Economy
2016 Recap and 2017 Market Outlook
By Ambrose Omordion
History has been made in the Nigeria capital market. For the third consecutive year, the benchmark All-Share Index of the Nigerian Stock Exchange (NSE) again contracted.
The 2016 contraction, unlike those of 2014 and 2015 was a single digit decline, fueling hope of a recovery soon.
The single digit contraction however resulted from the year-end seasonal trading volatility witnessed in the last few trading week of 2016, triggered by the low stock valuation and the agreement by members of the Organisation of Petroleum Exporting Countries (OPEC) to cut supply of crude oil to the international market as part of measures aimed at stabilizing oil prices.
The agreement was enhanced by the support of Russia, a major producer and non-member of the cartel, which also announced a cut in its production output. Market reaction to the news of the agreement which becomes effective this year, resulted in the gains by players in the NSE’s oil and gas sector as tracked via the Oil & Gas index.
The year 2016 was however rough for market players and analysts as unexpected events, negative economic data and company numbers continued to deepen to reflect the prevailing economic recession.
It is nonetheless obvious that during the year 2016, lack of concrete economic policies to give direction and the non-coordination of economic managers was also a major factor that affected domestic and international investor confidence in the market and the economy at large.
There was the impact of the delayed budget, coupled with the tight monetary policy regime adopted by the Central Bank of Nigeria (CBN).
The non-complementarity of fiscal and monetary policies was also evident, as both rather moved in opposite directions to the detriment of the masses, with the economy contracting in the first three quarters of the year as revealed by GDP numbers released by the National Bureau of Statistics (NBS).
The NBS on Saturday noted that if Nigeria must hold the unemployment rate at the current level of 13.9%, its economy must generate over 2.6 million annually, lamenting that the magnitude of employment in the country has not been sufficient to meet the ever-growing labour market, hence the continuous rise in the level of unemployment in the country.
The regulators of the market: SEC and NSE, recorded improvements despite the mixed general performance of the market for the year to close lower.
The development and growth of the nation capital market was highly driven by technology that continues to transform the face of the market and enhance transparency thereby restoring both domestic and international investors’ confidence in market activity.
Technology has also continued to make trading and investing simple with the online trading platforms that allows investors place trade from the comfort of their homes and offices, coupled with access to real market information that quicken investment decisions as more market operators creating online portals for their clients to trade directly on their own.
The composite index NSE ASI for the year shed 1765.68 points to close at 26,874.62 from an opening figure of 28,642.25 representing 6.16% decline after it had hit a high of 31,127.82 and low of 23,311.95 within the year under consideration.
The year started with a negative outlook in January which was characterized by the post-election fear of the leadership and economic management style of the new government, with share prices (especially of most blue-chips), volume and value recording new lows stocks, virtually all the indices crashed for that period.
They reversed up in February with oscillating movement that lasted five months, touching a high of 31,127.82points in June before pulling back to experience mixed performance of up and down movements, extending the periods of market bearishness that lasted for another five months (most notably from June to November) and these conditions made the latter part of the year quite interesting for many traders, before the end of the year rally reversed the bearish trend to close the month of December in green.
The Santa Claus rally effect was visible on the exchange.
The other leg of the market which is the primary market had low activity, compared with the previous years as all proposed Right Issues, public offers or initial public offers were postponed due to uncertainties and low confidence of investors in the market, despite all the efforts of market regulator to admit more companies to the exchange. One company was however admitted for listing at the alterative market sector during the year.
As the market repositions to play its role in the nation’s economic development, government must introduce policies that will attract small and medium companies to sources medium and long fund from the stock market.
The market’s sectoral indices showed that two out of the 11 indices closed the year positive. They are: which are NSE Premium index and NSE Banking Index with 6.98% and 2.17% respectively, while others were in red apparels.
The loss suffered by the market in 2016 was attributed to many factors including unstable global financial market resulting from low price of crude oil at the beginning of the year, sell down in china’s equity market, unexpected vote by Britons to leave the Eurozone and the unexpected victory of U.S president-elect Donald Trump.
