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Following the outrage that trailed the arrest and arraignment of minors over the #EndBadGovernance protests held in several parts of the country in August, President Bola Tinubu on Monday directed the immediate release of all the children.

Minister of Information and National Orientation, Mohammed Idris, disclosed this to State House correspondents on Monday after the President swore in seven newly appointed ministers cleared by the Senate.

The minister said the President ordered the immediate release of the minors without prejudice to whatever legal processes that are ongoing. The President also directed the Ministry of Humanitarian Affairs and Poverty Reduction to immediately see to the welfare of those minors, and also take part to ensure their smooth reunion with their parents or guardians wherever they are in the country. Tinubu also directed that a committee would be set up to be spearheaded by the humanitarian affairs ministry to look at all issues surrounding the arrest, detention, treatment, and finally, the release of the minors.

On Friday, November 1, 2024, Nigerians were enraged and disgusted when the police brought 72 minors before a Federal High Court in Abuja over their participation in the nationwide #EndBadGovernance protests.

The defendants, who were accused of treason, among others, were arrested in places like Kaduna, Abuja, Gombe, Jos, Katsina, and Kano states. Some of them looked gaunt and poorly fed and collapsed in court. The presiding judge, Obiora Egwuatu, granted N10 million bail to 72 minors who were arraigned.

Many Nigerians including former presidential candidates, civil polity groups were hense rights they found rechat also cio-minors had been detained for over eight weeks since the nationwide protests.

In the heat of the nationwide condemnation of the government’s action, the Attorney General of the Federation (AGF), Lateef Fagbemi, hurriedly released a statement that his “office will need to look into regarding the matter to enable me to take an informed decision”.

Fagbemi immediately directed the police to transfer the case file to his office and hand over the same to the Director of Public Prosecution of the Federation (DPPF).

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Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.

Saudi Arabia and other members of OPEC+, which includes Russia, said they agreed to keep voluntary production cuts of around 2.2 million barrels per day for one month until the end of December. The output cut had already already been extended in September.

It didn’t give a reason for the decision to delay unwinding its voluntary cuts, but oil prices have been weak this year despite escalating tensions in the Middle East, pressured by China’s downbeat economy.

Last month, OPEC reduced its outlook for oil demand for 2024 and 2025, citing data received so far this year.

"This delayed supply increase means that maybe the group are more willing to support prices than many believe," ING said in a note referring to reports that some OPEC+ members weren't complying with the output cuts. "However, our balance continues to show that the market will be in surplus through 2025 unless OPEC+ continues with cuts through next year."

Brent crude futures are rising 2.5% to $75 per barrel Monday morning, while U.S. benchmark West Texas Intermediate Texas (WTI) futures are gaining 2.8% to $71.40.

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A man has revealed what has happened to his friend since he got married.

The man said he has been dating more women than ever since he got married.

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Shares in paint maker Sherwin-Williams (SHW) are likely to remain in focus after jumping in extended trading Friday following news that the company will be included in the Dow Jones Industrial Average.

Sherwin-Williams will replace chemicals giant Dow Inc. (DOW) in the price-weighted index, which tracks 30 large companies. S&P Dow Jones Indices also announced that AI investor favorite Nvidia (NVDA) will replace struggling chipmaker Intel (INTC), with the changes taking effect prior to the start of trading on Friday.

Sherwin-Williams shares have gained around 15% since the start of the year as of Friday’s close, outpacing the DJIA’s return of about 12% over the same period. Although the company missed earnings estimates in its latest quarter, it has surpassed Wall Street’s expectations in the majority of the past 20 quarters, according to FactSet data, showcasing the paint maker’s long-term profitability.

The stock rose 3.4% to $370 in after-hours trading on Friday.

Below, we review the technicals on Sherwin-Williams' weekly chart and identify important price levels that investors may be watching.

Since topping out in late 2021, Sherwin-Williams shares carved out a textbook cup and handle, a bullish chart pattern that resembles a cup with a handle and signals a continuation of the stock’s longer-term uptrend.

Indeed, the shares broke out above the formation in mid-August, but have recently retraced towards the initial breakout point, potentially leading to a retest of the pattern's upper trendline.

Let’s use technical analysis to identify two important support levels on Sherwin-Williams chart and forecast a measured move price target.

The first support level to eye sits around $348, where the shares may encounter buying interest near the cup and handle's upper trendline, which may have flipped from a region of prior resistance into future support.

A failure by bulls to defend this important technical level could see the stock revisit lower support at the $283 level, currently just above the closely watched 200-week moving average.

Investors may seek entry points near a trendline in this area connecting a range of comparable price action on the chart between May 2021 and June this year.

To forecast a bullish price target, we can use the measured move technique, also known by chart watchers as the measuring principle.

This works by calculating the depth of the cup portion of the pattern and adding that amount to the formation's upper trendline. For instance, we add $155 to $348, which projects a measured move target of $503, an area where investors could take profits, especially given its proximity to a psychological round number.

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