The chairman of Samsung Electronics Lee Kun-hee, has died early Sunday morning at the age of 78. Lee was South Korea’s richest and most powerful industrialist. Kun-hee who transformed the South Korean firm into the world’s largest producer of smartphones and memory chips, was once convicted of criminal offences, in one case bribing a president. A statement by Samsung … Read more
SARS is a special unit in the Nigeria Police Force which means Special Anti-Robbery Squad. It was created to reduce the incidence of robbery across Nigeria. However, officers of the unit turned themselves to blood-sucking vampires. They rob innocent citizens of their possession, harass anyone who asks a question and they engage in extra-judicial killings. … Read more
After an intensive selection process, the owners of Ajayi Crowther University (ACU), Oyo, announced Professor Timothy Abiodun Adebayo as the institution’s fourth Vice-Chancellor on September 17, 2020. Adebayo, a former Deputy Vice-Chancellor of Ladoke Akintola University of Technology, Ogbomoso, is also a professor of Entomology and Pesticide Toxicology. Who is Prof. Adebayo? Born into the … Read more
If you think that the founder of Ethereum is someone who had spent more than three decades in the tech space, you are definitely wrong. Though no one knows Buterin’s net worth, some cryptocurrency analysts considered him to be the richest Ethereum holder. Date of birth Born on January 31, 1994, in Kolomna, Moscow Oblast, … Read more
Until September 24, 2020, GTBank domiciliary account was the best in Nigeria, there is no gainsaying about that. But that seems to have changed following the present withdrawal issue being faced by dom account holders with the bank, they can neither make a transfer to another account or withdraw. UPDATE: Information we got from operators of … Read more
What are Bureau De Change Operators? Bureau De Change operators are retail currency changers. Their primary function is buying and selling of legal tender of different currencies. They aim to buy cheaper for them to have a profitable ‘spread’ when they find a buyer. Sometimes, they charge a commission when they act as an intermediary between … Read more
As pressure on the Nigerian currency persists, one of our readers has asked, ‘Is it possible to purchase dollars directly from the Central Bank of Nigeria (CBN)? The straightforward answer is NO. However, we’ll share some tips on accessing foreign exchange from Nigeria’s apex bank through financial institutions after the CBN halted the sale of … Read more
It seems the world is moving towards digital currency, making thousands of people around the world get involved, but as millions of people are embracing digital assets, how do you identify cryptocurrency scams and fraudulent Initial Coin Offerings (ICOs)? In this post, we would share with you some of the red flags to watch out … Read more
After the global pandemic, business owners will have to focus on increasing sales and lowering cost, unfortunately, eight out 10 SMEs fail within the first 18 months, says Bloomberg. In this post, we’ll share with you 60 effective ways to cut business expenses in Nigeria. As a growing business, cutting down cost on basic business outlays … Read more
Unlike China, Sweden, and Canada, Australia says Central bank Digital Currency (CBDC) is necessary right now, says Reserve Bank, whether the country would consider it in future remains an unanswered question among cryptocurrency enthusiasts. CBDCs are on top of the agenda of several countries around the World, but according to a report, the Reserve Bank … Read more
Cryptocurrency issuers will now be required to register their digital assets with the Securities and Exchange Commission (SEC) in Nigeria Nigeria will now regulate all Digital Assets Token Offerings (DATO), Initial Coin Offerings, Security Token ICOs , and other Blockchain-based offers For those who wish to penetrate the Nigerian cryptocurrency market, there are steps you … Read more
Tom Emmer to accept campaign donations in cryptocurrencies “Increasingly more use of crypto for politically motivated purposes will push crypto acceptance and adaption by the masses – and the political field. Great development,” a cryptocurrency investment platform Crypto Mastermind tweeted Thursday, August 20, 2020 The firm was reacting to the recent announcement by a US Congressman … Read more
A Malta-based cryptocurrency trading exchange platform OKEx has explained how hackers gained access into its trading cryptocurrencies platform stealing $5.6 million worth of Ethereum Classic in the process. Funded in 2017, OKEx becomes the latest victims of crypto scams across the world just at a time a surge in the price of bitcoin and other … Read more
Bitcoin advocate Max Keiser is optimistic that BTC might get $1 trl allocated by global investment funds in the near future. His prediction is coming on the heels of another investor and billionaire Warren Buffett moving part of his investment to gold. The bitcoin investor and founder wanbitcoin.com/keiser/, a bitcoin investment platform that gives $10 worth … Read more
Andreas Antonopoulos claims that the 10BTC was to show that ERC20 Token isn’t a scam I’ve been offered 10BTC to do an interview about HEX to show that it is not a scam, he claims in a tweet A cryptocurrency advocate Andreas Antonopoulos has spoken on how Hex Team offered a bribe of 10 bitcoin for him … Read more