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Nigeria Labour Congress (NLC) proposed protest: Right to Protest is a Fundamental Human Right.

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I learnt that the Nigeria Labour Congress (NLC) has declared a two-day nationwide notice slated for 27 and 28 February 2024 to protest against the economic hardship being experienced in the country. This is long overdue, we are all suffering. I have never fully participated in a protest before but I will definitely participate in this and even mobilize more people to join because this is not the Nigeria we want. 

I know from past experiences with the Nigerian government pattern that whenever a nationwide protest is announced law enforcement agencies will be geared up to distort the protest, arrest protesters and even charge some of the arrested protesters to court; they always charge them with disturbance of public peace and destruction of public properties since protesting is not an offence and you cannot charge a protester for exercising his or her fundamental human right. 

For the umpteenth time, we say to the Nigerian government and the security forces that the right to protest is a constitutional right. The right to peaceful protest is guaranteed under section 40 of the Constitution of the Federal Republic of Nigeria 1999 which provides: “Every person shall be entitled to assemble freely and associate with other persons, and in particular he may form or belong to any political party, trade union or any other association for the protection of his interests…”. 

This right is not just a right merely recognized by Nigerian law, it enjoys worldwide recognition. It (the right to protest) is also provided for in the African Charter of Human and Peoples’ Rights. Article 11 of the African Charter on Human and Peoples’ Rights (African Charter) provides thus; “Every individual shall have the right to assemble freely with others…”. 

This fundamental right to protest has been recognized by the Nigerian courts, even the Supreme Court in a plethora of cases . The court has in numerous instances fined security agencies and the Nigerian government for distorting a peaceful protest. 

Enough of the Nigerian government through security forces distorting peaceful protests. They are merely restricting citizens from exercising their constitutional rights. The presence of security forces on protest grounds is merely to provide security for the protesters. The Federal Road Safety Corps are to be there for traffic control, the police officers are to be there to make sure the protest is not hijacked by hoodlums, and the Civil Defense Corp members are to join hands with the police officers and make sure protesters are well protected; anything other than this by the security agencies is tantamount to breaching citizens’ fundamental human right to protest. 

The organizers of these protests on the other hand should make sure that these protests are peaceful. What the constitution permitted in section 40 and article 11 of the African Charter is peaceful protest. Once the protest becomes violent, the security agencies on the ground are permitted by law to make use of force and firepower to quell the protest, arrest the violent protesters and charge them to court.

 

MicroStrategy’s Bitcoin stash is now worth over $10 billion

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As the crypto market continues to soar, one company stands out as the biggest beneficiary of this rally: MicroStrategy (MSTR). The business intelligence firm has accumulated more than 122,000 bitcoins since August 2020, making it the largest corporate holder of the digital asset.

With bitcoin’s price reaching a new all-time high of nearly $53,000 on Friday, MicroStrategy’s bitcoin stash is now worth over $10 billion, according to CoinGecko. This means that the company has made a staggering profit of more than $4 billion in less than two years, as it bought most of its bitcoins at an average price of around $26,000.

MicroStrategy’s bold bet on bitcoin has paid off handsomely, as the company has seen its share price surge by more than 600% since it announced its first bitcoin purchase in August 2020. The company’s market capitalization has also increased from around $1.3 billion to over $9 billion in the same period, making it one of the best-performing stocks in the Nasdaq Composite Index.

According to Bitcoin Treasuries, a website that tracks the bitcoin holdings of public and private companies, there are currently 43 entities that own a total of 1.7 million bitcoins, worth over $90 billion at current prices. Some of the notable names include Tesla (TSLA), Square (SQ), Galaxy Digital (GLXY), and Twitter (TWTR).

However, not everyone is convinced by MicroStrategy’s aggressive approach to bitcoin. Some analysts have warned that the company is exposing itself to too much risk and volatility by putting most of its cash reserves into a single asset class. They have also questioned the sustainability and profitability of MicroStrategy’s core business, which provides software solutions for data analytics and cloud computing.

