Tag: dollars

  • Breaking News: Nigerians Now Approved to Earn in Dollars from 2025

    Breaking News: Nigerians Now Approved to Earn in Dollars from 2025

    A major policy shift in 2025 has cleared the way for Nigerians to officially earn in US Dollars through approved online and digital channels. For millions of citizens seeking new ways to navigate a tough economy, this development could not have come at a better time.

    While social media has been awash with all kinds of “dollar earning opportunities,” many of them questionable at best, industry insiders are now pointing to one sector that has stood the test of time: premium domain names.

    The Discovery of a Hidden Goldmine

    During this research and investigation, we received dozens of calls from Nigerians both at home and abroad asking whether dollar earnings online were truly possible. Skepticism was common. After all, for every success story, there seemed to be five scams.

    But one model kept appearing in our research: Acquiring and profiting from premium domains. At first, it sounded too good to be true. Could a single name on the internet really be worth thousands, even millions of dollars?

    The answer, as global sales records confirm, is a resounding yes.

    • Voice.com sold for $30 million.
    • NFTs.com fetched $15 million.
    • Business.com famously went for $350 million years ago.
    • Chat.com was confirmed at $15.5 million just last year.

    For Nigerians now allowed to earn and withdraw in US Dollars, the timing could not be more perfect. Click here to start

    Bringing Global Opportunities to Local Buyers

    One platform making headlines isSoftbrite, a US based company with more than 11 years of experience in helping clients secure premium domains and guiding them through a profitable resale process.

    Unlike speculative platforms that sell random, low-value names, Softbrite offers curated premium and ultra-premium domains starting from $2,000 and going up to $12,000 or more. Each domain is selected for its resale potential, brandability, and demand in global markets.

    From our extensive and independent research, we can confirm that domains are the internet’s real estate. Just as a property in Victoria Island or Banana Island appreciates, the right digital property gains value as businesses in tier one countries compete for it. The difference is that domains are cheaper to acquire and easier to resell globally.

    Why Nigerians Should Pay Attention

    Dollar Income at a Time of Naira Weakness

    With the naira under constant pressure, earning in USD provides stability. Every resale completed on Softbrite is paid directly in US Dollars, giving Nigerians stronger spending power. A buyer can also specify their earning paid in Naira.

    A Business AI Cannot Replace

    Globally, AI is replacing jobs at an alarming rate. Tech giants have laid off thousands, while entire HR and IT roles are now automated. But one thing remains constant: every company still needs a domain name. AI cannot change that reality.

    No Training, No Referrals, No Schemes

    Unlike MLMs or referral programs, domain reselling doesn’t require recruitment. Nor does it need specialized training. As a potential client, you simply acquire a premium name, and Softbrite’s team in El-Paso, Texas, manages the resale until profits are realized. Click here to start

    Real Proof of Profitability

    Clients we spoke to confirmed that profits are not hypothetical. One Nigerian buyer reported acquiring a domain for about $2,000 and reselling it for $29,000, calling the profit “unbelievable.” Another said his single domain resale brought in over $42,000, money paid directly to his account in USD.

    Is Softbrite legitimate?

    Yes Softbrite.com is considered a legitimate and trusted platform that allows individuals buy premium domains for cheap at their discount marketplace, they have a dedicated reselling team helping those buyers resell the domains for profit. 

    Verified Testimonials from Nigerians.

    • Abidemi(Manchester, UK): “I was skeptical, but my brother in Atlanta encouraged me. I bought a domain for , and the payout was more than 10 times the acquisition cost.”
    • Ikenna (Owerri, Nigeria): “I never trusted anything online. My wife convinced me. Today I’ve made over $22,000 from just one domain. I now see domains as real business opportunity.”
    • Ejembi (Otukpo, Nigeria): “As a risk taker and owner of a startup, I got a premium domain for $3500, after series of negotiations with the final buyer, it was sold for $43,000 as I could not wait any longer, the entire process took 3 months and 12 days. I will acquire more before the end of the year”
    • Olalekan (Ontario, Canada): “At first, I laughed at the idea of buying names. After research, I realized companies spend millions just for a domain name, it sounded unbelievable till the domain I acquired for $4000 by end of June sold by early September for $51,350.  Some businesses are truly meant for the smart, now I understand why they say the rich will always become richer. They are risk takes who take decisions without fear.”
    • Effiom (Lekki, Lagos): “I didn’t want this secret exposed, but it works. I’ve sold enough domains to fly business class with my family. That says it all.”

