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E-Business

Rally Trade Unveils new website & partner program

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L-R: Razvan Mihai, Global Head of Training, Rally Trade; Kolawole Okeowo, Head of Operations, Rally Trade; Luca Constantinescu, CEO, Rally Trade; Michael Akinwale, General Manager, Rally Trade, at the website and partner program launch which held in Lagos on Saturday.
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Rally Trade has unveiled its New Partner Program and website. The new partner program is aimed at empowering its proficient clients to share their new-found skills with others while representing the values that Rally Trade stands for.

 

Speaking at the unveiling, Luca Constantinescu, CEO, Rally Trade; said that the platform is custom built for Nigerian partners which will enable them to generate additional revenue that rewards and supports their efforts.

 

He explained that anyone with social and teaching skills is invited to register themselves in Rally Trade’s Partner Program either as an Introducing Broker or an Affiliate, to access their database of promotional and educational materials, and start collecting the rebates rewarded for their referrals.

 

Constantinescu added that the brand-new Partner Program is based on a Multi-Tier structure that enables its partners to earn on introduced sub-partners as well up to 3 Tiers.

 

He also revealed that they have increased percentage split of Net Spreads, starting from 1st of August 2019.

 

This new rebate system, according to him will offer 60% of Net Spread for Direct Clients, 15% of Net Spread for Tier 2 Clients and 5% of Net Spread for Tier 3 Clients.

 

He said, “Serving as an example of the latest trends and technology available for a better user experience, Rally Trade’s website (www.rally.trade) has just gone through a major overhaul.

 

“It has been developed specifically for its Nigerian users to accommodate the need for a platform that encourages online access making vital information available from anywhere and at any time.

 

“Traders anywhere will be able to find the latest industry news, regularly updated market analysis, an events section to keep them up to date on all upcoming events, and an updated learning centre created for all traders by visiting www.rally.trade.

 

“Also starting on the 1st of August 2019, trading conditions on its MT4 Platform will be upgraded. “Leverage, currently set at a maximumof 1:200, will be increased to 1:500. This upgrade comes as a popular demand from traders that use the most prevalent trading platform in the world.

 

“Moreover, Rally Trade will continue to offer leverage as high as 1:1000 on its cutting-edge Rally xTrader platform for proficient traders.”

 

Rally Trade, established in 2015, is an international online broker providing highly competitive brokerage services to markets with emerging economies.

Winner of the “Best New Comer Broker in the Region” Award at the Lagos Forex Expo in 2015 and the “Best Broker in Nigeria” Award at the 2018 Lagos Traders Expo.

Rally Trade is well known for the top quality services it is providing to its Nigerian customers alongside the exciting competitions it has organized on its cutting edge trading platforms.

In Nigeria, Rally Trade currently has offices in Lagos, Port Harcourt, and Ibadan, and plans on expanding its reach across the nation.

 

Rally Academy serves as the educational arm of Rally Trade and is a platform that enabled the company to make considerable investments in the financial education of Nigerians.

Employing a team of world class professionals to guide Nigerians in starting their online businesses, Rally Academy specializes in services for Online Entrepreneurs and Investors, holds recurring seminars and educational events across the country informing the public on various streams of income via online businesses.

Over the past 3 years, Rally Academy has trained over 10,000 entrepreneurs and enabled them to start generating incomes in the online environment.

 

The Partner Program which is now available for pre-registration at www.rally.trade/Partner-Program/register will commence on the 1st of August, 2019.

 

 

 

 


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E-Business

INEC Sets Up AI Division to Strengthen Electoral System

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Independent National Electoral Commission (INEC) has announced the establishment of an Artificial Intelligence (AI) Division within its ICT Department.

INEC Sets Up AI Division to Strengthen Electoral System

This marks a significant stride toward enhancing electoral integrity, efficiency, and innovation in Nigeria’s democratic process.

This decision was reached at the Commission’s regular weekly meeting held in Abuja, following a series of consultations and engagements on the global and continental impact of AI on elections.

In a statement issued by Sam Olumekun, national commissioner and chairman of the Information and Voter Education Committee, INEC underscored that the growing relevance of AI in electoral matters necessitated a proactive institutional framework to manage both the risks and opportunities it presents.

