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Showing posts from May, 2020

5G: IT Experts dismiss myths of harmful radiation, say it will speed up connectivity for living, learning, business

Some information technology experts on Friday in Lagos said that adoption of 5G communication network would accelerate connectivity for living learning and business and dismissed myths of harmful radiation to human health. The IT experts spoke during a virtual public lecture, entitled: “5G Communication Network and Covid-19 Pandemic, the Myths and the Realties”,  organised by Lagos State University (LASU), Ojo. Dr Toyin Enikuomehin, Head of Computer Science at LASU, said that 5G communication network would enhance cyber security, transform the ecosystem and virtual platforms in the country. According to Enikuomehin, the three major features of 5G network are connectivity, latency and speed which would make communication faster than others. “New devices, software, applications will all come along with 5G and definitely aid the way we do things. “Latest technology will define better ways of communication, calls, video and audio, including messages in real time,”Enikuomehin

Music: T Classic - Hold On

Artist:   T-Classic Genre:  Afrobeats Released:  2020 Duration:  02:27 " Hold On " is a mid tempo Afro-fusion song that seeks assurance. On this record T Classic asks his lover if she would stay with him during the bad days and dry season. At the toughest of time!   Listen and enjoy below. DOWNLOAD

The Centre for Democracy and Development (CDD) has asked the Buhari administration to scrap security votes.

At a press briefing on the performance of the administration on Friday, Idayat Hassan, CDD director, identified security votes as “one of the windows for laundering public funds”. Security votes are funds disbursed for tackling unforeseen security needs in the country. They are often transacted in cash and used at the discretion of public officials without an independent audit. Hassan said although the current administration has made some progress with regards to the fight against corruption, it still performs averagely and needs to improve. “They should submit legislation outlawing security votes at the federal, state and local government levels,” she said. “A ban on security votes should be accompanied by a transparent and comprehensive budgeting procedure and criteria for security expenditure that meets international best practices. “There is a need for greater transparency in the holding and management of these recovered assets.” The CDD director added that Buhari

Adele followed this diet to lose weight; here’s how it works

According to reports, Adele is known to have lost about seven stone (44 kg) International singing sensation Adele made headlines when she posted a picture of herself on Instagram to show her remarkable transformation after losing weight. The  Hello  singer posted the picture to thank her fans for their birthday wishes as she turned 32. View this post on Instagram Thank you for the birthday love. I hope you’re all staying safe and sane during this crazy time. I’d like to thank all of our first responders and essential workers who are keeping us safe while risking their lives! You are truly our angels ♥️ 2020 okay bye thanks x A post shared by Adele (@adele) on May 5, 2020 at 9:38pm PDT According to reports, the singer is known to have lost about seven stone (44 kg). Her one-time Pilates instructor Camila Goodis recently revealed that 50 per cent of her remarkable transformation was due to the diet she followed — 

Electroneum to Launch Electricity Top-Ups Across Africa

The blockchain-based digital payment project, Electroneum, will be launching an in-app electricity top-up feature across four African countries — Nigeria, Senegal, Mali and The Gambia. The electricity payment platform will allow Electroneum app users to recharge their electricity meters directly from the app installed on their mobile phone by paying in Electroneum tokens. According to data obtained from Coinmarketcap, Electroneum ranks 64th as the most valuable cryptocurrency in the world, with a market capitalization of about $95 million dollars, trading up by 5%, with price at $0.0093 at the time this report was drafted. Currently, there are roughly 1 million active ETN app users. With over 2.4 million downloads of the ETN app, the company is perceived to be proactive in getting in touch with a lot of people in developing countries. Their partnership with NGOs in these nations is a capable method of guaranteeing broader use of cryptos. Furthermore, an Electroneum representative said:

Samsung Adds Bitcoin Focused Exchange Gemini To Its Flagships

The world's largest smartphone maker,  Samsung , has integrated the   Gemini   exchange into its Blockchain Wallet on Galaxy smartphones in the US and Canada.   (Updated at 13:36 UTC: a quote by Jeanine Hightower-Sellitto has been added). By connecting their Samsung Blockchain  Wallet  to the Gemini mobile app, users can buy and sell crypto, view their Gemini account balances, and also transfer their crypto into cold storage with Gemini Custody, the exchange  said . They're the first US crypto exchange and custodian to partner with South Korean giant, according to the announcement. The Samsung Blockchain Wallet and the Gemini Mobile App are available in the Samsung Galaxy Store for these devices: Galaxy S20 Series, Galaxy Z Flip, Galaxy Note 10 Series, Galaxy Fold, Galaxy S10 series (Verizon excluded). “It’s a full integration between the two apps that’s very transparent and very easy to use,” Jeanine Hightower-Sellitto, Managing Director of Operations at Gemini,  told  Bloombe

MTN Nigeria begins N100 billion commercial paper issuance today

MTN Nigeria Communications Plc has commenced its Commercial Paper (CP) Issuance (Series 1 & 2 of N50 billion each)  under its N100 billion CP issuance programme on Thursday. The issuance is important to the telco, as it intends using the proceeds to its working capital and general corporate purposes in Nigeria. This issuance under the CP Programme represents MTN Nigeria’s debut in the domestic debt capital market.  The proposed Commercial Paper Issuance Offer begins today and is scheduled to close on Thursday, June 4, 2020. 

