Friday, 22 June 2018
Big investors turning to online trading
In the last couple of years, online trading has become a major attraction for professional and inexperienced investors.
Nowadays, big investors prefer investing their money in the global financial markets. Similarly, inexperienced people have found that online trading could be a main source of additional income.
Experts say that today more and more people with no investment experience are taking advantage of the opportunities that online trading provides.
People from the age of 30 to 43, with and without trading knowledge are investing their money every day in trading currencies, stocks or gold on the global financial markets.
1. Great comfort
Being open 24/7, the global financial markets allow investors to trade at their convenience. Early in the morning, late at night or whenever they have free time.
Additionally, some traders take advantage of the opportunity to invest with their mobile phones and smartphones, using the mobile trading apps. This way, they can earn money whenever they spot a profit opportunity.
2. Without a broker
Nowadays, the broker has been largely replaced by online trading platforms that give investors direct access to financial markets.
Trading online allows investors to minimise the transaction costs associated with each trade. Rather than paying a broker commission on every trade, when trading online investors typically pay much lower transaction costs.
Additionally, trading online gives investors control that would otherwise lie with the broker, and allows traders to make their own decisions rather than relying on the judgment of another individual.
3. Small investment
In the past two years, online trading has attracted a great number of expert investors and inexperienced people and one of the main reasons is the small amount of investment required to get started.
Today, anyone can start trading on the global financial markets with as little as a $500 investment.
4. Fast profits
Online trading is a type of investment that allows instant profits. Investors can place a trader when they a see profit opportunity and profit within a short period.
By trading online only in their free time, some investors have registered bigger profits than with any other type of investment. Some traders say that it takes them no more than 20 minutes to place a trade and collect their profits.
Because it requires no education and previous experience, online trading is available not only to big investors but to anyone who has the desire to invest in the global financial markets.
You can start today or anytime you want and learn with a free online trading course.
Published in Opinion & Analysis
The South African National Civic Organisation (Sanco) says the introduction of the National Health Insurance (NHI) and Medical Schemes Amendment bills will "revolutionise" healthcare in South Africa.
On Thursday, Health Minister Aaron Motsoaledi presented to the public the two bills which aim to put in place a set of health-financing reforms to provide universal health coverage.
Sanco appeared to agree with the minister's plan to ensure that the "rich will subsidise the poor, the young will subsidise the old, and the healthy must subsidise the sick".
Sanco spokesperson Motlalepula Rosho said: "NHI will raise resources required to address inequalities while ensuring that all citizens access quality healthcare, which is currently the preserve of the affluent."
She said opposition to the introduction of NHI was largely influenced by sections of the private healthcare sector and pharmaceutical companies that benefit from medical aid schemes.
"Doctors who are servicing disadvantaged communities, who have curtailed claim rates from medical aid schemes as opposed to their counterparts operating from private healthcare facilities, will also derive equitable benefits from the proposed changes," Rosho emphasised.
During his presentation, the minister explained that an NHI Fund would be established as a public entity, which will be governed by the Public Finance Management Act.
The fund will be a single public purchaser and financier of health services in the country, to ensure "equitable and fair distribution", and will be a mandatory pre-payment health services system.
Healthcare services, medicines, health goods and health-related products from certified, accredited and contracted service providers will be financed by the fund.
It will "pool funds to provide access to quality health services for all South Africans based on their health needs and irrespective of their socio-economic status", the minister explained.
The ultimate goal of NHI is to ensure that everyone has the same access and standard of healthcare, regardless of their income.
The NHI Bill will also require amendments to 12 other pieces of legislation in order to pave the way for an effective national fund.
Source: News24
Published in Opinion & Analysis
Investors looking for a haven amid the rout in emerging markets over the past two months would have found one in Nigeria’s domestic debt.
Naira bonds issued by the government have returned 8.4 percent in dollar terms this year, the most in the Bloomberg Barclays Global EM Local Currency Index, which includes 25 countries from Argentina to Turkey. And it’s the only local-currency debt not to have made losses this quarter.
Nigeria's local bonds have outperformed peers since March
Note: Average total return for government local debt in dollar terms
Franklin Templeton Investments and BlackRock Inc. are among global money managers that are bullish on Nigerian securities, enticed by average yields of 13.4 percent, which, while down from almost 17 percent in August, are still among the highest in the world.
They’re also confident the OPEC member will be able to keep the naira stable, thanks in part to oil prices having climbed around 60 percent in the past year. The naira’s barely budged since a devaluation last year, and held its own as other emerging currencies began to tumble in April. The Abuja-based central bank is keen to keep it that way, at least until February’s elections.
South: Bloomberg News
Published in News Economy
As part of efforts to grow stronger economic ties between Nigeria and Germany, the delegation of German Industry and Commerce in Nigeria in collaboration with Nigeria-German Business Association and the German-African Business Association (Afrika-Verein der deutschen Wirtschaft) hopes to explore new investment opportunities at this year’s forum.
According to the organisers, the investment forum which kicked-off yesterday with the theme; “Leveraging partnership for economic growth”, will provide opportunities for Nigerian and German businesses to network, exchange information and establish business contacts.
Speaking at the German-Nigeria business forum, the Governor of Lagos state, Akinwunmi Ambode represented by the Commissioner for Commerce, Industry and Cooperatives, Lagos, Olayinka Oladunjoye assured investors of stable political environment, improvement in power supply, security in the state, among others.
Ambode said his government is currently focusing on the development of critical business sectors such as agriculture and food processing, provision of equipment to farmers, promotion of agricultural value chains, and expansion of fish production.He further revealed that 1000MW of power out of the proposed 4000MW will be available this year, stressing that it will reduce dependence on gas from the Niger delta as he also called on investors to take advantage of the Lagos State free trade zone which is open to all nationals and countries of the world.
“Without doubt, Lagos state is a commercial and industrial state in Nigeria with the population of 24.8 million and at annual population growth rate of 3.2 per cent, immigration rate of six persons per hour, 25 per cent active youth population between 15 and 25 years. Lagos State is the fifth largest economy in Africa having a gross domestic product of $136 billion and accounting for almost third per cent of the country’s GDP. Therefore as an economic giant of Africa, Lagos state will continue to design and administer policies and initiatives that will help attract investment to Nigeria”, he added.
A delegate, Delegation of German Industry and Commerce in Nigeria, Dr. Marc Lucassen said the aim of the forum was to promote economic prosperity between Nigeria and German, create more business opportunities and provide excellent relationship between both countries.The Ambassador of Germany to Nigeria, Dr. Bernhard Schlagheck called on the Federal Government of Nigeria to provide adequate security for investors as economic stability is imperative in any economy. He also implored the government to ensure free and fair election in the country.
The Executive Secretary/CEO Nigeria Investment Promotion Council (NIPC), Yewande Sadiku during her presentation described Africa as the most attractive investment destination in the world, stating that the population speaks to market and potential consumers as Africa is the only continent designated in 2050 to grow more than double in size, while Nigeria will grow more than five per cent a year.
She urged investors to believe Africa and Nigeria’s attractiveness will improve in the future, stating that statistics shows 66 per cent believe attractiveness has improved over the past year in Africa, while 81 per cent believe the attractiveness will improve over the next few years.According to her, part of the nation’s growth plan is to diversify the economy and a lot of growth seen has been driven by the non-oil sector.
South: The Guardian
Published in Business

