Nigerians are finding it more challenging to make a living as a result of the global economic slowdown in recent months. The cost of products and services has been steadily rising in the nation, and the unemployment rate has been skyrocketing.

Many Nigerians are constantly looking for ways to earn extra money and, if feasible, foreign currency as a result of these issues.

In actuality, it is pretty easy to understand why many Nigerians would love to make money abroad. In the foreign currency market, the Naira has been losing strength as the value of dollars, euros, and other key foreign currencies has increased.

It is now theoretically necessary to earn, save, and invest in foreign currency in order to live a comfortable and easy life in Nigeria and pay your bills and other essentials. But how can a Nigerian resident of the nation make money in forex? In this article, we’ll look at four ways to make money abroad while living in Nigeria.

How to earn money online from forex trading | Premium Times Nigeria

Real-Money Casino Game Playing on Offshore Websites

If you didn’t already know it, one of the most enjoyable methods to earn money online is by playing real money casino games. You are actually compensated for having a good time, and at your convenience. Even though it’s simple to play these games on regional websites, you shouldn’t because you’ll only be paid in that country’s money.

Instead, it’s best you leverage playing on offshore sites. That way, all your winnings will be paid in the foreign currency you desire. Again, when selecting the offshore sites to play, it’s best you opt for the credible ones for a seamless playing experience. For instance, if you’re into poker games, you should look for poker sites that feature titles from the top poker game providers.

Start a Blog

As you may already know, blogging is one of the coolest ways to make foreign exchange in Nigeria. You probably have heard of Linda Ikeji and other Nigerian bloggers who have made significant income through blogging. You can be the next success story.

The idea is simple, start a blog where you will write on various topics and publish. In this era, many people are interested in the latest news and gossip, and your blog can fill that hole. It even gets better with the rise of social media. You can easily share your posts to media such as Twitter, Facebook, or even Instagram. There is a ready-made audience waiting for you on these platforms.

However, it is important to note that making it big as a blogger is not rocket science. You will need to be a great writer and always be on top of the latest news and gossip in the country. Also, ensure that your page offers credible information. This will draw many people to your blog.

Once you have enough visitors and traffic, you can monetize your site by signing up with AdSense. You can also earn money through sponsored posts and ads. It is important to note that you must connect your domiciliary account to your AdSense if you want to earn foreign exchange.

Trading Forex

Some Nigerian residents also earn foreign currencies trading Forex. Forex, the short form for foreign exchange, is a global trading market where foreign currencies are traded for profits.

There are different ways people go about this. However, the most popular way people trade Forex is through dedicated mobile apps and sites. Still, people who aren’t tech-savvy also have their traditional means. They buy foreign currencies whenever and wherever they can and sell when they’ve appreciated to some extent.

Selling Skills Online/Freelancing

To be quite honest, this option is quite widespread in Nigeria. It’s also one of the most popular ways Nigerian residents earn in foreign exchange. Suppose you have a skill you can use to make money online. Then, you should consider selling your services on any of the numerous credible online freelancing platforms.

Most freelancing platforms are typically a marketplace for digital skills. There, you can sell skills like graphics design, programming, web and app development, writing and translations, tutoring, etcetera, and earn in foreign exchange.

Alternatively, you can apply for full-time roles in international organizations that allow it and work from the comfort of your home in Nigeria. That way, you won’t only be working at your convenience but also getting paid in foreign exchange.

Conclusion

There are several ways to earn foreign exchange as a Nigerian. We’ve examined just four in this article. The options highlighted above aren’t just highly profitable, but they’re also very simple to start. Once you start and are committed to doing it right, you’ll start earning in foreign exchange in no distant time.

Four Options To Consider For Earning Foreign Exchange As A Nigerian

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