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Itel Treats Customers To Exclusive Cocktails With Olamide, Retains Him as Brand Ambassador

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Roses are red, violets are blue, but for itel Nigeria, customers deserve something new. A customer-centric brand whose slogan is ‘Enjoy Better Life’, itel has definitely taken enjoyment to a whole new level. With several events back-to-back that have made the brand become the talk of the town online and offline, itel has proven that taking care of their customers is what they do best. So, what have they been up to? Let us give you a quick recap.

itel Treats Customers To Exclusive Cocktails With Olamide Baddo

Sometime in January, itel announced that they would be giving some of their customers tickets to an exclusive event with Olamide in the itel Red Valentine promo- all they had to do was purchase an itel smartphone to win a ticket that admits two to be a part. Yesterday, itel fulfilled this promise at an event held at the Radisson Blu Hotel, Ikeja, Lagos. And from all the pictures and videos flying around on social media, we can tell that itel’s customers had an amazing time with Olamide and the brand. There were couple’s games, quizzes, and lots of gifts given out to customers who would definitely remember yesterday as one of the best times of their lives.

Speaking at the event, itel’s Marketing Manager (West Africa), Oke Umurhohwo, said the event is a demonstration of the unmeasurable value the mobile technology giant places on its fans and customers; stressing that itel will always focus on helping them enjoy better life.

itel Retains Olamide As Brand Ambassador, Stresses Enjoy Better Life Mission

itel has announced its retainment of Olamide as the brand ambassador for its product portfolio of smartphones, accessories, and televisions. This forward-thinking choice will no doubt reinforce the desire of both brands to give their communities, customers, and fans alike, the means to enjoy better life like never before- itel will keep delivering reliable and trendy mobile technology solutions while Olamide will keep making music that appeals to a large and varied market.

Speaking on this continued partnership, Oke Umurhohwo, itel’s Marketing Manager for the West Africa region, said; ‘Olamide has been a positive complement to our brand’s vision for the past year, and we are delighted that he will be remaining in the family even as we move forward in providing diverse and innovative products to our target markets.’

‘It is something great to collaborate with a people’s brand like itel.’ said Olamide Adedeji, itel’s brand ambassador. We share similar goals and to me, and this has always been a relationship built on giving the best to the people and to help them enjoy better life. I look forward to the greater things we will do together in the years ahead.’

itel Storms Computer Village, Lagos, and Aba with Dorathy And Zubby

It was all fun and glamour as itel and Big Brother Naija celebrity, Dorathy Bachor, stormed Computer Village, Lagos, to have fun with fans and non-fans in the itel Red Valentine promo. She was met by a large crowd, took pictures with them, and answered their questions about itel products. Dorathy also purchased two itel smartphones for two lucky customers.

What is more? Zubby Michael, a popular Nigerian actor, also visited Mac Kings Store in Aba, Abia state with the itel brand. The love and the crowd were massive, and simply proved to indigenes of the community that itel is the brand of the people.

For more information on itel and their activities, please visit @itelNigeria on all social media platforms.

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10 Best CFD Forex Brokers in Nigeria

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CFD Overview
Contracts for Difference as more commonly referred to as CFDs which is a unique financial instrument where counter parties made settlement differences pertaining especially to future contracts through cash instead of physically delivering an asset to the buyer.

CFDs are offered by various brokers and they allow traders to exchange the difference in the price movement of a specific asset by making use of a contract through which a trade is entered and exit without the trader taking ownership of the underlying asset.

CFDs unlike conventional futures contracts, does not have an expiration date and the trader cannot own the underlying asset, they are merely speculating on the price movement of the underlying asset.
CFD contracts have the ability to roll over into the next trading day as long as the contract can be supported by the account margin value of the trader.
The following financial instruments, or assets, can be traded as CFDs:
• Stocks
• Bonds
• Forex
• Cryptocurrencies
• Commodities
• Futures, and
• Indices

View the Best Forex Trading Brokers in Nigeria

List of 10 best CFD Forex Brokers in Nigeria

1. Plus500
Plus500 is an Israel-based Global CFD and Forex broker which was founded in 2008 and is listed on the London Stock Exchange. Plus500 is regulated and authorized by the FCA and the ASIC.
In opening an account with Plus500, traders will have to pay a minimum deposit of $100 which provides them with access to financial instruments such as CFDs on Forex, commodities, cryptocurrency, stocks, shares, and more.
Plus500 does not charge commissions on trades and traders can expect variable spreads which depend on the financial instrument being traded.
The maximum leverage offered is between 1:5 up to 1:300 depending on the regulating entity under which the account is opened, whether ASIC or FCA.
Withdrawals can be easily made by using either Bank Wire Transfer, Credit Card, Skrill or PayPal, with some fees charged depending on the payment method.

