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Home Blog Page 3438

Beyond Levies, Nigeria Needs to Grow Capital to Advance

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Nigeria continues to innovate in one area we have been great at: taxation, and collection of fees and levies. And if you check our track record, you will see many ironies. A few years ago, Nigeria would pay you for remitting money to the country via the N5 bonus for every $1 diaspora remittance. Today, you get taxed or levied for sending money to the country!

More money does not advance nations if they do not find ways to create more capital. Some of these levies generate more money but stunt the growth and development of capital. Nigeria will not advance until we can grow capital, irrespective of how much money we generate via levies and taxes.

Vodafone Signs $1.5 Billion Deal With Microsoft to Bring AI, Cloud And IoT to Millions of Businesses and Consumers

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Giant Telecommunications company Vodafone has signed a 10-year $1.5 billion partnership deal with Microsoft, to offer scaled digital platforms to more than 300 million businesses, public sector organizations, and consumers across Europe and Africa.

Through this partnership, both companies will collaborate to transform Vodafone’s customer experience using Microsoft’s generative AI; hyperscale Vodafone’s leading managed IoT connectivity platform; develop new digital and financial services for businesses, particularly SMEs across Europe and Africa; and overhaul its global data center cloud strategy.

Vodafone will invest $1.5 billion over the next 10 years in cloud and customer-focused AI services developed in conjunction with Microsoft. Also, Microsoft will use Vodafone’s fixed and mobile connectivity services.

Additionally, Microsoft intends to invest in Vodafone’s managed IoT connectivity platform, which will become a separate, standalone business by April 2024. The new company will attract new partners and customers, driving growth in applications and expanding the platform to connect more devices, vehicles and machines.

The digital services generated by the new partnership will use the latest generative AI technology to provide a highly personalized and differentiated customer experience across multiple channels. They will be built on unbiased and ethical privacy and security policies under Vodafone’s established framework for responsible AI.

Speaking on the partnership, Vodafone Group chief executive, Margherita Della Valle said,

Today, Vodafone has made a bold commitment to the digital future of Europe and Africa. This unique strategic partnership with Microsoft will accelerate the digital transformation of our business customers, particularly small and medium-sized companies, and step up the quality of customer experience for consumers”.

Also speaking on the partnership deal, Chairman and CEO of Microsoft Satya Nadella said,

This new generation of AI will unlock massive new opportunities for every organization and every industry around the world. We are delighted that together with Vodafone we will apply the latest cloud and AI technology to enhance the customer experience of hundreds of millions of people and businesses across Africa and Europe, build new products and services, and accelerate the company’s transition to the cloud.”

Both companies noted that they have identified five key areas of collaboration which include Generative AI, Scaling IoT, Africa Digital Acceleration, Enterprise Growth, and Cloud Transformation.

Through African digital acceleration, Microsoft disclosed its intention to help further scale M-Pesa, Africa’s largest financial technology platform, by housing it on Azure and enabling the launch of new cloud-native applications.

Notably, Microsoft and Vodafone are also launching a purpose-led program that seeks to enrich the lives of 100 million consumers and 1 million SMEs across the African continent.

The goal is to enhance digital literacy, skilling and youth outreach programs, as well as offer digital services to the underserved SME market.

Have you been paid by Apple on the batterygate suit yet?

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An Apple logo is seen at the entrance of an Apple Store in downtown Brussels, Belgium March 10, 2016. REUTERS/Yves Herman/File Photo

In 2018, a class action on what is now referred to as “the batterygate suit” was filed by some iPhone users against Apple Inc. on the grounds that Apple deliberately slowed down their older version of iPhones in making updates to its iOS mobile platform and made the batteries of its older iPhones die quicker. Apple Inc. always does this whenever they release a new version of an iPhone or any other product like MacBook or iWatch in order to force the users of the older version to discard the old products and jump on the newest version so as for them to boost the sales of the new release. 

This act of Apple Inc. has been condemned serially by both its users and even the court. Some of the users decided that they had had enough of Apple’s tricks and took Apple to court over this. 

A total of 3.3 million iPhone users who used iPhone 6, 6 Plus, 6s, 6s Plus and SE users running iOS 10.2.1 or later and iPhone 7 and 7 Plus users running iOS 11.2 joined submitted claims to have experienced this and they joined the class action against Apple Inc. There was an open call to millions of Apple users worldwide who may have experienced this to submit their claim and join the class action on or before 21 December 2017 but only 3.3 million users yielded to the call and submitted their claim before the 21 December 2017 deadline. 

Apple Inc. opted out of settlement instead of dragging the matter in court. They agreed to pay all the 3.3 million users who submitted their claims and joined the class action. Apple, while agreeing to the million-dollar settlement, denied the charge and claimed that its reason for reducing the performance of its older iPhones was not to hide battery defects, but rather was designed to prolong the lifespan of those devices. They also issued the disclaimer that the settlement is not an admission of wrongdoing or guilt by Apple Inc.

Each of the 3.3 million users that joined the class action is entitled to a share of $92.17 from the total settlement and most of the users, even Nigerians have received theirs. 

If you are one of those who filed a claim against Apple Inc. and joined the class action in 2017, you are entitled to your own share of $92.17. You ought to have already been paid. 

Why Investors Feeling Bullish With Algorand (ALGO) and Option2Trade (O2T). O2T On Track to Raise $2,000,000 by Q2

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In the highly volatile landscape of cryptocurrency and investment opportunities, certain blockchain projects and trading platforms have captured the attention of investors seeking 100X returns. Algorand (ALGO) and Option2Trade (O2T) have emerged as torch-bearers, sparking optimism and enthusiasm within the investor community. 