Also on the local scene, there were the effects of high interest rate, hyperinflation, high unemployment and low national output that led to the ongoing recession that affected the general earning power of Nigerian that to no savings no investment. Liquidity was also a challenge, with its negative effect on the market, leaving the scene for foreign portfolio investors who tend to be unstable, moving in any direction as dictated by owners of the funds who combed in and out of the market.
The situation was not helped by the failure of the registered market makers to take off, as they are financially handicapped to play the role of stabilizing the system.
The regulators of the financial market need to come together to fashion ways that funds can flow into the market to ensure it performs its role in economic development and growth effectively.
Moreover, we would like to share our top trading themes in 2017 and where stocks, sectors, domestic and global economies are headed in the first quarter of 2017 and beyond.
In our INVEST 2017 SUMMIT held on December 3, 2016, top 10 recession proof stocks were discussed as only 18 stocks out of 219 listed companies that will grow their dividend for 2017 were recommended for investors and traders that participated at that event and these are companies with strong earnings capacity and support high pay-out ratios and high dividend yields with returns better than those of fixed income assets and cushion against the nation’s inflation rate, while the NSEASI posted a loss of 6.16 per cent in the same period. Other stocks can be traded with Technical Analysis using Support and Resistant trend line.
Over the past year the three stocks that recorded triple digits appreciation in price have recovered from 2015 down sell as a result of positive market sentiments and strong financials. Also, 13 equities recorded two digits capital growth for the same period to create value for investors.
In all, a total of 27 stocks, including the single digit gainers, were the best performing for the year.
The top five are Dangote Flour with 276.11% gain; United Capital, 108.4% capital appreciation; while Total Nigeria, Seplat and Mobil Oil recorded capital growth of 103.39%, 87.19% and 74.38% respectively. The domination of the top gainers’ table by petroleum stocks may likely continue in the New Year with other stocks that had performed well within the period.
On the flip side, over 55 stocks were among the worst performers for the year.
The top five are: Forte Oil that lost 74.42%; and Skye Bank, 68.35%; while Calverton, Diamond Bank and Sterling Bank were down by 63.56%, 61.74% and 58;47% respectively.
For profitable stock market investment and trading in the new year, get our INVEST 2017 TRADERS & INVESTORS SUMMIT home study pack for your guide in taking advantage of the next earnings season in 2017.
It is true that stocks are selling relatively at a low valuation now due to prolonged down market that was triggered by the exit of foreign investors in the market as result of falling oil prices and post-election uncertainties of the new government that created confidence crisis. But with the little improvement recorded in the Q3 GDP figures, despite still being negative, the contraction is reducing when you look at the change in Q1 GDP of -0.40, Q2 of -2.02 and Q3 of -2.24 which is a pointer that Q4 may likely be lower still to continue in a positive light especially as we expect the government to review and improve on its fiscal policies to boost productivity in the new year with the N7.3 trillion budget proposal for 2017.
Also it is expected that the CBN in the New Year should review its one-sided monetary policy in view of the need for greater collaboration in 2017 to save the nation from continued recession. The gradual return of foreign portfolio investors due to expected improvement in the nation’s reserve and implementation of the OPEC agreement in this first quarter of 2017. Also, it will boost government’s revenue and enhance implementation of the budget if passed earlier, given that the budget benchmark is $42.5 per barrel of oil, at a time it is already trading above $55.
In the New Year, investors should target stocks in the following industries: building material, construction, hospitality, energy, agriculture, financial and services that had suffered losses due to a bearish market that still has strong earnings power that can drive the price up again.
The global economy is likely to remain unstable, despite the expected increase in crude oil price in January as Britons prepare to exit the Eurozone and policy change in US by the new government which may likely redirect flow of funds.
Investors should be optimistic about the New Year as our comprehensive outlook for 2017 for publication next week and the outcome of the INVEST 2017 TRADERS & INVESTORS SUMMIT reveal a bullish signal for the year.
The chart below highlights the day change of the All Share Index for the entire year, with up days represented in green and down days in red. January march, May, June, July October, November and December were definitely the most volatile months of the year.
https://trwstockbrokers.wordpress.com/2017/01/02/2016-recap-and-2017-market-outlook/amp/
By Dipo Olowookere
The local stock exchange recorded a 0.12 per cent week-on-week expansion last week as a result of the gains achieved by 26 equities on the platform. The number of price advancers, however, was lower than the 33 posted in the preceding week.