Google is teaming up with Theta Labs in a move meant to help the video delivery network onboard users through Google Cloud.

Theta, which is blockchain-based, enables content-delivery with high-bandwidth content delivery using a decentralized system.   It is a cryptocurrency with its own type of blockchain (Theta). It can also be described as the operational token of the Theta protocol. Individuals use Theta Fuel to complete transactions like interacting with or deploying smart contracts. For the transformation of global digital economy,  Google   is collaborating with Theta Labs in a move to make video delivery networks more efficient through Google Cloud. “ As part of the business partnership, Google is assisting Theta with its Mainnet 2.0 launch, a hard fork happening around noon Pacific time on Wednesday,”  said Theta Labs’ Chief Executive Officer Mitch Liu. How to buy Theta Fuel? Theta fuel can be bought indirectly on most cryptocurrency exchanges like Binance and Coinbase. You will need to already own an Ethereum or Bitcoin (BTC) before you can trade with it. Google  joins the likes of Gumi Cryptos , B

Manchester United take out £140million loan in summer transfer hint

United, therefore, have drawn £140m of their £150m syndicated revolving credit facility (RCF) in a hint they could be preparing to spend big in the transfer market. The MEN understands United intend to press ahead with their plans to sign three players this summer. The club said it precautionarily drew funds from the RCF to increase its cash position, preserve financial flexibility and maintain liquidity during the crisis. Despite the virus and the suspension of the Premier League, United are targeting a number of additions before the start of the 2020/21 season with their prime target being Borussia Dortmund winger  Jadon Sancho . A fee for the 20-year-old could exceed the club record £89.3m paid for Paul Pogba in August 2016, with Dortmund having a hefty asking price on the England international. United are also interested in signing Aston Villa captain  Jack Grealish and Birmingham City teenager  Jude Bellingham.

Halving: Bitcoin whales gather more BTC, waiting for bullish run

Bitcoin  has been experiencing high volatility in recent months. The flagship cryptocurrency is yet to perform as expected, since its third halving event, which occurred on May 11. Many cryptocurrency traders and investors expected that the event (Bitcoin halving) would boost Bitcoin’s bullish run in the short and mid-term. Bitcoin addresses that own at least a hundred Bitcoins have increased their ownership level to another 12,000, according to data obtained from a cryptocurrency analytic firm, Santiment Research Company. The new purchase is worth around $108 million based on the current market prices. The research company stated that,  “Since Bitcoin’s drop below $9,500 on May 20, addresses holding 100 or more Bitcoin have added another 12,000 BTC to their bags – more than $108,000,000 at current prices.”  What are Bitcoin whales?  In the Bitcoin world, investors or traders who own a large number of Bitcoins are typically called Bitcoin whales. This means a Bitcoin whale would be an

Lagos State’s Commissioner for education Confirms No date has been Fixed for Resumption Yet

Mrs. Folashade Adefisayo noted that no date has been fixed for school resumption because the government is still observing the trends, discussing with federal agencies, and putting the needed facilities in place. “We are looking at the pandemic. The main thing for us is safety first, safety second, safety third. If we are certain that our children are fairly safe, we will open school, ” she said. The commissioner also assured that online digital classes would not end after schools resume as Lagos state partners with Microsoft to train 18,000 teachers . Instead, online classes would be used to reinforce classroom teaching.  She added that the ministry has received devices from donors and would be giving the same it out to the pupils to aid their learning in the coming weeks.

Lagos State partners Microsoft to train 18,000 teachers

According to Lagos State’s Commissioner for Education  Mrs. Folashade Adefisayo, the ministry decided to use the lockdown period to improve the teachers and by so doing, partnered with Microsoft to train the teachers on digital literacy. Talking on the Eko Excel Programme, which was part of the administration’s THEMES agenda, Adefisayo noted that it had helped improve the teaching and learning experiences in the classroom between the teachers and pupils. While discussing plans of the current administration for education, the commissioner said that the state governor Babajide Sanwo-Olu has granted the Ministry of Education permission to replace retired teachers and prevent gaps in the system. “The most important aspect of learning is the quality of teachers and we did not have enough teachers to actualise the set plan for learning in our public schools,”  she explained.

Music: Zlatan - Road to CDK

Zlatan  has dropped a banging brand new single titled " Road To CDK ". The World President's forthcoming album is titled " CDK (Casanblan Dè Katamatophia). " Listen to the song below. DOWNLOAD

Premier League return date could be agreed this week

According to SkySport , Premier League clubs are expected to give the go ahead to the introduction of phase two of training on Wednesday, prompting hopes that a date for the return to competition could be agreed by the end of the week. The league has received government approval to progress to the next stage of Project Restart, enabling competitive and close-contact training, including tackling, in groups of up to 12 players. Players and managers will have the chance to discuss any remaining concerns over phase two when they hold separate video calls with the Premier League on Tuesday.