The Nigerian National Petroleum Corporation (NNPC) has rolled over its crude for oil products contracts worth about $6 billion by six months until the end of the 2018, the Group Managing Director of the corporation, Dr. Maikanti Baru, has said.

This is coming as a report from the World Bank, the Nigeria Biannual Economic Update, has shown that two unbudgeted costs incurred by the federal government in 2017 may have contributed to the reduction in oil revenues that it could have earned within the year.

The Minister of State for Petroleum, Dr. Ibe Kachikwu, has also laid out plans on how he would lead African oil producers as the President of the African Petroleum Producers Organisation (APPO).

Also the Organisation of Petroleum Exporting Countries (OPEC) meets Friday to decide output policy amid calls from top consumers such as the United States, China and India to cool down oil prices and support the world economy by producing more crude.

NNPC’s crude swap deals, which were previously referred to as offshore crude oil processing agreements (OPAs) and crude-for-products exchange arrangements, are now known as Direct Sale-Direct Purchase Agreements (DSDP).

NNPC had in May 2017, signed the deals with local and international traders to exchange about 330,000 barrels per day (bpd) of crude oil for imported petrol and diesel, as part of measures to sustain the supply of petroleum products across the country.

But Reuters quoted Maikanti as saying in Vienna, Austria, Thursday that the deals, which are due to expire by the end of this month, have been extended until the end of this year.

“We have rolled it over until the end of December,” Baru said on the side-lines of the OPEC seminar in Vienna.

Unlike the 2016 contracts, which included only companies with refineries so as to cut out middlemen, the beneficiaries of 2017 contracts include international trading houses, and not just refineries.

Some of the companies that benefitted include Varo Energy, Societe Ivorienne de Raffinage (SIR), Total and Cepsa.

