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Crypto Investors Embrace Scorpion Casino As A 10x Crypto Amid Shiba Inu and SEI Growth

By
TI Partners
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0

Shiba Inu (SHIB) and Sei (SEI) have been on the uptrend in the cryptocurrency world, with SHIB gaining attention as a prominent meme-based token and SEI impressing with its trading features. However, amidst the volatility and varied forecasts surrounding SHIB and SEI, Scorpion Casino ($SCORP) emerges as a promising alternative for crypto investors. Its recent listing on XT.com, coupled with daily staking rewards and a strong global user base, positions $SCORP as a potential 10x crypto, poised for significant growth and investor interest.

Shiba Inu: Resilience and Growth

Shiba Inu (SHIB) has garnered attention in the world of internet memes, emerging as the second prominent meme-based cryptocurrency. It was created with the intention of following the path laid by Dogecoin, often hailed as the original meme cryptocurrency. Kept afloat by its enthusiastic community, SHIB has experienced an impressive surge, which has been quite captivating to observe. Despite experiencing a substantial decline from its peak, Shiba Inu presents itself as an altcoin with potential for growth, with analysts suggesting that it may reclaim its all-time high (ATH) this year.

Scorpion Casino: A Path to Wealth

Scorpion Casino ($SCORP) has been generating excitement since its arrival over 1.5 years ago, especially following its recent listing on XT.com, known for its unique social integration features. With XT.com boasting a substantial global user base of 7.5 million, $SCORP is poised for significant growth, offering investors broad exposure and the potential for 100x returns.

What sets Scorpion Casino apart is its provision of daily staking rewards, allowing investors to earn passive income from their $SCORP holdings starting from the presale phase. This feature enhances $SCORP’s investment appeal, providing holders with a reliable income stream and setting it apart in the market.

Additionally, the Scorpion Casino presale is heating up with a special presale buy-in competition offering a total prize pool of 10,000 USDT. Running until the end of the month, participants can win by purchasing the most $SCORP Tokens. The top three token buyers will receive prizes as follows: 1st place – 5,000 USDT, 2nd place – 3,000 USDT, and 3rd place – 2,000 USDT. With the presale surpassing the 300 million token mark out of the 480 million available, now is an excellent opportunity to secure your stake in the future of Scorpion Casino and potentially win big.

Sei’s Potential

Sei (SEI) has become a player in the cryptocurrency sphere due to its approach to trading, characterized by its high speed and low transaction costs. Its integration with USDC and the launch of Sei V2 have contributed to its growing popularity. According to some analysts, Sei’s price predictions are not particularly notable, with expectations of reaching $1.66 in 2024 and $2.32 by 2025.

Get the 10x Crypto

While Shiba Inu and Sei have garnered attention, Scorpion Casino emerges as a promising choice for crypto investors looking for a potential 10x crypto. With its recent listing on XT.com, daily staking rewards, and strong global user base, $SCORP presents an intriguing opportunity for growth and investment. As the crypto market evolves, $SCORP’s unique features position it favorably among investors seeking high potential returns.

 

To learn more and invest in the Scorpion Casino presale, visit:

Presale: https://presale.scorpion.casino/

Twitter: https://twitter.com/ScorpionCasino

Telegram: https://t.me/scorpioncasino_official

 

Aba’s 181MW Geometric Power Plant inauguration shifted to Feb 26

By
Samuel Nwite
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1

The highly anticipated inauguration of the 181-megawatt Geometric Power plant, slated to take place in the Osisioma Industrial Layout of Aba, Abia State, has been rescheduled to Monday, February 26, 2024.

Originally set for Saturday, February 24, the delay comes as a result of unforeseen circumstances, according to a statement from the Presidency in Abuja.

President Bola Tinubu, who was expected to officiate the commissioning, will now unveil the plant on the new date. The decision to postpone the event was made in light of unexpected developments, although the specifics of these developments have not been disclosed.

The Geometric Power plant, described as the largest investment in the Southeast region of Nigeria, represents a significant milestone in the nation’s quest for reliable electricity supply. With a capacity of 181 megawatts, the thermal plant is poised to address the chronic power deficit experienced in the area.

Reacting to the rescheduling, energy consultant Engineer Cliff Eneh remarked, “A 48-hour difference is not significant. We are proud of the support the Federal Government has of late been giving to the Geometric Power integrated company.”

