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Charting MATIC’s Comeback From a Difficult June As Big Eyes Coin & Axie Infinity (AXS) Continue To Display Blockchain Innovation

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Something exciting is continually emerging in blockchain innovation and metaverse-based advancements. Hold on to your meme-loving hats because Warner Music Group has joined forces with Polygon Labs to launch a groundbreaking music accelerator program.

This article will introduce the new Polygons (MATIC) Lab partnership and what this means for innovative competition within the space. This article will also introduce the new project of Big Eyes Coin (BIG) and Axie Infinity (AXS) and what innovations they plan to put to market in the coming weeks.

Polygon Crypto Playlist

Polygon, known for its versatility and scalability, has become a vital player in the crypto space. But why does it exist, you ask? Well, Polygon was established to address the inherent limitations of blockchain technology. It offers a multi-chain ecosystem, providing a bridge between blockchains and enhancing their capabilities. It’s like adding a turbocharger to your favourite meme coin!

Further committing to blockchain-based initiatives, Warner Music Group announced a groundbreaking partnership with Polygon Labs to establish a new music accelerator program. This collaboration aims to bolster decentralized music-related apps and projects built on the Polygon network, expanding the reach of cryptocurrency interest. So, let’s dive into the remarkable innovations of 2023 that have emerged from this venture!

Axie Infinity: Gaming and Crypto Collide

The Axie Infinity crypto gaming platform has transformed how we interact with non-fungible tokens (NFTs) and opened the door to play-to-earn gaming. Axie Infinity immerses millions of players in a virtual universe where real-world rewards can be earned. It’s a win-win situation—play games and make money. Sign me up!

Established in 2017,  Axie Infinity has quickly become a global phenomenon. It provides income-generating opportunities for players worldwide, including those in developing countries. Axie Infinity has made financial empowerment possible through its AXS platform by leveraging blockchain technology. It’s like having your meme coin investments pay off while you embark on exciting virtual adventures!

Big Eyes Coin: An Altcoin Sure Bet

The cute crypto kitty, Big Eyes Coin, is ready to gather its growing community and take a rising star in the crypto galaxy. Why does it exist? With a successful presale, Big Eyes Coin has already secured listings on major exchanges like OKX, Uniswap, and Poloniex. It’s skyrocketing toward its promised ten listings within the next six months! Talk about speed! The team behind Big Eyes Coin is on a mission to put it on the map and establish it as one of the most sought-after cryptocurrencies.

Big Eyes Coin has a solid financial foundation ready to take the crypto world by storm. It has a 24-month plan, including new listings, enhanced marketing strategies, and unprecedented growth potential. The team is committed to safeguarding investor interests and has adopted a prudent approach, waiting until they join more centralized exchanges to ward off potential threats. Safety first, my friends!

But what exactly does Big Eyes Coin offer? Picture this: the Big Eyes Casino, an immersive gaming experience with over 4,000 thrilling games. And guess what? Some games provide play-to-earn options, giving you ample opportunities to win $BIG tokens—the network’s preferred currency. Big Eyes Coin is ready to reign supreme within the casino, boosting its trading volume and propelling it to new heights. It’s like being on a rollercoaster ride, but you have memes and profits instead of butterflies in your stomach!

Compared to Polygon and Axie Infinity, Big Eyes Coin stands out as a unique investment opportunity. It combines the best of both worlds—utility and entertainment. With a focus on creating a vibrant ecosystem and delivering exciting gaming experiences, Big Eyes Coin offers a one-of-a-kind crypto adventure. It’s a meme coin with a purpose and a vision!

 

Check Out The Links Below To Find Out More About Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

Politics and Economics of Nigeria’s Public Examination Fake Results Market

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In Nigeria, public examinations play a critical role in shaping educational pathways and opportunities for individuals. Nigerians are expected to obtain one or more certificates as proof of passing through structured educational systems. Obtaining the certificates is dependent on the owner’s ability to demonstrate thorough understanding of specific concepts and ideas taught to him or her over a specific period of time in order to possess a primary school leaving certificate, a senior secondary school certificate, and a higher score during the Unified Tertiary Matriculation Examinations (UTME) for possible university admission.

According to the West African Examinations Council Results Statistics 2016-2018, there was a significant increase in the number of public students who sat for WAEC in 2018 compared to 2017. The percentage of candidates with 5 or more credits, including Mathematics and English, was 48.15%. In 2018, 109,798 private students took the WAEC, with 47,122 having 5 credits or higher including English Language and 37,184 having 5 credits or higher including Mathematics and English Language.

