Category: e-Business

  • ‘The Delborough Lagos’ experience unbelievable, international experience – Emir of Kano

    ‘The Delborough Lagos’ experience unbelievable, international experience – Emir of Kano

    The Emir of Kano, HRH, Dr Aminu Ado Bayero, has said that his experience in the ‘The Delborough Lagos’ is an unbelievable and international experience.

    The paramount ruler said he barely believed he was in Nigeria while staying in The Delborough Lagos.

    He expressed satisfaction over exceptional quality and services in The Delborough Lagos, saying he didn’t believe a young Nigerian could put up a brand on Nigeria soil that beats all hotels in the world.

    The Royal Father spoke shortly after the grand opening of the luxury brand in Lagos recently.

    He said: “I must confess that it’s an experience that will live in my memory. I feel every second and minute in this great hotel. 

    “I feel like I’m somewhere else outside Nigeria”.

    Commending the young Nigerian, the brand owner, Dr. Stanley Uzochukwu, the Emir said: “This confirms to me that we Nigerians are great and we can compete with anyone in the world. 

    Read Also: The Delborough Lagos’: Ex-President Obasanjo prays for Stanley Uzochukwu to build greater brands

    “I feel very impressed. I enjoyed every bit of my stay. I’m happy to be here. I wish I could stay any longer”, he added.

     ‘The Delborough Lagos’ which is being described as the best luxury brand in the hospitality industry across the globe was recently commissioned in Lagos.

    Notable Nigerian leaders at the grand opening ceremony included a formal Senate President and Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim; Igwe of Onitsha Kingdom and the chairman of the The Delborough Board, HRM Igwe Alfred Nnaemeka Achebe; Chief (Dr) Mike Ozekhome (SAN); Prof Lilian Orogbo.

    Others are Olu of Warri,  His Majesty, Ogiame Atuwatse III, CFR, Senator Daisy Danjuma and other local and international dignitaries, too many to mention.

    The Delborough Lagos is situated at Plot 1502 Bishop Aboyade Cole Close, Opposite Krispy Kreme, Victoria Island, Lagos, Nigeria.

  • Oladipo bags IPDCRM Fellowship Award

    Oladipo bags IPDCRM Fellowship Award

    The Institute of Personality Development and Customer Relationship Management, (IPDCRM) has conferred its Fellowship on the Provost, Evergreen College of Management Sciences, Dr. Gbeminiyi Oladipo.

    Oladipo was inducted by the Institute during the 2023 Corporate Charisma Conference and Awards at International Conference Centre, Lead City University, Ibadan.

    Among the inductees in the Fellow grade was former Ambassador to the Philippines, Dr. Yemi Farounbi and Edet Uduak Bassey.

    Speaking on the theme of the event: “Personality development and customer relationship management: A roadmap to Nigerian’s economic renewal and sustainable development,”,the President of the Institute, Dr. Owolabi Ayobami charged the new Inductees to be worthy ambassadors of the Institute wherever they find themselves.

    Oladipo thanked the institute for the honour, reinstating his commitment towards contributing more into the corporate world. ‎

  • Nigerian-British Chamber of Commerce inaugurates 18th President, Chairman of Council

    Nigerian-British Chamber of Commerce inaugurates 18th President, Chairman of Council

    The Nigerian-British Chamber of Commerce has installed Ray Atelly frpa as its 18th President. 

    The installation took place last Friday at a presidential inauguration dinner. 

    The dinner at the Jasmine and Iris Hall of the famous Eko Hotel and Suites, attracted distinguished guests, political leaders and prominent figures from across the nation to celebrate the beginning of a new era in the chamber.

    The evening was an ode to unity, diversity and the democratic spirit that binds the 46-year- old organisation. 

    Guests were treated to an exquisite culinary experience, featuring a menu curated to reflect the rich tapestry of Nigerian and British culture and the administration’s commitment to inclusivity.

    Atelly outlined the vision of his administration, the launch of the President’s Women and Youth Entrepreneurship Development Centre and the grand unveiling of the NBCC MSME Ideathon competition, a program that invites everyone to share ideas and proffer working solutions to entrepreneurship problems across board.

