Forex Scammer List In The UK: Traders Union Tips To Protect Your Trading

By Adedapo Adesanya The oil market retreated on Thursday, as traders took profits after prices soared recently while the space worried that high interest rates may weigh on demand. During the trading session, Brent futures fell by $1.17 or 1.2 per cent to settle at $95.38 a barrel and the US West Texas Intermediate crude (WTI) declined by $1.97 or 2.1 per cent to close at $91.71 per barrel. The market had reached a 10-month high as some traders worried high oil prices would stoke inflation, encouraging the US Federal Reserve and other central banks to persist with rate hikes.

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 Adedapo Adesanya VFD Group Plc has been officially delisted from the NASD Over-the-Counter (OTC) Securities Exchange months after the proprietary investment company revealed its intention to list its stocks on the Nigerian Exchange (NGX) Limited. The bourse on Thursday confirmed the development in a notice seen by Business Post. “Pursuant to the company’s request to delist from the NASD OTC Exchange, we wish to inform you that VFD Group PLC shares will be delisted with effect from the close of business (COB) today, Thursday, September 28, 2023,” the notice read. Last Friday, after three years of trading on the

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 Modupe Gbadeyanka The Nigerian Naira remained unchanged against the major foreign currencies at the parallel market on Wednesday. However, the local currency depreciated at the Investors and Exporters (I&E) foreign exchange (forex) window. Business Post reports that the Naira was exchanged at N363 per Dollar at the black market yesterday. In addition, the Nigerian currency was traded at N502 to a Pound at the same market, while it went for N440 to the Euro on Wednesday. But at the I&E FX Window, the Naira declined to N360.37 to the Dollar against N360.22 it was sold the previous day. The

By Modupe Gbadeyanka Governor Abiola Ajimobi of Oyo State on Tuesday summoned security chiefs in the state over the invasion of gunmen at the palace of the Olubadan, Oba Saliu Adetunji. The Governor said the meeting was necessary to forestall further security breach across Oyo State. The Governor has also summoned a separate meeting of the traditional councils of the 11 local governments of Ibadanland, which are being headed by the members of the Obas-in-Council, who were formerly addressed as Olubadan-in-Council until their recent promotion. They are also expected to meet with the governor at his office, on Wednesday (today).

By Adedapo Adesanya Sabi, Africa’s leading provider of commerce infrastructure for the distribution of goods and services, has appointed four new advisory group members whose experience and networks will support its mission to resource and grow small and medium-scale enterprises (SMEs) in the informal sector. Those hired by the organisation are Mr Vidit Aatrey, founder/CEO of Meesho; Mr Ian Black, Managing Director of Shopify; Mrs Sapna Goyal, Corporate Development Director of Udaan; and Mr Bame Pule, founder of Africa Lighthouse Capital. Mr Aatrey, one of the leading Indian entrepreneurs of his generation, is an alumnus of IIT-Delhi and embarked on

By Dipo Olowookere An Extra-Ordinary General Meeting (EGM) has been fixed for Tuesday, June 11, 2019 by Union Bank of Nigeria Plc, to seek approval of shareholders to restructure the company’s balance sheet. At the meeting, the shareholders will vote to give the board of the lender the authority to write off the sum of N54.46 billion from legacy transactions. A review of the financial position of Union Bank as at December 31, 2018 showed that there was a deficit of N54.458 billion as accumulated permanent losses from legacy transactions, in addition to the N247.868 billion approved by shareholders in

By Adedapo Adesanya The Naira and Dollar exchange rate remained stable at N306.95/$ at the interbank segment of the foreign exchange (forex) market on Tuesday, July 16, 2019. Likewise at the parallel market, the exchange rate between the two currencies was unchanged at the close of business at N360/$. But at the same segment of the black market on Tuesday, the local currency appreciated against both the Euro and Pound Sterling. An analysis showed that the Naira gained N2 against the Euro at the market window to quote at N405, while it improved by N1 against the Pound Sterling to

By Dipo Olowookere The secondary market for treasury bills traded bullish on Wednesday as investors renewed their demands for the debt instrument. Business Post reports that yields fell across the tenors at yesterday’s session, with the exception of the 12-month maturity, which closed flat. At the close of business transactions on Wednesday, the average yields went down by 0.07 percent to settle at 12.06 percent. An analysis of the yield trend indicated that the one-month bill lost 0.13 percent to settle at 10.71 percent, the three-month instrument went down by 0.12 percent to finish at 11.61 percent, the six-month bill

By Adedapo Adesanya The value of the Naira to the United States Dollar at the parallel market weakened on Friday, data obtained by Business Post revealed. The exchange rate of the Naira to the greenback yesterday at the unofficial FX segment was N684/$1 compared with the N678/$1 it was exchanged on Thursday, indicating a decline of N6. Also, at the Peer-to-Peer (P2P) window, pressure mounted on the domestic currency against the American currency, causing the former to lose N6 or 0.86 per cent to trade at N700/$1 in contrast to the previous day’s rate of N694/$1. However, the local currency

By Modupe Gbadeyanka A leading global digital skilling and transformative education partner, elev8 education, has joined the Amazon Web Services (AWS) Training Partner program. This will enable elev8 to deliver cloud computing skills training, developed and maintained by AWS, to organisations and learners in Nigeria and Rwanda. As cloud technologies continue to help organisations transform their businesses rapidly, employees with the necessary cloud skills are in high demand. According to Global Knowledge, 90 per cent of IT managers have a plan to address the skills gap and 56 per cent believe the answer is training existing staff. In addition, ESG