Trading Analysts Have Defined the Best Forex Prop Firms in Brazil

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

By Adedapo Adesanya The cryptocurrency market witnessed an uptick on Wednesday, with Bitcoin (BTC) managing to stay above the $26,000 level even as the US Dollar index rose to a new year-to-date high. Data obtained by Business Post showed that the most valued crypto, BTC, posted a 0.7 per cent appreciation during the midweek session to trade at $26,408.37 in the last 24 hours. On the part of the second-most valued digital coin, Ethereum (ETH), it remained in the $1,600 mark and it improved its value yesterday by 1.6 per cent to sell at $1,610.94. At the trading session, the US

By Adedapo Adesanya The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion from the revenue generated by the nation in August 2023 for September to enable the three tiers of government; the federal government, states, and local government councils, to have funds to pay salaries and others. The allocation of the funds was confirmed by the Office of the Accountant General of the Federation on Friday following FAAC’s September 2023 meeting. According to a statement by the OAGF’s Director of Press and Public Relations, Mr Bawa Mokwa, there was “N1100.101 billion (N1.1 trillion) total distributable revenue.”

By Dipo Olowookere Fitch Ratings has announced affirming the ratings on Zenith Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank) and Access Bank [ZUGA Banks], all with stable outlook. In a statement issued by the agency, it was stated that the Long-Term Issuer Default Rating (IDR) on Zenith Bank and UBA were left at ‘B+’, while the Long-Term Issuer Default Rating (IDR) on Access Bank was affirmed at ‘B’, the Long-Term Foreign Currency Issuer Default Rating (IDR) on GTBank was affirmed at ‘B+’. Fitch said the Viability Rating (VR) of Zenith Bank is among the highest it assigned

By Adeniyi Ogunfowoke It does not really count if you are a tech enthusiast or an ordinary consumer, you will always look forward to the tech developments especially the tech trends that will make a difference in the future or New Year. Jumia Travel, the leading online travel agency, highlights 5 technology set to define 2018. Artificial Intelligence Artificial intelligence (AI) will be bigger this year. More and more organisations will embrace AI which is made possible through machine learning algorithms and will be incorporated in uncountable applications. 5 Generation Technology This year, developers and engineers are getting ready to

Heritage Bank Plc has been applauded by the African Freestyle Football (AFFC) Championship 2019 in collaboration with World Freestyle Football Association (WFFA) for its pivotal role in enhancing youth development and engendering the Nigeria’s entertainment space on the world’s stage. The 2019 African Freestyle Football Championship ended on a high note, with defending champion Abdul Titi Kone of Cote d’Ivoire emerging as the African Champion once again. This event marked the 2nd edition of the African Championship and the 3rd annual edition of the Nigerian Championship hosted by Feet ‘n’ Tricks International Limited. The final was a repeat of the

By Adedapo Adesanya As the planned construction of the seventh gas processing plant of the Nigerian Liquefied Natural Gas Limited (NLNG) commonly known as Train-7 project commences, the Nigeria Police Force has set up a tactical team for crisis management and security in Bonny. This was put in place following the move by the Deputy Senate President, Mr Ovie Omo-Agege and the Inspector General of Police, Mr Mohammed Adamu, to engage with the host communities and relevant stakeholders in providing a secured environment for the project. The duo spoke in Bonny Island over the weekend during a familiarisation visit to

By Dipo Olowookere Nigeria’s digital publishing company, Publiseer, is set to partner with Google Play Books, to support Google’s digital book distribution service in fulfilling the publishing requests it receives in Africa. In a connection email from Phyllis, a Project and Process Manager of Google, to Judy, the Lead Product Manager of Google Play Books, Google “is looking into ways to support the publishing requests that [it] received in Africa”, and it sees Publiseer as the right feat for this. “We met Phyllis via the Google Ally program, and since then, she has offered invaluable advice to us that has

By Modupe Gbadeyanka The sum of N723 million has been disbursed by the Lagos State government into the Retirement Savings Accounts of 149 retirees of the state’s public service. This is part of the government’s commitment to continue the payment of accrued pension rights to its retirees. Commissioner for Establishments, Training & Pensions, Dr Benson Akintola, while speaking at the 47th Retirement Benefit Bond Certificate Presentation Ceremony in Lagos, said the well-being of the retirees has been the driving force of the State Government’s commitment to regular funding of pension obligations. Dr Akintola informed that the state government has expended

By Adedapo Adesanya The Naira further appreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market by 0.1 per cent or 40 kobo on Friday, November 20. According to data from the FMDQ Securities Exchange, the local currency was sold for N414.40/$1 at the spot market yesterday compared with N414.80/$1 it was traded on Thursday. Low turnover contributed to the appreciation recorded by the domestic currency at the market window on Friday as the value of trades was only $69.63 million as against the $90.18 million achieved at the preceding session. This indicated