FBS: One of the Best Online Brokers in Nigeria

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August 3, 2022

The COVID-19 pandemic has altered the lives of millions of people around the world. Staff layoffs, business closures and the realization that the world will no longer be the same have forced people to think about new sources of income. Thus, trading is becoming an increasingly popular activity. This trend can be observed worldwide on a global scale, including in Nigeria.

However, in order to safely and effectively engage in trading, you need a reliable broker. For example, FBS Forex broker.

Who is FBS

FBS is an international company that has not only won the trust of traders around the world, but has also received numerous international awards, including Best Forex Broker, Best Copy Trading Application, Best Mobile Trading Platform, Best Forex Broker LatAm, Best Forex Broker Asia and many more. Another interesting fact is that FBS is an official Leicester City Principal Club partner.

The company was founded in 2009 and has since expanded into more than 150 countries. The head office is located in Limassol, Cyprus. FBS is trusted by over 23M traders and more than 410,000 partners worldwide, including Nigeria.

FBS Markets Inc activities are regulated by IFSC, license number IFSC/000102/310. Since the IFSC not only licenses companies, but also makes sure that they adhere to all the necessary rules for providing financial services, you can be sure that your funds are safe.

Why trade with FBS

In addition to being a licensed and experienced company, FBS provides a wide range of services for traders and meets all the requirements of modern financial markets.

Here are the main benefits of FBS in Nigeria that every trader will enjoy:

Convenient trading tools
Deposits and withdrawals via any system in any currency
Deposit bonus for trading
Multilingual customer support 24/7

FBS features: trading instruments and account types

With FBS, Nigerian traders have access to all the main trading instruments:

Forex — major, minor and exotic currency pairs are available for trading;
Metals — gold, silver, platinum and palladium;
Indices — various most famous indices, including NASDAQ 100, Nikkei 225, S&P 500, and more
Energies — natural gas and crude oil (Brent and WTI);
Stocks — shares of the world’s largest companies, such as Tesla or Google;
Crypto — round-the-clock trading of more than 100 currency pairs.

Depending on your preferences and interests, you can open different types of FBS accounts.

Standard account

This is the most common type of account among traders.

No commission
Minimum deposit of $100
Floating spread from 0.5 pips
Leverage up to 1:3000

Cent account

The most convenient account for beginners.

No commission
Minimum deposit of $1
Floating spread from 1 pip
Leverage up to 1:1000

Micro account

An account with a special feature — fixed spread.

No commission
Minimum deposit of $5
Fixed spread of 3 pips
Leverage up to 1:3000

Zero Spread account

Here the name speaks for itself.

Commission from $20 per lot
Minimum deposit of $500
Zero spread
Leverage up to 1:3000

ECN account

An ECN account allows you to trade without intermediaries.

Commission of $6
Minimum deposit of $1000
Very low spreads
Leverage up to 1:500

Crypto account

Trade over 100 cryptocurrencies with the FBS crypto account.

Commission of 0.05%
Minimum deposit of $1
Floating spread from 1 pip
Fixed 1:5 leverage

Special offers for Nigerian traders

A special feature is available for traders of the Muslim faith in Nigeria — the Islamic Swap Free Account. This means that traders on Cent and Standard accounts get no swaps or interest charges on overnight positions.

In addition, all Nigerian traders have access to Fix Rate special offer — deposits and withdrawals at a fixed exchange rate.

Trading platforms

With FBS, traders in Nigeria can download the following platforms to any device directly from the official website:

MetaTrader 4

Available on Windows, Mac, Android and iOS
50 technical indicators and charting tools
Create, buy, and use Expert Advisors and scripts
All types of Forex trading orders
Implement strategies of any complexity

MetaTrader 5

Available on Windows, Mac, Android and iOS
38 technical indicators
More functions to create technical indicators, trading robots and utility apps
6 types of pending orders
Economic Calendar

FBS Trader: mobile trading platform

FBS’s own platform
All the trading instruments available in one app
Real-time statistics
Simple interface
Instant deposits and withdrawals via your preferred payment methods in your preferred currency
Customer support 24/7

And for users of the FBS Trader application there are valuable bonuses:

Quick Start bonus. If you sign up for a Quick Start Bonus account after you install the app and register, you will receive a free $100 bonus to start mobile trading.
Activate Cashback Bonus in the app and get up to 20% for each order.
Mobile trading library. An immense selection of training materials is available in the FBS Trader app and will be useful to both novice traders and experienced professionals.

