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Bitcoin: A better version of Gold, blasts past US $51,000

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Bitcoin has in recent time compared to be way better and valuable than gold. This comes as a result of the rise in prominence of Bitcoin in the Digital Currency Market.

Users of Bitcoin all over the world have had their say on the digital currency, its rise, security, merits and demerits. Financial institutions are not left out of the discussion as well, including popular entrepreneurs and celebrities. While most are very positive and optimistic about Bitcoin, others are apprehensive of the consequences of its rise to the capital market.

Countries of the world continue to adopt and strengthen trade in bitcoins and Crypto currencies, like the US, South-Asia particularly Vietnamese and Filipino, Turkey, Peru and even Nigeria has shown no sign of slowing down in recent times.

According to CoinTelegraph; “Adoption in the country shows no signs of slowing, with demand for crypto assets booming among Africa’s largest population despite the Central Bank of Nigeria enacting a ban on banks providing financial services to crypto exchanges in the past fortnight. On Feb. 17, Cointelegraph reported that BTC was trading at a 36% premium in Nigeria.”

CoinTelegraph

Read Also: CBN adviced; Regulate Cryptocurrency transactions rather than banning them.

Notable figures also had their say in the subject as shown below:

As reported by Bloomberg; ‘Nexo co-founder and Managing Director Antoni Trenchev discusses the factors behind Bitcoin’s record-breaking rally and the impact of rising U.S. inflation on the cryptocurrency’s value on’ “Bloomberg Markets.” Click here to read the report

Also, @Elon Musk has this to say about bitcoins too; “I think at this point that Bitcoin is a good thing. I’m late to the party but I’m a supporter of Bitcoin. And I think Bitcoin is on the verge of getting broad acceptance by conventional finance…”

Gotten from an extract of @iamdamilosky on twitter.

Do you still think this is only a bubble or do you think people should take it more serious? The market may be volatile, but it continues to trend up. You might want to make your stand today. What would that be?

Business

CAMA 2020, How easier has it made the running of a business

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CAMA 2020

The Company and Allied Matters Act is likewise known as CAMA 2020 was signed into law by President Buhari in August 2020 as efforts were made to create a better and conducive environment for businesses to strive in Nigeria and ease its operation as well.

CAMA 2020 was engineered to bring about giant strides in the reformation and push for onerous legal, regulatory and administrative bottlenecks, set to foster years of bumper operations in the business in Nigeria.

Read Also: BREAKING: Supreme Court Justice Ngwuta dies days to retirement

This was an initiative born out of difficulties and stress in transacting business with the Corporate Affairs Commission (CAC) before now, for individuals as well as, Micro, Small and Medium Enterprises (MSMEs) and other Nigerian investors.

The Director, Board Secretariat CAC Mr Justine Nidiya stated during an interactive webinar meeting organised by CAC and the European Agents for Citizen-Driven Transformation Programme (EU-ACT) that; according to CAC, CAMA 2020 was a combined effort of Corporate practitioners, private sectors and International Communities.

READ ALSO: Supreme Court Justice Ngwuta dies days to retirement

He went further to state that the new Law has brought about a great show of interest as well as controversies from the general public and the civil society actors.  he however reiterated that the CAMA 2020 was meant to help all businesses and CSOs perform better and achieve their set goals easier.

In your opinion, do you think CAMA 2020 has eased business operations and registrations in Nigeria of late or not?

 

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Igbo can feed themselves, South East Town Union tells Northern traders

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In line with threats from some Northern Groups to end the supply of food items to the South, the South East Town Union Association has said the people of the South East region are capable of feeding themselves.

The group’s National President, Emeka Diwe, and the Secretary, Gideon Adikwuru, in a statement on Tuesday, said it would within a short time put a stop to the capital flight caused by what they called “the imperialism of the northern agro-cartels in Igboland.”

Read Also: Suswam’s brother and Aide killed by gunmen

The South East Town Union  has it that the decision of the Northern traders had helped the plan of Ndigbo through the association to attain total self-sufficiency in food production.

 

“The target is to encourage the steady and seamless repatriation of Igbo wealth back home, thereby unleashing the potential in all the sectors of the local economy and facilitate job and wealth creation for our people through various value chains.

“We prepared for it, and it has aided the materialisation of our initiative and fast-tracked our agenda which is to harvest home our wealth and make our land an oasis of prosperity among the Black race,” ASETU said.

 

According to reports by DAILY POST, the Amalgamated Union of Foodstuffs and cattle Dealers of Nigeria had embarked on an indefinite strike, vowing not to supply food items to the South to protect alleged maltreatment of Fulani herdsmen and some Northerners residing in the south.

 

The above union in the light of same has instead demanded compensation to the tune of N4.75 billion for the alleged losses incurred by it’ members during the #EndSARS’ protestIgbo and razing of their properties at Shasha market in Oyo State.

This has in recent time resulted to hike in the price of food commodity around many parts of southern Nigeria, with Oyo in the centre of it all.

 

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BREAKING: Senate asked to confirm Shaba as DG NASRDA

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illustrating news on appointment of DG NASRDA

President Buhari instructs Senate to confirm the appointment of Dr Halilu Shaba Ahmad as the new Director-General of the National Space Research and Development Agency (DG NASRDA).

Buhari has urged lawmakers to give it accelerated consideration as contained in the letter from the President read on the floor of the Senate by the President of the Senate on Tuesday.

Read Also: Shoprite workers Protest in Ondo State over alleged maltreatment

While Dr Ahmad has been in an acting capacity as DG NASRDA since the two-term tenure of Professor Seidu Mohammed expired in June 2020, the Agency had on July 2, 2019, announced the appointment of Mr Jonathan Angulu as the acting Director-General to facilitate a seamless transition process between the outgone DG and an incoming one.

In the light of the permanent what could be a permanent hand over, Jonathan handed over to Ahmad two days earlier to continue in an acting capacity until the Federal Government appointed a substantive Director-General.

Dr Ahmed has previously served in various notable positions such as the Director, Strategic Space Applications, and as a Deputy Director at the National Emergency Management Agency between 2006 to 2009, before joining NASRDA.

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