Category: Finance Page 2 of 3

Sgx nifty indicates positive opening tata steel q3 production increases 29 yy to 46mt

Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow 30, +0.2%; S&P; 500, +0.6%; Nasdaq, +1%; Nikkei, +2.4%; Hang Seng, +1.3%; Kospi, -0.1%
Last week, Nifty started on…

Market status: Confirmed Uptrend

Distribution days: Three

Global stock markets: Dow 30, +0.2%; S&P; 500, +0.6%; Nasdaq, +1%; Nikkei, +2.4%; Hang Seng, +1.3%; Kospi, -0.1%

Last week, Nifty started on a strong note and closed above 14,000 decisively on Monday. Also, it traded above 14,000 in the next four trading sessions. Friday’s action qualified as an additional follow-through day as Nifty advanced about 1.5% on volume higher than the previous session. During the week, broader market indices outperformed the general market. Barring Nifty FMCG (-0.3%), all the sectors closed in the green. Nifty Metal (+8.3%) was the major gainer, followed by Nifty IT and Media, which advanced 6.9% and 5.9%, respectively.

With leadership broadening and indices above relevant intermediate-term moving averages, we will continue to look for leadership-quality growth names to form entry points. If a pullback/consolidation happens, it will be crucial for Nifty to hold its 21-DMA. It is advised to closely review the existing positions and book profits in stocks that are extended from their moving averages and showing technical weakness. Also, tracking distribution days is crucial as rising in distribution days can halt the uptrend.

Key News

Tata Consultancy Svs. posted its Q3 FY21 results. Profit was up 7.2% to Rs 8,701 crore as against Rs 8,118 crore for the same period last quarter, while revenue rose 4.7%  to Rs 42,015 crore from Rs 40,135 crore on a q/q basis.

Tata Steel increased its Q3 production in India 2.9% y/y to 4.6MT, but deliveries fell 3.9% y/y to 4.66MT.

O’Neil Market Condition Report

For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 84%; Rally Attempt, 4%; Uptrend Under Pressure, 12%; Downtrend, 0%.

For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 66%; Rally Attempt, 0%; Uptrend Under Pressure, 34%; Downtrend, 0%.

Visit Marketsmith India to Read More About Indian Share Market News, Daily Market Tips, Model PortfolioArticle Submission, etc.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Marketsmith India, One stop solution for all your Stock Market needs. Get stock market ideas and stock predictions all in one place. A proprietary tool by William O’Neil India following the CANSLIM method of investing.

Marketsmith India, One stop solution for all your Stock Market needs. Get stock market ideas and stock predictions all in one place. A proprietary tool by William O’Neil India following the CANSLIM method of investing.

Got bad credit score level up to increase your auto loan approval chances

A credit score of less than 670 will cost you higher interest rates on your auto loan. To improve your credit score and obtain an affordable loan, you can clean up your credit report before applying and make a big down payment. 

A credit score of less than 670 will cost you higher interest rates on your auto loan. To improve your credit score and obtain an affordable loan, you can clean up your credit report before applying and make a big down payment. 

Car buying and auto financing are industries based on trust. Your credit score and worthiness are your tickets to guaranteed auto loan approval. But, if your credit score is a scary scenario, fret not! You can achieve an auto loan with bad credit, but you will have to work for it.

Lenders consider a credit score of 670 and above good, and you can avail better interest rates with it. However, the lender will consider you a risky borrower if your credit score is below 670. And, if your score is less than 620, the lender may treat you as a bad credit car buyer, and it will cost you more because of the high-interest rate. However, if you understand the different ways you can work on your credit score, there is hope. You can improve your loan approval chances as well as score a pocket-friendly auto deal.

Bad Credit Buyers: Ways to make your Car Loan Approval Chances Good

You can improve your credit score in the following manner before applying for an auto loan especially when you suffer from bad credit.

1. Clean your Credit Report

Revamp your credit report and clean up your credit score before you apply for an auto loan. Start by paying off the debt that is weighing down your credit score. Check your report thoroughly before applying for an auto loan. Get any fallacies in your credit report corrected to avoid explaining it to the dealer later. Pay off past debts and do not skip any current credit card payments. Make consistent payments towards loans to improve your score.

2. Make a Hefty Down Payment

Bad credit history can reduce your total loan amount. And it can lead to an increase in the interest rate. To combat the problems associated with bad credit history, make sure you apply with a subprime lender. Also, you can make a big down payment that will offset the increased interest amount. Down payment will allow the lender to rethink your offer, and he will give you a better deal in the process. You will also have the advantage to shop from a wide range of cars as your loan amount may increase.

3. Spend the Amount that you can Afford

Do not walk into the dealership and get smitten with the newest models and expensive features. Think of a bad credit auto loan as your way to build a better financial future. Consider your monthly income and minus the expenses and payments towards any other loans. The remainder of the money is what you can put towards your auto loan payments. Even if you get pre-approved for an auto loan higher than you expected, you need to re-consider your car choices.

Improve Your Credit: Improve your Life

Bad credit history will not stop you from purchasing a car. If you take care of the guidelines mentioned aboveBusiness Management Articles, you can improve your credit score and score a good car loan deal. A cost-effective loan will ensure that you save a lot more money during the entire loan term.

