Nigerian Stocks Sustain Growth by 0.31% Despite More Price Losers

Forex trading is an exciting and money-making venture, whether you do it as a hobby or a full-time job. In this article, Traders Union (TU) experts will talk about becoming a full-time trader and its advantages and disadvantages. They will also explain how much you can earn. Main steps to become a full-time trader So how to become a full-time trader? There are different options. TU’s analysts will explain each one: Forex prop company Pros: Access to funding: you can get funding from the company to increase your capital. Zero risk: your risk is low because the company provides the

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange continued its weekly positive run as it extended its gains by 0.41 per cent in the 38th week of trading in this year. The bullish posture was supported by the improvements in the share prices of six companies admitted to the alternative stock exchange in Nigeria. This increased the NASD Unlisted Securities Index (NSI) by  2.30 points from 805.65 points in the previous week to 808.95 points, as the market capitalisation of the bourse was relatively unchanged on a week-on-week at N1.140 trillion. Food Concepts Plc led the price gainers’ after

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

Embracing inclusive design is a pathway to innovation that organisations ignore at their peril says Reynhardt Uys, Chief Experience Officer, Immersion Group. “Before now, it was common for the industry to see accessibility and inclusion as a box to tick somewhere within the design or process, but as Covid-19 has accelerated the digital world, the inclusive design has now moved up the list of priorities for many organisations.” Inclusive design has evolved from simply optimising a product or service for a specific user with specific needs, to creating a customer journey that considers all customers, and potential customers, of the

By Modupe Gbadeyanka About 148,000 people between the ages of one and 20 have been vaccinated by 25 Doctors Without Borders (MSF) teams with about 850 people per day for seven days. Thousands of men, women, and children in northern Nigeria have been affected by a meningitis C outbreak, reportedly the largest to hit the country in the past nine years. Almost six months after the first cases were recorded in Zamfara State, Nigeria’s Ministry of Health (MoH) is still struggling to fight this epidemic in seven states of the country. MSF has supported the health authorities with surveillance and

By Modupe Gbadeyanka Trading in the shares of Prestige Assurance Plc on the floor of the Nigerian Stock Exchange (NSE) has been put on hold for now. This is to enable the company’s registrars update the register of shareholders for the planned Share Capital Reconstruction of the firm. The suspension commenced on Friday, March 23, 2018 and will be in effect till Tuesday, March 27, 2018. “Prestige Assurance Plc has been placed on full suspension of its ordinary shares on the floor of the NSE. “Dealing members are hereby notified that the ordinary shares of Prestige Assurance Plc will be

By Aduragbemi Omiyale President Bola Tinubu has praised the judiciary, especially the members of the bench, for interpreting the law and declaring him the winner of the 2023 presidential election held on Saturday, February 25, 2023. On Wednesday, September 6, 2023, Justice Haruna Tsammani, in his lead judgement delivered at the Presidential Election Petitions Tribunal, held that Mr Tinubu was validly elected as president. Reacting to this development, the President said he would quickly get to work to exceed the expectations of Nigerians and deliver his renewed hope agenda. In a statement issued by his spokesman, Mr Ajuri Ngelale, the

By Modupe Gbadeyanka Mid-level financial institution in Nigeria, Fidelity Bank Plc, has announced a downward review of interest rates on all its savings products to depositors. The lender, in an emailed notice to its customers, which was seen by Business Post, explained that its action followed the recent downward review of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN). The bank further stated that the new rates became effective on Thursday, May 28, 2020. Last month, the banking sector regulator announced the downward review of the benchmark interest rate to 12.50 percent after its Monetary Policy

By Dipo Olowookere The Naira reacted positively to the news that the government of President Bola Tinubu would work to unify the exchange rates to attract foreign investors into the country. At his inaugural address on Monday, Mr Tinubu said his administration would merge all the different exchange rates into one for better management. This has been the wish of several economists and global institutions, including the International Monetary Fund (IMF) and the World Bank. “Monetary policy needs a thorough housecleaning. The Central Bank must work towards a unified exchange rate. “This will direct funds away from arbitrage into meaningful

Nigeria has been making quite a name for itself in the global business industry over the past few years. More and more powerful countries are trying to establish a strong base there because the returns are profitable. The overall development of Nigeria, both social and technological, has made it a popular hub for businessmen who are looking to expand their companies.  Betway mobile online betting, for instance, is today popular than ever. Germany’s domination: Germany has been one of the most foremost countries in the world when it comes to globalization. They are trying to have a foothold in different

By Dipo Olowookere About 250,000 hectares of arable land have been earmarked for farming as agricultural zone for the use of farmers in Oyo State. According to the Oyo State government, over 500 farmers have applied for the use of land to be allocated for free to boost agricultural produce in the state. Commissioner for Agriculture and Natural Resources, Prince Oyewumi Oyewole, explained that the zero tolerance policy of the present administration in the state on fallow agricultural farm land was aimed at encouraging mechanized farming by every individual. Mr Oyewole, during an appearance on a radio programme in Ibadan