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How to build a diversified portfolio as a Nigerian online trader

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At the end of the day it is diversification that is the cornerstone of any successful trading or investing. While diversifying a portfolio is a way of reducing risk for Nigerian online traders, it is also the best route to maximizing returns in a dynamic market context. 

Traders can spread their investments across many asset classes, sectors, and geographical regions, thus reducing the possibility of loss and taking advantage of a plethora of opportunities. Diversification is very important for long-term growth and stability, regardless if you’re trading in forex, stocks, cryptos, or commodities.

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For Nigerian traders wishing to venture into the global market of trading, and grow a diverse portfolio, Exness has robust tools plus resources to maintain an enviable investment portfolio that beats the bank. Nigerian Traders looking to expand their portfolios can get access to forex, indices, commodities, and cryptocurrencies through the Exness platform.

Another powerful tool for portfolio diversification is the MT4 app. The app comes equipped with advanced charting tools, automated trading goods, and real time analytics to offer traders support in making educated decisions in asset classes. MT4 app is accessible both through mobile and desktop devices, and it allows Nigerian traders to manage their portfolios while on the go.

The Importance of Diversification for Nigerian Traders

Diversification refers to dispersing your investments across different types of assets in order for you to not be completely exposed to risk. With such an uncertain terrain as that in the Nigeria where economic fluctuations and market volatility are quite common can have significant effect on financial performance, a diversified portfolio is essential. Key benefits of diversification include:

Risk Reduction: Diversifying investments across different areas prevents one from blowing up your entire portfolio on a bad one.

Optimized Returns: When you take part in many markets, what you’re really doing is increasing your chance of profitable assets.

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Market Resilience: Diversification allows traders to make the least amount of impact when markets go down or in the face of geopolitical events.

A Step-by-Step Guide To Building a Diversified Portfolio

1. Understand Your Investment Goals

If you want to start with trading, it is necessary to define financial goals first. Do you want short-term gains or growth over the long term? The level of risk you’re willing to take is determined by your objectives, as are your choices of assets.

Traders in Nigeria can take advantage of platforms such as Exness owing to its wide selection of assets which it offers, allowing you to optimally align your portfolio with your goals. Whether it’s forex, cryptocurrencies, or commodities you are trading, Exness has the tools to facilitate diversification.

2. Choose the Right Trading Tools

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Managing a portfolio is critical, and it can only happen if you use reliable tools like an MT4 app. The MT4 app offers a range of features that simplify diversification:

  • Multiple Asset Classes: You can trade forex, commodities, indices, and crypto all from 1 platform.

  • Technical Analysis Tools: Advanced indicators and charts will help you spot opportunities in almost any market.

  • Automation: Expert advisors (EAs) enable you to trade automatically and use complex strategies.

The app is versatile enough and is fitted to be used by Nigerian traders who wish to diversify portfolios efficiently.

3. Allocate Across Asset Classes

A diversified portfolio includes exposure to multiple asset classes, such as:

  • Forex: The foreign exchange market is very liquid and very prone to short-term gains.

  • Cryptocurrencies: Bitcoin and Ethereum are digital assets, thus representing high risk, high reward potential.

  • Commodities: Commodities such as gold, oil, and agricultural products help provide stability during periods of economic uncertainty by trading them.

  • Indices and Stocks: Diversification globally and sectorally is achieved from investment in global stock indices or individual stocks.

Nigerian traders are able to easily access these asset classes with Exness, and therefore, their portfolio remains balanced and diversified.

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4. Geographical and Sector Diversification

Another way is to diversify into different regions or industries. For instance:

Regional Diversification: I know what you shouldn’t do—concentrate too much on the Nigerian or African market. However, look into options in US, Europe or Asia.

Sectoral Diversification: It should invest in high risk, low risk and mid risk industries: Technology, Health care, Energy, etc.

This approach is supported by the MT4 app which offers the traders the data and information about the global market to help the traders consider promising sectors and regions.

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5. Rebalance Regularly

The performance of individual assets changes and market conditions change as well. Reviewing and rebalancing your portfolio on a regular basis will help you ensure that your portfolio follows your goals and risk tolerance. Say, if one class of assets does better than others, you will have to redivert investments to keep it balanced.

