Economy
NGX Mulls Ways to Create Access for Diaspora Investments

By Aduragbemi Omiyale
A few months ago, some digital brokerage firms came up with ways to allow Nigerian investors to invest in foreign equities but the Securities and Exchange Commission (SEC) clamped down on them, stating that they had no authorisation to do that.
However, the Nigerian Exchange (NGX) Limited is working tirelessly to ensure domestic investors have access to diaspora investments and others.
According to the chief executive of the NGX, Mr Temi Popoola, this is one of the focus areas of the exchange to deepen the Nigerian capital market.
At NGX, our efforts are focused on four key areas: first, how can we further diversify products through the securitisation of fixed income instruments; second, how can we build a platform where we can trade infrastructure tax credits; third, how do we tap into new sources of capital to improve retail investment and participation; and finally, how can we create access for diaspora investments.
“We are confident that with the right regulatory support and engagements such as this, we begin to build and deploy solutions that address these and more,” Mr Popoola said at a strategic meeting with market stakeholders organised by the Debt Management Office (DMO) in Lagos last week.
He restated the commitment of the bourse to support the debt office to deepen the capital market, acknowledging the contributions of the agency to the growth of the capital market.
“The Nigerian capital market is certainly deeper as a result of the activities of the DMO evidenced by-products such as Sukuk Bonds, Eurobonds and Federal Government Bonds.
“It is evident to capital market enablers that we must adopt a collaborative approach to deepening our market for the benefit of all,” he said.
In her remarks, the Director-General of the DMO, Ms Patience Oniha, commended critical stakeholders for their role in helping the federal government build the Nigerian economy.
She acknowledged the critical importance of debt financing in Nigeria especially as it relates to financing infrastructure projects, stating that, “Given the significance of debt in any economy, capital market enablers are integral to the development of the Nigerian economy making it imperative that we have engagements such as this.”
“I thank you for all your commitment evidenced by your being here today and I believe that the DMO can continue to count on your support,” the debt office boss disclosed.
Economy
Retail vs. Institutional Forex Trading: What Nigerian Traders Need to Know

Most traders in Nigeria are retail traders. They use personal money and trade on online platforms. Understanding how retail trading compares to institutional trading helps new traders make better choices. Knowing the differences also helps traders set realistic goals and avoid common traps. Retail traders do not have the same power, tools, or market influence as institutions, but they can still grow their accounts with smart choices and consistent habits. This article will explain the key differences and how Nigerian retail traders can succeed by focusing on skill, discipline, and risk control.
What Is Retail Forex Trading?
Retail traders trade with their own money, usually in small amounts. They use mobile apps or desktop platforms like MetaTrader to buy and sell financial instruments. Retail trading is open to anyone with internet access and a small deposit, which makes it popular in Nigeria. However, retail traders usually have limited access to financial data, trading tools, and fast execution speeds.
What Is Institutional Trading?
Institutional trading is carried out by banks, hedge funds, and large financial firms. These institutions trade large volumes of money and have direct access to liquidity providers. They use advanced tools, private data feeds, and faster order execution. Their trading decisions are often based on deep market analysis and are supported by teams of professionals.
Key Differences Between Retail and Institutional Trading
- Capital: Institutions manage millions or even billions in assets. In contrast, retail traders often begin with as little as $100 or $1,000. The amount of capital affects how trades are placed and how much risk is taken.
- Tools and Access: Institutional traders use advanced trading software, direct market access, and exclusive data sources. Retail traders work with public platforms and slower data, which can limit their reaction time.
- Market Impact: Institutional traders place large orders that can influence price movement. Retail traders do not affect market direction due to the smaller size of their trades.
- Costs: Institutions pay lower fees and spreads because they trade in bulk. Retail traders usually face higher costs per trade, including wider spreads and commissions.
Can Retail FX Traders Succeed?
Yes, retail traders can succeed if they follow a clear plan and manage risk properly. Many individuals in Nigeria have turned small accounts into meaningful profits by being consistent and disciplined. They focus on learning, testing strategies, and avoiding emotional decisions. You can read about successful forex traders from Nigeria.
Tips for Retail Traders in Nigeria
Retail traders in Nigeria should focus on using a simple strategy that they understand clearly. They should risk only a small amount of their capital on each trade to avoid large losses. It is important to trade without emotion and to treat each trade as a learning opportunity to improve future decisions. Keeping a trading journal can also help track progress and find patterns in both success and failure.
Economy
SEC to Discuss Unregistered Investment Schemes at First CMC Meeting of 2025

