Economy
Finq.com | Insightful Assessment And Comparison To Other Brokers

When looking for an online trading platform, you’ve likely come across finq.com. Making the right choice in a sea of online brokers is critical for your trading success.
Traders Union compiled the Finq.com review to guide you in navigating the complex world of online trading. To help you make an informed decision, this finq.com review presents an in-depth analysis of the platform’s features, performance, and offerings.
What is Finq.com?
According to TU experts, finq.com is a trading platform managed by Dilna Investments Ltd and regulated by the FSA of Seychelles under license number SD007. Finq.com provides access to CFD trading on an advanced WebTrader platform and mobile application. Here, traders can deal with over 2100 assets, including Forex, stocks, indices, commodities, ETFs, and bonds. The platform also provides round-the-clock customer support for all your queries from Monday to Friday.
Analysis of the main features of the Forex broker
TU experts have rated finq.com with an overall score of 2.26 out of 10. The broker scored 2.05 in order execution, 2.47 in investment instruments, and 2.11 in withdrawal speed. The quality of customer support is rated at 2.41, and the variety of instruments available is valued at 2.63. The trading platform received a score of 1.89 out of 10, indicating areas that need improvement.
Trading conditions for Finq.com users
Finq.com offers different platforms, including MT4, Webtrader, and Mobile platforms. Account types vary from Micro to Exclusive; the account currency is USD. Payment methods include Bank Wire Transfer, Credit/Debit Card, Neteller, and Skrill. The minimum deposit required is 100 USD with a leverage of 1:300. Instruments offered for trading include stocks, Forex, indices, commodities, bonds, ETFs, and Crypto. Unfortunately, no PAMM accounts, trading features, contests, or bonuses are available.
Finq.com compared to other brokers
RoboForex
RoboForex, a premier platform in the online trading landscape, offers its traders a wide array of trading opportunities in Forex, metals, stocks, indexes, CFDs, and ETFs. Renowned for its flexible trading conditions, the platform caters to novice traders and seasoned investors. Its robust security measures ensure a safe trading environment where traders can confidently navigate the market.
Pocket Option
As an eminent player in the online brokerage world, Pocket Option provides a diversified range of trading instruments, including Forex, metals, stocks, options, indices, CFDs, and ETFs. The platform has a well-deserved reputation for its user-friendly interface that makes it easy for experienced traders and beginners to get to grips with the intricacies of trading.
Tickmill
Tickmill is a respected online trading platform presenting a broad range of trading instruments such as Forex, metals, stocks, options, indices, CFDs, and ETFs. The platform distinguishes itself in the industry through its competitive spreads and superior customer service. Tickmill’s user-friendly platform, combined with its speedy execution and low spreads, makes it a favorite among many traders.
EXNESS Group
The EXNESS Group is a reputable broker offering diverse trading instruments, including Forex, metals, stocks, options, indices, CFDs, and ETFs. The platform is highly appreciated for its instant withdrawal service, which ensures traders have quick and easy access to their profits. Catering to beginners and professionals, the EXNESS Group offers a user-friendly interface supplemented with a wealth of educational resources and advanced trading tools.
AMarkets
AMarkets is a distinguished online broker that allows trading in Forex, metals, stocks, options, indices, CFDs, and ETFs. It is notably recognized for its comprehensive educational resources that equip traders with the necessary skills and knowledge for successful trading. Furthermore, the platform’s 24/7 customer support ensures traders receive assistance whenever needed, reinforcing the platform’s commitment to offering an all-round stellar trading experience.
In addition, Traders Union has also reviewed the ETX trading platform. To read a detailed review of the trading platform, you may visit the official website of Traders Union.
Conclusion
While finq.com provides a considerable range of trading assets, several areas need improvement. The ratings and user feedback indicate that the platform must enhance its services to compete effectively with other brokers. Visit the Traders Union’s official website for insightful broker reviews.
Economy
Renaissance Shuts Down Okordia–Rumuekpe Pipeline After Oil Leak