With the MT4 app, Nigerian traders can easily monitor portfolios with real time analytics, which eliminates the need to make adjustments at a point in time.

For Nigerian online traders to achieve long-term success, a diversified portfolio is a building block. Investments can be distributed across multiple asset classes, regions, and segments, to diminish risk, maximize returns, and manage changing economic situations.

Online trading continues to grow in Nigeria, which means embracing diversification will not just protect your investment but also allow you to grow with it on a continuous basis so that you are not left far behind in the constantly changing financial world. There are proper tools and strategies to build a resilient portfolio that will make you meet your financial goals.

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NucleusIS Africa acquires Rigo Microfinance Bank

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Africa’s fast growing technology company completes 100% acquisition of Rigo Microfinance Bank, making it one of the biggest healthcare finance technology companies in Africa. NucleusIS Africa Limited, Africa’s fastest-growing technology company, has announced its acquisition of Rigo Microfinance Bank Limited. This landmark takeover is expected to strengthen NucleusIS Africa’s ability to deliver cutting-edge healthcare financing services across the continent.

 

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Speaking on the acquisition at press time, Mr. Femi Niyi, Board Chairman of NucleusIS Africa Limited, expressed optimism about the expanded opportunities this acquisition creates. “This acquisition aligns perfectly with our vision of transforming healthcare financing in Africa. Combining our innovative solutions with Rigo Microfinance Bank’s financial services infrastructure will enable us to address critical healthcare challenges more effectively,” he said.

The acquisition underscores NucleusIS Africa’s mission to close the healthcare funding gap through technology-driven solutions. By integrating Rigo Microfinance Bank’s established financial infrastructure, the company aims to broaden its reach and enhance its ability to offer seamless, customized financial services to healthcare providers and patients.

Industry experts believe this acquisition positions NucleusIS Africa as the leading force in healthcare finance innovation across Africa. NucleusIS Africa will be able to better support medical service providers and expand access to essential healthcare services for more Africans.

 

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With the added capacity, the company plans to introduce new financial products designed to support healthcare providers, facilitate patient financing, and significantly improve access to quality healthcare services.

The move is a strategic step toward reshaping Africa’s healthcare financing landscape.

 

The acquisition of Rigo Microfinance Bank Limited marks a new chapter in the company’s mission to create sustainable healthcare solutions through financial empowerment.

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NucleusIS Africa Limited, founded in 2021, is a Nigerian Tech Company leading groundbreaking innovation to enhance healthcare access in Africa, through technology and finance driven solutions. The company’s flagship platform automates health insurance operations, connecting insurers, healthcare providers, and individuals across Nigeria and Ghana.Within the last few years, the organization has onboarded over 700,000 insured individuals, while partnering with major health insurance providers.

NucleusIS has also introduced a groundbreaking credit product – Provider Advance, that has transformed the financing landscape for healthcare businesses.  Pharmacies, hospitals, laboratories, and other providers can access collateral-free business loans in as little as 48 hours, eliminating the traditional financing hurdles of collateral requirements and lengthy turnaround times.

Within the last few years NucleusIS has demonstrated its commitment to supporting the healthcare industry, having disbursed over  ₦10 Billion in loans to healthcare businesses across Nigeria.

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Fuel hike, bad roads behind onion shortage – Anambra traders

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Traders and buyers at Eke Awka Market, in Anambra State’s capital, have attributed the scarcity of onions to rising fuel prices and the country’s poor road network.

A News Agency of Nigeria (NAN) survey conducted on Tuesday revealed that onions, a key condiment used to spice food, have become increasingly difficult to find and afford.

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Obigaeli Nwokoye, a petty trader dealing in onions, explained that a few weeks ago, there was no onion available in the entire market due to bad roads. She added that suppliers from the northern part of the country faced delays, as the high cost of fuel and poor road conditions hindered transportation and logistics.

“Drivers coming from Kano face major challenges, which delay their deliveries to Awka.

“The government should address these issues and give special attention to food transporters to ensure a steady supply of food items.”

