Futures Pointing to Continued Pullback on Wall Street

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 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,

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

By Aduragbemi Omiyale On Thursday, June 23, 2022, investors will learn from experts how to trade derivatives futures contracts at an event put together by the Nigerian Exchange (NGX) Limited in collaboration with the Chartered Institute of Stockbrokers (CIS) and NG Clearing (NGCL). The programme, which is taking place online, is themed Exchange-Traded Derivatives: Enhancing the Capital Market for Robust Value Creation, and will kick off by 10 am, with registration required ahead via https://bit.ly/ngx-cis-dmw. According to the organisers, the webinar will focus on the intricacies of derivatives futures contracts, including how the contract is traded and settled on a

By Adedapo Adesanya The Nigerian Communications Commission (NCC) changed the numbering format for fixed lines from January 1 next year. The agency said the fixed-lines numbering format will no longer be eight digits but would be 10 digits, with the addition of the 02 prefix before the existing fixed number. This change is totally different to the existing mobile numbering format. The decision is in keeping with its responsibilities under the enabling law, the Nigerian Communications Act (NCA) 2003, to manage Nigeria’s numbering resources, according to Mr Reuben Muoka, the Director of Public Affairs at the NCC, in a statement.

By Modupe Gbadeyanka Federal Government has directed the Federal Ministry of Agriculture and Rural Development to make available some machines, seeds and chemicals in its stores to a rice farmer in Bayelsa State at subsidized rates. Minister of State for Agriculture and Rural Development, Mr Heineken Lokpobiri, who gave this directive, explained that this is to help solve the identified problems in the farm he visited and to enable optimal production. Mr Lokpobiri was recently on a visit to Peremabiri, Southern Ijaw Local Government Area of Bayelsa State to inspect facilities at Tanko Boss Farm, where they plant rice and

By Modupe Gbadeyanka Hundreds of thousands of people in sub-Saharan Africa will get access to electricity for the first time thanks to an extra £100 million of funding from the UK government announced at COP24 in Poland. The new investment triples funds for the Renewable Energy Performance Platform (REPP), to support up to 40 more renewable energy projects over the next five years. The new funding could unlock an extra £156 million of private finance into renewable energy markets in Africa by 2023. Developers of small-scale solar, wind, hydro and geothermal projects will be supported to harness each country’s natural

By Dipo Olowookere Reports from Kogi State indicate that Chairman of the state chapter’s Miyetti-Allah Association, Mr Ibrahim Abubakar, has been assassinated by unknown gunmen. Mr Abubakar was reportedly murdered in the wee hours of Saturday by some unknown hoodlums, who raided his residence. Gunshots were reportedly heard by neighbours this morning, which scared them and made them stay indoors throughout the operation that lasted about an hour. It was after the gunmen left that they reportedly learnt who their victim was. According to reports, the assassins, numbering about eight, stormed the residence of the deceased located at Road 3,

By Ahmed Rahma The Rivers State Deputy Governor, Mrs Ipalibo Gogo Banigo, has assured residents of the Niger Delta state that the administration of Governor Nyesom Wike will embark on more developmental projects in 2021. The number two citizen of the state made this known while felicitating with the people of the state for the New Year celebration. In a statement issued from the Government House in Port Harcourt, she further reiterated her boss’ commitment to continue to lead the state into the path of peace, development and prosperity. According to Mrs Banigo, Governor Wike is poised to continue to

By Modupe Gbadeyanka The betting industry in Nigeria is about to be disrupted with the introduction of Soloti Gaming Limited into the ecosystem. The firm, which obtained its operation licenses from the National Lottery Board and the Lagos State Lottery Board, has assured Nigerians the best betting experience. “We have over the last two years been conducting extensive research on the gaming industry in Africa, notably West Africa, and we believe it is time to revolutionise and reposition the gaming industry in Nigeria, offering innovative and more strategic outcomes beneficial to the over 70 million punters in the Nigeria gaming

By Modupe Gbadeyanka One of the GSM service providers in Tanzania, Tigo, has launched its 5G network in Dar Es Salaam, Dodoma, and Zanzibar, promising to roll out nationwide at strategic locations gradually. The company achieved this with the support of Ericsson, which will deploy its tools to provide quality services to customers of Tigo. According to a statement, Ericsson will partner with the telecom firm to fully modernise and expand the existing 4G network across the country. Ericsson is currently upgrading Tigo Tanzania’s existing 4G network with Radio Access Network (RAN) products and microwave solutions (MINI-LINK 6000). Leveraging the