In the five-day trading week, there were 63 price losers, higher than 56 of the previous week, while 58 stocks closed flat versus 58 stocks of the earlier week.
The price advancers were led by AVA Capital, which grew by 33.33 per cent to N11.00. FCMB gained 13.10 per cent to trade at N12.95, First Holdco appreciated by 12.23 per cent to N145.40, Fortis Global Insurance soared by 11.11 per cent to N2.60, and Linkage Assurance went up by 10.63 per cent to N1.77.
On the flip side, Thomas Wyatt shed 26.71 per cent to close at N3.21, Trans-Nationwide Express crashed by 23.76 per cent to N2.15, CMFC dropped 22.68 per cent to settle at N3.00, Ecobank stumbled by 18.94 per cent to N71.20, and Consolidated Hallmark lost 16.51 per cent to N6.98.
Last week, the All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited rose by 0.12 per cent to 245,573.60 points, and the market capitalisation also chalked up 0.12 per cent to finish at N158.513 trillion.
Similarly, all other indices finished higher apart from the main board, insurance, consumer goods, energy, Lotus II, industrial goods, growth, sovereign bond, and commodity indices, which depreciated by 0.83 per cent, 3.31 per cent, 1.75 per cent, 0.03 per cent, 0.46 per cent, 0.17 per cent, 2.14 per cent, 0.09 per cent and 0.01 per cent, respectively.
In the week, market participants transacted 5.359 billion shares worth N139.053 billion in 261,869 deals compared with the 5.119 billion shares valued at N404.762 billion traded in 285,223 deals a week earlier.
Data showed that the Financial Services space led the activity chart with 3.469 billion shares sold for N73.013 billion in 117,509 deals, contributing 64.73 per cent and 52.51 per cent to the total trading volume and value, respectively. The energy counter followed with 1.023 billion shares worth N18.900 billion in 17,680 deals, and the ICT sector recorded a turnover of 232.368 million shares worth N14.624 billion in 31,866 deals.
Japaul, Fortis Global Insurance, and FCMB accounted for 2.562 billion units valued at N14.173 billion in 6,645 deals, contributing 47.80 per cent and 10.19 per cent to the total trading volume and value, respectively.
Economy
Trump Earned over $1 billion Through Cryptocurrency; How Can an Ordinary Investor Earn $17,700?
Trump publicly criticized Bitcoin in 2021 but rapidly shifted his stance during the campaign, proposing to make the United States the “global cryptocurrency capital.”
After returning to the White House, he signed an executive order supporting the development of the digital asset industry. Meanwhile, reports indicate that Trump and his associated businesses have generated over $1 billion in gains through cryptocurrency.
As we enter 2026, cloud mining is emerging as a new area of interest amidst the continued development of computing infrastructure and digital asset markets. For the average investor, the question arises: how can one generate $17,700 in passive income—or even more—despite constant market volatility?
Cloud mining： represented by platforms like SHRMiner, is rapidly gaining market attention. By providing rentable computing power services and earning mining rewards, it allows users to access the complete cloud mining process and earn passive BTC income without purchasing expensive equipment or specialized skills.
Recently, SHRMiner, a UK-based cloud mining platform, officially launched a new “free cloud mining service.” This service is designed for holders of mainstream cryptocurrencies such as BTC, XRP, DOGE, LTC, and EHT, providing users with a new opportunity to participate in cryptocurrency mining without any entry barriers.
How to earn passive income from BTC through SHEMiner cloud mining
Start earning returns in just three simple steps:
- Register an account
By visiting the official SHRMiner website, users can register for a free account in less than two minutes and receive a $15 sign-up bonus; this bonus allows them to quickly experience the platform’s services and earn a daily return of $0.60 from a complimentary trial contract.
- Select a cloud mining plan
Choose a cloud mining plan that suits your needs and budget. The platform offers flexible plans ranging from $100 to $200,000 to meet the investment goals of different users.
- Start earning returns
After purchasing a contract, earnings are automatically settled within 24 hours without requiring additional management or action; users can withdraw their earnings to their cryptocurrency wallet addresses at any time or reinvest the profits to benefit from the compounding effect.
