Admirals Opens New Office in Nigeria to Strengthen Its African Presence

Admirals Group SA, an Estonia based Retail FX and CFDs broker, announced the opening of a new office in Nigeria, aiming at strengthening its position as a major financial service provider in Africa.

With the new office, Admirals plans to offer Nigerian traders with a wide range of financial products and services including including trading in stocks, forex, and CFDs on indices, metals, energies, stocks, bonds, and cryptocurrencies. In addition, the company intends to enhance local financial education by providing financial education materials such as e-books, webinars, online courses, etc.

Admirals has long targeted the African market for its expansion. In June 2022, the company obtained a brokerage license in South Africa​ and announced plans to open its first African office in Cape Town. At the end of the year, its African subsidiary Admirals Kenya Limited had been licensed as a non-dealing online forex trading broker​ in the East African country by the Kenya's Capital Marekts Authority (CMA).

"We are extremely thrilled to have opened another hub in the African continent. 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," said Boriss Gubaidulin, Africa Director of Admirals. "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. Admirals is looking forward to helping the growth of our traders, investors, partners and anyone who is interested in expanding their financial knowledge."

"We have received significant traction from traders in Nigeria, prompting us to establish a local presence to better support community of local traders in Nigeria," added Davies Babalola, Manager and Sales Team Lead of Admirals 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."