Unlisted Securities in Nigeria Secure 0.57% Growth Friday

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

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 oil market retreated on Thursday, as traders took profits after prices soared recently while the space worried that high interest rates may weigh on demand. During the trading session, Brent futures fell by $1.17 or 1.2 per cent to settle at $95.38 a barrel and the US West Texas Intermediate crude (WTI) declined by $1.97 or 2.1 per cent to close at $91.71 per barrel. The market had reached a 10-month high as some traders worried high oil prices would stoke inflation, encouraging the US Federal Reserve and other central banks to persist with rate hikes.

By Dipo Olowookere Recently, reputable business news platform, Business Day Newspaper, organised a programme to honour the top 100 fastest growing SME’s in Nigeria. With the mindset that SMEs remain essential component in the fabric of every economy, NASD Plc made it a point of importance to attend the award ceremony. The event was graced by SMEs, as well as, business leaders from various sectors across Nigeria, including Uyi Akpata (Country Senior Partner, PwC), Solape Hammond (CEO, Impact Hub), Bola Ajomale (CEO, NASD), Onyeka Akmah (Founder, Farmcrowdy), Anthonio Pinheiro (Director of Operations, Andela) among others. Innovation & Technology in Entrepreneurship:

By Modupe Gbadeyanka In order to make cash withdrawal easier for its customers, Ecobank Nigeria has introduced a cardless cash withdrawal system call Xpress Cash. Xpress Cash is a mobile phone that allows customers to withdraw cash from any Ecobank ATM using e-tokens generated from the Ecobank Mobile app. These e-tokens can also be redeemed at agent locations within any of Ecobank’s 33 territories across middle Africa. Additionally, customers can send e-tokens to third parties via SMS, email or social media. Speaking on this development, Ecobank Group Executive for Consumer Banking, Mr Patrick Akinwuntan, noted that, “Ecobank is known across

By Adedapo Adesanya The Nigeria Immigration Service (NIS) has disclosed that about 97,000 passport booklets were uncollected in the 36 states, including Federal Capital Territory (FCT). This was disclosed to the News Agency of Nigeria (NAN) by the Service Public Relations Officer (SPRO) Comptroller of Immigration, Mr Tony Akuneme, on Friday. Mr Akuneme said that the service recently found out that Lagos State had half of the uncollected passports. He said that there was also a danger that half of the owners of the uncollected passports could not be reached due to a lack of proper documentation because of third-party

By Adedapo Adesanya A top financial institution, Access Bank Plc, says it has commissioned and empowered 100,000 Access Closa Agents to provide more than banking services to its existing and new customers. This was disclosed by the Executive Director, Retail Banking, Mr Victor Etuokwu in a statement in Lagos. He said that this was part of the bank’s commitment to delivering banking services to Nigerians. “With the current number of Access Closa Agents spread across the 774 Local Government Areas in the country, the bank has significantly grown access to finance and banking services to millions of previously under-banked Nigerians.

By Ashemiriogwa Emmanuel The federal government has applauded Ecobank for making efforts to boost trade in West Africa, calling on other stakeholders to join forces to make the sub-region a formidable force on the continent. The Minister of Industry, Trade and Investment, Mr Niyi Adebayo, who gave this commendation at an event held recently, expressed optimism that a sustained collaboration with the organized private sector would enrich and improve commerce and the economy of nations in West Africa. Mr Adebayo was a special guest of honour at a webinar organised by the Lagos Chamber of Commerce and Industry (LCCI) to

Nigerian businesses need to prepare and brace themselves for a highly challenging period ahead as the coronavirus pandemic disrupts day-to-day life and commerce. This follows the federal and state governments’ recent announcements of a set of bold measures to halt the spread of the coronavirus in Nigeria, including travel bans, school closures and limits to the size of public gatherings. “While these actions are necessary and commendable, they are steering businesses into uncharted territory,” says Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC. “The operating environment, already difficult following years of lacklustre growth, will become even more challenging in

By Dipo Olowookere Operator of the 97 km Nembe Creek Trunk Line (NCTL), Aiteo Group, has announced the resumption of normal operations on the oil facility after it was shutdown on February 28, 2019 as a result of a leak. The pipeline was restarted while the joint investigation of the March 1 explosion from Oil Well No.7 within Nembe Creek oilfields, a totally unrelated incident to the NCTL was in progress. It was said that the NCTL was not in operation when the explosion from an oil well within the OML 29 oil block occurred. Spokesperson for Aiteo Eastern Exploration

By Adedapo Adesanya Almost a week after the Central Bank of Nigeria (CBN) announced that Nigerians in need of foreign exchange (forex) should no longer patronise the parallel market or the Bureaux De Change (BDC) segment as it has scrapped them, the value of the Naira to the Dollar at those windows has continued to worsen. Findings by Business Post showed that on the streets of Lagos, FX users now pay about N570 to obtain an American Dollar, while the forex traders buy the Dollar from customers at N563. For the Pound Sterling, customers paid N770/£1, while the Euro went for