Fearless Energy Drink to Ignite Car Drifters, Super Bikers November 26

By Bliss Okperan The exchange rate instability in the country is already giving small business owners sleepless nights and it threatens their investments. This concern was raised recently by the National Vice Chairman of the Nigerian Association of Small-Scale Industrialists, Mr Segun Kuti-George. He emphasised that business owners would have to increase their prices because of the unavoidable consequence of the current exchange rate crisis in Nigeria. According to him, if consumers are unable to meet up with the increase in the cost of goods and services, businesses would be forced to shut down their operations, which would, in turn,

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

In 2023, there are over 500 binary options brokers worldwide, each with its unique offerings and trading platforms. Many people, especially beginners, wonder how to choose the best one. Traders Union (TU) experts have conducted a thorough analysis to help traders make the right choice, excluding unreliable brokers. The result is the Top 5 Best Binary Brokers for 2023, all licensed, offering a wide range of trading options, and ensuring favorable conditions for traders. This list aims to save time and protect traders from potential scams. Top binary options platforms Traders Union analysts regularly update the binary options trading platform

By Modupe Gbadeyanka Customers of Stanbic IBTC Bank, whose accounts have been inactive or dormant, have been asked to reactive them to enjoy some exciting benefits and fantastic product offerings. The lender said it’s coming up with this because it does not want the inactive and dormant account holders to be left out of the several benefits being enjoyed by active customers. According to the CEO of Stanbic IBTC Bank, Mr Wole Adeniyi, reacting dormant and inactive bank accounts is very easy as it can be done by visiting the bank’s website and click on the reactivate button. Mr Adeniyi

By Modupe Gbadeyanka On Monday, the Central Bank of Nigeria (CBN) sustained its regular intervention in the foreign exchange (forex) market with the release of another $195 million. It was the same amount the central bank released into the market last Monday to sustain the fluidity of forex at the market. Acting Director in charge of Corporate Communications at the apex bank, Mr Isaac Okorafor, explained that Monday’s release was to ensure the Naira sustain its steady run against the Dollar and other major foreign currencies. However, he emphasised that the market will remain very stable as long as every

By Dipo Olowookere There are strong indications that the management of Nigerian Breweries may soon force its consumers to pay more for a bottle of beer produced by the company. In recent times, the brewery giant has been struggling to cope with the harsh operating environment as a result of an increase in the excise duty on alcoholic products by the federal government last year. Last month, the company released its financial statements for the first quarter of 2019, though the revenue increased to N91.4 billion from N88.5 billion in the same period of last year, the profit before tax

By Dipo Olowookere The additional shares sold to investors from the rights issue of eTranzact Plc have been listed on the trading floor of the Nigerian Exchange Limited. The fresh equities were admitted into the exchange on Monday, April 12, 2021, and they were 2,434,566,483 in total. This development has now increased the total issued and fully paid-up shares of eTranzact to 6,634,566,483 from 4,200,000,000. Business Post recalls that eTranzact, which operates in the highly competitive financial technology (fintech) industry, had intended to sell a total of 4,666,666,667 ordinary shares of 50 kobo each at N1.50 per unit on the

By Modupe Gbadeyanka Members of the Renewable Energy Association of Nigeria (REAN) have elected Mr Segun Adaju as president for another term of two years. The energy expert is the founder and Chief Energizing Officer of Consistent Energy Limited, a stand-alone rooftop solar energy company incorporated in 2015 to provides affordable, reliable and clean solar energy solution to small business, residential, schools and offices for productive uses. In November 2016, Mr Adaju served as the interim president of REAN when the group was established. Two year later, he became the substantive president of the association, achieving tremendous progress by making

By Modupe Gbadeyanka As part of efforts to deepen financial inclusion in Nigeria so as to allow unbanked customers to pay for commodities online, RedCloud Technology, the world’s first open banking platform, has sealed a partnership deal with Nigeria’s KongaPay. KongaPay is the payment system which aims to facilitate the initiation and completion of transactions in a seamless manner to accelerate distributed banking through a new payment ecosystem. Through the banking as a platform model, a first for Nigeria, KongaPay will use RedCloud technology to enable the banks to offer innovative digital financial services via its rapidly growing merchant network,

By Dipo Olowookere The management of Mission Securities Limited has announced the appointment of Mrs Olufemi Owopetu as a non-executive director of the company. The stockbroking firm, in a statement last week, disclosed that it was also seeking the approval of the appointee for the position. Mrs Owopetu holds a Master’s degree in Banking and Finance from University of Lagos, Akoka and is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). She is also an Associate member of the Chartered Institute of Stockbrokers of Nigeria (CIS) and Financial Market Dealers Association of Nigeria (FMDA). Prior to her

By Dipo Olowookere The Nigerian Exchange (NGX) Limited on Customs Street, Lagos maintained its downward trajectory on Thursday with a decline of 0.32 per cent triggered by sustained profit-taking and weak investor sentiment. A total of 24 equities depreciated in value during the trading session while only 14 stocks closed on the gainers’ chart at the close of transactions. All the major sectors of the exchange but one closed in red yesterday, reflecting the true mood of the market. The energy space lost 1.64 per cent, the banking counter went down by 1.16 per cent, the consumer goods sector fell