Finance – NEWS AGENCY OF NIGERIA

NAN
Jul, Mon, 2025

2025 Zhongshan Investment Promotion Conference Highlights and Shenzhen-Zhongshan Link’s First Anniversary

Zhongshan, China – A total of 198 projects with intent investment of more than 100 billion yuan ($13.96 billion) were signed at the 2025 Zhongshan Investment Promotion Conference, which was held on 30th June in Zhongshan, Guangdong province.The conference also featured the debut of Zhongshan’s official city promotional video.

Themed around “Invest in Zhongshan, With the future”, the event attracted over 400 business representatives from more than 20 countries and regions, as well as delegates from consulates of 15 countries in the provincial capital Guangzhou and foreign business associations in China.

Among the projects, 80 percent are from the manufacturing sector, focusing on advanced industries such as biomedicine and healthcare, low-altitude economy, high-end equipment and artificial intelligence.

30th June also marks the first anniversary of the Shenzhen-Zhongshan Link, which is the third mega bridge in the Guangdong-Hong Kong-Macao Greater Bay Area. The link has seen its total traffic volume exceeding 31 million over the past year.

NAN
Jul, Fri, 2025

Technologies Transforming Online Gaming in Nigeria: AI, VR & Blockchain

Technologies in the Entertainment Industry: How Innovations Are Transforming the Online Gaming Sector in Nigeria

The online gaming sector in Nigeria is undergoing a significant transformation, driven by innovative technologies that are revolutionizing the way people play and interact with games. With mobile gaming, artificial intelligence (AI), virtual reality (VR), and blockchain gaining traction, Nigeria is becoming a hub for the global gaming community. These advancements are not only enhancing gaming experiences but also paving the way for further growth and expansion of the online gaming industry.

The Rise of Online Gaming in Nigeria: A Technological Revolution

The online gaming industry in Nigeria has witnessed a remarkable rise in recent years, with technological advancements playing a pivotal role in this growth. The increasing availability of smartphones, combined with improved internet infrastructure, has made online gaming more accessible to a wider audience. This has created a dynamic gaming market, where players now enjoy everything from mobile games to immersive online casino experiences.

Technological innovations are driving this transformation, with faster internet speeds and more affordable data plans making it easier for Nigerians to access high-quality gaming platforms. Whether it’s playing mobile games on the go or engaging in virtual casinos, innovations are at the heart of the growing online gaming sector in the country.

Mobile Gaming: The Catalyst for Widespread Adoption

Ubiquitous Smartphone Access

The surge in smartphone use in Nigeria has been a key factor in the rapid growth of mobile gaming. Affordable smartphones are now in the hands of millions of Nigerians, enabling a broad demographic to access a variety of games. Mobile gaming, once limited to a small group of enthusiasts, is now an everyday entertainment option for a diverse audience.

Smartphones offer gamers the ability to play high-quality games anywhere and anytime, making gaming a convenient and accessible pastime. As smartphones become increasingly powerful, with better graphics and processing capabilities, the gaming experience continues to evolve, providing players with immersive and engaging gameplay. One popular option for mobile gaming enthusiasts is the bc game app, which offers seamless gaming experiences and engaging gameplay for users on the go.

Enhanced Connectivity

Improved internet connectivity is another major factor contributing to the rise of mobile gaming in Nigeria. The expansion of 4G networks and the gradual rollout of 5G technology are providing faster internet speeds, which is crucial for online gaming. Gamers in Nigeria can now enjoy seamless gaming experiences, whether they are participating in live multiplayer games or playing virtual casinos like bc game login, which require stable and fast internet connections.

In addition, improved internet infrastructure has made it easier for players to access new games, download updates, and engage in live-streamed gaming sessions with minimal lag. With these technological improvements, mobile gaming in Nigeria is poised for continued growth.

Cutting-Edge Technologies Reshaping the Gaming Landscape

Artificial Intelligence (AI) and Machine Learning

Artificial intelligence (AI) is transforming online gaming by providing a more personalized and dynamic gaming experience. AI is used to tailor content to players’ preferences, adjusting challenges, rewards, and in-game events based on player behavior. This keeps players engaged and motivated to continue playing.

Machine learning, a subset of AI, further enhances the experience by analyzing gameplay patterns and optimizing game mechanics. For instance, AI is used in online casinos to detect suspicious activity and ensure fairness, providing a secure environment for players. The ability of AI to create adaptive gaming experiences is one of the reasons why online gaming in Nigeria continues to grow in popularity.

