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Naira Depreciates Further, Exchanges At N420.50 To Dollar

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The Naira on Wednesday depreciated at the Investors and Exporters window, exchanging at N420.50 to the dollar, a 0.05 depreciation against N420.27 traded on Tuesday.

The open indicative rate closed at N419.46 to the dollar on Wednesday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N420.50.

The Naira sold for as low as N412 to the dollar within the day’s trading.

A total of 71.99 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday. (NAN)

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Big Memory, Bigger Battery, Fast Charge. itel P38 Has It All

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Award-winning smartphone and accessories maker, itel, is here again with a bigger bang. This time, it is with the all-new itel P38 series released today, 17th of May 2022 to show the brand’s resilience, innovation, and commitment to stay on point when it comes to quality smartphone delivery. This new release comes on the heels of the super successful itel P37 which, only months ago, was awarded the “Best Big Battery Smartphone of the Year” at the Beacon of ICT Awards 2021.

This new addition to itel’s Power series, which includes the itel P38 and itel P38 Pro, is yet another bold statement that you can enjoy value, finesse, and quality- all in one device. From superior durability and big battery to fast charge, itel is ticking all the boxes on the checklist of every smartphone user. No one does it better, and little wonder its products have continued to garner awards and recognition for adding value to the lives of consumers and ensuring that everyone can truly “enjoy better life”.

Charge Fast, Talk More
It’s refreshing to see that itel understands the necessity of having a fully charged phone and doing so in no time at all. If you’ve ever been stranded due to a dead battery; you live in an area where you’re never able to charge your phone up to 50% due to power outage, or your phone goes off less than an hour into a game on every single occasion, it is time to move over to a brand that understands the situation and offers you more talk and play time.

itel P38 Series Smartphone Has 18w Fast Charge and 6000mAh battery
You no longer must wait for countless hours to see your phone fully charged. With the itel P38 series, itel’s first offering of fast-charging smartphones, you can get a full 100% charge in 150 minutes- that’s only 2½ hours. This is supported by the 3x fast-charge feature that offers 3 times the speed of other regular phones, most of which take as much as 7½ hours to fully charge. The itel P38 has a 15W fast charge technology feature that gives you triple fast charge action. With only 10 minutes of charging, you’re guaranteed up to 3 hours of WhatsApp call.

Just when you think itel has done enough, it beats its own record every single time. The itel P38 Pro charges like a pro! With a more unique 18W Fast charge technology, it is the only model within its price range that can deliver such a feat. Now you can talk more, play more, and enjoy more phone time with superior technology designed just for you.

What’s a smartphone without memory? Not just any memory, but big enough to afford you sufficient storage space and processor speed. The itel P38 series certainly checks that box. With a guaranteed 64GB storage on the itel P38 Pro, you get to enjoy enough storage space to save your files, whether official or personal. That means all your documents, favourite music, cool videos and even as many functional and seamless mobile apps as you want. But there’s more; the itel P38 Pro also supports memory extension up to 256GB. Amazing right?

Whether you’re a YouTuber, TikToker, or just big on videos and social media, this one’s for you. And, if movies are your thing, itel’s asking if you can keep up with the itel P38 Pro. With storage, itel P38 series has got you covered. The smartphones also feature an AI Gallery that compresses your photos intelligently so you can have more space to do much more. With the ‘cleaner’ function, your itel P38 series launches a quick phone sweep to clear unwanted files and improve your phone’s long-term fluency and storage capacity.

The itel P38 series uniquely takes care of all power worries that users may have. The itel P38 boasts of a big 5,000mAh battery, so you can rest assured of quality time with your smartphone. To put this into context, that’s 28 to 32 hours of voice calls, 15 to 18 hours of movies and videos on the TL, 158 hours of music, up to 18 hours of social media time, 8 hours of game time, 6 hours of selfie time, and lots more. On standby mode, the itel P38 will last for about 558 hours- that’s more than 23 days!!!

It gets even more rewarding with the itel P38 Pro which comes with an outstanding 6000mAh battery. This ultimately means 823 hours on standby mode, 230 hours of jamming your favourite tunes, and up to 16 hours of quality game time. Now itel is bringing the “smart” back to smartphones.

