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Chairman of Fidelity Bank Plc, Mustafa Chike-Obi has been honoured with the prestigious African Leadership Commendation for Corporate Governance at the African Leadership Persons of the Year Award Ceremony. The event, themed “Building Resilient African Economies,” kicked off March 14th ...

… Urges federal gov’t to direct withdrawal of advert The Academic Staff Union Of Universities (ASUU), University of Abuja branch, has rejected the advertisement for the institution’s Vice Chancellor position. It would be recalled that the current management of the ...

Leader of the opposition in the House of Representatives, Hon. Kingsley Chinda has justified 42 lawmakers’ move seeking a living wage for Nigerian workers. The Rivers State born lawmaker alongside 41 lawmakers across the 36 states of the federation and ...

The African Guarantee Fund (AGF) and United Bank for Africa (UBA) has signed a partnership that ensures that UBA provides $100 million in new loans to Small and Medium Enterprises (SME) and business owners across the 20 African countries where ...

The country’s petroleum products distribution and supply chain may face more challenging complexities going by current foreign exchange market intricacies. At a media forum yesterday Major Energy Marketers Association of Nigeria(MEMAN), complained that the perplexity of the forex market uncertainty ...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has decried that only 18 per cent of the workforce in country’s extractive industry are women. The which made case for higher level of female participation in the oil and gas sector, also ...

Following the success achieved on the first day of its two-day nationwide protest on Tuesday, the leadership of the Nigeria Labour Congress (NLC) has suspended further street protest. The decision was reached after the National Executive Council (NEC) of NLC ...

In the rapidly evolving landscape of cryptocurrency, several pivotaltrends are poised to shape the market’s trajectory in the upcomingyear. This analysis delves into the critical areas of growth andinnovation, including the surge in institutional investment, theexpansion of decentralized finance (DeFi) and yield farming, stridestowards regulatory clarity, the integration of sustainability and ESGprinciples, advancements in interoperability and cross-chainfunctionalities, the increasing significance of stablecoins andCBDCs, as well as enhancements in privacy and security protocols.Furthermore, the burgeoning realm of non-fungible tokens (NFTs)underscores a vibrant creator economy, signaling new avenues forartistic and digital asset monetization. Institutional Investment The influx of institutional capital is forecasted to continue, propelledby enhanced regulatory clarity and market maturation. This shiftinjects substantial liquidity into the cryptocurrency market andcements its legitimacy as a formidable asset class within diversifiedinvestment portfolios. Institutional investors are increasinglyrecognizing the potential for high returns in the crypto space,driving further interest and participation. Decentralised Finance (DeFi) and Yield Farming DeFi’s trajectory is upward, driven by the allure of passive incomegeneration through cryptocurrency. Innovations in DeFi platformsand yield farming strategies are expected to attract a broaderinvestor base, encompassing retail and institutional participants. AsDeFi continues to mature, we can anticipate the development ofmore sophisticated financial products and services, furtherexpanding the ecosystem’s utility and appeal. Regulatory Frameworks Anticipated advancements in global regulatory frameworks aim tofoster a more secure and transparent market environment. Thesedevelopments are critical for attracting institutional investment andsafeguarding investor interests against market misconduct. Clearand consistent regulations provide the necessary framework forsustainable growth and adoption, instilling confidence in bothinvestors and market participants. Sustainability and ESG The cryptocurrency sector increasingly prioritizes sustainability andESG factors, with initiatives focused on minimizing energyconsumption and enhancing eco-friendly practices. This shifttowards responsible innovation indicates the industry’s commitmentto aligning with broader societal values. Projects and protocols thatprioritize sustainability are likely to gain traction, appealing toenvironmentally-conscious investors and users. Cross-Chain Solutions & Interoperability The demand for seamless integration across diverse blockchainnetworks leads to significant advancements in interoperability andcross-chain technologies. These innovations promise to create amore interconnected and efficient cryptocurrency ecosystem,facilitating the seamless transfer of assets and data between differentblockchains. Interoperability solutions are essential for overcomingfragmentation within the crypto space and unlocking newopportunities for collaboration and innovation. Stablecoins and CBDCs The role of stablecoins and CBDCs is expanding, offering stablealternatives to traditional cryptocurrencies and fostering greateracceptance of digital currencies as viable financial instruments.Stablecoins pegged to fiat currencies provide stability and liquidity,facilitating transactions and serving as a bridge between traditionalfinance and the crypto world. CBDCs, issued by central banks,represent a digital form of national currency, offering benefits suchas increased efficiency, transparency, and financial inclusion. Privacy and Security Enhancing privacy and security remains paramount, with ongoingefforts to develop robust mechanisms to protect users’ data andassets. This focus is crucial for maintaining trust and fostering long-term growth within the cryptocurrency market. Privacy-enhancingtechnologies such as zero-knowledge proofs and multi-partycomputation are being leveraged to safeguard sensitive informationwhile preserving user anonymity. Similarly, advancements incybersecurity protocols help mitigate the risk of hacking and fraud,ensuring the integrity of blockchain networks and digital assets. NFTs and the Creator Economy The explosion of NFTs has unveiled novel opportunities for creatorsto monetize their work and engage with audiences, highlighting thedynamic interplay between technology and creativity within thedigital economy. NFTs represent unique, non-interchangeable tokensthat authenticate ownership of digital assets, including artwork,music, and virtual real estate. This burgeoning market has attractedattention from artists, musicians, and content creators seeking newavenues for distribution and monetization. Platforms dedicated toNFTs provide creators with a direct channel to connect with fansand collectors, bypassing traditional intermediaries and empoweringartists to retain greater control over their intellectual property. The cryptocurrency market stands at the brink of significanttransformation, driven by technological innovation, regulatoryevolution, and a shifting global economic landscape. Stakeholderswho navigate these trends strategically are well-positioned tocapitalize on the opportunities presented by this burgeoning sector.As the crypto ecosystem continues to mature, we can expect furthergrowth, diversification, and mainstream adoption, ushering in a newera of financial innovation and inclusion. By staying informed andadaptable, investors and enthusiasts alike can participate in andcontribute to the ongoing development of this dynamic industry.

The Presidency again on Sunday warned the Nigeria Labour Congress not to embark on its two-day nationwide protest against the rising cost of living in the country. Also, the police warned against disruption of commercial activities during the protest. The ...

The attorney-general of the federation and minister of justice, Lateef Fagbemi, SAN, has warned the Nigeria Labour Congress (NLC) to shelve its planned nationwide protest slated for February 27 and February 28, 2024. In a letter to NLC counsel, Femi ...