Virtual Reality (VR) and Augmented Reality (AR)

Virtual reality (VR) and augmented reality (AR) are setting new standards in gaming by creating immersive environments that blur the line between the real and virtual worlds. VR technology allows players to step into digital realms where they can interact with game elements in a highly realistic way, offering an unparalleled level of engagement.

AR, on the other hand, overlays digital objects onto the real world, enhancing the gaming experience by adding another layer of interactivity. As VR and AR technologies become more accessible, they are expected to revolutionize the gaming industry, offering Nigerian players a deeper, more engaging experience.

Blockchain and Cryptocurrency Integration

Blockchain technology has gained significant attention in the gaming industry, and for good reason. The decentralized nature of blockchain ensures transparency, security, and accountability in online gaming platforms. Blockchain also facilitates the use of cryptocurrencies, allowing players to engage in secure, anonymous transactions.

Platforms like BC Game are adopting blockchain to ensure that player transactions are secure, fast, and free from fraud. The use of cryptocurrency in online gaming is also growing, allowing for smoother, borderless transactions. This technological innovation is reshaping the way players interact with games and conduct in-game purchases, providing a new level of convenience and security.

NAN
Jun, Mon, 2025

Online trading in Nigeria is booming, risky and definitely here to stay

From foreign shares to crypto coins, Nigerians are charging headlong into online trading. But what exactly is driving this boom, and how are trends abroad shaping events on our own doorstep?

If you’ve ever heard your cousin talk about “buying the dip” or caught a friend glued to a candlestick chart at a wedding, welcome to the new era of online trading in Nigeria. Over the last few years, there’s been a sharp rise in how ordinary Nigerians are participating in global financial markets, trading everything from U.S. tech stocks to forex pairs and even volatile cryptocurrencies. It’s become a lifestyle, not just a side hustle anymore.

But with access exploding due to apps and internet penetration, risks and challenges have increased just as rapidly.

Global online trading: Everybody’s invited now

Across the world, trading on your phone went from being a novelty to the norm. Robinhood, eToro and Binance apps have completely changed the game, especially for millennials and Gen Z. You don’t need to be this Wall Street whiz kid anymore in order to invest, you just need a phone and an internet connection.

These platforms lowered the barrier to entry through zero-commission trades, fractional shares (so you do not have to possess the entire $3,000 in order to own a piece of Amazon) and user-friendly interfaces. Trading is no longer behind a shroud of mystery. Instead, it’s marketed with memes, community chat and YouTube tutorials.

Globally, this has led to a tsunami of new buyers pouring into Lagos and Abuja markets. During lockdowns due to COVID-19, millions caught on to trading as a way of making money while stuck indoors. And since then, the practice has stuck.

The Nigerian angle: Domestic appetite meets worldwide accessibility

In Nigeria, however, the beauty of online trading is more than ease of access, survival and hope. While inflation is biting hard, the naira constantly playing a vanishing act, and traditional savings appearing to be a dead-end path, young Nigerians are turning towards online trading as a likely avenue to beat the system.

Whether it is forex, crypto or foreign shares, everyone is trying to grow their money by gambling in the markets. The youth, especially between 18–35 years, form the largest majority of new traders in the country. They are technology-literate, eager to earn in dollars and more financially aspirational than their previous counterparts.

And with more broker app for trading available today directly serving Nigerians, accessing international markets has never been easier. These platforms allow Nigerians to buy American and Chinese stocks, invest in ETFs, and even save in dollar-denominated vehicles.

The rise of the broker app for trading

Let’s talk about tools. One massive reason that online trading has exploded is the availability of easy-to-use broker smartphone apps for trading. These apps have made it ridiculously easy to open an account, fund it, look at markets and make trades from a smartphone.

Those were the times when one would need a laptop or go to a local broker who would charge you an arm and a leg simply to buy one share. Now, applications enable users to buy international stocks or currencies within minutes. And they are designed for the Nigerian user: Local payment integration, naira wallets, and even tutorial content for beginners.

These programs also typically contain demo accounts, which are great for practicing before going live with real money. It’s more like a flight simulator for trading, and in this economic chaos, that’s not a bad idea by any means.

Challenges on the road

Of course, it’s not always smooth sailing and profits. Online trading in Nigeria also has its own share of headaches.

Regulation

The Nigerian government has been hot and cold when it comes to financial tech. We’ve seen crackdowns on crypto platforms, confusion over who regulates what, and grey areas in tax policies. This uncertainty makes some platforms pull back or keep things low-key.

Education gap

More individuals are trading, yet not everyone understands what they’re doing. Sure, it’s easy to light up an app and make a trade, but keeping the market in context, taking care of risk, and avoiding scams? That’s another matter. Many traders burn out because of losses that might have been avoided through better education.

