Economy
Macroeconomic data points toward intensifying pain for crypto investors in 2023
Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal Reserve policy of tapering and raising interest rates. Bitcoin’s price had dropped 50% from its peak to lows of $33,100 before the LUNA-UST crash, thanks to the Fed rate hikes. The first significant drop in Bitcoin’s price was due to growing market uncertainty around potential rate hike rumors in November 2021. By January 2022, the stock market had already started showing cracks due to the increasing pressure of imminent tapering, which also negatively impacted crypto prices. BTC/USD daily price chart. ...
Trouble brewing for the US: Two-thirds of TradFi expects a 2023 recession
The United States economy could be in for an upset. Data from a Wall Street Journal survey revealed financial experts expect the country to face an economic downturn this year. Over two-thirds of economists at 23 major financial institutions that do business with the Federal Reserve believe the U.S. will have a “shallow” or “mild” recession in 2023. Two of the surveyed institutions predict a recession for the following year. The research included big names in the financial services sector, such as Barclays, Bank of America, TD Securities and UBS. Collectively, the Federal Reserve was named as the primary reason for the recession due to it raising interest rates to fight inflation. At the time of writing, the inflation rate in the U.S. is 7%, compared with the Fed’s target desired rate...
If you want to be rich in life as a man, here are two things you must avoid at a young age (Opinion)
Tweet Tweet Share Whatsapp reddit Everyone in this world wants to make it in life know matter their gender or condition. Without money, you will suffer in this world because you will lack all social amenities and if care is not taken, you might end your life due to frustration. Many people have suffered a lot and have learnt their lessons on things to avoid if you want to become successful. At a young age, there things you ought to do and things you ought not to do for your own good. Another thing that has bedeviled most men is womanizing. If you are addicted to women, you will never have time for Click “HERË” To Read The Full Write-up On Our web REGISTER TO JOIN NAIJABLOG FREE BLOGGING PLATFORM NaijaBlog.ng Tweet Tweet Share Whatsapp reddit .ube8a8f96be100f1af5af06eec575f9d4{padding:0;mar...
The Six Types of certificates of occupancy you should know about by Dennis Isong
Tweet Tweet Share Whatsapp reddit There’s so much wrong information out there. Beware! Don’t just believe everything. Not everything you see out there is correct. The fact is this, there are different types of occupancy but people know only one type which is the one that last for 99 years. A Certificate of Occupancy is a certificate given to a land that shows that you are the rightful owner of that land. DIFFERENT TYPES OF CERTIFICATES OF OCCUPANCY Let me first make reference to the most popular one which we know. RESIDENTIAL CERTIFICATE OF OCCUPANCY This particular one is the one you have when you buy a land. You can actually use this certificate to obtain a loan. It can last for the time frame of 99 years and you can do it in your name which is unique. It is also known ...
5 tips for investing during a global recession
The economy is facing an outlook bleaker than a Welsh weather forecast, and few are rushing to buy risk assets. Here are a few tips for weathering unfavorable market conditions. Option #1: Save cash There’s no shame in sitting on the sidelines and saving cash or stablecoins. When bullish momentum returns, you will have plenty of dry powder to make big allocations. In the meantime, there are still lots of opportunities to earn yield across crypto markets as long as you trust the protocol you’re using. But isn’t this timing the market, which is impossible? Possibly. But this is more about spotting momentum and general market trends as opposed to more focused price targeting or calling reversals. Larger trends are easier to spot. However, if that’s a bit risky, there’s another option. Option ...
Business You Should Consider at the Lekki Proposed International airport, Ibeju-Lekki – Dennis Isong
Tweet Tweet Share Whatsapp reddit One of the key things people majorly look out for before investing big in any business is the location. Although, not everyone gets this right. Many have suffered a huge loss because they had a business in a place where their kind of business was not in demand. The location could either make your business boom or fold up. How do you know that a location will be favorable for you? 1. It is an industrial area, that is, a place where major economic activities happen. 2. A resort center is close by. 3. The location has many 5-star hotels around. 4. You can find one or more higher institutions around. 5. An airport is close by. 6.Etc If you have been to the Muritala International Airport, you would have discovered how crowded and bustling the place is wit...
