Banking Stocks Crash NSE Index Below 39,000 Points

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

Forex trading in Malaysia has been legal and regulated by the central bank, Bank Negara Malaysia (BNM), since 2012. While Malaysia’s growing economy attracts financial companies, traders need to beware of scammers who target beginners seeking quick profits. Traders Union (TU) experts provide a Forex scammer list for Malaysia and discuss types of Forex scams. Blacklist of Forex scam brokers in Malaysia BNM, the country’s financial regulator, maintains a list of nearly 400 companies involved in Forex trading scams in Malaysia. These companies are regularly updated as they engage in fraudulent activities, such as using manipulated software, blocking withdrawals, and

By Adedapo Adesanya The duo of NASD Plc and Aradel Holdings Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.04 per cent on Thursday, September 21. The two price losers overpowered the sole price gainer, Central Securities Clearing Systems (CSCS) Plc, to drag down the NASD Unlisted Securities Index (NSI) by 0.34 points to 805.95 points from the 806.29 points it ended in the previous day, while the total value of the unlisted stock market was relatively flat at N1.139 trillion. At the trading day, NASD Plc shed N1.15 to end the session at N11.50 per unit versus the

By Dipo Olowookere The treasury bills market is expected to maintain a slightly bearish posture on Thursday (today), analysts at Zedcrest Research have projected. This is as market players anticipate a significant drawdown in system liquidity via a retail FX auction on Friday. In addition, market players would be anticipating the conduct an Open Market Operations (OMO) auction today by the Central Bank of Nigeria (CBN) to soak up inflows of N277 billion from maturing bills. Yesterday, the T-bills market was relatively quiet, with slight bullish sentiments observed on the short end of the curve (Oct – Jan), but with

Lead Consultant of Nigeria’s leading and fastest growing Independent PR measurement and evaluation agency, Mr Philip Odiakose, has been in the forefront of establishing the Nigerian Media Monitoring and Measurement Association (NIMMA). In this interview with BrandArena, Mr Odiakose explained why he is backing this and also the benefit of having that body to regulate the activities of Independent Media Monitoring and Measurement Agencies in Nigeria. You have been a strong advocator for an Independent Media Monitoring and Measurement body in Nigeria for a year now, what has been the reaction of the IMC industry at large to your advocacy?

By Adedapo Adesanya   The Nigerian Stock Exchange (NSE) has reaffirmed its commitment to ensure it sets a high standard as regards compliance with data protection regulations in line with the Nigeria Data Protection Regulation (NDPR) in the Nigerian Capital Market. This was discussed at the 7th edition of the Nigerian Capital Market Information Security Forum 2019 themed The Nigerian Data Protection Regulation: Achieving Compliance held on Thursday, October 31, 2019 in Lagos. The exchange noted that through the forum, it was dedicated to educating the investing public on the prevailing data protection regulation that ensures that that their data

By Modupe Gbadeyanka Not less than 50,800 owners of small and midsize businesses (SMBs) in 20 states across Nigeria have been trained by tech giant, Facebook, through the NG-Hub since it launched the programme in the country in 2018. Exactly a year, Facebook opened the doors of NG_Hub in Lagos, further cementing its ambitions to train users across Nigeria in digital skills. During the year, the social networking platform, as part of its ongoing commitment and investment in growing the start-up ecosystem, partnered with CcHub for the NG_Hub, a multi-faceted space which connects and bring together developers, start-up’s and the

By Dipo Olowookere In a bid to increase user engagement and make its online platform mobile friendly, the Nigerian Stock Exchange (NSE) has upgraded its website, www.nse.com.ng. The new platform comes with a cleaner layout and navigation​n befitting of the brand already built by the stock market regulator. According to the NSE, the upgraded website will enable users to access information quickly and easily on the various products and instruments that are listed and traded on the regulated market. CEO of the NSE, Mr Oscar Onyema, while commenting on the development, stated that the upgrade was in line with the

An innovative mobile recharge app to allow operators in the telecommunications sector to increase their distribution network during COVID-19 pandemic has been introduced by Comviva, the global leader in providing mobility and digital solutions. The platform called PreTUPS Direct Selling Agent enables subscribers to recharge the prepaid mobile connections of other subscribers and earn incentives or cashbacks. The Direct Selling Agent application is the latest feature of PreTUPS, one of the world’s largest electronic recharge and voucher management platforms, which has been deployed by over 60 telecom operators in more than 45 countries. PreTUPS is a white-labelled offering that can

By Modupe Gbadeyanka According to new figures released by the United Nations Children’s Fund (UNICEF), some 1,300 children were recruited by armed forces and armed groups in 2016, bringing the total number of children used in conflict since 2013 to more than 17,000. “Since the first day of this conflict, children have been the ones most devastatingly affected by the violations,” said Leila Gharagozloo-Pakkala, UNICEF’s Regional Director for Eastern and Southern Africa. “Now, as the fighting intensifies – and despite repeated pledges by all to end child recruitment – children are once again being targeted,” she added. The Sudan People’s

By Modupe Gbadeyanka If steps are not quickly taken by African leaders, in the next three years, the continent may lose nearly half of its population between the ages of 18 and 24. One of the biggest concerns African youth face today is instability, with 75 per cent worried about the political volatility in the continent, rising to 91 per cent in Kenya and 89 per cent in Mozambique, both of which are battling terrorist insurgencies, according to the African Youth Survey released this week. It was stated that at least half of Africa’s youth have had their lives impacted