Moreover, some regulators have expressed concerns about the accounting and disclosure practices of companies that hold large amounts of cryptocurrencies on their balance sheets.

Despite these challenges, MicroStrategy shows no signs of slowing down its bitcoin buying spree. The company recently raised $1 billion through a convertible bond offering, which it plans to use to acquire more bitcoins.

It also announced that it will pay its board of directors in bitcoin instead of cash, becoming the first publicly traded company to do so. As long as bitcoin’s price keeps rising, MicroStrategy will likely continue to reap the rewards of its visionary investment strategy.

MicroStrategy has been leading the way for publicly traded companies to adopt bitcoin as a reserve asset, a trend that has gained momentum in the wake of the pandemic and the unprecedented monetary stimulus measures. The company believes that bitcoin is a superior store of value than fiat currencies, and that it can provide protection against inflation and currency devaluation.

The company’s CEO, Michael Saylor, has been a vocal advocate of bitcoin, and has influenced other prominent figures and institutions to consider investing in the digital asset. He has also hosted educational events and webinars to share his views and insights on bitcoin with the public.

MicroStrategy’s bitcoin buying spree shows no signs of slowing down, as the company continues to allocate more of its cash and debt proceeds to the cryptocurrency. The company has said it intends to acquire more bitcoins over time, subject to market conditions and business needs. It has also pledged to hold its bitcoins for the long term, and not to sell them unless necessary.

Africa needs revolution in Education

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The continent of Africa is home to more than a billion people, with diverse cultures, languages, and histories. Yet, despite its rich potential, Africa faces many challenges in the field of education. According to UNESCO, more than 250 million children and youth in Africa are out of school or at risk of dropping out.

Many of those who do attend school receive poor quality education that does not prepare them for the demands of the 21st century. The COVID-19 pandemic has only exacerbated the situation, disrupting learning for millions of students and threatening to reverse the gains made in recent years.

Africa needs a revolution in education, one that can transform the lives of its people and unleash their full potential. A revolution that can provide access to quality, relevant, and inclusive education for all, regardless of their background, gender, or location.

A revolution that can foster innovation, creativity, and entrepreneurship, and equip learners with the skills and competencies they need to thrive in a rapidly changing world. A revolution that can promote peace, democracy, and human rights, and contribute to the sustainable development of the continent.

How can we achieve this revolution? There is no single answer or solution, but rather a need for collective action and collaboration among all stakeholders: governments, civil society, private sector, academia, media, and most importantly, the learners themselves. We need to rethink the goals, content, methods, and assessment of education in Africa, and align them with the aspirations and realities of the continent.

We need to invest more resources and leverage technology to expand access and improve quality of education in Africa. We need to support teachers and educators as the key agents of change and empower them with the tools and skills they need to deliver effective learning outcomes.

We need to foster a culture of lifelong learning that values curiosity, critical thinking, and problem-solving. We need to celebrate diversity and promote intercultural dialogue and understanding among learners from different backgrounds and contexts.

The revolution in education in Africa is not only possible, but necessary. It is a matter of urgency and priority for the future of the continent and its people. It is a vision that we can all share and work towards. Together, we can make it happen.

Education is a fundamental human right and a key driver of social and economic development. However, in many parts of Africa, access to quality education is still limited by factors such as poverty, conflict, gender inequality, and lack of infrastructure.

The pandemic has also exposed the fragility and inefficiency of the traditional education system, which relies heavily on rote learning, standardized testing, and teacher-centered instruction. These methods are not conducive to fostering creativity, critical thinking, collaboration, and problem-solving skills that are essential for the future of work and society.

Therefore, there is an urgent need for a revolution in education in Africa, one that leverages the power of technology, innovation, and local context to create more inclusive, relevant, and effective learning experiences for all learners. This revolution should be guided by a vision of education that is not only about acquiring knowledge and skills, but also about developing values, attitudes, and behaviors that promote peace, democracy, human rights, and sustainable development.

