Why street trading flourishes in Lagos despite ban

Additionally, you may study charts and trends to implement a trading strategy better. The market’s strong performance, analysts observed, underscores a prevailing appetite for fundamentally strong assets, as selective buying interest in blue-chip and mid-cap stocks drove gains. While overall trading activity was mixed, with a drop in volume and value, there was a notable increase in the number of deals which rose by 22.55 per cent for the day. Monday’s performance proved to be a reflection of a strategic and deliberate approach by investors, who had during the previous week lost N201 billion as reported by Business a.m. Abubakar Muhammad Musa is currently a Sharia Advisor and Consultant for SHAPE Knowledge Services a consulting firm based in Kuwait. He has been involved in product development, Sharia research and approval of Islamic banking products for different Pocket Option Platform clients.

• That is one of the problems facing those of us who are shop owners here in Oyingbo.
• Opting for a trading platform that goes down might put your personal details at risk.
• 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.
• Long-term, regions funding themselves, think Enugu’s tech or Kano’s trade could slash federal spending, while fair elections and less corruption save even more.
• Nigeria continues to record poor health indices -among the worst in Sub-Saharan Africa – including low life expectancy, high maternal and infant mortality rates, and a high prevalence of infectious diseases.
• Whether you’re learning how currency pairs respond to economic news or experimenting with gold volatility, the platform scales with your needs.
• These financial platforms store sensitive data, so you must be careful about which one you select.
• He has been involved in product development, Sharia research and approval of Islamic banking products for different clients.

Trading Justice 534: Wh Bulls are Winning

• With all this options available I see no reason why anyone with a legitimate need for Forex should bother about black market rates with all the options available.
• The design is to make the product more accessible and affordable for consumers and other end users.
• The best traders are those that spend quality time online and place their investments efficiently and carry on with the rest of their day.
• As usual he called his guy at a popular hotel on the island for $10,000 on the day he was traveling.
• You can deposit a minimum amount of $5, or you can start with a free demo account.
• Novice traders can also participate in the financial market with limited knowledge by simply copying the trade or investment options of more experienced traders.
• In fact, they also put a limit to how much Bureau De Change buy and sell Forex and who they sell to or buy from.

However, depending on how much you’re migrating over, it can take some time—anywhere from one to two hours, possibly—to transfer all of your data. Set up the transfer process and leave it running through the night before going to bed. With any luck, your new iPhone will have all of the functions of your old one. I’m going to presume that if you trade in your iPhone for an Apple Watch, you have another iPhone that you’ll use for pairing. When you buy your iPhone or Apple Watch, if you include a trade-in, you’ll get a kit that includes everything you need to return your old device to Apple. It is possible that the package containing your new gadget also contains a kit.

Trading Justice 473: Kenny Polcari

Plus, if you’re on 9mobile, you already know they have some hot night data deals to keep you scrolling after dark. Some people want to sleep on it, invest it, build businesses, or just flex first before thinking straight. Triple G led the losers’ chart with a sharp decline of 10.00 per cent, followed closely by MRS (-9.97%), Chellarams (-9.96%), UACN Property REIT (-9.95%), and IMG (-9.91%). The depreciation of these stocks, alongside others such as Custodian (-9.63%), VFDGroup (-9.32%), Dangsugar (-2.56%), and GTCO (-2.29%), indicated the market’s discerning nature, where even amidst a broader rally, certain companies face selling pressure. Conversely, the Insurance sector experienced a  decline of 1.06 per cent. The Consumer Goods sector, recorded a loss of 0.75 per cent, while the Oil & Gas sector also edged down by 0.09 per cent, despite the strong showing of individual oil and gas companies like Aradel.

Besides his primary assignments in ISRA, he taught Shariah Rules in Financial Transactions to Chartered Islamic Finance Professional (CIFP) Masters online Students of International Centre for Education in Islamic Finance (INCEIF), Malaysia. He also taught MBA and BBA Students different Islamic Banking and Finance Subjects at University College of Bahrain. 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.

Address: 23 Jimmy Carter Street, Asokoro, Abuja.

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. Through FXTM Trader, it is easy to keep track of price dynamics, and adjust positions accordingly. Mr Kyari said that a ginger master plan was developed to facilitate self-sufficiency and promote exports for foreign exchange earnings. Nigeria continues to record poor health indices -among the worst in Sub-Saharan Africa – including low life expectancy, high maternal and infant mortality rates, and a high prevalence of infectious diseases.