Mrs Chioma Okeke, another seller, shared that the price of a bag of onions had skyrocketed to ₦370,000, compared to ₦258,000 in November. She further noted that the price had steadily increased throughout the year, from between ₦70,000 and ₦90,000 in January to ₦110,000 to ₦170,000 around August/October.

“From November to December, the price jumped to between ₦250,000 and ₦300,000.”

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Mrs Doris Beluchukwu, a buyer, expressed frustration at the soaring prices and scarcity.

“Onions that used to cost ₦100 or ₦200 are now priced between ₦500 and ₦2,000,” she said.

She also urged the government to ensure its food regulatory agencies functioned effectively, as some of the food shortages might be artificial.

“Government needs to act quickly to ensure a steady supply of basic food items to markets across the country,” Beluchukwu added.

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Free Slots: An accessible way to enjoy casino games

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According to statistics, the revenue in the online gambling market is projected to reach 97.15 billion USD in 2024. This represents a revenue change of 14.1%. As more and more people want to enjoy the fun of the casino, it makes sense for online casinos to offer some games for free. In this article, we’ll tell you all about free slots and how you can access them for casino fun.

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How Free Slots Work

Essentially, free slots are slot machine games that don’t cost you anything to play them. This means you can enjoy them as much as you want without worrying about spending any money. There are many benefits to this, of course. You can find your favorite games and enjoy them without the gambling element and you can try out new games to see if you like them before spending any of your hard-earned cash. 

The games you can play will vary from site to site, just like their paid versions. You’ll get access to all of the common features like bonus rounds, free spins, and the progressive jackpot element if there is one. However, because you’re playing for free, anything you win will also be virtual, so there’s no chance of winning a payout—unless you’re using free spins from a no-deposit bonus, for example. 

The Benefits of Free Online Slots

Free online slots have their advantages. Here’s a summary of why many people enjoy them:

  • It’s risk-free entertainment: You can play the games to your heart’s content without the fear of losing money being there. 

  • Skill development: For slots that are more strategic or challenging, free slots and demo versions mean you get to practice your gameplay and familiarize yourself with the rules. 

  • Work out how much you’d like to play with: When you play a game for free, you can test out its volatility and RTP (return to player) to see if it’s worth the risk of betting higher or whether you should stick to small amounts. 

  • Diverse game selection: Free slots are available in a wide range of themes and styles. There are thousands of different ones available so you’ll always find something you enjoy.

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Key Features to Look For in Free Slots

Ultimately, what you look out for depends on the individual, but some things will make the free slot experience better. This includes:

  • The graphics and sound: This enhances the gaming experience and some games are much better than others. 

  • Return-to-player (RTP) percentage: Playing free slots allows you to test out games with different RTPs to see if you like playing them and they’re worth the risk if the RTP is lower. 

  • Mobile compatibility: Trying out a game on a mobile device for the first time can be a bit hit-and-miss. Using a free version means you can see if it works well before spending your money. 

Tips For Finding the Best Free Online Slots

To find the best free slots, you’ll need to look around. Some online casinos don’t allow you to play their games for free until you register while others are happy to let you try them out before you sign up. 

Looking at online reviews by other players is also useful as you won’t then waste time playing games you know aren’t great. Also, there are plenty of sites that aren’t casinos that allow you to play games by top developers in demo mode. 

The Potential Problem of Free Slots in Online Gaming

Realistically, software developers allow you to play their games for free because they want you to enjoy them. Online casinos offer free games to entice you to join and spend real cash. If you know this and are a responsible gamer, there’s no reason why you can’t have fun playing this way. All reputable sites have responsible gaming tools so if you do decide to stop playing the free versions, be sure to join a site that is licensed and reputable, then you have protection against problem gambling. 

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Conclusion

Free slots have so many advantages and as long as you’re aware of the potential downside and are a responsible gamer, there’s no reason why you can’t continue to enjoy free slots for as long as you want. These are an entry point into the world of online casinos but they can just be where you stop too. Free slots are a relaxed way of learning about casino gaming mechanics and can help you unwind. 

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