Telecom
FXTM Unveils New Mobile Trading App Designed Specifically for Traders
FXTM, a global award-winning forex broker, on Thursday announced the launch of its new mobile trading app that is designed to meet the specific needs of its clientele.
The company stated that the App is developed in-house and tailored to the specific needs of FXTM’s clientele.
“FXTM Trader is an all-in-one, free-to-download mobile tool that provides traders and investors the ability to manage all of their trading accounts, the MyFXTM client portal, and to trade the markets directly through built-in, user-friendly software.
“FXTM Trader is now available to download in English for both iOS and Android devices on the App Store and Google Play, respectively.
FXTM Trader offers clients’ full access to the client portal MyFXTM, plus the added ability to trade directly – something that FXTM’s in-house team has been developing for many months.
Lex Webster, Chief Commercial Officer, FXTM, Speaking about the latest achievement, said “In today’s mobile era, our home and work lives demand on-the-go tools that allow us to do what we want to do, when we want to do it.
“Considering the 24/5 nature of the financial markets, traders can especially appreciate this.
“We are proud to launch this latest mobile service, FXTM Trader, which is aimed to be more than just another suitable trading tool. We want it to be an indispensable one.”
Rather than being the first to deliver a product in the industry, FXTM’s strategy is focused more on ensuring the product is catered to suit the needs of its traders.
This year has marked a number of remarkable milestones for the broker, one of which was passing the 1 million threshold in client registrations on a brand level.
The statement further stated that data from 2018 also shows that more than 70% of FXTM’s traffic comes from mobile, making this an ideal time to launch FXTM Trader; it fits perfectly with evolving global trends while effectively meeting clients’ needs.
“The innovative new application features an all-new, user-friendly design and navigation system, where traders can easily switch from managing their internal operations within the client portal MyFXTM, to opening new trading accounts and entering buy or sell positions in the market.
“Traders can customise the functionalities of the app in a way that enhances their online trading experience and makes it even more convenient to gain access to what’s important for them.
While FXTM will continuously look for ways to integrate new features into the app, and will consistently be updating it over the coming months to ensure its adaptability with new operating systems, clients can already start benefiting from the following main features:
- Open, close and modify positions on all 250+ forex and CFD instruments offered by FXTM – both in Live and Demo environments.
- Live Quotes streamed from top-tier liquidity providers via FXTM’s ECN and Standard Servers (Majors, Minors, Exotics and Spot Metals) – customisable through a filter function.
- All-new Currency Charts (Bar, Line or Candlestick) with a variety of customisable functions, including the ability to apply three popular indicators, which allows users to analyse price movements across multiple time-frames and instruments.
- 1-click trading for ultimate market accessibility and convenience, giving clients the power to enter and exit the market within seconds.
- All of the familiar MyFXTM functions from the ForexTime App, including opening new accounts, depositing, withdrawing, transferring funds between accounts, managing FXTM Invest*, and entering promotions
- User-friendly interface allowing traders to check their balance, margin, profits and more in just a few taps
Launched initially in English, FXTM Trader will be available in additional languages very soon.
Telecom
MobileCoreX Taps Wireless Technology Labs in Multi-Million Dollar Deal to Build New Mobile Core Network across Nigeria
Wireless Technology Labs (WTL) today announced that it has been chosen by MobileCoreX Ltd (MCX), Nigeria’s premier Mobile Virtual Network Enabler (MVNE), to spearhead the development of the country’s first mobile virtual network in a landmark deal valued at millions of US dollars over the next three years.
This initiative aims to enhance mobile connectivity for Nigeria’s 220+ million residents, addressing the current challenges of low broadband penetration and poor quality of service.
Nigeria’s telecom sector is predominantly dominated by four major operators—MTN, Airtel, Globacom, and 9Mobile – with only 29% of Nigerian’s 220+m population regularly accessing the mobile internet, (GSMA figures) due to poor coverage and a variety of other issues.
