Gorilix Outperforms Ripple (XRP) and Cardano (ADA)

Traders Union (TU) experts know that supply and demand rules control all markets. When traders trade, they usually use technical signals to find out if there is more supply or demand. In this guide, the analysts will delve into the world of supply and demand zones and explore their significance in trading. But before you dive in, it’s crucial to grasp the fundamentals. What you should know about supply and demand zones The guidance from TU’s analysts provides insight into the crucial aspects of demand and supply zone trading. It is important to understand these zones: Supply Zone – this

By Adedapo Adesanya The value of the NASD Over-the-Counter (OTC) Securities Exchange sharply declined by 3.86 per cent on Thursday, September 28, after the shares of VFD Group Plc were taken out of the platform. VFD Group, according to reports, is planning to trade its stocks on a larger platform, the Nigerian Exchange Limited (NGX). The delisting of the company’s equities brought down the market capitalisation of the NASD OTC exchange by N44 billion to settle at N1.102 trillion compared with the N1.146 trillion it finished on Tuesday, the last trading session. The market was closed on Wednesday as a

By Adedapo Adesanya  The African Export-Import Bank (Afreximbank) is planning to use oil traders to fund a $3 billion loan to the Nigerian National Petroleum Company (NNPC) Limited, which is aimed at stabilising the weakening Naira. According to a Reuters report, the Cairo-based bank has made contact with traders to gauge their interest in lending their support to the oil-backed loan to Nigeria’s national oil company. The sources who spoke to the publication also disclosed that Afreximbank has made an attempt to come up with the terms that they will present to trading houses. “There is a lot of interest,

By Adedapo Adesanya   Flour Mills of Nigeria Plc, Nigeria’s leading integrated food business and agro-allied group, has received the ISO/IEC 27001:2013 certification for information security. As with other ISO management system standards, the ISO/IEC 27001:2013 certification is the most widely recognised global best practice standard for securing assets such as financial information, intellectual property, employee information, and information entrusted to third parties. With this certification, FMN joins a select group of companies in the country that have taken the bold step of assuring its stakeholders that it has defined and implemented an effective and best-in-class information security process. Speaking

By Adedapo Adesanya The Central Bank of Nigeria (CBN) will sell N821.8 billion worth of Treasury bills in the third quarter of 2020. This was revealed in the apex bank’s latest round of Nigeria Treasury Bills Issue programme released on June 4. During the period, from June to August, the apex bank will issue treasury bills worth N109.65 billion of 91 days tenor; N149.44 billion on 182 days; and N562.71 billion on 364 days. A breakdown of the programme revealed that in June, the apex bank plans to sell N105.6 billion worth of treasury bills comprising N3.8 billion worth of

**Condemns Madagali Market Blasts By Dipo Olowookere President Muhammadu Buhari has expressed his heartfelt condolences to the families of victims of the twin bomb blasts in the town of Madagali, Adamawa State which claimed some lives and injured several others on Friday. The President also condoled with the government and people of the state over the unfortunate incident, assuring them that they are not alone as the rest of nation mourns this grave loss with them. Speaking via a statement issued by his media aide, Mr Garba Shuhu, the President restated that “putting an end to this senseless loss of

By Modupe Gbadeyanka The Economic and Financial Crimes Commission (EFCC) on Tuesday, October 3, 2017 secured the conviction and sentencing of Prof. Benjamin Adefemi Ogunbodede, a former Director-General, Institute of Agriculture Research and Training, IART, Ibadan, Oyo State before Justice Nathaniel Ayo-Emmanuel of the Federal High Court sitting in Ibadan, Oyo State. Prof Ogunbodede had been prosecuted alongside the trio of Zacheaus Tejumola, Adenose Clement and Jalekun Omotowoju on a 17-count charge bordering on conspiracy, misappropriation and diversion of funds to the tune of N177 million. Trouble started for the convicts following receipt of a petition dated December 17, 2012

By Dipo Olowookere Several times, Nigerians have asked why has the government not used the funds recovered from looters, running into trillions of Naira to finance the budget instead of borrowing from international bodies, subjecting the country to more debts, but the government had always said things were not as easy as many thought they were. But the Federal Government has now said about N560 billion it recovered from looters would be used to finance part of the 2017 budget. This information was revealed by the Minister of Budget and National Planning, Mr Udo Udoma, during the breakdown of the

A latest Cross-Border IPO Index by Baker McKenzie for the first half of 2019 has revealed that capital raised by African issuers declined by 28 percent year on year to $341 million compared with $472 million in the same period on 2018. The report, which reached this conclusion based on data sourced from Refinitiv, attributed the decline to the 80 percent drop in domestic capital raising in Africa, standing at only $85 million from four IPOs, compared with $419 million from the same number of IPOs in H1 2018. According to the Index, the largest IPO to come out of

By Sodeinde Temidayo David The United Nations Children’s Funds (UNICEF) in collaboration with the State Universal Basic Education Board (SUBEB) has commenced a new campaign on the rising number of out-of-school children in Katsina State. The campaign tagged Back to School and Behavioural Change, is with the aim to prevent the threat that could be caused if there is a high number of children who would lack a formal education. The scheme, which is targeted at returning over 200,000 out-of-school children, including Al-Majirai to schools in 2021, is supported by the UNICEF and sponsored by Foreign, Commonwealth and Development Office

By Modupe Gbadeyanka Today, Tuesday, January 24, 2017, shareholders of Guinness Nigeria Plc held an Extra-Ordinary General Meeting (EGM) in Lagos to consider the request of the company to approve the proposed N40 billion Right Issue. At the meeting, attended by local shareholders and representatives of international shareholders, the request was approved. In addition to the Rights Issue, all other company resolutions were passed at the event. Speaking on the meeting, Mr Babatunde Savage, Chairman, Guinness Nigeria Plc, disclosed that, “Guinness Nigeria has been in this country for over 60 years and, in that time, we have continued to add