    How Softbrite Works

    The process is straightforward:

    1. Select a Domain, Buyers choose from Softbrite’s curated catalog of premium domains, priced from $2,000 upward.
    2. Purchase Securely, Payments are made via valid bank transfer or credit/debit card.
    3. Resale Strategy Softbrite’s team prepares the domain for global exposure.
    4. Negotiations Managed  Buyer inquiries and negotiations are handled professionally by a dedicated team based in the United States.
    5. Profit in USD – Once sold, the client receives payout in US Dollars.
    6. Softbrite charge 28% as soon as the domain is sold, that’s their own commission.  Click here to start

    How Long Does It Take to Sell a Domain?

    Resale timelines vary. Some domains sell within weeks, others within months. But clients confirm the process is transparent, with updates on offers and negotiations. Importantly, premium domains rarely lose value, making them low-risk, high-upside.

    Who Buys These Domains?

    Demand is strongest in the US, UK, Germany, UAE, France, Canada and other economies with thousands of new businesses launching daily. Research shows:

    • 95% of new businesses require a domain.
    • 40% will upgrade to a premium name for credibility.

    This demand ensures smart Nigerian buyers holding strong names through Softbrite are always connected to a global market for quick resale.

    Our conclusion

    After a detailed investigation, it is clear that domain reselling is not only legitimate but highly profitable. With Nigerians now officially approved to earn in US Dollars, platforms like Softbrite provide a safe and transparent way to profit immensely.

    For those looking for an alternative income stream that:

    • Pays in USD,
    • Requires no referrals,
    • Cannot be replaced by AI, and
    • Offers profits ranging from thousands to tens of thousands of dollars

    Premium domains through Softbrite.com are worth serious consideration.

    “This is not a side hustle it’s a doorway into the global digital economy,” a Softbrite beneficiary concluded. “The best time to secure your domain is today. Tomorrow, someone else may already own it.” Click here to start

  • Breaking News: Nigerians are now approved to earn in dollars in 2025

    Breaking News: Nigerians are now approved to earn in dollars in 2025

    The year is coming to an end, Tunji my close friend screamed on the phone, “Guess what!!! I have not really achieved anything of significance” he shouted again.  While still complaining he insisted that there are some people who earn in US Dollars legitimately online. Yes, we all hear of so many that ended up being scam, I cautioned.

    As a writer and investigative reporter, I am inundated with calls, messages to help carry out detailed research on various businesses, our goal is to simply ensure that Nigerians in Nigeria and those in diaspora have their hard-earned funds protected from these questionable and ‘scammy’ business opportunities.

    In the quest to uncover the truth about making money online in dollars, we decided to carry out detailed research on various business models, one that particularly caught our attention was the idea of buying domain names and making profit from it. The profit margin we heard sounded too good to be true, so we assumed. In my wildest dreams, I never realized that domain names had so much value.  Click here to signup

    Last month, icon. com was sold for $12million dollars, it sounded unbelievable till I heard that business.com domain was sold for $350 million dollars some years ago, voice.com was sold for $30million dollars. We got more interested in the business of domains and decided to dig further, the goal is to expose Nigerians to business opportunities that are legitimate, stable and financially rewarding. 

    Can Nigerians make money with Domain names

    Yes, there is no question about that fact, Nigerians resident here and those in diaspora can make a lot of money with domain names. The idea is to buy these domains for low and have it resold for significant profit. The major problem many encounters is how to find quality domains that will end up being profitable, not all domains will sell for millions of dollars.

    One of such companies that offer quality domains that end up being profitable is Galins.com, they allow their customers acquire domains for as low as $3700 and have it resold for as much as $78,000.

    Is Galins legitimate?

    As part of our investigation and research, we decided to independently reach out to many clients who have done business with the company to know what their REAL experiences are. One thing is clear, the business model of Galins is legitimate, trustworthy and extremely profitable. Click here to signup

    How much do the domains cost?

    The domains come in packages with different prices, however based on our findings, we figured out that those that did well got the package called the FAST PRO BUNDLE, the cost is $3715. Most of them earned high amounts within a reasonable time frame. As a reputable business entity that we are, we strongly recommend this package.

    Why we are talking about business opportunities.

    The economy of most countries is really facing tough times including Nigeria, workers are being laid off and replaced with AI, just last week Microsoft announced it will be letting go of over 6000 employees and replacing them with AI. This trend is happening with speed and without notice at so many companies, employee roles have now been made redundant and replaced with AI agents.   A few years ago, we would never have assumed that a company entire HR or IT team will be managed by AI, today we see so many roles gradually taken over by AI.

    To become immune from all these, you need a sustainable business that AI cannot just replace, one of such is buying and profiting from domains. Companies all over the world will always need domains, so long as there are websites the demand for domains will always be there.  We have confirmed that as a Nigerian, you can acquire a domain for as low as $3715 and have it resold for as much as $75,000.

    Quick Note: This Company charges between 5% and 20% depending on the package you select, this happens the moment your domains are sold. Click here to signup

    How long does it take domains to sell?