    Read Also: Ondo chamber of commerce congratulates Tunji-Ojo over ministerial nomination

    In attendance were esteemed dignitaries, including the Chief Host, Governor Babajide Sanwo-Olu ably represented by Hon. Mrs. Folashade Ambrose-Medebem, Commissioner for Commerce, Cooperatives, Trade and Investment; Chairman of the Day, Alhaji M.K. Ahmad, OON; Chairman Polaris Bank Limited; Minister of Industry, Trade and Investment, represented by Mr. Charles Odii Managing Director SMEDAN and guest speaker Tony Elumelu CFR, Chairman, Heirs Holding, represented by Mr. Muyiwa Akinyemi , Deputy Group Managing Director of UBA Group. 

    They graced the occasion to share their optimism in the future of the Nigerian-British Chamber of Commerce with Ray Atelly, frpa in charge.

    The entertainment line-up featured music, dance and spoken words performances. Performers captivated their audience with artistic brilliance, adding an extra layer of celebration to the historic event.

    The Nigerian-British Chamber of Commerce is honoured to have played a role in bringing together this extraordinary gathering, fostering an environment of unity, dialogue, networking and celebration. 

  • FCMB Group reports 108% YoY growth in Profit Before Tax

    FCMB Group reports 108% YoY growth in Profit Before Tax

    FCMB Group Plc (NGX: FCMB) has announced a 108% Year-on-Year (YoY) growth in profit before tax (PBT) to N55.1 billion for the nine months ended September 30, 2023, compared to N26.5 billion in the corresponding period of 2022.

    The Group’s strong financial performance can be attributed to the collective strength of its diverse business segments. The Banking Group recorded a growth in earnings of 130.1%, while Consumer Finance saw a growth of 32.6%. Investment Management and Investment Banking also performed well, with growth rates of 38.7% and 27.6% respectively.

    Commenting on the results, the Group Chief Executive of FCMB Group Plc, Mr Ladi Balogun, said:

    “We continue to leverage our unique group structure to build a technology-driven ecosystem that fosters inclusive and sustainable growth in the communities we serve. This strategy enables us to deliver robust performance despite the challenging domestic and global environment. Barring unforeseen circumstances, we believe this trend will be sustained and accompanied by improving efficiencies arising from greater scale and ongoing digitisation”.

    Read Also: FCMB rewards promo winners

    Gross revenue rose 75.7% to N351.5 billion as at September 2023, compared to N200.1 billion for the prior year. This was driven by a 55.1% growth in interest income and a 144.6% growth in non-interest income. Net interest income grew 29.5% to N120.5 billion from N93.1 billion in the prior year. This was driven by an increase in the yield on earning assets for the period ended September 2023.

    FCMB increased its lending activities, providing loans and advances totalling N1.59 trillion, a 34.3% increase from the previous year. Simultaneously, the institution experienced a 39.1% YoY growth in customer deposits to N2.53 trillion, showcasing the unwavering trust of its customers. The Group’s total assets grew by an impressive 32.2% YoY to N3.88 trillion from N2.93 trillion, strengthening its position as a leading financial institution in Nigeria.

    Assets Under Management (AUM) recorded a 26.1% YoY growth from N756.1 billion to N953.7 billion as at September 2023.

    The Group’s customer base expanded 15.4% YoY, reaching 12 million as of September 2023, reflecting a current-year growth of over 1.1 million customers. Additionally, the agency banking business expanded its network to over 120,000 agents, acquiring over 130,000 customers. Investment Banking transaction value consummated by the Group rose to N690.9 billion, marking a 15.2% YoY growth.

    In addition, the Group completed the issuance of a Series 2 Additional Tier 1 Capital Bond under its N300 billion Debt Issuance Programme for its Banking Subsidiary, bringing the total Additional Tier I Capital raised during the year to ₦46.7 billion. Its consumer finance business, Credit Direct Limited, also completed its maiden Commercial Paper Issuance to further diversify the Company’s funding base.