2. XTB
XTB has been in operation since 2004 and is based in the UK, Germany, France, Spain, Poland, and Belize with regulation and authorization through ACPR, BaFin, CNMV, FCA, IFSC, and KNF.
The minimum deposit required when Nigerian traders open an account is $250, providing traders with options in trading CFDs, Forex, commodities, cryptocurrencies, stocks, shares, and more.
Traders have the option between a standard and pro account, with the maximum leverage that Nigerian traders will have access to is 1:200, spreads that start from between 0.28 and 0.35 pips along with commissions from between $0 – $2.5.
Deposits and withdrawals can be made by using a variety of payment methods such as Bank Wire Transfer, Credit/Debit Card, and several e-Payments. Some fees may be applied depending on the payment method.

3. eToro
eToro is an Australian, Cyprus, and UK-based broker regulated and authorized by the ASIC, FCA, and CySEC. eToro has been in operation since 2006 and offers Nigerian traders the option to trade CFDs, Forex, commodities, stocks, shares, indices, and more.
When opening an account with this broker, Nigerian traders will have to pay the minimum deposit of $200, providing them with access to trading various CFDs with variable spreads, commissions from $0, and leverage up to 1:400.
When depositing or withdrawing funds, Bank Wire, Credit/Debit cards and e-payments can be used with zero deposit fees charged, but with a $25 fee for withdrawals done by non-professional traders.

4. XM

XM is based in Australia, Cyprus, Belize, and the UK with authorization and regulation through ASIC, CySEC, and the IFSC. XM has been in operation since 2009 and offers Nigerian traders CFDs on Forex, commodities, stocks, shares, and more.

The minimum deposit to open an account starts from as little as $5, and Nigerian traders have a choice between the Micro, Standard and XM Zero Account with spreads that start from 0.0 and 1.0 pips depending on the account.
While commissions are not charged on the micro and standard account, commissions of $3.5 are charged on the XM zero account. The maximum leverage that is offered is 1:880.
Deposits and withdrawals can be made through Bank Wire Transfer, Credit/Debit cards, and various e-payments with fees charged on some payment methods.

5. ATFX
Based in the UK, ATFX is authorized and regulated by FCA and CySEC, and has been in operation since 2014.
The minimum required deposit is $100, providing Nigerians with access to trade various CFDs, Forex, commodities, cryptocurrency, stocks, shares, and more. The maximum leverage is 1:400, and commissions start from $0 to $3.
ATFX has various accounts offered, with spreads starting from 0.0 on the premium account and up to 1 pip on the standard account.
Deposits and withdrawals can be done through Bank Wire Transfer, Credit/Debit cards and various e-payments with zero fees charged on either deposits or withdrawals.

6. IQ Option
This broker is based in Cyprus with authorization and regulation through CySEC. IQ Option has been in operation since 2014 and offers Nigerians with access to CFDs on Forex, stocks, cryptocurrencies, commodities, indices, and ETFs.

The minimum deposit in opening an account is $10 and Nigerian traders can expect variable spreads depending on the financial instrument traded along with zero commissions charged on trades.

Deposits and withdrawals can be done through a variety of payment methods such as Bank Wire Transfer, Credit/Debit cards, and a variety of e-payment methods with fees charged when using some methods.

7. AvATrade
AvATrade has been in operation since 2006 and is based in Australia, Ireland, South Africa, Japan, and the British Virgin Islands with authorization and regulation through ASIC, BVI, CBI, FFAJ, FSA, and FSCA.
The minimum deposit required when Nigerian traders open an account is $100, providing them with access to trade CFDs, ETFs, Forex, commodities, stocks, shares, and more. The maximum leverage offered is 1:400 with fixed spreads from 0.9 pips.
Commissions are not charged on trades and when depositing or withdrawing funds, Nigerian traders can make use of Bank Wire Transfer, Credit/Debit cards, and various e-payments. Deposit/Withdrawal fees may apply to some payment methods.