    From our research, it can take anywhere from days to weeks and even months, the individuals that have benefitted gave various time frame, one thing that many of them attested to, was the transparency and professionalism they experienced when dealing with the company.

    Who will sell the domains?

    As a client of the company, you have no business with the sales of the domains, they have a dedicated team that help with the reselling of these domains, you could opt for the self service or managed service, the reality is that you have a transparent platform where you see real time negotiations of how things work.

    Who are the buyers of these domains?

    In the US and other top tier countries, there is an ever increasing demand for domain names, every day, new businesses are registered, this means 95% of them will require a domain name, another 40% will require a premium name, that’s where you come in, you simply sell these premium names that you got ahead of the business to them at a premium, keep in mind you got it for cheap and will be selling at super high rates.

    Testimonials of successful clients

    In our desire to ensure that our readers do not fall victim to companies with unethical business practices, we went ahead to reach out to clients who have actually sold their domains and profited.

    Inumidun, Manchester, UK

    She claimed she was very skeptical at the initial stage, she worried so much about losing her funds. Her brother in Atlanta GA, encouraged her to try it out, she went for a package that had 3 domains, she excitedly stated that just one of them have sold but the amount it was sold for was more than 4 times the cost of the package, she refused to disclose the exact amount.

    Ikenna, Owerri, Nigeria

    In his case, he kept screaming Unbelievable more than 4 times, he never believed in anything online, he says he believes business transactions should be physical, “I see my goods, I pay, and I take it with me, which one is domain or online” He took the risk based on the advise of his wife who works at the bank, she convinced him that in this day and age, people make money in Dollars online. The profit he got from the business according to him has exceeded $42,000

    Read Also: 10 legit ways to earn dollars in Nigeria

    Adoyi, Otukpo Nigeria

    We will describe him as a man of few words, “I went for the Fast Pro Package based on the recommendation of my account manager, just one of them have sold, I am more than happy with the outcome”  He informed us that he will acquire 2 more packages for his wife and Son.

    Husseini, Borno, Nigeria 

    He bought the Vantage Bundle and made significant profit within 2 months, he chose not to disclose how much. He is a retired civil servant who is also into farming. He is grateful for the outcome; he just purchased the Fast Pro Bundle a week ago, and he is hopeful for a favorable outcome.

    Olorunfemi, Brampton, Canada

    “As a smart and intelligent person, this business model did not make any sense to me, how could someone spend this much on domain names”, he questioned.  “After doing my research on Google about domain flipping, I was more than shocked, so all these companies spend so much in domain names.”  In his case, he informed us that he has earned more than his annual salary on just one package. He has just acquired 2 Fast pro bundles.

    Chinwuba, Lekki, Lagos

    He was not so excited when we reached out to him as he feels the business of domain flipping should not be exposed to everyone; he believes it will be saturated when too many Nigerians are involved. We asked how much he has made from the business; he would not disclose, but confirmed that he confidently flew business class on British Airways with his wife and 2 kids courtesy of the domains he sold on Galins.

    Our verdict:

    As a reputable organization whose focus is to provide our audience with authentic information, we have reviewed galins.com and can confirm that after extensive investigative work and detailed research, we can confidently recommend Galins domain flipping platform as a genuine and transparent platform.

    Click here to signup

  • 10 legit ways to earn dollars in Nigeria

    10 legit ways to earn dollars in Nigeria

    Freelancing offers a flexible way to earn dollars while living in Nigeria. By offering services like content writing, graphic design, digital marketing, or programming on platforms like Upwork, Fiverr, or Freelancer, you can leverage your skills to attract global clients and get paid in dollars.

    These opportunities require dedication, hard work and sometimes initial setup. However, they can potentially generate a steady income in dollars while living in Nigeria.

    Below are 10 ways to earn in Dollars living in Nigeria:

    1. Freelancing: Offer services like content writing, graphic design, digital marketing, or programming on platforms like Upwork, Fiverr, or Freelancer. Create a profile, showcase your skills, and bid on projects.

    2. Online Tutoring: Teach English, mathematics, or other subjects to students abroad via platforms like VIPKid, Teachers Pay Teachers, or Chegg. You can also use video conferencing tools to conduct private lessons.

    3. Affiliate Marketing: Promote products or services and earn commissions in dollars through affiliate programs like Amazon Associates, Commission Junction, or ShareASale. Share unique referral links on social media, blogs, or email marketing.

    4. Selling Digital Products: Create and sell digital products, such as ebooks, courses, software, or graphics, on platforms like Gumroad, Sellfy, or Etsy. Utilize online marketing strategies to reach potential customers.

    5. Remote Work: Look for remote job opportunities with companies that pay in dollars, such as customer support, data entry, virtual assistance, or software development. Websites like (link unavailable), We Work Remotely, or FlexJobs can help you find these opportunities.

