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 [email protected] 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 deadline for the recapitalisation of the Nigerian pension industry has been extended by six months to June 2027 from December 2026.
This extension was approved by the National Pension Commission (PenCom), the agency, which regulates the sector in the country.
Addressing newsmen on Thursday in Lagos, the Director-General of PenCom, Ms Omolola Oloworaran, explained that the shift in deadline was to give operators more time to boost the capital base, dismissing speculations that the exercise had been suspended.
“The recapitalisation has not been suspended. We have communicated the requirements to the Pension Fund Administrators (PFAs), and we expect every operator to be compliant by June 2027. Anyone who is not compliant by then will lose their licence,” Ms Oloworaran told journalists.
She added that, “From a regulatory standpoint, our major challenge is ensuring compliance. We are working with ICPC, labour and the TUC to ensure employers remit pension contributions for their employees.”
The DG noted that engagements with industry operators indicated broad acceptance of the policy, with many PFAs already taking steps to raise additional capital or explore mergers and acquisitions.
“You may see some mergers and acquisitions in the industry, but what is clear is that the recapitalisation exercise is on track and the industry agrees with us,” she stated.
PenCom wants the PFAs to increase their capital base and has created three categories, with the first consists operators with Assets Under Management of N500 billion and above. They are expected to have a minimum capital of N20 billion and one per cent of AUM above N500 billion.
The second category has PFAs with AUM below N500 billion, which must have at least N20 billion as capital base.
The last segment comprises special-purpose PFAs such as NPF Pensions Limited, whose minimum capital was pegged at N30 billion, and the Nigerian University Pension Management Company Limited, whose minimum capital was fixed at N20 billion.
By Adedapo Adesanya
Three securities weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.68 per cent on Thursday, December 18.
According to data, Central Securities Clearing System (CSCS) Plc led the losers’ group after it slipped by N2.87 to N36.78 per share from N39.65 per share, Golden Capital Plc depreciated by 77 Kobo to end at N6.98 per unit versus the previous day’s N7.77 per unit, and FrieslandCampina Wamco Nigeria Plc dropped 19 Kobo to sell at N60.00 per share versus Wednesday’s closing price of N60.19 per share.
At the close of business, the market capitalisation lost N16.81 billion to finish at N2.147 billion compared with the preceding session’s N2.164 trillion, and the NASD Unlisted Security Index (NSI) declined by 24.76 points to 3,589.88 points from 3,614.64 points.
Yesterday, the volume of securities bought and sold increased by 49.3 per cent to 30.5 million units from 20.4 million units, the value of securities surged by 211.8 per cent to N225.1 million from N72.2 million, and the number of deals jumped by 33.3 per cent to 28 deals from 21 deals.
Infrastructure Credit Guarantee Company (InfraCredit) Plc remained the most traded stock by value with a year-to-date sale of 5.8 billion units valued at N16.4 billion, followed by Okitipupa Plc with 178.9 million units transacted for N9.5 billion, and MRS Oil Plc with 36.1 million units worth N4.9 billion.
Similarly, InfraCredit Plc ended as the most traded stock by volume on a year-to-date basis with 5.8 billion units traded for N16.4 billion, trailed by Industrial and General Insurance (IGI) Plc with 1.2 billion units sold for N420.7 million, and Impresit Bakolori Plc with 536.9 million units exchanged for N524.9 million.
By Dipo Olowookere
The All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited has again crossed the 150,000-point threshold on Thursday as the demand of for local intensifies.
The market was up by 0.35 per cent during the session, with the NGX index inching higher by 520.23 points to 150,363.05 points from the previous day’s 149,842.82 points and the market capitalisation climbed by N332 billion to N95.857 trillion from N95.525 trillion.
During the session, the consumer goods index grew by 1.23 per cent, the banking counter expanded by 0.56 per cent, and the energy sector appreciated by 0.05 per cent.
However, the insurance industry went down by 0.23 per cent, while the commodity and the industrial goods sectors closed flat.
Nestle Nigeria gained 10.00 per cent to trade at N1,958.00, Guinness Nigeria improved by 9.98 per cent to N289.70, Aluminium Extrusion Industries rose by 9.76 per cent to N11.25, DAAR Communications soared by 9.20 per cent to 95 Kobo, and Mecure Industries surged by 9.13 per cent to N55.00.
On the flip side, Stanbic IBTC lost 9.33 per cent to settle at N95.20, Lasaco Assurance went down by 9.09 per cent to N2.50, Africa Prudential slipped by 8.82 per cent, Austin Laz depreciated by 8.82 per cent to N12.40, and Sterling Holdings crashed by 6.12 per cent to N6.90.
There were 35 price gainers and 26 price losers yesterday, implying a positive market breadth index and bullish investor sentiment.
During the session, a total of 839.8 million equities valued at N32.8 billion exchanged hands in 23,211 deals compared with the 5.9 billion equities worth N216.2 billion traded in 25,205 deals a day earlier, indicating a decline in the trading volume, value, and number of deals by 85.77 per cent, 84.83 per cent, and 7.91 per cent apiece.
The day’s busiest stock was First Holdco with a turnover of 385.6 million units sold for N15.6 billion, FCMB traded 76.0 million units worth N805.3 million, Lasaco Assurance exchanged 43.6 million units valued at N111.8 million, Access Holdings transacted 29.6 million units worth N616.8 million, and Chams sold 24.8 million units valued at N75.4 million.
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