In Q2 of 2023, the Nigerian Communications Commission (NCC) adopted a new strategy to boost coverage and adoption, it issued 43 Mobile Virtual Network Operator (MVNO) licenses to amplify service coverage, particularly in unserved and underserved regions.
Amongst the licensee’s was MCX which obtained a tier 4 MVNE license aimed at constructing new mobile network infrastructure to provide capacity for emerging MVNOs as a platform as a service.
“Coverage, poor quality of service, costs and inflexible value propositions in Nigeria have persisted for too long.
“We are committed to leveraging innovative technology to create more competitive networks that reduce costs for consumers and provides value propositions that suite that needs,” stated Mr. Habib Ahmed, CEO of MCX.
He emphasized WTL’s pivotal role in delivering the carrier-grade core systems required for a comprehensive suite of mobile services, encompassing voice, data, and value-added features to meet the diverse needs of MVNO clients.
WTL, headquartered in Belgium, with over 20 years of experience, has been active in Nigeria and across Africa, working with operators of all sizes to rollout both urban and rural networks, work which has garnered it widespread recognition and industry awards.
The company has already partnered with two of the 43 new MVNOs licensed by the NCC, showcasing its commitment to enhancing telecom infrastructure in the region.
Mr. Satya Mekala, CEO of WTL “This partnership is about empowering a new entrant to make significant impact in the telecom market.
“We are committed to supporting MCX in its journey from a newcomer to a major player in the industry.
“Our advanced Core systems will ensure that MCX can offer reliable, scalable, and innovative mobile services from day one”.
As the telecom industry in Nigeria undergoes transformative changes, this collaboration signals a promising future for mobile connectivity and digital adoption in the country.
WTL will be showcasing its capabilities at upcoming events including MVNO Nation 2024 in Valencia, 6-8 November and The Africa Tech Festival in Cape Town, 12-14 November, further reinforcing its commitment to driving digital adoption across the continent and the globe.
To learn more about how WTL can help with the rollout of MVNO/E urban and rural networks in Africa, please email [email protected]
Telecom
Edo State Launches Data Centre in Benin
Governor Godwin Obaseki of Edo has said that reforms by his administration in the digital and technology space over the last eight years have revolutionised the state.
The Governor who stated this on Friday at the launch of the Edo State Digital Policy and Edo Data Centre, disclosed that was the first data centre owned by a state in Nigeria.
According to him, his reforms had repositioned Edo as a leading state in digital inclusion in Nigeria, adding that his government was leveraging technology as a catalyst for socio-economic development and inclusive growth.
He said: “I welcome you to the only data center owned by a state in Nigeria. This event is significant because we have started a revolution in Edo State, a digital revolution. We are rounding up with a policy statement that will guide this revolution into the future.
“The population of Edo is scaled towards the youths as they are born in a digital age. The future is digital. It will be difficult to navigate the world today without technology. If you want to develop and grow rapidly, you must begin to think of how to use technology.
“The pace of the advancement of technology in the world today is scary. So, just imagine those who have not started yet; I don’t think they can live in the future world. In Edo, we have always been ahead in our history. We have been a knowledgeable people as we interacted at a global level over 500 years ago on our own level.
“To catch up, we had to do something else and different. That was why from the beginning it was clear to us that we had to introduce technology and make sure that we begin to retrain our young ones, the youths, to own this digital world and the confidence in it.”
Obaseki added: “We have moved Edo into the digital superhighway and to operate on that superhighway, they must know the rules and must be guided by certain rules and practices. That is what we are doing today and incorporating in this policy document. This will enable everybody to understand the shape of this high way and what they need to do on this high way.”
The governor continued: “I had the privilege of working with young people in Edo State and working together, we set up EdoJobs and the Edo Innovate Hub as these have helped our young people and till date, over 50,000 young men and women have benefited from various training and programmes from Edo Innovate. We have been lucky to build a digital ecosystem which has grown rapidly.
