Economy
FarloFX Signals New Era of Regulated, Scalable Trading for UK, Emerging Markets
By Adedapo Adesanya
As fintech momentum accelerates across Africa and other emerging markets, a new kind of infrastructure is quietly taking shape, one engineered not just for access, but for trust, transparency, and long-term financial integration.
At the heart of this movement is Mr Kenny Farinloye, a UK-trained fintech entrepreneur and market strategist, whose latest venture, FarloFX, aims to redefine how traders from Lagos to Lima participate in global financial markets.
FarloFX, a next-generation digital trading platform currently under development, is being built from the ground up to meet the sophisticated needs of traders in emerging markets. Unlike many offshore platforms that rely on speed without oversight, FarloFX fuses UK-aligned regulatory standards, Tier-1 liquidity partnerships, and mobile-first design into a seamless experience for both retail and semi-professional users.
FarloFX reiterated that this isn’t just a software product; it’s a full-stack infrastructure solution engineered for global interoperability, local resilience, and regulatory clarity.
Mr Farinloye’s recent recognition as an Associate Member (ACSI®) of the Chartered Institute for Securities & Investment (CISI) solidifies his credentials as a global player with a deep alignment to UK financial governance. The CISI, a body that sets the bar for ethics and best practices in the investment profession, serves as an institutional benchmark for financial excellence in the UK and globally.
“My CISI membership is not a vanity metric,” Mr Farinloye explains in a statement shared with Business Post, “It’s an operating philosophy. At FarloFX, we are embedding global standards into the platform’s DNA. We’re not retrofitting compliance, we’re building with it from day one.”
This approach distinguishes FarloFX in a crowded field of high-risk brokers, opaque exchanges, and marketing-driven copy-trading platforms that often dominate the emerging markets space. In contrast, FarloFX offers an execution-first, compliance-rooted trading ecosystem that’s designed to last.
The firm noted that while the product is still in development, it is already gaining momentum. FarloFX has already attracted interest from regional trading communities, financial educators, and fintech partnerships across Africa and Latin America. A growing waitlist of over 3,000 users (Join the waitlist) reflects rising demand for platforms that balance accessibility and credibility, especially in regions where inflation, currency instability, and cross-border payment challenges are part of daily life.
The development team is currently finalizing integrations with FCA-authorised Appointed Representatives (ARs) and UK-based Electronic Money Institutions (EMIs), allowing FarloFX to facilitate low-latency execution and cross-border transactions that comply with both local needs and international law.
With a hybrid compliance model and Tier-1 liquidity sourced from London, Africa and continental Europe, FarloFX says it is shaping up to become a trusted gateway between global financial markets and frontier economies.
The timing couldn’t be more strategic as emerging markets are entering a new era of digitised participation in global finance. However, systemic challenges remain as lack of regulation, poor infrastructure, limited payment interoperability, and volatile pricing environments act as barriers.
Despite this, retail investor interest in forex, commodities, and synthetic markets is surging. In Nigeria, Kenya, Ghana, Brazil, Vietnam, and the Philippines, new traders are flooding into Telegram groups, YouTube channels, and trading apps, but most lack access to platforms that offer transparent pricing, localized support, or regulated backing.
FarloFX sees this not as a problem to exploit, but as an ecosystem to upgrade.
“There are 100 million traders coming online in the next decade from emerging markets,” Mr Farinloye said, adding that “They need platforms they can trust, tools that help them grow, and infrastructure that protects them from fraud, latency, and broken systems.”
With features like copy trading, on-chain analytics, multi-language onboarding, and eventually educational modules and compliance dashboards, FarloFX aims to become the central trading hub for a digitally connected, financially ambitious generation.
In addition to leading FarloFX, Mr Kenny Farinloye is also the Co-Founder of 1.2 Capital, a New York-based hedge fund and digital asset infrastructure firm he runs alongside Sebastian Purcell. This dual-track leadership gives him a unique ability to connect the dots between institutional capital markets and the realities of grassroots user behaviour in emerging economies, bridging two worlds that often operate in silos.
From London to Lagos, Kenny’s work reflects a growing class of African-born, globally trained fintech builders who are not only creating platforms but setting the regulatory tone for the next wave of digital finance.
Industry observers believe this is only the beginning. As global liquidity seeks new markets and infrastructure gaps widen across frontier economies, solutions like FarloFX represent a leap forward, not only technologically, but ethically.
FarloFX will roll out in phases, beginning with closed beta testing in selected markets. The company is also working on a series of strategic partnerships with regional fintechs, educational networks, and payment aggregators to ensure it can deliver both high-end functionality and grassroots access.
The long-term ambition is clear: to become the dominant digital trading ecosystem for emerging markets, not through hype or shortcuts, but by creating infrastructure that connects local users to global liquidity with precision, speed, and trust.
As digital finance continues to decentralize and democratize, FarloFX stands at the intersection of global regulatory sophistication and emerging market pragmatism, a rare place and an important one.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange further appreciated by 0.23 per cent on Thursday, April 23, with the Unlisted Security Index (NSI) adding 8.99 points to close at 3,969.96 points against the previous day’s 3,968 points.
The rise in the share price of Central Securities Clearing System (CSCS) Plc by N2.86 to N69.34 per unit from N66.48 per unit raised the market capitalisation of the NASD bourse by N5.38 billion to N2.380 trillion from N2.375 trillion.
