Terms of Service

These Terms of Service ("Terms") are entered into between Veliqo Technologies Limited, a company incorporated in Nigeria with registration number RC 9645282 ("Veliqo", "we", "us", or "our"), and you, the person or entity accessing or using the Platform ("you", "User"). These Terms incorporate by reference our Privacy Policy and any other policies or guidelines we publish on the Platform.

By accessing, registering for, or using the Platform, you confirm that you have read, understood, and agree to be bound by these Terms. If you do not agree to these Terms, you must not access or use the Platform. If you are using the Platform on behalf of an organisation, you represent that you have authority to bind that organisation, and "you" refers to both you and that organisation.

• Platform — the Veliqo website, web and mobile applications, APIs, data, content, and all related services.
• Content — all data, text, graphics, charts, market information, signals, valuations, and other materials made available on the Platform.
• Market Data — information relating to securities listed on the Nigerian Exchange (NGX) and other markets, including prices, volumes, and derived analytics.
• Sponsor — an advertiser whose content or branding appears on the Platform.

Veliqo is currently provided to Users free of charge, with no subscription fees or paid tiers. References throughout these Terms should be read accordingly.

To use the Platform, you must be at least 18 years of age and capable of forming a legally binding contract under applicable law. By using the Platform, you represent and warrant that you meet these requirements. We may refuse access, suspend, or terminate accounts at our discretion where eligibility requirements are not met or where we are required to do so by law.

You are responsible for ensuring that your use of the Platform complies with all laws and regulations applicable to you in your jurisdiction. The Platform is operated from Nigeria, and we make no representation that the Platform is appropriate or available for use in other locations.

Veliqo is not a licensed broker-dealer, investment adviser, financial adviser, securities dealer, or fund manager, and is not registered with or regulated by the Securities and Exchange Commission of Nigeria (SEC), the Central Bank of Nigeria (CBN), or any equivalent authority in any jurisdiction, save as expressly stated.

All Content on the Platform — including heatmaps, screeners, signals, valuation models, discounted cash flow analyses, AI-generated narratives, portfolio reports, and any scores or ratings — is provided for general informational and educational purposes only. Such Content:

• Does not take into account your individual financial situation, objectives, risk tolerance, or needs;
• Should not be relied upon as the basis for any investment or financial decision;
• Is not a substitute for professional advice from a licensed financial adviser, broker, accountant, or attorney;
• May be generated in whole or in part by automated systems or artificial intelligence and may contain errors, omissions, or inaccuracies.

You acknowledge and agree that any decision you make to buy, sell, hold, or otherwise deal in any security or financial product is made solely at your own discretion and risk. Investing in securities involves substantial risk, including the possible loss of your entire principal. Past performance is not indicative of future results. You should seek independent professional advice before making any investment decision. Veliqo shall have no liability whatsoever for any decision made or action taken by you in reliance on any Content, and this is reinforced by the fact that Veliqo is provided to you entirely free of charge, as set out further in Section 11.

Market Data displayed on the Platform may be sourced from third-party data providers, the Nigerian Exchange, brokers, or other sources, and may be delayed, incomplete, or inaccurate. Market Data is generally provided on a delayed basis (for example, delayed by 30 minutes or more). Real-time data, where offered, is provided on a best-efforts basis.

Veliqo does not warrant, guarantee, or make any representation regarding the accuracy, completeness, timeliness, reliability, or fitness for any particular purpose of any Market Data or Content. To the maximum extent permitted by law, Veliqo expressly disclaims all liability for any errors, omissions, delays, or inaccuracies in the Market Data or Content, or for any action taken in reliance thereon.

The Platform's portfolio tracking feature allows Users to manually record holdings, including assets not listed on the NGX. Veliqo is not a brokerage, custodian, or fund administrator; the portfolio feature is a personal tracking tool only, and values, gains, losses, and returns displayed are calculated from data you provide and are not verified or audited by Veliqo.

To access certain features, you must create an account. You agree to provide accurate, current, and complete information and to keep it updated. You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.

• You must notify us immediately of any unauthorised use of your account or any other breach of security;
• You may not share, sell, transfer, or licence your account to any other person;
• We are not liable for any loss or damage arising from your failure to safeguard your credentials;
• We reserve the right to suspend or terminate accounts that contain false information or that are used in breach of these Terms.

You agree not to, and not to permit any third party to:

• Use the Platform for any unlawful, fraudulent, or unauthorised purpose;
• Scrape, harvest, crawl, data-mine, or use automated means to extract data from the Platform without our prior written consent;
• Copy, reproduce, redistribute, republish, sell, or commercially exploit any Content except as expressly permitted;
• Reverse-engineer, decompile, or attempt to derive the source code of any part of the Platform;
• Circumvent, disable, or interfere with security features or access controls;
• Introduce viruses, malware, or other harmful code, or launch denial-of-service or other disruptive attacks;
• Impersonate any person or entity, or misrepresent your affiliation with any person or entity;
• Use the Platform to transmit unsolicited communications, spam, or unlawful advertising;
• Use the Platform in any manner that could damage, disable, overburden, or impair it.

We reserve the right to investigate and take appropriate action, including suspension or termination of access and referral to law enforcement, against any User who violates this Section.