ABCON Issues Guideline to Members on Forex Sales Resumption as Naira Set For Recovery

The Central Bank of Nigeria (CBN) and the Association of Bureau De Change Operators of Nigeria (ABCON) have finalized arrangements for the resumption of forex sales to Bureau De Change operators (BDCs). Following this finalisation, the more than 5,000 BDCs spread across the country are now expected to help curb the downward spiral of the naira, thereby checking the activities of foreign currency speculators. Recall that the naira has recently been facing major challenges, no thanks to the COVID-19 pandemic. Unfortunately, currency speculators took advantage of the situation by making spurious demand for dollars with the hopes of making good returns from the rising gaps between official and parallel market rates. Meanwhile, Governor Godwin Emefiele of the CBN and ABCON President, Aminu Gwadabe, have repeatedly spoken against the illicit business of currency speculators and the dangers they pose to the economy and naira’s stability. They have also warned the speculators about the looming

Altcoins Market Today

After a sharp downside correction, bitcoin price found support near the USD 8,650 level. BTC started an upside correction and it is now (08:30 UTC) trading near the USD 9,000 level. To continue higher, it must clear the USD 9,050 and USD 9,200 resistance levels. In the past three sessions, a few smaller altcoins gained more than 5%, including ZIL, ENJ, THETA, HBAR, MATIC, ZRX, MANA, SNT, IOST, NEXO, LUNA, and DX. Out of these, ZIL climbed around 20% and ENJ jumped more than 15%. Overall, bitcoin price is currently correcting higher and reaching the USD 9,000 level. To continue higher, BTC price must surpass the USD 9,200 hurdle. If not, there is a risk of another decline towards the USD 8,550 level. What Are Altcoins? Altcoins are the other  cryptocurrencies  launched after the success of  Bitcoin . Generally, they sell themselves as better alternatives to Bitcoin. The term "altcoins" refers to all cryptocurrencies other than Bitcoin. As of early 2020, there were more than 5,

Bitcoin cash, litecoin and XRP price today

Bitcoin cash price  is currently trading in a range near the USD 230 level. On the upside, BCH is facing a lot of hurdles near the USD 240 level, above which the price might start a steady rise. If not, there is a risk of a bearish extension towards the USD 220 support zone. Litecoin  is currently testing the USD 42.20 and USD 42.00 support levels. LTC could decline further towards the USD 40.00 level, which is a crucial support. To move into a positive zone, the price must break the USD 43.50 level and then gain traction above the USD 45.00 resistance.  XRP price  is consolidating above the USD 0.190 and USD 0.192 support levels. The price is currently trading near USD 0.195 and it might climb towards the USD 0.200 resistance level. If there is a successful close above USD 0.200, the bulls might attempt to gain strength and push the price towards the USD 0.205 and USD 0.208 levels.

Tiktok’s In-App revenue surges amid lockdown

The meme-making business has proven to be worth all the fuss, with  TikTok , as well as its Chinese twin app, Douyin, ranking tops globally on mobile apps with the highest revenue generated for the month of April. Sensor Tower, notes that just in the first quarter of this year, ByteDance Ltd’s brainchild, TikTok, together with Douyin which caters to the Chinese market, generated 315 million downloads globally, from the 187 million it had just a year earlier. The ranking, which was based on their in-app purchases, reveal a tenfold increase, as the companies garnered a whopping $78 million in revenue. The Chinese market is said to have contributed 86.6% of Douyin’s revenue, followed by the U.S market which contributed 8.2%. This places them ahead of older names like Netflix & YouTube. As opposed to using subscriptions like these established brands, TikTok and Douyin allow users to purchase virtual currency to spend on their favorite content creators. While ByteDance is exploring the

Another Ethereum DeFi token surged 10,000% in 2 hours — an analyst thinks it was 4chan… again

Just days after an Ethereum-based decentralized finance (DeFi) token  surged 400 percent earlier this week  because of users of the anonymous messaging board 4chan, it happened again. And this time, the  altcoin  saw gains of more than 400 percent. Much, much more than 400 percent. The issue is: the token that rallied has no intrinsic value, but people bought it anyway. Ethereum token registers 100x in two hours Contrary to what you hear, lightning can strike twice — only in the crypto space anyway. On May 17, the price of Opyn CDAI Insurance (OCDAI) — a token created by a DeFi protocol known as Opyn that allows users of  Compound  to obtain insurance on their deposits — rallied 400 percent in two hours. On May 23, the price of Opyn y.curve Insurance (OCRV) — a token from Opyn that allows users of Curve.fi to obtain insurance on their deposits — rallied by over 10,000 percent in two hours. OCRV, according to the chart below, rallied from $0.02 to a high of $3.04.