Connect with us

Business

Why Forex Trading Is So Popular

Published

on

Forex trading has become increasingly popular over the last few years, and you might have heard a lot more people talking about it lately. But why do so many people consider forex the go-to strategy for investing money these days? Well, there are several reasons why individuals are turning to the forex market, and a few of those reasons are discussed below.

There’s Always an Opportunity to Trade

One of the many reasons why forex trading is a sought-after investment strategy is because you can get in at any time you want, and you can trade regardless of what is going on in the economy. Basically, if you are able to use tools to carefully watch the behaviors of various currencies over time, you might begin to predict with greater accuracy whether they will rise or fall. And then you can place your trades based on what you think will happen to the values of any currencies you are working with. Basically, as long as there are currencies, you will be able to use forex to place trades.

You Don’t Need to Put a Lot of Money into the Forex Market

If you are new to trading and investing, or you just don’t feel comfortable putting a lot of your money into the forex market, that is completely fine. Even with a minimal investment, you might be able to get a great return. This is yet another reason why people turn to forex. So, if you have realized that you don’t want to trade in the stock market, perhaps because you don’t have the funds to do so just yet, you might want to start off with forex and see where it takes you. Although there are different approaches to investment advice platforms, you can check Motley Fool vs Morningstar review as they offer investment advice and newsletters to help you make the best financial decisions.

You Can Do It Online and on the Go

Yet another reason why forex trading is so popular is because you can do it from just about anywhere as long as you have access to a platform that allows you to trade even when you are not at your computer. There are many forex brokers that you can choose from, and you can quickly and easily create an account online with the broker that you think will be the right fit for your expectations and needs. If the broker provides you with a mobile app, you can then trade when you are at home, at work, and on the go, so you will never miss a chance to make money and reduce your risk of losses.

You Can Learn About It Online

The main thing to remember before getting into the forex market is that it does come with a level of risk. Therefore, it’s a great idea to do your research and learn how to trade currency pairs before you begin. That way, you can have the confidence and background information you need to make smarter trades that will yield better results. And the best part is that there are many resources that you can find online, as well as experts that you might be able to consult with, to learn how to trade in the forex market, so you can start whenever you are ready.

As you can see, there are several good reasons to give forex trading a try, and these are just some of the many reasons why it is used by so many people.

Continue Reading

Business

USTR Criticises Nigeria’s Import Ban On Agriculture, Others

Published

on

The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the  Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.

Continue Reading

Business

Expert Seeks Cooperative-Driven Investments In Agriculture 

Published

on

A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.

Continue Reading

Business

NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers

Published

on

The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.

King Onunwor

Continue Reading

Trending