Power and internet concerns

It sounds easy, but stable power and consistent internet are still concerns in most of Nigeria. A lagging connection or a sudden blackout during the midst of a trade can actually cause serious damage to one’s bank account.

Trends to watch: What’s next?

We’re likely going to see more local platforms popping up, more educational content in Nigerian languages, and stronger community trading groups forming. Telegram and WhatsApp groups where people share strategies, alerts and even memes are already huge.

Social trading, copying the trades of top-performing investors, is gaining popularity too. Nigerians like community, and combining that with finance is wonderful. You can be sure that there will be more apps bringing in functionality that allows collective investing of this sort.

And with more technology companies and banks seeing the worth in the industry, we might even witness even more formal partnerships that bring online trading to conventional banking.

Trade smart, stay informed

Online trading in Nigeria isn’t going anywhere. It’s fast, it’s growing, and it’s giving people a shot at financial growth in a very unpredictable economy. But just like with any opportunity, it comes with risks, especially if you’re going in blind.

The good news? The resources are available. Whether a broker app for buying and selling or a YouTube channel explaining technical analysis, Nigerians have never had better access. Now comes the challenge of employing these resources in a savvy fashion. So if you’re already trading or thinking about jumping in, take your time. Learn the ropes, ask questions and join a community. And remember: you’re not just betting on charts, you’re investing in your future.

Trade well, naija.

NAN
May, Thu, 2025

Inaugural Global Business Summit in Jakarta convened to advance sustainable BRI Infrastructure Cooperation for SDGs

Jakarta, Indonesia, May 25, 2025 – The “Inaugural Global Business Summit on Belt and Road Infrastructure Investment for Better Business Better World and Sustainable Development Goals” (the Summit) officially opened on May 25 in Jakarta. The Summit is co-hosted by the Government of Indonesia, the United Nations Global Compact “Sustainable Infrastructure for the Belt and Road Initiative to Accelerate the SDGs” Action Platform (UN Global Compact BRI for SDG Action Platform), THK Forum, United in Diversity Foundation (UID), the Indonesian Chamber of Commerce and Industry (KADIN), UN Global Compact Network Indonesia (IGCN), International Chamber of Commerce (ICC), and the Sustainable Development Solutions Network (SDSN).

In keynote addresses, UN Under-Secretary-General Li Junhua emphasized the imperative for “low-carbon, resilient, and universally accessible infrastructure” while the UN Assistant Secretary General, and Executive Director of UN Global Compact Sanda Ojiambo outlined four strategic priorities for businesses: adopting science-based decarbonization targets, prioritizing circular economy principles, engaging local communities, and leveraging blended finance. Xiamen Airlines Chairman Zhao Dong highlighted the pivotal role of aviation connectivity in advancing the “Air Silk Road”.

The summit yielded substantive outcomes, including the launch of the report Transition Finance for Sustainable Development of Traditional Industries and nine cross-sector initiatives spanning green energy transition, SME empowerment, and global health cooperation. A landmark Joint Statement by the UNGC BRI for SDG Action Platform High-Level Steering Committee reaffirmed BRI’s role as a global public good for infrastructure investments and business participation, committing to sustainable development through responsible business and multi-stakeholder partnerships across sectors including healthcare, energy, telecommunications, construction, manufacture, transportation, food, agriculture and digital infrastructure.

Four expert roundtables addressed critical themes: sustainable supply chains in green minerals, healthcare innovation, ESG compliance, and green industrial park development. Marking the 75th anniversary of China-Indonesia diplomatic ties, UN resident coordinator’s office in Indonesia and China joined hands with UN Global Compact company participants to co-launch Sino-Indonesia Corporate Communities Action Network for sustainable development to enhance sustainable communities and SDGs. Business leaders endorsed establishing an annual business summit mechanism to ensure BRI projects align with SDGs and promote international standard and private sector best practices.

The summit concluded with a unified call to action, underscoring shared responsibility in building an inclusive, climate-resilient future through strengthened BRI collaboration. This inaugural event has established a new paradigm for public-private partnerships in sustainable infrastructure development, setting the stage for long-term, principled cooperation.

Contact:Wu Ting

Tel:008610-85320978

E-mail:ting.wu@unglobalcompact.org

NAN
May, Mon, 2025

Nigeria, East/Southern Africa air cargo flag-off to boost Nigerian exports, catalyse regional integration- Oduwole

Export

By Rukayat Moisemhe (08083292408)

Lagos, May 25, 2025(NAN) Minister for Industry, Trade and Investment, Dr Jumoke Oduwole, says the Nigeria–East/Southern Africa air cargo corridor route flag-off would strategically enable trade, accelerate regional integration and boost Nigerian exports.