The integrated power project undertaken by Geometric Power involves substantial investment, totaling approximately $800 million. This includes the construction of a 27-kilometer natural gas pipeline from Owaza in Ukwa West LGA to the Osisioma Industrial Layout in Aba. Additionally, the company has installed 150,000 kilometers of cables and wires, along with constructing four new power substations and refurbishing three others inherited from the defunct Power Holding Company of Nigeria (PHCN).

Ben Caven, Managing Director of Geometric Power Ltd. and former NEPA Executive Director, emphasized the scale of the project, stating, “We have made significant strides in enhancing the power infrastructure in Abia State.”

Patrick Umeh, a former executive with the Los Angeles Water and Light, praised the infrastructure deployed by Geometric Power, describing the tubular poles in Aba and its environs as unparalleled in Africa. He highlighted their resilience, noting their ability to withstand natural disasters such as earthquakes.

The inception of the Geometric Power Group can be traced back to the visionary leadership of Professor Bart Nnaji, a renowned academic engineer and former Nigerian Minister of Power. Inspired by the pressing need for reliable electricity supply in Aba, Nnaji embarked on the ambitious project following a visit by then World Bank President James Wolfensohn and Nigeria’s Finance Minister Ngozi Okonjo-Iweala in 2004.

Evidently, the state of power supply in Aba and the entire Southeast region of Nigeria has been dire for years. Before the advent of projects like the Geometric Power plant, residents and businesses in Aba and the surrounding areas endured unreliable and insufficient electricity supply.

Chief Alphonsus Udeigbo, President General of the Aba Landlords Protection and Development Association (ALPANDA), lamented the scarcity of electricity, noting that even when available, it was often inadequate to meet the needs of both residential households and industrial operations.

This chronic power deficit has undoubtedly hampered economic growth and industrial development in the region. Without a consistent and robust power supply, businesses struggle to operate efficiently, leading to decreased productivity and competitiveness.

The situation has also deterred potential investors who are wary of the instability caused by unreliable electricity.

Sir Alexander Maduakor, President of the Association of Aba Industrialists, expressed optimism about the impact of the upcoming inauguration.

“The commissioning of the Geometric Power plant will herald a new era not only for Aba and Abia State but for the entire nation,” he said.

As anticipation builds for the rescheduled inauguration on Monday, February 26, stakeholders remain hopeful that the Geometric Power plant will usher in a transformative era of reliable electricity supply, driving economic growth and industrial development in the region.

Risks of recession in Germany are growing

By
Paul Ugbede Godwin
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0

Germany, Europe’s economic powerhouse, is facing significant challenges that have prompted economists to label it the “sick man of Europe.” The country’s famed economic model, which once drove strong growth for over two decades, is now faltering. Let’s delve into the factors contributing to Germany’s economic struggles.

Germany is on track for its first two-year recession since the early 2000s after its economy shrank in 2023 amid the impact of higher energy costs and weaker industrial demand. The German national statistics office said “multiple crises” affecting the economy had contributed to a 0.3% fall in gross domestic product (GDP) in 2023, compared with the previous year, as higher interest rates and elevated living costs took their toll.

Energy Costs and Weaker Industrial Demand: In 2023, Germany’s economy shrank by 0.3%, marking the first contraction since the early 2000s. Higher energy costs and weaker industrial demand played a significant role in this decline. The impact of elevated living costs and higher interest rates took a toll on economic growth.

Long-Term Issues: Beyond circumstantial factors, longer-term structural issues are affecting Germany’s efficiency. Ageing Population: Rapidly ageing demographics pose challenges for sustained growth. Infrastructure Investment: Lack of recent major investment in infrastructure hampers productivity.

Corporate Tax Rates: High corporate tax rates affect competitiveness. Electric Car Market Competition: China’s growing presence in the electric car market threatens German automakers.

Despite recent price declines, prices remained high at all stages in the economic process and put a damper on economic growth. The German economy did not continue its recovery from the sharp economic slump experienced in the pandemic year of 2020.

Germany’s economy was 0.7% higher in 2023 than in 2019, the year before the pandemic began. However, analysts said Europe’s largest economy was on track for another year of stagnant growth in 2024 at best, with a heightened risk of a second consecutive year of negative output.

Carsten Brzeski, the global head of macro research at the Dutch bank ING, said: “There is no imminent rebound in sight and the economy looks set to go through the first two-year recession since the early 2000s. We expect the current state of stagnation and shallow recession to continue. In fact, the risk that 2024 will be another year of recession is high.”

