Asian Shares Close Higher

A recently unveiled comprehensive report by experts at Traders Union (TU) has outlined the golden hours for Forex trading in India. As the global market wades through waves of unpredictability, Indian traders have been presented with a detailed guide on when to dive in. While it’s a well-known fact that the Forex market operates around the clock, not all hours are equal. As per the Traders Union report, the sweet spot for Forex trading in India lies between 6.00-12.00 GMT and 18.00-0.00 GMT. These windows promise maximum liquidity, tight spreads, and minimal slippage, factors that are crucial for profitable trading.

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange improved by 0.12 per cent on Wednesday, September 20, with the unlisted securities index expanding by 1.00 points to end the day at 806.29 points as against the 805.29 points it recorded at the previous session. During the trading day, the market capitalisation of the alternative stock exchange increased by N1.42 billion to close at N1.139 trillion compared with Tuesday’s closing value of N1.138 trillion. It was observed that the bulls overcame the bears on Wednesday, with the bourse closing with three price gainers and two price losers. Aradel Holdings Plc

By Adedapo Adesanya The key performance indicators of the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged at the close of transactions on Tuesday amid a mixed activity level chart. Business Post reports that the stalemate occurred after the NASD OTC exchange recorded no price gainer or loser, as the prices of stocks on the platform closed flat. Also, the total value of the alternative equity market, measured by the market capitalisation, remained unchanged at N1.138 trillion, and the NASD Unlisted Securities Index (NSI) closed flat at 805.29 points. During the trading session, investors traded a total of 501,437 units of

By Ashemiriogwa Emmanuel The Managing Director of the Edo State Geographic Information Service (EdoGIS), Mr Frank Evbuomwan, has said the state was now becoming a destination for prospective investors because of the land reforms of Governor Godwin Obaseki. He said these reforms have eased the process of land registration and management and have as well boosted the revenue of the state. Speaking at a joint security meeting with heads of various security agencies at the Government House, Benin City, he said over N3 billion has been generated in less than three years through EdoGIS. Mr Evbuomwan revealed that the amount

By Dipo Olowookere Lagos State government has said by the first quarter of next year, it would begin to issue licences and permits before any borehole is drilled for water in any part of the state. Executive Secretary of the Lagos State Water Regulatory Commission, Mrs Funke Femi Adepoju, while addressing stakeholders at a meeting, explained that this move was to safeguard residents of the metropolis. The meeting was attended by members of the Manufacturers Association of Nigeria (MAN), Nigeria Employers Consultative Association (NECA), Financial Institutions, Association of Table Water Producers (ATWAP) and Association of Water Well Drilling Rig Owners

By Dipo Olowookere The key performance indicators of the Nigerian Exchange (NGX) Limited further depreciated by 0.35 per cent on Friday as investors intensified their profit-taking sentiment. A total of 15 equities depreciated in price during the session as 14 stocks gained points, indicating a weak investor sentiment and a negative market breadth. The loss was mainly driven by industrial goods and energy sectors, which fell by 0.32 per cent and 0.15 per cent respectively, while the banking, insurance and consumer goods counters appreciated by 0.23 per cent, 0.13 per cent and 0.06 per cent apiece. When the market closed

By Modupe Gbadeyanka Minister of State for Petroleum Resources, Mr Ibe Kachikwu, has vowed to resign in by 2019 if Nigeria continues to bring petrol into the country. He promised to make refineries in the country work by that time to achieve self-sufficiency in the production of fuel needed by residents of Nigeria. However, Mr Kachikwu, during an interview on BBC World Service programme, HardTalk, which was anchored by Mr Stephen Sackur, did not categorically state when in 2019 is the target. “2019 is the target time, I target 2019 and if I don’t achieve it, I will walk (away).

The second edition of Canon Discovery Week has commenced in Lagos. The programme allows amateur, occasional or professional photographers to interact with the company’s team, which is more than happy to share best practices and give advice on Canon products. It is an event organised by Canon Central and North Africa (CCNA), a leader in imaging solutions. At the show, customers will have the opportunity to immerse themselves in various experiences that will give them the opportunity to develop their creative skills, with the support of the Canon team. Discover the Passion that drives the team These events and interactions

By Adedapo Adesanya President Bola Tinubu on Tuesday departed for New Delhi, India, for the G20 Summit on the invitation of Indian Prime Minister, Mr Narendra Modi, with targets set on boosting Nigeria’s investment climate. According to official correspondence from the presidency, the country has set targets on investments at the meeting, which plans to dialogue with African leaders on the sidelines. President Tinubu will deliver the keynote speeches at the Nigeria-India Presidential Roundtable and Business Conference on the sidelines of the summit. There will be meetings with top business leaders and captains of industry from Nigeria and India, with

By Aduragbemi Omiyale The board of United Bank for Africa (UBA) Plc has raised the bar in the interim dividend payout for the first half of 2023, increasing it to 50 Kobo from 20 Kobo in the same period of 2023. This was after the bank recorded triple-digit growth in the bottom line, as the profit before tax (PBT) jumped by 371 per cent to N404 billion from the N85.75 billion recorded in the first half of 2022, translating to an annualised Return on Average Equity of 57.7 per cent as against 17.1 per cent a year earlier, as the

By Dipo Olowookere A five-man panel of the Supreme Court led by Justice Dattijo Muhammad has unanimously upheld an appeal filed by the Senate President, Mr Bukola Saraki, over his trial at the Code of Conduct Tribunal (CCT) bordering on alleged false declaration of his assets. At the ruling on Friday, the apex court dismissed the remnant three counts, declaring the evidence led by the prosecution as hearsay. In his lead judgment today, Justice Centus Nweze upheld Mr Saraki’s appeal and quashed the appeal filed by federal government. Justice Nweze agreed with the CCT that the evidence led by the