Oduwole made the assertion on Sunday in Abuja at the inaugural ceremony.

She noted that air cargo corridor commencing from Lagos and Abuja, was more than a logistics initiative.

She stated that the development was a strategic trade enabler that unlocked new opportunities for Nigerian exporters under the Africa Continental Free Trade Area (AfCFTA).

Oduwole said the initiative was built by Africans, for Africans and capitalised on Nigeria’s strategic location, its role as AfCFTA digital trade co-champion, HerAfCFTA champion and unmatched entrepreneurial spirit.

She noted that under the initiative, Uganda air rate negotiated price had dropped the cost by 75 per cent per exporter from 1,000 dollars to 260 dollars with all charges included.

This, the minister stated, meant Nigerian goods could scale into the AfCFTA market through strategic partnership with Uganda Airlines.

“This corridor is framed by special rates that are currently 50 per cent lower than commercial rates.

“Importantly, these rates are applicable to Nigerian businesses, especially Micro, Small, and Medium enterprises (MSMEs) that are members of the umbrella business groups in Nigeria.

“For far too long, Nigerian exporters have faced steep logistics costs and long delivery times, when they trade with African partners.

“This corridor reduces delivery timelines from months to days – and it ensures that time-sensitive, perishable goods reach their destinations in peak condition,” she said.

The minister described the air corridor as not just a pilot, but a pathway for Nigerian MSMEs to enter and expand across Africa with greater confidence, lower costs, shorter time frames, and reduced risk.

She said the flights from Lagos and Abuja today were not just carrying goods but carried the commitment, ambitions, and resilience of Nigeria’s entrepreneurs.

She revealed that on May 26, there would be a launch of a powerful AfCFTA Market Insights/Intelligence Tool, developed with UNDP, to help businesses decode regulatory requirements and identify trends in East and Southern African countries.

Oduwole lauded Nigeria’s leading business groups for their close collaboration in coordinating credible exporters for the air cargo corridor.

“I also extend my gratitude to the Government of Uganda and Uganda Airlines for being a committed partner in this bold initiative, and to the leadership of UNDP Regional Bureau for Africa, the Regional AfCFTA Portfolio, and the Country Offices in Nigeria and Uganda for their unwavering support in translating vision into impact.

“In addition, I want to thank the Honourable Minister of Aviation, the MD/CEO, Federal Airports Authority of Nigeria, as well as the Comptroller General of the Nigeria Customs Service, and their teams, for facilitating the formalities and processes to make today possible,” she said.

Oduwole also commended Nigerian businesses that were sending shipments on the inaugural flight.

She noted that they exported a diverse product basket – textiles, bags, cosmetics, agro – processed products and more to African partners.

“The Federal Ministry of Industry, Trade and Investment stands with you as you take the bold leap to expand your footprint into Africa.

“AfCFTA tariffs are now gazetted and Nigerian businesses must launch their goods into the continental market and do so with the full backing of government, partners, and now, a dedicated cargo corridor.

“To every Nigerian exporter, innovator, and entrepreneur: this is your invitation to trade differently, trade confidently to trade continentally,” she said. (NAN)(www.nannews.ng)

ARM

NAN
May, Wed, 2025

Features of Payment Acceptance for the iGaming Business

The iGaming industry is rapidly developing, and one of the key components of the success of any business in this area is the competent organization of payment acceptance. Users increasingly expect not only convenience and speed, but also the ability to pay bets using cryptocurrencies, mobile wallets, and other alternative methods. In such conditions, traditional payment solutions can no longer cope with the load and requirements. This is where innovative iGaming payment solutions from Tranzzo come into play, capable of providing scalability, flexibility, and security that meet the specifics of the market.

Features of iGaming Business

The iGaming industry covers gambling in a digital format. Platforms operating in this area offer users the opportunity to participate in various types of games, from virtual casinos to eSports betting. Unlike offline gambling, online games are convenient, accessible from anywhere in the world, and give users a wider choice of entertainment.

The key feature of the iGaming business is its high financial activity. It is important for platforms to quickly and safely process hundreds and thousands of transactions per day. This requires reliable payment systems that can adapt to user requests, providing different payment methods.

However, the iGaming industry is classified as a high-risk business. This status is associated with several factors. Firstly, the high probability of fraudulent transactions and chargebacks makes payment processing difficult. Secondly, laws in different countries often restrict the work of platforms.

In addition, high competition in the industry forces companies to offer players bonuses, instant payouts, and flexibility in replenishing their balance, which further complicates interaction with traditional financial systems.

