Economy
All You Need To Know About Algorithmic Trading
There are now more options to improve or expand existing apps due to the rapid advancement of computer science and communication technology. The current developments have opened up fresh trading avenues.
Trades are placed using a computer program that follows a predetermined set of instructions (an algorithm). This kind of trading is also known as automated, black-box trading, or algo-trading. Profits may be generated at a pace and frequency inconceivable for a human trader to achieve in principle.
Just because it’s computer-driven doesn’t imply no one is involved. As a result of automated trading, human involvement has been shifted to a more back-office position, where new alpha-seeking techniques are developed on a regular basis.
High-frequency trading (HFT) is the most common kind of algo-trading today, and it relies on preprogrammed instructions to place a large number of orders quickly across a variety of markets and decision factors.
In this article, we’ll provide you with information on what are the main things that every trader should know about algorithmic trading.
How does algo trading work?
Pre-programmed instruction is used in algorithmic trading to execute transactions. Input characteristics like price, time, volume, and more are taken into consideration by these laptop applications. In order to make use of the processing power and speed of modern computers, several types of systems are employed. Automated trading is primarily a rapid, reliable, and accurate technique of placing orders. However, not everyone can apply this strategy, and some people may have doubts about its efficacy.
Because the decision to buy or sell is based only on the composite programs, algorithmic trading is a generally recognized method. There is no human intervention in making the transactions, which eliminates the influence of emotions. There are several ways to learn more about the way algorithmic trading works. One of the most common ways for investors is to visit an education section of Elite Currensea, where they can get more information about algo trading and its benefits. In addition to that, the section allows traders to generate trading strategies based on AI. Computers are better at completing tasks quickly than people are. Depending on the specifications, it can execute and monitor a variety of stocks at the same time.
There are no trades left unattended, thus it is quite skilled and resourceful. When traders take a break, the robot takes care of online share trading orders.
As a primary benefit, algorithmic trading removes human emotions from the trading process. Trades are carried out in accordance with a predetermined set of guidelines. Human trading, as opposed to algorithmic trading, is more susceptible to illogical trading choices due to human emotions. Thus, algo-trading often pushes traders to avoid taking on more risk than they can manage in order to prevent feelings of uncertainty.
For those interested in learning about algorithmic trading, the online education market has grown rapidly in the last several years. Getting into this field is now feasible without having to go through the lengthy academic path (8-10 years).
What are the main pros of algorithmic trading?
Individual involvement is minimal when it comes to algorithmic trading. Orders made on the basis of various technical indications are automatically distributed using digital means. Simple data access is all that is required for these gadgets. By not having to worry about losing money, they are safer than human dealers. Another advantage of these systems is that they may be quite profitable. However, there are several difficulties to overcome. Basic computer abilities are required for success in algorithmic trading.
Algorithmic trading’s performance is heavily reliant on precision and timeliness. The margin of error in algo trading is often extremely large if humans are involved. It’s possible for a computer to conduct transactions under a set of instructions, but this isn’t the case for algo-trading banks. As a result, strategic thinking is emphasized in order to help businesses make better, more accurate trade choices.
Moreover, there is no opportunity for traders to be influenced by their emotions since the tactics are pre-formulated. This means that once the pre-specified goals are satisfied, the deal is automatically performed, and the trader is left with no choice except to accept it as is. Over- and under-trading are kept in check by algo trading. As a result, there is no tolerance for error or divergence from the original trading plan.
A trader’s job is to identify the weak points in their trading system and devise workarounds as early as possible in order to prevent more losses. Trading algorithms allow traders to back-test their trades using historical data and compare them to the current market conditions. Using this approach, traders may determine for certain if their deals would have turned out identically.
Trading algorithms used in algo trading execute deals without human intervention. In response to market changes, the algorithm creates orders as soon as they are met. The trading process relies heavily on the quickness of entry and exit. Even a delay of a few seconds might result in losses. Better entry and exit speeds allow traders to catch market moves at their precise moment of entrance.
With the advent of automated trading, traders now have the chance to experiment with a wider range of trading platforms. Individuals and businesses may effectively and quickly exchange huge volumes of shares. Market participants may thus acquire a large number of shares and then sell them nearly immediately for a significant profit.
Algorithms and computers are used in algo trading. Because of this, executing many trades and strategies simultaneously becomes quite simple. Humans just could not have accomplished this.
By Adedapo Adesanya
The Federal Competition and Consumer Protection Commission (FCCPC) is set to investigate leading cement manufacturers over allegations of price manipulation in the Nigerian cement market.
The anti-trust agency has formally issued a Notice of Commencement of Investigation and Summons to Produce to major manufacturers in Nigeria’s cement industry following preliminary findings from a three-month cross-border study conducted by its Anticompetitive Practices Department. Some of Nigeria’s manufacturers include Dangote Cement, BUA Cement and HBM Nigeria, previously known as Lafarge Africa.