Article Tags:
Auto Loan Approval, Loan Approval Chances, Credit Score, Auto Loan, Loan Approval, Approval Chances, Credit Report, Down Payment, Credit History

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Do you have bad credit? Do not worry about your auto loan approval chances. Get pre-approved car financing. Choose a bad credit auto lender who has experience with subprime car loans. Apply now.

Do you have bad credit? Do not worry about your auto loan approval chances. Get pre-approved car financing. Choose a bad credit auto lender who has experience with subprime car loans. Apply now.

Upstox review brokerage charges margin trading demat account

Upstox was established in 2011 under the name of ‘RKSV Securities’ in Mumbai. Raghu Kumar, Ravi Kumar, and Srinivas Vishwanath founded it. The Upstox. It has received funding from reputed names like GVK Davix, Kalaari Capital, and Ratan Tata.

It became popular due to its easy account opening procedure which is free, and a flat trading cost of ¹20. Upstox helps customers trade across domains of equity (delivery & intraday), derivatives (future & options), and currencies.

Upstox was established in 2011 under the name of ‘RKSV Securities’ in Mumbai. Raghu Kumar, Ravi Kumar, and Srinivas Vishwanath founded it. The Upstox. It has received funding from reputed names like GVK Davix, Kalaari Capital, and Ratan Tata.

It became popular due to its easy account opening procedure which is free, and a flat trading cost of ¹20. Upstox helps customers trade across domains of equity (delivery & intraday), derivatives (future & options), and currencies.

In today’s world, where everyone wants to be as luxurious as celebrities, the regular income is not at all enough. People aspire to buy all the luxuries and amenities as soon as possible. To fulfill their such wishes they tend to increase the horizon of their earnings, which could give them a hope of additional income with no further time investment. 

In such a case, online trading platforms have come as a solution to this problem. There is a long list of online trading platforms which provides services in the investment and trading but one of the most reliable and sensible application is Upstox. 

Upstox is one amongst the best discount brokers available in India, especially for the traders. On One side the Upstox provides it’s traders with the fastest trading platforms which are the main need to book the high profits in day trading. On the other side, its highly convenient as you only need to pay only a flat Rs 20 per trade irrespective of your trade volume. 

In this article we are going to give a comprehensive review of this discount broker who have been making big in the industry since the past few years. 

 

About Upstox 

The company, Upstox is a tech-first low cost broking firm in India that is providing trading opportunities at indomitable prices. This company provide trading on different segments such as commodities, equities, currency, futures, options which are accessible on its Upstox Pro Web as well as on Upstox Pro Mobile trading platforms.

Upstox is supported by a group of investors which encompasses Kalaari Capital, Ratan Tata and GVK Davix.

This trading platform offers trading, analysis, charting and many other rich trading features. This platform makes it susceptible and simple to place orders through mobile phones as well as web browser. Upstox trading outlet is created on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).

The best thing about Upstox is that it offers absolutely free trading account and also free trading in Equity Delivery segment. Trading in Equity F&O;, Equity Indra-day, Currency Derivatives and commodities is available through Upstox Pro only. UpStox Pro is nothing but the paid service of UpStox for traders. 

Note: Get the unbiased review of Upstox and check its trading app, Demat account opening charges,Upstox brokerage, margin, plans, features, investment option, ratings & review for free on Select by Finology.

Ratings of Upstox

Overall Rating

 2.5/5

Fees

 3.5/5

Brokerage

 3.6/5

Usability

 2.7/5

Customer Service

 2.4/5

Research Capabilities

 2.4/5

A comparison of upstox trading plans 

As stated above there are two different plan in the upstox namely, upstox basic plan and upstox priority pack. Let’s see what’s the difference between the two. 

Segment

Upstox Basic Plan

Upstox Priority Pack

Brokerage – Equity Delivery

Free

Free

Brokerage – F&O;, Commodity, Currency

¹20 per trade or 0.05% (whichever is lower)

¹30 per trade or 0.05% (whichever is lower)

Margin – Intraday

NSE/BSE Cash

15x

20x

Index Futures

4x

5x

Stock Futures

4x

4x

Index Option Sell

4x

5x

Stock Option Sell

4x

4x

NSE Currency

4x

4x

MCX Future

2.5x

3x

Margin – CO/OCO Orders

NSE/BSE Cash

20x

25x

Index Futures

10x

14x

Stock Futures

4x

6x

NSE Option Buy

1.33x

2x

Index Option Sell

4x

5x

Stock Option Sell

4x

4x

NSE Currency

4x

5x

MCX Future

3x

4x

What are the charges in the Upstox? 

Though the platform upstox is completely online but still there are some charges that the trader is required to pay while a wailing the services from the Upstox. Here, we will look at some charges that upstox is charging currently. 

 

 

Upstox Prepaid Brokerage Plans (¹249, ¹499 or ¹999)

Each and every upstox customer wants to purchase one of the following prepaid brokerage plans so that he can open Upstox account. It is necessary for a trader to buy a prepaid brokerage plan with this platform, upstox. This plan is also mandatory for those people who would want to do only equity delivery trades which are free from the brokerage. 

