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Nigeria Moves to Avert Fuel Crisis with Pledge to Settle IPMAN’s N100bn Bridging Claims, But It Reignites Subsidy Debate

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Nigeria’s fuel subsidy debate has resurfaced with renewed intensity following the Federal Government’s last-minute intervention to prevent an imminent strike by the Independent Petroleum Marketers Association of Nigeria (IPMAN).

The crisis was triggered by the government’s failure to pay N100 billion in outstanding bridging claims, a situation that threatened to disrupt fuel supply across the country. While the government’s pledge to settle the debt has temporarily diffused tensions, it has also drawn fresh scrutiny over whether the fuel subsidy—officially declared abolished in May 2023—has actually been removed or merely continued under a different name.

The controversy erupted when IPMAN issued a seven-day ultimatum on February 24, 2025, demanding that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) settle the long-overdue bridging claims owed to petroleum marketers. The association warned that failure to make the payment would result in a nationwide shutdown of petrol supply, an action that could have plunged the country into yet another fuel scarcity crisis.

As the deadline loomed, the government moved swiftly to de-escalate the situation. On February 27, 2025, IPMAN’s National President, Alhaji Abubakar Maigandi, announced that the government had assured marketers of payment and expressed commitment to resolving other outstanding issues in the sector. He called on members to remain patient and suspend any planned industrial action while discussions with the NMDPRA continued.

”We have been in communication with the NMDPRA and the Federal Ministry of Petroleum Resources. They have expressed their commitment to addressing these pending claims and other issues.

”In the meantime, we kindly implore all members to remain calm and patient as we work towards securing the necessary approvals and payments.

”We understand the importance of these claims to you and appreciate your understanding during this process.

”We also encourage all members to refrain from any actions that may disrupt our collective efforts, including strike actions.

”Our upcoming official meeting with the NMDPRA will be a critical opportunity to discuss these matters further, and your participation will be invaluable,” he said.

However, the episode has raised deeper concerns about the true status of Nigeria’s fuel subsidy policy. The very existence of unpaid bridging claims suggests that the government is still subsidizing fuel distribution, contradicting its earlier stance that subsidy payments had been completely abolished.

The Subsidy Removal Controversy

When President Bola Ahmed Tinubu assumed office in May 2023, he announced an immediate and total removal of the fuel subsidy, a longstanding policy that had drained government finances and fostered inefficiencies in the oil sector. The move was widely seen as a bold economic reform aimed at reducing public spending and attracting private-sector investments in fuel importation and refining.

However, the decision came with severe economic consequences. Fuel prices tripled overnight, soaring from N185 per liter to over N500, and later surpassing N600 per liter in several states. The sharp increase led to an inflationary spiral, with the cost of transportation, food, and essential goods skyrocketing. Public frustration mounted, and labor unions staged multiple protests, arguing that the policy had pushed millions of Nigerians deeper into poverty.

As pressure intensified, the government introduced palliatives to cushion the impact, including cash transfers to vulnerable households and salary adjustments for civil servants. However, these interventions failed to prevent widespread economic hardship. Amid growing discontent, the government quietly resumed fuel subsidies under a different guise, despite insisting publicly that the subsidy regime had ended.

Subsidies Disguised as “Price Stabilization”

Although fuel prices were expected to fluctuate with global crude oil prices and exchange rate movements following subsidy removal, this has not been the case. Analysts noted that despite the naira’s depreciation and rising international crude prices, petrol prices in Nigeria remained artificially low—a clear indication that the government was still subsidizing fuel behind the scenes.

The clearest evidence of this came from the Nigerian National Petroleum Company Limited (NNPCL), which retained control over fuel imports even after subsidy removal. By early 2024, experts estimated that without any subsidy, the actual market price of petrol should have been over N1,000 per liter. Yet, the government ensured that prices remained within the N600 to N700 range, effectively covering the cost difference—just as it did during the official subsidy era.

The N100 billion bridging claims owed to IPMAN further confirm the continued existence of subsidies. Bridging claims are transportation subsidies meant to equalize fuel prices across different regions, ensuring that consumers in remote areas pay the same price as those in urban centers. If the government had truly eliminated the subsidy, there would be no reason to maintain these payments. Yet, as this crisis has shown, the government remains indebted to marketers, proving that fuel prices are still being manipulated through indirect subsidies.

Best Crypto to Buy Now— Will DexBoss Become the Next Big Crypto?

