Opeyemi Quadri

Ope is a finance writer and researcher with 10+ years of experience in content creation. His interests cut across decentralized finance, investment, foreign exchange, government policies and politics.

Mapping the Rich: Where Ultra-High-Net-Worth Individuals Live and Thrive

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What Defines Extreme Wealth? Ultra-High-Net-Worth Individuals (UHNWIs) are people whose investable assets exceed $30 million, excluding personal assets like primary residences. This elite group represents the pinnacle of global wealth, commanding significant economic, social, and philanthropic influence. UHNWIs’ wealth is often diversified across assets such as equities, real estate, and private businesses. Characteristics of UHNWIs … Read more

Understanding High Net Individuals (HNIs): What Sets Them Apart?

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Aliko Dangote net worth

The discussion in Nigeria’s taxation space lately has been how to tax the High Net Individuals (HNIs) more. Already, the Internal Revenue Service of the Federal Capital Territory Abuja has opened a special unit, targeting individuals who earn an annual income of N25,000,000 or more. So, Who Are The High Net-Worth Individuals? The term “High Net Individuals” … Read more

Comparing Endowment Insurance Policy Plans: What You Should Know

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What Is an Endowment Insurance Policy? An endowment insurance policy is a unique financial product that combines life insurance coverage with a savings component. It ensures that the policyholder’s family receives financial support in the event of an untimely death while also providing a lump-sum payout if the insured survives the policy term. This dual … Read more

Bitcoin’s November 2024 Surge: A Month of Records and Resilience

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November 2024 was nothing short of electrifying for Bitcoin enthusiasts and market watchers. From breaking barriers to flirting with the monumental $100,000 mark, the king of cryptocurrencies delivered a rollercoaster ride of price swings and bold statements. Whether you’re a seasoned investor or just curious about what’s driving the market, this analysis uncovers the forces … Read more

What Is Annual Percentage Rate (APR)? How It Works With Relatable Sample

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If you’ve ever taken out a loan, signed up for a credit card, or considered financing a car, you’ve probably come across the term Annual Percentage Rate (APR). At its core, APR is a way to understand the cost of borrowing money or the return on an investment in terms everyone can easily compare. Key … Read more

Is 3D Secure the same as 2FA?

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No, 3D Secure and Two-Factor Authentication (2FA) are related because they serve as security layer in the financial and banking sector, but not the same. Key Differences Between 3D Secure and General 2FA Here’s how they differ: Purpose 3D Secure: A specific protocol designed to secure online card transactions by authenticating the cardholder. It’s used … Read more

How 3D Secure Works in Banking: A Guide for Banking Executives

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The digital revolution in banking has reshaped how customers interact with financial institutions, but it has also introduced new risks, particularly in online transactions. One of the key tools to combat these risks is 3D Secure, a protocol designed to enhance the security of online card payments. Let’s break it down. What is 3D Secure? … Read more

Benefits of Two-Factor Authentication in Banking: Why You Need It

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Imagine you leave your home and lock the door.  You will also go ahead by adding an extra layer of security by putting a padlock on top of the door lock or setup a sensitive alarm, which will alert the community whenever a stranger wants to forcibly gain entry. That’s what Two-Factor Authentication (2FA) does for … Read more

A Practical Guide to Insuring Your Jewelry

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Jewelry is usually full of sentimental and financial value; it’s imperative to protect it against loss, theft, or damage. However, many people overlook the benefits and insurance of these valuable items, which could cause serious financial losses. Having insurance on your jewelry ensures that in the instance of the unexpected it will make the process … Read more

Projections for Bitcoin in Late 2024

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The surge in Bitcoin’s price through 2024 reflects a dynamic year for the cryptocurrency market. As of November 12, Bitcoin reached an all-time high of $89,956.88, underscoring its continued position as the leading digital currency. This report provides an overview of Bitcoin’s price trend from January to November 12, 2024, and projects what traders might … Read more

Review of Bitcoin Price in October 2024

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Bitcoin began October with a price of $63,335.60 and closed the month significantly higher at $70,215.19. This steady upward trend in Bitcoin’s value resulted in a market capitalization increase from approximately $1.2 trillion to over $1.38 trillion. October’s performance reflected an overall increase compared to September, where Bitcoin closed at $63,329.50. Weekly Analysis Week 1 … Read more

Review of Bitcoin Price in September 2024

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Bitcoin’s price showed notable fluctuations from September 1 to September 30, 2024, beginning the month at $58,969.80 and closing at $63,329.50, reflecting an overall positive trend with substantial intra-month volatility. Monthly Performance Highlights Starting Price: Bitcoin opened the month at $58,969.80 on September 1, with an initial drop to $57,325.49 by the end of the … Read more

Understanding National Grid Collapse in Nigeria

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The grid collapse on November 7 marked the 10th such incident in Nigeria in 2024, plunging the country into complete darkness. In Nigeria, grid collapses involve the Generation Companies (GenCos), the Transmission Company of Nigeria (TCN), and the Distribution Companies (DisCos). What is the National Grid? The National Grid is a network of power-generating plants, … Read more

Timeline of National Grid Collapse in Nigeria in 2024

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On December 11, Nigeria once again witnessed its 11th electricity national grid collapse in 2024. Most part of the country was thrown into darkness following the electricity grid collapse, dropping from about 3,000 megawatts around 1:00 pm to zero megawatts by 2:00 pm. Barely a month ago, at exactly 11:29 a.m., most power distribution firms … Read more