 

Plan

Customer Pays

Customer gets brokerage worth

Extra brokerage earned

Standard Plan

¹249

¹400

¹151

Advanced Plan

¹499

¹1,000

¹501

Premium Plan

¹999

¹2,500

¹1501

Upstox Equity Delivery Charges & Intraday Charges

 

Upstox Charges

Equity Delivery

Equity Intraday

Brokerage

¹0

¹20 per executed order or 0.05% (whichever is lower)

STT

0.1% on both Buy and Sell

0.025% on the Sell Side

Transaction Charges

¹325/crore

¹325/crore

Demat Transaction Charges

¹18.5 per scrip (only on sell)

¹0

GST

18% (on Brokerage + Transaction Charges)

18% (on Brokerage + Transaction Charges)

SEBI Charges

¹5/Crore

¹5/Crore

Stamp Duty

*

*

Upstox Equity Future and Options Charges 

Upstox Charges

Futures

Options

Brokerage

¹20 per executed order or 0.05% (whichever is lower)

Flat ¹20 per executed order.

STT

0.1% (on Sell Side)

0.1% (on Sell Side)

Transaction Charges

¹210/crore

¹5500/crore on premium turnover

Demat Transaction Charges

¹0

¹0

GST

18% (on Brokerage + Transaction Charges)

18% (on Brokerage + Transaction Charges)

SEBI Charges

¹5/Crore

¹5/Crore

Stamp Duty

*

*

What are the Upstox Currency Charges? 

Upstox Currency brokerage charge is ¹20 per committed order or 0.05%. 

Upstox Charges

Currency Futures

Currency Options

Brokerage

¹20 per executed order or 0.05% (whichever is lower)

Flat ¹20 per executed order.

STT

No STT

No STT

Transaction Charges

NSE: 0.00013% | BSE: 0.00062%

NSE: 0.065% | BSE: 0.026% (on premium)

GST

18% (on Brokerage + Transaction Charges)

18% (on Brokerage + Transaction Charges)

SEBI Charges

¹5/Crore

¹5/Crore

Stamp Duty

*

*

What are the Upstox Commodity Charges? 

 The Commodity brokerage of Upstox is ¹20 per executed order or 0.05%. 

Upstox Charges

Commodity Futures

Commodity Options

Brokerage

¹20 per executed order or 0.05% (whichever is lower)

Flat ¹20 per executed order.

STT

0.01% on sell trade (Non-Agri)

0.05% on sell trade

Transaction Charges

0.0031%

0.002%

GST

18% (on Brokerage + Transaction Charges)

18% (on Brokerage + Transaction Charges)

SEBI Charges

¹5/Crore

¹5/Crore

Stamp Duty

*

*

What are the hidden charges under Upstox? 

 

 Final Words 

As it was said above, the needs of people are never-ending and nowadays it has become necessary for each person to try hands in different fields so that there is increase in the perimeter of their earnings.

Trading is definitely the best option where you could earn without any additional efforts. Upstox comes as one of the most reliable and and sensible platforms for beginners as well as professionals. The application of Upstox is designed in such a manner that it suits both of the groups. 

Day by dayFind Article, upstox is coming up with new features and services that is increasing its customer base and is truly making upstox the best and a leading trading platform of the smart future.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

I am an IT professional who loves writing on Financial topics

I am an IT professional who loves writing on Financial topics

How to buy ethererum eth with indian rupee inr on koinbazar

Are you interested to buy Etherum (ETH) in India? Koinbazar – India’s most trusted P2P cryptocurrency exchange platform where you can buy Ethereum (ETH) with Indian Rupee (INR) safe at a low com…

Are you interested to buy Etherum (ETH) in India? Koinbazar – India’s most trusted P2P cryptocurrency exchange platform where you can buy Ethereum (ETH) with Indian Rupee (INR) safe at a low commission fee. Before buy Eth with INR in India from Koinbazar, you have to complete the below-mentioned steps.

1. Visit the Koinbazar website.

2. Select signup and fill-up your the details required.

3. Once you filled in the details, click create an account.

4. An activation mail will send it through your registered Email-ID.

5. Open it and click the activation link.

6. Your account is successfully created.

1. Sign in to your account and select Account —> Profile.

2. Under the KYC section you need to complete the following prospects. Choose your required ID proof.

3. Upload your frontside and backside ID Proof.

4. Take a selfie of your face for KYC identification.

5. Click Save.

6. Your KYC verification process will be completed shortly.

1. Register your account, build your profile, and complete the KYC procedures.

2. Link your bank account or external wallet and deposit your fiat or crypto assets.

3. FinallyBusiness Management Articles, you can buy and sell Eth with INR in India safe and enjoy a hassle-free trading experience.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

I am James Irvin, Working as a Technical Content Writer with having more than 3 years of experience.

I am James Irvin, Working as a Technical Content Writer with having more than 3 years of experience.

5 ways you can learn more about forex trading

5 Ways You Can Learn More About Forex
Forex trading has become very popular in the recent past because many people have learned to be successful traders, and they enjoy massive profits from the forex…

Forex trading has become very popular in the recent past because many people have learned to be successful traders, and they enjoy massive profits from the forex market. While this market is very lucrative, you need to have a lot of patience before you start making successful trades. Ideally, you have to constantly learn new trading techniques, and at the same time, you should also learn how to be disciplined when trading. While being a professional trader might take some time and hard work, the results are worth it. In this article, we have listed 5 ways you can learn more about forex so that you become a successful trader.

