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NGX launches new USSD to enhance capital market access

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Nigerian Exchange (NGX) Limited has urged investors to leverage on its new USSD platform for enhanced capital market access.

NGX stated this at its Investor Education Series, partnered with Meristem via a Zoom meeting held on Thursday, June 6, 2024, with the theme, ‘Unlocking Potential: Leveraging USSD For Enhanced Capital Market Access’.

Speaking at the event, Head, Trading & Products of NGX, Abimbola Babalola stated that the NGX USSD (Unstructured Supplementary Service Data) platform is a technology that allows mobile phone users to access a variety of services by dialing a short code (*5474#) on their phone keypad, saying that the NGX USSD platform is a new and innovative way for investors to access real-time stock market information and connect with a stockbroker.

According to him, the product is designed to boost financial inclusion and market participation in Nigeria by providing investors easy access to price information of listed companies and connecting them with Trading License Holders.

He further said that “What we are doing at the exchange is to put investors at the driver’s seat of their investment. Gone are those days when you buy securities and you go to sleep, or you have to start reading newspaper or wait for news to know what is happening to the stocks. So, this time around, you have a device that you can use to monitor your stock at any time.”

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BREAKING NEWS: Apapa Port Command of the Nigeria Customs Service has announced a revenue collection of N1.6 trillion from January to September 2024.

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The Apapa Port Command of the Nigeria Customs Service has announced a remarkable revenue collection of N1.6 trillion from January to September 2024. This achievement showcases the Command’s commitment to excellence and its significant contribution to the country’s economy.

Ekwutosblog reports, according to Comptroller Babatunde Olomu, the Customs Area Controller, the Command collected N1.227 trillion between January and July 2024, with July being its highest monthly collection of N201.8 billion.

This revenue surpasses the total revenue collected in 2023.

The Command’s success can be attributed to its effective implementation of the Comptroller General of Customs’ thrust of time release study to facilitate trade without delay.

Additionally, the interventions from the Tariff and Trade Department have contributed immensely to the successes achieved.

This impressive revenue collection is a testament to the Apapa Command’s dedication to promoting legitimate trade and preventing revenue leakage.

The Command remains committed to doing more in line with the directives of the Comptroller General of Customs.

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BREAKING: NNPCL steps aside as middleman for Dangote Refinery Petrol

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NNPCL steps aside as middleman for Dangote Refinery Petrol

Marketers can now buy directly from DR at open market price.

Meaning Nigerians should brace up.

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Pakistan seals off capital, blocks cellphones ahead of protest by Imran Khan’s party

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By Asif Shahzad

ISLAMABAD (Reuters) – Authorities in Pakistan sealed off the capital, Islamabad, and blocked cellphone services on Friday to prevent an anti-government rally by supporters of jailed former Prime Minister Imran Khan, officials said.

It would be the latest in a series of protest rallies since last month to press for Khan’s release and agitate against the ruling coalition government, which the party calls illegitimate, saying it was formed after a fraudulent election.

Shipping containers have been placed to block Islamabad’s entry and exit points, guarded by large numbers of police and paramilitary troops, the officials said, while police banned any gathering in the capital.

“If someone plans to storm Islamabad, we wouldn’t let that happen,” Interior Minister Mohsin Naqvi told a news conference late on Thursday.

He urged Khan’s party to shift the rally to later dates, to avoid disrupting Islamabad’s preparations to host a meeting of the Shanghai Co-operation Organisation (SCO) on Oct. 15 and Oct. 16.

Malaysian Prime Minister Anwar Ibrahim is visiting, to be followed by a high-profile Saudi delegation and Chinese Premier Li Qiang ahead of the conference, Naqvi said, adding, “We can’t allow any chaos.”

Any agitation in the capital would not send a good signal to the world ahead of the conference, Naqvi said.

Disregarding the appeal, Khan asked his supporters to gather outside parliament regardless of obstacles.

“I want you all to reach D-Chowk today for a peaceful protest rally,” he posted on X on Friday, referring to a spot outside parliament. “This war has entered a decisive phase.”

Even though Khan has been in jail since Aug 2023, candidates backed by him won the most seats in February’s general election, though their numbers were insufficient to form a government.

His opponents, led by Prime Minister Shehbaz Sharif, formed a coalition government instead.

In a statement on Friday, Islamabad police warned they would take action against anyone attempting to disturb the peace in the capital, adding that any gathering had been banned.

Schools were shut and cellphone services suspended in Islamabad and the adjacent garrison city of Rawalpindi.

A telecoms official said cellphone services were blocked on directions from the interior ministry. A ministry spokesman did not respond to a request for a comment.

(Reporting by Asif Shahzad; Editing by Clarence Fernandez)

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