Some examples of initiatives that are already leading this revolution are:

The African Virtual University (AVU), which provides online courses and degrees to students across Africa, using open educational resources and interactive platforms.

The M-Pesa Foundation Academy, which offers a holistic and personalized education to talented but disadvantaged students in Kenya, using a blended learning model that combines digital tools and project-based learning.

The African Leadership Academy (ALA), which prepares young leaders from across Africa to solve the continent’s most pressing challenges, using a curriculum that emphasizes entrepreneurship, leadership, and African studies.

The Bridge International Academies, which operates low-cost private schools in Kenya, Uganda, Nigeria, Liberia, and India, using a data-driven and standardized approach that ensures quality and accountability.

These initiatives show that the revolution in education in Africa is not only possible, but necessary. It is possible because there are many actors who are committed to making it happen, from governments and donors to civil society and private sector.

It is necessary because it is the only way to ensure that every child and youth in Africa has the opportunity to fulfill their potential and contribute to the development of their communities and countries.

Crypto Traders See 20% Chance of Bitcoin Topping $70K

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Bitcoin has been on a roller coaster ride in the past few months, reaching an all-time high of $52,632 on Feb. 16, then plunging to $51,343 on Feb. 18. The volatility has been driven by a mix of factors, including institutional adoption, regulatory uncertainty, network congestion, and speculative trading.

But what does the future hold for the leading cryptocurrency? According to some crypto traders, there is a 20% chance that bitcoin will surpass $70,000 by the end of April, based on the analysis of options contracts.

Options are derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price and time. By looking at the prices and volumes of different options contracts, traders can gauge the market sentiment and expectations about the future price movements of the underlying asset.

One way to measure the probability of a certain price level being reached is by using the delta of an option contract. Delta is a number between 0 and 1 that represents how much the option price changes in response to a change in the underlying price. For example, a delta of 0.5 means that for every $1 increase in the underlying price, the option price increases by $0.5.

A delta of 0.2 means that for every $1 increase in the underlying price, the option price increases by $0.2. This also implies that there is a 20% chance that the option will expire in the money, meaning that the underlying price will be higher than the strike price at expiration. Conversely, a delta of -0.2 means that there is a 20% chance that the option will expire out of the money, meaning that the underlying price will be lower than the strike price at expiration.

By looking at the delta of bitcoin options contracts with different strike prices and expiration dates, traders can estimate the probability of bitcoin reaching a certain price level by a certain time. For example, according to data from Skew, an analytics platform for crypto derivatives, as of March 10, the delta of a bitcoin call option with a strike price of $70,000 and an expiration date of April 30 was 0.2. This means that there is a 20% chance that bitcoin will be above $70,000 by April 30.

Of course, this is not a definitive prediction, but rather an indication of how the market is pricing in different scenarios. The actual outcome will depend on many factors that are hard to anticipate or quantify, such as supply and demand dynamics, macroeconomic events, technological innovations, and regulatory developments.

However, some traders may use this information to hedge their positions, speculate on future price movements, or create more complex strategies using combinations of different options contracts. For example, a trader who is bullish on bitcoin may buy a call option with a high strike price and a low delta, hoping to profit from a large upside move. A trader who is bearish on bitcoin may sell a call option with a low strike price and a high delta, hoping to profit from a small downside move or no move at all.

Options are one of the many tools that crypto traders can use to express their views and manage their risks in this volatile and unpredictable market. As the crypto space matures and attracts more participants, the options market is likely to grow and become more liquid and efficient, providing more opportunities and challenges for traders.

Vodafone inks deal with RWE for offshore wind energy in Germany

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Vodafone, one of the world’s leading telecommunications companies, has announced a partnership with RWE, Germany’s largest power producer, to purchase renewable electricity from RWE’s offshore wind farms in the North Sea.

The deal, which was signed on February 15, 2024, will enable Vodafone to source 100% of its electricity needs in Germany from RWE’s offshore wind portfolio, which includes the Amrumbank West, Nordsee Ost and Triton Knoll projects. The agreement covers a period of 10 years and is expected to reduce Vodafone’s carbon emissions in Germany by more than 500,000 tonnes per year.

