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Betway followed the trend in the 2020 ‘Lockdown’ edition with a $1.5 million investment. Abeg app in the 2021 “shine ya eye” edition with a $5 million investment, and Pocket by PiggyVest also became the lead sponsor in the 2022 “level up” edition with a $5 million investment. Speaking on the increase in its customer base she stated that Pocket now has a 2 million user base and it’s likely to reach 5 million users before the end of the year. According to Eweniyi, Big brother affords us a massive platform to build up our user base and attract more merchants because the reality Tv show was so commercial, Abeg was able to achieve that.

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For the MT2 exchange app and MetaTrader 4 collaborating, you might enjoy the automation features and you may probably boost your own change efficiency. Start automating their deals today and see the advantages they provides. The worldwide change platform, hasn’t simply modified its software for different places, but also delivered several regional and worldwide percentage possibilities.

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It also offers highly customizable charts and trading signals to assist you in your experience. You may opt to use the demo account to give the online investment platform a try. With Quotex, you’re able to invest in forex, commodities, and some indices. Every day, and for traders coming back to the streets and roadsides after 4.00 p.m. To hawk, we will investigate and come out with appropriate response,” Alabi said. Her agency is saddled with the responsibility of ensuring compliance with the ban on street trading in the state.

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These apps run on both iOS and Android, and they provide a smooth user experience. Brokerage firms also release their unique software – for instance, FXTM Trader. In recent years, online trading in the country has grown exponentially. Today, when the economy is effectively put on hold due to COVID-19, its appeal is even stronger. With massive layoffs and wage cuts, consumers are turning to remote ways of working.

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Choosing a trader who has traded for long with consistent results might result in making a profit. Before we do anything, we should analyze the market and calculate how much of our budget to use, so we can make informed decisions and avoid bankruptcy. He also stressed the critical role of Abuja as the seat of power and a diplomatic hub—one that requires a unique and strategic security framework. The chief executive of the telco, Mr Karl Toriola, while speaking on Arise TV earlier this month, said the management has concluded plans to double investments in upgrading the company’s network infrastructure in the country.

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If you attempt to watch and go over the material, the odds are that you’ll get overwhelmed as you’ll find many conflicting ideas. As already mentioned there are plenty of options out there and do shady activities that might mislead you to lose your money. It’s wise to not make compromises and choose only a trustworthy and reputable broker to open your account with and trade.

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Just like the other tips mentioned above, you will also be charged the prevailing interbank rate at the time of transaction. BTA/PTA – Business Travel Allowance (BTA) and Personal Travel allowances (PTA)are both official forms for individuals to purchase forex from through the banks. Currently, the limit here is $5,000 per quarter or $20,000 per annum and rather than buying it at the parallel market rate of say N170 to the dollar you pay about N161 (the interbank rate) for it. PTA is for holiday makers and is $4,000 per quarter and $16,000 per annum and can also be purchased at the official inter bank rate. The exchange rate in Nigeria is has been in the news recently as the Naira faces major depreciation against the dollar. Most blame this to the recent CBN policy of replacing the WDAS for the RDAS in Nigeria.

How to choose the right trading app

Another option for automated saving and beginner-friendly investing is successful trading strategies with Pocket Option Nigeria Cowrywise. It functions similarly to PiggyVest but with an added emphasis on mutual funds and low-risk investing. For Nigerians curious about U.S.-based stocks and real estate-backed portfolios, Risevest opens the door. Saving is often the first step before investing, and PiggyVest helps build that habit. It allows users to automate savings, set lock-in periods, and earn interest that beats most traditional banks.

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As unreal as it may sound, the emotional state of the trader can affect or influence their decision-making process. Sometimes, performance Fees take out a chunk from profits or investments as the case may be, thereby eating deep into the investor’s pocket. The FCT minister said the equipment represents a significant step forward in the FCT Administration’s broader plan to improve access to quality medical care.

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With its convenient debit card, students can easily access their funds without the hassle of carrying cash. While copy trading stands out as a solid option, whether it is the right strategy or not depends on your goals, tolerance level and other factors. However, it is important to note that copy trading doesn’t guarantee success. Investors should choose based on the trader’s past performance for maybe a year.

$250,000 translates to about $20,830 monthly and should be just about enough to support small business who frequently import items. As above, you need not pay using the black market rate as you are also able to access the interbank market and at the interbank rate. Regardless of whether SVoDs are making strides in the African market, one thing stands out about them which is the fact that they’re all about delivering tailored experiences.

Pocket (formally Abeg) has emerged as the headline sponsor in the season 7 “level up” edition for the second time to boost its brand to the enabling market. EyeSyte Pan-Tilt-Zoom (PTZ) security camera comes with a range of benefits over fixed security cameras. Armed with motion tracking capability, the PTZ camera can move and track subjects, enabling each camera to cover a wide zone. He is actively involved in numerous developmental projects in his local community as a way of giving back to his community.

So if you’re thinking about upgrading, follow the guidelines above to help budget your new purchase this year. It was 4th of October 2021 when Facebook (along with WhatsApp) went down for more than 7 hours. If this has happened to such a tech giant, any other online platform can witness a similar incident.

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The EU also supported Nigeria by providing food and basic items to those most in need and to people with disabilities. The EU is taking the lead in supporting partner countries, including Nigeria, to tackle the COVID-19 pandemic by combining resources from the EU, its Member States and European financial institutions, under the ‘Team Europe’ initiative. At the onset of the pandemic in Nigeria, the EU rapidly mobilised €50 million to help the country’s national response. In addition, over €9 million grant in humanitarian aid was given to Nigeria to boost prevention and response. The EU in Nigeria has also supported the rollout of vaccines in Nigeria with $14.5 million.

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The Federal Government says it has secured a $134 million loan facility from the African Development Bank (AfDB) to support farmers in boosting seed and grain production across the country. It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall. TechEconomy gathered that some money apps like Chipper, Carbon, and even Flutterwave are all found wanting when it comes to having an immediate reversal of funds on a failed transaction. Despite some of these disruptions, resolving issues of failed transactions, withdrawals, and prompt customer service remains a dilemma. An excruciating experience that no customer whose funds are trapped shouldn’t experience. Many have similar frustrating experiences as Samuel when dealing with these platforms where you can deposit funds.

Diversification is known to protect investors from unnecessary risk by spreading out investment across the entire financial market. To fight fraud, many government bodies have installed regulations and licensing processes. Make sure the app of your choice follows your country’s laws and has the appropriate licenses.

Trading Justice: Retail vs Wall Street

During a recent plenary session, the lawmakers took turn to condemn the growing menace of street trading in different parts of the state, including the Alaba and Okokomaiko areas, where gridlocks are often encountered. “We pay N100 every day, and usually, after doing so, we will be left alone. I am of the opinion that paying them this money is a small price to pay for the opportunity to sell your wares,” a tomato seller told Saturday Tribune. This view was shared by another trader, identified simply as Ola, who was one of the numerous bread sellers that converge on the Agege Railway line area every evening. Although many of these traders sell their merchandise by the road, the spaces they occupy are not free.

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Street traders flood Oyingbo here, but how can the government know their exact number to be able to measure the amount of revenue expected to come in daily? I am sure that some people are feeding fat on this arrangement, because when shop owners like me complain, they label us as wicked people who do not want the underprivileged to thrive,” Anyanwu lamented. Launched in 2017, Pocket Option boasts a team of professional traders, IT, and FinTech experts.

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