Difficulties in Accepting Payments in iGaming

iGaming operators face numerous barriers when working with traditional payment systems. Banks and aggregators, seeking to minimize risks, often refuse to service such companies.

Even in cases where cooperation is possible, it is accompanied by strict conditions. For example, a platform may face sudden blocking of an account without explanation.

Even large iGaming companies have to pay increased fees for acquiring. In addition, there are restrictions on the number of certain types of transactions, such as international transfers, which are especially painful for platforms with a global audience.

The strictness of regulators, such as European and American financial authorities, aggravates the situation. The introduction of anti-money laundering (AML) rules and mandatory customer identity verification (KYC) complicates the process of processing payments. As a result, many platform owners are forced to look for more flexible and convenient ways to accept funds.

Payment Methods for iGaming Services

iGaming business owners have three main payment methods available:

Internet acquiring

Internet acquiring includes bank acquiring, payment systems, and aggregators that provide payment acceptance via cards and other instruments. Some services are ready to work with high-risk projects, including iGaming, but the probability of refusal remains high.

Main difficulties:

Strict requirements. To connect, you need an extensive package of documents and compliance with the law, as well as the terms of the service.
High fees. Due to reputational and fraudulent risks, as well as potential frequent chargebacks, services set higher fees.
Risks of sudden refusal. Banks or aggregators can block an account without explanation, especially in the case of suspicious transactions.

Despite this, Internet acquiring remains one of the legal methods of accepting payments, suitable for large iGaming platforms ready for complex connection procedures and high costs.

P2P processing

One of the alternative methods of processing transactions for iGaming services has become P2P processing. This method allows you to bypass traditional restrictions associated with the strict requirements of banks and payment systems.

The essence of P2P processing is simple: when paying for an order, the user selects a payment method via a bank card, but instead of standard acquiring, he is given an individual’s card number for the transfer. After completing the payment, the system records the transaction, and the client gets access to their order.

However, systems offering integration of this method of accepting payments charge high fees (from 10%), and the process of receiving payment by this method is accompanied by additional risks.

Crypto acquiring

Crypto processing is an innovative way of accepting payments, ideal for international and high-risk businesses, including iGaming. Such systems do not single out high-risk companies as a separate category, cooperating with them on standard terms.

The advantages of crypto acquiring include:

International coverage. Cryptocurrency transactions cannot be limited, which allows working with a foreign audience.
Low fees. Cryptocurrency payment system fees average 1–2%.
Security and privacy. Blockchain technology ensures high transaction security, and user data remains anonymous.
No blocking. Crypto payments do not depend on banks and financial regulators, which eliminates the risk of sudden denial of service or transaction cancellation.
Crypto acquiring is not only a reliable but also a cost-effective solution for accepting payments in today’s market, especially for high-risk industries.

Stablecoins Are a Convenient Means of Payment for iGaming Businesses

Accepting payments in stablecoins is a profitable and secure solution for businesses that allows them to reduce costs, speed up transactions, and expand their audience.

Benefits of accepting payments in stablecoins:

Reduced volatility. One of the main advantages of stablecoins is the stability of the exchange rate. Unlike traditional cryptocurrencies, which can experience sharp fluctuations in value, stablecoins tied to fiat currency maintain price stability.
Fast processing of international payments.
No restrictions.
High liquidity. Stablecoins have high liquidity, which allows you to quickly exchange them for fiat money or other cryptocurrencies.
Low fees in networks. Cryptocurrency payment systems allow you to reduce the cost of transfers. Stablecoins are supported by various blockchains, many of which have transfer fees of no more than $0.1.
Expanding the audience. Accepting payments in cryptocurrency gives businesses the opportunity to expand their customer base, reaching potential customers from other countries.

Wrapping It Up

A successful iGaming business is impossible without a stable, secure, and adaptive payment infrastructure. In the context of rapidly changing player preferences and tightening regulations, only modern iGaming payment technologies can ensure stability and growth. One such solution is provided by the payment platform Tranzzo, which offers comprehensive services for iGaming companies. It helps ensure compliance with legal requirements, improve transaction security, and optimize payment processes. Tranzzo supports various payment methods, including digital currencies and mobile transactions, which allow companies to remain competitive in a rapidly changing industry.

NAN
Apr, Tue, 2025

How do markets recover from stock market crashes?

The capacity of financial markets to bounce back from crashes and downturns defines their resilience. The study of these recovery mechanisms helps investors develop better approaches to handle market turbulence. As markets recover, using a trusted, regulated broker like HFM is the way to go for any investor who would like to safely participate in stock market gains from the recovery.

