• Friday, March 01, 2024
businessday logo

BusinessDay

Fintech firm Admirals expand presence in Nigeria

Five ways open banking can boost Nigeria’s fintech market

Admirals, a global fintech firm has expanded its physical presence in Nigeria by setting up a new office in a bid to further position itself as a major financial services provider in Africa.

The inaugural event which took place in Lagos last month featured experts in the financial services industry such as Boriss Gubaidulin, director at Admirals Africa, Davies Babalola, manager and sales team lead at Admirals Nigeria and Nelson Daramola, stockbroker and authorised dealer of Nigerian Exchange limited who educated and empowered traders with the knowledge and tools needed to succeed in the financial markets.

“With this launch, Admirals offers a wide range of financial products and services to Nigerian traders, such as trading with Stocks, Foreign Exchange and CFDs on indices, metals, energies, stocks, bonds and digital currencies,” the company said in a statement.

It said it is also boosting financial literacy in the region with the help of its educational materials such as courses, webinars, seminars, and e-books to name a few.

Gubaidulin, Admirals added that they were extremely thrilled to have opened another hub in the African continent.

Read also: Air fares to rise further as foreign airlines FX rate hit N634/$

“Our end goal remains the same, and that is, enhancing financial accessibility and literacy for traders in the local region by providing them with strong financial services and support.

“Being a well-regulated and renowned fintech company, we plan to expand our conventional trading by granting access to international financial markets and educational resources in Nigeria,” he said.

According to Gubaidulin, the company is looking forward to helping the growth of our traders, investors, partners and anyone who is interested in expanding their financial knowledge.

Babalola said they have received significant traction from traders in Nigeria, prompting them to establish a local presence to better support the community of local traders in Nigeria.

“With this launch, we are reiterating our goal to allow traders to safely engage in online forex trading in developing countries and diversify their investment portfolio with our tailor-made solutions.”