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As the cryptocurrency market rapidly evolves, presale events have become critical opportunities for investors seeking early access to high-potential projects. Two standout pre-sales currently generating significant interest are DexBoss and Aureal One, both offering unique functionalities and impressive investment potential. This article explores the top five presale opportunities, highlighting their innovation, market impact, and potential returns.

The top 5 Best Crypto to Buy Now are listed below:

  1. DexBoss (DEBO)
  2. AurealOne (DLUME)
  3. Beescoin (BEE)
  4. StrikeBit (STB)
  5. PixFun (PIX)

1.DexBoss ($DEBO)

DexBoss is currently leading the pack in the presale phase of its next-gen DeFi platform, aiming to integrate traditional finance with the ever-growing world of DeFi. This would make decentralized trading and investments much easier for a wider demographic.

Click here to know more about DexBoss

DexBoss’s presale strategy involves a well defined 17-step pricing structure starting as low as $0.01 per token. Through this method, DexBoss aims to raise $50 million and provide early investors with huge returns. As the presale continues, the price of the token will increase in increments, reaching $0.0458 in the final round before being listed at $0.0505.

DexBoss’s initiative for well-defined and transparent DeFi fundraising structures is incentivizing early investment and will guarantee success in the long term.

Dexboss tackles some of the most pressing problems in the DeFi space like expensive fees, complex systems, and delayed execution. It creates a user-friendly trading ecosystem with deep liquidity pools, margin trading, liquidity farming, and staking features, assuring an optimized trading environment for all levels of investors. One major highlight of the DexBoss ecosystem is his buyback and burn mechanism that steadily decreases the token’s market supply as the macroeconomy improves. With its smartly designed presale, DexBoss is leading the pack in the DeFi space.

2.Aureal One (DLUME)

With Aureal One taking the second spot, this fantastic blockchain network is specially designed for gaming and metaverse industries and comes with super potent immersion capabilities. This token started with a $50 million cap aimed at establishing a strong gaming ecosystem and commenced its 21 round presale at $0.0005 per token.

DLUME is designed for seamless transactions in the metaverse and serves as a dual purpose in-game currency as well as an investment asset. The boldest feature is the deployment of Zero-Knowledge Rollups that greatly improves scalability and reduce transaction costs making it a sought after feature in blockchain gaming. Furthermore, DLUME holders are allowed to stake their coins to earn rewards as well as to make platform governance decisions which allows for real community involvement.

The ecosystem is already bustling with flagship titles such as Clash of Tiles, with more like DarkLume on the way. Investors can buy DLUME tokens at a discount during the presale and are likely to benefit financially as the blockchain gaming ecosystem expands.

3.Beescoin (BCC)

Third on the list is Beescoin, an innovative project focused on the intersection of blockchain technology and sustainable agriculture. At the moment, Beescoin is valued at $0.005 and seeks to improve bee farming and honey production through the blockchain’s transparency and traceability features. Using an open and decentralized system like Beescoin helps ensure proper payments to beekeepers, good farming methods, and verification within the supply chain, thus catering to the increasing need for green investment.

4.StrikeBit (STB)

At the fourth, StrikeBit is capturing the attention of the masses due to its automated crypto trading feature. The platform’s presale token price is $0.007. StrikeBit helps automate trading strategy formulation and execution with its sophisticated algorithmic systems.

StrikeBit stands out because its technology allows traders to manage risks while maximizing returns, which is appealing for novice traders and seasoned investors alike. The platform will certainly change the way traders engage with the crypto market since it plans to incorporate AI powered trading strategies.

5.PixFun (PIXFUN)

Completing the top five is PixFun, a P2E gaming platform that is currently in its presale phase and selling its token for $0.002. PixFun is aimed at the gaming population and enables users to earn cryptocurrency by playing games, making it an entertaining way to earn money. With an increase in popularity in blockchain gaming and the P2E model, PixFun will be a great investment opportunity for those looking to combine gaming and cryptocurrency.

To Summarise

Pre-selling tokens of cryptocurrency projects give a unique opportunity for investment as pre-sales take place before the public sale. For example, DexBoss and Aureal One are leaders on the market and adequately serve the domains of DeFi and gaming thanks to their advanced technology and engaged communities. In the same time,

projects like Beescoin, StrikeBit, and PixFun showcase the diverse potential of blockchain technology across sustainability, trading automation, and gaming.For investors seeking high-growth opportunities, participating in pre-sales can be a strategic move. However, conducting thorough research and staying informed through official channels is crucial for making informed decisions. With blockchain innovation accelerating, now may be the perfect time to explore these cutting-edge investment opportunities before they take off.