8. IC Markets
IC Markets has been in operation since 2007 and is based in Australia and the Seychelles operating under the authorization and regulation of the ASIC.
The minimum deposit required when Nigerian traders open an account is $200 with various financial instruments that can be traded such as CFDs, Forex, commodities, metals, energies, stocks, shares, and more.

The maximum leverage provided in 1:500 with variable spreads that start from 0.0 with $3.5 commissions charged on trades when using the True ECN account, and 1.0 pips and zero commissions on the standard account.
Deposits and withdrawals can be made through Wire Transfer, Credit/Debit Cards, and various e-payments with some fees that may be charged depending on the payment method used.

9. Trading 212
Trading 212 is based in Bulgaria and the UK and this broker is regulated and authorized by FCA, and FSC, and has been in operation since 2006. Trading 212 offers trade in CFDs, Forex, commodities, stocks, shares, cryptocurrencies, and more.

To open an account, Nigerian traders pay a minimum required deposit form as little as $1 and are offered with variable spreads and maximum leverage of 1:300 along with zero commissions charged on trades.

Various payment methods can be used when depositing or withdrawing funds such as Bank Wire Transfer, Credit/Debit Cards, Apple Pay, Google Pay, and several others with zero fees on withdrawals charged by Trading 212.

10. FXTM

FXTM has been in operation since 2011 and is based in the UK, Cyprus, South Africa, and Mauritius with authorization and regulation through CySEC, FCA, FSC, and FSCA.

From as little as $10, Nigerian traders can open a trading account, providing them with access to various CFDs, Forex, commodities, cryptocurrency, stocks, shares, and more.

The maximum leverage offered is 1:300, with floating spreads from 1.3 pips and zero commissions when using the standard account, and spreads from 1.5 on the cent account with no commissions.

Deposits and withdrawals can be done through a variety of payment methods such as Wire Transfer, Credit/Debit Cards, Crypto-wallets, and numerous e-payments with fees charged when using some of these payment methods.

Final Thoughts When looking at CFD Forex brokers, Nigerian traders have a wide variety to choose from along with various accounting options that cater to the needs of both beginner and more experienced traders.

The minimum required deposits are fairly low, with average to low trading and accounting fees charged.

All these brokers are well regulated and reputable, so Nigerian traders can rest assured in knowing that their funds are secure, and that they are protected.

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Enugu State Government Unveils The Coal City Rice

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The cereal food product, an initiative of the state government, will be deployed as one of the paliatives to cushion the effect of the Coronavirus Disease (COVID-19) pandemic on citizens of the state.

The unveiling was performed by Governor Ifeanyi Ugwuanyi represented by the Secretary to the State Government, Prof. Simon Uchenna Ortuanya (left), in the presence of the State Commissioner for Agriculture, Hon. Mathew Idu (right) and Special Adviser to the Governor on Agriculture, Engr. Michael Ogbuekwe (middle).

Enugu State is in the hands of God!

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$3.4bn IMF Request : Nigeria to Pay 1.5% Interest

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The $3.4 billion credit facility being requested by the Nigerian government from the International Monetary Fund (IMF) attracts a 1.5% interest rate.

Kristalina Georgieva, IMF managing director, said the request was made under the fund’s rapid financing instrument.

Listing the government’s economic stimulus package, Zainab Ahmed, the minister of finance, budget and national planning, had said the government would request for assistance under the rapid credit facility (RCF) which would not be attached to any conditionalities.

The IMF’s rapid financing instrument is a short-term facility that typically bears interest while the rapid credit facility is a long-term, zero-interest facility designed for poor countries.

“Nigeria’s economy is being threatened by the twin shocks of the COVID-19 pandemic and the associated sharp fall in international oil prices,” a statement by the IMF on Tuesday read.

“President Buhari’s administration is taking a number of measures aimed at containing the spread of the virus and its impact, including by swiftly releasing contingency funds to Nigeria’s Center for Disease Control and working on an economic stimulus package that will help provide relief for households and businesses impacted by the downturn.

“To support these efforts, Nigeria’s government has requested financial assistance under the fund’s rapid financing instrument (RFI).

“This emergency financing would allow the government to address additional and urgent balance of payments needs and support policies that would make it possible to direct funds for priority health expenditures and protect the most vulnerable people and firms.

“We are working hard to respond to this request so that a proposal can be considered by the IMF’s executive board as soon as possible.”

In total, the Nigerian government is requesting for $6.9 billion from the World Bank, International Monetary Fund and African Development Bank.

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