FBS Loyalty Program

The FBS Loyalty Program is an opportunity for traders in Nigeria to earn valuable prizes for every trade. Making a trade, you can earn not only money, but also status points. Then you earn new levels, which will allow you to get prizes of different values. The more points, the higher the level, the more valuable the prizes.

Overall, FBS is a great broker for those who want to start this business in Nigeria. It offers favorable conditions, comfortable and efficient trading platforms, many bonuses, and most importantly, a caring attitude towards its clients.

What is an Online Scratch Card?

By

TI Partners

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August 3, 2022

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Online gambling is an incredibly exciting and popular form of online entertainment, and as such, it is not surprising that so many people like to take part. Similarly, it is equally not surprising that there are so many organisations who are attempting to expand what constitutes only gambling, as different games are constantly being thought up that people can take part in. One of these new forms of gaming is the online scratch card.

What is an Online Scratch Card?

If you are interested in playing some different online scratch cards, then you should be sure to head over to websites such as https://www.legitgamblingsites.com/real-money/scratch-cards/. They are essentially a fun type of instant win game that is based both in form and structure of a real-life scratch card. The game itself is loved by millions as it is such a regular format but moved over to an online setting. This means that they are a lot more accessible to gamers when they are on the move, doing the daily work commute, or are unable to purchase an actual scratch card.

The History of the Scratch Card

You might see this format and think of it as brand new. Granted, a lot of the different forms of the game that you will see now are new due to the fact it has been more modernized to make it easier for current gamers to play. However, that being said, the electronic scratch card is not exactly brand new, and has been around since the 1970s. It was originally thought to have been invented by a group of American computer scientists who all came up with the idea. The first instant tickets went on sale somewhere around 1987 and are now a mainstream form of instant win gaming.

Of course, the inspiration behind the electronic scratch card came directly from the classic scratch cards that were available. This is where you would be given a card and would then scratch away at it which would then reveal an image. The aim of the game was to reveal a certain type of image or an image that would lead to a match as these were always the best ways to guarantee success. For other people, there was a reveal-all element which quickly let you know whether you have won without having the anticipation of scratching away and revealing images.

The Benefits of Online Scratch Cards

As previously mentioned, the online scratch card follows a similar format to the physical ones, but they are beneficial in that they can be bought instantly without trying to find the right shop that sells them. Not only that, but the different available themes remain fresh and adapt with the times a lot quicker than they do with physical ones, thanks to how quickly online graphic designers and developers work. This means that every single time you play, you are going to be met with a new style that will keep things exciting and up-to-date.

NIN-SIM Policy Reduces Airtel Nigeria Revenue by N14.1 Billion

By

Ojukwu Emmanuel

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August 2, 2022

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Recall that earlier last year, the federal government of Nigeria directed all telecommunications companies in the country to strictly enforce a policy to have their subscribers link their SIMs to their NIN.

Due to this directive from the FG, telecommunications operator, Airtel Nigeria, recently disclosed that the company lost a whopping N14.1 billion ($34 million) revenue between April and June this year 2022, due to the failure of some of its subscribers to link their NIN with their SIMs.

While disclosing it in its quarterly result for the period of June, Airtel revealed that a total of 13.6 million of its customers were initially barred out of which 5.3 million (39 percent) have subsequently submitted their NIN and 2.3 million (17 percent) have subsequently been verified and unbarred.

See what the company said,

“Following a directive issued by the Nigerian communication commission (NCC) on December 7, 2020, to all Nigerian telecom operators, Airtel Nigeria has been working with the government to ensure that all our subscribers provide their valid National Identification Number (NC) to update SIM registration records. To complete the registration process, we must link the NIN information received with the SIM of the respective subscribers and share the same with the National Identity Management Commission (NIMC)”.

It might interest you to know that despite all these shortcomings aforementioned, the telecommunications company was able to weather the storm, as the firm total revenue for mobile services and mobile money services combined, grew in Nigeria by 18.3 percent, in East Africa by 14.1 percent, and in Francophone Africa by 11.7 percent.

Meanwhile, Airtel Nigeria raked N87.2 billion ($210 million) from data service alone between April 2021 and June 2022. This was a result of the continuous increase in the use of data by its subscribers.

Airtel revealed that voice revenue was still the highest for the operator accounting for 50% of earnings, data inched closer with 41% contribution. In a financial report, Airtel revealed that its revenue grew by 16.2% in reported currency to $517 million, and by 18.3% in constant currency.

