Analysts Place ‘Moderate Buy’ Rating on Mobil Nigeria

By Adedapo Adesanya Brent crude futures surged by 2.8 per cent or $2.59 on Wednesday to the highest settlement in 2023 at $96.55 per barrel after a steep drop in crude stocks in the United States compounded worries of tighter global supplies. The price of the US West Texas Intermediate crude futures (WTI) climbed by 3.6 per cent or $3.29 to $93.68 as the Energy Information Administration (EIA) reported a crude oil inventory draw of 2.2 million barrels for the week to September 22 in the country. In the preceding week, the agency posted an inventory draw of 2.1 million

In 2023, there are over 500 binary options brokers worldwide, each with its unique offerings and trading platforms. Many people, especially beginners, wonder how to choose the best one. Traders Union (TU) experts have conducted a thorough analysis to help traders make the right choice, excluding unreliable brokers. The result is the Top 5 Best Binary Brokers for 2023, all licensed, offering a wide range of trading options, and ensuring favorable conditions for traders. This list aims to save time and protect traders from potential scams. Top binary options platforms Traders Union analysts regularly update the binary options trading platform

By Adedapo Adesanya The oil market retreated on Thursday, as traders took profits after prices soared recently while the space worried that high interest rates may weigh on demand. During the trading session, Brent futures fell by $1.17 or 1.2 per cent to settle at $95.38 a barrel and the US West Texas Intermediate crude (WTI) declined by $1.97 or 2.1 per cent to close at $91.71 per barrel. The market had reached a 10-month high as some traders worried high oil prices would stoke inflation, encouraging the US Federal Reserve and other central banks to persist with rate hikes.

By Modupe Gbadeyanka For the third year running, a leading on-demand transport platform in Africa, Bolt, is organising the Women-in-Tech (#WomeninTech) internship programme across Kenya, Ghana, Nigeria and South Africa. This year’s internship program, dubbed The Bolt Outternship is aimed at empowering young women by providing opportunities to start their careers in tech and is set to run for three months from June 2023. Bolt launched the #WomeninTech program in 2021 across Africa with the aim of empowering young women who are interested in undertaking careers in the tech field. The program is designed to train, mentor and empower young

Leading media measurement and evaluation agency in Nigeria, P+ Measurement Services, has announced the introduction of a dedicated Broadcast Analytics Audit Reporting platform to help brands interpret their TV and radio advert compliance reports. In a statement, the agency said the new solution, regarded as the first of its kind in the Nigerian marketing communications industry, would help brands transform their reports, usually in Excel sheets, into a smart and easy-to-navigate dashboard for easy interpretation. Explaining how brands can leverage the innovative reporting dashboard to gain insights into their campaigns, Lead Consultant at P+ Measurement Services, Mr Philip Odiakose, said

Mutual funds are large pools of investor money entrusted to professional managers who try to achieve certain investment objectives. Mutual funds trace their history to the Massachusetts Investors Trust, which was founded in 1924. “Passively” managed funds track a market index; “actively” managed funds follow the guidelines laid out in the fund’s prospectus, which spells out what the fund can and cannot invest in. Mutual funds offer several key advantages. The biggest is instant diversity. No investor wants to risk putting all his eggs in one basket, and a Mutual fund, which may have billions of dollars under management, spreads

By Adedapo Adesanya The Naira appreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market by 0.02 per cent or 7 kobo on Friday, December 4. Data showed that the local currency was sold for N414.73/$1 at the investors’ window yesterday compared with the N414.80/$1 it traded on Thursday. At the final trading session of the week, the turnover was $103.01 million as against $139.67 million achieved at the preceding session, indicating a $36.66 million or 26.62 per cent decline. Also, the exchange rate of the Naira to the United States currency

By Adedapo Adesanya Oil prices closed in the bearish territory on Friday, falling for another session pressured by an unexpected rise in US crude and fuel inventories after investors took profits after the benchmarks touched seven-year highs earlier in the week. Brent crude dropped 49 cents or 0.55 per cent to trade at $87.89 per barrel while the US West Texas Intermediate (WTI) lost 41 cents or 0.48 per cent to settle at $85.14 per barrel. However, both crude benchmarks rose for a fifth week in a row, gaining around 2 per cent this week, showing that prices were up

By Modupe Gbadeyanka Zenith Bank Plc has released its unaudited results for the nine months ended on September 30, 2016 and from the analysis, it grew its profit by 16.6 percent. The bank, in its 2016 third quarter financial results, recorded gross revenues of N380.4 billion representing a 12.9% increase over the same period in 2015. Also, its Profit Before Tax (PBT) saw a growth by N17.2 billion or 16.6 percent occasioned by the combined effect of the growth in net interest income, non-interest income and foreign exchange revaluation gains. This is despite the challenging and competitive operating environment it

By Adedapo Adesanya The Federal Government of Nigeria has said that it has implemented plans to get a 20-year economic development strategy running, which will replace the Vision 2020 elapsing next year. This was disclosed by the Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, while speaking at the BusinessDay Investment and Capital Markets conference held in Abuja on Thursday. She said there will also be a five-year plan to succeed the Economic and Recovery Growth Plan (ERGP) which will also expire in 2020. “Having recognized that Nigeria’s past failure to plan and execute sustainable diversified and inclusive