You should learn from a professional trader and forex educator since people who have traded for a long time have adequate knowledge, and they also understand the market dynamics well. Having such a person to teach you about forex may help you to understand many things that will otherwise be difficult to learn on your own.

The best way to learn forex trading is by trying it out with virtual money. Do not attempt to learn forex with your hard-earned cash because you may end up losing your money. In a demo account, however, you do not get to use real money in the trades, but you still apply the same concepts when making a trade. The same techniques that are used in reading chats in a real forex account are also used when making a trade in a demo account. A demo account will give you a solid foundation on the techniques of making trades, and you will get to experience the feeling of losing on a trade or making a profit, even if it is just virtual money. Frankly, nothing can beat experience, and having a demo account gives you the best experience in forex trading.

While a demo account can be incredibly helpful in ensuring that you learn all the dynamics of forex trading, you will have to start risking your hard-earned money after some time. The best way to start trading real money is by using a micro forex account that enables you to make small trades at a time. This will help in giving you exposure to the real forex market. You will also learn how to limit your trades to avoid making too many unnecessary trades that may end up in a loss. Using a micro forex account to learn about forex trading is an excellent way of getting yourself acquainted with the real-time dynamics of the forex market.

The most fundamental thing about forex is understanding what you are trading. As such, you should ensure that you understand everything about the currencies that you will be trading. Don’t just place a trade on any currency that is moving because this may result in several reckless trades that will lead to massive losses. Therefore, ensure that you understand the currencies that you are going to trade by knowing the trends of such currencies to determine whether buying or selling them will profit you. Trading currencies in the forex market is an excellent move because there are very many currencies, which gives you many options. Nonetheless don’t try trading all the currencies. You should select the ones that seem profitable and deal with those.

While it is possible to make substantial profits in the stock market, it is also possible to incur massive losses during bad days. As a result, it is important to learn how to manage risks in forex to ensure that you don’t lose a lot of money when a certain trade goes wrong. If you want to become a good risk manager in forex, you have to learn how to control your fear and excitement. These emotions may trigger you to make certain decisions that may be very risky. Always base your trading decision on logic and not emotions so that you become more clinical in the trades you make. Also, learn about some risk mitigation techniques that help reduce the loss you get when a certain trade does not go your way.

 

Indeed, there are many ways of learning forex trading, and it would be best if you used the ones we have listed in this piece because they are the most effective methods.

 

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Maggie graduated from Utah Valley University with a degree in communication and writing. In her spare time, she loves to dance, read, and bake. She also enjoys traveling and scouting out new brunch locations.

Maggie graduated from Utah Valley University with a degree in communication and writing. In her spare time, she loves to dance, read, and bake. She also enjoys traveling and scouting out new brunch locations.

Things to keep in mind before applying for gold loan and personal loan

Money related emergencies come unannounced and give almost no ideal opportunity to organize assets to manage it. While your just-in-case account should pad you from such exigencies, even that may miss the mark now and again. The main choice left at that point is to profit loans.  

Money related emergencies come unannounced and give almost no ideal opportunity to organize assets to manage it. While your just-in-case account should pad you from such exigencies, even that may miss the mark now and again. The main choice left at that point is to profit loans.  

Here are sure checkpoints to assist you with benefiting the ideal loan choice as far as cost and quick access: 

Fullerton India’s personal loan interest rates start at 11.99% for salaried and independently employed candidates for a limit of 60 months, which implies you can get EMI as low as ¹ 2Psychology Articles,224* every month. The interest rates and processing charge (Between 0% – 6% of the loan amount) compensate for the complete cost of the loan.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Gaurav S. Khurana is the Founder and CEO of Dialabank and has had a great career in the Banking and Financial Services Sector. He has experience of 18 years in the sector and has worked at Senior Roles including National Sales Head at ING Investment Management India and as the Vice President Citibank. A post-graduate from IMT, Ghaziabad. Gaurav started his career as a Named Account Manager in Xerox.
Being a part of this field for a long time now, he has written many informative articles and blogs benefiting and assisting many in making decisions regarding the policies provided by various banks and non-banking financial companies such as Fullerton India’s personal loan interest rates policy.

Gaurav S. Khurana is the Founder and CEO of Dialabank and has had a great career in the Banking and Financial Services Sector. He has experience of 18 years in the sector and has worked at Senior Roles including National Sales Head at ING Investment Management India and as the Vice President Citibank. A post-graduate from IMT, Ghaziabad. Gaurav started his career as a Named Account Manager in Xerox.
Being a part of this field for a long time now, he has written many informative articles and blogs benefiting and assisting many in making decisions regarding the policies provided by various banks and non-banking financial companies such as Fullerton India’s personal loan interest rates policy.

Sgx nifty indicates positive opening igl apollo hospital to report today

Yesterday, Nifty opened to strong gains on vaccine news. It kept the momentum intact throughout the day and made higher highs and higher lows in the hourly chart to close above 12,600, holding solid g…

Yesterday, Nifty opened to strong gains on vaccine news. It kept the momentum intact throughout the day and made higher highs and higher lows in the hourly chart to close above 12,600, holding solid gains. Volume was significantly higher than the previous day. Nifty is currently trading 6.0% and 8.7% above its 21- and 50-DMA, respectively. In the broader market, both Midcap and Smallcap failed to catch up with Nifty50 again. Midcap closed 0.3% higher, while Smallcap was down 0.1%.

