Oil Returns to $79 Ahead of OPEC+ Meeting

By Dipo Olowookere No fewer than 15 Nigerian Small and Medium-sized Businesses (SMBs) will share the N75 million set aside by a tech giant, Google, in the 2023 edition of Hustle Academy Fund. The initiative was introduced in 2022 to provide equity-free funds to small business owners to scale up their operations and support entrepreneurial growth in Nigeria. Entries for the exercise opened on Thursday, September 28 and will close on Thursday, October 12, 2023, and to be eligible, businesses must be Nigerian-founded, operating within Nigeria for 1-5 years, and have a clear and scalable business plan. They should have

In 2023, there are over 500 binary options brokers worldwide, each with its unique offerings and trading platforms. Many people, especially beginners, wonder how to choose the best one. Traders Union (TU) experts have conducted a thorough analysis to help traders make the right choice, excluding unreliable brokers. The result is the Top 5 Best Binary Brokers for 2023, all licensed, offering a wide range of trading options, and ensuring favorable conditions for traders. This list aims to save time and protect traders from potential scams. Top binary options platforms Traders Union analysts regularly update the binary options trading platform

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

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 Ebitonye Akpodigha Italy has earmarked the sum of €3.9 million for emergency interventions to support the provision of essential services to South Sudanese refugees and to the most vulnerable segments of the hosting populations in South Sudan and in the neighbouring countries (Uganda and Ethiopia). Italy observed that lack of food and assistance, compounded to precarious hygiene and sanitary conditions, determine a real threat of famine, epidemics and tension between the refugees and the local populations. Moreover, the state of emergency is such that even humanitarian organisations have difficulty in assuring protection and relief services to the hundreds of

By Adedapo Adesanya The Ondo/Ekiti Area Command of the Nigeria Customs Service (NCS) supervised the exportation of 3,991 containers of cocoa beans between January and December 2021. According to the Area Controller, Comptroller Uche Ngozi, this is 25.8 per cent more than the 3,172  cocoa containers exported during the same period of 2020. In a statement, the Ondo/Ekiti Customs said this was in line with the federal government’s effort to diversify the economy through non-oil exports, stressing that the command supervised the unprecedented level of exportation of cocoa beans. Mrs Ngozi noted that given the dogged efforts of officers and

By Sodeinde Temidayo David The Governor of Rivers State, Mr Nyesom Wike, has slammed those criticising him over the decision of the state government to challenge the legality of the Federal Inland Revenue Service (FIRS) to collect Value Added Tax (VAT). Speaking when the Managing Director and Editor-in-Chief of the Sun (Newspaper) Publishing Limited, Mr Onuoha Ukeh, visited him recently, the Governor said he believes Nigeria must encourage federating states to harness their resources and generate revenues, including VAT to advance their development. Mr Ukeh led a delegation to present a letter of nomination to Mr Wike as the Sun

By Dipo Olowookere Gains printed by 31 equities led by Nigerian Breweries Plc contributed to the 0.07 percent marginal growth recorded at the stock market on Wednesday. The bourse resumed for business yesterday after two days off to celebrate the end of the month of Ramadan by Muslim faithful. The positive momentum recorded before the close of work last Friday commenced from where it stopped as investors maintained their buying interest in local stocks. At the close of transactions for the midweek session, the bulls attracted 31 stocks to their side, while the bears managed only 11. Nigerian Breweries topped

By Modupe Gbadeyanka A report on inflation for the month of March has revealed that prices of some food prices increased, while others depreciated. According to FSDH Research, the prices of food items monitored in March 2017 moved in varying directions. The prices of garri, yam, beans, tomatoes and fish were up by 13.23 percent, 12.04 percent, 6.67 percent, 4.76 percent and 0.74 percent respectively. Meanwhile, the prices of onions, palm oil, Irish potatoes, sweet potatoes, rice and vegetable oil were down by 17.41 percent, 14.12 percent, 9.52 percent, 8.33 percent, 4.55 percent and 2.78 percent respectively. The price of

By Adedapo Adesanya Nigerians have been warned by the Enugu Youth Coalition group on the recent photographs in circulation of women returning from their annual ‘August Meeting’ being purported as a protest against the Fulanis and herdsmen in Enugu State. This was according to a press statement released by the group, signed by its National Coordinator, Dr. Edwin Obune, who stated that there was no form of protest against anybody or group by the women or youths in the state. The group urged Nigerians to see the content as the creation of mischief makers, describing it as another lie manufactured

By Adedapo Adesanya The Naira appreciated against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange market on Monday, May 11. According to data obtained from the FMDQ Securities Exchange, the local currency gained 31 kobo or 0.08 percent to sell at N386.94/$1 in contrast to N387.25/$1 it traded last Friday. Business Post gathered that the appreciation was boosted by the low demand for forex at the market segment. The window recorded its lowest daily transaction in several weeks as trades valued at $9.98 million were executed by investors on Monday compared with the $70.40

By Adedapo Adesanya Nigeria’s total crude oil and gas export plunged 30.9 percent in the month of March 2020 to $256.2 million, according to the latest data from the Nigerian National Petroleum Corporation (NNPC). In its Monthly Financial and Operations Report (MFOR) for March 2020, the oil agency said of the total sales, crude oil export sales contributed $184.59 million (72.1 percent) of the dollar transactions compared with $281.1 million contribution in the previous month, while the export gas sales amounted to $71.6 million in the month. A statement issued by the corporation’s Group General Manager, Group Public Affairs Division,