The West African Senior School Certificate Examination had 1.53 million candidates in 2020, a 3.25% decrease from 2019. Candidates from private and public schools totaled 707,478 and 830,756 respectively. By 2021, the total number of candidates who took the exam was 1.56 million, a 1.42% increase from 2020. Private schools increased 2.01%, while public schools decreased. In 2022, 1,593,278 million candidates, representing 70% of the candidates in the sub-region, were from Nigeria. In 2023, 1,621,853 candidates from 20,851 secondary schools registered for the examination.

Though UTME is not a regional examination like WAEC, these narratives are not quite different for the number of students who register for it each year. The Joint Admissions and Matriculation Board data shows a 4.01% decrease in applications received in 2018 compared to 2017, and a 2.99% decrease in admitted candidates in 2018. In 2022 and 2023, the Board reports a total of 1.8m and 1.6m candidates respectively.

However, recent controversies surrounding fake results in public examinations, such as the case of Ejikeme Mmesoma and the Joint Admissions and Matriculation Board (JAMB), shed light on the intricate web of factors that contribute to the existence and persistence of the fake results market in Nigeria’s political economy. In this piece, our analyst explores the underlying political and economic dynamics that enable the proliferation of fake results in public examinations and its implications for the country’s education system.

Corruption and Examination Malpractice: Nigeria has been grappling with corruption across various sectors, and the education system is not immune. The prevalence of examination malpractice and the production of fake results can be attributed to systemic corruption. The involvement of corrupt officials, examiners, and syndicates in this illicit market thrives due to weak regulatory mechanisms, lack of accountability, and inadequate enforcement of penalties.

High Stakes and Limited Opportunities: Public examinations, such as the Unified Tertiary Matriculation Examination (UTME), serve as gatekeepers for higher education institutions and career prospects. The intense competition for limited slots in universities and job opportunities creates a desperate environment where individuals resort to unethical means to gain an advantage. The pressure to secure high scores drives the demand for fake results, as they are perceived as shortcuts to success in a highly competitive society.

Economic Inequality and Access to Quality Education: Nigeria faces significant economic inequality, with limited access to quality education being a major challenge. The pursuit of education is seen as a means to escape poverty and improve social mobility. However, the prevalence of fake results exacerbates existing disparities by perpetuating an unfair system. Those with financial resources can afford to purchase fake results, while marginalized individuals are left further behind, unable to compete on an equal footing.

Implications for the Education System: The existence of the public examination fake results market undermines the credibility and integrity of Nigeria’s education system. It erodes trust in the assessment process, devalues genuine achievements, and hampers efforts to maintain academic standards. Additionally, it raises concerns about the competence and capabilities of individuals who gained admission or secured employment through fraudulent means, potentially compromising the quality of graduates and professionals.

Addressing the Issue: Addressing the political economy of the public examination fake results market requires a multi-faceted approach. It demands strong political will and commitment from government authorities to tackle corruption, enhance transparency, and strengthen regulatory frameworks. Collaboration between examination bodies, law enforcement agencies, and relevant stakeholders is crucial for effective monitoring, investigation, and prosecution of those involved in the production and distribution of fake results. Additionally, there is a need to improve access to quality education, reduce economic inequality, and create more opportunities to reduce the desperation that drives individuals towards resorting to unethical practices.

The prevalence of fake results in Nigeria’s public examinations is a symptom of broader issues within the country’s political economy. To safeguard the integrity of the education system and ensure a level playing field for all students, it is necessary to address corruption, enhance transparency, and promote equal access to quality education. Only through these concerted efforts can Nigeria build a strong foundation for a fair and merit-based education system that equips individuals with the skills and knowledge needed for a prosperous future.

Empowering Youths with Digital Skills, Innovation and Enterprise: Lessons to Learn from Opolo-ODA Digital Revolution Partnership

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Indigenous communities and organizations are formed principally to protect and promote socio-cultural, economic, political and physical development of the communities which the members hail from. In Nigeria, it is hard to find a town or community without such an organization. This ranges from large ethnic organisations such as Afenifere (Yoruba); Norther Elders’ Forum Hausa/Fulani) or Ohaneze Ndigbo (Igbo). Others may be town based while some of them are diaspora organizations who get together not only to protect their interest but also to assist each other in times of need. What is apparent is that there are as many of these organisations as there are towns and cities in Nigeria. In today’s globally linked world, such associations push programmes such as scholarships; health outreaches and fund raising for the collective progress of their towns or cities.

