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Business › Power Sector Privatisation Records Major Loan Default,UBA Takes Over Abuja Disco by naijapower(op): 10:56am On Dec 09, 2021

Okechukwu Nnodim
9 December 2021
The United Bank for Africa Plc has taken over the majority stake in the Abuja Electricity Distribution Company and has received the endorsement of the Federal Government, the Minister of Power, Abubakar Aliyu, announced on Wednesday.

Aliyu said the Deposit Money Bank had to take over the power firm due to the inability of the AEDC’s major investor (Kann Consortium) to effectively service the loans obtained from UBA when it acquired the Disco in 2013.

UBA had acted as the mandated lead arranger, underwriting $122m (about N20bn then) for Kann Consortium’s acquisition of the AEDC.

Providing explanations on Wednesday on what led to the recent changes in the ownership structure and management at the AEDC, the power minister in a statement he signed said the takeover of the Disco by the bank had to happen.

He said, “The AEDC has, of recent, been facing significant operational challenges arising from a dispute between the core investors (KANN Consortium) as owners of 60 per cent equity in the AEDC and UBA as lenders for the acquisition for the majority shareholding in the public utility.

“The situation has currently deteriorated due to lack of access to intervention finances leading to a point whereby legitimate entitlements of the staff are being owed thus leading to service disruptions on December 6, 2021 within its franchise area.

“The Federal Ministry of Power has since taken the initiative to engage organised labour and electricity service has since been restored in the Federal Capital Territory and the states served by the AEDC.”

Aliyu added, “The UBA, as a lender, and in exercising its rights over the shares of KANN Consortium in the AEDC, has taken over the shares of the obligor in the AEDC. This takeover of the majority stake in the AEDC by UBA has consequently led to the reported changes in the management of the AEDC.”

He said the changes in shareholding in the AEDC and the appointment of an interim management for the Disco by the shareholders had been endorsed by the Nigerian Electricity Regulatory Commission and the Bureau of Public Enterprises (as co-shareholders in the AEDC).

The AEDC is the licensed utility that serves end-use electricity customers in Kogi, Nasarawa, Niger states and the Federal Capital Territory.

Also the NERC and BPE in a joint statement said there had been an ongoing dispute among competing factions of the AEDC’s majority shareholder/core investor Kann Utility Company Limited.

They said this dispute eventually spilled over to a dispute with the lender that provided the acquisition loan to Kann for the acquisition of majority shares during the privatisation exercise in 2013

“During the course of the intractable crisis, the AEDC not only struggled to meet its obligations to the market under the terms and conditions of its licence but was also unable to meet its obligations to key stakeholders in the organisation including staff, culminating in the industrial action by members of the Nigerian Union of Electricity Employees,” they stated.

The agencies added, “Eventually, this resulted in a total service disruption on December 6, 2021 for over 14 hours in the AEDC’s network area.”

The statement stated that Kann’s inability to service its acquisition loan and the ensuing dispute over the servicing of the loan from UBA made the lender to exercise its rights by appointing a receiver/manager over Kann.

It stated that stakeholders including the NERC, Central Bank of Nigeria and the BPE had on several times worked to broker an amicable resolution between the contending parties.

The agencies said it became apparent that decisive steps were required to address the matter and the BPE agreed with the lender’s request to exercise its powers as receiver/manager over Kann.

This was by exercising its powers over the 60 per cent equity in the AEDC as a means to recovering the acquisition loan granted by the bank.

“The action to appoint an interim team to manage the AEDC was not done on the basis of a directive from the Federal Government as being falsely reported in the press but on the basis of legal processes arising from the failure of the core investor in the AEDC to meet its obligations to a lender,” the statement added.

It stated that the receiver/manager had agreed to the appointment of an interim management team in conjunction with the BPE as part of measures designed to address business failure events and ensure continuity of service to end-use customers in the service area.

“The Federal Government remains committed to the ongoing initiatives on the recovery of the electricity sector but private investors should remain cognisant of their fiduciary responsibilities to their stakeholders especially in regulated utilities and should not act in a manner that jeopardises public interest,” it stated.

Copyright PUNCH.

https://punchng.com/power-sector-privatisation-records-major-loan-default-uba-takes-over-disco/

Travel › Re: LASTMA Was Pursuing The Trailer That Killed 15 Schoolchildren In Lagos by naijapower: 5:55pm On Dec 07, 2021

RIP to the dead.

Forum Games › Re: IQ Test: Can You Answer It? by naijapower: 10:24am On Dec 06, 2021

Zuze. common vowel sound logic

Foreign Affairs › Biden Wants The World To Go Green, While Pushing For Cheap Gasoline At Home by naijapower(op): 5:24pm On Dec 05, 2021*

By DAVID R BAKER, DAVID WETHE AND ARI NATTER on 11/26/2021

WASHINGTON (Bloomberg) --President Joe Biden wants Americans to dramatically scale back their use of gasoline. And he wants that fuel to be as cheap as he can get it.

If you sense a contradiction there, you’re hardly alone.

In the past several weeks, Biden has urged the world to move faster against climate change and phase out the fossil fuels causing it. But on Tuesday he confirmed the U.S. is opening the spigots on its Strategic Petroleum Reserve, releasing 50 million barrels to bring down gasoline prices, working in concert with China, India, Japan, South Korea and the U.K. That comes less than a week after a long-delayed sale of oil-exploration leases in the Gulf of Mexico which enraged environmentalists. He even asked OPEC to ramp up oil production at a faster pace (the cartel rebuffed him).

The policy whiplash reveals tension between Biden’s long-term climate goals and short-term political realities. He’s determined to transition the U.S. to cleaner sources of energy and rein in carbon emissions. But his administration is also mindful of the energy crisis roiling Europe in recent months. The president can ill afford to let energy prices rise so high that voters turn against him. Former Treasury Secretary Larry Summers made the danger explicit last week when he said inflation threatened to usher in a return to power for former President Donald Trump, who called global warming a hoax.

“That’s a challenging tightrope to walk,” said Dan Pickering, founder and chief investment officer at Houston-based Pickering Energy Partners. With no major breakthrough at the United Nations climate conference in Glasgow, and no cohesive strategy for lowering gasoline prices, Pickering added, “you look not great at either, which seems like the worst place in the world for a politician to be.”