AU Commission praises ECOWAS for decisive leadership on regional challenges

Whether you’re learning how currency pairs respond to economic news or experimenting with gold volatility, the platform scales with your needs. For beginners, Exness offers straightforward onboarding, demo accounts, and an intuitive dashboard. For more experienced users, it delivers tight spreads, real-time price updates, and customizable account types to match trading goals. When it comes to global market access, Exness is quickly becoming a favorite among Nigerian traders.

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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. The primary driver for this increased spending, according to the CEO, is “addressing the quality of service issues” to meet both regulator and public expectations.

Trading Justice 563: Juggernaut Week

It does not take into account the specific investment objectives, financial situation or particular needs of any particular person or class of persons and it has not been prepared for any particular person or class of persons. Opinions, projections and estimates are solely those of SCB at the date of the podcast content and subject to change without notice. Past performance is not indicative of future results and no representation or warranty is made regarding future performance. As the general manager of a foreign bank branch in New York, he secured the first US regulatory approvals of Islamic mortgage and instalment credit/sale as banking instruments. Abdulkader has been involved in the successful implementation of these products in the US market. With more than 17years Shariah Board Experience in Bank Muscat Meethaq, Sterling Bank Nigeria and University Bank USA, Abdulkader has worked on IFTA projects in Europe, Africa, Southeast Asia, and an authority on Islamic deal structures and securities.

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Experienced investors also make wrong decisions and can also experience loss. Investors may incur losses if the trader they copy experiences or makes an unsuccessful trade. If we want to trade with binary options, we pick the asset our option should be a derivate of, chose an expiration date, the amount we want to invest and whether we expect the asset to rise or fall in value.

Impeccable customer service

The awareness didn’t only boost Abeg but also the PiggyVest platform which paid out over N242 billion to over 3.5 million customers in 2021, said Somto Ifuezue, chief executive officer and co-founder at PiggyVest. Payporte was the major sponsor of the 2017 ‘See Gobe’ and 2018 ‘Double Wahala’ editions of the show. Bet9ja signed a $5 million sponsorship deal to take over as headline sponsor of the 2019 ‘pepper dem edition. 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.

The Nigerian equities market showcased remarkable resilience, commencing the trading week on a decidedly bullish note, propelling the All-Share Index (ASI) to a new historic high of 109,968.48 points. This fresh rally, buoyed by robust investor confidence, injected N593 billion into market capitalisation, pushing its valuation to an unprecedented N69.34 trillion. Pocketpal is a customised student allowance account with a debit card which secondary school students can use to transact within and outside the school; it can also serve the dual purpose of a school ID Card. He also serves as a director of Alkhabeer Capital in Jeddah and Chairman of Alkhabeer (DIFC). He is a member of the international advisory board of the Securities Commission of Malaysia, a published author, and an active speaker on Islamic finance. Formerly, Abubakar worked as a Researcher in different units at International Shariah Research Academy for Islamic Finance (ISRA) in Kuala Lumpur, Malaysia.

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Enter in the email target and you can password for your Pocket Option account. Earning regular payouts is difficult however, you can on the correct methods. Playing with brief position types, development sturdy trade tips, and you may implementing sensible exposure administration principles can boost the cash potential. Is actually a complete-fledged education membership and evaluate the platform as opposed to dangers and you may assets.

The CBN in a bid to defend the Naira against dollar took on this drastic measure. In fact, they also put a limit to how much Bureau De Change buy and sell Forex and who they sell to or buy from. Thankfully, these pressures and widening depreciation of the Naira is mostly in the parallel market. Had, Victor known about this he would have opted for one or some of the following options.

I have used this severally in the past year and have found it very convenient. It works so well, you can use it to pay for just about anything provided there is a P.O.S machine available for you to swipe. 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.

For this reason, we tested many different apps and found three decent apps that stand out. You don’t value the importance of great customer service until you need to use it. Then and only then you realise how vital it is to be able to speak with a human being (and not an automated chatbot that provides generic answers) that will be able to listen to you, fully understand your problem and solve it efficiently. There are apps asking you to do a number of high-risk trades before cashing out, and the odds are you will lose a part of your money. It’s important to make smooth deposits any time to be quick and don’t miss any trades and at the same time, you might be in dire need of cash, meaning that it’s good to cash out any time.

Automating your own Pocket Choice trades can offer several advantages, in addition to getting rid of the necessity for guide admission and you can probably boosting change results. It allows one display progress, look at analysis, in addition to set up automated trading purchases copy of your own extremely winning traders. The transaction amount and also the made money are instantly put in your account equilibrium. It is always better to over confirmation after you register your account. 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.

