Selloffs in Flour Mills, Zenith Bank, Others Weaken NSE Index by 0.09%

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has said Nigeria is in dire need of foreign direct investment (FDI) more than ever before, tasking domestic and foreign investors to make Nigeria their investment hub because efforts are being made to formulate business-friendly policies. Mr Shettima, while speaking when he hosted the management of First Surat Group, as well as top management of MTN Nigeria at the presidential villa in Abuja, charged MTN Nigeria to facilitate and spearhead digital mobile money and digital education. He assured that President Bola Tinubu was willing to partner with various stakeholders in the

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

In the fast-paced world of Forex trading, having the right tools is crucial. Traders Union (TU) experts are here to guide you through Forex trading in 2023, focusing on the MetaTrader 5 (MT5) platform. They will discuss the top MT5 indicators, and different indicator types, and compare MT5 Forex Brokers. Additionally, they will explore the pros and cons of the MT5 platform. With this information, you will be well-prepared to excel in Forex trading. Meaning of Forex indicators Forex trading is complex, and success depends on many factors, with Forex indicators being a key one. TU’s analysts emphasized the importance

By Adedapo Adesanya Brent crude futures surged by 2.8 per cent or $2.59 on Wednesday to the highest settlement in 2023 at $96.55 per barrel after a steep drop in crude stocks in the United States compounded worries of tighter global supplies. The price of the US West Texas Intermediate crude futures (WTI) climbed by 3.6 per cent or $3.29 to $93.68 as the Energy Information Administration (EIA) reported a crude oil inventory draw of 2.2 million barrels for the week to September 22 in the country. In the preceding week, the agency posted an inventory draw of 2.1 million

By Adedapo Adesanya Governor Gboyega Oyetola of Osun State has urged investors in the Nigerian capital market to consider putting their money in the Land of Virtue because they will never regret taking this investment decision. Mr Oyetola, who was at the Nigerian Stock Exchange (NSE) on Thursday for the 2019 Osun State Facts Behind the Economy, assured investing public of stable electricity, which he said would boost their returns. He said his administration was doing everything possible boost the economic potentials of Osun State, calling on both local and foreign investors to be part of the success story. He

By Modupe Gbadeyanka The Center for Middle Eastern Studies (CMES) at Harvard University today opened its first overseas office in Tunisia, home to a tradition of learning and research that extends from Antiquity to the present. The office and the year-round programs run from the location are made possible by the support of Harvard College alumnus Hazem Ben-Gacem (AB ’92). “The Middle East is a part of the world that you’ll never fully understand unless you get your feet on the ground and experience it first-hand,” said William Granara, CMES Director and Professor of Arabic. “Thanks to Hazem’s generosity, Harvard

By Modupe Gbadeyanka A judgement against debtors who owed the defunct Gulf Bank Plc the sum of N1.5 billion has been secured by the Nigeria Deposit Insurance Corporation (NDIC). NDIC obtained the judgement against Jolimair Nigeria Limited and three others in its capacity as official liquidator of the financial institution in a suit number: FHC/L/CS/1328/17 – NDIC (Gulf Bank) vs. Jolimair Nigeria Limited & 3 Others, filed at a Federal High Court sitting in Ikoyi, Lagos for the recovery jointly and severally from the respondents of the total debt sum of N1,494,987,317.44. The amount was due and payable by Jolimair

By Modupe Gbadeyanka The Lagos State Fire and Rescue Service has disclosed that it received it recently received no fewer than 17 fire outbreak calls from residents of the metropolis. In a statement issued on Monday, the agency, which described this as alarming, warned members of the general public, particularly motorists, to desist from indiscriminate storage of Premium Motor Spirit (PMS), otherwise known as petrol, in inappropriate places. Fuel queues have resurfaced in the state since last week, and at the moment, the product is sold in jerry cans along the road. This has also caused some consumers to embark

By Modupe Gbadeyanka Security guards on duty on Tuesday prevented the founder and chairman of Arik Air, Mr Johnson Arumemi-Ikhide, from entering the airline’s premises in Lagos. The Chief Security Officer of Arik Air, identified as D Tom-West, said his team was acting on an order from above, as he was not answerable to Mr Arumemi-Ikhide but only to the receiver manager. “The receiver manager gave an instruction not to allow you in. I am not aware of the court order. We cannot give you access to get into the compound. This is the instruction from above. I’m very sorry

By Dipo Olowookere A new lease of life has been injected into Ebute Metta Health Centre, Lagos, following the renovation of the female and children’s wards by Stanbic IBTC Holdings Plc as part of its corporate social investment objectives. The facility was commissioned on Monday, February 6, 2017. The hospital, which was commissioned in 1964 and later upgraded to a comprehensive health centre, has become a major medical tourism centre in Lagos mainland handling an estimated two million patients yearly. The upsurge in the demand has consequently over-stretched the facilities and resources, prompting the need for a comprehensive facelift. The

By Adedapo Adesanya African fintech, Flutterwave, has raised $250 million in a Series D round that tripled the company’s valuation to over $3 billion. With the new round, Flutterwave is currently the highest valued African startup, indicating that it has surpassed the $2 billion valuation set by SoftBank-backed fintech OPay and FTX-backed cross-border payments platform Chipper Cash last year. Led by B Capital Group, the $250 million Series D round also features Alta Park Capital, Whale Rock Capital and Lux Capital, as well as existing investors such as Glynn Capital, Avenir Growth, Tiger Global, Green Visor Capital and Salesforce Ventures.

By Dipo Olowookere The Department of State Security (DSS) has released the Nigerian journalist, Ahmad Salkida, taken into custody on Monday, weeks after being declared wanted by the Nigerian Army. Mr Salkida was apprehended just as he touched down Nigeria via the Nnamdi Azikwe International Airport in Abuja on Monday. He was taken into custody by the DSS afterwards. But reports say Mr Salkida has been released by the secret police. It was also learnt that he has been told not to leave the country yet. It would be recalled that the journalist was declared wanted on August 14 alongside