Minister Bosun Tijani Addresses Remarks on Monitoring Terrorists
Minister's Clarification: Nigeria's Minister of Communications, Bosun Tijani, clarified his comments regarding the challenges security agencies face in tracking criminals using mobile phones, emphasizing the need for improved digital infrastructure to address these vulnerabilities.
Government Initiatives: Tijani outlined three major initiatives aimed at enhancing connectivity across Nigeria, including the Project Bridge for a national fibre-optic backbone, deployment of new telecom towers, and strengthening of NIGCOMSAT to improve communication services.
Context of Security Concerns: The interview occurred amid rising insecurity in Nigeria, with recent kidnappings and attacks prompting public outcry and a planned nationwide protest by the Nigeria Labour Congress.
Telecommunications Infrastructure Issues: Tijani highlighted the lack of significant upgrades in Nigeria's telecommunications infrastructure over the past decade, despite a sevenfold increase in user numbers, calling for massive investments in the sector to improve service reliability.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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