Germany’s dominant industrial base, excluding construction, fell by 2% over the course of the year, as higher energy costs and dwindling demand at home and from abroad weighed on factory output. Reflecting the impact of higher energy bills and borrowing costs on consumers, household consumption fell 0.8% on the previous year, while government spending fell 1.7%.

As well as having one of the worst performances among advanced economies last year, Germany is expected to experience one of the weakest performers in 2024, with EU forecasts published in November predicting growth of 0.8%. Experts said the country’s economy was in “permanent crisis mode” as supply chain frictions, persistent inflationary pressures, weaker global demand for manufactured goods, and higher interest rates weighed on national output.

The IMF has predicted that Germany will be the weakest of the world’s advanced economies, shrinking by 0.1% this year. Rising prices have dampened demand from households and businesses in Europe’s largest economy.

Nigerian Digital Bank Fairmoney in Talks to Acquire Umba in an all-Stock Deal Totaling $20 Million

By
Ojukwu Emmanuel
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0

Nigerian digital bank that offers loans to customers, Fairmoney, is currently in talks to acquire one of the fastest-growing neobanks in Africa, Umba, in a $20 Million All-stock deal.

Sources familiar with the deal disclose that acquisition negotiations are still ongoing, however, neither Fairmoney nor Umba has given any detail about the deal.

The move signals FairMoney’s interest in growing its customer base by expanding into more countries. Also, the acquisition will enable FairMoney to expand on Umba’s existing infrastructure.

FairMoney, best known for its lending services in Nigeria, has been looking for more avenues for expansion. Launched as a digital lender in Nigeria six years ago, the startup has also been expanding its product.

Since then, it has added other financial services, such as debit cards, transfers, and payments, with over six million retail customers. FairMoney offers a range of digital financial products including, near-instant digital loans 24/7, investment products, savings, payments, and cards directly via its mobile app.

According to the company, it disclosed that the app is the number 1 most downloaded fintech app in Nigeria. With over 10,000 daily loan disbursements, and over 5 million users enjoying banking, savings, and investment services, FairMoney helps the average Nigerian access finance tools to take control of both their life and their finances.

FairMoney is building the leading mobile bank for emerging markets, bringing financial inclusion to the underbanked people. The startup goal is to rebuild Africa’s money story by offering Tier 1 digital financial services to merchants and consumers alike.

The startup is backed by international investors and has raised a total of $89.9M in funding, to support our development.

On the other hand, Umba is reported to be one of the fastest-growing neobanks in Africa which offers free bank accounts and a suite of financial services including small loans to their customers all from a mobile app.

The digital bank, which was founded by Tiernan Kennedy and former Munster rugby player Barry O’Mahony, offers a transparent and accessible digital financial service alternative to legacy African banks. Customers can spend, pay bills, get loans, and earn cashback all from their phones.

In 2020 as Umba’s growth accelerated during the global pandemic, they needed an identity verification solution that could scale rapidly while preventing fraud. With the goal to build a premier pan-African neobank, they needed to be a step ahead on compliance and work closely with regulators which saw the company partner with SmileID.

Umba provides an ecosystem of connected financial services that allows the customer complete control of their finances all in one App. The startup believes in the power of financial inclusion to drive economic growth.

As a leading digital bank, Umba is  committed to providing innovative solutions that empower both employers and employees to achieve financial stability and reach their full potential.

The digital platform offers seamless access to a wide range of banking services, including account management, payments, loans, savings, and more. Umba leverages technology and data-driven insights to streamline processes and make banking faster, smarter, and more convenient than ever before.

With its extensive network and expertise, the startup is well-positioned to support our customers at every stage of their journey.

The Nigeria’s Evolving Lost Decade

By
Ndubuisi Ekekwe
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1

First, the elections are over, and that means we can have a conversation on the economic state of Nigeria. I try to use my feed to provide what I think is an unbiased and balanced perspective, for the good of our nation.

Yes, I maintain that APC is causing Nigeria a lost decade and I have data to make my case. It has nothing to do with any person. I am simply looking at hard data.

Good People, check the plot of Nigeria per capita income since 1999; they stopped the trajectory when they came in. For years, even in the depth of the Great Recession of 2007/ 2008, Nigeria was growing the GNI per capita. But somehow, a team came and the slope froze. This is not to say that PDP was better, but if you look at comparative time periods, PDP has outperformed in all categories.

I posit and I believe this: if GEJ had won reelection in 2015, that curve would not have fallen, and that does imply that Leadership is a key component of Nigeria’s problems. 

If you do not agree with my thesis, share your own data and let us have a debate.

*Data from World Bank

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