    6. Online Surveys: Participate in online surveys through websites like Swagbucks, Survey Junkie, or Vindale Research, which offer dollar rewards for completing surveys, watching videos, or shopping online.

    7. Dropshipping: Start an online store without holding any inventory by partnering with a supplier that ships products directly to customers. Platforms like Shopify, WooCommerce, or Oberlo can help you set up a dropshipping business.

    Read Also: My American passport worth more than a million dollars – Davido

    8. Creating and Selling Online Courses: Share your expertise and create courses on platforms like Udemy, Teachable, or Skillshare. You can create courses on various topics, from programming to creative skills.

    9. Transcription services: Offer transcription services for podcasts, videos, or interviews, and get paid in dollars through platforms like TranscribeMe, Rev, or GoTranscript.

    10. Content Creation: Monetise your content on YouTube, TikTok, or blogs through ads, sponsorships, or affiliate marketing. Build a large following, create engaging content, and utilize monetization strategies to earn dollars.

  • Approved: Nigerians can now work and earn in Dollars

    Approved: Nigerians can now work and earn in Dollars

    As we draw closer to the end of 2024, we are compelled as a reputable business to remind Nigerians of one very important fact; the economy becomes tougher by the day, only the well prepared and smart can make it through 2025 and beyond.

    Prices of goods and services have gone so high largely beyond the reach of the average Nigerian, hardly do you find that beautiful smile on the faces of Nigerians, everything appears gloomy. From feeding to transportation to healthcare and many others, it is tough for majority.

    Despite all these challenges, there is hope for Nigerians in Nigeria and those living in diaspora, when we say hope, we mean it. We will explain to our readers today on how you can work and earn US Dollars legitimately from the comfort of your home, as we are all aware, earning US Dollars appears to be a strong and viable option for anyone at this time.

    Can Nigerians really earn dollars legitimately?

    We are a trusted source for providing legitimate information, our goal is to educate the general public with authentic, unbiased and professional information that allows readers to make educated and informed decisions.

     One of such business models is the business of premium domains, this business model allows you to acquire domains for as low as $1500-$5000 and resell for as much as $45,000-$150,000. The profit margin is amazingly unbelievable, the reality is that lots of people from Nigeria and diaspora are profiting immensely from the business model.  With the current exchange rate, $45,000 is now about ₦78million. Click here to get started

    What is the business all about?

    Every month in the USA, over 600,000 new businesses are set up, almost all these businesses require a website, in other words, they require a domain name to function as a business. The business owners are willing to pay thousands of dollars and even millions in some cases just to acquire a premium name.

    That’s where you as a smart person come in, you acquire these names for as low as $2000 at the discount club and list it out for sale for as much as $60,000.

    This is a business that many have profited from and built empires.

    Are there domains that have been sold in the past with evidence?

    Yes there are, in their millions, we have listed a few that can be verified on Google

    Voice.com      $30 million   

    360.com         $17 million   

    Chat.com       $15.5 million

    NFTs.com      $15 million   

    Rocket.com   $14 million   

    Sex.com         $13 million   

    AI.com            $11 million    

    Tesla.com      $11 million    

    Hotels.com    $11 million    

    Connect.com            $10 million   

    As you can see, this is what companies, and some individuals are willing to pay for premium domain names.

    Why are we recommending this business?

    The question on many lips of many is, when will the Nigerian economy improve so we can all start enjoying the “dividends of the economic reforms”. The sad reality is that no one can tell if it will ever happen, one thing we are sure of is that those that are bold, courageous and determined to succeed will make it regardless. The profit margin on the buying and selling of premium domains is way too high to ignore.

    Is it worth spending $3000 on a premium domain?

    Yes it is, the returns are worth it, most clients purchase domains worth as much as $10,000 since they have absolute confidence in the business model. It is recommended that you acquire 2 or more premium domain names for a start, an account manager is available to make best recommendations.

    As stated previously, we are a reputable business that only recommend business models that work and absolutely profitable.

    Testimonials of happy clients

    As stated previously, we have one goal, to educate and expose Nigerians to a world of opportunities that will ensure financial success and liberation. Our team went out there to find out from the many successful ones, below are a few testimonials.

    I have been involved in many businesses, but I have not seen any like this, I acquired a premium domain in July for $3000, of course I was skeptical, but as a risk taker, I tried it. Last month October, my domain was sold for $53,000, I was shocked and amazed when I got the call from the backend team in California. I can say one thing, the business model is legitimate and transparent.

    John Audu, Abuja.

    One question I asked myself was why I did not know about this business years ago, I bought 2 domains from them in June and July, I spent a total of $5700, I have only sold one for $43,000, waiting for the second one to be sold, I am happy with the outcome, I could never imagine such money can be made with domain names

    Femi, Ibadan.