By Aduragbemi Omiyale and Adedapo Adesanya
Crude oil feed into the Okordia–Rumuekpe pipeline in Rivers State has been suspended by Renaissance Africa Energy Company Limited.
This action was taken by the energy firm after a leak in the 14-inch pipeline in Ikata under the Ahoada East Local Government Area of Rivers State.
Before now, the oil facility was operated by Shell Petroleum Development Company (SPDC), but Renaissance recently acquired all the oil assets of Shell in a deal finally approved by the federal government.
Business Post reports that Renaissance took over onshore oil and gas assets of Shell in Nigeria for about $2.4 billion.
The recent oil leak was the first major incident the facility was experiencing since the transaction was concluded a few months ago.
Confirming the shutdown in a statement on Tuesday, a spokesperson for Renaissance Africa Energy, Mr Michael Akande, explained that the action was taken to protect the environment.
“We have taken immediate steps to isolate and discontinue production into the pipeline to minimise any potential environmental impact,” Mr Adande stated.
He noted that the relevant regulatory authorities have been informed of the oil leak, assuring that the company will cooperate with the regulators to determine the cause and extent of the spill.
“Government regulators have been informed, and we are actively coordinating the statutory joint investigation visit, which will include their representatives and those from the local community,” he added.
As anticipation builds for the outcome of the JIV, environmental advocates and local leaders have called for transparency and immediate remediation.
Nigeria’s oil production have been affected over the years by a series of challenges. While efforts to curb them have yielded some results, the country is still far from hitting its 2.06 million barrels per day target to fund its 2025 budget.
Nigeria’s oil production peaked at 2.5 million barrels decades ago and despite ambitious 3-4 million barrels promises by subsequent governments, the highest actualisation in recent times have been 1.8 million barrels per day.
Economy
Nigerian Telcos Add 3.39 million Customers as Internet Users Drop in Q1 2025

By Adedapo Adesanya
Telecommunications operators in Nigeria added about 3.39 million telephone lines in the first quarter of 2025, pushing active users to 172.7 million, amounting to 79.67 per cent teledensity, according to the latest data released by the Nigerian Communications Commission (NCC) on Tuesday.
The industry regulator also said the number of active telephone users moved from 169.3 million as of January to 172.7 million by March ending.
The latest data showed that 4G technology remained most dominant in the country with 48.82 per cent penetration, followed by 2G at 40 per cent and 3G at 8.40 per cent.
The Fifth Generation (5G) offered by MTN, Mafab and Airtel leaped slightly by 0.16 per cent from 2.54 per cent as of the beginning of the year to 2.70 per cent by the end of March.
The 2.70 per cent means that of the 172.7 million active telephone users in the country, 4.66 million are using the 5G network.
Further analysis, however, showed a drop in the number of Internet users in the country. As of January, it was 142, 161,409 but dropped to 142,053, 537. But Broadband penetration rose to 47.73 per cent from 45.61 per cent. Interestingly, there are now 103.5 million broadband users in the country.
In terms of market dominance, MTN maintained the lead with 90 million users and 52. 4 per cent market reach. Airtel is second with 58.3 million customers and 33.8 per cent reach. Globacom came third with 12 per cent penetration and 20.7 million subscribers. 9mobile is fourth with 1.72 per cent nationwide penetration and 2.96 million customers.
This development comes amid rising complaint of worsening service offering by telcos in the past few days.
So far, only MTN has apologised for service glitch experienced by some subscribers yesterday.
Business Post reports that some MTN subscribers across Nigeria experienced a lengthy network downtime on Tuesday disrupting flow of work and communication.
As a result of the glitch, many users on the network were unable to access the internet and many social networking apps, except WhatsApp.
Speaking to this newspaper, a person identified as Albert Adeoye, said, “MTN really affected me yesterday. I heard people complaining but I didn’t know it was that bad.”
Economy
NASD Index Drops 0.02% to 3,289.00 Points

By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange made a 0.02 per cent marginal slide on Tuesday, May 6, leaving the NASD Unlisted Security Index (NSI) down by 0.66 per cent to 3,289.00 points from the previous session’s 3,289.66 points.
In the same vein, the market capitalisation fell by N390 million to close at N1.925 trillion compared with the preceding trading day’s N1.926 trillion.
Afriland Properties Plc dropped N1.10 to close at N14.90 per share compared with the previous day’s N16.00 per share, FrieslandCampina Wamco Nigeria Plc lost N1.08 to settle at N38.92 per unit versus Monday’s closing price of N40.00 per unit, and UBN Property Plc went down by 22 Kobo to finish at N1.98 per share, in contrast to the previous day’s N2.20 per share.
On the flip side, the share price of Mixta Real Estate Plc increased by 45 Kobo to close at N5.00 per unit versus N4.55 per unit, and First Trust Microfinance Bank Plc expanded by 1 Kobo to trade at 63 Kobo per share compared with Monday’s closing price of 62 Kobo per share.
Yesterday, there was a 12,683.9 per cent rise in the volume of securities traded to 2.5 million units from the 19,920 units recorded in the previous trading day, there was also a 3,874.1 per cent increase in the value of securities transacted to N34.7 million from N872,687, and there was 320 per cent leap in the number of deals to 42 deals from 10 deals.
When the market closed for the day, Impresit Bakolori Plc remained the most traded stock by volume (year-to-date) with 533.9 million units worth N520.9 million, followed by Geo-Fluids Plc with 265.7 million units valued at N469.3 million, and Okitipupa Plc with 153.6 million units sold for N4.9 billion.
Also, Okitipupa Plc was the most traded stock by value (year-to-date) with 153.6 million sold for N4.9 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 18.8 million units valued at N721.1 million, and Impresit Bakolori Plc with 533.9 million units worth N520.9 million.
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