The investigation, according to a statement signed by the Director of Corporate Communications at FCCPC, Mr Ondaje Ijagwu, was initiated in response to persistent public complaints over the rapidly rising cost of cement.
The commission’s preliminary 40-page field report revealed a sharp increase in retail prices during the first half of 2026, where a 50kg bag selling for between N9300 and N9700 in January escalated to between N13,000 and N15,000 in several regions by July.
The FCCPC noted that Nigeria maintains an installed production capacity exceeding 60 to 65 million metric tonnes annually against an estimated domestic demand of roughly 25 to 30 million metric tonnes, creating a situation of significant excess installed capacity where downward price pressure would ordinarily be expected.
It also stated that cross-border comparative metrics across Sub-Saharan and North African markets revealed that retail prices in Nigeria remain significantly higher than in countries such as Kenya, Tanzania and Togo despite Togo lacking natural limestone deposits.
“Of particular concern to the commission is that this level of production capacity has not resulted in the downward pressure on domestic prices that might ordinarily be expected in a competitive market with substantial excess capacity,” the agency said.
While cement manufacturers have pointed to macroeconomic headwinds, including persistent Naira depreciation, rising energy expenses, transport logistics, and the inflated cost of imported industrial machinery spare parts, the FCCPC is actively auditing these claims against verified operational data.
Through the formal summons, the commission is legally requiring the affected entities to present comprehensive documentation detailing their pricing methods, factory capacity utilisation rates, export volumes, and distribution network agreements.
The UK has quickly become an excellent destination for Nigerian tech firms to scale into international markets. The bilateral trade between the UK and Nigeria reaching a record £8.1 billion per year, and Nigerian fintech companies spending more than £100 million in the UK market are clear indications that the UK is much more than just a financial centre.
If you are a Nigerian tech businessperson, the UK offers an excellent combination of opportunities to raise funds, a favourable regulatory environment, and a clear growth path. Nigerian tech businesspeople may need to hire foreign workers to expand their workforce.
They can seek guidance for companies hiring international talent in the UK, especially if they are unfamiliar with the UK immigration system. This article explains why the UK has become a trusted market for Nigerian tech entrepreneurs, the visa options available to Nigerian entrepreneurs, and other relevant details.
Why the UK Is Attractive for Nigerian Tech Startups
Nigerian Tech startups seek to open a business in UK for various reasons, including:
Access to Funding
A significant reason the UK is appealing to Nigerian tech startups is its access to capital. London, the UK’s capital, is a major global financial hub and Europe’s leading technology centre. It has an extensive range of venture capital firms, angel investors, institutional investors, and technology-oriented capital sources.
If a Nigerian startup’s expansion goal is to raise international capital, it could become much easier to establish a genuine UK presence, especially in London, and to develop relationships with investors who regularly evaluate firms operating in various regions. This can also help Nigerian tech companies build trust with their international partners and global clients.
Cultural and Legal Synergies
The cultural and legal familiarity between the UK and Nigeria makes it much easier for Nigerian tech firms to move to the country. The legal system of Nigeria is rooted in English common law, with English being the language of trade and business.
This means that Nigerian entrepreneurs will probably find certain elements of contract negotiation, documentation, and business operations much more familiar compared to doing business in an entirely different legal environment.
However, this familiarity does not eliminate the need for UK-specific legal guidance, as certain issues, including employment law, taxation, and data protection, must be understood and followed.
Government and Institutional Support
Governmental connections between the UK and Nigeria offer another reason why a Nigerian tech startup may wish to open business in the UK. The connection between the two countries encompasses collaboration on technology, investment, innovation, and trade.
Programs associated with the UK-Nigeria Tech Hub have facilitated connections among entrepreneurs, technology ecosystems, and innovation networks in both nations. This has brought about mutual respect and collaboration between the two nations, making business growth and innovation more seamless.
Nigerian Tech Companies Expanding to the UK
The UK is one of the best countries for Nigerian tech companies, as it offers economic stability, easy access to global funding, a familiar common-law system, and bilateral support mechanisms, such as the UK-Nigeria Tech Hub and the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), which reduced barriers and opened new pathways for growth in sectors such as technology, financial services, and advanced manufacturing.
Major tech startups in Nigeria, such as LemFi, Moniepoint, and Kuda, have chosen the UK as their global or strategic headquarters to grow internationally. LemFi has committed £100 million over 5 years and has positioned London as its world headquarters. Moniepoint aims to reach 100 employees in London by the year-end of 2026.