In this article, we will discuss the key factors fueling the bullish sentiment surrounding Algorand (ALGO) and Option2Trade (O2T), exploring the unique attributes that have positioned them as attractive assets. Additionally, we shed light on Option2Trade’s (O2T) ambitious fundraising target, signaling a compelling trajectory as it aims to raise an impressive $2,000,000 by the second quarter. 

Why Investors Feeling Bullish With Algorand (ALGO) and Option2Trade (O2T)

Algorand (ALGO) is a decentralized blockchain platform conceived in 2017 by Vitalik Buterin and his team to address common issues in traditional computer networks. Functioning as a secure digital playground, Algorand (ALGO) aims to solve problems related to scalability, security, and decentralization. Option2Trade (O2T) is a licensed global asset exchange platform positioned within a vast international investment community. Distinguished by its comprehensive approach, the platform facilitates a diverse array of trading options, spanning crypto, forex, indices, stocks, and commodities, all consolidated within a unified platform. With a commitment to innovation, Option2Trade (O2T) seeks to redefine the trading landscape by introducing Web3 social trading and advanced AI trading algorithms.

Bullish Potential of Algorand (ALGO) and Option2Trade (O2T)

Algorand (ALGO) has undeniably become a focal point for investors and experts, attracting significant attention and instilling a sense of bullish optimism within the cryptocurrency community. Recent market trends indicate a notable recovery for Algorand (ALGO), with buyers actively pushing the price up by more than 6% in recent days, steering it away from a bearish trajectory. This resurgence has prompted increased interest in cryptocurrency, with technical analysis painting a promising picture for the years ahead.

According to the findings, the technical analysis of Algorand (ALGO) suggests a strong probability of substantial bullish movement between 2025 and 2030. Experts anticipate average prices reaching an impressive $2.7470 during this period, underlining the potential for significant gains. Moreover, some speculative forecasts are even more bullish, hinting that Algorand (ALGO) might reach a new all-time high of $10 or beyond. Such projections contribute to the optimism surrounding Algorand’s (ALGO) future performance.

Besides Algorand (ALGO), investors and traders appear to be riding the wave of positivity for Option2Trade (O2T). Even though in the pre-launch stage, various analyses indicate that Option2Trade (O2T) will gain the bulls’ grasp with a potential return of 100X in the near future. Furthermore, there is a prevailing belief among experts that Option2Trade (O2T) holds a high probability of exponential growth in the long run, presenting it as a potentially lucrative investment opportunity for those willing to navigate the volatile cryptocurrency market by 1000%.

Option2Trade (O2T) On Track to Raise $2,000,000 by Q2

Option2Trade (O2T) stands out as an internationally licensed platform, seamlessly blending artificial intelligence with decentralized finance (defi) and social-fi features. This innovative platform opens diverse trading avenues, enabling participation in alternative markets, including forex, CFDs, stocks, and cryptocurrencies. 

What sets Option2Trade (O2T) apart is its groundbreaking introduction of the “O2T” Crypto token, marking a significant milestone as the first multi-tiered platform provider to integrate a proprietary token. This token plays a key role as a form of liquidity within the Option2Trade (O2T) platform. Additionally, it is designed to accommodate millions in trading volume. Option2Trade’s (O2T) platform contributes to faster peer-to-peer (P2P) trading, offering a comprehensive solution to liquidity challenges.

One of the distinctive features of Option2Trade (O2T) lies in its community-centric approach. The platform facilitates staking opportunities for users, allowing them to delegate tokens and earn rewards. This bolsters security measures and amplifies liquidity, creating a robust and rewarding user experience.

Option2Trade’s forward-thinking team is actively developing decentralized web3 trading solutions, including the innovative Option2Trade (O2T) Swap. This strategic move is geared towards attracting liquidity from other blockchains, thereby expanding the platform’s reach and capabilities. By leveraging web3 technology and blockchain, Option2Trade (O2T) addresses critical concerns in the trading space, fostering enhanced security, transparency, and trust.

The real-life use cases and the help this platform will be doing in the coming years make it so important and a spearheader of modern-day trading. The smart use case scenario makes this project even bigger for the trading and non-trading world. Even though they are in the pre-launching stages, they have generated an immense amount of USD 176,000. With the limited supply and the upward trajectory of sold tokens, experts have predicted that this project will raise at least $2,000,000 by Q2 this year.

For more information on the Option2Trade (O2T) Presale: 

Visit Option2Trade

Join and become a community member: 

https://t.me/O2TOfficial 

https://twitter.com/Option2Trade

Come And Master How To Invest With Tekedia Mini-MBA

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Come over to Tekedia Institute and let us master the mechanics of investing. At Tekedia Mini-MBA, we educate in a pragmatic way. As the stock market in Nigeria continues to accelerate, before you invest, it may be good you have a plan. In our school, we will help you develop one. This is the #best school.

We identify three types of investors in the stock market:

-Growth Investor: you buy low and wait for the value of the company to grow quickly. Say, you came in at N4 per share, and hope it rises to N20.

-Value Picker: they focus on extremely beaten down equities. Think of people who bought some airline stocks at the peak of the covid-19 knowing that everything will be fine one day. Think of John Templeton who bought valueless stocks as World War 11 heated up, holding them, and then became the stock picker of the 20th century.

– Income Chaser: these people do not necessarily care if the value of the stocks they hold go up or not, their major focus is the company’s ability to pay dividends. Most are retired people and they focus on fixed income since they’re no longer working. So, getting dividends will be the only way to run their lives. To do that, they buy companies which pay dividends because they need cash once in a while to operate.

With eminent investment professionals teaching our courses, the veil will be lifted, and you will understand how to deliver alpha. Register today and co-learn with us; class begins Feb 5  .

We have 12 tracks covering most things you need in business, from strategy to technology, innovation to accounting, taxation to operations, etc. Full curriculum here.