When it comes to trailblazing technology and disruptive innovation, itel always comes through. The AI Power Master introduced by the Power Series in 2019 has been improved upon and embedded in this itel P38 series. The feature, which intelligently learns your usage habit, automatically adjusts the power consumption of the software from the background to achieve a balanced power saving. This means more power for your most used apps.

While many smartphone users are often asked to choose between functionality and appearance, itel says you can have both. The itel P38 series offers a unique blend of fashionable design and sleek outlook that gives you a sense of style and confidence. With a super slim frame, quality 13MP dual camera, unique colour scheme and ergonomic texture, and upgraded fingerprint sensor, the itel P38 series is the new definition of elegance and class; the outlook is both sparkling and attractive.

What about the screen? itel goes above and beyond with a charming 2.5D water-drop fullscreen, with a much more immersive visual experience of 91% screen ratio. Handling is made easier with a perfect blend of narrow edges and contour. This additional functional piece of design further makes the screen larger, slimmer, and more elegant. Even the fingerprint sensor at the back has been upgraded to withstand dust and handle cleaning, when necessary.

itel still holds a reputation as one of the most affordable smartphone brands in Africa and Asia. With the new itel P38 series, the brand is consolidating its unique, customer-friendly price points. The itel P38 goes for less than N50,000 (fifty thousand naira) only, while the itel P38 Pro sells for less than N60,000 in stores nationwide. No other brand in its category offers as much value for such an incredibly affordable price.

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How to make money from Forex trading in Nigeria

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Forex trading involves the buying and selling of currencies, trading one against another, so that the trader profits from currency swings with minimal losses. As such, this form of online trading presents lucrative prospects for Nigerian traders entering the Forex markets.
To make money from Forex trading, the first step is to choose a Forex broker.

However, there are several other tactics which traders can employing following this in order to increase their profits and minimise risk. We examine the most important factors in this article.

1-Educate yourself on the Forex market


Understanding the forex market and the potential hazards is vital before implementing effective tactics and putting plans into action. Forex trading is primarily practiced online, allowing the trader to benefit or lose money at any given time.


In order to conduct a trade, one currency must be purchased and another sold. In the financial world, these are called currency pairings. To make money online, you need to know when to buy and sell a particular currency pair.

2- Learn how to analyse market trends


Analysing the Forex Market’s current patterns and movements is essential for making accurate currency forecasts. Fundamental and technical analysis are the two primary methods employed by forex traders.
The study of macroeconomic events that could affect a currency pair is known as fundamental analysis. Technical analysis is the study of price action, which includes looking at trends, momentum, and reversal patterns.

3-Ensure that you sign up with a reputable broker


Trading forex successfully necessitates that your chosen broker adheres to the current regulatory framework, which keeps forex markets free of manipulation. There is a high risk of being a victim of scam brokers in this market.


Scam brokers can shut down their businesses as transaction costs rise, causing investors to lose the equivalent of their whole life savings on a number of occasions. So steer clear of brokerage businesses that engages in such activities.


Look into the reputation of a potential broker or platform by reading reviews and finding out what the general public has to say about them.

4- Practising on a demo account is essential


Almost every forex broker now offers a free practice account. Genuine-time market data is sent to and received from a real trading platform through the use of a demo account. That implies you don’t have to pay a cent to open or close a deal.
With a live market connected to a forex demo account, you may practice trading without risking any of your own funds. In the case of virtual currency, trades can be made in real time, reflecting actual losses and gains.
With trading, you’ll need some practice before you put any money at risk. Demo accounts allow you to trade without the fear of losing money. Open a forex trading account.

5-Identify the best time to trade in Nigeria


Because the currency markets are open 24 hours a day, seven days a week, your trading time in Nigeria should correspond with the most important trading sessions globally.
These are referred to as the Asia Session, the European Session, and the North American Session, and each of these provides access to different market movements and optimal trading times.

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itel P37: First Impressions and Unboxing

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You know of itel P36, don’t you? But have you heard of itel P37, itel’s latest big battery smartphone? The tagline of the phone, ‘Play With Power’ got me. So, I kept thinking… does this smartphone really live up to its tagline? Its promises of endless fun and play for someone young, vibrant, and on the go like you and me? Well, this article is a review of the device and my unfiltered opinion of it.

Without further ado, let’s unbox the itel P37 together!