  • Kreatesell unveils 12-day course challenge for creators to boost passive income

    Kreatesell unveils 12-day course challenge for creators to boost passive income

    In an exciting development, Kreatesell, a prominent digital creator marketplace in Nigeria, is gearing up to launch a groundbreaking challenge aimed at empowering individuals to monetize their expertise through the creation and sale of courses. Introducing the ’12 Days Course Creation Challenge,’ the platform seeks to revolutionize how Nigerians generate income.

     Chief Growth Officer of Kreatesell, Coach Solomon said: “With the economic landscape emphasizing the need for diverse income streams, Kreatesell recognizes the significance of this challenge in providing a transformative solution. Titled “Your First Hot-Digital Product 2.0,” this immersive initiative is crafted to guide participants through the entire process of creating and monetizing courses in just 12 days 

    “We’re fostering a mindset shift, empowering individuals to transform their expertise into sustainable passive income.”

    Read Also: Fruits for glowing skin

    Participants will embark on a journey from ideation to creation and monetisation of their courses.

     The challenge, scheduled to commence on December 4th and until December 15th, presents a unique opportunity for participants to enhance their skills, refine course content, and transform valuable knowledge into an income-generating asset.

    This challenge underscores Kreatesell’s commitment to financial empowerment. “We are not only teaching you how to create a course, but we are also providing a platform where you can easily monetize the courses,” added Coach Solomon.

    Through this innovative initiative, Kreatesell aims to dispel limiting beliefs surrounding financial prosperity, offering practical, income-generating opportunities for individuals seeking to capitalize on their skills and knowledge.

  • X3M Ideas tops chart at LAIF awards with 15 gold, 20 silver, seven bronze

    X3M Ideas tops chart at LAIF awards with 15 gold, 20 silver, seven bronze

    Leading creative agency, X3M Ideas, has emerged overall winner at the 2023 Lagos Advertising and Ideas Festival (LAIF) Awards with 276 points ahead of its closest agency, Noah’s Ark which scored 255 points. Insight Publicis Limited garnered 234 points to take the 3rd position in the highly competitive awards ceremony.

    In the breakdown of the award, X3M Ideas clinched 15 Gold, 20 Silver and 7 Bronze while Noah’s Ark won 12 Gold, 16 Silver and 17 Bronze. Insight went home with 9 Gold, 16 Silver and 15 Bronze. 19 other creative agencies participated in the competition, including Leo Burnet Limited, which took the 4th position with 9 Gold, 4 Silver and 4 Bronze which gave the agency a total of 117 points.

     In the final analysis, X3M Ideas’ Glo “School teacher” got a silver, Showmax “No one tells a story like we do” got 4 silvers and a gold. The agency creative work for Nirvana’s “Lyrics of innocence” – got a Gold, a silver and a Bronze while FNM’s ” My Kitchen” got a silver, Migo got a gold and a Bronze.

    Others X3M Ideas work that gave it the victory are. Jameson in Design for its Independence Day pack, which got two silvers. LPM’s “Voices in my air” got a gold and two silvers in radio and New media. Then the rest of the Golds 11, silvers 9, and Bronze 5 were shared between The Extra Step Initiative’s “Soot Life Expectancy”, Loritem’s “Wasteful Culture” and Newsrooms vote to predict.

    The 2023 LAIF Awards, which is the 18th edition, attracted important personalities, including captains of industries and top business executives and the crème de la crème of the advertising industry.

    According to the Chairman of the LAIF Management Board, Mr. Jay Chukwuemeka, this year’s awards presented a major opportunity to celebrate outstanding creative works that stood out in the last twelve months and also drive inclusion as seen in the volume of entries that have come in this season.

    Chukwuemeka noted that this year’s award celebration was quite symbolic considering the fact that it coincided with the golden celebration of AAAN as a body.

    With the theme ‘A New LAIF’, the 2023 LAIF Awards featured a total of 6 major categories and also featured the inclusion of new categories with over 550 entries received from 19 creative agencies that are located across Nigeria and registered under AAAN.