On the sectoral front, barring Nifty Pharma (-4.3%) and Nifty IT (-3.9%), all other sectors closed in the green. Financial stocks continued to rally ahead and advanced the most for the day. Nifty Bank, Financial Service, PSU Bank, and Pvt Bank advanced in the range of 3.5–4.1%. Market breadth remained in favor of decliners. FIIs were in a continuous buying spree. FIIs’ net buying was Rs 5,627 crore, while DIIs’ net selling was Rs 2,309 crore.

Currently, we are in a Confirmed Uptrend and are open to adding new positions coming out of proper base formation. We will look for leadership among some good stocks to push the market up. On the flip side, tracking distribution days is crucial. Accumulation of distribution days can halt the uptrend.

Key News

Bata India reported Q2 FY21 results. Revenue came in ahead of estimates. It reported a loss of Rs 44 crore compared with a profit of Rs 71 crore in Q2 FY20. Margin contracted 2,060bps to 4.9%.

HIL Limited reported Q2 FY21 results. Its roofing business revenue grew 27% y/y. The flooring business revenue grew 11% y/y. The company repaid Rs 170 crore of debt in H1 FY20.  

Tata Power reported Q2 FY21 results. PAT was up 9.6% y/y to Rs 371 crore, while revenue up 8% y/y at Rs 8,289 crore. EBITDA came in at 11.3% at Rs 2,001 crore. EBITDA margin came in at 24.1% compared with 29.4% y/y.  

O’Neil Market Condition Report

For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 65%; Rally Attempt, 5%; Uptrend Under Pressure, 25%; Downtrend, 5%.

For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 75%; Rally Attempt, 0%; Uptrend Under Pressure, 25%; Downtrend, 0%.

Buy watchlist: Cholamandalam Inv.& Fin.Dixon Technologies (India)PolyplexBalaji Amines LimitedAlkyl Amines ChemicalsSubrosBerger Paints IndiaPolycab IndiaVoltas (Nse)Divis Laboratories (Nse) Vinati OrganicsRatnamani Metals & TubesBalrampur Chini Mls(Nse)Coromandel InternationalTata Consumer ProductsHIL LimitedArticle Submission, and Whirlpool Of India (Nse)

 

Check out MarketSmith India for more.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

One stop solution for all your Stock Market needs. Get stock market tips and stock predictions all at one place. A proprietary tool by William O’Neil India following CANSLIM method of investing.

One stop solution for all your Stock Market needs. Get stock market tips and stock predictions all at one place. A proprietary tool by William O’Neil India following CANSLIM method of investing.

The role of the mining sector on the nigerian economy

Nigeria is a country blessed with various resources ranging from fertile land, forest, rivers, crude oil, gold, etc. But the country’s lack of effort resulted in a sluggish improvement in the mining sector.

Nigeria is a country blessed with various resources ranging from fertile land, forest, rivers, crude oil, gold, etc. But the country’s lack of effort resulted in a sluggish improvement in the mining sector.

Nigeria is a country blessed with various resources ranging from population, fertile land, forest, rivers, iron ore, uranium, coal, barites, limestone, crude oil, lead-zinc, gold, etc. However, the country has about 44 solid mineral commodities that can be found in about 450 locations nationwide. Seven of these minerals are considered strategic minerals by the Nigerian Ministry of Mines and Steel for accelerated development. These are Gold, Coal, Barytes, Tantalite, Iron ore, Bitumen, and Lead/Zinc. Currently, the Nigerian government relies immoderately on crude oil, and this has resulted in very little concentration of government in mining activities and it contributes to slowing the sector’s growth. The contribution of the mining sector as a percentage of GDP in Nigeria is only 0.33 percent. This shows sluggish improvement in the sector, as the domestic mining industry is underdeveloped, leading Nigeria to import some of the mineral commodities that it could produce within the country.

In the North-western part of Nigeria, there are abundant mineral resources such as Butyles, Kaolin, Marble and Salt, Gassiterite, Copper, Gemstone, Tantalite, Glass-Sand, Lead/Zinc, Pyrochinre, Tourmaline, Tentalime, Topaz, Graphite, Flosper, Asbestos, Amethyst, Kyanite, Aqua Marine, Superntinite, Mica, Rock Crystal, Sihnite, Sapphire, Ruby, Coal, Gypsum, Laterite, Limestone, Phosphate, Flakes, Clay, Potash, and Gold. But most of such resources are left unexploited and negligence occurs throughout the mining sector where the government and individuals are more concerned about revenue from the oil and gas sector. In a country like Zambia, Mining accounts for 12% of the country´s GDP and more than 70% of total export value. The sector is also a significant source of government revenue and formal employment, both directly and indirectly due to the massive investment made by the Zambian government and private sector.