    I relocated to UK early this year, I heard about the business before I left but never gave it a thought while in Nigeria, I got here and discovered things were not as I expected. I acquired a premium domain for $3000 back in April, they sold it for $62,750 in September, I was initially worried because I expected the sale to happen almost immediately, but I am pleased with the entire process, one thing I enjoyed during the entire process was transparency and clear communication. I recommend their services, any day, any time.

    Caleb Adejo, Birmingham.  

    I work in the banking sector, I have heard people make money online but they all seemed too good to be true, I do thorough analysis before any business venture. I was convinced about this based on the many reviews specifically from a colleague that relocated to the USA. I acquired a premium domain for $2500, it took them over 4 months to sell it, at the end the profit I saw exceeded all I have earned since I joined the bank, I cant stop thanking the almighty God.

    Yetunde, Lagos.

    Who will sell my premium domains?

    That’s the job of the backend team of the discount club, there is a dedicated team based in California whose primary responsibility is to ensure that the domains you purchased are sold quickly, from our research and interview with many successful clients, domains you acquire can be sold in weeks, a few months and even longer, you can always ask for recommendation of domains that will not necessarily tie down your funds from the account managers. Click here to get started

    Can I decide how much the domain will be sold for?

    Ok let’s make it simple, as soon as you acquire a premium domain from the discount club, an admin dashboard will be instantly created for you, in your admin, you will have the opportunity to decide how much you like your new domain sold for, the bank account you wish your profit paid into. In other words, you could acquire a premium domain for as low as $3000 and set it to be sold for as much $80,000; your dedicated account manager can advise on how to set proper pricing with your new domain. Be sure to go with the expert recommendation of your account manager.

    When will my domains sell?

    The goal of anyone acquiring a premium domain name at the discount club is to have it resold as quickly as possible, as mentioned above one of the primary responsibilities of the backend team is to have it quickly sold. The reality is that these premium domains are sold on a daily basis; we see domains acquired and resold in one week, two weeks, and even months. Some clients even want it to remain for years so it can appreciate significantly in value.

    Is this meant for Nigerians alone?

    No it is not, as a matter of fact, this is a business model available to anyone around the world, there are people from UK, Canada, Australia, Ireland, South Africa, Qatar, Saudi Arabia, Oman, Germany, France and many more. From available statistics, many successful ones are Nigerians especially those in diaspora.

    Who are those doing this?

    The people involved in this business are Nigerians from various walks of life; Doctors, farmers, IT consultants, teachers, bankers, engineers, retirees, entrepreneurs, marketers, business executives, lawyers, real estate agents, students, traders, and even stay-at-home parents. Whether you’re a teacher looking to make extra income, a banker seeking an additional revenue stream, or a retiree wanting to secure financial independence, buying and selling premium domains offers a lucrative opportunity.

    People in every profession, from tech-savvy individuals to those in traditional sectors, are making it work.

    The beauty of this business is that it’s accessible to anyone who is ready to learn and take the leap, regardless of their primary career or experience level.

    How can I start?

    The first step is to sign up for an account; you should be approved and granted access within 3-5 business days. A dedicated account manager will be assigned to you to help you every step of the way. The primary goal of the account manager is to recommend fast selling domain names. Click here to start now!

  • Yuan strengthens 7.0982 pips against dollar

    Yuan strengthens 7.0982 pips against dollar

    The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 292 pips to 7.0982 against the dollar on Monday.

    This is according to the China Foreign Exchange Trade System.

    Read Also: Yuan weakens to 7. 122 against dollar

    The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers, before the opening of the interbank market each business day.

    In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

    (Xinhua/NAN) 

  • No craze for dollars

    No craze for dollars

    I accompanied a colleague to the GCB, a bank here in Accra, before going to the University of Ghana Sports Complex to cover some events at the ongoing 13th  African Games.

    The mission of this colleague of mine was to collect some dollars sent to him from Jordan.

    The first shocker he received was that it will take a very long process for him to access since he doesn’t have a Ghanaian card, equivalent of the national I.D card in Nigeria.

    I have received a few dollars myself in Nigeria and the process was very fast as I didn’t  spend more than 15 minutes on each occasion.

    For this process in Ghana, my colleague and I had to patiently wait and when he wanted to create a scene, I warned him that a man looking for money must eat the humble pie to get the cash first and foremost into his pockets.

    Read Also: Tinubu writes House, seeks repeal, re-enactment of Student Loan Bill

    For me, I don’t waste any opportunity as I made use of the comfortable environment to start writing these tit-bits.

    When eventually my colleague was cleared to collect his dollars, he got another shocker from the cashier who was attending to him.

    Alas! They don’t pay in dollars in Ghana. The cashier simply calculated the equivalent in Cedis and handed the cash to my colleague who was already salivating about how much he will make in naira by the time he returns to Nigeria.