View the added bonus advice and you may delivery improvements on the Coupons part. Take control of your income securely, invest then otherwise withdraw funds if necessary. An expert-buyer usually follows the cash government legislation and constantly analyzes and you may finds out the best techniques to fit the present day business situation.

While desktop terminals are still useful, they do not provide mobile access which many users need. Through an app, traders may check market stats and manage trades on the go, at any time. The cost of implementing this model is not pocket change, but it’s not a king’s ransom either. Setting up this model through a National Conference, new laws, and public campaigns may take a hefty sum upfront.

Follow these tips and also you’ll have the ability to properly log into Wallet Option to initiate benefiting from locations international. Pocket Choice is the leading online trade system that gives binary possibilities, Forex, cryptocurrencies, brings, merchandise and you can indicator trading. With complex charting products, versatile expiry times, and lower lowest trades, Wallet Option provides an user-friendly and show-rich trading feel.

• He assured that the government is putting measures in place to ensure that the problem of street trade is tackled.
• One of the reasons that trading mobile apps go down is because they might have been hacked meaning that swindlers will access your bank account details.
• Besides the ranking of licensed brokers operating in Nigeria’s market, Traders Union website also features many other rankings such as Best Trading Apps in different countries.
• Payporte was the major sponsor of the 2017 ‘See Gobe’ and 2018 ‘Double Wahala’ editions of the show.

Do they get counted to know how much money is expected to be raked in daily? I have a strong feeling that some of these levies are not remitted to the local government. 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.

With an estimated population of over 200 million, the consequences of chronic underfunding in Nigeria’s health sector have been severe. The Minister also disclosed that, in response to the outbreak of ginger blight disease in parts of the country, the ministry launched an initiative to tackle the attack by disbursing N1.6 billion to support affected ginger farmers in Kaduna and Plateau States. He explained that injecting 30,000 metric tonnes, equivalent to 1,000 trucks of 30MT each of this essential staple into Nigeria’s food supply is expected to not only reduce the price of rice but also drive down the cost of other close food substitutes.

• Is actually a complete-fledged education membership and evaluate the platform as opposed to dangers and you may assets.
• It allows users to automate savings, set lock-in periods, and earn interest that beats most traditional banks.
• With more than a hundred offered deposit actions, trading will get fast and you can comfy.
• Corruption festers unabated in this administration with whispers of an APC “rigging super-structure” ala INEC, security forces and the courts cast shadows over electoral integrity.
• Copy trading is just like following the footsteps or strategy of an intelligent student to get good grades yourself.
• Let’s get real, who wants to use a mobile app on a daily basis that is almost impossible to navigate?
• Our current system, stitched into the 1999 Constitution, is a tailor’s nightmare, ill-fitting for a nation of 250+ ethnic groups and rich communal traditions.
• It works so well, you can use it to pay for just about anything provided there is a P.O.S machine available for you to swipe.

“I sell electronics, but do you know that some guys too hawk small electronic gadgets? Before customers call at my shop, they would have patronised these street traders. That is one of the problems facing those of us who are shop owners here in Oyingbo. Secondly, how can someone verify that the money these traders pay ends up in government purse?

The length of time in which the investment was made also determines investment returns. It has been proven that short-term trades might result in quick gains or losses while long-term trades might benefit from compound events. While copy trading can bring about potential profit, it also carries risk.

Make sure you meticulously configure the new setup and pick the proper signs to optimize the exchange procedures. That have automation, you’ll save hard work if you are probably boosting your earnings. Term verification is actually a basic dependence on monetary functions companies. Pouch Option is a trading and investing platform that’s well-known for the capability to generate quick investments, use of an array of property, cutting-edge research equipment and you can easier put/detachment. P.O.S Machines – For frequent shoppers abroad, the era of paying for your purchases via cash may soon be over as most shops, malls, hotels etc. all accept Nigerian Debit or Naira cards (Mater Card/Visa). Rather than pay with cash, all you do is just swipe your cards at the available P.O.S machines and you get debited in Naira at your local bank here in Nigeria.

That’s right but for the last few years you can trade online via a mobile app. The vast majority of online trading platforms have their own mobile apps that are compatible with Android and iPhone, so whichever the operating system of your mobile phone is, you can install such apps on your phone and trade on the go. Before choosing a brokerage app, investors need to weigh their options and consider the benefits and breaches of each one. These financial platforms store sensitive data, so you must be careful about which one you select. Pocket Option is viable for settling into the investment world with a safe trading experience. For investors that are interested in trading forex and options, this broker is particularly useful.