Vodafone’s CEO Nick Read said: “This is a landmark deal for Vodafone and RWE, as well as for the energy transition in Germany. We are proud to support RWE’s ambitious plans to expand its offshore wind capacity and to contribute to the decarbonization of the German economy. As a purpose-led company, we are committed to achieving net zero emissions across our entire operations and value chain by 2040.”

RWE’s CEO Markus Krebber said: “We are delighted to partner with Vodafone, a global leader in digital innovation and sustainability. This deal demonstrates the attractiveness of our offshore wind assets and our ability to offer tailor-made solutions for our customers. We are looking forward to working with Vodafone to deliver clean, reliable and affordable electricity for their operations in Germany.”

The deal is part of Vodafone’s global strategy to switch to 100% renewable electricity by July 2021 and to become a net zero carbon company by 2040. Vodafone is also a founding member of the RE100 initiative, a global coalition of businesses committed to using 100% renewable electricity.

RWE is one of the world’s leading renewable energy companies, with a portfolio of more than 9 gigawatts of installed capacity and a pipeline of more than 18 gigawatts. RWE is also the second-largest operator of offshore wind farms in the world, with a total capacity of 2.5 gigawatts and another 1.4 gigawatts under construction.

Russia has become the world’s second-largest Bitcoin??? and cryptocurrency mining country.

Russia has become the world’s second-largest Bitcoin??? and cryptocurrency mining country, according to a new report by Cambridge University. The report, which tracks the global distribution of Bitcoin mining power, shows that Russia accounts for 20.5% of the total hash rate, behind China’s 65.1% and ahead of the US’s 7.2%.

Bitcoin mining is the process of validating transactions and creating new coins on the Bitcoin network. It requires specialized hardware and a lot of electricity. The hash rate is a measure of how much computing power is being used to mine Bitcoin at any given time. The higher the hash rate, the more secure and profitable the network is.

Russia’s rise in Bitcoin mining is driven by several factors, including its abundant and cheap energy resources, its favorable climate for cooling mining equipment, its supportive regulatory environment, and its growing demand for digital assets.

Russia has some of the lowest electricity prices in the world, averaging around $0.04 per kilowatt-hour (kWh), compared to $0.13 in China and $0.14 in the US. This gives Russian miners a significant cost advantage over their competitors. Moreover, Russia has a surplus of electricity generation capacity, especially in regions with hydroelectric and nuclear power plants, which can be used to power mining farms.

Russia also has a large territory with diverse climatic zones, ranging from the Arctic to the subtropical. This allows miners to choose locations that offer optimal temperatures for cooling their machines, reducing the need for additional cooling systems and saving on energy costs.

For instance, some miners have set up their operations in Siberia, where the average annual temperature is below zero degrees Celsius.

Another factor that contributes to Russia’s Bitcoin mining boom is its relatively friendly legal framework for cryptocurrencies. Unlike some countries that have banned or restricted crypto activities, Russia has adopted a more pragmatic approach, recognizing cryptocurrencies as property and allowing their use for payments and investments.

The Russian government has also expressed interest in developing its own digital currency, the digital ruble, which could coexist with other cryptocurrencies.

Finally, Russia has a growing appetite for digital assets, both among individuals and institutions. According to a recent survey by Finder.com, 9% of Russians own some form of cryptocurrency, compared to 6% in China and 4% in the US.

Moreover, some Russian companies have started to diversify their reserves with Bitcoin, following the example of MicroStrategy and Tesla. For instance, OOO Digital Assets, a subsidiary of Gazprombank Switzerland, announced in December 2020 that it had purchased $40 million worth of Bitcoin for its clients.

Russia has emerged as a major player in the global Bitcoin mining industry, thanks to its favorable conditions and growing demand for cryptocurrencies. As Bitcoin becomes more mainstream and valuable, Russia is likely to continue to increase its share of the mining market and challenge China’s dominance.