Economy
Strifor Broker Launches Summer Client Contest
In July 2023, all clients of Strifor broker can take part in a trading contest, the winners of which will receive money prizes ranging from $1,000 to $3,000.
It should be reminded that the Strifor broker has been present on the market for more than three years. It is trusted by traders from CIS countries, Asia (it is especially popular among investors in Indonesia and India) and North Africa. Four account types are available on the service, one of which is an Islamic account. All accounts have fairly low commissions and spreads. For example, Professional account holders, the commission per lot when trading metals and currency pairs does not exceed $5; spreads start at 0.1 pip. Basic and Advanced accounts have slightly higher commissions: $8 and $7 per lot; however, the leverage is 1:500, whereas on the Professional account, the leverage is 1:200.
The Strifor broker’s partners also appreciate its affiliate program and loyalty program. The former allows earning income from all of the referrals’ trades. When the highest, Gold level, is reached, the commission bonus reaches 60%. Two other levels, Silver and Bronze, have 50% and 40% correspondingly. With the Loyalty Program, traders can use their deposits to accumulate funds with an annual yield of up to 18%. Due to this, the Strifor clients can switch from one type of account to another much faster, without investing extra money on their part.
Conditions for participation in the contest
All active users of the service are eligible to take part in the contest. This means that a trader should be verified at strifor.org and has one of the real account types open.
For participation, it is necessary to:
- Send a free-form application to he**@*****or.ltd with the number of the account participating in the contest;
- Confirm consent to participate in the contest by sending an email.
All traders who work over 50 lots during the campaign are guaranteed to win prizes.
There is one important thing! Only orders with activity more than 10 minutes and with the result not less than +/-20 points by Forex tools and metals are taken into the contest results.
The traders, who worked with the largest volume, will get money prizes from the Strifor broker. The award amounts to:
- 1st place – $3000;
- 2nd place – $2000;
- 3rd place – $1000.
The contest period is from July 1, 2023, to July 31, 2023. It is possible to take part in the campaign at any time. The main thing is to send an application during the period of this campaign.
Summing up of results and awarding of prizes
The results of the contest will be announced from August 1, 2023 to August 7, 2023. All prizes will be awarded automatically on August 7, 2023.
Intermediate results will be regularly posted on strifor.org in the “News” section, as well as on the broker’s official Telegram-channel.
Further information on the contest
The Strifor broker points out that:
- Winners and other participants in the campaign are personally responsible for payment of taxes and other fees associated with receiving the money reward;
- If a winner refuses to verify his/her profile and provide identification details, he/she may be denied a prize;
- Only one prize may be awarded to one trader;
- The Strifor employees and their relatives are not eligible to participate;
- All questions and claims regarding the campaign are handled according to the clauses of the client agreement posted on the Strifor broker’s website;
- Participation in the trading contest automatically implies that the trader is familiar with the rules of the contest and fully accepts them.
The broker also notes that the contest winners may be invited for advertising and marketing activities (interviews, photo- and video-reportages, and media publications). At the same time, Strifor undertakes not to disclose the personal data of the campaign participants without their prior consent.
By Aduragbemi Omiyale
The Debt Management Office (DMO) has asked retail investors interested in investing in the FGN savings bonds to begin to talk to their financial advisers.
This is because subscription for the retail bonds for March 2026 has commenced and will close on Friday, March 6, according to a circular issued by the agency on Monday.
The debt office is selling two tenors of the debt instrument, with the shorter note maturing in two years’ time and the longer maturing a year later.
Details of the notice showed that the two-year paper is being offered at a coupon of 12.906 per cent, and the three-year paper at 13.906 per cent.
Both notes are sold at a unit price of N1,000, with a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million. They can be purchased via approved stockbroking firms in Nigeria.
The FGN savings bond qualifies as a security in which trustees may invest under the Trustee Investment Act. It also serves as government securities within the meaning of the Company Income Tax Act (CITA) and the Personal Income Tax Act (PITA) for tax exemption for pension funds, amongst other investors.
It can be used as a liquid asset for liquidity ratio calculation for banks, and is listed on the Nigerian Exchange (NGX) Limited for trading at the secondary market.
The bond is backed by the full faith and credit of the Federal Government of Nigeria (FGN) and charged upon the general assets of the country.
By Adedapo Adesanya
Nigeria has broken up the OPL 245 oil block into four new assets to be operated by Eni and Shell, potentially settling the future of the field at the centre of one of the oil industry’s biggest historic corruption trials.
According to Reuters, the agreement clears the way for the development of OPL 245, one of Nigeria’s biggest deepwater reserves that has remained untapped for almost three decades amid overlapping lawsuits in multiple countries.
The final contracts are expected to be signed starting Monday, the report said, citing a source familiar with the situation.
The Nigerian government had signalled for years that it was keen to find a solution that would bring the block into production. The source wished to remain anonymous as they are not authorised to comment on government policy before an official announcement.
Located in the Niger Delta’s deepwaters, the field has languished since its initial award in 1998 to Malabu Oil and Gas, a shadowy firm controlled by Mr Dan Etete, Nigeria’s oil minister at the time. The block is estimated to hold up to 9 billion barrels of oil equivalent in reserves—enough to rival Nigeria’s entire proven reserves if fully developed.
Mr Etete controversially awarded the lucrative licence to his own company for a nominal $20 million fee, sparking immediate controversy over conflicts of interest.
The saga escalated in 2011 when Malabu sold its rights to a Shell-Eni joint venture for $1.3 billion.
Italian and Nigerian prosecutors alleged that over $1 billion of that sum was siphoned off through bribes to politicians, middlemen, and Mr Etete himself, including hefty payments to then-President Goodluck Jonathan’s associates.
The two European energy giants and some of their former and current executives, including Eni CEO, Mr Claudio Descalzi, faced trial in Italy but all were acquitted in 2021, having denied all wrongdoing.
Shell and Eni have consistently denied wrongdoing, insisting the payments complied with due diligence.
The anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has pursued parallel probes, recovering over $200 million in frozen funds, but progress stalled amid political shifts.
Operations at the Nigerian oil block have been halted for more than a decade by a series of trials and competing legal claims.
In 2023, the federal government withdrew civil claims totalling $1.1 billion against Eni, ending the long battle.
By Modupe Gbadeyanka
The price of Premium Motor Spirit (PMS), otherwise known as petrol, has been increased by at least N100 per litre at the pump.
This followed the recent increase in the price of crude oil in the global market as a result of the bombardment of Iran by the United States and Israel over the weekend.
The air strikes killed the Supreme Leader of Iran, Mr Ayatollah Ali Khamenei, and several others.
Iran has responded by firing missiles at US facilities in some Gulf countries, including Saudi Arabia, Qatar, Kuwait, Bahrain, the UAE, and others.
Crude oil prices rose to about $80 per barrel on the market from about $70 per barrel before the Middle East crisis.
Oil marketers in Nigeria have responded to the tension and have raised the prices of petroleum products.
At most MRS Oil retail stations in Lagos, the new price notice showed an increase of about N100 per litre.
As of Monday, the price of PMS was N837 per litre, but on Tuesday morning, it had changed to N938 per litre, while at NNPC retail stations, it was N930 per litre instead of the previous N830 per litre.
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