian Stock Exchange gives off an impression of being increasing huge footing as all out portfolio ventures rose by N40.5 billion in September 2020.

This was contained in the domestic and unfamiliar ventures report delivered by the Nigerian Stock Exchange (NSE).

As per the report, the all out portfolio ventures rose by 42.9% contrasted with 94.45 billion recorded in August 2020. The breakdown of the report shows that homegrown exchanges represented 70.33% of the complete exchanges, while unfamiliar exchanges represented 29.67% of the absolute exchanges in September.

Key features

Absolute domestic exchanges finished year to date (YTD) is about N825.94 billion, while unfamiliar exchanges finished YTD is about N510.25 billion.

Unfamiliar inflows diminished by 71.67% since the last ascent in September 2019, while Foreign Outflows diminished by 70.31% since the last ascent in March 2020.

The absolute estimation of exchanges finished by Domestic Investors in September 2020 outperformed that of the all out estimation of exchanges finished by Foreign Investors by N54.87 billion.

Portfolio ventures expanded strongly by 42.9% from N94.45 billion (about $244.27 million) in August 2020 to N134.97 billion (about $349.85million) in September 2020.

Contrasted and September 2019 (N141.45 billion), the presentation of the current month shows that complete exchanges diminished by 4.58%.

As delineated in the diagram, absolute exchanges finished among August and September 2020 demonstrated that all out domestic exchanges flooded by 71.12% from N55.47 billion in August to N94.92 billion in September.

Likewise, absolute unfamiliar exchanges expanded by 2.74% in September 2020 from N38.98 billion (about $100.81 million) in August 2020 to N40.05 billion (about $103.81million) in September 2020.

Then, for domestic exchanges, investigation uncovered that Institutional Investors outflanked Retail Investors by N23.54 billion.

A correlation of domestic exchanges in the current and earlier month (August 2020), uncovered that both retail and institutional exchanges expanded by 34.12% from N26.61 billion in August 2020 to N35.69 billion in September 2020, and 105.23% from N28.86 billion in August 2020 to N59.23 billion in September 2020 separately.

For unfamiliar exchanges, investigation uncovered that Foreign Outflow beat Foreign Inflow by N12.05 billion. An examination of unfamiliar exchanges in the current and earlier month (August 2020) uncovered that Foreign Inflow declined by 20.72% from N17.66 to N14 billion, while Foreign Outflow expanded by 22.19% from N21.32 to N26.05 billion.

What you should know

Over a 6-year time frame, in light of the information accessible on the NSE, investigation demonstrated that all out domestic exchanges diminished by 67.94% from N296.06 billion in September 2014 to 94.92 billion in September 2020; while absolute unfamiliar exchanges diminished by 82.33% from N226.68 billion in September 2014 to N40.05 billion in September 2020.

All out domestic exchanges represented 70.33% of the absolute exchanges completed in September 2020, while unfamiliar exchanges represented 29.67% of the all out exchanges in a similar period.

What this implies

Thinking about the significance of unfamiliar speculation, the decay is especially disturbing and could show that unfamiliar financial specialists are avoiding Nigerian stocks. Then, more Nigerian financial specialists are wandering into the market contrasted with earlier months.

Notwithstanding, the empowering factor is that all out unfamiliar and homegrown portfolio figure recorded in September is the most elevated since the dunk in March. This may well imply that stocks are starting to get, which is uplifting news for stock specula

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Rage as Fela Kuti is not among the inductees into the Rock and Roll Hall of Fame 2021 class

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Godfather of Afrobeat, Fela Anikulapo Kuti who received the posthumous honour to be among those vying to be inducted into the Rock and Roll Hall of Fame 2021 some few months back, sadly failed to secure a spot despite being top two on the voting polls.

Fela Kuti gets shunned from the inductees despite being top two.

Today, May 12, the committee announced the inductees by means of a 3-minute video through president and CEO, Gregg Harris. Fela was nominated in the Performers Category, amassing a total of 545,000+ votes, making him the second most voted act after Tina Turner (548,000+ votes) but to the surprise of the masses, Fela was not included in the list of inductees.

Shockingly included are performers like rap icon and mogul – JAY-Z and LL Cool J who failed to secure a top five spot on the poll, infact, they were the least voted acts when voting concluded.

Although, quite frankly there is a disclaimer on the website were the poll was conducted, stating that votes do not guarantee induction but for a Top 2 voted act in Fela Anikulapo Kuti, that should not even be the case and Nigerians have taken to Twitter to express their disappointment at the ‘rigging’, ‘clout chasing’ and inconsiderate conduct regarding how the Rock and Roll Hall of Fame committee unjustly treated the voting polls and Fela Kuti.

On what might have transpired regarding the voting stage and selection of inductees, Fela’s first son, Femi Kuti had this to say:

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Video: Mojisola Oduola -Kabiyesi

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At last the long awaited video is out . KABIYESI The unquestionable God.

watch and make sure you subscribe to my YouTube channel. May God bless you as you do so.

This will surely serve as my birthday gift from my love ones.
Click on the link below

CLICK TO DOWNLOAD

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Funny tweets, memes and videos from Twitter NG for “Happy 420”

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Today’s date, April 20, stylised as 4/20 is a day worldwide commemorated by stoners or smokers of weed to celebrate marijuana. In short, it is treated as a public holiday for weed/marijuana and termed—Happy 420.

Twitter NG i.e users of Twitter in Nigeria, as it is the yearly custom are trending “Happy 420” as the number one topic in the country. While many really used the medium to share their unwavering love for weed, others have taken it upon themselves to make funny tweets, memes, skits and share several videos in relation to weed smoking and “Happy 420” as an entity.

While some tweeps take jab at those who don’t smoke weed but indulge in the “woke” culture by wishing stoners a “Happy 420”, others in their own way intentionally misinterpret certain scriptural verses for comedic purpose in order to aid and bait their smoking habits, still others take it upon themselves to disperse various memes which for sure will bring a smile upon your face. That’s not all, though, for we have some tweeps who did brainstorm to form some of the best puns concerning weed and stoners jokes ever. Well we can say irrespective of the way they passed their message regarding “Happy 420”, they all ended on a high note. Enjoy!

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