If the future of Biden's administration is on the line, so is the climate. Steps to promote oil production will likely mean additional emissions for years to come, making the goal of limiting warming to 1.5 degrees Celsius even harder to achieve.

“A lot of what's taking place will have long-term harmful effects, especially when we're talking about drilling permits, leases, pipelines — these things aren't just going to go away,” said Mitch Jones, policy director at campaign group Food & Water Watch. “There's no clear, coherent, overarching message here, unless you want to say they're still promoting the use of fossil fuels, because that's what they're doing.”

An administration official pointed to moves such as Biden's swift action to rejoin the Paris climate accord and other executive actions as examples of leadership the president has taken while tackling global warming. The president recognizes the need to build a new, clean energy economy while keeping costs low for American families in the short-term, the official said.

U.S. presidents from both parties have long viewed high energy prices — particularly for gasoline — as a threat, and with good reason. Besides the grocery store, the gas pump can be the most visible inflation indicator for consumers, and a sharp price spike can leave people searching for someone to blame beyond a faceless oil company.

“It’s the most transparent price in America,” said Daniel Simmons, who was an Energy Department official under Trump. “People see it every day, it is a reflection of the economy as a whole and it really scares people to see prices this high.”

The Biden administration has said its push for more oil isn’t inconsistent with its efforts to cut greenhouse gas emissions in half by the decade’s end. “You can’t just shut down everybody’s economy across the planet and say, ‘Okay, we’re not going to use’” fossil fuels, John Kerry, U.S. special presidential envoy for climate, said earlier this month when asked about the administration’s request for OPEC to unleash more oil.

The president still wants the Senate to pass his Build Back Better package of social and climate spending programs, and a consumer revolt over inflation would only make that harder.

“I don’t see a conflict between having long-term policies on climate change and having a short-term policy that would protect the economic well-being of Americans in need,” said Amy Myers Jaffe, managing director of the Climate Policy Lab at Tufts University. That’s particularly true, she said, at a time when the lingering Covid-19 pandemic has made many people fearful of using public transit or planes, pushing them back into their cars.

The U.S. and other major oil-consuming nations have grown increasingly anxious during the past year about resurgent prices. That led to the White House’s outreach to OPEC, and discussions between the U.S. and other countries. Biden’s team has mulled various options in recent weeks for lowering gasoline prices. Aside from releasing inventories, other measures debated in the White House include the halting of oil exports and limiting the use of biofuels.

Energy prices are a problem for Biden in a way that they weren’t for his predecessor. Like Biden, Trump complained about the price of gasoline and called on OPEC to do something about it. But he also pulled the U.S. out of the Paris climate agreement, opened more public lands to oil and gas drilling and championed the concept of American “energy dominance” based on fossil fuels.

Biden, in stark contrast, campaigned on his commitment to address climate change. He wants to reduce the nation's greenhouse gas emissions by at least 50% by the end of the decade and achieve net zero emissions by 2050, a goal that can’t be reached without slashing fossil fuel use. The infrastructure bill he signed into law this month devotes billions of dollars to ramping up renewable power and electric cars. Those investments should lessen U.S. demand for oil and gas, but not for many years.

In the meantime, Biden has failed to implement other key changes he sought. He signed an executive order during his first week in office pausing new oil and gas lease sales on federal lands, only to see a federal judge order a resumption. The first, for leases in the Gulf of Mexico, went forward last week, with environmentalists branding it a betrayal that came on the heels of the COP 26 climate summit.

To some, Biden’s moves on energy and climate seem haphazard. Charif Souki, chairman of Tellurian Inc., which is trying to develop a natural gas export project, said he doesn't know what Biden's energy policy is right now.
[url] https://www.worldoil.com/news/2021/11/25/biden-wants-the-world-to-go-green-while-pushing-for-cheap-gasoline-at-home [/url]

Politics › Google’s Pichai,twitter’s Agrawal:why Indian-born Leaders Dominate American Tech by naijapower(op): 12:45pm On Dec 05, 2021

Lesson for Nigerians and the importance of developing quality value.

When Satya Nadella took over as CEO of Microsoft in February 2014, he inherited a toxic culture in a company considered a tech dinosaur. Bill Gates, its founder, had been known for berating employees, and Steve Ballmer, who succeeded Gates, continued the hardball business tactics that partners loathed. Microsoft had lost the battle for smartphones, and the technology platform its technologies were built for, the desktop, was giving way to the cloud.

As I explained in my book From Incremental to Exponential, Nadella chose to focus first on changing Microsoft’s culture. Indian by birth, and with Buddhist beliefs, he was determined to transform the company into one that embraced what he called “learn-it-all” curiosity, in contrast to its then “know-it-all” worldview. And he made clear that the old, aggressive behaviors were no longer welcome. Refusing to tolerate anger or yelling in executive meetings, never raising his own voice or showing overt anger toward employees or executives, never writing angry emails, he constantly worked to create a more comfortable environment.

As a result of the cultural shift and the strategy changes it enabled, Microsoft’s market capitalization increased from roughly $300 billion at Nadella’s ascension to $2.5 trillion today, making it one of the two most valuable companies in the world.

Sundar Pichai, too, inherited a company with cultural problems. Google was known for having a permissive workplace culture, where sexual relationships between top executives and employees generated internal tensions. In his gentle, humble Indian manner, Pichai navigated the company into calmer waters. He attained extraordinary success—as did Indian tech CEOs such as Shantanu Narayen of Adobe and Jayshree Ullal of Arista Networks. Beyond the tech sector, other Indian-born CEOs too have left their mark, including Indra Nooyi at PepsiCo and Ajay Banga at Mastercard.

But how do Indians come to be even considered for such senior positions? What accounts for their success as tech-company founders?

I came to the U.S. in 1980 and observed the evolution of the Valley's leadership firsthand while founding two technology companies and taking one of them public. Later, at Duke University, I researched what had given Indians like me such an advantage.

According to research by University of California at Berkeley professor AnnaLee Saxenian, as of 1999 immigrants accounted for one-third of the scientific and engineering workforce in Silicon Valley, and Indian CEOs were running 7% of its high-technology firms. In 2006, my research team collaborated with Saxenian to update her work and found that the percentage of immigrant-founded startups had increased to 52.4%, with Indian-born executives having founded 15.5% of Silicon Valley tech firms—though they constituted only 6% of the Valley’s working population.

