NASD Unlisted Securities Index Appreciates by 0.08%

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 Dipo Olowookere Profit-taking persisted at the Nigerian Exchange (NGX) Limited on Thursday, with Customs Street going down by 0.31 per cent on its return from a midweek break. The market closed its doors to traders on Wednesday due to the public holiday declared by the federal government to mark Eid-el Maulud, the birthday of Prophet Mohammed. Business Post reports that market participants did not take their minds off the pressing issues affecting the Nigerian economy, especially rising inflation, energy costs and the foreign exchange (FX) crisis. As a result, they liquidated their shares, leading to a negative market breadth

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

Some members of the International Executive Development Programme (IEDP) were on Wednesday, August 10, 2016, at the office of the Nigerian Stock Exchange (NSE). On ground to receive the team were top shots of the NSE and the Lagos Business School (LBS).

New-age financial solutions powerhouse, Zedcrest Capital Limited today (20:02:2020), announced the launch of a wholly owned subsidiary and new Investment/Asset Management firm aimed at digitally democratizing investment in Africa. The new company, Zedcrest Investment Managers (ZIMVEST) will introduce digital private wealth and investment management, help clients grow wealth by beating inflation and currency risks through multicurrency investments, through best in class paperless processes According to the founder and Group CEO of the Zedcrest Group, Mr Saheed Adedayo Amzat, “ZIMVEST’s differentiating factor will come from the renowned expertise of the Zedcrest group in the global financial markets. “This is evidenced by

By Adeniyi Ogunfowoke Many of us have awesome and novel business ideas that never see the light of day. The truth is anyone can come up with an idea for a business, but it takes a lot of work to implement a plan of action. So, if you have an idea that you want to put into action in the near future, Jumia Travel, the leading online travel agency, shares tips to ensure that it becomes reality. Research the market You don’t want to dive into any market until you have a clear idea of the competition, where you fit

By Dipo Olowookere A new Atlas released on Friday by the UN Environment and African Development Bank at the World Economic Forum in Durban, South Africa has revealed that going by the current trends, it will take Africa until 2080 to achieve full access to electricity. The new Atlas shows energy potential of Africa and opportunities for investment to meet Africa’s energy needs. It said energy consumption in Africa is the lowest in the world, and per capita consumption has barely changed since 2000, noting that the current energy production in Africa was insufficient to meet demand. The Atlas showed

By Modupe Gbadeyanka In order to facilitate faster response to citizens across the 36 states of the federation as well as the Federal Capital Territory (FCT), Abuja, leading telecommunications services provider, Airtel Nigeria, has donated toll-free lines and free bulk SMS blasts for the fight against Coronavirus in the country. Recall that recently, Airtel announced a donation of mobile phones complete with a Closed User Group (CUG) to the Port Health Services, an arm of the Federal Ministry of Health, to support its effort to track and verify passenger information at the country’s local and international airports. It further launched

By Dipo Olowookere Lagos State Muslim Pilgrims Welfare Board has concluded arrangements to commence the sale of 2017 Hajj Forms on Monday, November 7, 2016. The State Commissioner for Home Affairs, Dr Abdulhakeem Abdullateef, who disclosed this recently, said each form will attract a sum of N10,000 and an initial deposit of N1.2 million, irrespective of the package chosen by the intending pilgrims. He stated that the state has introduced some reforms and new payment methods such as ‘Pay Small-Small’, ‘Regular Standard’ and ‘Lagos International’ among others in order not to overburden intending pilgrims as well as to enhance the

By Aduragbemi Omiyale The listing of Dangote Industries Limited’s N300 billion series 1 and 2 bonds on the Nigerian Exchange (NGX) Limited has been described as an indicator of the depth of the Nigerian capital market. The Group Chief Executive Officer of the conglomerates, Mr Olakunle Alake, said this on Wednesday when a closing gong ceremony was held to celebrate the completion of the listing of the corporate debt instrument on the local stock exchange. Mr Alake, represented by the Group Chief Finance Officer, Mr Mustapha Ibrahim, said, “We are pleased to have showcased the depth and liquidity of the

By Dipo Olowookere A world-class leadership, business and personal skills development company based in Lagos, Nigeria, Growth Academy Limited, is planning to hold its breakfast meeting with some business executives in the country later this month and early next month. The firm said it would meet with Human Resources experts in three of the major cities in Nigeria; Lagos, Abuja and Port Harcourt. The breakfast meeting is held quarterly and the forthcoming is the fifth edition. According to a press statement made available to Business Post, top executives from private and public sectors are expected to attend this event, which