Yesterday, there were two price losers, led by Food Concepts Plc, which lost 29 Kobo to sell at N2.65 per share versus N2.94 per share, while UBN Property Plc dipped by 22 Kobo to N2.03 per unit from N2.25 per unit.
During the session, the volume of securities traded declined by 97.9 per cent to 451,522 units from 21.5 million units on Wednesday, the value of securities depreciated by 52.32 per cent to N23.6 million from N49.5 million, and the number of deals depreciated by 3.6 per cent to 27 deals from 28 deals.
At the close of business, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis with 3.4 billion units valued at N8.4 billion, followed by CSCS Plc with 59.5 million units exchanged for N4.0 billion, and Okitipupa Plc with 27.8 million units traded for N1.9 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units transacted for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units sold for N1.2 billion.
By Adedapo Adesanya
Fresh foreign exchange (forex) demand pressure saw the Naira depreciate against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Thursday, April 22, by N5.46 or 0.4 per cent to trade at N1,353.91/$1 compared with the preceding day’s value of N1,348.45/$1.
It was the same outcome for the local currency in the official market after it depreciated against the Pound Sterling by N4.13 to close at N1,825.88/£1, in contrast to the preceding session’s N1,821.75/£1, and against the Euro, it dropped 72 Kobo to finish at N1,582.72/€1 versus N1,582.00/€1.
But the Nigerian Naira appreciated against the US Dollar at the GTBank FX desk by N2 during the session to quote at N1,361/$1 compared with Wednesday’s closing price of N1,361/$1, and at the parallel market, it closed flat at N1,375/$1.
FX Pressure came as data showed that NFEM interbank turnover was N28.117 million, lower than the N66.084 million recorded the previous day.
Concerns over liquidity pressures, policy transparency, and confidence in Nigeria’s FX market continue to grip the market while the country’s foreign reserve declines further, even as the Central Bank of Nigeria (CBN) recently said that the recent decline in Nigeria’s external reserves should not be a cause for concern.
Global developments also played a significant role, as rising geopolitical tensions boosted demand for the US Dollar, further weakening emerging market currencies, including the Naira.
As for the cryptocurrency market, there was a mixed outcome as traders reacted to rising geopolitical tensions from the Iran war and fresh inflation data from Japan.
Japanese inflation ticked higher in March, stoking expectations that the Bank of Japan may soon signal rate hikes, which could strengthen the yen and unsettle global risk assets.
The Iran conflict has disrupted oil flows through the Strait of Hormuz, raising energy costs and inflation risks worldwide and potentially complicating efforts by the Federal Reserve to cut interest rates.
Ethereum (ETH) declined by 1.8 per cent to $2,316.53, Bitcoin (BTC) lost 0.6 per cent to sell at $77,935.53, Solana (SOL) fell by 0.5 per cent to $85.67, and Binance Coin (BNB) dropped 0.4 per cent to sell for $634.85.
However, Dogecoin (DOGE) appreciated by 1.4 per cent to $0.0976, Ripple (XRP) grew by 0.7 per cent to $1.43, Cardano (ADA) expanded by 0.6 per cent to $0.2493, and TRON (TRX) improved by 0.2 per cent to $0.3279, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each.
By Aduragbemi Omiyale
The resilience shown by Nigerian Breweries Plc in the 2025 fiscal year, despite a volatile macroeconomic environment, which consumed several businesses, has not got without notice.
Shareholders of the brewery giant applauded the board and management for the strong recovery and improved profitability recorded in the year.
At the company’s 80th Annual General Meeting (AGM) on Wednesday, April 22, 2026, in Lagos, they attributed these achievements to disciplined cost management and a significant reduction in finance expenses.
“We are proud of how the company has withstood the ups and downs of a challenging environment. The return to profitability and the reversal of the negative cash position recorded in the previous two financial years are commendable,” a member of the Noble Shareholders Association, Mr Owolabi Opeyemi, said at the gathering.
Also, the immediate past Secretary of the Independent Shareholders Association of Nigeria (ISAN), Mr Eke Emmanuel, noted that the company’s resilience reflects strong leadership and a sound strategic direction.
“It is good news that we have been here for 80 years. There is no reason why we will not be here for the next 80 years with what we have achieved. To return to this level of profitability and cash position shows the Board has done an enormous amount of work,” he said.
Addressing investors at the AGM, the board chairman, Mrs Juliet Anammah, expressed confidence that the company is firmly on a recovery path following the net losses recorded in the past two years due to macroeconomic pressures and fiscal reforms.
She thanked shareholders for their continued support and reaffirmed that the company will build on its 2025 performance as it accelerates growth ambitions.
“We have a solid foundation built over eight decades, anchored on a strong portfolio of brands, an extensive nationwide sales and supply chain network, ongoing digital transformation, and most importantly, our people. These strengths remain critical to sustaining our leadership position,” the former chief executive of Jumia Nigeria said.
Ms Anammah also addressed the company’s dividend position, noting that the decision not to declare a dividend reflects the need to rebuild retained earnings impacted by prior macroeconomic shocks, particularly foreign exchange-related losses.
“We recognise the importance of dividend payments to our shareholders and sincerely appreciate your continued understanding. While we are not declaring a dividend at this time due to negative retained earnings, we are working diligently to restore the company’s financial position and return to dividend payments as soon as it is sustainable to do so,” she added.
She further noted that the board remains vigilant to external risks, including the Middle East crisis and broader macroeconomic challenges, which may impact the pace of improvement in the 2026 financial year.
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