  • Nigerians save money in dollars, say BDCs

    Nigerians save money in dollars, say BDCs

    Bureau De Change (BDC) operators have said due to the depreciation in the value of the naira, some Nigerians are keeping their savings in the United States dollars.

    Speaking to our correspondent, the National President, Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, stated that there was the need for the forex market to be liquid for the trend to stop.

    According to him, the $2.2billion released by the African Import Export Bank (Afrexim bank) is not enough to stimulate the market.

    “For now, it’s a difficult situation, which is also creating panic in the market because the value of the naira is eroding and because of that, a lot of people prefer to keep their savings in dollars,” he said.

    On the $2.2billion crude oil prepayment facility, Gwadabe said: “The $2.2billion Afrexim bank crude prepayment facility is a welcome development but I don’t think it’s enough to stimulate the market considering the situation because if we put $2.2billion into the market, we have been seeing demand in the I&E window alone ranging from $150million to $250million daily so, in 10 days, the $2.2billion will be exhausted. Speculators will speculate and we will run it out between 10 to 15 days.”

    He, however, called for paradigm shift in the supply of dollar into the FX market. “We need to have a paradigm shift in terms of supply. It’s very important and should be immediate. We have been talking about diaspora remittances and, as at last year, we recorded over $20billion.

    Read Also: Securitisation: Transforming Ways and Means for Fiscal Appropriation

    Corroborating Gwadabe, a financial analyst, Ayokunle Olubunmi, said Nigerians are buying and keeping their earnings in foreign exchange  to meet future financial obligations.

    He said: “It’s a no brainer. Let’s think about it if you look at the trend of the naira this year alone, there will be devaluation and if we look at the level of devaluation so far and people who have dollar needs in the couple of months or years, for instance, may be buying and keeping it.

    “For instance, anyone going on vacation in August, it will be very profitable for the person to borrow money now to buy dollar and keep it till he needs it. He may even be paying interest on it. I am telling you the thinking of Nigeria.

    “I even know someone that his child will be schooling abroad in the next five years and the person is buying dollars and keeping them as he’s getting the money little by little for the obligations he wants to meet in the future,” Olubunmi stated.

  • Salary in Naira or Dollars, Nigerians can now decide how they like to get paid

    Salary in Naira or Dollars, Nigerians can now decide how they like to get paid

    The current economic situation requires that everyone begin to look for alternative sources of income. As people would say, the economy is not smiling. Prices of goods and services have gone so high that it has become increasingly difficult for the average person to survive the harsh economic realities.

    As a reputable organization, we carried out an extensive research on various businesses that individuals can engage in. In the course of our research, we figured out that there are a few legitimate and financially rewarding businesses that you can engage in. One thing that caught our attention is the fact that you can live in Nigeria and also earn in US Dollars, this is also some good news for those in diaspora.

    One of such business is premium domains. This business model have changed lives significantly, Nigerians can now work from home and earn in US Dollars.

    What are premium domains and who needs them

    Thousands of individuals and businesses in countries like USA, Canada, Australia, UK, Germany, Ireland and others register new businesses or rebrand on a daily basis, these businesses are always looking for catchy, brandable, short, easy to pronounce, easy to remember names, these domain names are not the regular names. They are called premium based on the above characteristics, one more thing that distinguishes them from regular names is the cost, they are super expensive. Click here to start

    How do Nigerians make money from this?

    While the businesses described above are willing to pay thousands (in many cases millions) of dollars to acquire these names, you on the other hand join a domain discount club where these names are sold for ridiculously low rates. For instance, you acquire the names for as low as $1500- $4000, you immediately offer it for sale to the businesses that we just described above for as much as $20,000-$100,000 depending on the value of the name and demand in the global market.

    Examples of domains that were acquired and sold at the global market.

    The domains you see below were all acquired at the discount club for cheap, the profit margin is ridiculously high.

    As an organization that strives for truth, honesty and transparency at all times, we can confirm that premium domain business is indeed legitimate business that can allow anyone to earn in US Dollars.

    Interview with current and previous clients.

    Many individuals we reached out to are super excited after having their domains sold in the global market.

    Olorunfemi from Ibadan acquired a premium domain for $2000 in November 2022, he got it resold using the backend sales team at the discount club for $21,000, he confirmed it was sold in April 2023. He has since purchased more and turned it into a full time business.

    Mfon Edet from Lagos acquired a premium domain for $3000 in May 2023; it was resold by the backend team for $32,800 in September 2023, Mfon insists that she has never experienced profit margin of this magnitude since she ventured into trading business 8 years ago, she confirmed she has purchased more domains. She claims 80% of the domains she acquired have been sold by the backend team while 20% are in the market awaiting a buyer.

