Stock Recommendation for this week (April 3)

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

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 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 Adedapo Adesanya Investors at the NASD Over-the-Counter (OTC) Securities Exchange were helpless last week as they watched N15 billion vamoose from their portfolio. At the 21st trading week of the year, four companies cut down the market capitalisation of the exchange to N534.74 billion from N549.74 billion. In the same vein, the NASD Unlisted Security Index (NSI) reduced by 21.09 points or 2.73 per cent to settle for the week at 752.3 points in contrast to the previous week’s 773.39 points. In the week, Nigerian Exchange (NGX) Group Plc went down by 9.6 per cent to close at N21.17

By Investors Hub European shares have recouped early losses to trade mixed on Thursday as a slew of upbeat earnings results and encouraging regional data helped offset caution ahead of the US jobs report on Friday. While the German DAX Index is down by 0.3 percent, the French CAC 40 Index is up by 0.4 percent and the UK’s FTSE 100 Index is up by 0.7 percent. The Bank of England kept its record low interest rate unchanged in a split vote, as expected, and maintained the size of monetary stimulus. The Monetary Policy Committee, headed by Governor Mark Carney,

By Modupe Gbadeyanka Federal Government has been urged to allow the Oil and Gas Free Zones Authority (OGFZA) benefit from the 7 percent import surcharge fund set aside for port-based agencies of government. This appeal was made by the Association of Nigerian Exporters (ANE) during a courtesy visit on Managing Director of OGFZA, Mr Umana Okon Umana, in Abuja recently. In 2006, the presidency approved the inclusion of OGFZA in the sharing of the import surcharge fund following the recommendation of the National Council on Commerce. According to the president of ANE, Mr Sunny Jackson Udoh, the income from the

By Dipo Olowookere Allegations of abuse of privileges at the Nigerian High Commission in London levelled against wife of the President, Mrs Aisha Buhari, has been described as baseless and mischievous. The claims were made in a report posted by Sahara Reporters. The report alleged that Mrs Buhari, Abba Kyari and others used their position to get favours, especially monetary, from Nigeria’s High Commission in London. Reacting in a statement issued in Abuja on Friday by her Special Assistant on Media, Mrs Adebisi Olumide-Ajayi, the President’s wife stressed that “the Nigerian High Commission in London had never offered any favour

By Modupe Gbadeyanka A partnership aimed to boost local flight inventory has been entered into between Wakanow and ValueJet. According to a statement from the foremost travel tech company, the deal allows Wakanow to host ValueJet’s inventory on its website and increase local flight inventory available to local travellers. ValueJet is the latest airline to partner with Wakanow, joining its network and enabling Wakanow-connected customers to find and use bespoke solutions to support their specific travel needs and requirements. The deal aligns with Wakanow’s aim of delivering access to all local flight inventory in real time and an all-year-round flight

By Modupe Gbadeyanka Marriot International has announced the opening of its second hotel in the ‘World’s Wildlife Capital’, Four Points by Sheraton Nairobi Airport, further consolidating its presence in Kenya. Strategically situated within the main complex of the Jomo Kenyatta International Airport, the hotel is within easy reach from major highways and overlooks the famous Nairobi National Park. It perfectly complements the Four Points by Sheraton Nairobi Hurlingham, located in the city’s central business district which opened earlier this year. “Four Points by Sheraton Nairobi Airport is a great addition to our East Africa portfolio and strengthens our rapidly growing

By Adedapo Adesanya It was a positive outcome for the Nigerian Naira against the US Dollar in the Investors and Exporters (I&E) arm of the foreign exchange (FX) market on Tuesday, June 27. Amid renewed faith in the forex operations after the new Nigerian government unified the exchange rates in less than one month in office, the Naira gained 0.67 per cent or N5.17 against the greenback yesterday in the official market or the spot market, selling at N763.00/$1 compared with the preceding day’s rate of N768.17/$1, according to data obtained from FMDQ Securities Exchange. It was observed that the

By Modupe Gbadeyanka Season 2 of CN to the Rescue has premiered on Cartoon Network Africa, keeping audiences laughing uncontrollably with pure African humour and fresh, imaginative content that combines the forces of live-action comedy with quality animation. The show aired on the channel on Monday, February 21, 2022, and took viewers deeper into the adventurous parallel world of Tapiwa’s ‘Imagination Room’. Here the lines between reality and animation become more blurred, the story becomes more real, and the adventure becomes even crazier than ever! Is the new mysterious family member, Uncle Ezekius from Cape Town, a good guy, or