    “This year’s award certainly gave every participant the opportunity to celebrate distinctive works from advertising agencies in Nigeria for the period under review.  It was an exciting thing to celebrate the great ideas from our creative eggheads,” he said.

    Read Also: Burna Boy, Rema win 2023 Billboard Music Awards

    Meanwhile, the Chief Executive Officer of the agency, Mr. Steve Babaeko has reacted to the victory and described it as another wake-up call to his team to continue giving their best to any brief that comes before them.

    “Creative industry is a living discipline that requires total commitment. At X3M Ideas, we approach every brief like the only brief with all it requires to make it impact the bottom line of our client’s business as well as position us as the best. The LAIF award’s victory and others before it, both locally and at the global stage are testimonials for our resilience and dedication. While thanking God for the victory, I dedicate the award to our clients and members of my team who, day in, day out, think of the best way to approach a brief. Succinctly speaking, this is humbling, to say the least” Babaeko said.

    The X3M Ideas boss congratulated members of the Association of Advertising Agencies of Nigeria (AAAN), especially the LAIF Management Board, for raising the bar this year. He also congratulated other participating agencies for their creative ingenuity, adding that the annual event has continued to position Nigeria’s creative industry as one of the best in the African continent.

  • Jesam Michael aims to transform Nigeria’s investment frontier with tokenised digital currency

    Jesam Michael aims to transform Nigeria’s investment frontier with tokenised digital currency

    In Nigeria’s financial landscape, a transformative force is quietly reshaping the investment horizon. Afriq Arbitrage System (AAS) led by the visionary CEO Jesam Michael, a beacon of innovation in the country’s investment space, wielding tokenized digital currency with profound impact.

    Michael’s vision for AAS speaks to a modernised approach to investments. “Our platform embodies the marriage of technology and finance, offering an accessible avenue for a broader spectrum of individuals to participate in the crypto investment market,” shares Jesam Michael. “The utilization of smart contracts and blockchain technology empowers our users to engage in a decentralized and secure ecosystem that transcends boundaries.”

    Underpinning AAS’s prowess is its automated and sophisticated trading system, incorporating advanced AI algorithms. “Our system,” Michael explains, “is designed to navigate the complex landscape of crypto exchanges globally, seamlessly executing trades with precision and efficiency. The deployment of high-frequency trading algorithms ensures optimal execution, minimizing risks and maximizing potential gains for our users.”

    Furthermore, the platform’s low entry threshold underscores its commitment to inclusivity. “With a starting point as low as $20,” says Michael, “AAS positions itself as a welcoming space for novices and seasoned investors alike. Our aim is to democratize the investment space, making sophisticated digital currency trading accessible to a broader demographic.”

    The impact of AAS extends far beyond Nigeria’s borders. Its global presence, spanning over 200 countries, underscores a commitment to facilitating international trade and investments. Michael envisions a future where AAS evolves into a significant global player. “We’re laying the groundwork for an autonomous token and blockchain,” he notes. “This strategic move will not only redefine the landscape in Nigeria but also make our mark on the global stage.”

    Read Also: Forex: Firm launches digital currency

    “The prelaunch of the AAS Token is scheduled to commence between late November and early December 2023. This prelaunch phase offers an exclusive opportunity for early adopters and investors to acquire the AAS Token at a discounted rate, ensuring a strategic advantage in the evolving digital currency landscape,” Michael elucidated.

    AAS’s innovative blend of technology and finance signals a paradigm shift in investment landscapes. The platform’s focus on blockchain technology and tokenized digital currency represents a secure and potentially lucrative avenue for investors, navigating a space rife with volatility and uncertainty.

    The evolving investment narrative in Nigeria finds its mettle in the rise of tokenized digital currency, pioneered by AAS and guided by Jesam Michael’s forward-thinking strategies. As the platform continues to grow and expand, it represents a compelling vision for the future of investments in Nigeria and globally.

