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Home Blog Page 3785

Nigerian Banks, You Cannot Use That Profit!

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This is a very thoughtful policy from Nigeria’s apex bank. Yes, ‘Nigeria’s central bank instructed the nation’s lenders to divert windfall currency revaluation gains into buffers against future losses, following the devaluation of the naira earlier this year.

“Banks are required to exercise utmost prudence and set aside the foreign currency revaluation gains as a counter-cyclical buffer to cushion any future movements in FX rates,” the Abuja-based Central Bank of Nigeria said in a circular to lenders. “Banks shall not utilize such FX revaluation gains to pay dividend or meet operating expenses,” it said.’

Wisdom. Why? We do not want to privatize success only to socialize losses. Yes, if the switch should move to the other side and bank’s suddenly see losses, they may suddenly need governments to bail them out after they have partied with this “vapour” profit.

Banks, keep that money because “echi di ime” {tomorrow is pregnant} as they say in the Igbo Nation.

Securing Mohbad’s Legacy and His Intellectual Property Rights

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As an intellectual property lawyer, by default, the first thing that I thought of immediately after I learnt of the death of Mr. Ilerioluwa Oladimeji Aloba Aka Mohbad is who will now own and control the royalties and the revenues generated from the music of the late singer and who will now earn the royalties from every other of his intellectual properties. 

According to records available, the singer before his death released two albums and quite a number of singles, most of which were global hits and have generated a lot of revenues and will continue to generate a lot of revenue from streamings and licensing even after his death. 

The first album was released whilst he was signed to Marlian Music. So legally speaking, the royalties and revenues generated by that first album and every other single track he released while he was signed to that label will be owned by the label unless there was a contract stating otherwise. In fact, if you read or check ownership of the album on music streaming platforms, it is clearly written that the singer’s previous record label owns the album. This is mostly the case when an artiste is signed to a record label, every song or album the artiste released whilst under the management of that label becomes the property of the label unless there is a contract stating otherwise. 

The subsequent album and other singles he released after he broke out from Marlian Music and formed his own record label, “Imolenization” will be owned solely by him. 

Why is this legal analysis important!

It is important because according to research, in the first month after the death of an artiste, the songs of the artiste peak and generate high numbers of revenues through streaming. In fact, as I type this, 3 of the late singer’s songs just ranked in the top 10 music on streaming platforms in Nigeria barely 24 hours after his death.  

It is even on record that some artists make more money from their songs after they have died than when they were alive. Music and other intellectual properties of an artiste or an entertainer are immortal, it does not die with the creator, so it outlives the creators and will keep generating money decades or even centuries after the death of its creator. The late singer’s songs will keep generating money as much as it is good music. So determining who will control that revenue after the death of the artiste is quite important at this point. 

For instance, the legendary Fela who died some decades ago, his songs still generate millions of naira annually from streaming, synching and licensing. The royalties generated from Fela’s music were initially administered as part of Fela’s estate until the rights to his songs were acquired. 

It is heartbreaking that some artiste after their death the family members they left behind become destitute and wretched because they are ignorant of the fact that they could live comfortably by feeding from the legacy that was left behind. The mother of the late Dagrin complained some months ago that the family of Dagrin has never gotten a dime from the royalties and revenues that Dagrin’s music generated after his death. She disclosed that she has been struggling to feed since her son, Dagrin who was the breadwinner died. This got some of us worried because if you have an idea of how the music earnings and revenues work you will know that someone somewhere is feeding on their ignorance and definitely chopping the money generated from Dagrin’s music without the Knowledge of Dagrin’s family.

I wish Mohbad peace and I send my condolences to the family members. I advise that they should quickly secure the legacy, royalties and streaming earnings from Mohbad’s music. 

They will need to consult a lawyer or a music consultant. 

Fastest Online Casinos Available in the USA

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In the fast-paced world of online gambling, players are not only looking for the thrill of the game but also the speed of transactions. The ability to access winnings quickly is a significant factor in choosing an online casino. For players in the USA, several casinos stand out for their swift withdrawal processes. Let’s dive into the world of the fastest online casinos available in the USA.

1. The Importance of Fast Withdrawals

In the age of instant gratification, waiting for days to access your winnings can be frustrating. Fast withdrawals:

  • Boost Trust: Quick payouts indicate a casino’s reliability and financial stability.
  • Enhance Player Experience: Seamless transactions contribute to a positive gaming experience.
  • Offer Convenience: In emergencies or impromptu situations, having quick access to your funds can be invaluable.

2. Factors Influencing Withdrawal Speeds

Several factors can affect the speed of casino withdrawals:

  • Payment Methods: While e-wallets might offer instant transfers, traditional methods like bank transfers can take several days.
  • Verification Processes: Casinos often require identity verification before processing large withdrawals, ensuring security but sometimes delaying the process.
  • Casino Policies: Some casinos have in-built pending periods before they process withdrawals.

3. Top Fast Withdrawal Casinos in the USA

For players seeking the fastest withdrawal times, here are some top recommendations:

  • Las Atlantis: A modern online casino known for its vast game selection and rapid e-wallet withdrawal options.
  • Wild Casino: With a diverse range of games, this casino offers swift withdrawal times, especially for cryptocurrency transactions.
  • Stake: A crypto-focused casino, Stake offers almost instantaneous withdrawals when using cryptocurrencies like Bitcoin.
  • Super Slots: This casino stands out for its user-friendly interface and quick e-wallet withdrawal options.
  • Bovada: A well-established name in the online gambling industry, Bovada offers fast payouts, especially for those using Bitcoin.

