Zedcap Retains Best Brokerage Service Award for Third Straight Year

By Adedapo Adesanya VFD Group Plc has been officially delisted from the NASD Over-the-Counter (OTC) Securities Exchange months after the proprietary investment company revealed its intention to list its stocks on the Nigerian Exchange (NGX) Limited. The bourse on Thursday confirmed the development in a notice seen by Business Post. “Pursuant to the company’s request to delist from the NASD OTC Exchange, we wish to inform you that VFD Group PLC shares will be delisted with effect from the close of business (COB) today, Thursday, September 28, 2023,” the notice read. Last Friday, after three years of trading on the

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

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 Modupe Gbadeyanka The federal government has said it would continue to implement the various reforms designed to ensure the prudent management of the nation’s finances. The Accountant General of the Federation (AGF), Mr Ahmed Idris, made this promise when he held a meeting with the management of the Nigeria Civil Aviation Authority (NCAA) in Abuja. According to him, the reforms have been yielding results, especially with the Treasury Single Account (TSA), Integrated Payroll and Personnel information system (IPPIS) and the International Public Sector Accounting Standards (IPSAS). He further said, the federal government, in its avowed determination to entrench transparency,

By Ashemiriogwa Emmanuel One of Africa’s leading agrifood-tech startups digitising its food supply chain, Vendease, has raised $3.2 million in a seed round to expand its operations on the continent. The funding round was led by Global Founders Capital, a backer of one of Africa’s very first unicorns, Jumia, with participation from existing investors such as Paga’s Tayo Oviosu, Remita’s John Obaro, and Magic fund. At the same time, new angel investors who participated were Y Combinator, Hustle Fund, Liquid 2 Ventures, Hack VC, and Soma Capital. The nine-month-old, Nigerian-based startup plans to use the fresh funding to increase its

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange fell by 1.02 per cent on Monday, October 5, opening the week in the negative territory. The day’s bearish outcome came as a result of losses recorded in the stock prices of market heavyweights, Central Securities Clearing Systems (CSCS) Plc and FrieslandCampina WAMCO Nigeria Plc. CSCS Plc recorded a price depreciation of N1 or 7.41 per cent to close at N13.50 per share as against N14.50 per share it closed at the previous session. Also, Friesland dropped 49 kobo or 0.35 per cent during the trading day to close at N140

By Dipo Olowookere Federal Government has pledged to bear the full weight of the law on any individual or group violating the rights of citizens of the country. This promise comes after some groups of northern youths threaten to reclaim properties of Igbo extraction in the north after the expiration of the three months’ notice they gave Ndigbos on Tuesday to leave the region. Minister of Interior, Mr Abdulrahman Bello Dambazau, in a statement signed by his Press Secretary, Mr Ehisienmen Osaigbovo, lamented the spate of such spurious and unwarranted calls for separation. He called on all well-meaning Nigerians to

By Adedapo Adesanya The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crudes rose to $43.40 per barrel on Tuesday, July 28. Compared with $43.14 per barrel of the previous day, the latest OPEC Secretariat calculations disclosed that the average crude prices gained 26 cents or 0.60 per cent. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE)

By Modupe Gbadeyanka West Africa Correspondent of Forbes Africa, Ms Peace Hyde, has been named the organisation’s Head of Digital Media and Strategic Partnerships. A statement issued by the firm said Ms Hyde will still maintain her current role as the West Africa Correspondent for the leading business publication but will also head up the new digital platform, www.ForbesAfrica.com and drive user and engagement as well as create ongoing partnerships with brands and affiliates to cement the dominance of the magazine which is the number one read business magazine amongst Africa’s affluent, according to a recent Ipsos EMS Survey. “The

By Modupe Gbadeyanka A special window for investors, exporters and end-users to easily access the foreign exchange market has been established by the Central Bank of Nigeria (CBN). This, the apex bank explains, is aimed at deepening the forex market and accommodates all forex obligations. The CBN further said the purpose of this window is to “boost liquidity in the forex market and ensure timely execution and settlement for eligible transactions.” Under the new regime, transactions allowed are all invisibles, excluding international airlines ticket sales’ remittances; loan repayments; loan interest payments; dividends/income remittances; capital repatriation; and management services fees. Others

By Modupe Gbadeyanka Three stockbroking firms have been punished by the management of NASD OTC MArket for various violations of rules of the market. A statement issued by the agency disclosed that the three companies slammed are Pivot Capital Limited, Bestworth Assets & Trust Limited, and Traders Trust & Investment Company Limited. According to NASD, Pivot Capital Limited failed to settle trade executed on the market within the stipulated time frame in breach of Rule 2(8)(3)(c) and Rule 2(8)(6). As a result, the stockbroker was fined N824,500 and suspended from trading on the NASD OTC Market until payment of fine.