21 January 2020

1) As Boeing’s 737 MAX crisis continues, Boeing is talking with banks to borrow $10 billion dollars or more to finance the rising cost from its 737 MAX woes. So far, the company has borrowed $6 billion dollars to cover its cash-sapped operations after having suspended production of the planes this month. The crisis which grounded the 737 MAX is now entering its eleventh month.

2) The global auto industry continues its downward slide into deeper recession with sales down 4%. Automakers are struggling to find buyers in China and India, with the downward trend expected to continue this year. The number of vehicles sold dropped from 94.4 million down to 90.3 million last year, with the record high in 2017 of 95.2 million. The IMF says new autos account for 5.7% of economic output and 8% of the goods exported. Autos are the second largest consumer of steel and aluminum.

3) Because of unrest in Iraq and Libya, oil rose to its highest in more than a week. Oil prices have always been heavily influenced by geopolitical instability, especially those countries heavily involved with oil exports. Lybia has Africa’s largest oil reserves, with their Sharara oil field being Lybia’s largest by pumping 300,000 barrels a day.

4) Stock market closings for – 20 JAN 20:

Dow              29,348.10    up    50.46
Nasdaq          9,388.94    up     31.81
S&P 500         3,329.62    up    12.81

10 Year Yield:    up   at    1.84%

Oil:    down   at    $58.70

16 January 2020

1) Nigeria may become the superpower of Africa, repeating the economic miracle of China and India. While investors are not moving into Nigeria yet, they are watching. Like China and India, Nigeria was once a colony of the west, and like India, was a colony of the British, and just like India its language is English. Right now, Nigeria is economically where China was forty years ago, before Mao Zedong died and Deng Xiaoping deregulated the economy to unleash it. For many other reasons, Nigeria is set to repeat the economic miracle of China.

2) House mortgage applications has soared to its highest level in eleven years, for new homes and refinance. Applications are up 30.2% from last week, and are 109% higher than a year ago. The interest rates are under 4% , combining with a rosy economic outlook and high employment causing home buyers to rush into the market. This is causing a near record low supply of housing across America, pushing prices up.

3) Retailer giant Target didn’t have a strong holiday sales in their toy departments, less than what was expected. This is ringing alarm bells for the entire industry. While Target gained market share in toys, its toy sales were flat over the 2019 holidays compared to last year. Toy makers like Hasbro, Mattel and Spin Master are offering a smaller variety of toys and games, a result in part from the bankruptcy of Toys-R-Us. Increasingly, toy sales is going to online retailers such as Amazon.

4) Stock market closings for – 15 JAN 20:

Dow            29,030.22    up    90.55
Nasdaq         9,258.70    up      7.37
S&P 500        3,289.29    up      6.14

10 Year Yield:    down   at    1.79%

Oil:    down   at    $58.13

THE EFR PODCAST EP. #31: #NIGERIADECIDES2019 PRESIDENTIAL & NATIONAL ASSEMBLY ELECTIONS

We’re back for another episode. Sammy BE @EcoFireTV, James, Lyman & Jon Don Sterling “On The Boards” @TheDramaBlock.

The trio had the pleasure to interview Nigeria’s media platform ObjecTvMedia’s Shomade Olwaaegun @Objectvmedia. He was able to describe what was going on the ground, in the recent Presidential/National Assembly elections in Nigeria.

Shomade was able to give a detailed account and opinion on the respective candidates for the Nigerian presidency and what the two major parties APC & PDP were doing to court youth voters, and what INEC was doing to make sure that elections throughout the country was free, fair and credible.

This is a must listen to episode, in its truest form.

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Check Out Our Online Platforms:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4) www.soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos

(EFR.Tv Youtube)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

5 September 2018

New article posted below titled “CHINA LOOKING TO REFORM AFTER GROWING TIT 4 TAT WITH U.S.”

1) Amazon became the second mega corporation to reach the $1 trillion dollar value, second after Apple which recently reached the one trillion mark.

2) World currencies that are virtually worthless, needing a laundry bag or wheelbarrow to carry enough money to buy a loaf of bread. The Venezuelan bolivar, South Sundanese pound, Nigerian naira, Zimbabwean dollar, Somaliland shilling, Iran rial, Uzbeks uzbekistani and Vietnamese d?ng are worth next to nothing.

3) 4 SEP 18 Stock market closings:

Dow             25,952.48     down      12.34
Nasdaq          8,091.25     down      18.29
S&P 500         2,896.72     down        4.80

10 Year Yield:    up   at   2.90%

Oil:    down   at   $69.48

4 September 2018

New article posted below titled “CHINA LOOKING TO REFORM AFTER GROWING TIT 4 TAT WITH U.S.”

1) Africa is presently experiencing a sever infestation of Army Worm, which is posing a serious food problem.  This is effecting the food supply of about 300 million Africans by infesting 20 to 50% of the corn crops.  Africa has experienced a 28% decline in their corn harvest.

2) International manufacturing is slowing down amid heighten trade tensions. Britain is further effected by questions of Brexit to content with.

