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Home Blog Page 2626

The Modi of India [video]

By
Ndubuisi Ekekwe
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0

The Modi of India. The Xi of China. The Biden of America. The Putin of Russia. Modi has entered a dynasty mode in the business lexicon of Indians; he is amazing. Xi continues to drive China despite the post-covid challenges.  Yes, if you check where Putin picked Russia and where they are economically today, his economic stewardship of Russia will surprise you. And whether his name is Biden or Trump or whoever, the Americans will continue to scale opportunities.

In all these men, there is a constant: passion for their nation and tough love for their fellow citizens. They do all to improve their people, their communities and advance the state.

My question to you is this: Who can rise for Africa, and specifically, who can remake Nigeria in our generation? See what Modi has done for India (video).

Effective Cloud Strategy and Financial Management | Tekedia Mini-MBA

By
Ndubuisi Ekekwe
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0

The team from CloudPlexo, the best in cloud architecture and cloud financial management, has started its course in Tekedia Institute. We thank David Ekefre for making time to educate us on how to effectively execute a cloud computing strategy, and make sure it helps the bottom line.

Tue, Nov 26 | 7pm-8pm WAT | Effective Cloud Strategy and Financial Management – David Ekefre, Cloudplexo

Let me thank Amazon AWS for the support. Cloudplexo is a leading partner for AWS in Africa and beyond.

At Tekedia Institute, we believe that SMEs will get competitive advantages in the market when they go cloud. In short, the whole nexus of AI will not happen without cloud computing. So, we need to understand the business of cloud  and how it can help a business win in the marketplace.

Nigeria’s MPC Expected to Hike MPR By 25 to 50 Basis Points, Following Recent Economic Gains

By
Samuel Nwite
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0

The Monetary Policy Committee (MPC) has commenced its final two-day meeting of 2024 in Abuja, with analysts widely anticipating a hike in the Monetary Policy Rate (MPR) by 25 to 50 basis points, buoyed by recent quarterly economic gains.

The MPR hike is driven by Nigeria’s persistent inflationary pressures, volatile naira, and ongoing economic reforms.

Nigeria’s inflation surged to 33.88% in October 2024, up from 32.7% in September, according to the National Bureau of Statistics (NBS). This marks the third-highest inflation rate in the country’s history, only trailing the 34.19% peak recorded in June 2024.

The Central Bank of Nigeria (CBN) has aggressively implemented monetary tightening since 2022, raising the MPR by 1,525 basis points (bps) over the period, including 825 bps since mid-2023.

The inflationary pressure stems primarily from supply-side factors, such as flooding in northern Nigeria, rising food prices, and transportation costs.

Razia Khan of Standard Chartered Bank told BusinessDay that inflation remains driven by these shocks rather than excessive demand.

“This follows a rise in October inflation to 33.9 percent y/y, reflecting continued pressure on food and transport prices. Given meaningful monetary tightening in recent months, the October inflation uptick was much faster than we had expected. In our view, it reflects the lagged effect of earlier flooding in northern Nigeria, and possibly also the lagged effect of September’s sizable fuel price increase, which was followed by a much smaller increase in October. Supply-side shocks, rather than excessive demand, continue to drive Nigeria’s inflation,” she said.

Other analysts who spoke to BusinessDay broadly expect the CBN to raise the MPR in response to persistent inflation and naira volatility. Ayodeji Ebo of Afrinvest suggests a 25-50bps hike to maintain the attractiveness of naira-denominated assets and reduce pressure on foreign exchange.

“Given the unrelenting rising inflation, I expect the CBN MPC to raise the MPR by 25-50bps to keep the interest rate attractive and reduce pressure on FX. On the other hand, it will add further pressure on the companies due to the impact on financial costs.”

However, he warns this could add financial strain on businesses due to rising borrowing costs.

Tobi Ehinmosan of FBNQuest Capital Research concurs, emphasizing the MPC’s commitment to addressing inflationary pressures.

“I think the MPC has always reiterated that their main objective is to address inflationary pressures and ensure price stability. As such, if inflation continues to trend up, the MPC may likely continue to sustain its hawkish stance to rein in inflation,” Ehinmosan noted.

Meanwhile, Charlie Robertson of FIM Partners UK Ltd expects no rate change, citing fragile confidence in the naira as a potential reason for caution.

The CBN has ramped up its use of Open Market Operations (OMO) to manage liquidity. In the first nine months of 2024, it sold N7.6 trillion in OMO bills, compared to just N150 billion during the same period in 2023. This tool has been critical in mopping up excess liquidity and supporting exchange rate stability. Ayodele Akinwunmi of FSDH Merchant Bank noted that this aggressive strategy aligns with the CBN’s objectives to stabilize inflation and the naira.

The Last Hike in Sight?