Stakeholders Converge at the Maiden International Financial Inclusion Conference, Lead Conversations on Financial Inclusion
Tweet Tweet Share Whatsapp reddit Nigeria, on 24th and 25th November 2022 hosted the largest convening of the global Financial Inclusion ecosystem since the launch of its National Financial Inclusion Strategy in 2012. The 2022 International Financial Inclusion Conference organized by the Central Bank of Nigeria (CBN) and its partners within the financial inclusion governance committees themed: “Financial Inclusion for all: Scaling Innovative Digital Models” had in attendance over 5000 participants from at least 78 countries around the world. Among the major dignitaries in attendance were His Excellency, President Muhammadu Buhari (GCFR), who was represented by the Honorable Minister of the Federal Capital Territory, Mallam Mohammad Musa Bello (CON); United Nat...
History made as Naira crashes to 800 per dollar
Tweet Tweet Share Whatsapp reddit The Naira is currently trading at 800 against the dollar according to some exchange platforms. Checks made by Peoples Gazette on Saturday revealed that the current parallel market rate is N800 to a dollar and N890 to British pound sterling. .u854da5b1048c3c431e1c67db0b8b851a { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:inherit; border:0!important; border-left:4px solid #16A085!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .u854da5b1048c3c431e1c67db0b8b851a:active, .u854da5b1048c3c431...
Ten Facts to note about Polaris Bank
Tweet Tweet Share Whatsapp reddit The headlines have been buzzing with the news of the sale of Polaris bank. Here are ten important facts to note: Polaris Bank was created as a bridge bank. This means that it was created to manage the assets and liabilities of another bank which failed (in this case, Skye Bank). The regulatory authorities intervened to stabilize the bank with the much-needed liquidity. The bank has since grown and its roots are grounded in the Nigerian financial ecosystem thus now fit for ownership by competent and capable investors. The new investor is Strategic Capital Investment Limited. Ponglomerape Limited is a diversified conglomerate with massive investments in the real estate, Agriculture, Manufacturing, and Consulting sectors. The company was established to ...
Why You Should Focus on Buying A Home – Dennis Isong
Tweet Tweet Share Whatsapp reddit Martins had lived in rented apartments at different times before making up his mind to own a home. All his experiences weren’t pleasant. He had lived with lousy people, dirty people, criminals, etc. the last straw that broke the Camel’s back was when he had a fight with the landlord due to prepaid meter payment. He had bought a freezer then, so the landlord said he dared not use it because they always had to buy light. Mind you, the landlord had every form of home appliance you could think of, yet, he insisted that Martins must do away with the freezer. Initially, Martins thought it was a joke until the landlord began to make life a living hell for him. It got to a point where Martins had to get him arrested. At the end of the...
Remittances drive ‘uneven, but swift’ crypto adoption in Latin America
Remittance payments, fiat fears, and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a new report. The seventh-largest crypto market in the world saw the value of cryptocurrencies received by individuals rocket 40% between July 2021 to June 2022, reaching $562 billion, according to an Oct. 20 report from Chainalysis. Part of the surge was attributed to remittances, with the region’s overall remittance market estimated to have reached $150 billion in 2022. Chainalysis noted that crypto-based service adoption was “uneven, but swift.” The firm pointed to one Mexican exchange operating in the “world’s largest crypto remittance corridor” which processed over $1 billion in remittances between Mexico and the Unite...
How To Avoid Omo-Onile Troubles In Lagos BT – Dennis Isong
Tweet Tweet Share Whatsapp reddit If you ask anyone that has bought or hoping to buy land in Lagos about their obstacles in buying such land, they would tell you about the fear of an encounter with omo-onile. Some people have vowed never to buy in Lagos again because of the bitter experience with these people. No matter where you hope to buy land in Lagos, you are highly likely to have an encounter with them. Who then are the omo-oniles? Omo-oniles are people who claim ownership of land. A land can belong to a family, someone sells it and gives you its papers. Then, other members of the family get wind of it and instead of fighting the seller, they decide to harass you. And if care is not taken, you may end up paying for and multiple times because they just keep showing up. Omo-onile are n...