Stock market crashes emerge from unexpected price drops that result from economic troubles and geopolitical events, together with sudden worldwide events like the COVID-19 pandemic. The path toward market recovery following these crashes depends on three primary factors: government intervention mechanisms, investor reactions and basic economic conditions.

Market recovery patterns following past downturns have demonstrated different periods and movement characteristics. The 1973–1974 stock market crash, which resulted from the oil crisis and economic recession, needed more than six years to recover. The S&P 500 suffered a rapid decline during the 2020 COVID-19 pandemic but recovered to its pre-crash level within five months, while the Dow Jones Industrial Average needed more than six years to recover from its 1974 levels. Market recoveries tend to last either for a long time or a brief period based on the nature and intensity of the initial crisis.

The government, along with central banks, function as a key elements that help markets return to stability. The Federal Reserve responded to the 2008 financial crisis by using interest rate reductions and quantitative easing to provide liquidity through the financial system. Central banks across the world implemented aggressive monetary tools, including rate adjustments and asset acquisition programs, as part of their efforts to stabilise markets while supporting economic growth during the COVID-19 pandemic.

The way investors behave has a major influence on how fast the market recovers. Market declines grow worse because of panic selling until investors begin to invest collectively, which helps the market recover. Financial advisors advise investors to adopt a long-term viewpoint when market conditions become negative. The data throughout history shows positive results for investors who choose to stay in the market during turbulent times because markets tend to bounce back. Investors who stayed in the market during the 2008 financial crisis experienced large profits when the market came back strong in the following years.

The strategy of diversification becomes essential when markets show recovery signs. A diversified investment portfolio helps protect investors from losses in particular sectors or asset classes that face excessive damage during a market crash. Investors who spread their money across different sectors and geographic areas can benefit from market segments that show faster recovery. The strategy helps minimise the influence that one poorly performing investment has on the entire portfolio.

A market recovery does not automatically mean that a downturn has finished. A dead cat bounce describes how stocks experience brief price increases after major drops before another decline occurs. Investors must identify actual market recoveries from brief price surges since this distinction affects their investment choices. The sustainability of a market recovery demands analysis of both economic indicators and market fundamentals from investors.

Market crashes result from multiple elements which combine governmental policies with investor sentiment and economic fundamentals. The key to thriving in post-crash environments depends on maintaining diversified investments together with long-term investment goals and continuous market information monitoring. Knowledge of these factors provides investors with tools to make better choices and withstand financial market volatility.

NAN
Mar, Mon, 2025

Forex Trading in Nigeria: A Path to Financial Independence

Nigerian investors have an excellent chance to grow their finances through Forex trading. Choosing Octa as your broker, combined with market understanding, enables you to embark on trading activities while accessing global financial markets with local support.

Why Forex Trading is Gaining Popularity in Nigeria

The appeal of foreign exchange trading has significantly increased in Nigeria as people seek financial independence. The rising digitalization and mobile app adoption in Nigeria enables people to trade foreign exchange markets from their home environment. People find this trading method especially alluring.

Many Nigerians have sought out forex trading as a possible investment solution due to Nigeria’s high inflation rates and currency fluctuations alongside rising interest in different financial opportunities. The continuous trading availability along with minimal entry requirements makes forex trading suitable for Nigerians who want to participate.

The growing financial literacy and tech-savviness of Nigerian people leads them to use forex trading as a way to expand their income streams. The Nigerian market currently requires trustworthy brokers and platforms in high numbers because of increased demand. Trading platforms appeal to investors by finding brokers who master worldwide and local market dynamics in the forex sector.

How to Start Forex Trading in Nigeria

Forex trading initiation in Nigeria demands several important steps to build a strong foundation. Starting out in forex trading requires these steps to prevent common mistakes so you can start your trading adventure with confidence.

Choose a Reliable Forex Broker

Selecting a suitable broker stands as the most important step. The broker must have a license from an established regulatory authority which demonstrates success within the Nigerian market. Select brokers which offer educational materials as well as customer support and easy-to-use trading platforms.

Open a Trading Account

The opening of a trading account becomes necessary after selecting a brokerage firm. You can create a demo trading account through many brokers to practise with no capital risks. The demo account gives you time to learn about the trading platform and market price fluctuations.

Deposit Funds

The following step after account setup requires funding your trading account. The different payment methods offered by most brokers enable Nigerian traders to deposit funds through local bank transfers, mobile payments and e-wallets.

Learn the Basics of Forex Trading

Beginners should dedicate time to master the fundamental concepts before making their initial trade. Every beginner needs to master currency pair analysis and chart interpretation while learning fundamental trading principles including leverage and spread and margin.