    Onehi Adole, from Benue is filled with so much excitement as his case is one of those rare cases, he acquired a premium domain on his birthday July 3rd 2023 for $1500, a buyer paid for the domain August 9th 2023 for $17500.

    Abiola Olorunrinu, from Abuja acquired a premium domain for $2000 in February, he is happy it got sold for a very reasonable amount in August 2023, he would not disclose the amount it was sold for but he insists he is more than satisfied and even purchased more.

    Ijeoma Eze lives in Europe, she acquired a premium domain for $2000, it got sold for $21,000, she did not give dates but happy with the overall outcome.

    Kwesi Mensah from Accra acquired a domain for $1500 in August 2023; it was sold for $18,500 by October 29th 2023.

    Nwabuchi relocated to Canada in January 2023, acquired a premium domain for $2500, he complained about the delay, his domain eventually sold after 7 months due to his insistence of nothing less than $20,000 for the sale price. He specifically stated that he is more than happy with the final outcome but did not disclose the amount it was sold for.

    Ahanna who preferred not to give out his last name, says he’s a spare parts dealer at Ladipo, he purchased his domain for $2000 in June and he was full of praise and excitement when he spoke with us that the domain was resold for $16,300 some weeks later.

    How to start:

    The process is pretty easy, click here to sign up, approval takes about 3-5 business days, reach out to any of the account managers for fast selling names as soon as you gain access to the portal.

    Who is responsible for reselling the domain?

    At Travads discount club, there is a dedicated backend team responsible for the entire sales process; they are involved with negotiations with the final end users we mentioned above. In other words, at no point will you be involved with selling, all that is done for you since you are a member of the discount club of Travads.  

    How soon will the premium domains sell?

    That’s one question we tried to ask all those we interviewed, it varies from person to person, per the domain name, valuation and others. The team at Travads.com insists that you must go with their recommendation when it comes to selecting premium domain names for purchase. Some domains sell within days, some could take weeks while some others can take months to be sold to the final end user. The fact remains that every premium domain will be sold at the global market. It is strongly recommended you speak or chat via WhatsApp with an account manager to recommend a fast selling name before making a purchase. Click here to start

    What could cause the delays?

    Some clients decide never to sell their domains for cheap as experienced by Muktar Garuba from Abuja, he acquired a domain for $2,000 in February 2022, he got many offers even as for as high as $21,000, he refused to sell it because he got info from the backend team that a new AI startup from California had a similar name but it was .net extension, brokers, investors, company reps persuaded that it should be sold for $25k, Muktar based on the advice of the backend team refused. The AI startup eventually agreed to a final purchase price of $73,500 in October 2023. From our research, one of the reasons for the delay in sales of premium domains is from clients that want maximum profit which is quite understandable.

    Read Also: ‘We started Afrobeats but Nigerian artists charge in dollars to perform’ – Do2dtun

    Is there a physical office?

    Yes, they have a physical office location in United States and many other countries including Lagos, Nigeria, majority of those we reached out insist they have never visited the office as all transactions were carried out online satisfactorily. As soon as you acquire a premium domain, a dedicated backend portal is created for you to view the progress of your domain. Click here to start

    Why premium domains are currently in high demand

    As new businesses spring up in various advanced countries especially in the United States, there is an increased demand for catchy and brandable names; these startups are always willing to pay incredibly high amounts for these names. Due to demand, retail prices of these names from the discount club are likely to go up soon.

    Travads domain discount club have been independently reviewed by those who have done business with them, click here to read honest and transparent reviews of paid customers of Travads.

    On a final note, we like to encourage everyone interested in earning extra income (in US Dollars) to take advantage of premium domains, it has proven beyond all doubts to be a reliable and stable source of income for so many individuals within Nigeria and those in diaspora. Feel free to reach out to the team at Travads. You are surely in good hands.

  • Naira gains as politicians pump ‘election dollars’ into economy

    The naira has been firming up in the last few days as politicians pumped stockpiled dollars into the economy for campaigns, The Nation has learnt.

    The naira, which exchanging at N361 to dollar early last week, firmed at N357 in the parallel market at the weekend, as politicians flooded the market with  the greenback. Major political parties have been conducting their governorship primaries.

    Speaking on the development, President, Association of Bureaux De Change Operators of Nigeria (ABCON) President Aminu Gwadabe said “several customers were seen at the weekend, flooding the market with dollars possibly for primary elections and screening across party lines”.

    He said the Bureau de Change (BDC) operators were taking advantage of the development to earn commissions from naira exchanges for the dollars, adding that the naira has made considerable gains in the last few days.

    The primary season and pre-election spending have been building up since the beginning of September and will continue till early next year when elections will take place.

    Other analysts said the naira was fast appreciating following renewed confidence and increase in dollar supply in the parallel market.

