European Stocks Fall for Fifth Consecutive Session

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

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 Aduragbemi Omiyale The Nigerian Exchange (NGX) Limited is looking to drive gender equality and sustainable development in the country through strategic instruments like gender bonds and gender-themed sustainable financing mechanisms. The local bourse said it hopes to achieve this goal by collaborating with a global organisation like the United Nations Women (UN Women). According to the Divisional Head of Business Support Services and General Counsel at NGX, Ms Irene Robinson-Ayanwale, there is a need to galvanize public and private sector stakeholders to the development and adoption of gender-responsive instruments in Nigeria’s capital market and mobilise public and private capital

By Dipo Olowookere A student of Graceland International School, Port Harcourt, Tamunokuro Braide, has emerged the third contestant to secure a semi-final slot for Rivers State in the on-going 2017 Cowbellpedia Secondary Schools Mathematics TV Quiz sponsored by Cowbell, the flagship brand of Promasidor Nigeria Limited. At the sixth preliminary contest in the Junior category last weekend, Braide and Ezekiel Ekanem of Advanced Breed Group of Schools, Sagamu, Ogun State moved into the semi-final stage after surviving stiff competition from Omamode Sohwo of Graceville High School, Asaba, Delta State and Kolawole Bankole of Greater Tomorrow International College, Ado-Ekiti, Ekiti State.

By Adedapo Adesanya President Muhammadu Buhari has reiterated Nigeria’s commitment to ensuring a rapid and strategic transition to renewable energy in response to the worldwide efforts for the preservation of the environment. He was speaking at a Leaders’ Closed-Door Meeting on Climate Change convened by the Secretary General of the United Nations, Mr Antonio Guterres, coming before the commencement of the COP27 in November this year, held on the sidelines of the United Nations General Assembly (UNGA). President Buhari stressed that his administration had, in august this year, launched a home-grown, data-backed, multi-pronged energy transition plan, which is the country’s

By Dipo Olowookere The bulls maintained their grip on the Nigerian Exchange (NGX) Limited on Tuesday, causing the market to close higher by 0.73 per cent despite a weak investor sentiment. Business Post observed that sustained bargain-hunting in industrial goods equities was the pillar that held the exchange firmly during the session despite selling pressure from three other sectors. The insurance counter lost 0.24 per cent, the energy space fell by 0.18 per cent, the consumer goods sector depreciated by 0.09 per cent, while the industrial goods counter appreciated by 4.01 per cent, and the banking index rose by 0.49

By Adedapo Adesanya Popular instant messaging service, WhatsApp, has started rolling out a feature that allows users to chat with themselves or save messages. Sending messages to one’s own account can be a way to keep a piece of information easily accessible, right next to other WhatsApp conversations. Called Message Yourself, the feature lets users send notes, reminders and shopping lists to themselves on WhatsApp. On Monday, the Meta-owned instant messaging app announced the rollout of the new self-messaging feature that will reach all its Android and iPhone users in the coming weeks. Users will see their contact at the

By Adedapo Adesanya Twitter has launched Location Spotlight globally, a tool designed to help professionals customize and strengthen their business presence and showcase their products to customers directly on the social media platform. According to a release made available to Business Post, Twitter said, “Professionals – whether they are creators, nonprofits, developers, small business owners, or big brands – come to Twitter every day to drive results that can move their business forward. “For the past year, we’ve been developing a collection of foundational, free-to-use products that give this community the tools they need to customize and strengthen their business

By Adedapo Adesanya Oil witnessed a 3 per cent rise on Tuesday on expectations of tighter crude supplies and expectations that the spread of the Omicron variant will not derail a global demand recovery. Consequently, the price of the Brent crude rose by $2.76 or 3.41 per cent to close at $83.63 per barrel, while the US West Texas Intermediate (WTI) crude rose by $3.10 or 3.96 per cent to trade at $81.33 per barrel. The inability of some countries to add to supply is driving prices higher as it is tightening the market, with the recent outages in Libya

By Dipo Olowookere Over N6.71 trillion has been raised by the federal government, corporate organisations and others from the capital market through the sale of investment tools like bonds, equities in 2021, with the Nigerian Exchange (NGX) Limited providing the platform for this. This amount is about to the expanded with the raising of fresh capital by MTN Nigeria, which is offering for sale up to 575 million ordinary shares in MTN Nigeria held by the MTN Group. This would be done by selling to institutional investors by way of a bookbuild to assist the firm to determine the price

By Dipo Olowookere Rite Foods Limited, the makers of the premium award-winning Fearless energy drink, has unveiled a new mantra for the brand, Embrace the Thrill. In its new television commercial, the company expressed its determination to continue revitalising consumers with its Classic and Red Berry flavours. In the TVC, the brand motivated its consumers to go beyond their limits and not be laid back by the number of rejections they have received in time past. The new pay-off also encouraged them to be daring and energetic, to exhibit the willpower to excel, be enthusiastic in their endeavours, and be