End of an Era: Microsoft to Retire Skype in May, Pushes Users to Teams

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After years of speculation and last-minute updates that prolonged its lifespan, Microsoft has officially announced that Skype will be retired in May 2025.

This decision marks the end of an era for one of the most well-known digital communication platforms, which at one point dominated the global market for video and voice calls. Instead of trying to revive the aging service with another update, Microsoft is now directing users to Microsoft Teams, its newer, more widely used collaboration platform.

According to XDA, the news was first spotted inside the latest Skype for Windows preview by a sharp-eyed user and later confirmed by XDA Developers, which found an embedded message stating: “Starting in May, Skype will no longer be available. Continue your calls and chats in Teams.”

Accompanying the message was a note indicating how many of the user’s contacts had already transitioned to Teams Free, subtly nudging holdouts to make the switch before Skype disappeared permanently.

The Rise and Fall of Skype

Skype’s journey has been marked by meteoric success, missteps in development, and eventual obsolescence. It was first launched in 2003 and quickly became the go-to platform for online voice and video calling, at a time when broadband internet was becoming more widespread.

The service revolutionized communication by enabling free calls over the Internet, eliminating the need for expensive international phone calls. Its popularity led to Microsoft’s acquisition of the platform for $8.5 billion in 2011, a move intended to position Skype as the company’s flagship communication tool.

Following the acquisition, Microsoft discontinued its own Windows Live Messenger and attempted to integrate Skype into its ecosystem. However, the transition proved far from seamless. Over the years, Skype underwent multiple redesigns, and Microsoft’s efforts to merge it with Windows were inconsistent. In 2015, Skype was bundled into Windows 10 with separate apps for messaging, calling, and video conferencing, but the confusing implementation lasted only nine months before Microsoft scrapped it. The company then introduced a Universal Windows Platform (UWP) app, which was later abandoned as well, in favor of returning to a Win32-based version.

Despite Microsoft’s continued investment in Skype, it failed to maintain relevance in a rapidly changing digital landscape. While it once dominated video calling, it faced increasing competition from emerging platforms that offered greater simplicity, ease of use, and mobile-friendly experiences.

The Role of Competition in Skype’s Decline

Although Microsoft’s internal strategy shifts played a role in Skype’s struggles, analysts have pointed to competition as another major factor in its downfall. Over the years, the platform faced mounting pressure from tech giants, each offering more streamlined and user-friendly communication alternatives.

One of the biggest blows to Skype came with the rise of Zoom. Unlike Skype, which had gradually become bloated with unnecessary features and suffered from connectivity issues, Zoom provided a simple, intuitive, and highly efficient video-calling experience. Its ease of use, particularly for business meetings and online events, made it the preferred choice during the COVID-19 pandemic, effectively cutting into Skype’s user base. Zoom’s dominance was so profound that it became the default term for video conferencing, much like Skype had been in its heyday.

Additionally, nearly all major social media platforms have integrated video calling features, further reducing the need for Skype. Facebook Messenger, WhatsApp, Instagram, FaceTime, Google Meet, and Microsoft Teams have all made video communication more accessible, often without requiring separate software installation. These platforms provided seamless cross-device functionality, something Skype struggled to perfect in later years.

Microsoft’s Shift to Teams and the End of Skype

Microsoft’s introduction of Teams in 2017 marked the beginning of Skype’s final decline. Originally developed as a workplace collaboration tool, Teams leveraged Skype’s technology but quickly evolved into a full-fledged competitor to Slack, focusing on business communication and productivity.

By the time Microsoft officially retired Skype for Business in 2021, it was evident that the company had deprioritized Skype in favor of Teams as the primary communication platform. The shift became even more pronounced with the launch of Windows 11, which came pre-installed with Teams instead of Skype. Unlike Skype’s failed attempt at Windows integration in 2015, Teams’ placement in Windows 11 felt more natural and well-received.

For years, it seemed like Microsoft was unwilling to completely pull the plug on Skype. Each time users speculated about its impending demise, Microsoft would release an update, keeping the platform alive but without any clear long-term vision. However, the writing was on the wall. As Teams gained traction among businesses and individual users, Skype became increasingly redundant.