  • ‘The Delborough’ Lagos first ever world-class luxury brand in Africa – Ozigbo

    ‘The Delborough’ Lagos first ever world-class luxury brand in Africa – Ozigbo

    Former President and Chief Executive Officer of Transnational Corporation of Nigeria Plc (Transcorp), Hon. (Dr) Valentine Ozigbo said the about-to-be commissioned Delborough Lagos is the first ever world-class luxury brand in Africa that can beat some of the top hotel brands in the world.

    Ozigbo, who was appointed as a Board Member of the supremely luxurious and elegant brand in Lagos, made the remarks during the official inauguration of the Board recently.

    Awed by the state-of-the-art facilities in the hotel located at Plot 1502 Bishop Aboyade Cole Close, Opposite Krispy Kreme, Victoria Island, Lagos, Nigeria, the politician and business executive said the five-storey The Delborough Lagos is not just a masterpiece.

    In his words, “The Delborough Lagos is not just a hotel, it is a masterpiece”. 

    Read Also: The Delborough’ standard, quality, attention to details unparalleled – Aikhionbare

    The Delborough Lagos has raised the bar in terms of architectural design, quality, finishing and excellent services.

    “The calibre of the board members, and talent of it management and staff is second to none, therefore guests will not experience anything less than excellence, Ozigbo stated.

    He added: “This is the first world-class luxury hotel on African soil that can beat some of the top hotel brands in the world.”

    “I congratulate and thank my brother and friend, the owner of this wonder for the privilege to serve on the Board of this pace-setting establishment.”

  • Nigeria Customs: Between legitimate lobbying and organisational efficiency

    Nigeria Customs: Between legitimate lobbying and organisational efficiency

    • Kabir Abdulsalam

    Some weeks ago while browsing on my phone for news updates, a headline caught my attention: ‘CG Lobbies Senate Committee for Job Slots Reserved for Border Communities.’ It got me thinking about the art of lobbying in the realm of public relations and how effective it can be in advocating for particular interests. It also reminded one of the Nigeria Customs Service (NCS’) impressive transformation.

    Once mired in public distrust, the NCS is now renowned globally for its efficiency, transparency and integrity. This made me ponder the secret of their success. I remember from my university days that lobbying is an essential part of the democratic process which allow groups to communicate their concerns to decision-makers and hope for positive feedback. Public relations’ roles can work with lobbying efforts, building relationships, conveying important messages and shaping public perception.

    At a two-day management retreat hosted by the Comptroller-General of the NCS, Bashir Adewale Adeniyi on the new Customs Act 2023, the then Chairman, Committee of Customs and Excise at the House of Representatives, Hon. Leke Abejide, revealed how legitimate lobbying helped to facilitate the passage of the bill. He commended Adeniyi and other members of the previous management for their dedication but regretted how President Muhammadu Buhari declined his assent to the new Act thrice.

    Abejide noted that with perseverance and collaboration with stakeholders, they were able to weather the storm and delivered a new Customs Act, the first of its kind in 63 years. “This Act we are all celebrating today did not come that easy as the Bill was declined assent three times. It got to a point it became practically the only project I was doing as I was having meetings in the Ministry of Justice while also talking with the Ministry of Finance and the Nigeria Customs Service,” he said.

    “The provisions of Section 14 (1) of the new Act are very instructive on professionalism, by providing appointment of a career officer from the Service to be head of management of the Service. I want to congratulate the newly appointed Acting Comptroller-General of Customs, Bashir Adewale Adeniyi (MFR), for being the first beneficiary of this career reform exercise.”

    Speaking, Adeniyi said the NCSA, 2023 was overdue after decades of the defunct Customs and Excise Management Act Cap C45 LFN 2004 (CEMA). “CEMA was enacted 63 years ago and remained without any significant amendment notwithstanding the expansion in government, growth in population and challenges in the economy. The efforts were necessary because the provisions of CEMA had become obsolete and could no longer meet the contemporary fiscal policies of the Government and the mandate of the Service.”

    This situation, CG Adeniyi explained, propelled the National Assembly, through a private member, to initiate the repeal and enactment of a new Nigeria Customs Service Bill eventually passed by the parliament and assented to by President Buhari before he left office. PRNigeria reports that the Service had engaged relevant stakeholders as lobbyists to support the bill which would address some of the defects in the CEMA and introduced innovative solutions in the implementation of the Act.