Each of the 10 oil traders/refineries partnered local Nigerian companies to win 33,000 barrels per day allocations.

According to the list, Trafigura partnered AA Rano to clinch 33,000 barrels per day; Petrocam paired with Rainoil and Falcon Crest to win 33,000 bpd; Mocoh partnered Heyden Petroleum to get 33,000 bpd; Cepsa paired with Oando to win 33,000 bpd; while Sahara is partnering Societe Ivorienne de Raffinage (SIR) for 33,000 bpd.

Five other groups that also got 33,000 bpd each include: Mercuria and Matrix/Rahamanniya; Socar and Hyde; Litaso and MRS; Vitol and Varo; and Total, which is partnering its Nigerian subsidiary.

In another development, a report by the World Bank Macroeconomic, Trade and Investment Global Practice Nigeria Team said an unbudgeted N1.2 trillion joint venture costs paid by the NNPC out of federal government’s oil export revenue, as well as unbudgeted fuel subsidies deducted from oil export revenues by the NNPC, all depleted government’s oil revenue.

The report, which was obtained from the webpage of the Bank, stated that about N128.9 billion was deducted by the NNPC as at November 2017 from oil revenues due to the Federation Account, as subsidy payments for imported petrol.

“Federally collected revenues continued to underperform in 2017 and fiscal deficits remained high. Only 60 per cent of targeted revenues were realized,” said the report.

“Oil revenue performance was particularly low at 53 per cent of the budgeted amount despite rising oil prices and output in 2017. One reason was that the government had not budgeted for N1.2 trillion in joint venture costs paid by the Nigeria National Petroleum Corporation (NNPC) out of government oil export revenue, resulting in much lower net oil revenues than budgeted,” the report said.

“The NNPC also deducted unbudgeted fuel subsidies from oil export revenues, representing additional revenue losses. Landing and transportation costs for imported Premium Motor Spirit (PMS or petrol) were higher than the cap on the domestic pump price. By November, the NNPC deducted subsidy payments of N128.9 billion from oil revenues due to the Federation Account in 2017. Independent oil marketers stopped importing PMS to avoid losses,” it added.

According to the report, the federal government’s 2017 budget implementation was hampered by shortfalls in federally and internally collected revenues, adding that its share of oil revenue was only 53 per cent of budget.

The corporation’s Group General Manager, Public Affairs, Mr. Ndu Ughamadu, said: “We have not sighted the said report to really understand the content.”

Meanwhile, in a key note speech he delivered at the seventh International Seminar of the Organisation of Petroleum Exporting Countries (OPEC) in Vienna, Austria, Kachikwu said he planned to work collaboratively with other APPO member countries to mainstream growth of the continent’s oil industry.

He also stated that he would attempt to reset the investment criteria in the continent’s oil industry to make attracting investments into it easier in the nearest future. Tweets from the ministry of petroleum resources, which THISDAY monitored, contained some of what Kachikwu said in his speech.

He said that for Africa to be prepared for the future of oil, its countries must embrace collaboration and collectivism, adding that this would enable the continent achieve sustainable investment in her oil and gas sector.

Meanwhile, OPEC meets Friday to decide output policy amid calls from the United States, China and India to pump more oil into the international market so as to reduce oil prices and support the world economy.

OPEC edged closer Thursday towards raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable.

A production rise of about one million barrels per day (bpd) or around one per cent of global supply was emerging as a consensus for the group and its allies, OPEC sources told Reuters, adding that Iran could agree under certain conditions.

Russia, which is not in OPEC, has proposed producers raise output by 1.5 million bpd. Saudi Energy Minister Khalid al-Falih said Thursday the world needed at least an extra one million bpd to avoid a shortage in the second half of 2018.

OPEC and its allies have since last year been participating in a deal to cut output by 1.8 million bpd. The measure has helped rebalance the market in the past 18 months and lifted oil to around $73 per barrel Thursday from as low as $27 in February 2016.

The price of the global benchmark, Brent crude oil had hit $80 before it dropped to $73. But unexpected outages in Venezuela, Libya and Angola have effectively brought supply cuts to around 2.8 million bpd in recent months.

Iran’s output is also likely to fall in the second half of this year due to new U.S. sanctions. Iran, OPEC’s third-largest producer, has so far been the main barrier to a new deal as it said on Tuesday OPEC was unlikely to reach an agreement and should reject pressure from U.S. President Donald Trump to pump more oil.

But on Wednesday, Iranian Oil Minister Bijan Zanganeh said OPEC members that had over-delivered on cuts in recent months should comply with agreed quotas.

- Thisdaylive

Published in Business
  1. Opinions and Analysis


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