Why street trading flourishes in Lagos despite ban

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Kyari said that a ginger master plan was developed to facilitate self-sufficiency and promote exports for foreign exchange earnings. He said that the consortium was expected to set up 1000 agro centres with service providers across the country. The awareness didn’t only boost Abeg but also the PiggyVest platform which paid out over N242 billion to over 3.5 million customers in 2021, said Somto Ifuezue, chief executive officer and co-founder at PiggyVest. Payporte was the major sponsor of the 2017 ‘See Gobe’ and 2018 ‘Double Wahala’ editions of the show. Bet9ja signed a $5 million sponsorship deal to take over as headline sponsor of the 2019 ‘pepper dem edition. Betway followed the trend in the 2020 ‘Lockdown’ edition with a $1.5 million investment.

Trading Justice 576: Market Maelstrom

With complex charting products, versatile expiry times, and lower lowest trades, Wallet Option provides an user-friendly and show-rich trading feel. This is another downside of the technology in trading is the difficulty of detaching yourself from the news and changes. Many traders are glued to their screen (whether laptop, desktop or mobile) for hours and hours.

Trading Justice 470: Moving Averages

In South Africa, traders may access global financial markets in a few taps. With any binary options online platform app, you have only two outcomes. You may also get your money back if the market doesn’t move (go high or low).

Senate approves N1.8trn 2025 FCT Statutory Appropriation Bill

  • As encapsulated is a 21st Century media brand that gives a voice to the totality of Nigerian populace and Africa by extension irrespective of class, ethnicity, religion or background.
  • As the general manager of a foreign bank branch in New York, he secured the first US regulatory approvals of Islamic mortgage and instalment credit/sale as banking instruments.
  • While it may lack a Nigerian financial license, many traders in Nigeria still choose to work with the broker due to its attractive conditions.
  • Many Nigerian traders start on mobile apps, then migrate to MT4 as they get more confident.
  • Another trader who did not want her name mentioned alleged that in addition to ‘settling’ the area boys, they had to pay officials of Kick Against Indiscipline (KAI), now known as Lagos State Environmental Safety Corps, too.
  • For example, I purchased an item from an online platform for $10.17 and was charged the Naira equivalent of N1,619.70 which translates to an exchange rate of N159.2/$1.
  • The European Securities and Markets Authority (ESMA) has banned the sale and marketing of binary options as a trading method for private investors.

Trading is becoming popular over the years and it’s not a surprise that there is endless content on the subject. If you attempt to watch and go over the material, the odds are that you’ll get overwhelmed as you’ll find many conflicting ideas. As already mentioned there are plenty of options out there and do shady activities that might mislead you to lose your money. It’s wise to not make compromises and choose only a trustworthy and reputable broker to open your account with and trade. With the increasing availability of cheap data plans and the ever-growing number of Wi-Fi hotspots, there are many ways to stay connected without breaking the bank.

  • It seems their activities are part of the extended operations of touts that collect levies from commercial bus operators in parks.
  • Take control of your income securely, invest then otherwise withdraw funds if necessary.
  • However, they warned that the mixed sectoral performance and the decline in overall trading volume and value warrant careful observation.
  • He explained that injecting 30,000 metric tonnes, equivalent to 1,000 trucks of 30MT each of this essential staple into Nigeria’s food supply is expected to not only reduce the price of rice but also drive down the cost of other close food substitutes.
  • What started as a small agency with only a handful of customers exploded to incorporate over 10 million registered years in just two years.
  • Stick around, in this comprehensive article, we’re going to talk about how the advancement of technology has shaped trading to its current form.
  • The Nigerian equities market showcased remarkable resilience, commencing the trading week on a decidedly bullish note, propelling the All-Share Index (ASI) to a new historic high of 109,968.48 points.
  • Afterwards, we wait for the expiration date to come, so we can collect our wins or accept our losses.

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During a recent plenary session, the lawmakers took turn to condemn the growing menace of street trading in different parts of the state, including the Alaba and Okokomaiko areas, where gridlocks are often encountered. This view was shared by another trader, identified simply as Ola, who was one of the numerous bread sellers that converge on the Agege Railway line area every evening. Although many of these traders sell their merchandise by the road, the spaces they occupy are not free. For Mama Nkechi, who sells vegetables near the Commercial Avenue end of Oyingbo, every space is paid for at the roadside market.

  • However, it is important to note that copy trading doesn’t guarantee success.
  • Currently, the limit here is $5,000 per quarter or $20,000 per annum and rather than buying it at the parallel market rate of say N170 to the dollar you pay about N161 (the interbank rate) for it.
  • Anyone familiar with the original product will find its portable version easy to navigate.
  • Long-term, regions funding themselves, think Enugu’s tech or Kano’s trade could slash federal spending, while fair elections and less corruption save even more.
  • Once you’ve affirmed your own email, you could potentially log in to your account and commence trade.

