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 Adedapo Adesanya

On Monday, oil prices fell by nearly 3 per cent on signs of progress in talks between the United States and Iran, while investors remained concerned about economic headwinds from tariffs that could curb fuel demand.

Brent crude depreciated during the session by $1.93 or 2.8 per cent to $66.03 a barrel and the US West Texas Intermediate (WTI) crude fell by $1.69 or 2.6 per cent to $62.99 a barrel.

The market had closed last Thursday and could not trade on Good Friday because of a public holiday for Easter.

The US-Iran talks seem relatively positive, which allows for people to start thinking about the possibility of a solution.

Iranian Foreign Minister Abbas Araghchi also said in a post on X that the talks made “progress on principles and objectives of a possible deal” but warned that “optimism may be warranted but only with a great deal of caution.”

This came after further sanctions by the US last week against a Chinese independent oil refinery that it alleges processed Iranian crude, ramping up pressure on Iran.

Lingering concerns about a global trade war also weighed on oil prices as traders await signs of progress from President Donald Trump’s trade talks.

Potentially adding to the worries, China has threatened to retaliate against any countries that reach a trade deal with the US at the expense of China’s interests. This put more pressure on traders.

Markets also came under stress on Monday after US President Donald Trump repeated criticisms about the Federal Reserve.

Last week, the American President threatened to fire Mr Jerome Powell as the head of the US central bank over the country’s monetary policy.

The US economy could slow down unless interest rates are lowered immediately, President Donald Trump said on Monday.

Meanwhile, the Organisation of the Petroleum Exporting Countries and allies such as Russia, collectively known as OPEC+, is still expected to increase output by 411,000 barrels per day starting in May.

Some of that increase may be offset by cuts from countries that have been exceeding their quotas including Iraq and Kazakhstan.

Last week, seven oil-producing nations cut output by a further 369,000 barrels per day in monthly steps between now and June 2026, compared with an earlier plan running from March until next June.

Under the latest plan, monthly cuts will range from 196,000 barrels per day to 520,000 barrels per day from this month until June 2026, up from between 189,000 barrels per day and 435,000 barrels per day previously.

Should the latest cuts be made in full, the compensation plan would to a large extent offset a planned 411,000 barrels per day output increase being made by other members of OPEC+ in May, providing additional support for the oil market.

By Modupe Gbadeyanka

A subsidiary of Stanbic IBTC Holdings Plc, Stanbic IBTC Trustees, has affirmed its leadership in delivering customer-centric fiduciary and investment solutions across the region.

The company said this after it was recently recognised as the Most Customer-Focused Trust and Investment Company of the Year for Nigeria at the 2025 West Africa Innovation Awards (WAIA).

The honour bestowed on the trustee for Customer Service Excellence reinforces its reputation for delivering exceptional client experiences, driven by innovation, integrity, and a deep understanding of the evolving financial needs for their clients.

“Being recognised as the most customer-focused trust and investment company of the year is both humbling and inspiring.

“This award reflects the strong relationships we have built with our clients and our commitment to not only meet expectations but to consistently exceed them through innovative and ethical service delivery,” the chief executive-designate of the organisation, Ms Emi Agaba-Oloja, stated at the award ceremony held in Lagos.

“What sets Stanbic IBTC Trustees apart is our willingness to embrace innovation in a traditionally conservative industry.

“As we work on digital onboarding to bespoke trust solutions, we strive to simplify complex processes and deliver insights that empower our clients.

“Our goal is to make trusteeship more responsive, inclusive, and accessible to Nigerians. A sincere thank you to our clients, partners and the incredible team that continue to drive our success,” she added.

The West Africa Innovation Awards, now in their 14th year, is a leading regional platform that is attended by a wide range of government stakeholders, brand experts, and corporate leaders in West Africa.

As the field of wealth management and trust services undergoes constant transformation, Stanbic IBTC Trustees says it remains at the forefront, redefining standards and demonstrating a commitment to empathy and innovation, stressing that the award reinvigorates a drive to empower clients and protect legacies for future generations.