We found that 96% of the immigrant entrepreneurs involved in engineering and technology had completed a bachelor's degree, and 74% held master's or Ph.D. degrees. Within that group, Indian founders had been educated in a diverse set of universities; the famed Indian Institutes of Technology, for example, accounted for only 15% of the company founders.

Culture, as much as education, is key
There is no doubt that education gave the Indians an advantage. But this does not explain why the boards of companies such as Microsoft, Google, IBM, and Twitter would choose foreign-born technologists over equally qualified Americans. The answer may lie in cultural values, upbringing, and struggles.

In a land of more than a billion people, most of whom are hampered by rampant corruption, weak infrastructure, and limited opportunities, it takes a lot to simply survive, let alone to get ahead. Indians learn to be resilient, battle endless obstacles, and make the most of what they have. In India, you learn to work around the problems that an unjust state and society create for you. Entrepreneurship, along with the creativity and resourcefulness required to deal with all the obstacles, is part of life.

In the absence of a social safety net, family values and support are everything, and the family takes on a very important role, family members providing all kinds of aid and guidance to those in need.

Indians have many ethnic, racial, gender, and caste biases—as do people all over the world. Yet in order to succeed, they learn to overlook or adapt these biases when necessary. There are six major religions in India, and the Indian constitution recognizes 22 regional languages. Every region in the country has its own customs and character, and people accept differences in attitudes and beliefs, especially in the context of business.

Then there is the humility that comes from moving to new lands. Talk to almost any immigrant, regardless of origin, and he or she will share stories about leaving social status behind in their home country and working their way up from the bottom of the ladder in the adopted land. It's a humbling process; you learn many valuable lessons when starting from scratch and working your way to success.

These are all traits that any board would recognize—and value—especially when the alternatives are arrogant company founders who believe they are entitled to their jobs. And it’s these traits that enable a CEO to transform company culture. This is what I believe has given the Indian CEOs the advantage.

This may be why Twitter’s board unanimously approved the recommendation of Jack Dorsey to appoint Indian-born Parag Agrawal as his replacement. And it is such a cultural transformation that Twitter may need above all else.

Twitter has received a barrage of justified criticism over a toxic work culture and insensitivity to abuses on its platform. Plus, Jack Dorsey was a part-time CEO, also running payments company Square and championing blockchains and cryptocurrencies. Dorsey’s predecessor, Dick Costolo, is someone I personally tangled with when I noted that there was a problem with the company’s chauvinistic culture and all-male board. As many tech CEOs do, his response was to publicly attack me, rather than listen to criticism.

It’s a response that none of the Indian CEOs that I know would make—and that is why they are being chosen to run America’s leading technology companies.

[url] https://finance.yahoo.com/news/microsoft-nadella-google-pichai-now-180100561.html [/url]

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Business › How GTB Can Use Innoson To Raise The Money To Pay Innoson The N33b Debt by naijapower(op): 4:48pm On Dec 03, 2021

For the Record , I am a Strong fan of Innoson, I do not have any account with GTB, nor work for GTB.

Benefit of the Payment Option.
1: Increase GTB customers
2: Cost GTB Zero Naira
3: GTB will make profit
4:GTB will pay off the whole debt.

The Payment Option
1: GTB should issue Innoson an eShopping Voucher with N33b spending limit.
2: GTB should create an eShopping Mall.
3: GTB Should invite the general public to open a store for a fee of N5000 and a GTB account.
4: GTB should limit the spend amount of the Innoson eShopping Voucher to N50,000 per store. that is Innoson will have to spend the money at many stores on the eShopping mall.

Note: If GTB marketers do their home work, GTB will make lots of money.

Business › Re: It Is Very Important You Get Your Bank Statement Monthly . by naijapower(op): 5:06pm On Dec 02, 2021

Baawaa:
Not necessary

It is necessary because, it enable one to have a clear picture of all transaction for the given period.

Business › CBN Wants Financial Institutions To Develop Products Based On Enaira by naijapower(op): 4:39pm On Dec 02, 2021*

The Central Bank of Nigeria has said it wants players in the country’s payment industry to develop and help introduce products based on its central bank digital currency, the e-naira.

Central Bank Open to Suggestions
In its bid to deepen the adoption of the e-naira, the Central Bank of Nigeria (CBN) has asked payment service providers, financial institutions, and fintech firms to develop and introduce products that are based on its digital currency.

According to a report by the Vanguard, this plea was made by Rakiya Mohammed — the CBN’s director of the information technology department — when she addressed financial institutions and fintech companies that attended the central bank’s one-day engagement session.

During this meeting, Mohammed is reported to have also reassured participants that the central bank is not competing against financial institutions or other players in the payment system. Instead, Mohammed said the CBN is open to suggestions or ideas that add value to the e-naira or those that improve the user experience.

Further, Mohammed is also reported to have urged the country’s payment service providers to find more innovative ways to support members of the public with the onboarding process. She also encouraged service providers to develop solutions that support offline e-naira functions and these include cards, wearables, USSD, among others.

CBN’s Financial Inclusion Objective
Meanwhile, reports that the CBN is encouraging players in Nigeria’s payment industry to support the CBDC come as the bank’s anti-cryptocurrency governor, Godwin Emefiele, is quoted by another publication claiming that more people are downloading the e-naira wallet application. He said almost 600,000 of the digital currency’s wallet apps have been downloaded since the CBDC’s launch over a month ago.

However, Emefiele — just like the bank’s information technology director — suggested that support from the financial industry will be critical if the CBN is to achieve its goal of hastening the adoption of the e-naira by Nigerians who lack smartphones

https://news.bitcoin.com/nigerian-central-bank-wants-financial-institutions-to-develop-products-based-on-its-cbdc/

Foreign Affairs › Leaked Doc Reveals Which Messengers Send The Most Data To FBI by naijapower(op): 3:19am On Dec 02, 2021

An internal FBI report reveals how WhatsApp and iMessage happily hand over users' data to the Feds, sometimes providing the source and destination of messages every 15 minutes.
The sensitive Federal Bureau of Investigation paper, unearthed by the transparency group Property of the People, spells out in concise yet shocking detail the Bureau’s ability to secure messaging app content and associated metadata via warrants and subpoenas – and shows that WhatsApp and Apple’s iMessage turn over the most information to authorities.

