What Is Cryptocurrency?

What Is Cryptocurrency?

A Cryptocurrency is an online version of money, a digital asset to be precise. The name is derived from the Cryptography, which is used to encrypt transactions and control the production of the currency. It is a strictly monitored process, as it uses the Blockchain Technology.

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Bitcoin: Surges To All-Time High Above $5,000

Bitcoin: Surges To All-Time High Above $5,000

Bitcoin has again hit a new record-high valuation, tipping $5,200 (£3,900) despite experts continuing to express scepticism about the cryptocurrency’s popularity. Last month the chairman and chief executive of JPMorgan Chase, Jamie Dimon, described Bitcoin as a “fraud” and told his company’s investors it was “worse than tulip bulbs”. However, Jeroen Blokland, an investor at Robeco, noted on Twitter than $1,000 invested in the digital cash back on 22 July 2010 would now be worth…

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Osinbajo Says Nigeria Economy Working Under President Buhari

Osinbajo Says Nigeria Economy Working Under President Buhari

Vice President Yemi Osinbajo on Monday said President Muhammadu Buhari is determined to ensure that the private sector and the Nigerian economy thrives under his administration. Osinbajo said the President was undertaking extensive ‘ease of doing business’ reforms, in addition to on-going investment in infrastructure. The Vice President made the remark at the Financial Times Africa Summit holding at the Claridge’s Mayfair Hotel in London and was contained in a statement signed by his Senior…

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A Population Of 200M Cannot Continue To Import Basic Needs Everyday – Dangote

A Population Of 200M Cannot Continue To Import Basic Needs Everyday – Dangote

Africa’s richest man, Aliko Dangote stated Monday at the ongoing Financial Times’ 4th annual Africa Summit at Claridges in London, that Nigeria could not afford to continue importation of basic needs on a sustainable basis given its large population and the cost of importation. Dangote noted that although” Freight rates are now cheap”, “they will go up soon”, adding, “A population of over 200M cannot continue to import basic needs on a daily basis”. He…

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Former President Obasanjo Joins Nollywood, Makes Acting Debut (PHOTOS)

Former President Obasanjo Joins Nollywood, Makes Acting Debut (PHOTOS)

Nollywood star Samuel Ajibola has revealed that he featured former President Olusegun Obasanjo in his widely anticipated episode of ‘Dele Issues’. This episode features is scheduled for release on the 14th of October 2017. Samuel Ajibola who is popularly known as Spiff in the sitcom ‘The Johnsons’ made the announcement on social networking site Instagram. On Chief Obasanjo’s role, he wrote: “Now I can confidently say that on the 14th of October on my YouTube…

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NNPC Reacts To Panic Buying Nationwide

NNPC Reacts To Panic Buying Nationwide

The Nigerian National Petroleum Corporation (NNPC) has advised motorists across the country not to engage in any panic buying of petroleum products. A statement by Group General Manager, Public Affairs Division, Ndu Ughamadu, has assured that the Corporation has in stock, Premium Motor Spirit (PMS) otherwise called petrol, sufficient to serve the nation for 48 days. “Similarly, there is in stock, sufficient quantity of Automotive Gas Oil (AGO), Dual Purpose Kerosene (DPK) as well as…

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Stock Markets Report: For First Week Of September

Stock Markets Report: For First Week Of September

After four-day trading week, as the Federal Government of Nigeria declared Friday,1st and Monday 4th of September, 2017 as Public Holidays in commemoration of the Eid -el- Kabir Sallah Celebrations. Meanwhile, a total turnover of 887.024 million shares worth N17.450 billion in 16,955 deals were traded during the week by investors on the floor of the Exchange in contrast to a total of 998.973 million shares valued at N11.455 billion that exchanged hands last week…

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Fayose Sacks Media Aid For Not Mobilizing Coverage For Governor On Salah Day

Fayose Sacks Media Aid For Not Mobilizing Coverage For Governor On Salah Day

Ekiti State Governor Ayodele Peter Fayose has sacked his Chief Press Secretary, Mr. Idowu Adelusi, according to a statement by his Special Assistant on Public Communications and New Media, Lere Olayinka. AccordiGovernorng to the statement, Adelusi was sacked over “dereliction of duty.” The statement, which was announced on the state-owned radio station, did not explain the specific offence committed by Adelusi. However, a source in the Governor’s Office said Adelusi was sacked because he failed…

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