    Also, the Central Bank of Nigeria (CBN) has consistently warned that the economy faces inflation and financial stability risks over the short-to medium-term if expected huge election spending is not checked.

    CBN Deputy Governor (Corporate Services) Adamu Edward Lamtek explained in his personal statement at the Monetary Policy  Committee  (MPC)  meeting released by the CBN that confidence in the economy was building as the naira exchange rate continues to be   stable and the premium between the bureau de change  and interbank market segments  narrows.

    “The parallel market premium continues to shrink as legitimate foreign exchange transactions migrate  to  the  formal market.   It does,  therefore, appear that the bold reforms of the Central Bank on forex  policy  and in the  foreign  exchange  market  in  2016  and  2017  are paying  off.  It  is  gratifying  that  the  benefits  of  these  reforms  have  stretched beyond the stability of the naira exchange rate,” he said.

    Lamtek said some manufacturing outfits had  resorted  to  using  locally  available  alternatives  as  raw  materials,  just  as interest in domestic production of certain classes of food, such as rice and tomato products, is growing. Likewise, capital market indicators have trended upward partly in response  to positive market sentiments occasioned by the gradual improvement in the macro-economy.

    According to him, rising  yields  in  advanced  economies,  following  the  drift  towards policy  normalisation  as  global  inflation  picks  up,  poses  a  significant  risk  to  in-bound  investments.  This  threat  is  mitigated  by  a  stable  naira  exchange  rate and competitive yields locally. For this purpose, we will need positive interest rates,  as  do most emerging markets  and developing economies.

    “This means that inflation needs to moderate further. “Third,  there  is  still  work  to  be  done  to  fully  contain  banking  system  fragilities which increased in the wake of the stagflation in 2015 through 2016. The non-performing loans ratio  continues  to  be  in  excess  of  the  bank’s  desired  level.”

    “Among  other challenges,    banks    have    had    difficulty    with    their    foreign    currency denominated liabilities (loans)   as   the   exchange   rate   moved   against borrowers  as  from  2015.  Therefore,  from  a  financial  stability  standpoint,  any threat  to  the  naira  exchange  rate  stability must  be  viewed  seriously  and promptly addressed to forestall another exchange rate shock,” Lamtek advised.

    He, however, argued that if excess liquidity was allowed to build up, the demand for foreign exchange could shoot up in the second half of 2018 and throw the naira exchange rate out of equilibrium.

    Lamtek said: “Such an adverse scenario must be prevented through a proactive monetary  policy.  This  is  justified  by  the  reality  that  exchange  rate  stability  is critical   to the current recovery in   economic growth and the   gradual disinflation.  Added  to  this  is  that a stable exchange rate  should, in the minimum, prevent further deterioration of  foreign currency denominated assets of the banking system and improve the resilience of the industry.”

    He said these  concerns surely  called  for  a  forward-looking  and  cautious  approach  to policy. “I see the need for greater coordination of monetary and fiscal policies and     continued     engagement of critical stakeholders     to     address misinformation and  better anchor expectations,” he said.

    “In addition, I reckoned that  some of the supportive  administrative  measures  put  in  place since last year by the bank need more time to work their way fully through the economy.  I  am  equally  persuaded  by  the  commitment of the Federal Government to the Economic Recovery and Growth Plan (ERGP), especially in the area of infrastructure development, which continues to be relevant to sustaining and deepening  growth and development of  the  country in the medium to long-term,” he said.

    To Lamtek, the outlook  for  domestic liquidity, based  on  expected  fiscal actions  and  election spending, is worrisome. With an impending  Federal Government budget outlay  of over N8 trillion and deficit  of  about N2 trillion for 2018, the  short-term fiscal outlook appears expansive, he said, adding: “The delay in the passage of the budget could result in substantial injections in the second half of fiscal 2018 in an   attempt to meet planned commitments.”

  • Naira closes at N362 to dollar at parallel market

    The Naira on Wednesday closed at N362 to the dollar, stronger than N363 posted on Monday at the parallel market, the News Agency of Nigeria (NAN) reports.

    The Pound Sterling and the Euro closed at N505 and N442, respectively.

    At the Bureau De Change (BDC) window, the Naira exchanged at N362 to the dollar, while the Pound Sterling and the Euro closed N504 and N436, respectively.

    Trading at the investors’ window saw the Naira close at N360.67, while it closed at the CBN window N305.7.

    Meanwhile, the foreign exchange market witnessed another milestone with the unveiling of BDCs live engine room, www.naijabdcs.com.

    Alhaji Aminu Gwadabe, President, Association of Bureaux De Change Operators of Nigeria (ABCON), said that the engine room would ensure price discovery in the FX market.

    Gwadabe noted that the site would also serve as a rallying point for investors’ and journalists who needed to know the exchange rates across the nation.