Looking at the North-eastern region of the country also, there are precious natural resources such as Magnesite, Kaolin, Gypsum, Bentonite, Wolfram, Limestone, Coal, Lignite, Iron-ore, Cassiterite, Gold, Clay, Diatomite, Lead/Zinc, Soda Ash, etc. Sadly, with all these natural resources the Nigerian government has not put more emphasis on mining activities. Many Nigerians are living below the poverty line as they unknowingly sleep on the untapped mineral resources. The mining sector has been experiencing an ongoing resurgence despite the negligence of the past decades, but still, Nigeria has so far not secured the growing benefits from these resources despite their potentials as a major source of government revenue. In South Africa the mining sector contributes 7.3 % to GDP, it attracts valuable foreign direct Investment and huge revenue to the government, almost a half million people are earning income from the sector due to the efforts made by the South African government in mining activities.

The North-central part of Nigeria has blessed with plentiful natural resources includes Cassiterite, Clay, Marble, Dolomite, Lead/Zinc, Tantalite, Gold, Cole, Gypsum, Feldspar, Dolomite, Iron-ore, Talc, Kaolin, Columbite, Mica, Gold, Galena, Barite, Barytex, Chalcopyrite, Limestone, Sapphire, Tourmaline Quartz, Zireon, Bauxite, Bismuth, Betonite, Coal, Fluoride, Emeral, Granite, Gemstone, Molybdenite, Tin, Wolfram, Phrochlore, etc. Despite all of these mineral resources, Mining at large-scale operations exist only in a few places, but the sector is dominated by artisanal and small scale mining operations, mostly informal, working with unsophisticated methods and limited technical training. In Ghana, the mining industry accounts for about 5 percent contribution to GDP and increases government revenue and employment prospects due to the commitment of the Ghanaian government in developing the mining sector.

In the South-west region of the country alone, there are many mineral resources such as Bitumen, Lignite, Phosphate, Marble, Clay Dolomite, Limestone, Gypsum, Gold, Iron-ore, Granite, Syenite, Feldspar, Kaolin, Oil/Gas, Glass-sand, Cassiterite, Barytex, Chalcopyrite, Barite, Amethyst, Gemstone, Limestone, Dimension stone, Talc, Coal, Tourmaline, Aquamarine, Tantalite, Clay, Silimonite, etc. But despite the uncertainty, loss of oil revenue, and rising debt rates in Nigeria, the government has still depended immoderately on oil revenue and failed to diversify its economy. Mining is now a global phenomenon with various countries competing for exploration funds. The dominant strategy of foreign competition indicates that mining companies and their investment funds will only go to those countries where the enabling environment will allow the private sector to flourish unhindered. In Burkina Faso mining is one of the most dynamic sectors that create employment in the country, the gold sub-sector’s contribution to GDP is 10.6 percent in 2018 as a result of Burkina Faso’s incentive policies implemented for the mining sector.

Moving to the South-east part of the country where it has available of valuable natural resources such as Oil/Gas, Gold, Lead/Zinc, Limestone, Iron-ore, Lignite, Glass-sand, Clay, Gypsum, Phosphate and salt, Coal, Marcasite, etc. Many solid mineral mining operations are carried out illegally in Nigeria. Gold and other valuable minerals are smuggled into neighboring countries from where the raw materials find their way to the Middle East. Nigeria needs to plan and shift focus to mining as the oil value is shrinking in the Global market. The economy of Botswana is largely dependent upon mining. Diamond mining contributes 50 percent of government revenue mainly through its joint venture strategy with the private sector. The mining sector can be a major source of revenue and employment especially in countries with numerous mineral resources such as Nigeria.

The South-South region of Nigeria is blessed with natural resources such as Uranium, Oil/Gas, Lignite, Limestone, Lead/Zinc, Clay, Manganese, Gypsum, Glass-sand, Marble, Iron-ore, Kaolin, Bitumen, Phosphate, Dolomite, Gold, Barite, Salt, etc. Mining is primarily a source of mineral commodities that some of the African countries consider essential for revenue generation and improvement in the standard of living. Mining is seen as a stream of revenue for countries engaged in mining activities for economic development. It offers job opportunities, sources of revenue, business opportunities, trained workforce, increased GDP, and foreign-exchange sources. It is good for Nigeria to put more emphasis on mining due to the abundant mineral resources available in the country. Unlike countries like Ghana and Burkina Faso, Nigeria does not have a well developed large-scale mining industry, and the majority of the country’s gold mining is carried out by small-scale and artisanal miners. Out of 36 states in Nigeria and capital territory, there is no single state without mineral resources.

The country is undoubtedly blessed with vast natural resources but Nigeria’s lack of capacity to develop the mining sector is what restrained the country from earning huge revenue from the mineral resources. Nigeria needs to rethink its development strategy because oil revenue failed to make the country economically buoyant. The mining sector will help the country by ensuring an effective increase in the country’s economic growth that will in turn provide export value and jobs for the Nigerian increasing population. It is believed that several factors affecting mining in Nigeria such as security, poor fiscal policy, lack of good transportation facilities, illegal mining, the old method of mining, poor investment in the mining sector, etc.

Therefore, the Nigerian government projection of growth for the country’s mining sector from the current 0.33 percent contribution to GDP to 3 percent by 2025 can only be achieved if the government does something tangible in improving the mining sector. To improve the mining sector, there is a need for the government to reform laws and policies for mining, create a safe working condition for mining investment, build special centers and modern laboratory for mining activities, make a commitment to research and development, provide adequate finance, and infrastructure that attracts investment in the mining sector.