3) High gas prices put a damper on the holiday with 35 million Americans driving 50 miles or less.  Gas prices are the highest Labor day prices in 4 years. Average national gas price is $2.83 per gallon.

4) 3 SEP 18 Stock market closed for holiday:

The EFR Podcast Ep #27: Flip Africana Millennials Feat. FlipTV’s Biodun Kupoluyi

On this episode of the EFR Podcast Sammy BE, along with James Lymon & Jon Don “On The Boards” Sterling; had the pleasure of interviewing the publisher of Nigeria’s very own online/youtube channel platform, FlipTV’s Biodun Kupoluyi.

Biodun discussed media, online and internet platforms being utilized by the youths in Nigeria and in Africa alike. He discussed how online media is changing the game, as far as different ways that people get their information and news in a faster and quicker timeframe.

Biodun also spoke on how Africa as a continent is engaging with the dynamics of online resources and how these resources will assist in the rapid development of the continent.

This is one episode that you don’t wanna miss….. And as always
#BEBless #StayBless #GODBLESS #RealRecognizeDeal$$$

Website Platforms To Check Out:

1) www.instagram.com/EcoFireTV

2) www.twitter.com/EcoFireTV

3) www.Economic&FinanceReport.com (Economic & Finance Blog Site)

4) www.soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

5) www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube Ch)

6) www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

DISCUSSION OF NIGERIA & LIBYA CAPPING OIL PRODUCTION NOT ON TABLE, FOR NOW (OPEC)

By: Economic & Finance Report

 

OPEC has insisted that oil output from Libya and Nigeria are not on the agenda in meeting in St. Petersburg, Russia next month to discus the pact OPEC members currently made to reduce oil supply flow.

Nigeria will cap oil production if it can maintain 1.8 barrels pumping, while Libya wants to maintain 1.25 barrels of oil flow. Libya and Nigeria are currently exempt from the curbing of oil production by OPEC. -SB

NIGERIAN PILOT BECOMES FIRST AFRICAN TO FLY AROUND THE GLOBE SOLO!!!!!!!!!!!!!!!!!!!!!!!!!!

By: Economic & Finance Report

Throughout history and throughout world expenditures, there are great events that take place globally that exhibit strong recognition; this happens to be one of them.

On March 29, 2017 a Nigerian pilot by the name of Ademilola “Lola” Odujinrin became the first African to fly around the world by himself.  37 year old Lola Odujinrin, is a pilot for Air Djibouti, and he began this exciting journey around the world; beginning in September 2016, and he completed his journey Wednesday, March 29, 2017 at Dulles International Airport in Washington DC.

Odujinrin stopped in more then 15 countries and and 5 continents throughout his trip. His name will now be recorded in the history books, along with other great pilots. Congrats to Mr. Ademilola “Lola” Odujinrin, for this tremendous feat. -SB

10 BEST STOCK EXCHANGES IN AFRICA FOR 2016………………

By: Economic & Finance Report

Every year there is a study of the top best stock exchanges in Africa. Last year’s (2016) study was conducted by Jamelle Cole, CFA, CPA for Relentless Investment Research.

Mr. Cole’s analysis included indicators such as trade data, historical dividends, company evaluation/information, and trading hours by their respective exchanges.  Each category for each trading exchange; the highest number they could possibly accumulate was a 5.

The top 10 stock trading exchanges in Africa that made the list for 2016 (last year) in numerical order, were countries such as:

  1. CSE (Casablanca Stock Exchange) (Morocco)
  2. ZSE (Zimbabwe Stock Exchange) (Zimbabwe)
  3. NSE (Nigerian Stock Exchange) (Nigeria)
  4. LuSE (Lusaka Stock Exchange) (Zambia)
  5. EGX (Egyptian Exchange) (Egypt)
  6. GSE (Ghana Stock Exchange) (Ghana)
  7. JSE (Johannesburg Stock Exchange) (South Africa)
  8. USE (Uganda Securities Exchange) (Uganda)
  9. BSE (Botswana Stock Exchange) (Botswana)
  10. NSE (Namibian Stock Exchange) (Namibia)

There you have it; these are top stock and securities exchanges in Africa, for the year 2016. We shall see what the list has forthcoming in 2017…..-SB

*Study conducted by Mr. Jamelle Cole, CFA, CPA *Source: Relentless Investment Research*

NIGERIA BIGGEST ECONOMY IN AFRICA AGAIN: TWICE IS A CHARM!!!!!!!!

nigeria

By: Economic & Finance Report

Nigeria reclaimed its numero uno status as the biggest economy in Africa again, last week. The IMF indicated that Nigeria’s GDP contracted to $415 billion, while #2 runner up South Africa had $280 billion and rounding off #3 was Egypt, (which data has not come out yet when writing this piece).

The International Monetary Fund (IMF) also indicated Nigeria should be out of their recession by early 2017. Nigeria has seen recession before; during 1982-1984 when current Nigerian President Muhammadu Buhari was military head of state then, and in 1991 when Ibrahim Babangida was also head of state at the time. -SB