Lafarge, BUA Cement, Others Harden Bulls’ Grip on Stock Market by 0.20%

Traders Union (TU) recently took an interest in ChatGPT, a chatbot by OpenAI. Think of ChatGPT as a super-smart robot friend who loves to chat about almost anything! It’s famous for giving detailed answers to loads of questions. But, like every friend, it might get things wrong sometimes. There’s a free version everyone can chat with, and a fancier version called ChatGPT Plus for those who want more. Some even call it the “ChatGPT trading bot” because of its extensive knowledge about trading. ChatGPT’s trading capabilities Without a doubt, ChatGPT has carved a niche for itself in the automated trading

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 Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

By Adedapo Adesanya The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion from the revenue generated by the nation in August 2023 for September to enable the three tiers of government; the federal government, states, and local government councils, to have funds to pay salaries and others. The allocation of the funds was confirmed by the Office of the Accountant General of the Federation on Friday following FAAC’s September 2023 meeting. According to a statement by the OAGF’s Director of Press and Public Relations, Mr Bawa Mokwa, there was “N1100.101 billion (N1.1 trillion) total distributable revenue.”

By Modupe Gbadeyanka The Nigeria Railway Corporation (NRC) has resumed its Cattle Cargo Services, the News Agency of Nigeria (NAN) reports. Already, about 510 cattle have been transported from Gusau in Zamfra to Lagos. This was disclosed to NAN on Saturday by Mr Jerry Oche, Lagos Railway District Manager (RDM) of NRC. “Today, we are happy by the resumption of our cattle cargo services after such a long time. “We moved 510 cattle from Gusau in Zamfra to Lagos; and hope to do two or three trips weekly,” Mr Oche said. “The cattle traffic started by 3am Friday and before

By Modupe Gbadeyanka Nigerians have been assured by President Muhammadu Buhari that the anti-corruption campaign of his administration would be successful. In a statement issued by the presidency on Tuesday, the Special Assistant to the President on Media and Publicity, Mr Garba Shehu, said his boss will not be “deterred by baseless criticisms by the opposition in his determination to eradicate rampant, chronic corruption.” According to him, the President was not made the African Union (AU) Anti-Corruption Champion in Africa for the sake of it. Mr Shehu said the country’s main opposition party, the Peoples Democratic Party (PDP), while in

By FBNQuest Capital Research The NBS recently released a report for Q3 2018 in its Selected Banking Sector Data series, drawn from the CBN. This report shows that loans extended by deposit money banks (DMBs) totalled N15.6trn in Q3 2018, compared with N15.3trn the previous quarter. There is still a scarcity of affordable credit. DMBs continue to maintain a cautious approach towards lending to the private sector, to avoid growing non-performing loans. According to the NBS, non-performing loans as at Q3 2018 stood at N2.2trn. The oil and gas sector remained the largest recipient of loans from DMBs, accounting for

By Dipo Olowookere The board of Stanbic IBTC has proposed the payment of N10 billion as interim dividend to shareholders for the period ended June 30, 2018. This announcement was made on Thursday in a notice filed to the Nigerian Stock Exchange (NSE) after the firm released its half year financial results. Stanbic IBTC disclosed that this amount represents N1 per ordinary share of 50 kobo each, payable to shareholders whose names appear in the Register of Members as at the close of business on Tuesday, August 28, 2018 and also subject to deduction of appropriate withholding tax and regulatory

By Adedapo Adesanya Energy firms operating in Nigeria’s onshore and offshore oilfields flared 73 billion standard cubic feet (SCF) of gas in the first quarter of 2022. In the first three months of this year (January to March 2022), the total amount of gas flared translated to a loss of $255.7 million to the country, an equivalent of N106.2 billion. According to gas flare data released by the National Oil Spill Detection and Response Agency (NOSDRA), this represented a decline of 19.2 per cent in both volume and value compared to the 90.4 billion SCF of gas, valued at $316.4

By Modupe Gbadeyanka Executives of an American Private Equity firm headquartered in New York, USA, Milost Global, have arrived Nigeria to conclude some deals. The Milost team, which touched down the country yesterday, would be in Nigeria for a week, where they will meet with officials of the Central Bank of Nigeria, the Nigerian Stock Exchange (NSE) amongst others. According to a statement issued by the firm on Monday, “The purpose of the Milost African tour among other things in Nigeria is to meet up with the management of our portfolio companies such as, Primewaterview Holding Nigeria Limited, Femab Properties

By Adedapo Adesanya Wednesday at the Investors and Exporters (I&E) segment of the foreign exchange market in Nigeria was positive for the Naira as it appreciated by 91 Kobo to trade at N362.77/$1 compared with N363.68/$1 it was exchanged on Tuesday. This was because the pressure on the local currency eased yesterday at the market segment as reflected in the daily turnover on the website of the FMDQ. Business Post gathered the market turnover on Wednesday was $176.49 million in contrast to $563.85 million recorded on Tuesday, indicating a decline of 68.70 percent. At the Central Bank’s interbank segment of

By Adedapo Adesanya The Development Bank of Nigeria (DBN) Plc has stated that it disbursed 52 percent of its total loan of N100 billion to youths across the country in 2019 in line with its objective to create jobs. The bank revealed that in total, it disbursed about N100 billion to over 100,000 Micro, Small, and Medium Enterprises (MSMEs) as at December 2019. Out of which led to the creation of addition­al 3,192 jobs for Nigerians. This was made known by the Managing Director, DBN, Mr Tony Okpanachi, at the bank’s third Annual Gen­eral Meeting (AGM), which was held virtually,