 

Alpha and Ding, (2016). A Study on the Impact of natural resources endowment on economic growth. Empirical evidence from Mali. Journal of Economics and Development Studies. 4(4), 81-103.

Benson, E.A. (2020). Nigeria plans to shift focus to mining, as oil price continues to tank. Nairametrics.com

Dennis and Stephen (2017). Natural resources abundance and economic growth in Nigeria. Global Journal of Agricultural Research. 5(3), 1-11

ManassehScience Articles, T.A (2018). Gold mining opportunities in Nigeria. Nigerian Geological Survey Agency.

Nigerian Finder. (2018). Natural resources in Nigeria. Nigerianfinder.com

Scoping Study on the Nigerian Mining Sector (2011). Federal Republic of Nigeria Extractive Industries Transparency Initiative (NEITI)

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Myhammad Shehu Shuaibu – A Postgraduate Student of M.A Applied Economics at Sharda University, India. His Research Interest Lie in General Economics and Social Sciences. 

Myhammad Shehu Shuaibu – A Postgraduate Student of M.A Applied Economics at Sharda University, India. His Research Interest Lie in General Economics and Social Sciences. 

Basic information of trading with a3trading platform

A3Trading Company will be considered one in all the most effective platforms within the Arab world that have an interest in trading. It also works to supply great support to its users. A3Trades Company is taken into account one in all the trading platforms that have gained wide fame within the Arab world within the recent period. things within the field of stock trading still as currencies has changed. By trading, you had to be the owner of a checking account. and also to really attend the stock market. But true changed over the years with the arrival of companies like A3 Trading for this field, bringing with them huge developments for trading.

A3Trading Company will be considered one in all the most effective platforms within the Arab world that have an interest in trading. It also works to supply great support to its users. A3Trades Company is taken into account one in all the trading platforms that have gained wide fame within the Arab world within the recent period. things within the field of stock trading still as currencies has changed. By trading, you had to be the owner of a checking account. and also to really attend the stock market. But true changed over the years with the arrival of companies like A3 Trading for this field, bringing with them huge developments for trading.

A3trading may be a company working within the field of trading stocks and currencies further as digital currencies. through their official website, which is on the market in Arabic. so as to suit the language with most of its users from the Arab world. because the company is incredibly active within the field of stock trading within the Arab countries. There is an enormous problem facing the A3 Trading Company, which is that the great conflicts it faces from other trading companies. as those companies accused the corporate of the many lies. But this matter frankly is difficult to believe, as after viewing the official website of any A3 trading company, we are going to find That the positioning is functioning to produce many, many information that completely denies these allegations. By observing the section on the location that bears the name “About Us”, we’ll be ready to find a phrase that says: “Internet trading may result in an outsized or complete loss of funds. and so shouldn’t be avoided risk capital”. this is often what clearly indicates And explicit about the risks that trading may pose to people wishing to enter it.

Before you begin trading through forex companies with A3trading, you want to first know the benefits of the corporate. and why you ought to choose it after you are getting ready to enter the sphere of trading. these advantages are a robust catalyst that pushes you to require the correct decision. And these advantages are:

1. The languages that the corporate works to produce on its official website. because it provides the Arabic to its customers on the location additionally to Arabic support, likewise as English and Spanish.

2. A3 Trading Company offers many courses completely freed from charge for trading. and this can be what makes the corporate distinct from other forex platforms within the Arab world. because it is that the just one that gives this action and works to produce these courses to both professionals and beginners

 3. A3 allows its users to present real and not fake accounts. by browsing some simple steps that may enable them to form their accounts without visiting the accounts of other sites that are crammed with fraudulent operations from all sides.

4. A3 Trading Company provides a demo trading account that’s completely linked to all or any the live markets throughout the week.

5. A3 Trading Company is functioning to supply personal training to individuals on-demand, meaning that these individuals are going to be able to obtain trainers for them. working to show them the basics of operations. The goal of their education isn’t limited to individuals when trying to draw in them to the corporate, but rather that they supply the power to find out about the trading that you simply do Tags companies and other platforms.

The conversation may be summarized by saying that a 3trading company is incredibly reliable and it’s recommended to accommodate it. but that will not be enough for several, because the orientation of people to companies within the field of trading may be a very sensitive matter. you need to first ensure that the corporate offering individuals to handle it’s safe and reliable. it’s enough. and this, unfortunately, we don’t find often within the Forex world.

If you’re one in all these individuals, you need to first be ready to distinguish between two main and important topics about review and data for a Forex company, namely:

1- In terms of reviews

There is over one real review that shows the existence of forex companies that defraud and defraud individuals. and there are reviews resulting from trading with folks that couldn’t bear the loss of their capital. and that they angrily write negative reviews so they’ll reduce the shock they received and calm them down.

There are many reviews that are allotted with the aim of entering wars and conflicts. Many fraudulent companies add the forex field that competes with a3trading company. but they aspire to distort that competition and warp the reputation of the corporate. thanks to their great hatred for the large successes achieved by A3Trading within the trading market. So you must watch out for the words utilized in the reviews to grasp if the one who reviewed the proper to his speech or if that speech is illogical.

