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Home Blog Page 1273

Nigeria’s Recent Inflation Data And The Failure in JAMB Headquarters

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Comment: ‘Guys, I agree that we can panel beat and brandish figures anyhow in Nigeria but National Bureau of Statistics (NBS) in its CPI April 2025 included this disclaimer “In analyzing price movements under this section, it should be noted that CPI is weighted by consumption expenditure patterns that differ across States and locations. Accordingly, the weight as-signed to a particular Food or Non-Food item may differ from State to State, making interstate comparisons of consumption baskets inadvisable and potentially misleading.”‘ This was a response on the piece where I asked the National Bureau of Statistics to check its latest inflation data.

My Response: The absence of evidence is not the evidence of absence. A disclaimer does not solve the issue because the very fact these states are published together, most readers will think the baseline benchmark is the same. But where they are not, it is the job of NBS to re-weigh everything, to compensate for variances in baselines, if those states would be put on the same table.

Simply, you need to explain why Ekiti  (34% inflation) and Ogun (~10%) states have that level of deviation with or without disclaimers. Understand that economics is a social science, but it is “science” nonetheless. So, putting a disclaimer does not fix the issue. I do not buy into your explanation until someone can explain how homogenous economic states like Ekiti and Ogun could be attributed to have the deviation noted.

Respectfully, you cannot use “disclaimer” to cover laziness. It is like the JAMB mess. When the results were published, I noted that I did not believe the results and avoided castigating our young people. Why? In the last two decades, Lagos, Anambra, Imo and Abia states have always outperformed in JAMB. So, when JAMB published what that mess, I rejected it because it made no sense, looking at historical data!

Later, I argued that while JAMB could have technical glitches or poor software, as it claimed, the fact that its statisticians approved those results is a validation that they did not apply statistics, post-exam. In other words, when a center within the University of Nigeria Nsukka recorded 100% failure, despite its previous great records, no human there in JAMB cared to understand why?

So, in the grand scheme, the biggest failure of JAMB is not the software problem, but the fact they approved garbage as “results” without anyone knowing it was garbage. It is in that spirit I want someone to explain how Ekiti and Ogun states could record the inflation data being paraded right now with both published together, making the citizens assume similar baselines. A disclaimer is not an answer!

RESPONSE on Feed: I think NBS has made it clear that the baseline is not the same. And if that is the case, comparing them will not be fine. My position is this: if the baseline is not uniform, why put them in the same table without adjustment? I have put another piece on this. My position is that if you must publish all the states in one table, adjust the baseline to compensate for any variation. 

Example, if you use Ekiti baseline to be 30 and Ogun 2, and you end up with whatever, and you did not adjust for the different baselines, while putting them in one table, that is not fair for the readers. Your pricing case does not matter because the baselines according to the disclaimer makes it so. But I can assure that if the baselines are adjusted, the variation between Ogun and Ekiti will not be up to the 25% as we have now. You can have 10%.

Nigeria’s National Bureau of Statistics, Check Your Inflation Computation Again

Trader Who Made $17M from Elon’s DOGE Tweets Backs This Dogecoin Rival, Expected to Surge 20000%

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Few stories are as legendary as the trader who parlayed Elon Musk’s Dogecoin (DOGE) tweets into a $17 million fortune. Now, that same investor is placing their chips on an under-the-radar meme coin: Salamanca (DON). With a forecasted upside of 20,000%, DON is drawing attention as potentially the next Shiba Inu or Dogecoin-level breakout in 2025.

From Doge Devotion to Salamanca Speculation

Back in 2021, Elon Musk’s tweets sent shockwaves through the crypto market. One trader, who bought millions of DOGE before the hype wave crested, reportedly cashed out with $17 million in profits as Dogecoin rocketed from fractions of a cent to nearly $0.70.

Fast-forward to 2025, and that same trader is betting big on Salamanca (DON) — a meme coin inspired by the Breaking Bad universe’s iconic Salamanca cartel. While some might see it as a meme with a dark twist, others are calling it the “next DOGE” for a new generation of investors.

What Is Salamanca (DON)?

Salamanca (DON) is a meme coin deployed on the Binance Smart Chain (BSC), which allows for faster and cheaper transactions than Ethereum-based tokens. But it’s more than just a tribute to fictional crime families — DON is actively building a passionate community and promising real momentum.

Current Price: ~$0.002–$0.003 (as of May 2025)

Max Supply: 1,000,000,000 DON tokens

24-Hour Volume: Over $5 million, indicating strong market interest

Market Rank: Climbing rapidly as attention increases

Though still small in market cap, DON’s virality and cultural edge have set it up as one of the most talked-about meme coins of Q2 2025.