Start Trading with a Demo Account

New traders must begin their CFD trading education with a demo trading account to develop experience without risking financial capital. The demo CFD trading account enables you to practice trading methods and track market patterns while avoiding financial risk.

The Importance of Choosing a Trusted Forex Broker in Nigeria

A dependable broker stands as the vital component for achieving success in forex trading. The selection of a forex broker in Nigeria requires finding an option that combines worldwide capabilities with domestic market understanding. Octa provides an excellent blend that distinguishes itself from other options.

The trusted position of Octa as a Nigerian broker comes from developing a platform that enables local traders to make money while upholding international market standards. The company provides Nigerian traders with an outstanding trading experience through Nigerian-specific payment options, Nigerian timezone customer support, and educational resources which makes it suitable for new traders.

Octa maintains its reliable standing because it combines transparent operations with its dedication to creating a safe trading environment that is regulated. The company holds multiple licenses that regulate its operations and guarantees compliance with international standards.

Selecting a forex broker with knowledge of Nigerian requirements while providing worldwide trading opportunities will determine whether you succeed or fail in the market.

Why Octa is a Reliable Broker for Nigerian Forex Traders

Nigerian traders trust Octa as a premier forex broker because it provides solutions that satisfy international and domestic demands. The platform provides Nigerian traders with extensive trading experience that integrates sophisticated features with specific knowledge about their market.

Global Standards, Local Focus

Through its platform Octa allows Nigerian traders to access numerous forex markets as well as trading tools which enable them to explore international financial possibilities. The platform stands apart due to its special focus on Nigerian customer needs including local time zone support and payment system options.

Demo CFD Trading

Octa provides new traders with demo CFD trading as a fundamental feature. Using this feature enables traders to practice risk-free trading which helps develop their market readiness before engaging with actual market conditions. The practice and optimization of trading strategies becomes easier when you use a demo account regardless of your trader experience level.

Educational Resources

The educational resources at Octa, including webinars, tutorials, and guides, assist beginners through market trend understanding and trading skill development.

Key Steps to Succeed in Forex Trading in Nigeria

Nigerian traders who want to grow their financial assets through forex trading need proper tools, knowledge, and a trustworthy broker. Nigerian traders who select the reliable platform Octa will most likely succeed in the forex market because it provides expertise in global market dynamics and local needs. Begin with demo CFD trading accounts to learn basic principles and acquire hands-on training before starting live-time trading.

NAN
Mar, Fri, 2025

Guangdong Demonstrates Openness, Confidence and Responsibility as an Economic Powerhouse

A plenary meeting of the Guangdong Delegation to the Third Session of the 14th National People’s Congress takes place on the afternoon of March 6, drawing 267 journalists from 107 domestic and international media organizations.

(Guangzhou, China) On the afternoon of March 6, 2025, the Guangdong Delegation to the third session of the 14th National People’s Congress convened a plenary meeting, drawing 267 journalists from 107 domestic and international media organizations. During the Q&A session, reporters were invited to engage with Guangdong’s leadership. Provincial Party Secretary Huang Kunming, Governor Wang Weizhong, and other delegates answered their questions, offering diverse perspectives on Guangdong’s latest advancements and breakthroughs in pursuing Chinese modernization, as well as its ongoing initiatives. Huang Chuping, Director of the Standing Committee of the Guangdong Provincial People’s Congress, presided over the event.

A reporter from South China Morning Post inquired: “As a leading economic province and manufacturing powerhouse, what is Guangdong’s strategy for building a modern industrial system, and what key priorities will guide your next steps?”

Huang Kunming responded that Guangdong will spearhead the integration of scientific and technological innovation with industrial innovation. This will involve constructing a robust and modern industrial system, enabling the province to fulfill its responsibility as a major economic engine and lead the way in advancing Chinese modernization. He emphasized that Guangdong’s continuously evolving industrial system facilitates significant advancements in productivity, solidifying its position as China’s top economic province and a crucial global manufacturing hub.

He noted that Guangdong has a vast and comprehensive industrial base, encompassing all 31 major manufacturing categories and housing nine industrial clusters, each exceeding 1 trillion yuan ($138 billion) in value. Furthermore, Guangdong’s strength in innovation and robust infrastructure, coupled with its specialized workforce and diverse application scenarios, ensure the rapid translation of research findings and innovative concepts into superior products and services. In 2024, Guangdong’s total import and export volume reached 9 trillion yuan ($1.2 trillion), further underscoring the benefits of its opening-up policy. He also highlighted the launch of the Action Plan for Attracting a Million Talents to South Guangdong, aimed at recruiting 1 million college graduates to work and start businesses within the province.