The difference in the growth rates was due to the devaluation of the Naira by 1.8%. Its data revenue grew by 24.8% in constant currency, driven by data customer base growth of 15.6% and data average revenue per use (ARPU) growth of 7.1%.

Due to the significant increase in the revenue of Airtel Nigeria, this earned them a spot in the list of most valuable companies in Nigeria, sitting in the first position as of June 2022.

The company’s market valuation grew to N6.51 trillion having recorded stellar growth in its share price in the first half of the year. The market value of Airtel rallied by 81.3% in the six month period, representing a capitalization gain of N2.92 trillion from N3.59 trillion recorded as of December 2021.

Looking at these significant increases in the revenue of telecommunication companies in the country, there is no disputing the fact that Nigerians have been consuming a lot of data lately, as the high consumption is reflected in the financial reports of telecommunication companies in the country.

AMD Surpasses Intel on Market Capitalization

By

Samuel Nwite

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August 2, 2022

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The global economic headwinds continue to breed surprises in the tech industry with big companies dropping in revenue figures while the underdogs move up.

On Friday, AMD surpassed rival Intel’s market cap for the second time.

AMD recorded $153 billion market capitalization after its stock rose over 3%, pushing the chipmaker up above Intel whose shares fell nearly 9%.

Intel’s market cap dropped to $148 billion on Friday after trading, missing all revenue expectations.

Intel has been working to boost earnings through acquisition. The company has also made some internal changes as revenue growth continues to decline. With many of its clients such as Apple, opting to develop their own chips, Intel needed to take drastic steps to sustain its revenue growth.

While there has been some improvement following Intel’s attempts to sustain its market position, AMD’s new position marks a significant shift in the market.

As CNBC noted, even though the shift is mostly symbolic, it signifies a much more competitive market for PC and server chips, where the two companies compete directly. It also suggests that investors may value an asset-light chipmaker over one that’s investing heavily in manufacturing. AMD outsources production to outside “fabs,” or chip factories, whereas Intel has said it plans to continue building and operating plants.

The battle to contain global chip shortage has propelled a massive investment in the semiconductor industry recently. For underdog companies like AMD, high demand of chips means an opportunity to expand growth.

With the company’s product quality having improved in recent years, AMD chips have a found a competitive edge against big players in the industry. AMD chips are notably squaring up with Intel’s products in terms of performance, even surpassing their speed and efficiency for some applications.

Intel shares fell 9% at the second quarter of the year following earning reports that fell short of expectations. The company’s shares price has significantly dropped by 23.0% for reasons attributed to lockdown in China, logistics challenges, decrease in demand for PCs and the 25% increase in the price of processors since the beginning of the year.

AMD had in previous stock news, announced revenue of $5.9bn for the first quarter of 2022 – 71% up on the same period last year. The company has predicted a 60% increase in full-year revenue while Intel on Thursday, dropped its forecast for full-year earnings per share $3.60. to $2.30.

Intel’s CEO Pat Gelsinger, who was appointed last year to lead the company out of turmoil, said in an interview with CNBC on Friday that the company’s strategy of coming back is like climbing Mount Kilimanjaro.

years of missteps will take years to fix@PGelsinger intends to concur this mountain$intc pic.twitter.com/XcQGEVqp2t

— Deirdre Bosa (@dee_bosa) July 29, 2022

On Tuesday, AMD announced $6.6 billion gross margin of 46%, for the second quarter of 2022, operating income of $526 million, operating margin of 8%, net income of $447 million and diluted earnings per share of $0.27 on GAAP.

“We delivered our eighth straight quarter of record revenue based on our strong execution and expanded product portfolio,” said AMD Chair and CEO Dr. Lisa Su. “Each of our segments grew significantly year-over-year, led by higher sales of our data center and embedded products. We see continued growth in the back half of the year highlighted by our next generation 5nm product shipments and supported by our diversified business model.”

Great Products Come from Design!

By

Ndubuisi Ekekwe

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August 2, 2022

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Good People, it is an hour before our Live session with Dr Obinna Anya begins. He will be connecting from Google HQs in California. The Igbo Nation says that “ahia oma na-ere onwe ya” [good products sell themselves]. Paraphrasing king Oliver de Coque’s good music comes from Chi, good products come from design. Today, we will be discussing how to design products with human-centricity. Yes, human-centered design!

To join the next edition of Tekedia Mini-MBA, go here

FBS: One of the Best Online Brokers in Nigeria

Who is FBS

Why trade with FBS