Why the Hype? 5 Reasons Traders Are Bullish on DON

Massive Upside Potential: With a current market cap far below DOGE or SHIB at their peaks, Salamanca has room to grow. Some analysts forecast prices above $0.40, which would represent 20,000% gains from its early-2025 levels.

Pop Culture Leverage: The meme token space thrives on relatability and storytelling. Salamanca taps into Breaking Bad and Better Call Saul — two globally loved series with cult-like followings.

Community Growth: The DON community is exploding across Telegram, Reddit, and Twitter/X. The more attention it gains, the more investors pile in — creating a network effect.

Low Entry Barrier: With the token priced under a cent, investors can buy large quantities without a massive initial outlay. It’s psychologically attractive and historically profitable (see SHIB and DOGE in 2021).

Trader Confidence: Backing from high-profile early adopters — including the trader who nailed DOGE’s surge — adds legitimacy and intrigue.

Ethereum and Dogecoin Still Matter — But Salamanca Offers Speed

While blue-chip assets like Ethereum and Dogecoin still play vital roles in a balanced crypto portfolio, they may no longer offer the life-changing ROI that smaller-cap tokens can deliver. Ethereum may double. DOGE could 5x. But Salamanca? It might be 100x or more, if current projections hold. That’s the calculus behind the renewed meme coin hype: identifying lightning in a bottle — before it hits mainstream exchanges and headlines.

The trader who once rode Elon Musk’s DOGE tweets to generational wealth is betting that lightning can strike twice — and this time, it’s called Salamanca (DON). With market buzz, a viral origin story, and technical fundamentals aligning, DON may be one of 2025’s biggest meme coin winners.

About Salamanca (DON)

Salamanca (DON) is a rising meme coin stimulated through the notorious Salamanca cartel from Breaking Bad and Better Call Saul, mixing popular culture with crypto hype. Built at the Binance Smart Chain, DON isn’t only a novelty — it is positioning itself as a critical project in the meme coin space.

 

Website: https://salamanca.club/

Telegram: https://t.me/salamancatoken

Twitter: https://x.com/salamanca_token

23091% ROI in 78 Days? Dogecoin Investors Are Gobbling Up This Crypto That Will Yield Better Returns Than They Had with DOGE

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Dogecoin investors have recently started focusing their attention on the upcoming potential market leader RXS which serves as Rexas Finance’s native token. Crypto enthusiasts are in a state of excitement because RXS has a staggering 23,091% growth forecast for the next 78 days according to market predictions. Forecasted explosive growth stems from Rexas Finance’s specialization in real-world asset (RWA) tokenization allowing access to massive market sectors such as gold and real estate. Dogecoin investors are turning to RXS because they want to benefit from utility-driven price boosts that surpass everything DOGE has delivered.

Rexas Finance: Redefining Crypto Utility

Rexas Finance provides an exceptional solution by creating a bridge that links conventional financial systems with decentralized ecosystems using real-world asset tokenization methods. RXS differs from Dogecoin and other meme coins because it incorporates genuine value through its substance-based platform. The system enables users to convert physical assets into digital format for easy fractional ownership and trading transactions. Professional investors along with former Dogecoin users are attracted to projects with real-world applications because they understand that utility drives lasting investment value.

The Role of RXS in the Rexas Finance Ecosystem

Rexas Finance operates around the RXS token that fulfills various essential functions throughout the platform. RXS functions beyond being a mere speculative asset since it powers all transaction processes and governance operations and incentive structures. Decentralized finance (DeFi) activities including staking and lending and borrowing are accessible through RXS tokens to token holders. RXS functions as an essential component that maintains its position throughout every operation of the platform. The ongoing presale has reached its twelfth stage which proves highly successful as it completed 92.27% and generated $48,268,760 from a $56 million target while selling 461,341,512 tokens out of 500 million available.

Real-World Asset Tokenization: The Game Changer

The groundbreaking element of Rexas Finance emerges from its leadership in turning physical assets into digital tokens. Rexas Finance makes inaccessible markets accessible to worldwide investors through its digital tokenization of physical assets. The innovative technology provides complete transparency and efficiency and security to asset management while removing middlemen and reducing operational costs. RXS provides users with an AI-supported security system and a no-code token creation tool that enables secure and accessible investment opportunities for all types of investors from retail to institutional. The anticipated 23,091% increase in RXS value will be supported by the rising demand for on-chain assets that bring more utility to the token. Dogecoin investors used to rely on meme-based price increases but they now see stronger market potential in RXS because of its practical real-world applications.

