Investors Rush United Capital’s N5.3bn Commercial Paper

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 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 NASD Over-the-Counter (OTC) Securities Exchange rose by 0.38 per cent on Friday, September 30, with N4.16 billion added to the value of the bourse, closing at N1.105 trillion compared with Thursday’s value of N1.101 trillion. The market witnessed the improvement a day after the shares of VFD Group were yanked off the trading platform, with the NASD Unlisted Securities Index (NSI) closing higher by 3.06 points to settle at 815.65 basis points versus the previous day’s 812.59 basis points. There were three gainers led by FrieslandCampina Wamco Nigeria Plc, which improved by N1.31 to close at

By Aduragbemi Omiyale The management of BUA Cement Plc has announced a reduction in the prices of its cement from its factory without the transportation costs to N3,500 per bag (50kg). The cement maker confirmed this development in a statement issued on Sunday, noting that it was part of efforts to make sure customers get the products at cheaper prices. In the statement, BUA Cement disclosed that the slash in cement prices is from Monday, October 2, 2023, urging its distributors not to fleet the end users. The firm said, “All pending, undelivered orders which had been paid for at

By Dipo Olowookere Governor Abubakar Sani-Bello of Niger State has called on his colleagues to redouble their efforts in improving their revenues for them to embark on projects that will improve the lives of the people. Speaking on on Monday in Minna, the state capital while declaring open the Technical workshop on ‘The Assessment of and Evaluation of the Various Revenue Reforms Introduced by the Revenue Generating Agencies,’ the Governor noted that improving the IGR in states would enable state governments to carryout infrastructural and social investment programs. He said Niger State, on its own part, has engaged in massive

By Investors Hub Asian stocks ended mostly higher on Friday as positive U.S. data and optimism over a potential U.S.-China trade deal helped offset growth worries to some extent. Chinese trade data proved to be a mixed bag, with exports rebounding to a five-month high, while imports fell more than expected. China’s Shanghai Composite Index finished marginally lower at 3,188.63, but Hong Kong’s Hang Seng index edged up 0.2 percent to 29,909.76. Official data showed that Chinese exports surged up 14.2 percent in March from a year earlier, beating analysts’ expectations and marking the strongest growth in five months. Imports

By Dipo Olowookere President has cancelled his trip to London earlier scheduled for Friday, June 25, 2021, for an undisclosed reason. On Thursday, the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, had issued a short statement to say that Mr Buhari would travel to the United Kingdom for medicals. He was expected to spend about two weeks on the trip. “President Muhammadu Buhari will proceed to London, the United Kingdom on Friday, June 25, 2021, for a scheduled medical follow-up. “He is due back in the country during the second week of July 2021,” Mr

By Dipo Olowookere Commercial banks in Nigeria have denied the allegation that they were hoarding the new Naira notes and putting the citizens through untold hardship. Since the Central Bank of Nigeria (CBN) announced an extension to swapping the old currency notes for the new ones on Sunday, January 29, 2023, for an additional 10 days, many Nigerians have been unable to access their funds in the bank. On October 26, 2022, the CBN said it was redesigning the N200, N500, and N1,000 banknotes and gave Nigerians till January 31, 2023, to return the old notes. Last week, there were

By Adedapo Adesanya  FrieslandCampina Wamco Plc’s performance further took a worse turn on Friday, November 29, 2019 at the NASD over-the-counter Securities Exchange just as the trading platform for unlisted securities suffered another loss for the third consecutive day this week. The losses posted by FrieslandCampina WAMCO at the exchange have occurred as the company continue to celebrate a Memorandum of Understanding (MoU) signed with Niger State for 10,000 hectares of land at the Bobi Grazing Reserve in the state under FrieslandCampina WAMCO’s Dairy Development Programme (DDP) on Tuesday. At the Friday’s trading session, share price of the food processing

By Modupe Gbadeyanka Gains recorded by 17 stocks on the trading floor of the Nigerian Stock Exchange (NSE) on Wednesday extended positive momentum by 0.26 percent. The All-Share Index (ASI) rose by 96.73 points to settle at 37,059.21 points, crossing the 37,000 mark again after it dropped below it few days ago, while the market capitalisation increased by N33.3 billion to close at N12.8 trillion. Unlike yesterday, the volume and value of shares traded today by investors finished higher with 264.3 million shares exchanged in 3,849 deals valued at N5.5 billion. Business Post reports that Zenith Bank was investors’ toast

By Aduragbemi Omiyale A final and binding judgement has been delivered by a Federal High Court in Abuja, directing Seplat Energy Plc to proceed with its Annual General Meeting (AGM) today, Wednesday, May 10, 2023. The judgement was given in the case involving Akinnifesi & Adelaja and Seplat Energy with suit number FHC/ABJ/PET/7/2023. The energy company is having the AGM today by 11 am, and the court had ordered that no current or former directors, shareholders or officers of the company should cancel or postpone the meeting. “Seplat Energy announces that the Federal High Court, per A.R. Mohammed J, sitting

By Gregory Kronsten The first duty of our rulers is to protect our security. So, they declare war, mobilize armies and negotiate peace on our behalf. Now, however, they face an enemy they cannot see and do not understand. Being human, they make mistakes. In most cases we have elected them to look after us, and are angry when they fall short. The recriminations and name-calling have barely started. Government A was at best reluctant to share its experience of the virus with other countries. Government B did not support the struggling states by the sea to its south. Government