    The NCS effectively used lobbying to garner support for its reforms, acquire crucial resources, and drive change. The agency recognised that it couldn’t achieve its goals single-handedly, so, the support of key partners was sought. This was leveraged upon to get the new legislation over the line. Lobbying, a significant tool in issues management, involves influencing legislative and regulatory decisions within the government. It shapes public policies and laws, a discipline closely intertwined with public relations.

    Read Also: Nigeria Customs Service probes $40m Arik Air aircraft deal

    The concept of lobbying started from American politics during the 1800s. The earliest form involved individuals meeting with politicians outside legislative chambers to persuade them and sway their votes. For example, a business owner who tries get a wider road built via a mediator is a good analogy of lobbying. The owner, who might not be present during the presentation of a case to the authorities, could hire lobbyists as they have a deep understanding of politics and know how to navigate the government bureaucracy. They use their knowledge and connections to deliver results.

    Aside from this, a trade association might contact a lobbyist to advocate for legislation that would be beneficial to its members. A labour union might also hire a lobbyist to fight for workers’ rights and benefits or a community group to advocate for improved infrastructure or services in their community. However, lobbying is not always seen in a positive light in Nigeria. Some believe it is a form of corruption and gives undue influence to special interests. Despite the controversy, lobbying is a common practice and plays an important role in shaping public policy.

    The NC, responsible for the regulation of imports and exports, plays a vital role in the Nigerian economy, generating billions of Naira in revenue each year. However, the NCS has been criticised for its inefficiency in these mandates and abuse of power by the personnel. Under the watch of Adeniyi, the NCS has embarked on several reforms and initiatives aimed at improving its efficiency and effectiveness.

    In the past, the CG was appointed outside the workforce,  a mater that raised eyebrows. Notably, the tenure of the immediate past helmsman, Hameed Ali, a retired military officer appointed by former President Buhari created significant unease due to his refusal to wear the Customs regalia. Another important deviation from the norm was the appointment of Shehu Ahmadu Musa in 1978, transitioning from the Ministry of Health, a move that echoed outside the career trajectory of the NCS.

    In response to these deviations, a transformative strategy was implemented through the Customs Act. The Act stipulated a fundamental change in the appointment criteria for the CG position. The new regulation directed that the President would appoint the CG from within the career-serving officers of the NCS, ensuring the candidate holds a rank not lower than that of an Assistant Comptroller General (ACG). Adeniyi emerged as a central figure in this narrative.

    After his appointment, his professional colleagues in PR, the media and other stakeholders engaged in a protracted lobbying strategy, through subtle advocacy, to position Adeniyi within the framework of the Act. Good leadership and active engagements with other key players and monumental accomplishments within a few months provided the testament that paid off in the confirmation of his appointment as the 14th indigenous CG of Customs and the 31st since its establishment in 1891.

    The elevation of Adeniyi marked the first career-serving officer benefiting directly from the altered Act. This historical change heralded not just the appointment of a new leader but signified the onset of a transformation in the appointment procedures, advocating for internal career progression and expertise within the NCS.

    Meanwhile, despite the allocation of N14.2 billion in the 2023 budget for the construction of a specialised Nigerian Customs Academy/Training School, the funds have yet to be disbursed. Amidst this budgetary impasse, the NCS undertook significant efforts to reinforce its training and development initiatives. The graduation of 50 officers from the Customs Command and Staff College in Gwagwalada marked a crucial step.

    The lobbying for the project bore fruit when Senator Umar Shehu Buba and 16 colleagues sponsored a motion urging the Federal Government to utilise the N14.2 billion for the school in Bauchi State. The intervention proves the academy would provide quality training aligned with international standards and forestall unprofessional conduct among personnel. The strategies implemented and Senate’s adoption of the motion is another win for lobbying for a good course.