 Utilities and Future Prospects for RXS

The RXS platform provides multiple utility tools that strengthen its overall worth and functionality. The token enables governance features which let token holders determine platform direction through decentralized voting mechanisms. Staking RXS generates yield rewards for tokenholders with its built-in DeFi integration maintaining constant utility and enhanced liquidity. The strategic price entry opportunity exists now for investors who want to achieve maximum profits because RXS will list at $0.25 on June 19, 2025 with its current presale price at $0.200. RXS maintains its credibility as a serious investment asset because it already appears on CoinMarketCap and CoinGecko platforms while undergoing a CertiK audit. The RXS presale reflects widespread investor confidence through its 92.27% completion rate and $48,268,760 raised which suggests great potential for the 23,091% surge ahead.

Conclusion: The 23,091% Opportunity Beckons

Rexas Finance represents a project that transforms digital asset investments while the crypto market continues to advance. Dogecoin investors moving to RXS demonstrates that the market is evolving into a more mature stage which emphasizes practical value and actual market worth above short-lived popularity. The RXS platform demonstrates readiness for an outstanding 23,091% market value increase within 78 days because of its completed presale and advanced RWA tokenization and robust ecosystem features.

 

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Elon Musk warns AI could face major power crunch by 2026 as xAI races to build gigawatt-scale data center in Memphis

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Elon Musk has warned that the rapid expansion of artificial intelligence (AI) could soon hit a wall—not because of software or hardware limitations, but due to a looming shortage of electricity.

In an interview with CNBC on Tuesday, the billionaire founder of xAI said the industry may begin to feel the effects of a power generation crisis by mid to late 2025 as data centers demand more energy than the current U.S. grid can reliably supply.

Musk, who has previously sounded alarms over AI’s unchecked growth, said his AI startup xAI is now working to build a gigawatt-scale data center outside Memphis, Tennessee—a facility that will match the capacity of a standard U.S. nuclear power plant. He expects the center to be operational in six to nine months.

“As we solve the transformer shortage, there will be the fundamental electricity generation shortage,” Musk said. “My guess is people are going to start hitting challenges with power generation maybe by the middle of next year, end of next year.”

The tech mogul identified three bottlenecks to scaling AI: high-performance chips, transformers (which modulate voltage from power plants to make it usable by computers), and ultimately, the availability of electricity itself.

Google Also Raised the Alarm Earlier

Musk’s concerns echo warnings raised by Alphabet’s Google in February. At a conference hosted by the Nuclear Energy Institute, Caroline Golin, Google’s global head of energy market development, said the company realized it could not sustain data center growth using existing grid capacity—especially as weather-dependent renewables like solar and wind create volatility.

“We ran into a very stark reality that we didn’t have enough capacity on the system to power our data centers in the short term and then potentially in the long term,” Golin said.

In response, Google began exploring nuclear energy options to ensure reliable, round-the-clock electricity for its expanding infrastructure. The tech giant is now among a growing number of companies considering partnerships with nuclear operators to safeguard their AI ambitions.

China Builds, U.S. Lags

According to Musk, while the United States grapples with stagnant electricity generation, China is charging ahead.

“China power generation looks like a rocket going to orbit and U.S. power generation is flat,” he told CNBC.

The contrast reflects broader geopolitical tensions around AI supremacy. As both countries race to lead in AI innovation, energy infrastructure is emerging as a critical frontier.

To bridge the gap in Memphis, xAI is deploying natural gas turbines to help power its Colossus data center. But the company’s approach has already stirred controversy. Environmental advocates accuse xAI of violating the Clean Air Act and operating as a “major source of air pollution” without necessary permits or mitigation technology.

The use of fossil fuel-based energy, particularly without adequate oversight, has raised concerns about the climate impact of powering AI. Critics say the AI gold rush could worsen emissions and undermine efforts to decarbonize the energy sector.

Utilities Divided on Demand Outlook

While utilities such as Dominion Energy report strong, sustained demand for data center power—especially in hotbeds like Northern Virginia—others urge caution.

Dominion, which serves the world’s largest data center market, told investors during its recent earnings call that demand is showing no signs of slowing down, despite broader macroeconomic jitters. The company has aggressively expanded its infrastructure to meet this need.

However, Constellation Energy, the largest operator of nuclear power plants in the U.S., isn’t as optimistic. CEO Joe Dominguez cautioned that some forecasts may be overly bullish as developers court multiple jurisdictions, leading to double-counting in demand estimates.

“I just have to tell you, folks, I think the load is being overstated,” Dominguez said during the company’s Q1 earnings call. “We need to pump the brakes here.”

However, Musk’s comments highlight a growing tension in the AI industry: the very technology that promises to reshape the world could be undermined by the infrastructure needed to sustain it.

