Business

Why Forex Trading Is So Popular

Published

4 years ago

February 22, 2022

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.

Business

Withdrawal, Deposit Fees Changes From May 1, 2026 Still Stands – CBN … Declares 5 Banking Services Free

Published

2 days ago

May 6, 2026

The Tide

The Central Bank of Nigeria (CBN) has said that the announced changes in fees attached to several everyday banking services, scheduled to take effect on May 1, 2026 has commenced.

The changes are contained in the apex bank’s revised Guide to Charges by Banks and Other Financial Institutions, which outlines consumer-focused reforms designed to improve transparency and reduce the burden of banking fees nationwide.

According to the document, which was signed by Dr. Rita Sike, the CBN’s Director of the Financial Policy and Regulation Department, the new changes affect account reactivation, ATM withdrawals on own bank networks, and virtual card issuance.

Following the changes made by CBN, the five key banking services affected by the CBN’s update are in account reactivation and closure, under which banks are no longer allowed to charge customers for reactivating dormant accounts, while account closure also remains free.

The second change is that banks will now be required to provide monthly statement of account to their customers at no cost, and also ensure better access to financial information.

However, requests for printed statements outside the agreed standard format attract a maximum fee of N20 per page.

Thirdly, the CBN has introduced small inter-bank electronic transfers to promote digital payments and micro-transactions.

The implication is that, henceforth, transfers from N0 to N5,000 are free, transfers between N5,000 and N50,000 will attract a maximum fee of N10, while transfers above N50,000 are capped at N50.

The fourth change in the CBN update is in the use of own bank’s ATM (On-Us Transactions).

Here, withdrawals made from your bank’s ATM (on-us transactions) are free. Non-cash transactions, such as intra-bank transfers carried out at these ATMs, also attract no charges.

The fifth change is in virtual cards and PIN management in which banks are now required to issue virtual cards at no cost. In addition, PIN-related services, including PIN re-issuance and resets, are free for all customers.

The document further said the new charges guide, which aims to boost financial inclusion and reduce banking costs, updates the 2020 version to better align with current market realities, particularly the growing reliance on digital payments and mobile banking.

Business

Binani Air Commences Flight Operations May 10 in Nigeria

Published

2 days ago

May 6, 2026

The Tide

Binani Air has announced the commencement of sales tickets on Monday, describing the development as a milestone that will improve the aviation sector and create jobs for the people in Nigeria, as head of its scheduled inaugural flight operations starts May 10, 2026,

In a statement issued by the head of corporate communications of the new airline, the move marks a significant milestone in the aviation sector.

She said this announces the transition from vision to operation as the airline moves closer to welcoming its first passengers on board.

Quoting the Chief Executive Officer of Binani Air, Aminatu Dahiru Chiroma, the Corporate communications officer said,”the commencement of ticket sales represents more than just access to flights. It reflects the airline’s readiness to deliver a new standard of air travel in Nigeria.

“Opening our ticket sales is a defining moment for us. It is the point at which our commitment becomes real for the travelling public. From this moment, we are not just preparing to fly—we are preparing to serve.

“Built on the principles of reliability, safety, and respect for passengers’ time, Binani Air enters the market with a clear focus on consistency and operational discipline.

“The airline is committed to delivering a travel experience that is both seamless and reassuring, particularly in a sector where trust remains critical.

“Passengers can expect a streamlined booking process, responsive customer engagement, and a service culture designed to prioritize comfort and professionalism from the very first interaction”.

Chiroma said as anticipation builds towards the inaugural flight, Binani Air invites travellers, corporate partners, and stakeholders to be part of this defining journey, one that seeks to reshape expectations and restore confidence in Nigerian aviation.

She said “bookings are available via the airline’s official website (www.binaniair.com) and authorised travel partners from 12 noon of 4th of May 2026.”

Business

DANGOTE Debunks Claims Of Rift With Tony

Published

2 days ago

May 6, 2026

The Tide

The Dangote Group has dismissed as false and malicious publication alleging that its President, Aliko Dangote, distanced himself from fellow businessman Tony Elumelu.

In a statement issued by the company, the Group said it never made such claims and described the report as baseless and a deliberate misrepresentation of facts.

The statement was signed by the Group Chief Branding and Communications Officer of Dangote Industries Limited Anthony Chiejina.

The company also refuted assertions that the development of the Dangote Petroleum Refinery & Petrochemicals was financed through personal borrowing from friends.

It maintained that such claims are entirely inaccurate, stressing that Dangote does not fund projects through informal personal lending arrangements.

Addressing speculation about a fallout between Dangote and Elumelu, the Group clarified that both men maintain a longstanding and cordial relationship.

The statement further expressed concern over what it described as a growing trend of fabricated statements and the unauthorised use of Dangote’s name, image, and likeness in AI-generated advertisements and misleading content, warning that such actions could amount to fraud and reputational damage.

The company warned individuals and platforms involved in spreading false information to desist immediately, noting that it would take appropriate legal action where necessary.

The Dangote Group reiterated its commitment to maintaining high standards of integrity while continuing to promote industrialisation, economic self-sufficiency, and sustainable development across Africa.

Nkpemenyie Mcdominic, Lagos