While a rate increase is widely expected, analysts like Khan believe the November hike could mark the end of the current tightening cycle. “The cumulative effect of earlier tightening is likely still working its way through the economy,” she explained.

Nigeria’s economic reforms under President Bola Tinubu, including fuel subsidy removal and foreign exchange liberalization, have compounded inflation but also laid the groundwork for long-term structural improvements. Many, including the International Monetary Fund (IMF), have noted that the impact of these reforms, alongside the CBN’s monetary tightening, will be critical in shaping Nigeria’s economic trajectory in the coming years.

For consumers and businesses, the likely hike means higher borrowing costs, which could dampen investments. However, the overall effectiveness of these policies in a supply-driven inflationary environment remains a topic of debate.

The Fashion Wearable Space Has a Space Invader

By
TI Partners
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0

The beloved 1978 arcade game, Space Invaders, has a new place in popular culture thanks to the launch of a new branded smartwatch. Unveiled on Kickstarter, the My Play Watch takes inspiration from the iconic arcade game that captivated gaming enthusiasts in the 1970s and 80s with its space-age, alien-themed design.

Introducing the Space Invaders franchise

This iconic video game has worked very hard to ensure that it won’t be forgotten by today’s gamers. January 2018 was its most recent release, with Space Invaders Gigamax made available on the Nintendo Switch as well as the PlayStation 4. It was the first Space Invaders game to allow up to ten gamers to play simultaneously. More recently, the Space Invaders franchise has entered the world of iGaming, with a Space Invaders-licensed title becoming one of the go-to slingo games in the UK market, which is a fusion of bingo and slot machine dynamics.

Now, the Space Invaders brand is moving into the fashion wearable market, offering a fun and quirky alternative to premium smartwatches. With its playful design and accessible price point of just $60, it provides a unique and budget-friendly option for fans.

All there is to know about My Play Watch

This Space Invaders-inspired watch was designed and developed in collaboration with TAITO, the founders of the Space Invaders arcade cabinet game, and Floor 84 Studio. The smartwatch reimagines the iconic game for the wearable tech era. The device is fitted with a touchscreen of 1.86” in size. There are game-specific controls, which help to deliver gaming mechanics aligned with the original arcade version.

In fact, there’s a lot of the game which stays faithful to the O.G. title. This includes the world-renowned soundtrack and the visual effects. All of which have been given a little tailoring for a wrist-sized gaming experience.

Although the ability to play Space Invaders on the smartwatch is a huge perk for nostalgia-induced gamers, the device also offers fitness tracking and can monitor your heart rate on the go. It also includes all the essential smartwatch features you’d expect from a modern wearable device.

In terms of its design, it’s certainly something you won’t miss on your wrist. It can be purchased in bright red, yellow, or blue. This will appeal greatly to the retro gaming community, as well as those who are into their bespoke wearable technology.

How big is the fashion wearable tech market?

The My Play Watch underlines the growing popularity of the fashion wearable tech marketplace, which was valued at approximately $195 billion last year. It’s also projected to grow to almost $529 billion by the turn of the next decade. This equates to a rather hefty compound annual growth rate (CAGR) of more than 15%, demonstrating the increasing demand from consumers for devices which fuse functionality with fashion sense.

The fashion wearable tech space encompasses a raft of devices, not just smartwatches. It also features fitness trackers, augmented reality (AR)-driven glasses, and smart clothing. All of these have been driven by technological advancements, increasing health consciousness, and innovations in the Internet of Things (IoT) environment. Further investment in materials and battery technology should drive adoption even further.

Next Crypto to Explode: Top Picks Ready to Dethrone Bitcoin and Ethereum in 2025

By
TI Partners
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0

For several years Bitcoin and Ethereum have been retaining their top positions in the crypto market. However, as the crypto world continues to evolve unpredictably, several cryptocurrencies are emerging as strong competitors. Thus, many investors wonder which crypto has the potential to dethrone Ethereum and Bitcoin in 2025. Wondering about the same?

In this article, we’ve listed some top picks that could be the next crypto to explode in 2025. The curated list includes promising projects, led by Aureal One (DLUME) – innovative blockchain technology, DexBoss (DEBO), 5thScape (5SCAPE) and others. Explore them in detail, and depose the crypto kings.

Next Crypto to Explode

  1. Aureal One (DLUME)
  2. DexBoss (DEBO)
  3. 5thScape (5SCAPE)
  4. Flokerz (FLOCK)
  5. Qubetic (TICS)

Cryptocurrency investments require extensive research. Figuring out the next crypto to explode in 2025 might be a challenging task for new investors and seasonal traders. Here are some of our top picks that will guide you along the way. Focus on each listed project’s potential and make a profitable move.

