Aradel, IGI Lift NASD OTC Exchange By 0.59%

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 African Export-Import Bank (Afreximbank) is planning to use oil traders to fund a $3 billion loan to the Nigerian National Petroleum Company (NNPC) Limited, which is aimed at stabilising the weakening Naira. According to a Reuters report, the Cairo-based bank has made contact with traders to gauge their interest in lending their support to the oil-backed loan to Nigeria’s national oil company. The sources who spoke to the publication also disclosed that Afreximbank has made an attempt to come up with the terms that they will present to trading houses. “There is a lot of interest,

By Adedapo Adesanya Foreign trading and investment firm, Risevest, has acquired Chaka, a digital trading platform. According to Techcabal, which first broke the news, the deal, which was for an undisclosed sum, will see both entities operate as different products, though the capitalisation table of the acquiree will be updated in due course. Speaking on this, Mr Tosin Osinbodu, Chaka’s founder, said, “I’m excited about how Chaka’s product will evolve and how we’re going to learn from the Risevest team.” “With booming growth in many nations around the world, investors can now own a stake in the growth of other

By Adedapo Adesanya The new Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said he would adopt an evidence-based monetary policy as he assumed office upon confirmation by the Nigerian Senate on Tuesday. He said the new leadership of CBN would “adopt an evidence-based monetary policy and shall not be making decisions based on a whim.” The Godswill Akpabio-led Senate confirmed the nomination of Mr Cardoso’s nomination as well as that of the four Deputy Governors of CBN nominated by President Bola Tinubu. The four deputy governors whose appointments were confirmed by the Senate are Mrs

By Adedapo Adesanya Users of older phone models will lose access to the popular mobile chat application, WhatsApp, from January 1, 2021. The app developers said these set of persons may be unable to use some features or not have access to the app itself. People who will be impacted are the ones who don’t have iOS 9 or above on their iPhone or Android 4.0.3 or above on their Android device. People with iPhone 4 models won’t be able to update to more recent software. The same will happen to people with Android devices such as the Motorola Droid

By Modupe Gbadeyanka Compliance Officers of stock broking firms approved by the Nigerian Stock Exchange (NSE) will be having their quarterly meeting on Wednesday, October 25, 2017. A statement issued by the Head of Broker Dealer Regulation at the stock market regulator, Olufemi Shobanjo, disclosed that the quarterly forum will take place by 10am at the 20th Floor, Stock Exchange House, 2/4, Customs Street, Lagos. During the meeting, members will review minutes of the second quarter compliance forum held on June 29, 2017, and also receive update from the Compliance Officers Committees: Rules Development and Review Committee; Governance, Risk and

By Dipo Olowookere A former executive chairman of the Federal Inland Revenue Service (FIRS), Mr Ballama Manu, has been appointed to the board of PZ Cussons Plc. A statement from the organisation disclosed that the former tax chief would serve as an independent non-executive director on the board. His appointment became effective on November 21, 2022. In 2004, Mr Manu resigned as the chairman of the tax agency and told reporters that he was not forced to leave by the then Minister of Finance as speculated, saying he left to return to his former place of work. Mr Manu, who

By Modupe Gbadeyanka The Managing Director of the Federal Airport Authority of Nigeria (FAAN), Mr Rabiu Yadudu, has been sacked by the federal government. He has been replaced with Mr Kabir Mohammed, who is expected to resume office in the coming days, according to reports. It was gathered that Mr Yadudu was asked to leave office last Friday alongside five other directors of FAAN. The reason for their removal could not be immediately confirmed by Business Post. The sacked FAAN chief was appointed in 2019 by President Muhammadu Buhari. The new chief executive of the agency was, before his latest

By Kester Kenn Klomegah On October 28, the BRICS Business Council (Brazil, Russia, India, China and South Africa) during the forum reviewed its joint work for the previous years, discussed at length current business issues and, in particular, tried to choose a path for the future. Since its establishment, the BRICS Business Council has made its primary task to increase trade and investment among the member countries. While it has recorded considerable success and positive performance, this year has been different due to the spread of coronavirus. That has not deterred them but rather the BRICS plans to turn the

By Dipo Olowookere Kwara State Governor, Mr Abdulfatah Ahmed, on Tuesday, January 10, 2017, directed the immediate release of first and second quarter allocation to tertiary institutions in the state, with a charge that any institution head that fails to meet revenue targets resulting in salary arrears will be changed. Governor Ahmed, who gave the directive during a meeting with heads of government owned- tertiary institutions, explained that the revenue projection for the schools has been included in the 2017 budget proposal, and formed the basis of agreed subventions. He noted that the heads of schools in the state must

By Adedapo Adesanya The unlisted securities market in Nigeria climbed by 0.70 percent on Thursday, June 18, 2020, Business Post reports. Data harvested from the NASD Over-the-Counter (OTC) Securities Exchange showed that the benchmark index, the NASD Unlisted Security Index (NSI), increased by 4.87 points to end the day at 704.76 points from 699.89 points recorded at the previous session. In the same vein, the market capitalisation improved by N3.6 billion to close at N517.69 billion in contrast to N514.12 billion it quoted on Wednesday. This appreciation was spurred by gains recorded in securities of FrieslandCampina WAMCO Nigeria Plc and

By Adedapo Adesanya The Brent crude was traded at $91.21 per barrel on Monday after it gained $1.18 or 1.31 per cent as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. During the session, the United States West Texas Intermediate (WTI) crude oil futures appreciated by $1.32 or 1.52 per cent to sell for $88.14 per barrel. It was the last trading session for January 2022 and on a monthly basis, the oil market improved by 17 per cent, the strongest January