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An option to Google ad words.

An option to Google ad words.

Alternative to Google ad words in Nigeria is what is on the mind of advertising companies and business owners in Nigeria, since the increase of dollar against Naira, advertising online in Nigeria on Google and some of the major platforms that charges in dollars is now very difficult.

Most people are looking out another means of advertising goods, services and events online and pay in Naira instead of dollar.

If you are one of those looking for another option to Google ad words, then Alternative advert ltd is the only option to Google that can guarantee to reach over 20 million people online in Nigeria and beyond on over 5000 websites at an affordable cost, and you can also pay in Naira.

Alternative Adverts Ltd has made it very easy to advertise on multiple websites from a single platform, and your adverts will appear on most of the Major Newspapers websites Online, like guardian.ng, vanguardngr.com, punch.com, thenationonlineng.net, premiumtimesng.com, dailytimes.ng, etc.

 

Visit this link https://www.alternativeadvert.com/advertiser_join.php to register

You can also call us on 08140806869, 012931183 for more details.

 

 

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CBN limit offshore spending limit on naira debits cards

CBN limit offshore spending limit on naira debits cards

Offshore spending limit on naira debits cards by CBN

Since the central bank of Nigeria has placed spending limit on the naira debit card it is becoming increasingly difficult for Nigerians to do foreign transaction.

On the 11th of October Bank Customers noticed that $250 is the maximum oversea spending limit on naira debit card.

On the 13th of October it was further reduced from $250 to $100 maximum oversea spending limit on naira debit card.

The policy has made things difficult for the IT industry as many companies were stranded for days not knowing what to do or how to pay their foreign providers.

To make matter worse banks did not send the regular circular ahead as they usually do informing their customers of the new policy, I cannot tell if it is a directive from CBN not to inform the public or it was a deliberate attempt by the banks to keep their customers in the dark.

Before now Nigerians shop online with their naira debit cards and some pay for some other services like websites hosting and the likes, but with the spending limit most of the companies oversea will start losing their Nigeria clients because most people will look for local alternative services providers.

It is time to look out for local providers for most of your services another option is to buy dollars from the black market and fund your dollar account.

In my opinion patronizing the local vendors will go a long way in solving the naira crisis.

For online advertisement in Nigeria I recommend Alternativeadvert.com it really local alternative to google adwords visit http://www.alternativeadvert.com/advertiser_join.php

and

https://www.alternativeadvert.com/eng/Blog/Alternative-to-google-adwords-nigeria.html

Or call 08140806869, 07014039333.

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Devalue your naira to tackle recession, says eu

Devalue your naira to tackle recession, says eu

DEVALUE YOUR NAIRA TO TACKLE RECESSION, SAYS EU

BY OMOKHUALE PUAH

A part in the European Union (EU) has advised the Nigerian government to devalue its Naira, so as to tackle its Economic recession.

This was disclosed by a Councellor, Head of Trade and Economics Section of the EU, Fillippo Amato on Monday, in an interview with journalists.

It had been noted that the naira which currently trades between 311 and 475 to dollar at official and black market rate, accounts for a 100 percent increment in value since the Central Bank of Nigeria (CBN) removed its Peg on naira.

Following reports from the News Agency of Nigeria (NAN), the EU official said that recession could not be addressed by traditional tools.

Amato said that recession is a recent development which was caused by a great number of factors which includes falls in oil prices and resurgence of military in Niger Delta.

He stated in his words “for Nigeria to come out of recession, brave decisions must be taken by the country regardless of how unpopular they may be, such as ‘effectively devaluing the naira’.

“Naira devaluation is a great measure which will finally reassure investors and attract new capitals to the country”. He said.

“Devaluation would further help to reduce improve imports; removing artificial forex restrictions and removing potential scarce resources such as fuel subsidy.

“Improving security and ease of doing business are also key factors at which government must urgently work, so as to re-launch the economy” he added.

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Fx market traps naira to 480 per dollar

Fx market traps naira to 480 per dollar

FX MARKET TRAPS NAIRA TO 480 PER DOLLAR

BY OMOKHUALE PUAH

The Nigeria Currency, Naira has on Thursday pitched against the price of Dollar to a new record low of N480 per Dollar at against its previous price of N472 per dollar as at Wednesday.

A Dealer who sees the possibility in the soon fall of naira said in his words “dollar is very scarce in the market, because so many do not know the extent of its fall, in the near term. People tend to hold on to their hard currencies, in other to watch the direction of the market”.

Economic and financial analysts have linked the shortage in dollar to a wave of depreciation caused by a speculative attack on the naira and a high demand from companies and private individuals.

It was noted that after trading between N423 and N425 per dollar, for several weeks, the naira increased to N428 last Wednesday, which came a day after the Central Bank of Nigeria’s Monetary Policy committee retained the lending rate at 14 percent contrary to calls by the fiscal authority, economists and stakeholders.

Though analysts dismissed that the recent declines had links with the MPC's decision, which retained the lending rate at the current rate, but at the interbank market, on Thursday, the naira closed at 305.31/ dollar, up from 312.99 on Wednesday.

According to Gwadabe, the planned commencement of distribution of forex by Travelex could not hold due to some bottlenecks.

He said that Travelex, an international money transfer organization, ought to have begun the Forex distribution to the BDC operators on Monday, but was postponed to Wednesday which still did not hold.

Following the words of ABCON leader, the sale of forex to the BDC operators by Travevelex, would help to stem the tide of volatility in the exchange rate and subsequently close the gap between the official and parallel market rates.

Saying that the latest decline in the naira was as a result of the activities of speculators, He added that Travelex has the technology to sell Forex to about 1,000 BDCs in a couple of hours, which is a major advantage.

Mr. Kunle Ezun, a currency analyst at the Ecobank Nigeria, said in his words “these rising exchange rate currently at the parallel market, are not realistic, because it has to do with speculators.

“The fact that there is an acute and chronic shortage of forex cannot be over ruled, for there is a genuine demand which the supply cannot match, because inflows have dropped significantly”, Mr. Kunle added.

Gwadagbe further said “several sharp practices have been ongoing in the forex market and these elements want to continue making profits from the status quo, which is why it is speculating against the naira”.

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NAIRA RISES TO N402

NAIRA RISES TO N402

 

NAIRA RISES TO N402 PER DOLLAR

BY: OMOKHUALE PUAH

A reduction in the value of naira has on Wednesday been discovered in both the parallel market and interbank as the shortage in foreign exchange hits the market.

This was stated by traders at the black market yesterday in some sections of Lagos, as they complained that the value of naira which was managed at N305 for interbank rose on to N315.93 per dollar, while at the parallel market, the naira trades at N402 to one dollar, which is 5 units weaker than N397.

As stated by a source, “the reason for the increase was due to shortage of dollars”. They also mentioned the fact that the nine lenders banned by CBN could also have caused market instability as the fear of liquidity have caused traders to hoard in anticipation of CBN’s further actions.

An Access Bank executive quoted that “naira could even exceed N500 in 2017”.

They also complained that trade posts were delayed until three minutes before the end of the session, when the apex bank intervened.

 

 

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