By Aduragbemi Omiyale
The first Capital Market Committee (CMC) meeting of 2025 in Nigeria will take place on Monday, May 19, the Securities and Exchange Commission (SEC) has confirmed.
One of the major issues to be discussed at the gathering is the activities of unregistered investment schemes in the country.
This is coming a few weeks after many Nigerians fell victims of a popular Ponzi scheme, Crypto Bridge Exchange (CBEX).
It was speculated that the organisation went away with funds belonging to Nigerian investors worth about $1 billion. Victims could not withdraw their money from their wallets with the platform.
At the CMC meeting taking place less than two weeks’ time, the capital market regulator will explore ways to better inform Nigerians on available authorised capital market products.
“The meeting will focus on critical issues affecting the market and ensure that those concerns are thoroughly addressed.
“Participants will also deliberate on the activities of unregistered investment schemes and explore ways to better inform Nigerians on available capital market products,” parts of the notice from SEC read.
In addition, the committee will deliberate on the implementation of the Investments and Securities Act 2025, recently signed by President Bola Tinubu.
Further, participants will brainstorm on strategies to drive capital market growth in line with Mr Tinubu’s Renewed Hope Agenda.
Also, the meeting will review the market’s current regulatory landscape and develop strategies to attract investments, improve market efficiency, and protect investors.
The team will, equally, examine reports from technical committees, market infrastructures, and industry observers to guide discussions on emerging market trends and regulatory reforms.
Business Post reports that expected at the CMC meeting are capital market operators, trade groups, investment advisers, fund and portfolio managers, and custodians.
Economy
Naira Slips to N1,606/$1 at Official Market as FX Demand Pressure Mounts

By Adedapo Adesanya
The Naira fell further against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, May 5 by 0.2 per cent or N4.22 to N1,606.91/$1 from the N1,602.69/$1 it closed in the preceding trading session.
Also, the Nigerian currency depreciated against the Pound Sterling in the official market yesterday by N4.43 to settle at N2,137.73/£1 compared with last Friday’s rate of N2,133.30/£1 and tumbled against the Euro by N1.51 to finish at N1,821.75/€1, in contrast to the previous trading day’s N1,820.24/€1.
The local currency was under pressure in the spot market on Monday as a result of mounting forex demand pressure amid the slowdown in the supply of forex into the market by Central Bank of Nigeria (CBN).
In a twist of event, the Naira improved its value against the US Dollar in the parallel market yesterday by N5 to sell for N1,600/$1 versus the preceding trading day’s value of N1,605/$1.
As for the cryptocurrency market, it turned bearish on Monday as two relevant committees in the US House of Representatives have released a discussion draft of the legislation they hope will establish a regulatory regime for cryptocurrency in the US.
The draft details the public disclosures that crypto projects would be required to make. It also provides for digital assets developers to raise capital under the Securities and Exchange Commission’s watch, or to register with the CFTC to handle the trading of digital commodities.
The bill is meant to finally establish “clear lines” between the jurisdictions of the two U.S. markets regulators, a question that’s been a thorn in the side of US crypto businesses.
Litecoin (LTC) lost 3.5 per cent to sell at $87.05, Cardano (ADA) slumped by 3.3 per cent to $0.6636, Ripple (XRP) tumbled by 1.8 per cent to $2.13, Dogecoin (DOGE) slid by 0.7 per cent to $0.1707, Bitcoin (BTC) went down by 0.5 per cent to $94,784.02, and Ethereum (ETH) depreciated by 0.4 per cent to $1,818.44.
On the flip side, Binance Coin (BNB) rose by 1.7 per cent to $598.92, and Solana (SOL) appreciated by 0.2 per cent to $146.96, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 apiece.
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