Economy
Introduction to Prop Firms for Synthetic Indices in Nigeria
Nigeria is a rapidly growing economy that has attracted modern financial investments such as trading. One can easily trade forex, synthetic indices, CFDs, and other instruments. One option that stands out is trading synthetic indices through the help of pro firms.
It is an incredible opportunity for qualified traders who need funding to proceed. Furthermore, reputable prop firms for synthetic indices in Nigeria can absorb losses and only keep a small portion of profit while the trader keeps the rest.
If you would like to know more about prop firms offering synthetic indices in Nigeria, then you are in the right place.
What Are Prop Firms in Nigeria?
A prop firm is a proprietary trading firm that gives traders money to trade and then gets a share of the profit earned by the trader. These are investor companies that focus on synthetic trading and others, such as Forex.
There are a number of prop firms for synthetic indices in Nigeria. They provide initial money to trade synthetic indices and allow you to retain most of the profit, and they also absorb losses incurred.
How Do Prop Firms for Synthetic Indices in Nigeria Work?
Since synthetic indices prop firms in Nigeria are prone to losses when the traders lose, they use a vetting process before funding any trader. Whether you are looking for a Deriv synthetic indices prop firm or one that will allow you to trade on Weltrade, you will need to follow these steps:
- Vetting and verification of traders – Nigeria has both international and local prop firms for synthetic indices. These firms ensure that they vet and verify traders online before they fund them. This challenge phase tests the chances of profitability through consistency and risk management.
- Funding of traders – Reputable prop firms for synthetic indices in Nigeria fund traders who pass the first phase so they can proceed to trade. They fund through a virtual account up to $200,000 and also ask successful traders to follow strict trade guidelines.
- Profit sharing – Prop firms for synthetic indices in Nigeria often follow international standards of taking the lower amount in a profit split of 70/30 or 90/10. This is a lucrative opportunity that only successful traders can enjoy.
How to Get Funded Prop Firms for Synthetic Indices in Nigeria
Is there any prop firm for synthetic indices in Nigeria? As mentioned, there are both international and local prop firms around the country, and any of them can fund you successfully. The key to getting funded quickly and easily is to get an appropriate firm. Take your time to check the pros and cons of popular prop firms for synthetic indices in Nigeria before settling on one.
You have to be ready for the most challenging phase. Both beginners and seasoned traders can show incredible risk management strategies and consistency to prove to the funding investor that they can make a profit. This will definitely compel them to fund you.
Conclusion
It is easy to find reputable prop firms for synthetic indices in Nigeria and get funded to trade and make a profit. Take your time to prepare for this vigorous exercise and trade like a pro to make a profit. If you are consistently successful, you are more likely to gain favor from a funding company. Good luck!
By Aduragbemi Omiyale
The sum of N1.681 trillion has been disbursed to the federal government, the 36 states and the 774 local government areas of the federation from the N2.849 trillion generated in April 2025 by the nation, higher than the N1.719 trillion earned in March 2025.
The money was given to the three tiers of government by the Federation Account Allocation Committee (FAAC) after its meeting for this month.
A statement issued after the meeting held in Abuja disclosed that last month, Petroleum Profit Tax (PPT), Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL), Value Added Tax (VAT), Excise Duty, Import Duty and CET Levies increased significantly, while Companies Income Tax (CIT) decreased considerably.
It was revealed that the N1.681 trillion shared in May 2025 comprised distributable statutory revenue of N962.882 billion, distributable VAT revenue of N598.077 billion, EMTL revenue of N38.862 billion and exchange difference of N81.407 billion.
From the N1.681 trillion, the federal government got N565.307 billion, the states received N556.741 billion, the local councils were given N406.627 billion, and the oil-producing states took N152.553 billion as 13 per cent of mineral revenue.
From the N962.882 billion distributable statutory revenue, the national government was given N431.307 billion, N218.765 billion was disbursed to the states, N168.659 billion went to the local councils, and N144. 151 billion was distributed among the oil-generating states as 13 per cent of mineral revenue.
In addition, from the N598.077 billion distributable VAT revenue, FAAC gave the central government N89.712 billion, N299.039 billion to the state government, and N209.327 billion to the local governments.
Further, from the N38.862 billion generated from EMTL, the federal government got N5.829 billion, the state governments received N19.431 billion, and the local councils went away with N13.602 billion.
Also, from the N81.407 billion exchange difference, the federal government took N38.459 billion, the state governments went with N19.507 billion, the local governments received N15.039 billion, and the oil-producing states shared N8.402 billion as 13 per cent of mineral revenue.