Kuda Bank wants to double its representation in the UK, while 7 Nigerian banks operating there support at least 1,000 jobs. Zenith Bank has opened a new branch in Manchester and has been considering a potential listing on the London Stock Exchange in 2027.
These scenarios mean that Nigeria is becoming a net exporter of financial services expertise and capital. In light of this, when Nigerian tech companies move to open a business in UK, they will be entering an environment that is welcoming to African innovation and where their fellow Nigerians have had success.
UK Visa for Nigerian Entrepreneurs
The Innovator Founder visa is a crucial pathway for Nigerian entrepreneurs seeking to establish a technology venture in the UK. The pathway is intended for entrepreneurs who wish to set up an innovative, viable, and scalable business within the United Kingdom.
In contrast to the previous Innovator pathway, there is no mandatory minimum investment threshold. Nevertheless, Nigerian entrepreneurs must obtain endorsement by a specified UK endorsing body.
Nigerian entrepreneurs need to meet other eligibility criteria, including Innovator Founder visa English requirements, usually at the B2 level of the Common European Framework of Reference for Languages (CEFR).
Entrepreneurs must also demonstrate that they have sufficient funds to cover their personal expenses upon entering the UK. To demonstrate they have sufficient funds, they must present a bank statement showing personal savings of up to £1,270 for 28 consecutive days.
They must also have sufficient funds to cover the expenses of any dependent accompanying them to the UK. This includes an additional £285 for a partner, £315 for the first child and £200 for each additional child in the application.
Alternative Routes
There are other pathways through which Nigerian entrepreneurs can enter the UK to carry out their businesses. The appropriate route to choose depends on the business’s objectives in the UK and its expected timeframe.
A UK Standard Visitor visa would be ideal if the objective is to attend business-related meetings, conferences and negotiations. However, entrepreneurs cannot use this visa to establish and manage a UK business as a main occupation.
For existing companies in Nigeria planning to expand their businesses in the United Kingdom, the UK Expansion Worker visa (under the Global Business Mobility route) is best suited to a qualified senior employee seeking to help their company expand into the UK market.
Frequently Asked Questions
Do I Need a UK Visa If I Already Run a Nigerian Tech Company?
Yes, you need a UK visa to travel to the UK, as running a business in Nigeria does not grant you UK visa-free access. Moreover, Nigerian nationals are non-visa nationals to the UK. As such, Nigerian entrepreneurs and businesspeople must always obtain a UK visa that aligns with their purpose of travel whenever they intend to enter the country.
Do I Need a Physical Office in the UK to Register a Company?
You do not need a physical office to form a UK company, but you must have an officially recognised office in the UK where your business will be registered. This is an address which will receive government correspondence regarding the business.
How Long Does It Take to Expand a Nigerian Tech Business into the UK?
Expanding a Nigerian Tech business into the UK can take up to 3 to 6 months. This period is usually necessary for establishing an IT company operating in Nigeria before it begins operations in the UK. The time it will take entrepreneurs to incorporate such a business depends on whether they choose to establish a remote subsidiary or relocate founders through specific visas such as the Innovator Founder visa or the Global Business Mobility route.
Conclusion
The UK has become a potentially significant destination for expansion for many Nigerian tech startups seeking to open a business in the UK to access the global market. Nigerian tech startups can access funds, qualified personnel, well-developed tech networks, and solid business connections in the UK. To fully benefit from these advantages, Nigerian tech startups must move beyond a basic digital presence and execute a highly strategic, structural integration into the British ecosystem. For Nigerian tech startups to survive and grow in this circumstance, a deliberate effort in structuring and regulation is required.
By Aduragbemi Omiyale
One of the leading manufacturing companies in the country, May & Baker Nigeria Plc, has distanced itself from an investment scheme it described as “fraudulent.”
In a statement on Tuesday, the firm stressed that it has no relationship whatsoever with M&B Equity Stake investment scheme, warning members of the public to “remain vigilant and verify any purported investment opportunity or communication relating to the company through its official communication channels before taking any action.”
May & Baker disclosed that it is not currently undertaking any rights issue, public offer or other capital-raising exercise involving the solicitation of investments from the public.
It stated that any future capital-raising exercise will be formally communicated through its authorised communication channels and conducted in accordance with applicable laws, regulations and the requirements of the Nigerian Exchange (NGX) Limited and other relevant regulatory authorities.
It, therefore, advised the investing public “to disregard such communications, refrain from making any payment or disclosing personal or financial information in response to them and report any such fraudulent activity to the appropriate authorities.”
May & Baker said any person, platform, flier, message, website or other communication soliciting funds from the investing public in the name of May & Baker Nigeria Plc in connection with an M&B Equity Stake or similar investment opportunity is fraudulent, unauthorised and not issued by or on its behalf.
