CBN Suspends Forex Sale to BDCs Indefinitely

In the fast-paced world of Forex trading, having the right tools is crucial. Traders Union (TU) experts are here to guide you through Forex trading in 2023, focusing on the MetaTrader 5 (MT5) platform. They will discuss the top MT5 indicators, and different indicator types, and compare MT5 Forex Brokers. Additionally, they will explore the pros and cons of the MT5 platform. With this information, you will be well-prepared to excel in Forex trading. Meaning of Forex indicators Forex trading is complex, and success depends on many factors, with Forex indicators being a key one. TU’s analysts emphasized the importance

By Adedapo Adesanya Oil prices moderated in choppy trade on Monday as Russia relaxed its fuel ban amid a widening demand worry. Brent crude futures lost 2 cents during the session to trade at $93.29 per barrel, and the US West Texas Intermediate (WTI) crude depreciated by 35 cents to close at $89.68 per barrel. Last week, prices were down after a hawkish Federal Reserve rattled global financial markets and raised concerns that interest rates could stay higher for longer affecting oil demand. This snapped a three-week rally of more than 10 per cent after Saudi Arabia and Russia constrained

By Adedapo Adesanya The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over alleged secret reintroduction of fuel subsidy payments by the federal government. In late May, after taking the oath of office, President Bola Tinubu announced the total removal of subsidy on petrol, which saw prices jump to over N600. The removal of fuel subsidy and the resulting increment in the pump of petrol by almost 300 per cent had quadrupled the inflation rate in the country and affected the purchasing power of Nigerians, especially the middle class and low-income earners. It was expected that as

By Adedapo Adesanya A foreign oil company, Equinor ASA, has chosen a little-known Nigerian company, Chappal Energy, as the preferred buyer of its stake in one of the country’s largest deep-water oil fields, Agbami. According to a report by Bloomberg on Monday, the Norwegian energy giant is trying to sell its 20.2 per cent interest in the Agbami field – joining other international producers such as Shell Plc, Exxon Mobil Corporation and Eni SpA in looking to offload assets in Africa’s biggest crude producer, Nigeria. In January, Equinor launched the sale of its stake in an offshore Nigerian oilfield, joining

Football is a sport that the crowds love. In fact, it’s the most popular game worldwide, with millions of people watching the matches, playing them, and even betting on them. The sport only continues to grow in popularity, so there are always interesting events to check out. In the article below, we will take a look at the most impressive, influential, or technically great matches in the last few years of football history. These years were quite active in the game, so there were plenty of matches worth looking into. We will check them out, describe the reasons why they’re

By Dipo Olowookere Plans have been concluded by Chinese automaker, SAIC Motor Corporation Limited, to launch its first manufacturing plant of in Africa. This is part of the firm’s expansion drive into the African market. The new factory will be situated in Tunisia, a northern African nation. Recently, SAIC Motor signed an agreement with a Tunisian firm, Meninx Holding, for the setting up of the plant in the country to serve African and European markets. SAIC Motors noted that the new deal forms part of its strategic expansion agenda to become a leading player in the world automobile industry. In

By Ahmed Rahma Lovers of art are looking forward to the debut solo art exhibition of a Nigerian creator of unrefined storytelling, Ms Orry Shenjobi, titled The Beauty Within the Struggle. For seven days, starting from Friday, December 18 to Thursday, December 24, 2020, Ms Shenjobi will showcase her realistic designs created with fresh and unrefined technique. “I hope to explore the depths of individualistic identity – the connections between society and self, whilst using prevalent social issues as a backdrop. “From the everyday lives of the unheard to the shared struggles of a collective, I capture these moments. By

By Modupe Gbadeyanka Earlier this year, MTN Nigeria, in partnership with Lumos, launched a mobile solar electricity solution for the benefit of families and businesses around the country. The initiative came at a time when Nigerians were yearning for stable electricity supply, which the government has failed to give them for many years. But five months after the mobile solar electricity also called the Y’ello Boz was launched, some residents of the country are still not conversant with how it works. Business Post, in this article, brings to you how the system works and how it can also be purchased.

By Adedapo Adesanya Prices of oil declined on Wednesday as American President Donald Trump and Chinese Vice Premier Liu He signed an initial trade deal in Washington DC to stop the trade war between both nations that has affected the global markets and cut into economic growth. Last night, the Brent crude was trading down by 21 cents or 0.33 percent at $64.25 per barrel, while the West Texas Intermediate crude shed 21 cents or 0.36 percent to settle at $58.02 per barrel. This signing of the deal means China will double its purchases from American farmers worth $12.5 billion

By Adedapo Adesanya The value of Naira appreciated by 0.24 per cent or N1 against the United States Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday. It was observed that investors and exporters at the spot market exchanged the local currency for the American currency at the window at N416.00/$1 yesterday compared with the previous day’s value of N417.00/$1. The supply of FX into the system by the Central Bank of Nigeria (CBN) to ease the demand pressure was responsible for the strengthening of the domestic currency during the session. However, the

Payments: They are the core of every business. And so, in an era where digital has won over brick and mortar, it became imperative to create requisite payment solutions that can offer businesses of today speed, reliability, and convenience, so that they never miss a sale. Meet Squad: an all-in-one payments tool to help your business grow. Driven by our in-depth knowledge of digital payments in Africa and the collective years of expertise of our Parent Company, GTCO, in the payments landscape, we are proud to launch Squad, a framework of payment solutions to enable merchants to make and receive

Ideas combined with smart strategy, hardwork, and dedication will get you rich in 2021 When you flip through magazines of highly successful people in the world, you will see that they all come from different work backgrounds. They could be entrepreneurs, investors, managers, lawyers, and others. This shows that there are several methods that you too can follow to become rich. There is a lot to learn about different businesses and ideas to help you get rich. However, keep in mind that financial prosperity can only be achieved when you follow an idea with consistent hard work, dedication, persistence, and