Now, Microsoft has finally decided to shut down Skype for good, encouraging its remaining users to migrate to Teams Free.

With Skype set to cease operations in May 2025, Microsoft is expected to roll out in-app notifications urging users to transition to Teams. However, the company has yet to provide a formal statement explaining the transition process or how it plans to support users during the migration.

For longtime Skype users, this marks the end of an era, but for Microsoft, the move is part of a larger strategy to consolidate its communication tools under a single brand. The digital landscape has changed significantly since Skype’s glory days, and with Microsoft fully committed to Teams, the legacy of Skype is now coming to a definitive close.

Solana (SOL), Cardano (ADA), Rexas Finance (RXS): Get These 3 Altcoins Immediately

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Investors continuously seek interesting cryptocurrencies with great expansion potential as the crypto market changes. There are many available currencies in the market, but few stand out as potential candidates for your portfolio in 2025, like Solana (SOL), Cardano (ADA), and Rexas Finance (RXS). These three cryptocurrencies show great potential for price increase in the next months and years and have great usage applications. Here’s why you should consider getting these three altcoins immediately.

Cardano Price Could soar to $15 in 2025

Despite recent market turmoil, ADA has great strength, creating a positive trend that can cause an explosive rise. Crypto expert Ali Charts advises loading up on ADA since the latest crypto market collapse did not effectively drive the token sustainably below its critical support level of $0.67. Ali Charts claims that Cardano is in an accumulation period, which usually precedes notable price movement. ADA’s last display of this kind of trend was followed by an incredible surge that raised the price to a record $4. Although the forthcoming rally might not be as big as in 2021, experts believe ADA might hit a new all-time high of $15 by late 2025. Moreover, the shrinking of the Bollinger Bands on the ADA price chart indicates a significant change. With the Relative Strength Index (RSI) at 41 right now, the Bulls have plenty of space to take the front stage. Forecasting a 200% surge in the immediate term and a longer-term objective of $15, many analysts—including Crypto Rand—have shown hope in ADA’s future possibilities.

Solana’s Current Market Performance and Projections

Overcoming various challenges, Solana (SOL) has had an amazing journey to become one of the best cryptocurrencies regarding market performance and technological competence. After a 1.27% drop from its previous close, Solana is trading at roughly $196.14, according to the most recent statistics. Solana’s solid technological developments help maintain investor confidence, even if its volatility is clear-cut.

Solana’s expansion is mostly driven by its Firedancer update, which greatly increased the network’s scalability and transaction speed. Solana is positioned to lead the smart contract market with the capacity to process an incredible one million transactions every second. Both developers and investors have shown great interest in this update, which will help shape future price hikes. Driven mostly by Solana’s increasing acceptance of its smart contract capabilities, leading asset management company VanEck believes Solana could reach $520 by the end of 2025. Solana’s price should keep climbing as its market share in the smart contract domain grows. This prognosis shows a considerable increase for those wanting to enter now, even if it is cautious relative to Solana’s potential.

Rexas Finance (RXS): The Future of Tokenized Real Estate

Rexas Finance (RXS) represents the future of asset tokenization, specifically in the real estate sector. RXS is transforming real estate investment by allowing buyers, sellers, and swappers of tokenized assets to engage. This strategy makes asset ownership borderless and more efficient than ever by lowering transaction costs, boosting liquidity, and giving access to worldwide markets. The Rexas Finance presale has been quite successful, with $45,921,138 raised and 449,603,400 RXS tokens sold. Currently priced at $0.20, the project is in its last presale stage, and early investors have already received a 6.67x return on investment. Rexas Finance has also disclosed intentions to list RXS on three Tier 1 exchanges on June 19, 2025, at $0.25, improving its liquidity and worldwide visibility. Besides the outstanding presale success, Rexas Finance has started the $1 million prize pool in RXS tokens known as the Rexas Millionaire Giveaway. Both institutional and ordinary investors have been quite involved in this project. With access to the $486 trillion worldwide financial asset market, analysts estimate that upon public launch, Rexas Finance may witness a 15,000% price rise. If this development pattern continues during the next bull run, RXS can become one of the most rewarding investments.

Conclusion

Three altcoins that every investor should be on high alert in 2025 are Solana (SOL), Cardano (ADA), and Rexas Finance (RXS). These cryptocurrencies are very appealing investments because of Cardano’s exponential potential for growth, Solana’s technological innovations and market leadership, and Rexas Finance’s creative approach to real estate tokenization. These three coins are positioned to profit from developing trends and provide outstanding returns to investors as the crypto market changes. Don’t pass up the chance to invest in some outstanding altcoins.