Between soaring chip demand, constrained energy grids, and intensifying environmental scrutiny, companies at the forefront of AI face a balancing act. The challenge is no longer just about building smarter models—but about securing the physical power to run them. This situation has stirred questions on whether the U.S. grid can keep up with the AI age, or will the nation’s next tech revolution stall at the switch.

Ecobank Raises Additional $125m Through Eurobond Tap, Tightens Yield Amid Strong Global Investor Demand

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Ecobank Transnational Incorporated (ETI) has announced the successful completion of a $125 million tap of its existing $400 million 10.125% Notes due October 15, 2029, bringing the total size of the offering to $525 million.

The tap, priced at a premium of 102.634, carries an effective yield of 9.375%, 100 basis points below the original issuance, highlighting improved market confidence in the Pan-African banking group.

In a press release issued on May 19, 2025, ETI stated that the newly issued Notes will be consolidated and form a single series with the original $400 million Eurobond issued in October 2024. The proceeds of the tap will be primarily used to refinance upcoming debt maturities, in line with the bank’s stated objective to optimize its capital structure.

“This tap enhances our financial flexibility and further reinforces our presence in the global capital markets,” said Jeremy Awori, Group CEO of ETI. He described the transaction as “a clear demonstration of investor confidence in our credit profile and long-term strategy.”

According to the bank, the transaction received strong support from a broad and geographically diverse investor base. Final order books were more than twice oversubscribed, with participation from institutional investors across Africa, Europe, the United States, Asia, and the Middle East. The subscriber mix included asset managers, development finance institutions (DFIs), and banks.

“The issuance supports ETI’s goal of extending debt maturity and diversifying funding sources,” said Ayo Adepoju, Group Chief Financial Officer. He emphasized that this strategic move was part of the Group’s ongoing efforts to improve its liability profile and balance sheet strength amid tightening financial conditions globally.

The bank also acknowledged the critical roles played by its financial partners in the execution of the transaction.

“We appreciate the support of Absa, the Africa Finance Corporation (AFC), Afreximbank, Mashreq, Standard Chartered, EDC, and Renaissance Capital Africa in making this transaction successful,” Adepoju added.

Favorable Pricing Signals Market Confidence

The $125 million tap was priced at a yield of 9.375%, which is significantly lower than the 10.125% yield on the original notes issued in 2024. The pricing improvement is indicative of both a favorable shift in market sentiment and ETI’s enhanced standing among international debt investors. The decision to issue at a premium—102.634—allowed the bank to raise capital at a lower cost while offering additional liquidity to the existing bondholders.

This latest issuance follows ETI’s broader refinancing strategy to extend its debt maturity profile and alleviate short- to medium-term repayment pressures, particularly in light of ongoing macroeconomic volatility across African markets.

Rising Borrowing Costs, FX Exposure Remain Risks

Despite the favorable pricing of the tap, the issuance adds to ETI’s stock of USD-denominated liabilities, which exposes the Group to foreign exchange and interest rate risks, especially in Nigeria and other African markets where currencies have seen significant depreciation over the past year.

According to ETI’s unaudited financial results for the first quarter of 2025, the Group’s total borrowed funds stood at N3.341 trillion as of March 31, 2025—slightly higher than N3.333 trillion recorded in December 2024. The Q1 2025 interest expense on borrowings amounted to N70.18 billion (US$45.94 million), marginally above the N69.54 billion (US$51.83 million) reported in Q1 2024. While the naira value of the interest expense rose, the USD figure slightly declined, suggesting the impact of exchange rate adjustments.

For the full year 2024, the Group’s total interest expense on borrowings surged to N305.7 billion (US$205 million), compared to N117.9 billion (US$182 million) in 2023. The increase was driven by a combination of higher debt levels and rising global interest rates, which affected the cost of funding for African corporates.

Strategic Debt Management Amid Volatility

The additional issuance offers ETI temporary relief in managing its upcoming maturities, but analysts caution that currency depreciation, inflationary pressures, and global monetary tightening remain challenges for the Group.

Ecobank is attempting to mitigate future volatility in interest and FX markets by refinancing at a lower yield and locking in longer-term funding. However, the bank’s growing exposure to hard currency liabilities also means that any sharp depreciation in local currencies could significantly increase debt servicing costs in local terms.

Ecobank’s management has reaffirmed its commitment to proactive balance sheet management. In an earlier note to investors, the Group said it would “continue to explore opportunities to strengthen capital buffers, manage risks, and improve resilience in the face of macroeconomic uncertainties.”

With this latest tap, ETI has not only achieved a favorable refinancing outcome but also signaled a degree of credit strength that allows it to attract diverse global capital despite tightening global financial conditions.

The outcome of this deal is expected to give the bank room to focus on growth areas across its 33-country footprint while continuing to closely monitor liquidity, FX exposure, and global debt markets.