Risk
CrossTower eyeing further crypto acquisitions outside of Voyager bid
Crypto exchange CrossTower Inc., which is currently bidding for the assets of Voyager Digital, is reportedly window shopping for other crypto company acquisitions. In a Nov. 24 Bloomberg report, CrossTower CEO Kapil Rathi revealed that the company is looking to pick up firms with a “good set of customers” and a “good balance sheet” despite the current bear market, stating: “We’re in a great place to either acquire entities who have a good set of customers with them and a good balance sheet […] so we are openly looking at different types of companies from an organic growth perspective.” In September, CrossTower was one of the companies reported to be competing to acquire the assets of bankrupt crypto lender Voyager Digital, along with FTX and Binance. FTX Trading eventually...
New to crypto trading? Here are 5 tips on how to start 2022 on the right foot
It doesn’t matter how experienced you are at trading because nothing can be done to protect a person against the might of cryptocurrencies’ price swings. Currently, Bitcoin’s (BTC) volatility, the standard measure for daily fluctuations, stands at 64% annualized. As a comparison, the same metric for the S&P 500 stands at 17%, while the volatility spec for WTI crude oil is at 54%. However, it is possible to avoid the psychological impact of an unexpected 25% intraday price swing by following five basic rules. Fortunately, these tactics do not require advanced tools or large sums of money to hold through periods of high volatility. Plan to refrain from withdrawing money in less than 2 years Let’s assume that you’ve got $5,000 to invest, but there’s a good possibility that you might need ...
NCDC: Confirmed case of Delta variant of coronavirus detected in Nigeria
The Nigeria Centre for Disease Control (NCDC), on Thursday, said it had detected a confirmed case with the SARS-CoV-2 Delta variant, also known as lineage B.1.617.2. The variant was detected in a traveller to Nigeria following the routine travel test required of all international travelers and genomic sequencing at the NCDC National Reference Laboratory, Abuja. The Delta variant is recognised by the World Health Organisation (WHO) as a variant of concern, given its increased transmissibility. Facts indicated that the variant has been detected in over 90 countries and is expected to spread to more countries. The variant has also been linked to a surge in cases in countries where it is the dominant strain in circulation. According to NCDC, “there are ongoing studies to understand the impact ...
Rivers governor calls for workable life insurance scheme for police
Concerned about the recent spate of dastardly attacks on police officers, the Governor of Rivers State, Nyeson Ezenwo Wike, has urged the Federal government to put in place a workable life insurance scheme for all police personnel. The governor said the life insurance scheme should be considered a necessity so that when a police officer dies on duty protecting the public, his loved ones will not be financially divested afterwards. He made the suggestion when the President, Police Officers Wives Association (POWA), Hajia Hajara Alkali Baba, paid him a courtesy call at the Government House, Port Harcourt on Friday. Governor Wike observed that policing has become a risky occupation, and concerted effort must be made by the Federal government to ensure those police officers who risk their live...
NPHCDA: Over 1 million Nigerian residents receive second dose of coronavirus vaccine
The executive director of the National Primary Health Care Development Agency (NPHCDA), Faisal Shuaib, says 1,005,234 people have received the second dose of the Oxford/AstraZeneca COVID-19 vaccine. Shuaib disclosed this on Thursday, during a media briefing in Abuja. He said the agency has extended the timeline for the administration of second dose by 11 days — from June 25 to July 5 — to enable more people to be vaccinated. He said those who received their first doses before May 13, can go to any centre to get the second dose. For those who have received the first dose, Shuaib said the figure now stands at 2,099,568. He added that the administration of the first dose is ongoing, and urged those who fall within the approved category to approach the designated centres to receive the vaccine...
