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 Dipo Olowookere
The local stock market firmed up by 1.13 per cent on Friday as appetite for Nigerian stocks remained strong.
Investors reacted well to the 2026 budget presentation of President Bola Tinubu to the National Assembly yesterday, especially because of the more realistic crude oil benchmark of $64 per barrel compared with the ambitious $75 per barrel for 2025. This year, prices have been between $60 and $65 per barrel.
Business Post observed profit-taking in the commodity and energy sectors as they respectively shed 0.14 per cent and 0.03 per cent.
But, bargain-hunting in the others sustained the positive run, with the consumer goods index up by 3.82 per cent.
Further, the industrial goods space appreciated by 1.46 per cent, the banking counter improved by 0.08 per cent, and the insurance industry gained 0.04 per cent.
As a result, the All-Share Index (ASI) increased by 1,694.33 points to 152,057.38 points from 150,363.05 points and the market capitalisation chalked up N1.080 trillion to finish at N96.937 trillion compared with Thursday’s closing value of N95.857 trillion.
A total of 34 shares ended on the advancers’ chart, while 24 were on the laggards’ log, representing a positive market breadth index and bullish investor sentiment.
Austin Laz gained 10.00 per cent to close at N2.42, Union Dicon also jumped 10.00 per cent to N6.60, Tantalizers increased by 9.80 per cent to N2.69, Aluminium Extrusion improved by 9.78 per cent to N12.35, and Champion Breweries grew by 9.71 per cent to N16.95.
Conversely, Sovereign Trust Insurance dipped by 7.42 per cent to N3.87, Royal Exchange lost 6.84 per cent to trade at N1.77, Omatek slipped by 6.84 per cent to N1.09, Eunisell depreciated by 5.88 per cent to N80.00, and Eterna dropped 5.63 per cent to close at N28.50.
Yesterday, traders transacted 1.5 billion units worth N21.8 billion in 25,667 deals compared with the 839.8 million units sold for N32.8 billion in 23,211 deals in the preceding session, showing a surge in the trading volume by 76.61 per cent, an uptick in the number of deals by 10.58 per cent, and a shrink in the trading value by 33.54 per cent.
By Adedapo Adesanya
Three stocks stretched the bearish run of the NASD Over-the-Counter (OTC) Securities Exchange by 1.21 per cent on Friday, December 19, with the market capitalisation giving up N26.01 billion to close at N2.121 billion compared with the N2.147 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) dropping 43.47 points to 3,546.41 points from 3,589.88 points.
The trio of FrieslandCampina Wamco Nigeria Plc, Central Securities Clearing System (CSCS) Plc, and NASD Plc overpowered the gains printed by four other securities.
FrieslandCampina Wamco Nigeria Plc lost N6.00 to sell at N54.00 per unit versus N60.00 per unit, NASD Plc shrank by N3.50 to N58.50 per share from N55.00 per share, and CSCS Plc depleted by N2.91 to N33.87 per unit from N36.78 per unit.
On the flip side, Air Liquide Plc gained N1.01 to close at N13.00 per share versus N11.99 per share, Golden Capital Plc appreciated by 70 Kobo to N7.68 per unit from N6.98 per unit, Geo-Fluids Plc added 39 Kobo to sell at N5.50 per share versus N5.11 per share, and IPWA Plc rose by 8 Kobo to 85 Kobo per unit from 77 Kobo per unit.
During the trading day, market participants traded 1.9 million securities versus the previous day’s 30.5 million securities showing a decline of 49.3 per cent. The value of trades went down by 64.3 per cent to N80.3 million from N225.1 million, but the number of deals jumped by 32.1 per cent to 37 deals from 28 deals.
Infrastructure Credit Guarantee Company (InfraCredit) Plc finished the session as the most active stock by value on a year-to-date basis with 5.8 billion units valued at N16.4 billion, followed by Okitipupa Plc with 178.9 million units transacted for N9.5 billion, and MRS Oil Plc with 36.1 million units traded for N4.9 billion.
The most active stock by volume on a year-to-date basis was still InfraCredit Plc with 5.8 billion units worth N16.4 billion, trailed by Industrial and General Insurance (IGI) Plc with 1.2 billion units sold for N420.7 million, and Impresit Bakolori Plc with 536.9 million units traded for N524.9 million.
By Adedapo Adesanya
It was not a good day for the Nigerian Naira at the two major foreign exchange (FX) market on Friday as it suffered a heavy loss against the United States Dollar at the close of transactions.
In the black market segment, the Naira weakened against its American counterpart yesterday by N10 to quote at N1,485/$1, in contrast to the N1,475/$1 it was traded a day earlier, and at the GTBank forex counter, it depreciated by N2 to settle at N1,467/$1 versus Thursday’s closing price of N1,465/$1.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX) window, which is also the official market, the nation’s legal tender crashed against the greenback by N6.65 or 0.46 per cent to close at N1,464.49/$1 compared with the preceding session’s rate of N1,457.84/$1.
In the same vein, the local currency tumbled against the Euro in the spot market by N2.25 to sell for N1,714.63/€1 compared with the previous day’s N1,712.38/€1, but appreciated against the Pound Sterling by 73 Kobo to finish at N1,957.30/£1 compared with the N1,958.03/£1 it was traded in the preceding session.
The market continues to face seasonal pressure even as the Central Bank of Nigeria (CBN) is still conducting FX intervention sales, which have significantly reduced but not remove pressure from the Naira. Also, there seems to be reduced supply from exporters, foreign portfolio investors and non-bank corporate inflows.
President Bola Tinubu on Friday presented the government’s N58.47 trillion budget plan aimed at consolidating economic reforms and boosting growth.
The budget is based on a projected crude oil price of $64.85 a barrel and includes a target oil output of 1.84 million barrels a day. It also projects an exchange rate of N1,400 to the Dollar.
President Tinubu said inflation had plunged to an annual rate of 14.45 per cent in November from 24.23 per cent in March, while foreign reserves had surged to a seven-year high of $47 billion.
Meanwhile, the cryptocurrency market was dominated by the bulls but it continues to face increased pressure after million in liquidations in previous session over accelerating declines, with Dogecoin (DOGE) recovering 4.2 per cent to trade at $0.1309.
Further, Ripple (XRP) appreciated by 3.9 per cent to $1.90, Cardano (ADA) rose by 3.5 per cent to $0.3728, Solana (SOL) jumped by 3.4 per cent to $126.23, Ethereum (ETH) climbed by 2.9 per cent to $2,982.42, Binance Coin (BNB) gained 2.0 per cent to sell for $853.06, Bitcoin (BTC) improved by 1.7 per cent to $88,281.21, and Litecoin (LTC) soared by 1.2 per cent to $76.50, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each.
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