Customs Street Down 0.12% as Traders Sell-Off NB, Oando, Others

Traders Union (TU) experts know that every investor has their own special way of investing that sets them apart from the rest. A famous investor, Carl Icahn, is one of those exceptional figures who did things differently and achieved a lot. Understanding what he did and how he did it can be really helpful for new traders. It’s like having a practical guide that can turn a beginner into a pro trader quickly. Discover Carl Icahn trading strategy by reading on. Biography of Carl Icahn Born on February 16, 1936, in Far Rockaway, Queens, New York, Carl Icahn grew up

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

By Adedapo Adesanya The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has cleared the air regarding recent reports on the transfer of funds to the Joint Tax Board (JTB) by the Federal Inland Revenue Service (FIRS) under the erstwhile chairman, Mr Muhammad Nami, for the tax reform committee. In a statement on Friday, he revealed that N5 billion was paid to the board to fund activities of the team set up by President Bola Tinubu, noting that “The committee’s budget includes provisions for a national Data for Tax project which the JTB had been

By Dipo Olowookere On Tuesday, the Nigerian Stock Exchange (NSE) hosted children of its employees, brokers and dealing member firms, where they were honoured with the opportunity to beat the closing gong. They children were received by the Mr Oscar Onyema, the CEO of the NSE; Ms Tinuade Awe, the Executive Director in charge of Regulations at NSE; and Mr Tobi Oyewole, the CSR Analyst at NSE.

By Dipo Olowookere A firm known as AdHang has taken internet election campaign agency in Nigeria to another level with its expertise, making it easy for political parties or politicians to massively reach Nigerian voters faster and easier around any state, region or the country via internet. Before AdHang existence in Nigeria, there was never an agency dedicated to internet election campaign in Nigeria, which means the agency AdHang is a pioneer in online election campaigning in Nigeria. Those willing to carry out internet election campaign in Nigeria can now achieve this by hiring AdHang. The agency has over 10

By Adedapo Adesanya Oil fell on Wednesday, November 3 after United States crude stocks rose more than expected in the most recent week. Brent crude depreciated by 0.79 per cent or 65 cents to close at $81.34 per barrel as the US West Texas Intermediate (WTI) depleted by 1.09 per cent or 88 cents to trade at $79.98 a barrel. Oil started to drift lower shortly after the Energy Information Administration’s (EIA) reported that crude oil inventories grew by 3.3 million barrels for the week ending October 29. The report followed another sober data posted on Tuesday by the API,

By Modupe Gbadeyanka The Executive Order preventing about 50 high-profile Nigerians from travelling out of the country has been described as illegal and repressive by the Socio-Economic Rights and Accountability Project (SERAP). A statement issued by the group disclosed that the move breaches constitutional rights and the country’s international obligations, which protect the rights to freedom of movement, to leave one’s country, to privacy, and to due process of law. “A travel ban by its nature is an interference with the right to leave one’s country. It is neither necessary nor proportionate to prevent dissipation of stolen assets or stop

By Adedapo Adesanya The federal government has approved the ratification of six maritime conventions and protocols to promote a cleaner, safer, and more secure marine environment. This was disclosed in a statement signed by the Head of the Public Relations Department of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr Edward Osagie, noting that some of the approved instruments that were ratified were conventions and protocols that are related to ship-breaking criteria, a global standard for the fishing crew, and response to oil pollution casualties. According to the Director General of the agency, Mr Bashir Jamoh, the instruments includes

By Kestér Kenn Klomegâh Russian Foreign Minister, Mr Sergey Lavrov, said at his annual press conference on January 18 that Russia and Africa would hold a summit in July this year and a number of documents, including new instruments of trade and investment cooperation, were being prepared to readjust methods of interaction amid the environment of sanctions, and in the context of geopolitical changes. “As you know, we are planning the second summit in St. Petersburg, and we are preparing a whole series of activities for it. Documents are being prepared on the readjustment of interaction mechanisms in conditions and

By Dipo Olowookere UAC of Nigeria Plc has announced the resignation of Mrs Awuneba Sotonye Ajumogobia from its board as an independent non-executive director with effect from July 31, 2019. A statement issued by the firm thanked Mrs Ajumogobia for her nine years of hard work, integrity and meritorious service to UAC. Until her resignation, she chaired UAC’s risk management committee. It was disclosed in the statement that Mrs Ajumogobia has been appointed to the board of directors of CAP Plc, a subsidiary of UAC with effect from August 1, 2019. Meanwhile, Mrs Suzanne Olufunke Iroche has joined the board

By Adedapo Adesanya The value of the Naira remained unchanged against the United States Dollar in the various segments of the foreign exchange (forex) market on Friday, June 17. In the Investors and Exporters (I&E) window, the local currency was exchanged for the US Dollar at N420.50/$1, the same value it was transacted on Thursday. In the interbank segment of the market, against the British Pound Sterling, the domestic currency closed flat at N505.19/$1, while against the Euro, it also closed flat at N432.34/€1. Similar, at the Peer-to-Peer (P2P) window, the Naira showed no movement against the United States Dollar