Dated January 7, 2021, and prepared by the FBI’s Science and Technology Branch and Operational Technology Division, it lists a number of popular messaging apps, the methods by which information can be extracted from them, and what data can be secured by investigators.

The file notes that a subpoena submitted to WhatsApp owner Meta delivers “basic” user records, a court order gives “information like blocked users,” and a search warrant provides “address book contacts and WhatsApp users” whohave the “target” saved as a contact. A surveillance request known as a “pen register” will result in WhatsApp providing the FBI with the source and destination of a user’s messages every 15 minutes.

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The actual content apparently won’t be disclosed – although even without access to messages themselves, knowing who has been texting who, and when, is still highly revealing, and could be crucial in identifying the source of leaked information within an organization, for example.

In any event, WhatsApp messages can be accessed by the Bureau if that user is using an iPhone and has enabled iCloud backups. This is facilitated by Apple maintaining a policy of turning over iCloud encryption keys in response to FBI warrants, which also grant the agency access to iMessages. Data requests filed under 18 US Code § 2703 turn up “25 days of iMessage lookups to and from a target number.”

Nonetheless, WhatsApp is the only messaging platform listed that offers close-to real-time disclosure of data – the guide, presumably with some chagrin, records how the slow pace with which other apps provide information “may impact investigations due to delivery delays.”

Comparatively, the amount of data that can be accessed from other messaging apps is trifling. For instance, investigators can access certain information on users of Signal – much-vaunted by privacy advocates despite being developed with US government funding – including the date and time a user registered, and the last time they were active on the app. Telegram’s strict policy of not cooperating with court orders, apart from “confirmed terrorist investigations,” in which the app may disclose IP addresses and phone numbers to relevant authorities, is also noted.

It's a rare insight into the systematic manner in which US authorities can access private information, and can only cast significant doubt on the publicly avowed positions of Apple and Facebook/Meta in respect of user privacy. It was only in September that the former’s CEO boldly declared that his company “[believes] privacy is a basic human right” and “one of the most consequential issues of our time,” boasting of how its app store had recently implemented a privacy “nutrition label” system, outlining to users what information apps collect on them and why.

“We’re all about giving the user transparency and control… It sounds simple, but it’s a profound change. We’re working for the user. It’s not about a marketing slogan or a way to sell things. It’s a core value of ours,” he claimed.

That such noises were absolutely just a “marketing slogan” was heavily implied in January 2020, when it was reported Apple had jettisoned plans to allow iPhone users to fully encrypt backups of their devices on iCloud two years prior, due to direct FBI pressure. Similarly, Meta chief Mark Zuckerberg’s lengthy March 2019 op-ed for the New York Times outlining his “privacy-focused vision for social networking” was somewhat hard to swallow given that nine years earlier, he’d proclaimed privacy was no longer a “social norm”.

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Still, the Facebook founder spoke with apparent passion and approval of “the future of communication… increasingly [shifting] to private, encrypted services where people can be confident what they say to each other stays secure and their messages and content won’t stick around forever,” a future “I hope we will help bring about.” He specifically cited “the way we’ve developed WhatsApp” – which he acquired in 2014, and is now the world’s most popular messaging platform – as instructive for how all the company’s social media assets would be made “as secure as possible.”

Even if that stated vision was at all sincere at the time, in the wake of dubious ‘whistleblower’ Frances Haugen going public about her alleged concerns over the threat posed to US national security by Meta in its present form, and widely repeated demands that Western governments be granted greater powers of surveillance, censorship, and control of social media and the internet more widely, it may simply no longer be feasible.

Facebook arguably already acts as an effective arm of US state power, or is at least subordinate to it – in 2020, it complied with 89% of Washington’s requests for user data. Its Threat Intelligence division, from which Haugen hails, is a veritable den of spies, counting numerous former CIA and NSA operatives among its staff. Coincidentally, several of these individuals have contributed to the ongoing wall of negativity surrounding end-to-end encryption.

The newly released FBI file raises all manner of questions about the true rationale behind this long-running anti-encryption push. After all, with such an array of sensitive information so easily discoverable via standard legal procedures, why would greater access be required?

[url] https://www.rt.com/op-ed/541894-leaked-document-big-tech-privacy/ [/url]

1 Like

Crime › Cryptocurrency Miners Using Hacked Cloud Accounts, Google Warns by naijapower(op): 12:46pm On Nov 30, 2021

Cyberhackers are using compromised cloud accounts to mine cryptocurrency, Google has warned.

Details of the mining hack are contained in a report by Google’s cybersecurity action team, which spots hacking threats against its cloud service – a collection of remote computing services which can include storage of customers’ data and files off-site – and gives advice on how to tackle them.

Other threats identified by the team in its first “threat horizon” report include: Russian state hackers attempting to gain users’ passwords by warning they have been targeted by government-backed attackers; North Korean hackers posing as Samsung job recruiters; and the use of heavy encryption in ransomware attacks.

“Mining” is the name for the process by which blockchains such as those that underpin cryptocurrencies are regulated and verified, and requires a significant amount of computing power. Google reported that of 50 recent hacks of its cloud computing service, more than 80% were used to perform cryptocurrency mining.

The report said that “86% of the compromised Google Cloud instances were used to perform cryptocurrency mining, a cloud resource-intensive for-profit activity”, adding that in the majority of cases the cryptocurrency mining software was downloaded within 22 seconds of the account being compromised. Google said that in three-quarters of the cloud hacks the attackershad taken advantage of poor customer security or vulnerable third-party software.

Google’s recommendations to its cloud customers to improve their security include two-factor authentication – an extra layer of security on top of a generic user name and password – and signing up to the company’s work safer security programme.

Elsewhere in the report, Google said the Russian government-backed hacking group APT28, also known as Fancy Bear, targeted 12,000 Gmail accounts in a mass attempt at phishing, where users are tricked into handing over their login details. The attackers attempted to lure account holders into handing over their details via an email that said: “We believe that government-backed attackers may be trying to trick you to get your account password.” Google said it had blocked all the phishing emails in the attack – which focused on the UK, the US and India – and no users’ details had been compromised.

Another hacking ruse flagged by Google in the report involved a North Korea-backed hacker group posing as recruiters at Samsung and sending fake job opportunities to employees at South Korean information security companies. Victims were then steered towards a malicious link to malware stored in Google Drive, which has now been blocked.