The Platform contains advertising and sponsored content, including programmatic advertising served by third parties (such as Google AdSense) and direct advertising sold by Veliqo to Sponsors. By using the Platform, you acknowledge and agree that:

• Advertisements and sponsored placements will be displayed throughout the Platform;
• The presence of any advertiser or Sponsor does not constitute an endorsement or recommendation by Veliqo;
• Veliqo is not responsible for the content, accuracy, legality, products, or services of any advertiser or Sponsor;
• Any dealings between you and an advertiser — including the purchase of products, opening of accounts, or transfer of funds — are solely between you and that advertiser, and Veliqo is not a party to and bears no liability for such dealings;
• You should independently verify any advertiser and conduct your own due diligence before transacting.

Advertising is labelled as "Sponsored", "Advertisement", or with similar designations in accordance with applicable advertising standards and the Federal Competition and Consumer Protection Act (FCCPA) and Advertising Regulatory Council of Nigeria (ARCON) guidelines.

The Platform and all Content, including its design, software, code, logos, trademarks, the "Veliqo" name and brand, heatmap visualisations, signal methodologies, and all other materials, are owned by or licensed to Veliqo and are protected by copyright, trademark, and other intellectual-property laws of Nigeria and internationally.

Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable licence to access and use the Platform for your personal, non-commercial use. This licence does not permit you to:

• Reproduce, distribute, publicly display, or create derivative works from any Content;
• Use any Veliqo trademark, logo, or brand without our prior written consent;
• Remove or alter any proprietary notices.

Where you submit feedback or suggestions, you grant us a perpetual, irrevocable, royalty-free licence to use that feedback without restriction or compensation to you. You retain ownership of content you create within the Platform (such as watchlists and portfolio entries), but grant us a licence to host and process it to provide the service.

Without limiting the foregoing, Veliqo does not warrant that: (a) the Platform will be uninterrupted, secure, error-free, or available at any particular time; (b) any defects will be corrected; (c) the Platform or its servers are free of viruses or other harmful components; or (d) the Content, including Market Data, signals, and valuations, is accurate, complete, reliable, current, or fit for any purpose. You use the Platform entirely at your own risk.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL VELIQO, ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, OR LICENSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR INVESTMENT LOSSES, EVEN IF VELIQO HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

WHERE APPLICABLE LAW DOES NOT PERMIT THE FULL EXCLUSION OF LIABILITY SET OUT ABOVE, VELIQO'S TOTAL AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE PLATFORM SHALL NOT EXCEED TWO UNITED STATES DOLLARS (USD $2), REFLECTING THE FACT THAT NO FEES ARE PAID BY USERS FOR ACCESS TO THE PLATFORM.

In particular and without limitation, Veliqo shall have no liability for any trading or investment losses you incur, whether or not such losses arose from reliance on Content, Market Data, signals, portfolio calculations, or valuations displayed on the Platform. Some jurisdictions do not allow the exclusion or limitation of certain damages, so some of the above limitations may not apply to you; in such jurisdictions, our liability is limited to the maximum extent permitted by law.

You agree to indemnify, defend, and hold harmless Veliqo, its directors, officers, employees, agents, and licensors from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or in connection with: (a) your use or misuse of the Platform; (b) your violation of these Terms or any applicable law; (c) your violation of the rights of any third party; or (d) any content or data you submit to the Platform.

We may suspend or terminate your access to the Platform, in whole or in part, at any time and for any reason, including if we reasonably believe you have violated these Terms, with or without notice and without liability to you. You may terminate your account at any time by following the instructions on the Platform or contacting us.

Upon termination: (a) your right to access the Platform ceases immediately; (b) we may delete your account and data subject to our Privacy Policy and legal retention obligations; and (c) provisions of these Terms which by their nature should survive termination (including Sections 4, 5, 9, 10, 11, 12, and 14) shall survive.

These Terms and any dispute or claim arising out of or in connection with them or their subject matter (including non-contractual disputes) shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, without regard to conflict-of-laws principles.

14.1 Amicable Resolution

Before commencing any formal proceedings, the parties shall first attempt in good faith to resolve any dispute through negotiation. You agree to contact us first to seek a resolution.

14.2 Arbitration

If a dispute cannot be resolved amicably within thirty (30) days, it shall be referred to and finally resolved by arbitration in accordance with the Arbitration and Mediation Act 2023 of Nigeria. The seat of arbitration shall be Lagos, Nigeria; the language shall be English; and the tribunal shall consist of a single arbitrator appointed in accordance with that Act. The arbitration award shall be final and binding.

14.3 Courts

Subject to the arbitration provision above, the courts of Nigeria shall have exclusive jurisdiction. Nothing in this Section prevents Veliqo from seeking injunctive or equitable relief in any court of competent jurisdiction to protect its intellectual property or confidential information.

• Entire agreement: These Terms, together with the Privacy Policy and any policies referenced herein, constitute the entire agreement between you and Veliqo and supersede all prior agreements;
• Severability: If any provision is held invalid or unenforceable, the remaining provisions shall continue in full force and effect;
• Waiver: Our failure to enforce any provision shall not constitute a waiver of that or any other provision;
• Assignment: You may not assign these Terms without our prior written consent. We may assign these Terms freely, including in connection with a merger, acquisition, or sale of assets;
• Force majeure: We shall not be liable for any failure or delay resulting from causes beyond our reasonable control;
• Changes to Terms: We may modify these Terms at any time by posting the revised version on the Platform. Material changes will be notified to you. Continued use after changes take effect constitutes acceptance;
• Notices: Notices to us should be sent to legal@veliqong.com. Notices to you may be given via the Platform or your registered email address.