The primary advantage of this model is that it significantly lowers the barrier to entry. Users do not need to research specific mining hardware models or hashrate configurations, nor do they need to set up their own system environments; simply by registering an account, depositing assets, and selecting a mining plan, they can start earning returns.
SHRMiner Platform Advantages:
- Supports daily automatic settlement
- No additional electricity or maintenance costs required
- Utilizes advanced ASIC mining hardware, powered by renewable energy sources including hydropower, wind power, and solar power
- Supports mining for multiple currencies: earn mainstream cryptocurrencies such as BTC, XRP, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
- Equipped with SSL encryption and DDoS protection, a real-time earnings dashboard for easy monitoring of mining performance
- 100% remote access, fully accessible via the SHRMiner application or browser without hardware requirements, and 24/7 online technical support.
⦁Affiliate Program: The Affiliate Program allows you to earn up to 4.5% commission by referring friends, with the opportunity to earn an additional bonus of up to 30,000.
Examples of common contracts:
| Contract Name | Price | Profit | Days | Principal + Total Return |
| New User Experience Agreement | $100 | $4 | 2 | $100+$8 |
| Bitdeer Sealminer A2 Pro | $500 | $6.25 | 5 | $500.00 + $31.25 |
| Litecoin Miner L9 | $1000.00 | $13.00 | 10 | $1000.00 + $130 |
| Bitcoin Miner S21 XP Imm | $5000.00 | $70.00 | 25 | $5000.00 + $1750 |
| Bitcoin Miner S21e XP Hyd | $10000.00 | $150.00 | 35 | $10000.00 + $5250 |
| ANTSPACE HW5 | $50000.00 | $900.00 | 45 | $50000.00 + $40500 |
After purchasing a contract, earnings will be automatically credited to your account within 24 hours. Upon contract expiration, your principal will be returned in full. You may withdraw the principal or reinvest it to benefit from compound returns; please click here for more details regarding the mining contract.
Unimaginable money-making opportunities
What sets SHRMiner apart is its extraordinary daily passive income; users have the opportunity to earn $10,700 or even more each day, turning the dream of online wealth into reality. Imagine generating substantial income without the need for ongoing investment or complex setups—that is exactly what SHRMiner offers.
Safety and Sustainability
In the mining sector, trust and security are paramount; SHRMiner fully recognizes this and prioritizes user safety above all else. Committed to transparency and legitimacy, SHRMiner ensures your investment is protected, allowing you to focus on profitability. All mining facilities utilize clean energy, making this a carbon-conscious cloud mining operation. Renewable energy protects the environment from pollution while providing a powerful energy source.
In short
If you are looking for ways to generate passive income, cloud mining is an excellent choice. When approached correctly, these opportunities allow you to effortlessly build cryptocurrency wealth on “autopilot” with minimal time investment. At the very least, they are far less time-consuming than any form of active trading. Passive income is the ultimate goal for every investor and trader, and with SHRMiner, maximizing your passive income potential is easier than ever.
To learn more about SHRMiner, please visit the official website: https://shrminer.com
Complete List Of The Top Crypto Platforms in Nigeria: Where to Trade Safely
As a Nigerian just getting started in crypto trading, or someone trying to rebuild their confidence after a bad trading experience, the fear of losing your hard-earned money is valid. This is why choosing a reliable crypto platform to carry out your trading is very important.
The good news here is that there are several trusted crypto platforms built to serve Nigerian traders, offering secure trading, fast withdrawals, and competitive fees.
In this guide, you will discover the top crypto platforms in Nigeria, what makes each one stand out, and how to choose the best option based on your trading goals.
Top 4 crypto platforms in Nigeria
NOSH
Nosh is one of the top platforms in Nigeria and Ghana with the best crypto trading services, offering the best rates for crypto trading, allowing you to get good value for your digital assets. With its user-friendly interface and 24/7 customer support, it is a very good option whether you are a new or experienced crypto trader.
With Nosh, you get:
- Instant payouts on every transaction, no unnecessary waiting.
- Advanced fraud protection with two-factor authentication to keep your account and transactions secure.
