NCC: Fuel Supply Problems Affecting Telecom Towers Lead to Ongoing Network Issues in Abuja
Network Service Disruption: The Nigerian Communications Commission (NCC) has identified fuel supply issues, particularly a disruption in diesel supply by the National Oil and Gas Suppliers Association (NOGASA), as the cause of poor network service affecting MTN and Airtel subscribers in Abuja.
Efforts to Resolve Issues: The NCC is actively engaging with oil suppliers and stakeholders to address the diesel supply challenges and restore normal network service, emphasizing the importance of collaboration to resolve these issues swiftly.
Impact on Telecommunications: The ongoing diesel supply disruptions not only affect network quality but also threaten Nigeria's digital economy and broadband expansion goals, particularly in rural areas.
Commitment to Quality Service: The NCC has reiterated its commitment to ensuring reliable telecommunications services for Nigerians, despite challenges such as vandalism and supply interruptions, and aims to keep the public informed about progress in resolving the current issues.
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Technical Analysis for GAS
Technical Sentiment Analysis for Gas (GAS) As of , Gas (GAS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GAS 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, GAS 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 $-.
Gas (GAS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.639 | 1.039 | 1.4 | 1.8 | 2.161 | 2.561 | 2.922 |
| Fibonacci | 1.039 | 1.33 | 1.51 | 1.8 | 2.091 | 2.271 | 2.561 |
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