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Bid farewell to the Senate, that ₦300 billion-a-year palace of political pageantry, and retain a leaner House of Representatives elected via proportional representation (PR), with seats reflecting parties’ national vote shares (a 5% threshold to curb chaos). This ensures opposition voices, from LP, NPP to PDP, resonate even in APC strongholds, curbing the defection fever that grips politicians seeking electoral lifelines. The 36 State Assemblies, often governors’ rubber stamps, give way to eight regional parliaments, each wielding devolved powers to manage and control taxation, education and policing. This new model incorporates a rotational presidency, cycling through six geopolitical zones every six years, pairs with a National Executive Council (NEC) of elected regional representatives, inspired by Switzerland’s power-sharing, to douse ethnic tensions. Traditional rulers to serve as non-voting advisors in regional parliaments and a National Council, grounding governance in our cultural heritage, much like Ghana’s House of Chiefs. Anthonia Obokoh is journalist with years experience in the media industry, focusing on health reporting.

Abbey Mortgage Bank to raise N100 billion for shift to regional commercial banking

If your mirror trader experiences a huge emotional setback during market downturns, their decisions may affect the investment returns negatively. Copy trading makes individuals or investors lose control over their trades. In copy trading, it is true that you can adjust the amount you invest, however, you don’t have full control over your trades as the final decision on whether to execute the trade or not is not in your hands. Copy trading allows investors to diversify their portfolios by following multiple traders across different asset classes. This diversification in turn helps reduce risk and impact of market volatility on overall returns.

Trading Justice 452: The Art of Swing Trading

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You could enjoy the greeting provide open to brand new pages away from India. By following the new tips in depth in this post, you’ll be able to set up the mandatory application and start automated trading. Make sure you meticulously configure the new setup and pick the proper signs to optimize the exchange procedures. That have automation, you’ll save hard work if you are probably boosting your earnings.

  • My Consensual Federal Democracy builds on his ideas, adding precision to tackle rigging and betrayal, though its complexity raises the stakes.
  • The bulls extended their stay on Customs Street on Wednesday on the back of sustained bargain-hunting by the market participants.
  • There are so many incidents with people that lost their money because they trusted a shady mobile app that looked trustworthy at the start.
  • When officials of the government try to arrest these traders, the residents in that axis would quickly open their gates for them to run in and hide.
  • Had, Victor known about this he would have opted for one or some of the following options.
  • With a Master of Arts Law and Diplomacy from The Fletcher School of Law & Diplomacy and a BA in Arabic & Islamic Studies from The University of Chicago.
  • Our current system, stitched into the 1999 Constitution, is a tailor’s nightmare, ill-fitting for a nation of 250+ ethnic groups and rich communal traditions.
  • With all this options available I see no reason why anyone with a legitimate need for Forex should bother about black market rates with all the options available.
  • Imagine building an app that can jam-sync timecode and trigger all cameras to record at the same time.

Trading Justice: Rates, Robots, & Reality Checks

Investing, saving, and trading aren’t just for finance majors or the super wealthy anymore. With smartphones in nearly every pocket and reliable apps a tap away, more Nigerians are learning how to take control of their finances—on their terms. Most popular tools for online trading, such as MetaTrader 4 and 5, have sleek mobile versions.

NiMet forecasts three days of sunshine, cloudiness from Sunday

Anyone familiar with the original product will find its portable version easy to navigate. He added that in response to a Presidential directive, the ministry released to the National Emergency Management Agency, NEMA, 42,000 metric tonnes of assorted food commodities from the Federal Government Strategic Food Reserve for distribution. ”The programme will also provide support to 150,000 rice farmers under the second phase to cover all the 37 states, including the FCT, with an expected output of about 450,000 metric tonnes,” he said. We hold that a vibrant health sector is a pillar of national development. It directly influences life expectancy, productivity, and overall national well-being.

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However, be ready to incur huge exchange rate cost and quite frankly you have no one else to blame. Online Payment Platforms – Our local Naira debit cards (Master & Visa) can also be used to make payments for online purchases. As such, a lot of online purchases that you need to make locally or when abroad can be done from the comfort of your hotel room  using your laptop. For example, I purchased an item from an online platform for $10.17 and was charged the Naira equivalent of N1,619.70 which translates to an exchange rate of N159.2/$1. Apart from saving from exchange rate cost you also save time and convenience. In his opening address, the Minister commended the vision of President Muhammadu Buhari for promoting Nigeria’s embrace of clean energy mobility as a response to the threat of climate change and global warming.