Google said dealing with ransomware attacks, where the files and data on a user’s computer are encrypted by the attacker until a payment is made for their release, was difficult because heavy encryption “makes recovery of files nearly impossible without paying for the decryption tool”. The report flags the emergence of Black Matter, which it describes as a “formidable ransomware family”.

However, at the beginning of the month Black Matter said it was shutting down due to “pressure from the authorities”. Black Matter victims include the Japanese technology group Olympus.

The Google report said: “Google has received reports that the Black Matter ransomware group has announced it will shut down operations given outside pressure. Until this is confirmed, Black Matter still poses a risk.”

[url] https://www.theguardian.com/technology/2021/nov/25/cryptocurrency-miner-hacked-google-cloud-account-cybersecurity-action-team-threat-horizon-report [/url]

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Business › It Is Very Important You Get Your Bank Statement Monthly . by naijapower(op): 4:23pm On Nov 28, 2021

As a bank account holder, there is the need to get your bank statement print out on monthly basis to enable you verify all transactions carried out by you for the previous month. As it will help you.

I became conscious of the need to have have my bank statement printout, when i did a transaction recently, the first transaction failed, so i had to repeat the process, which was successful. later i got a debit alert ,on checking i discover i had been debited twice for same transaction. after waiting two day, the amount was not reverse, so i approach the bank to make a complain,and waited for days before the money was returned.
After that incident ,i became conscious of every transactions and i discover that, in most of my transaction, i have been debited for nearly every failed transaction.
I came to the conclusion that most bank customers will also be suffering same thing without knowing.

It you will cost little to ask for bank statement printout for a past month to enable one verify all past transaction and address all wrong deduction.

TV/Movies › Tom And Jerry's Real Names by naijapower(op): 1:34am On Nov 24, 2021

For the past 81 years, people have enjoyed the mischievous antics of the beloved cat and mouse we all know as Tom and Jerry. But it has recently come to light that there's much more to their seemingly simple names than we thought. The devious duo are, in fact, none other than Thomas Jasper 'Tom' Cat, Sr and Gerald Jinx 'Jerry' Mouse.

Gerald Jinx "Jerry" Mouse[1] is a fictional character and one of the two titular main protagonists (the other being Tom Cat) in Metro-Goldwyn-Mayer's series of Tom and Jerry theatrical animated short films. Created by William Hanna and Joseph Barbera, Jerry is a brown mute anthropomorphic house mouse, who first appeared as a mouse named Jinx in the 1940 MGM animated short Puss Gets the Boot.[2] Hanna gave the mouse's original name as "Jinx",[3] while Barbera claimed the mouse went unnamed in his first appearance
[url] https://en.wikipedia.org/wiki/Jerry_Mouse [/url]

Thomas Jasper "Tom" Cat, Sr.[1] is a fictional character and one of the two titular main protagonists (the other being Jerry Mouse) in Metro-Goldwyn-Mayer's series of Tom and Jerry theatrical animated short films. Created by William Hanna and Joseph Barbera, he is a grey and white anthropomorphic domestic short haired mute tuxedo cat who first appeared in the 1940 MGM animated short Puss Gets the Boot.[2] The cat was known as "Jasper" during his debut in the short;[3] however, beginning with his next appearance in The Midnight Snack he was known as "Tom" or "Thomas".
[url] https://en.wikipedia.org/wiki/Tom_Cat [/url]

If you can't find job, employ yourself like Gerald Jinx "Jerry" AKA "the Mouse".
Here is an opportunity to be employed without paying any money to anybody.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill the data into this form [url] https:///we8vEPmNb6RTHwqX8 [/url]
5: Buyers will be refer to them.
6: Once the seller you referred made any sales to the buyers sent to them, you get 1% commission.

Politics › Re: FG Will Replace Fuel Subsidy With ₦5,000 Transport Grant For 40m Nigerians by naijapower: 1:36pm On Nov 23, 2021

Its a shame that Nigeria government is talking about subsidy removal, whereas the united state, Europe , China are subsiding relevant sector of their economy.
Subsidy is not the cause of Nigeria financial challenges, but government approach to economy growth.

If you can't find job, employ yourself.
Here is an opportunity to be employed without paying any money to anybody.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill the data into this form [url] https:///we8vEPmNb6RTHwqX8 [/url]
5: Buyers will be refer to them.
6: Once the seller you referred made any sales to the buyers sent to them, you get 1% commission.

2 Likes

Politics › Re: Gunmen Burn Arondizuogu Police Station In Imo, Kill Police Officer by naijapower: 1:02pm On Nov 23, 2021

Police station is the symbol of law, which attract investment. Police and policemen and women lives matter.

2 Likes

Politics › Re: Kanu: What Those Familiar With Buhar Told Us After Igbo Elders’ Meeting – Ezeife by naijapower: 12:56pm On Nov 23, 2021

Talking is a very important key to peace.

If you can't find job, employ yourself.
Here is an opportunity to be employed without paying any money to anybody.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill the data into this form [url] https:///we8vEPmNb6RTHwqX8 [/url]
5: Buyers will be refer to them.
6: Once the seller you referred made any sales to the buyers sent to them, you get 1% commission.

Politics › Re: EndSARS Report: "You Celebrated Prematurely" - Lai Mohammed Mocks CNN by naijapower: 12:47pm On Nov 23, 2021

Lia Mohammed to the World.
If you can't find job, employ yourself.
Here is an opportunity to be employed without paying any money to anybody.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill the data into this form [url] https:///we8vEPmNb6RTHwqX8 [/url]
5: Buyers will be refer to them.
6: Once the seller you referred made any sales to the buyers sent to them, you get 1% commission.

Car Talk › Re: Huge Block Of Ice Smashes Through Windshield In Northern China ( Video) by naijapower: 12:43pm On Nov 23, 2021

God save him, Let him go an appreciate God.
Thank God for Mercy.

If you can't find job, employ yourself.
Here is an opportunity to be employed without paying any money to anybody.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill the data into this form [url] https:///we8vEPmNb6RTHwqX8 [/url]
5: Buyers will be refer to them.
6: Once the seller you referred made any sales to the buyers sent to them, you get 1% commission.