1.   Aureal One ( DLUME)

Empower the future of gaming and metaverse with Aureal One’s DLUME token. Aureal One is the first metaverse blockchain network, the next crypto to explode in 2025. Day by day the gaming industry is booming rapidly in the digital world. Integration of games into the blockchain network provides opportunities for gamers to delight in transparency. Other blockchains that are in the market leave the investors behind to suffer from low-speed performance and high transaction fees. To overcome these hindrances, Aureal One is designed with dedicated blockchain technology.

Click here to know more about Aureal One

Scalability always matters in crypto. Aureal One is designed with the powerful Zero-Knowledge Rollups technology. It is a cutting-edge layer 2 scaling design, offering near-zero transaction fees, thousands of transactions per second, and instant transactions with robust security. What’s special in Aureal One? Aureal One includes two ravishing ecosystems in its lineup. Darklume and Clash of Tiles. Darklume is a metaverse platform where you can create, interact, and trade your assets fully in a decentralized environment. Clash of Tiles is a strategic game of Aureal One. Here, you can deploy your cryptocurrencies and stock up on the virtual tiles for massive gains in the future. An array of projects are set to come soon within the ecosystem. Stay tuned.

The initial presale phase of Aureal One is Live. Purchase DLUME tokens at a low cost in the initial phase and gain huge returns in the nearing year. The price per DLUME token in the presale is $0.00428082. Upon listing on the exchanges, it may rise to $0.01. Early adopters can join the hands.

2.   DexBoss (DEBO)

Every industry trend has a massive rise in the crypto market. Decentralized Finance is not an exception. However, the existing DeFi platform has enormous hurdles like complexity, high transaction fees, limited crypto supply, liquidity, and slow performance. To overcome all these mind-blocking barriers, DexBoss comes into the play.

DexBoss is one of the top crypto projects that might be the next crypto to explode in the market. It is an advanced Decentralized Finance (DeFi) platform that addresses the existing lags in the market and is enhanced accordingly. It bridges the gap between the traditional and decentralized crypto networks. The native token of DexBoss is DEBO. The initial presale phase of the DEBO coin starts at $0.01 and is expected with  massive gains of 15x return upon listing. Thanks to the deflationary mechanism for increasing the holders’ token value.

3.   5thScape (5SCAPE)

5thScape is the top next crypto to explode in our list. Are you a gamer? Enjoy the visual treat with 5thScape. 5thScape is the gateway for the VR world. This dynamic blockchain technology is designed with unique attributes and key features to interact with digital content like premium VR games.

It is a decentralized blockchain technology that supports secure and transparent digital transactions within the VR gaming environment. This cutting-edge VR gaming platform bundles 3D VR games like MMA, Thrust Hunter, and more. Enjoy the wide range of 3D games with VR headsets and VR chairs for comfort gaming. But to get more access, you need to purchase 5thScape’s native token 5SCAPE. It’s the key to entering the VR gaming world. The presale phase of the 5SCAPE token is live in the market. The token value starts at $0.00433. The market capitalization of 52.11 million. Upon listing on the exchanges, the value may rise to $0.01 per token. Plot your seat to dive into the VR world.

4.   Flokerz (FLOCK)

Flokerz is one of the top picks for the next crypto to explode in 2025. This crypto project has set a unique spot in the crypto market. It is a vote-to-earn meme coin platform, where you can cast your vote to earn more FLOCK tokens. It is a redefined decentralized platform, offering power to the coin holders to shape the project. Active participants will be rewarded with more tokens in the future.

The native currency of Flokerz is FLOCK. The presale phase of the FLOCK token is live in the market. The presale value per token is $0.0058394, eventually it will increase upon listing on the exchanges. Currently, it has reached over $ 2.5 million milestones.

5.   Qubetics (TICS)

Qubetics, a groundbreaking blockchain platform, integrates the QubeQode Development environment. This enables the users to create and deploy applications in the crypto environment. To develop a streamlined process, it leverages AI-driven components. It is the first crypto environment that features a decentralized VPN to enhance privacy, security, and accessibility to unrestricted internet. The peer-to-peer network leverages blockchain technology, offering unparalleled transparency, and resistance to its censorship.

TICS is the native currency of Qubetics. Currently, the token is in the presale phase 9 pricing at $0.023. Upon listing, there will be potential gains for the investors.

Conclusion

As the crypto market is ready for the bull run, several crypto projects are building their winning momentum. Based on our market research, the above-mentioned cryptocurrencies will be the next cryptos to explode in 2025. Though each project has a unique blockchain technology, Aureal One takes the crown due to its substantial growth, strong roadmap, and low token value. Currently, Aureal One’s DLUME token is priced at $0.00428082. Don’t miss out on your chance.  Investors who are looking for huge returns must opt for Aureal One. Invest in and get multiple rewards, massive gains are ahead of the year.

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