A reporter from Macao Daily News then asked, “What are Guangdong’s plans and initiatives for collaborating with Hong Kong and Macao to further develop the Greater Bay Area?”

Wang Weizhong responded by highlighting the region’s economic significance: despite occupying less than 1 percent of China’s land and housing only 6 percent of its population, the Greater Bay Area generates one-ninth of the nation’s GDP. Last year, the area’s GDP reached 14.5 trillion yuan ($2 trillion), a substantial increase of 3.7 trillion yuan ($511 billion) compared to 2018, prior to the official unveiling of the development outline for the area in early 2019. He further emphasized Hengqin’s crucial role as a platform for diversifying Macao’s economy. From 2009 to 2024, Hengqin’s GDP surged from 285 million yuan ($39 million) to 53.8 billion yuan ($7.4 billion), reflecting an impressive average annual growth rate of 27.4 percent. During the same period, the number of Macao-funded enterprises increased more than 400-fold in Hengqin. Currently, “four-new” industries (new materials, new energy, new equipment, and new medicine) account for 59.4 percent of Hengqin’s industrial added value.Wang emphasized that Guangdong will support Hong Kong and Macao in deepening their integration into China’s broader national development strategy.

The “Open Day” format offers delegations a valuable platform to showcase their region’s economic and social progress to the world. As China’s leading economic province, Guangdong naturally attracted considerable attention. By embracing transparency and demonstrating an open, confident, and responsible approach, the Guangdong delegation made a lasting positive impression on the media representatives.

Source: Guangdong Province

NAN
Mar, Tue, 2025

Impact vs. Unicorn: The True Measure of Success in Africa’s Fintech Boom

As Africa’s fintech sector sees an influx of funding, the focus must shift from unicorn valuations to real-world impact. Select fintechs exemplifies this shift by demonstrating how consumer-centric impact can drive long-term success.

Africa’s fintech ecosystem is experiencing a funding boom, with startups raising record-breaking investments. The race to the unicorn status has long been a targeted milestone. But does a billion-dollar valuation truly define success? The real metric of progress should be impact, and few fintechs like PalmPay and others embody impact driven growth to redefine the ever-evolving fintech landscape in Nigeria.

In the 2024 Venture Capital Report, Fintech continues to lead the charge, attracting the largest share of venture capital deal value 48% in recent years. This dominance is no surprise. With millions of unbanked adults in Sub-Saharan Africa and a rapidly digitizing economy, fintech startups have become the cornerstone of economic transformation.
To delve deeper into this, we’ll use PalmPay as a case study, considering that other leading fintechs have already achieved unicorn status.

PalmPay’s Journey

PalmPay, an African focused fintech platform and a licensed Mobile Money Operator since 2019, has built its footprints through impact driven solutions. As one of the big three fintechs in Nigeria, its solutions are driven towards a common goal- driving financial inclusion.

Championing Financial Inclusion

A 2024 GSMA industry report recognizes PalmPay as a key driver of financial inclusion across Africa. At the core of PalmPay’s vision is its goal of financial inclusion which has played out in every milestone recorded by PalmPay. This vision isn’t just a value proposition; it’s part of PalmPay’s mission to provide value for its customers through user-friendly financial tools that make banking easier and reliable. The fintech’s extensive mobile agent network has penetrated deep into unbanked and underbanked communities, helping millions transition from cash-based transactions to digital financial services.

PalmPay’s Impact in Numbers

What truly sets PalmPay apart is its measurable impact at scale. In just five years, PalmPay has reached over 35 million users and 1.2 million agents across Nigeria. Its agent network has created thousands of jobs, boosting business growth by offering seamless payment solutions that are reliable, and enabling financial access in areas where traditional banking infrastructure is scarce. These efforts reflect PalmPay’s commitment to empowering Africa’s digital economy from the ground up.
The platform’s 99.9% transaction success rate and the zero transfer fee is a winner among its users. PalmPay also pioneered the ‘Cashback’ feature that enables users to earn as they spend. This reiterates the brands intentionality towards creating value for users. Users that have participated in the fintech’s routine ‘giveaways’ have praised the brand for rewarding customers on and off the platform.
A Survey revealed that 30% of users opened their first financial account with PalmPay, highlighting the company’s role in providing secure and user-friendly financial services to the unbanked, thereby advancing financial inclusion.

Achieving Impact

Unicorns aren’t just defined by their valuations, they are defined by their ability to disrupt industries, drive innovation, and create lasting impact. Fintechs that understand this are driving impact holistically by solving real problems, transforming lives, and shaping the future of Africa’s fintech landscape.