“Years ago, as the Chairman of the State’s Economy Team, we set up the ICTA but we struggled all through but we kept it alive, and set up the law governing it. The agency is principally responsible for providing technology for the government.
“I am proud today of what we have done in Edo State which is all-encompassing as no aspect of government in Edo State that has not been digitized or in the process of digitization. All Government jobs have been digitized, and it is not difficult to operate in Edo as files can’t miss again.”
He said: “Technology has made it easy for our children to learn in school through the EdoBEST programme. We have over 400,000 children in our public schools. We have data in all our public schools, teachers, parents and ward of our pupils.
“You can go to any of our primary healthcare centers today without seeing your records, especially if you have registered and with our health insurance. Security, healthcare, agriculture, education and other areas, we have introduced technology.
Telecom
IHS Nigeria Donates Solar-powered Boreholes to Support Flood Victims in Maiduguri, Borno State
IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has announced the donation of four solar-powered boreholes to support victims of recent floods in Maiduguri, Borno State.
The donation, which will be delivered through the United Nations Children’s Fund’s (UNICEF) emergency flood response, will help address the most urgent needs of flood-affected populations in Borno State, especially those displaced following flooding in Maiduguri Metropolitan Council, Jere and Konduga LGAs.
The response by IHS Nigeria and UNICEF will help mitigate the impact of the flood and the risk of waterborne diseases for nearly 20,000 people, including vulnerable groups such as pregnant women and young mothers, children, and patients visiting health centers.
The four solar-powered boreholes donated by IHS Nigeria will be constructed in displaced peoples’ settlements and other temporary displacement sites.
This will include in densely populated areas without access to a safe water source, at schools to help facilitate the early return of children to classes, and at health centers, which are also used as Outpatient Therapeutic Program sites and provide nutrition services and counselling for pregnant women, young mothers, and malnourished children.
Mohamad Darwish, CEO, IHS Nigeria, said, “We empathize with the government and people of Borno State and extend our sympathies to those who lost loved ones and properties in the flood.
“We are aware that as people begin to return to their homes and communities with flood waters receding, they continue to face major risk factors, including damaged and contaminated water sources.
“A key priority for us, which informed our donation of these boreholes, is to help prevent or limit outbreaks of communicable diseases such as cholera, while improving water, sanitation and hygiene (WASH) services for affected populations.
This donation is an extension of our partnership with UNICEF, which since 2021 has supported the provision of WASH facilities to over 6,000 beneficiaries and enabled the delivery of over one million preventive and curative treatments for tropical diseases related to WASH.”
Cristian Munduate, UNICEF Representative in Nigeria, said, “UNICEF is very grateful to IHS Nigeria for their generous donation of solar-powered boreholes, which comes at a critical time for communities affected by recent floods in Borno State.
“This contribution will not only provide essential safe water to thousands, but also protect vulnerable populations, including children, from the threat of waterborne diseases, and support communities as they work to start rebuilding their lives and livelihood.
“Together with IHS Nigeria, we are making significant strides in safeguarding children and families, and strengthening resilience through our shared commitment to water, sanitation and hygiene services in emergencies.”
IHS Nigeria’s long-standing partnership with UNICEF was recently demonstrated by the visit of Kitty van der Heidjen, UNICEF’s Deputy Executive Director, Partnerships, and her team to the company’s Head Office in Lagos.
Kitty van der Heidjen expressed her appreciation for the ongoing partnership with IHS Nigeria in empowering the country’s youth through education and digital connectivity. Under UNICEF’s Generation Unlimited (GenU) Project, designed to improve digital learning in Nigeria, IHS Nigeria has helped provide internet connectivity to 800 educational institutions between 2022 and 2024.
Through a collaborative partnership with UNICEF that began in 2019, IHS Nigeria has invested more than $4 million in various initiatives, including GenU 9ja, COVID-19 interventions, oxygen plant installations, WASH initiatives and school connectivity.
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