Device Specifications

6.5” HD+ Waterdrop FullScreen Display
2GB RAM, 32GB ROM + AI Gallery
5000mAh Battery + Upgraded AI Power Master
Android ™10(Go edition)
SC7731E Quad-Core 1.3GHz
8MP+VGA AF Rear Camera + 5MP FF Camera
Face Unlock + Fingerprint Sensor
What’s In The Box?

The itel P37 comes in a red, compact box with Olamide’s, itel’s brand ambassador, image on it and his signature. The box looks very appealing and quite premium from all angles.

Unsealing and opening the box shows the itel P37 with a nylon cover showing you the key specifications of the smartphone. It comes with a 6.5” HD+ FullScreen Waterdrop Display and 2.5D design that’s absolutely stunning, and runs on Android ™10(Go edition). Honestly, the phone looks good on the outside. My itel P37 is in a gradient purple colour which itel says is inspired by the art of light and shadow. They got this right.

The phone comes with a 1600*720 resolution, 84% colour gamut, and a 90% screen to body ratio which makes the display brighter, sharper, and more visually appealing.

Inside the box are the accessories packed with the phone- earphones, a USB cable, charger head, and a protective phone case.

At the back, the itel P37 has an 8MP AI dual rear camera with multiple photography modes like Face Beauty 4.0, HDR, smile shot, AI stickers, and dark light mode. The phone also comes with itel Selfie 4.0- an AI algorithm that gives me a smarter selfie experience. For a smartphone like this, the camera is quite outstanding in dark environments.

For storage, itel P37 has 2GB of RAM, 32GB of storage, and an AI Gallery while the itel P37 Pro has 3GB RAM and 64GB ROM version (I’m eagerly waiting for the Pro). With this, the smartphone can run up to 12 apps without hanging, and can store up to 13,000 photos, 9,000 short videos, 300 TV episodes, and like 100 movies. A major plus for itel. The gaming experience on the phone is also much smoother compared to its predecessor, the itel P36. Hmm… itel seems to have made the itel P37 better from battery, to memory and display.

The smartphone is equipped with a lithium polymer inbuilt 5000mAh battery that has been upgraded with a new and revamped AI Power Master. So far, this seems to work as I use the phone for long periods without charging- it lasts 10% longer than the itel P36. itel also added a safe charging feature that turns on automatically when I plug in the phone as extra protection. Oh, boy, itel didn’t scrimp on this device.

For extra security, itel P37 has face unlock and a multi-functional fingerprint sensor. itel added an extra surprise to this phone that I didn’t see coming- a flip mute feature. itel P37 goes silent when you flip it over. And then with a three-finger swipe on my phone screen, I take screenshots easily. How cool is this? Whatever itel has been drinking these days is working for them.

Its colours are also very fashionable- dark blue, gradient blue, and gradient purple are just the colours you need to brighten up your outfit or day.

itel P37 First Impressions

For a device with a N38,000 price tag, the itel P37 is good money spent. It is one of the most beautiful and powerful entry-level devices I’ve ever used, and I recommend this device to anyone who wants a big battery smartphone for endless fun and play. The smartphone definitely lives up to its ‘Play With Power’ tagline, and would give you value for your money. The itel P37 is available in online and phone retail stores for purchase. You can get yours and let me know what you think of it.

By the way, it is also possible for you to win the itel P37, itel TV, headphones, Bluetooth speakers, and other itel accessories in itel’s ongoing promos. So, if you don’t want to purchase the device but would like to get one for free, itel has so many contests for you to join on socials.

Unbox With Olamide Contest On Vskit

This contest is actually quite easy. To get a brand-new itel P37, itel says you should unbox anything you love on the Vskit app using #UnboxWithOlamide to get it. The Vskit app can be downloaded on your favourite app store.

iFamily With My Family Contest on Facebook and Instagram

OK. So, all itel wants you to do here is upload a picture of you and your family with an itel product, post it on Facebook or Instagram using #iFamilyWithMyFamily and itel TVs, P37 smartphones, and other itel Family products could be yours.

Then, there’s the Play With Power Challenge.

Do you love football or having fun in general? This contest needs your entry! All you need to do is join the hashtag #PlayWithPower on the Vskit app, shoot a video of you kicking a ball, and wait for itel to announce the winners.

Easy peasy, right?

Just check out @itelnigeria on socials to get started.

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