    • Kabir Abdulsalam is a senior staff writer with Spokesperson’s Digest
  • Exness breaks world record with $4tr trading benchmark- Oluwatosin Olusanmi, Commercial Director

    Exness breaks world record with $4tr trading benchmark- Oluwatosin Olusanmi, Commercial Director

    In the online trading world, Exness has become a very trusted brand in Nigeria in the past few years. Are you confident you can respond to the growing needs of Nigerian traders through your services and products?

    EXNESS has been providing online trading services for the past 15 years. Today, we are the world’s largest retail market maker, recording over $4 trillion in monthly trading volume and counting over 600,000 clients. These are numbers never before seen in our industry and are testament to our world-class stature and expertise.

    We have achieved global expansion in Africa and beyond, with offices located all over the world including South Africa, Kenya, UK, Curacao, Cyprus and Seychelles. On this side of the world, we are licensed by the FSCA in South Africa, the CMA in Kenya, and the FSA in Seychelles, and the Exness Group holds other reputable global licenses like those of the FCA and CySEC.

    Are we confident that we can respond to the growing needs of Nigerian traders? 

    Absolutely. EXNESS offers CFD trading in FX, commodities such as gold and oil, indices and stocks. Our product offering reflects superior pricing and execution, which come from our deep pools of liquidity, and algorithms built by our team of hundreds of quant mathematicians and data scientists. We offer seamless withdrawals which place money in the hands of traders in mere seconds, and the trading experience we offer is augmented by advanced trading tools and protective features to tackle volatile markets. With local Support teams, we are also prepared to be at the side of traders in Nigeria, around the clock.

    What steps do you take to ensure the security of your clients’ funds and what risk management tools do you offer for traders?

    Undeniably, trading comes with its fair share of risks, and losses can be experienced just as much as profits. What we do at Exness is ensure that you will never ever lose more than you invested. We offer negative balance protection, which, as its name suggests, brings your balance to zero if you are to lose more than your invested funds, as opposed to a position of debt. Furthermore, we keep client funds segregated from company funds and as mentioned earlier, are the first and still one of the only brokers to offer seamless withdrawals. On the trading side of things, we offer enhanced protection tools like price gap protection and stop-out protection.

    Which products and services will you be focusing on in Nigeria and what do you believe gives you a market advantage?

    The full range of our product offering is available to Nigerian investors, from FX and commodities to stocks and indices. On this side of the world, gold and oil are some of our most traded financial instruments, so we believe they will be key in driving local operations. 

    Regarding the market advantage, it will always be our trading conditions. We keep spreads low even in times of high volatility, client orders are executed in milliseconds and occurrences like slippage are extremely rare. We offer swap-free accounts for everyone, seamless withdrawals and a trading environment which is generally free of friction. As a result, our brand is associated with reliability, transparency, and superior pricing and execution.

    Exness has broken all previous records – its own and those of the industry – with its most recent trading volume results. August 2023 saw a monthly figure of $4.5 trillion in transaction volume. What drives these consistently impressive results?

    EXNESS is the first broker in the world to break the $1, $2, $3 and $4 trillion trading volume benchmarks. Behind these noteworthy milestones is the exponential growth we have experienced in the past few years. Having expanded our global footprint across SSA, MENA, LATAM and Asia, we are in a position where we have over 600,000 traders worldwide driving trading volume up, especially across FX majors and commodities. Our clients enjoy superb pricing and execution in all kinds of financial markets, and benefit from the frictionless trading environment we offer; these are the key drivers of our consistently impressive results.

    What is your long-term vision as a brand, both globally and locally?

    For the future, we aim to not only maintain our status as the largest and most trusted broker in our industry, but to continue setting unparalleled standards in all areas, be it trading conditions, customer support, or breaking new records in trading volume and active clients. We also aspire to broaden our global presence through securing new licenses and establishing additional offices. When it comes to product development, we are committed to harnessing data science and algorithmic models to enhance our trading platforms and conditions. Our foundational vision has always been, and will continue to be, providing superior pricing and execution for traders globally, within a near-perfect trading environment. 

    Visit  EXNESS  for more information.