2- In terms of knowledge

Trading through forex companies and with A3trades always needs licenses to try to, and this is often exactly what A3 Trading has. it’s all the mandatory licenses to control within the market. one in every of the foremost important of those licenses is that the European Union license for securities that were registered within the European Community country of Cyprus.

More than 10 years have passed since the corporate was launched for the primary time for users, so it’s considered one among the oldest companies performing on trading within the Arab world. and this increases the likelihood of its sincerity.

 

The company works to produce an outsized number of reliable payment tools, like Visa Card and MasterCard. this can be what many fraudulent platforms that employment to supply unreliable payment tools, like Chinese and Russian, are missing because these tools aren’t adequately monitored. Evade it with ease.

The company is functioning to supply the 3D SECURE security feature that’s not widely present among other trading platforms because it could be a protocol whose mission is to avoid fraud. which by using credit cards, and Master Card and Visa share in providing this feature that it provides only to trusted clients Them. And this might raise a matter ahead of you, namely: Why are two large companies like them working to produce this property to a scourer? this can be precisely what’s inconsistent with logic. it’s conclusive evidence that A3Trades isn’t a scammer, and this can be what a3trades really is

A3 Trading Company is considered one in every of the simplest platforms within the Arab world that have an interest in trading. it’s also working to supply great support to its users. But in spite of that, you need to first receive a number of subsequent advice:

In conclusion, We might wish to emphasize that a3trading company is licensed to trade through it. but if you’re searching for an organization located within the Arab world that permits you to trade the marketsScience Articles, then a3trading trading companies are your first destination.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Marketing Manager Of A3trading AR. A3 Trading is a global entity with regional offices all over the world. We specialize in providing an exceptional online trading experience by offering user-friendly. 

Article Source: https://www.sarayapost.com/business-news/1002

Marketing Manager Of A3trading AR. A3 Trading is a global entity with regional offices all over the world. We specialize in providing an exceptional online trading experience by offering user-friendly. 

Article Source: https://www.sarayapost.com/business-news/1002

The difference between asset management companies utah and wealth management

Both asset and wealth management are financial services that help manage your investments and build portfolios. If you are confused about whether to work with Asset Management Companies Utah or wealth management, this article will help you understand the difference.

Both asset and wealth management are financial services that help manage your investments and build portfolios. If you are confused about whether to work with Asset Management Companies Utah or wealth management, this article will help you understand the difference.

Keeping control of your hard-earned finances is important to ensure that you stay financially stable in the long future. You will have hard-earned money, but it is so easy to spend it all within a short period of time. It is a daunting task to manage our finances effectively without the help of a financial advisor. And if you’re in need of professional assistance who can help you manage your finances, today, the market is full of professionals who can provide you financial assistance. Asset and wealth management services have become popular over the years, they are similar but demands different attention. On the other hand, there are also Personal Finance Advisor Utah, who can guide you through different financial plans and processes. If you are trying to decide between asset management and wealth management, let’s look into the difference between the two.

Asset Management- Asset refers to all your financial holdings, and asset management is a financial service that typically focuses on investments including, stocks, bonds, mutual funds, ETFs, and any other quantifiable investments that could gain value in the future. An asset manager usually acts to determine the investment that could be a strong fit based on your needs. They will work by allocating assets and dividing investable assets that align with your individual goals. They will take a look into your portfolio and determine what percentage of it should be built on stock and growth products.

Wealth Management- Wealth management is a broad term that is used to define and is typically used in business, traders, and wealthy individuals. Their services are designed to aid a client or company’s financial situation while consolidating their long term wealth. This management takes into account all the financial aspects relating to a client, including accounting, taxation, insurance, retirement planning, legacy planning, estate planning, and others. They are known to build long-term strategies for the clients based on family dynamics, individual goals, existing financial circumstances, and taking into account the risks to come up with a comprehensive plan of action and then carefully implement the strategies.

Key Difference Between Asset and Wealth Management- The most significant difference between asset and wealth management is the level of focus in both departments. While the asset managers are fully intent on taking care of the client’s investment, the wealth manager takes a broader look into their entire financial circumstances to optimize their money and help achieve individual goals and ambitions. Wealth managers typically focus on preserving the client’s finance; whereas, asset managers aim to produce tangible returns on investment. Asset managers offer in-house products and services and are sophisticated towards maximizing the potential of your asset. The wealth managers are process-driven and aim for synergy gains through a combination of various inputs.

Often these two terms are used interchangeably, but there are important differences between these two services. Both can be used as a tool for managing and growing financial resources, but their services vary. After looking at the difference between Asset Management Companies Utah and Wealth managementArticle Submission, you can choose one based on your goals and preference.

Article Tags:
Difference Between Asset, Between Asset Management, Asset Management Companies, Management Companies Utah, Difference Between, Between Asset, Asset Management, Management Companies, Companies Utah, Wealth Management, Look Into, Individual Goals, Asset Managers

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Located in Draper, UT, Coign Capital Advisors, LLC is a registered investment adviser. We offer Financial Planning and Asset Management services

Located in Draper, UT, Coign Capital Advisors, LLC is a registered investment adviser. We offer Financial Planning and Asset Management services

Page 2 of 3

Powered by WordPress & Theme by Anders Norén