 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

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

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

Telegram: https://t.me/rexasfinance

Meta Fires 20 Employees Over Leaks as Zuckerberg Clamps Down on Internal Dissension

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Meta has reportedly terminated roughly 20 employees for allegedly leaking confidential company information, as CEO Mark Zuckerberg intensifies efforts to crack down on internal leaks.

The terminations follow Zuckerberg’s frustrated remarks during an all-hands meeting last month, where he complained that “everything I say leaks. It sucks.”

Zuckerberg’s lament about leaks was ironically leaked almost immediately, fueling further scrutiny of Meta’s internal culture and management practices. During the meeting, he hinted that the company would need to be less transparent going forward and warned that employees caught leaking sensitive information would face termination.

Now, according to a report by The Verge, Meta has followed through on that warning. In a statement, the company said: “We tell employees when they join the company, and we offer periodic reminders, that it is against our policies to leak internal information, no matter the intent. We recently conducted an investigation that resulted in roughly 20 employees being terminated for sharing confidential information outside the company, and we expect there will be more. We take this seriously and will continue to take action when we identify leaks.”

Meta’s chief technology officer, Andrew Bosworth, confirmed earlier this month that the company was close to identifying the leakers, implying that additional dismissals could follow.

In response to the leaks, Meta has introduced sweeping changes to internal meetings to limit information from spreading. Employees can no longer vote on which questions to ask Zuckerberg, a system that previously allowed the most popular topics to be addressed. Additionally, comments during live presentations have been disabled, and questions deemed potentially problematic if leaked are now skipped altogether.

Zuckerberg has also indicated that Meta’s overall transparency will be reduced, making it harder for employees to access sensitive discussions. These measures highlight a growing culture of secrecy within the company, signaling a shift from its previous open-information approach.

Why the Surge in Leaks?

The sudden spike in leaks at Meta appears to coincide with Zuckerberg’s increasing alignment with Donald Trump in recent months.

Meta’s recent decision to donate $1 million to Trump’s inauguration fund in December has raised eyebrows, as have several controversial policy shifts perceived as concessions to Trump’s political base. These include:

  • The termination of Meta’s DEI (Diversity, Equity, and Inclusion) programs
  • The removal of third-party fact-checkers
  • The scaling back of content moderation policies

Zuckerberg, who previously positioned himself as a champion of free expression, has now faced accusations of bowing to political pressure. While he was among the first tech executives to congratulate Trump on his 2024 election victory, the relationship between the two remains complicated.

Trump has publicly criticized Meta in the past, accusing the company of censorship and political bias. In 2021, Facebook (now Meta) banned Trump for two years following the January 6 insurrection, leading to Trump labeling the platform an “enemy of the people”. He also accused Zuckerberg of plotting against him during the 2020 election, vowing that the Meta CEO would “spend the rest of his life in prison” if he ever did it again.

Now, with Meta’s policies seemingly shifting in Trump’s favor, internal discontent within the company appears to be mounting, leading to a rise in leaks exposing these controversial changes.

Lavish Bonuses for Executives Amid Layoffs

The firing of rank-and-file employees for leaking information comes against the backdrop of executive pay increases at Meta.

The company recently approved a plan to boost executive bonuses by up to 200% of their base salary—a move that has sparked criticism given that Meta is simultaneously cutting 5% of its workforce (approximately 4,000 employees).

Meta has already conducted mass layoffs since 2022, with more than 21,000 employees losing their jobs as part of what Zuckerberg calls the “Year of Efficiency”. However, the contrast between lavish executive bonuses and widespread job cuts has fueled employee dissatisfaction, making leaks even more likely.

Meta Apologizes After Reels Flooded with Explicit Content

Adding to Meta’s recent troubles, the company was forced to apologize yesterday after an “error” caused its Reels platform to be flooded with violent and pornographic content. The incident embarrassed the company at a time when it is already facing backlash over content moderation issues, particularly following its decision to scale back fact-checking and moderation efforts.

With internal tensions rising, Zuckerberg’s crackdown on leaks appears to mark a new era of secrecy at Meta. Employees who were once accustomed to an open culture are now facing harsh penalties for sharing information, while the company’s ties to Trump and executive pay increases continue to spark controversy.