NAFDAC tasks stakeholders on drug abuse eradication
The National Agency for Food and Drug Administration and Control (NAFDAC) has stressed the need for all stakeholders to work together towards eradicating the menace of drug abuse in the country. Prof. Moji Adeyeye, NAFDAC Director General, made the call on Tuesday in Abuja, at the 3rd National Youth conference on drug abuse, organised by Centre for Ethical Rebirth among Nigerian Youth (CERANY), an . Represented by the agency’s Director, Narcotics and Controlled Substances, Mr Musa Umar, she said all hands must be on deck to find solutions to the problem of drug abuse, adding that all should be determined to eradicate the scourge. According to her, the problem of drug abuse concerns everybody, saying cooperations must be strengthened to decisively deal with the problem. “Of all the crises f...
WHO: 146 million Africans die yearly from tobacco-related diseases
The World Health Organisation has revealed that no fewer than 146 million Africans die annually from tobacco related disease. Dr Matshidiso Moeti, WHO Regional Director for Africa said this on Thursday during a virtual press conference. Moeti said tobacco was the leading cause of preventable deaths in the world and emphasised that “smoking damages nearly every organ in the body.” The director also said that “globally, exposure to secondhand smoke kills more than 1.2 million people yearly.” She explained that the use of tobacco products other than cigarettes, such as vaporizers, was on the increase in Africa. Moeti said that quitting tobacco was the way to reduce the risk of developing cancer, heart disease, stroke and other diseases, noting that it would also increase one’s life expectancy...
MTN Nigeria tells customers about potential disruptions for business continuity
TechCentral MTN Nigeria said on Wednesday it notified some enterprise customers about a potential service disruption to enable them put in place business continuity measures. The local unit of South Africa’s telcoms firm MTN runs Nigeria’s largest mobile phone network which generates around a third of the company’s revenue. The action was “a routine notification to a small group of businesses affected by a specific challenge in very few specific locations,” MTN said. “Maintaining network stability and high levels of customer service remains a key priority for us,” Karl Toriola, MTN Nigeria’s chief executive, said in a statement. Toriola said MTN aimed to inform customers in a timely manner so that they can put in place business continuity measures. Potential disruptions could be due to net...
Liverpool given go-ahead for Anfield expansion
Liverpool have been given the go-ahead to expand Anfield by around 7,000 seats, taking the total capacity at their historic stadium to more than 61,000. City council planners voted in favour of the redevelopment of the Anfield Road Stand on Tuesday, despite concerns expressed by residents and environmental groups about the impact on nearby Stanley Park. The Premier League club’s project is expected to be completed in 2023. “This is a huge milestone in our journey towards bringing more supporters into Anfield,” said Liverpool managing director Andy Hughes. “We underwent a rigorous two-stage public consultation period during the planning process for this project and I would like to thank everyone who has offered a contribution to that.” As part of the application, the club have also been giv...
COVID-19: Hard choices made by Nigeria responsible for successful impact – President Buhari
President Muhammadu Buhari has said the hard choices made by his administration to tackle the coronavirus pandemic ravaging the world have yielded successful impacts. The president, who addressed Nigerians in a nationwide broadcast on Saturday to mark the 2021 Democracy Day, was referring to some measures, including travel restrictions across the states of the federation and beyond, compulsory use of nose masks, hand washing protocols and other relevant protocols instituted to limit spread of the virus. Mr Buhari said; “Our response to the pandemic involved making hard choices in balancing livelihoods and public health concerns. “You are all living witnesses to how successful this has been due to a number of proactive measures put in place. Our response to COVID-19 is globally acclaimed. “...
UN: 64% of married Nigerian women lack sexual, reproductive rights
The United Nations Fund for Population Affairs (UNFPA) has said that an estimated 64 per cent of married women in Nigeria are unable to enforce their sexual and reproductive health rights. It said that only about 46 per cent of married women in Nigeria between the age of 15 and 49 years are in a position to make personal decisions regarding their sexual and reproductive health rights. UNFPA said that whereas 56 per cent of the married women have decisions about their healthcare made mainly by their husbands, 33 per cent make such decisions jointly with their husbands. The world body, which issued a report on the state of bodily autonomy for women across the world, said only 56 per cent of married women in Nigeria can say no to their husbands if they do not want to have sexual intercourse. ...