2 Likes

Politics › Re: Lagos #EndSARS Report Is Fake, Tales By Moonlight -Lai Mohammed by naijapower: 12:38pm On Nov 23, 2021

Even if the report was fake, as long as Lie Mohamed said the report is fake. People will see the report as genuine. Lot of people believe lie can never speak the truth.

If you can't find job, employ yourself.
Here is an opportunity to be employed without paying any money to anybody.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill the data into this form [url] https:///we8vEPmNb6RTHwqX8 [/url]
5: Buyers will be refer to them.
6: Once the seller you referred made any sales to the buyers sent to them, you get 1% commission.

Business › Re: Innoson And GTB Out Of Court Settlement Suggestion by naijapower(op): 4:52pm On Nov 19, 2021*

1: The Minister of Trade should invite both parties to sit together and come out with a solution that will profit both parties.

According to Innoson chairman, GTB is owning N32 billion cumulatively to Innoson.
That is a huge money. But GTB is equal to the task.
Can there be a Out of Court Settlement, that will benefit both Innoson and GTB? Yes.
GTB can settle with Innoson without paying a kobo, while Innoson can make billions from the settlement without collecting a kobo from GTB.
I want Innoson and GTB to resolve their issue peacefully.[i][/i]
There are lots of solutions that will profit both Innoson and GTB in their Settlement.
Note: Innoson need publicity and funds to grow. while GTB need more customers loyalty services.
2: At low cost GTB can create publicity among its customers for Innoson product and earn commission per sales while boosting Innoson sales.

Business › Innoson And GTB Out Of Court Settlement Suggestion by naijapower(op): 4:47pm On Nov 19, 2021

Both GTB and Innoson are employers of labour.
Both pay all relevant tax.
The relationship that started between the two organisation, started based on trust, but along the line trust gave way to distrust.

How can we, as Nigerians contribute to settle the the court case for the good of both organisations and Nigerians.

I read judgement has been given, We are aware that there is a process called Out of Court Settlement.
Peace between Innoson and GTB will only benefit Nigerians.

Lets hear your suggestion for peaceful resolution between Innoson and GTB.

A peaceful resolution will favour the Nigeria Job market and economy.

Phones › 10 Best Ways On How To Make Money From Your Phone by naijapower(op): 11:32am On Nov 16, 2021*

Culled from [url]https://www.afterschoolafrica.com/49109/how-to-make-money-from-your-phone/ [/url]

You can keep your normal job and use these online jobs as a way of earning extra cash in your pocket to pay your bills.
...
10 best ways on how to make money from your phone
Answering survey questions.
As a Freelancer.
Field agent.
Online customer service.
Virtual assistant.
Digital marketing.
Playing games.
Watching videos etc.

Operation No More Unemployed
If you can't find job, employ yourself.
We offer everyone an opportunity to be self employ at no cost. That is you are not Paying us.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill this form [url] https:///we8vEPmNb6RTHwqX8 [/url]
5: We refer buyers to businesses on commission.
6: They sell, you get 1% commission

Phones › Sell Your Phone For Cash: Tips To Maximize Your Profit.cnet by naijapower(op): 11:17am On Nov 16, 2021

Aug. 17, 2020 2:00 a.m. PT Sarah Tew/CNET

When it's time to sell or trade in your old phone, you don't want to leave money on the table. These tips could help you get more cash from your carrier or other seller when you're ready to make a deal.

So you want to sell your old Android phone or iPhone now or perhaps in the future? Maybe you're eyeing a new device, like the iPhone SE, Galaxy Note 20, Note 20 Ultra or OnePlus 8 and want to recoup some of the costs. Or perhaps you have older phones lying around that you don't really use and haven't repurposed. Or you could be simplifying by moving from a pricier model, like the Galaxy S20 Plus or iPhone 11, to a cheaper phone and you just want a little more cash in your pocket.

Whatever the reason, it's important to know how to get the most money for your device and what your options for selling or trading in your phone to a carrier or using a peer-to-peer marketplace like Craigslist or Facebook Marketplace. While you can't control the rate of phone depreciation, selling a device in good condition could mean a difference of hundreds of dollars. The key is to think about these things now, not days before you're ready to move on. Here's what you need to look out for.

Whatever you do, don't skip the case
Yes, it's ugly. Yes, you need one: You probably already use a case to keep your phone's delicate glass screen and back from breaking. We know, we know, it ruins the appeal of a particularly slick gradient color or design, but if you want to keep your phone free of dents and cracks for when you sell it, a case is the way to go.

Smart tip: Buy the case before you start using your phone. Phones can and do drop and shatter within minutes of coming out of the box.

What to look for: Complete coverage all around the edges and some sort of rise -- even a small one -- between the screen and the lip of the case.

Buy a screen protector. Now.
Why you need it: Screen protectors are sacrificial screens that you layer on top of the phone's original display. Buy a glass one, not plastic. There are oodles of them in your carrier store and online. A good one can cost you, but a $30 screen protector is worth it in the long run if it helps you nab hundreds of dollars more for your phone when it comes time to sell it or trade it in.

Keep a spare: Screen protectors can break when you drop the phone -- that's what they're for. It's not a bad idea to keep a spare on hand in case yours breaks, so you won't have a gap in protection if you do need to switch it out. If you don't need it and you sell your phone on the open market, you can bundle in the screen protector as part of the price.

Keep the box and all the parts
Yes, really: Carriers will prefer to have your original charger, but may not care about the box when you trade in a phone. But if you sell the phone through Craigslist or Swappa, for example, your buyer might care. Reboxing the phone in its original condition -- or as close as you can get to it -- will make your device more appealing, which translates into more bucks.

What about the case? You can sell that, too.

Read more: The best ways to sell or trade in your old iPhone for 2020

How much can you get when you sell an old phone?
The amount of cash or credit you can get for a phone varies widely by the model, age and condition. Trade-ins usually top out at around $300 or $400 for a top-of-the-line device, but a brand-new iPhone 11 (in preparation for the upcoming iPhone 12, perhaps?) could go for considerably more. That's between you and your buyer.

Thoroughly clean your phone before you sell it
Cleanliness means money: This one's important, whether you sell your phone to a stranger, through a third-party reseller like Decluttr or back to the carrier or manufacturer. You'll get more for a phone that looks and works like new than you will for a crusty handset that's merely limping along.

Since you won't get paid until the buyer inspects your device, you may not wind up with your asking price if the used phone doesn't match up to expectations. Cleaning your phone the right way before sending it in is well worth the effort.

