Forex trading: Nigeria hosts the world

Nigeria, the most populous black nation, endowed with natural and human resources, leads the sub-region again as it plays host to the conglomeration of multibillion-dollar international firms this week. Forex trading is a business that generates a staggering unequalled and unmatched turnover of over $4tn daily!

Of recent, unknown to many, I can confirm that Nigeria is fast becoming a hotbed for highly liquid foreign brokerage firms as an emerging market. Lagos, the commercial nerve centre and the host city, will be agog in this week with the arrival of multibillion-dollar brokerage firms, investors, traders, analysts etc. The aftermath will be unprecedented.

Now the spiralling effect on the economy will be multi-dimensional. Local banks will reposition to tap into accounts from foreign brokerage firms, investment firms will partner, traders will benefit from new market developments, the public will be more enlightened, voices and faces will be put together. Diversification by traditional BDC’s, Stock broking firms, money changers will soon occur. Many frontiers will soon be opened.

The two-day event is conceptualised and fully packaged by a Nigerian. This brings out the ingenuity which is inherent in us. I have praise for the organiser(s). The employment opportunities in the world of online business, which the government and private sector have not really looked into or focus despite the huge amount of benefits these can bring will offer a new lifeline to our socio-economic activities.

We are presently living in the world of Information Technology and we need to live on it as well to bridge the gap. The world of online trading has benefits for all namely telecommunication firms in terms of Internet access and usage, financial institutions in terms of FCY deposits, commissions and charges on transfers. Our teeming populace, youths, unemployed, retired will soon embrace new profitable careers. If the opportunities are well harnessed, I can foresee, in the next five years, bright Nigerians trading for big-time hedge funds and investment banks, becoming market analysts, trainers, partners etc.

The event puts Nigeria in the eyes of the world. I am optimistic more of the multibillion-dollar firms will soon have their presence and investments in Nigeria. The first of its kind held in Nigeria did produce positive results. Thus, our government agencies or regulatory bodies need to harness the potential this sector will offer. This is an area to bring in investors in a regulated environment, providing the enabling law for a window of opportunities for Nigerians.

Do you desire partnership with foreign brokerage firms and local firms looking for enterprising Nigerians? Do you possess trading skills? How about marketing skills? A lot of job opportunities await Nigerians in these categories.

The event will definitely bring together financial experts, big wigs and other related professionals. As we await these august visitors next week, I wish the organiser and at large Nigeria our great country a hitch-free conference. Visit http://www.lagosforexexpo.com to register and attend this great event. Nigeria indeed is riding on high shoulders.

It is also an avenue to pick up a career by our teeming youths to reducing our unemployment rate now that access to Internet is getting increasingly commonplace daily. Mobile trading with android phones, BlackBerry and tablets has reduced the once initial cost of trading devices and equipment. Competitive cost of data bundles also gives a wide range of choices for trader.

Market tips for the week Monday 9th – Friday 15th August 2015

Entry (SEP) and exit (TP/SL) could also be at trader’s discretion. Money management strictly advised.

SEP – SUGGESTED ENTRY PRICE. TP- TAKE PRO FIT. SL- STOP LOSS

Entry could be at trader’ discretion. Money management strictly advised.

AUDUSD: BUY SEP 0.7340-0.7353. TP: 0.7515. SL: 0.7234

EURUSD: BUY SEP 1.0940 – 1.0953. TP: 1.1130 SL: 1.0870

NZDUSD: BUY SEP 0.6554 -0.6568. TP: 0.6738. SL: 0.6480.

EURJPY: BUY SEP 135.54 -135.94 . TP: 137.10 . SL: 134.00

AUDCAD: BUY SEP 0.9650 – 0.9688. TP: 0.9870 . SL: 0.9573.

EURAUD: SELL SEP 1.4830 – 1.4870 . TP: 1.4661 SL: 1.4972.

BENIN CITY—NO fewer

BENIN CITY—NO fewer than 20 persons have been killed in the past four days in different parts of Benin City, following a renewed cult war between suspected members of  Eiye Confraternity and Black Axe.

Over 10 persons were said to have been arrested by the Edo State Police Command in connection with the incident.

It was gathered that some of the leaders of the groups are on the run following the collaboration of security agencies with the state government to hunt for the suspects.

Vanguard was informed that the latest face-off was triggered  last Thursday when members of one of the groups went to the home of one of the suspects currently on the run, whose father was said to belong to one of the warring groups to resolve some money related issues.

It was learnt that while they were settling the issue, the suspect went upstairs to fetch a pump action gun and shot a member of the rival cult group on the leg.

The victim was rushed to the hospital by his colleagues while the suspect fled. Consequently, colleagues of the victim mobilised  for reprisal attacks, visiting the homes of members of the rival  group.