- Easy and direct conversion of crypto to Naira or Cedis within a few minutes; no need for third-party apps whenever you are ready to cash out.
- High exchange rates.
- Transparent rates with a rate calculator to know how much you will be getting.
Nosh supports a variety of cryptocurrencies such as Bitcoin, Dogecoin, USDC, USDT, Ethereum, Tron, Litecoin, and Binance Coin.
KUCOIN
KuCoin is another popular crypto platform known for its P2P (peer-to-peer) marketplace. With KuCoin, you can trade your crypto directly with a buyer or sell your crypto directly with a seller. KuCoin holds the crypto in escrow until the seller accepts that they have received the payment; this is done to avoid fraud from the buyer or seller of the crypto.
With KuCoin, you get:
- To carry out P2P trading with escrow protection.
- To use multiple payment method options like bank transfer, USSD, and mobile-money-linked options.
- Offers competitive and relatively low trading fees, especially if you’re holding KCS (KuCoin’s native token).
- Gives you access to spot trading, futures/derivatives, staking, and other earn products
KuCoin supports stablecoins such as USDT, USDC, and TUSD.
COINCOLA
Coincola is also a top platform ranked as one of the best P2P trading platforms for Nigerians. With Coincola, you get to buy and sell your Bitcoin and USDT with real-time price tracking. Coincola is your go-to platform if you need one that offers flexible funding options like cash deposit and bank transfers. However, there have been reports of withdrawal delays.
With Coincola, you get;
- A P2P marketplace to buy/sell Bitcoin and other coins directly from vendors, with their completed-trade counts shown upfront so u can trade with caution.
- Instant BTC conversion with real-time price tracking
- To use multiple local funding options like bank transfer, cash deposit, and gift cards
- An escrow system that holds your money until a trade is confirmed.
Coincola supports cryptocurrencies like USDT and TRON.
YELLOWCARD
Yellowcard is another popular crypto platform that offers not only P2P trading but also allows you to buy and sell assets like USDT, USDC, PYUSD, BTC, and ETH with regional payment options like mobile money, bank transfers, and cash deposit. However, in 2025 they announced they no longer offer crypto-to-cash retail services.
With Yellowcard, you get:
- Direct access to buy and sell crypto rather than waiting to match with individual P2P counterparties.
- To use multiple funding methods like bank transfer, mobile money, and cash deposits.
- Free local and cross-border transfers via “Yellow Pay” to 20 different countries in Africa.
Factors to consider when choosing a crypto platform
- Don’t just look at the advertised trading fee. Some platforms hide the extra cost, so your actual rate ends up higher than expected. Do a small test trade first and see what you actually receive.
- The best platform in the world is useless to you if it doesn’t support how you actually move money, whether it’s bank transfer or mobile money. Check that before you even sign up, not after.
- Some platforms convert instantly; others, especially P2P ones, need you to wait for a counterparty to show up. If you need your money fast, that difference matters a lot.
- If you specifically need USDC or another less-common stablecoin, don’t assume it’s there on the platform. Double-check the coin list before you commit to one.
- Support should not be silent when something goes wrong. Look for evidence people actually got helped, not just a “24/7 support” badge.
- If a platform can’t tell you clearly how they protect your money, that’s a red flag on its own. Always go for one that prioritizes security.
FAQs
- Which crypto platform is best in Nigeria?
The best crypto platform in Nigeria is Nosh. Nosh offers the best rates for selling crypto with direct crypto-to-naira conversion to easily change your crypto to cash when needed.
- Can I teach myself crypto trading?
Yes, you can. There are many platforms and tutors with tutorial videos and lessons on how to start crypto trading on your own.
- What is the most popular crypto in Nigeria?
The most traded cryptocurrency in Nigeria is Bitcoin, making it the most popular.
Conclusion
When you trust the right platform, your journey in crypto trading is safe and secure. Always look out for crypto trading platforms that meet your needs alongside keeping things like payment options, a good list of coins they support, and other factors mentioned in this article before committing to one.
Always start with a small test trade first to see what you are getting; it will help you get a better idea of how the platform works so you don’t fall victim to hidden charges not included in price tags by some platforms.