What about the parts? Wipe down the box and case with a lightly damp cloth or paper towel, too. Nobody's buying your grime.

Repairing a cracked screen could be worth it
Work the math: You might wind up with more in your pocket if you repair a broken phone (e.g., through U Break I Fix or Apple stores) before trying to sell it to a third-party reseller or trading it in.

Why even bother? Broken phones still retain some value because they can be refurbished or stripped for parts in order to recycle or repair other phones for resale.

How to tell: Go on a third-party reseller site or your carrier's trade-in site to see how much they estimate the value to be for your screen-cracked or water-damaged phone compared to the value of a phone with no damage. Then compare that to the cost of a repair. If there's enough of a difference (especially if your phone is fairly new or in high demand), it might be worth the hassle.

6 things that fetch the most cash
You get more money if the phone is:

In good condition
"New," about one to two years old
A premium device (rather than budget)
Popular: iPhones and Samsung phones are in high demand
In a popular color (black or silver might net more than gold)
Sold directly to a buyer, like through Craigslist
You won't be able to trade in phones that are still being financed through your carrier.

Factory reset to protect your privacy
In all cases, you'll need to back up your phone and return it to factory settings before handing it off. This will help protect your identity and make sure you keep all the photos and other data you need to switch over to a new device.

Decide: Cash, credit or trade-in
Before you start researching which vendor gives you the best deal, you can narrow down your options. Can you wait for a gift card or payment to arrive in a few weeks or do you need cash now? Best Buy and Apple will give you gift cards to use at their retail stores. Carriers will deduct the trade-in value from your next phone. Trading in the phone with your current carrier or with the vendor won't work if you're switching to an unlocked device like the OnePlus 8.

If it's cash on the spot you need, your options are limited to direct sales, to GameStop or to EcoATM, which has physical kiosks at malls across America.

It used to be that EcoATM would give you at least a buck for your trouble. That doesn't appear to be the case anymore, though it still accepts popular phones, albeit for significantly less than many online offers.

For security and antifraud reasons, EcoATM does require a driver's license and a thumbprint scan before spitting out cash. And since you do have to drive to a mall, I recommend doing this only after you research other options online. Then you'll be able to decide on the spot if EcoATM gives you more or less than another retailer. If you opt for an online vendor, you'll have to wait a few weeks to get paid. After you box up the goods and ship them, employees will match the device to its actual condition, to keep any fibbers honest. Only then will they make good on their offer.

Shop around. Really.
You'll almost always get more money selling a phone directly to a buyer through Craigslist or eBay, but it takes more time and there's higher risk of buyers changing their mind. It also helps if you have the original packaging and all included cables and cords.

Good news: It takes less time than you think to hit up a few websites for trade-ins and credits. You'll get less for a handset with water damage, and more if it's a flawless phone right out of the box (this is one reason why screen protectors and cases are so important).

Prices change depending on the phone, carrier and condition. Not every service takes every phone.

Never throw old phones away: Recycle or donate your old phone
Don't want to go through the hassle of selling? Get rid of your old phones by all means, but never in the trash can -- you don't want to be responsible for toxic chemicals leaching into the land. Most resellers will take old electronics off your hands, archaic chargers and all.

There are many ways to pass on unwanted cell phones after they've served their purpose, but here are a few resources to get you started.

Online sales and trade-ins
BuybackBoss

Decluttr
GadgetGone
Facebook Marketplace
USell

To Sell Your Phone fast.

We will appreciate you visit the link

What we do is to refer our consumers to sellers who pay us a referral commission for every sales made through us.

[url]https:///nkA4NnuPmcFesjM68 [/url]

1 Like

Health › Second-ever Person Overcomes HIV Without Meds.rt by naijapower(op): 10:44am On Nov 16, 2021

An Argentinian woman has become the second-ever HIV-infected person whose immune system helped defeat the virus without requiring additional medical treatment. She was first diagnosed with the AIDS-causing infection in 2013.
Scientists have dubbed the 30-year-old mother the “Esperanza patient,” after her hometown. The word ‘esperanza’ translates to ‘hope’ in English. Publishing their findings in the Annals of Internal Medicine journal on Monday, the researchers said the discovery boosts hope for a “sterilizing cure” for the estimated 38 million people with the life-long infection.

“I enjoy being healthy,” the Esperanza patient told NBC News over email. “I have a healthy family. I don’t have to medicate, and I live as though nothing has happened. This already is a privilege.”

The study found no intact remnants of the virus in the 1.5 billion blood and tissue cells the researchers analyzed – confirming the discovery first announced in March at an international meeting of HIV experts.

No additional information about the woman has been made public, but she was described at the time as “athletic and beautiful” and revealed to have an HIV-negative boyfriend and newborn baby.

Only one other person, identified in August 2020 as 67-year-old Loreen Willenberg from San Francisco, has been confirmed to have overcome the virus without medical intervention. The two women have been labeled ‘elite controllers’, referring to a rare subset of HIV patients who show no signs of the infection despite not undergoing antiretroviral treatments.

Typically, an HIV-infected person requires constant drug therapy to prevent the virus from attaching to their immune cells’ DNA and replicating. But, in the eight years since she was diagnosed, the Esperanza patient only received medication for six months during pregnancy to ensure her baby would be healthy.

In all, there have been four patients cured of HIV, two of whom – the ‘Berlin patient’ Timothy Ray Brown and the ‘London patient’ Adam Castillejo – were also cancer patients who received risky bone marrow transplants from donors with HIV-resistant genes. However, the success of their procedures is yet to be replicated.

“This is really the miracle of the human immune system that did it,” Dr. Xu Yu, an immunologist at the Ragon Institute in Boston, who co-authored the study, told NBC.

[url] https://www.rt.com/news/540389-second-person-overcomes-hiv-naturally/ [/url]

Jobs/Vacancies › Re: My Entire Salary of 29k Wiped off from Account By Online Loan Company by naijapower: 5:22pm On Nov 15, 2021

Go to your bank and seek help.

Audacious19:
Run away from quickcheck..
I repeat run away from quickcheck..
Those guys are pure scammers in a diplomatic manner..