It was learnt that the attack led to the killing of a colleague of the suspect who started the shooting at New Benin. As expected, the cult war escalated. There were killings in Idu Owena, after Ugbowo, Isihor, Ugbiyoko, Textile Mill Road, New Benin and Igbesanwa.

Vanguard was reliably informed that no fewer than 20 persons have been killed so far. As a result, night life in Benin City has been affected as people no longer relax in bars in the evenings due to fear of being attacked by the rampaging cultists.

Oshiomhole summons security meeting

Worried by the development, it was learnt that Governor Adams Oshiomhole convened an emergency security meeting last Friday, asking security operatives to fish out the killers. Vanguard learnt that about 10 persons have been arrested so far while efforts were on towards finding a peaceful resolution to the crisis.

The Edo State Police Commissioner, Mr Folounsho Adebanjo, who could not confirm the casualty figure, described the killings as unacceptable and vowed that the police would deal with the situation.

According to him, “we are not relaxing at all. We are in search of the leaders behind this. Some persons have been arrested while some are on the run. The killings will stop because our officers are all on the alert now. I can assure you that anybody arrested will be dealt with very seriously.

“All security agencies in the state are concerned. The governor is equally concerned, residents of the state are concerned. So we will not relent until we stop this madness. It is very sad that people no longer value human lives.”

– See more at: http://www.vanguardngr.com/2013/06/20-killed-in-renewed-benin-city-cult-war/#sthash.oWLaLWVi.dpuf

on sports

Barca still on track, says Enrique

Hazard keen to match Messi, Ronaldo

Pogba handed iconic number 10 by Juve

Vidic undergoes surgery

Terry: Falcao is top class!

Shaw salutes Schweinsteiger

Mourinho braced for stiff EPL challengemourinho_chelsea …

Clyne eyes Premiership title with Liverpool

Pochettino shops for striker

Pulis patient over Marshall move

Bremen complete Johannsson swoop

Pardew dismisses Coloccini link

Porto sign ex-Saint Osvaldo

Chelsea agree terms with Rahman

Clark signs new Villa deal

Gotze coy over Bayern future

Sako completes Palace switch

Juve target Mascherano

3 injury worries for Mayo as they get set for All-Ireland clash with Dublin – Yahoo

Ahly beaten in Sousse – African Football

Ashes lost, Lehmann looks for football tickets – Yahoo

Atletico Madrid 2-0 Real Sociedad: Griezmann on target against Moyes’ men – Goal

Atsu absent as Bournemouth lose to Jordan’s Villa – African Football

Baines injury a disaster – Martinez – BBC

Bank of the West Classic 2015: Saturday Tennis Scores, Results and Draw Schedule – Bleacher Report

Barca still on track, says Enrique – Daily Times

Barcelona Transfer News: Catalans Must Resist Sergi Samper, Adama Traore Rumours – Bleacher Report

Barracuda Championship 2015: Leaderboard Scores and Highlights from Saturday – Bleacher Report

Benitez: Ronaldo injury not serious – Goal

Bielsa quits straight after defeat – BBC

Bielsa resigns as Marseille boss – Goal

Bielsa resigns as Marseille boss – Goal

Bremen complete Johannsson swoop – Daily Times

Bryant homers, knocks in 3 as surging Cubs beat Giants 8-6 – Yahoo

CAF club competitions ‘ As it happened – African Football

Cardinals extend scoreless streak to 36 innings in 3-0 win – Yahoo

Cavin not convinced by Downs – Kickoff

Celtic go down in Polokwane – African Football

Charging Rose joins Furyk in tie for Firestone lead – Yahoo

Charles Haley Does Perfect Jerry Jones Impression at 2015 Hall of Fame Induction – Bleacher Report

Chelsea agree terms with Rahman – Daily Times

Chelsea move would benefit Stones – BBC

Chelsea target Baba plays in Augsburg’s German Cup win – African Football

Chelsea Transfer News: Latest on Baba Rahman and Godfred Donsah Rumours – Bleacher Report

Chris Eubank and Five Other World Champions Whose Sons Went into Boxing – Bleacher Report

Chuba Akpom on song for Hull City – African Football

Citi Open 2015: Saturday Tennis Scores, Results and Updated Draw Schedule – Bleacher Report

Clark signs new Villa deal – Daily Times

Clyne eyes Premiership title with Liverpool – Daily Times

Costa mystery continues & Ivanovic struggles – five talking points from Chelsea 2-2 Swansea – Goal

Costa mystery continues and Ivanovic struggles – five talking points from Chelsea’s draw with Swansea – Goal

Crocked Appiah satisfied with recovery rate – African Football

David Ortiz Triggers 2016 Team Contract Option with 425th Plate Appearance – Bleacher Report

Don’t Invite Foreign-Pros, Peters Tells Siasia – Daily Independent

Downs and Stars tie in goalless draw – African Football

Duke Williams Expected to Rejoin Auburn Following Discipline Issue – Bleacher Report

Eagles Keeper: Enyeama gets new challengers