“Our interactions with electoral bodies across Africa highlighted both the risks of AI—such as fake news and content manipulation—and the vast potential it holds for data-driven decision-making, risk mitigation, automated voter services, and geo-spatial intelligence for logistics,” Olumekun noted.

According to him, the newly created division will centralise the Commission’s AI efforts, ensuring a harmonized approach to deploying intelligent systems that enhance decision-making, improve voter engagement, and boost the credibility of the electoral process.

“The creation of this division puts the Commission at the forefront of institutionalizing AI capabilities in electoral management.

It is also part of our ongoing reforms in areas where administrative action is sufficient to drive change,” he said.

He added that the AI Division will help INEC better coordinate its existing technological investments while providing safeguards against the misuse of AI technologies.

“We are positioning ourselves to maximise the positive impact of AI while mitigating its negative implications. This step strengthens the credibility and transparency of elections in Nigeria,” Olumekun concluded.

The initiative, INEC emphasised, reflects its commitment to embracing innovation in safeguarding democracy and improving electoral services nationwide.

 

 

 

 


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E-Business

CAC, NIBSS Unveil Platform for Data Access to Private Firms

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Corporate Affairs Commission (CAC) in partnership with the Nigeria Inter-Bank Settlement System (NIBSS) has unveiled a new Application Programming Interface (API) integration system to allow private firms access company data from the Commission’s database.

CAC, NIBSS Unveil Platform for Data Access to Private Firms

Hussaini Ishaq Magaji (SAN), registrar general of CAC, who spoke  in Abuja at the unveiling said the system would give selected private organizations access to CAC services through technology-based companies, called “super agents.”

“This is a practical step to show that the Commission is committed to meeting the expectations of our customers,” he said.

Magaji explained that the integration allows the agents to retrieve data from the CAC database for use in specific client requests, outside the standard services provided by the Commission.

“Before now, only a few government agencies had this integration, especially those involved in investigations, anti-money laundering, and terrorism financing. Now, private companies that meet the criteria can also access it,” he said.

He said the system complies with the Nigerian Data Protection Act 2023, and information such as residential addresses, phone numbers, and dates of birth may be restricted.

“This is a call to law firms and companies with the right technology. We’ve started with NIPS because of their credibility. Embassies and banks can now authenticate company records directly through them.”

“There are prescribed fees. We already collect them on our portal, and now customers can also pay through these agents,” he explained.

He named NIPS, MoneyPoint, and OPE as some of the companies involved.

“OPE and MoneyPoint handle only registrations. But NIPS has moved further into validation and verification,” he said.

Ngover Ihyembe-Nwankwo, executive director at NIBSS, who represented Premier Oiwoh, managing director, said the service allows secure and efficient data verification.

“This is the result of years of effort to connect our systems with CAC. It will help users verify data within the limits of data protection laws,” she said.

She said the move is a way to lower costs and promote interoperability across the financial sector.

 

 


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FG Launches Online Citizenship, Business Management Platform

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Ministry of Interior has announced the launch of a new Online Citizenship and Business Management Platform in line with the Renewed Hope Agenda of President Bola Tinubu.

FG Launches Online Citizenship, Business Management Platform

A statement signed by Dr Magdalene Ajani, permanent secretary, Ministry of Interior’s said the initiative forms a key part of its ongoing reforms aimed at promoting transparency, enhancing operational efficiency, and significantly improving service delivery to the public.

The new digital platform is designed to streamline the application and processing of citizenship and business-related services, ensuring faster turnaround times and improved user experience.

The platform allows users to apply for and manage business permits, ensuring that both local and foreign businesses operate legally in Nigeria.

It includes an Expatriate Quota System to manage work permits for foreign employees, helping companies hire skilled workers while complying with Nigeria’s immigration laws.

The Citizenship Administration and Management System provides a streamlined online process for applying, tracking, and managing Nigerian citizenship applications and related services.

Members of the public, corporate entities, and other stakeholders are expected to access the platform through the ministry’s website: https://interior.gov.ng , Direct Portal Access: https://candb.interior.gov.ng , or contact candb-support@interior.gov.ng for support and inquiries.

“The Ministry of Interior remains committed to establishing a more efficient, transparent, and secure framework for citizenship administration, while continuously enhancing service delivery through digital transformation,” the statement read in part.

 

 

 

 

 

 


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