By Dipo Olowookere
The last trading session of this week ended a positive note with a 0.22 per cent leap on Friday, influenced by continued demand for local equities.
During the session, the All-Share Index (ASI) gained 242.73 points to close at 109,710.37 points compared with the 109,467.64 points it ended in the preceding trading day, and the market capitalisation expanded by N152 billion to finish at N68.953 trillion versus Thursday’s closing value of N68.801 trillion.
Business Post reports that the consumer goods lost its momentum yesterday, going down by 0.26 per cent at the close of transactions.
However, the commodity index gained 2.08 per cent, the insurance counter appreciated by 1.10 per cent, the energy sector improved by 0.52 per cent, the industrial goods industry jumped by 0.27 per cent, and the banking sector grew by 0.10 per cent.
A total of 36 stocks ended on the gainers’ table and 21 stocks finished on the losers’ chart, implying a positive market breadth index and strong investor sentiment.
Four shares chalked up the maximum 10.00 per cent price appreciation on Friday and they were Northern Nigeria Flour Mills, Trans-Nationwide Express, Champion Breweries, and Honeywell Flour, quoting at N119.90, N2.20, N6.82, and N18.15, respectively, as Beta Glass gained 9.99 per cent to finish at N235.05.
On the flip side, International Energy Insurance depreciated by 9.57 per cent to N1.70, Multiverse slumped by 9.55 per cent to N8.05, The Initiates tumbled by 7.86 per cent to N6.80, University Press crashed by 7.37 per cent to N4.40, and Regency Alliance lost 6.78 per cent to sell for 55 Kobo.
Investors traded 431.8 million equities worth N8.6 billion in 16,400 deals during the session compared with the 716.1 million equities valued at N13.7 billion exchanged in 14,559 deals in the previous day, showing an increase in the number of deals by 12.65 per cent and a fall in the trading volume and value by 39.70 per cent and 37.23 per cent apiece.
The busiest stock was Access Holdings with 32.1 million units valued at N739.7 million, GTCO transacted 30.9 million units for N2.1 billion, AIICO Insurance traded 28.9 million units worth N46.5 million, Universal Insurance exchanged 25.0 million units valued at N13.0 million, and Chams sold 23.8 million units worth N54.2 million.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended recent gains by 0.03 per cent on Friday, May 16, supported by five companies, whose share prices closed green.
NASD Plc added N2.09 to close at N22.99 per unit compared with Thursday’s closing price of N20.90 per unit, Geo-Fluids Plc gained 23 Kobo to settle at N2.54 per share versus the preceding day’s N2.31 per share, Nipco Plc appreciated by 8 Kobo to N199.88 per unit from N199.80 per unit, Afriland Properties Plc grew by 5 Kobo to N17.50 per share from N17.45 per share, and FrieslandCampina Wamco Nigeria Plc gained 2 Kobo to finish at N41.00 per unit compared with the previous closing value of N40.98 per unit.
As as result, the NASD Unlisted Security Index (NSI) rose by 0.99 per cent to 3,154.86 points from the previous session’s 3,153.87 points, and the market capitalisation went up by N580 million to close at N1.847 trillion from N1.846 trillion quoted at the preceding session.
Business Post reports that during the session, Central Securities Clearing System (CSCS) lost 29 Kobo to trade at N25.70 per share versus N23.99 per share, and First Trust Mortgage Bank Plc shrank by 2 Kobo to 61 Kobo per unit from 63 Kobo per unit.
A look at the activity chart indicated that the number of deals carried out by investors increased by 24.1 per cent to 36 deals from 29 deals, previously recorded at the previous session, the value of transactions rose by 196.9 per cent to N15.4 million from N5.2 million, while the volume of securities bought and sold decreased by 16.6 per cent to 253,960 units from the 304,374 units recorded a day earlier.
Impresit Bakolori Plc remained the most active stock by volume (year-to-date) with 536.9 million units sold for N524.7 million, Geo-Fluids Plc posted 266.4 million units valued at N470.6 million, and Okitipupa Plc recorded 153.6 million units worth N4.9 billion.
Okitipupa Plc ended the day as the most active stock by value (year-to-date) with 153.6 million units worth N4.9 billion, FrieslandCampina Wamco Nigeria Plc traded 21.8 million units valued at N837.9 million, and Impresit Bakolori Plc exchanged 536.9 million units for N524.7 million.
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