For a more comprehensive overview, this list covers the top instant withdrawal casinos in the USA.

4. The Role of Technology in Speeding Up Transactions

Advancements in technology have played a pivotal role in expediting casino transactions:

  • Blockchain and Cryptocurrencies: Cryptocurrencies like Bitcoin offer almost instantaneous transactions, with the added benefit of anonymity.
  • Integration with E-Wallets: Direct integrations allow for quicker processing times compared to third-party processors.

5. Tips for Ensuring Faster Withdrawals

To ensure you experience the fastest withdrawal times:

  • Verify Your Account Early: Complete any required verification processes when you create your account, rather than waiting until you make a withdrawal.
  • Choose the Right Payment Method: E-wallets and cryptocurrencies typically offer the fastest withdrawal times.
  • Stay Informed: Platforms like USACasinos247 can help you stay updated on the latest in fast withdrawal casinos. If you’re keen to get your withdrawals credited instantly, it’s a resource worth bookmarking.

6. Potential Drawbacks of Fast Withdrawals

While fast withdrawals are generally positive, there are potential drawbacks:

  • Fees: Some casinos might charge fees for expedited withdrawals.
  • Limits: There might be limits on how much you can withdraw instantly, with larger amounts requiring longer processing times.

Conclusion

The speed of withdrawals is a testament to an online casino’s commitment to offering a seamless player experience. For players in the USA, several options provide swift access to winnings. By staying informed and understanding the nuances of the withdrawal process, you can ensure that you enjoy not just the thrill of the game, but also the joy of swift, hassle-free transactions.

Pick Tekedia logos, be creative, and design whatever you admire!

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What is a brand? What could go wrong if you publish a kit which anyone can use to print your logo on a diary, t-shirt, hoodie, etc? Rethink modern branding because most times, we’re too tight to allow the brand to get air. Yes, you want to over-protect and in the process, you suck oxygen out of the brand.

Pick our logos, be creative, and design whatever you admire. And if you are kind, share the outcome. We trust that you will put us in a good light because we do nice things.

I want to see new designs on shirts, diaries, etc – make them the best because we’re the best. When done, many are there to buy them from you. Begin your Tekedia creation on the brand many young people like to have on their t-shirts, diaries, etc . #CreativeBrandng

Advice for Nigerian Software Devs. from a Recruiter.

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No. The recruiter isn’t me!

So I’m there. I’m having a video chat with Chioma.

I’ve known Chioma for a while. She used to handle technical roles for companies in Nigeria like 21st Century, MTN, American Towers, Medallion, Rackcenter, Main One Cable and the like.

Increasingly, she began to find more and more people asking about phone app design, so she gradually began balancing her black book of hardware and network configuration experts to include people with coding skills.

She was trying to feel me out for business opportunities, but I was more interested in signposts to junior partners capable of joining the journey and doing some heavy lifting – not employees or contractors.

That was going nowhere, and as usual, when one hasn’t spoken to someone familiar for some time, then the conversation starts to drift to other things.

One of the things she said was about first impressions from LinkedIn.

She said that people just aren’t careful about content, particularly visual content.

I know people want to get attention to pump the stats, she said. But providing too much visual content about yourself makes it more difficult to have a first impression to create later, for an interview situation.

I asked her if she meant dress style, and she said no.

Those who code work remotely a lot of the time, or as freelancers. It’s common to find people in their normal home-clothes or ‘glad rags’, so we don’t expect to find them on LinkedIn pictures like catwalk kings and queens. Their dress style doesn’t really matter.

Well, what sort of stuff can you see in LinkedIn content that raises questions?

Chioma: Mostly it is when people try to use images of possessions or surroundings to create an impression.

We want to become impressed by the product from your head, not by what you are surrounded by.

For example, we don’t need to see what type of phone a candidate has. This is just a distraction. It offers something else an opinion can be formed about, which doesn’t help showcase the candidates talent.

Have you noticed a gender bias across different types of distracting possessions or surroundings?

Chioma ; Yes. Men are far more likely to pose in front of a vehicle. Young women do it too, but less.

Young women more often stand in front of the gate to an expensive property, or the front of an expensive property.

It is as if there is this deliberate effort to create this impression of affluence and business success.

Those hoping to become our people don’t need to sell us a story of them enjoying and being buoyant. We only need to know they are hungry enough for the work, and will code efficiently without taking time.

Any other kinds of pictures you find strange Chioma?

Chioma: Definitely, pictures taken in, or in front of planes.

It is as if there is this huge desire to create this image of living the ‘high life’ , surrounded by fine things, and being highly mobile. This is more the image of a high fee international management and sales consultant.

You don’t expect imagery of jets and fancy cars associated closely with salaried or freelance coders.

The stereotypical image of the coder is someone who hides out in their ‘den’ for days on end without even talking to another human being, and the only evidence of enduring life, is the empty pizza boxes and left over crusts outside the door!

So, the pictures in the posts of yourself you put on LinkedIn need to match the story of yourself as an employee or contractor you are trying to sell someone like me.

If they can’t tell the right story, it is best they tell no story at all.