I collected a loan of 22k with an intrest of 7k to be paid twice, 26th Aug and 26th Oct
On 26th august I made payments, which they said they never got, this money was sent back to my acct, at exactly 12am I checked the app, I was already added a late fee of 140 naira which i added and paid for 14650..
I got a mail with their acknowledgment, after a week i got a call from thier agent that am owing them 1000+ on late payment, I thought it was a joke i check the app it was already 1200, I sent a mail and they said it was because i made late payment..
All effort to ask them to stop the daily intrest and check my payment history even with my payments receipts were abortive..
They said they will not stop charging me daily for a late payment.
I got angry and paid off the loan with the balance of 14650 yet again, meaning i have paid the loan with the agreed intrest.

As am typing this they are adding 100% intrest daily for late payment on a loan i have settled...

I just ignored them..
I have already sent them countles of mails over this and will not send another
Since i have my prove of payment am seeking for clearity if i can message the CBN this guy's are frauds..

Op
Kindly note that quickcheck is owned by jumia pay

Politics › Re: Bitcoin And eNaira Partnership Will Boost FG Revenue And Value Of The Naira. by naijapower(op): 5:25pm On Nov 14, 2021*

Agree that bitcoin transaction is low as at now, it is normal for all currency, but despite that bitcoin is gaining ground.

ElixExo:
Which chart are you looking at? Bitcoin is going to rug, 100k is a wetdream. Unless 1T USD magically enters the market cap BTC is not going anywhere.

Also, Bitcoin does not allow integration of smart contracts, there is no way to create new tokens on the Bitcoin network.
CBN is most likely working with the Steller network for a variety of reasons.

Operating a FX just to swap Bitcoin would be a net negative, we're trying to get dollars not spend more so a handful of BTC traders can enrich themselves.

Politics › Re: Strategic Importation An Alternative Revenue Source To FG Borrowing by naijapower(op): 4:41pm On Nov 14, 2021

The word is Strategic Importation which is mostly government to government deal.

Nigeria export electricity constantly to other country whereas electricity supply is a challenge here in Nigeria.

EasternActivist:
Nigerian importers has been paying import duties and greasing the palms of corrupt customs from time immemorial.... What have the FG done with the revenue... Debts keep increasing due to corruption...

What are you now saying,

Corruption is what is depriving the federal government from meeting his obligation and not importers and the common nigerians that will bear the burnt as final consumers.

Politics › Strategic Importation An Alternative Revenue Source To FG Borrowing by naijapower(op): 10:37am On Nov 14, 2021*

Nigeria government at all level borrows lots of money and are still borrowing to fund government expenditures. The Interest on these loan is affecting government ability to meet certain obligation of benefits to Nigerians.

Meanwhile there are alternative revenue source available to government at national level to meets its obligation.

One of such revenue source is Importation based.

An Importation based revenue source is a revenue derive from importation services.

I tell people that Nigeria Population is a cash cow that if properly harness , Nigeria Economy will grow.

Nigeria Import lots of stuff daily and they cost billions on Dollar.

The Importation Strategy is the Exclusive Right to Import a Product into the Country for a given period of time.

The Importer Control the Sales of the Product in the Country, that means, the importer has the right to arrest anyone selling the product in the country.

There are lots of countries desiring to capture the Nigeria market for their products.

These countries can pay any amount for the Exclusive Right to sell their product in the Nigeria market. Nigeria population is over 200 million.

Japan earn most of their revenue from car and electronics sales and they are number 2 wealthy nation in the world.

There are lots of product that have very large market in Nigeria and we do not have local capacity to produce a unit of the product.

Assuming the fg decide to offer the Right to Sell Solar Panel Exclusively for a period of time to an Importer. The Importer could represent a nation's trade body.

The Importer/Seller will work with relevant agency to sell the solar panel that meet international standard to Nigerians.

If the FG target 100 million buyers of solar panel at $100 per buyer for 5 years period , the fg will earn $10 billion for the solar panel deal.

There are lots of Product like the Solar Panel, Fg can offer to Importers.

These product must not endanger Nigeria National security.

The word EXCLUSIVE offer sole right to the holder for a period of time.

Politics › Re: Bitcoin And eNaira Partnership Will Boost FG Revenue And Value Of The Naira. by naijapower(op): 10:06am On Nov 14, 2021

FarahAideed:
There is nothing like E Naira ..ask yourself what's E Naira ?

eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira. eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments. eNaira has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money.

There are several benefits from a central bank-issued digital currency in Nigeria, and this cuts across different sectors of, and concerns of the economy.
[url] https://enaira.gov.ng/ [/url]

Politics › Re: Bitcoin And eNaira Partnership Will Boost FG Revenue And Value Of The Naira. by naijapower(op): 9:49am On Nov 14, 2021

Every Nigerian must join to create legal jobs for the good of every one.
join our
Operation No More Unemployed
If you can't find job, employ yourself legally.
We offer everyone an opportunity to be self employ at no cost. That is you are not Paying us.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill this form [url] https:///we8vEPmNb6RTHwqX8 [/url]
5: We refer buyers to businesses on commission.
6: They sell, you get 1% commission

Politics › Bitcoin And eNaira Partnership Will Boost FG Revenue And Value Of The Naira. by naijapower(op): 9:41am On Nov 14, 2021

Executive Summary:
Fact: Bitcoin is gaining ground by the day, to become a major currency globally. Lots of Central banks and Parliaments are developing laws to regulate bitcoin in their country.

Some government are also tapping into Bitcoin mining as complimentary revenue source.

Bitcoin is ethical currency than feit currency as its production cannot be abuse unlike the feit currency.If you will remember the famed Idi Amin of Ugandan once asked his central bank governor to print Uganda currency then. With Bitcoin you just can't do that.
Nigeria is facing lots of challenges financially and all hands must be deck to help address the issue.

Bitcoin is a gold mine right now for anyone that can create relevant product or service around bitcoin.

The Creation of eNaira is a noble project that require every Nigerian support. Bitcoin usage in Nigeria will deepen the use of eNaira both locally and internationally.

When Nigerians and bitcoin users are allow to fund their bitcoin wallent with eNaira. More FX revenue will flow into the country and the Naira value will appreciate.

Bitcoin has zero risk as at today based on the strategy applied.Talk for another day.

CBN can participate directly in indirectly in creating a bitcoin wallet to reap revenue from bitcoin wallet. A Strategic wallet by CBN will draw more fx into the Nigeria economy.

Contributions are welcome to deepen discussion

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