Federal Government to establish 7,000 digital hospitals in rural communities — Dr. Bosun Tijani

The Blackmagic Pocket Cinema Camera 4K features a native sensor resolution of 4096 x 2160, while the Blackmagic Design Pocket Cinema Camera 6K Uk Used model has a native resolution of 6144 x 3456. Whether you’re shooting in bright sunlight or almost no light at all, both models feature 13 stops of dynamic range and dual native ISO up to 25,600 for stunning low-noise images in all lighting conditions. Plus the 6K model’s larger Super 35 sensor allows shooting with a shallow depth of field and anamorphic lenses. Both models let you shoot up to 60 fps in full resolution or 120 fps windowed. When you combine the sensor with the latest Blackmagic Generation 4 Color Science, you get the same imaging technology as our most expensive digital film cameras. Blackmagic Design Pocket Cinema Camera 6K Uk Used is better than a simple video camera because it has professional features allowing you to create the same “look” as Hollywood feature films.

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Three dons of the University of Lagos were celebrated by the University Senate at its meeting held on Wednesday, May 28, 2025, ahead of their retirement from active government service in June, 2025. He assured that the government is putting measures in place to ensure that the problem of street trade is tackled. But claims of shops being exorbitant notwithstanding, the Director of Public Affairs, Ministry of Environment and Water Resources, Kunle Adesina, noted that there was need for a change of orientation by the traders and those that patronise them. In a chat with The Guardian, some traders lamented that have continued to migrate from one point to the other to fend for their families because of the exorbitant cost of renting shops in the state. To get into they, visit the promo area otherwise for the put web page mouse click to the give and read the new terms and conditions very carefully. For the main webpage of one’s Pouch Alternative webpages, off to the right front side, find and then click for the “Register” button.dos.

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It has been proven that short-term trades might result in quick gains or losses while long-term trades might benefit from compound events. While copy trading can bring about potential profit, it also carries risk. Experienced investors also make wrong decisions and can also experience loss. Trade with Pocket Option Investors may incur losses if the trader they copy experiences or makes an unsuccessful trade. If we want to trade with binary options, we pick the asset our option should be a derivate of, chose an expiration date, the amount we want to invest and whether we expect the asset to rise or fall in value.

Trading Justice 446: Understanding Bullish Reversals

By simply following these 10 simple steps, you might speed up their Wallet Solution positions, saving you effort. Robinhood is another popular trading app where you can trade any time during the day stocks and crypto, all with 0% commission. The Robinhood app also has an education section where you can learn more about trading from the latest tactics to strategies top traders implement in their trading.

Especially high-risk methods like trading binary options require experience to be successful long-term. “I sell electronics, but do you know that some guys too hawk small electronic gadgets? Before customers call at my shop, they would have patronised these street traders. That is one of the problems facing those of us who are shop owners here in Oyingbo. Secondly, how can someone verify that the money these traders pay ends up in government purse? Do they get counted to know how much money is expected to be raked in daily?

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Trading Justice: Trade Deals, Price Pressures, Consumer Clues

  • To help you log in to Wallet Alternatives, just go to the site and then click the new “Login” switch.
  • Initiate your passive money with public exchange and you will copy Pro people.
  • During the programme, Abubakar conducted research relating to product structuring and market development.
  • In addition, the platform’s new name references its added functionalities for users to buy and sell items via virtual pocket shops and reinforces its push into a social commerce market estimated to reach $23.8 billion by 2028 in Nigeria alone.
  • “We supported 107,429 wheat farmers with inputs resulting in output of 474,628 metric tonnes,” he said.
  • Term verification is actually a basic dependence on monetary functions companies.
  • It’s one of the most trusted platforms in the world for retail forex and CFD traders.

It also ensures that the poor are protected from adverse effects of tax increases, making it a progressive and equitable reform. It addresses the challenge of multiple and excessive taxation with the reduction in Company Income Tax which will ease the cost of doing business and improve the investment climate”. Many have similar frustrating experiences as Samuel when dealing with these platforms where you can deposit funds. Speaker Mudashiru Obasa, gave the directive after intense debate on the unwholesome attitude of the traders, commercial bus drivers and okada riders.

Trading Justice 492: Ark Dogs

However, it is important to note that copy trading doesn’t guarantee success. Before we do anything, we should analyze the market and calculate how much of our budget to use, so we can make informed decisions and avoid bankruptcy. The chief executive of the telco, Mr Karl Toriola, while speaking on Arise TV earlier this month, said the management has concluded plans to double investments in upgrading the company’s network infrastructure in the country.