One of such initiatives that is possible is Osun Development Association’s partnership with Opolo Global Innovation to train 5,000 Osun youths in various digital skills such as product design and management, artificial intelligence, machine learning, digital media management, cyber security and blockchain as well as data science and analytics. For clearer context, the Osun Development Association (ODA) is a non-governmental independent association established for the promotion of non-governmental development initiatives dedicated towards improving the quality of life of the people of Osun State and the development of Osun in general.  The association, formed about 28 years ago, comprises sons and daughters of the state who have excelled in their different callings. By the collaboration with Opolo Global, a social enterprise, whose focus cuts across ideation, incubation, acceleration and development of viable solutions to both local and global issues, is an innovation company that is interested in digital skills, innovation and enterprise. So, with its presence spread across universities in Nigeria, and especially on the campuses of both the Osun State University, Osogbo and Obafemi Awolowo University, Ile Ife, Opolo Global was a perfect partner for the Innovation and Technology Group under the ODA to realise the organisation’s objectives of training 5,000 Osun youths in high demand digital skills.

How did the Partnership Work?

The ODA keyed into the digital training template of Opolo Global on digital skilling of 65,000 youths in Nigeria. Tagged the Skilling Revolutionary Innovators to Build Entrprise (SkRIBE), the training programme is designed to enable opportunities, provide access and supports for talents to get skilled, innovate, thrive and promote digital inclusion. It has a special focus on female and persons in underserved communities. It also has the intention to increase youth earning potentials. So, it was a partnership built on business-community relationship. Therefore, when the ODA’s intention of training 5000 youths from Osun met with Opolo’s proposal to skill up 65,000 youths across fused, a bond was created to chart a future of digital enterprise for the young participants.

In this era of digital transformation, empowering youth with essential digital skills is crucial for their personal development, economic growth, and social progress. However, the opportunity has a caveat- participants must part with the 30% of the training fees. This was to ensure that participants stay committed throughout the three months.

What are then are the valuable lessons that can be applied to empower youths in other communities, fostering their digital literacy, innovation, and entrepreneurial capabilities?

Leveraging on strategic partnership and collaboration

The ODA and Opolo Global model shows the high potential of partnership and collaboration in fostering innovation and entrepreneurship in towns and communities across Nigeria. Encouraging this kind of collaboration would lead to more impact with a high possibility of reducing crime and criminal tendencies among the youths of such communities and areas. It requires values to values for wonders to happen. This demonstrates that with communities and indigenous associations willing to work together with businesses, youths could be empowered and jobs could be created.

Deploying collective resources for social impact  

Being a group of highly successful people who are willing to give back, the ODA working with Opolo has shown how to effectively deploy collective resources, expertise, and networks to provide comprehensive support and opportunities for the participating  youth. As it was emphasized at the opening ceremony of the programme, Mrs Lola Ekugo-Aworanti averred that those who excel on the training would have internship opportunities with companies across the country especially in Lagos. It is a good way to expend scarce resources for the good of the society. By acquiring these skills, the youth are better equipped to adapt to the changing world and contribute to the progress of their society.

Building digital skills of the youths of  underserved communities  

In pursuing the general good of the entire Osun people, the ODA-Opolo partnership is bringing the playbook of digital skilling of the youths to play. When the inclusive nature of the training is considered, it is easier to conclude that the collaboration is a worthy venture. Recognizing the significance of digital skills in today’s rapidly evolving world, the association has formed a strategic partnership with the Opolo community to empower its youth population. This partnership has been instrumental in equipping Osun youths with essential digital skills. Through a structured training programme, and mentorship initiative, young individuals are provided with comprehensive instruction in digital skills. This is coupled with the hands-on learning and practical applications. This ensures that the youth gain both theoretical knowledge and practical competence, enabling them to navigate the digital landscape with confidence.

Creative funding for social good

The Opolo ODA partnership also made use of creative funding model between itself, the participants and other groups concerned. While ODA carries the larger part (70%) of the funding for the programme, the participants are required to commit (30%) of the funding themselves. The Ife Summit Group, another group of ODA members who are from Ife further parted with a 50% subsidy for the 30% paid by the participants from Ile Ife for the 3-month long training. This kind of creative collective funding indicates the possibilities of what could happen with collaboration and partnership.  It ensures that all stay committed and focused for the duration of the training programme.

Building  culture of giving back

Executing the youth-focused training is basically passing across the message of sustainability in giving back to the society. If it is believed that the youths of today would become the leaders of tomorrow, then the ODA-Opolo partnership has the high potential of ingraining the culture of philanthropy in the minds of the young beneficiaries. This model of youth empowerment is building a sense of ownership, support, and collective responsibility, ensuring long-term sustainability and local impact.

In concluding this piece, communities are enjoined to learn from this business-to-community model of empowering the youths. By embracing the lessons learned from this partnership, other communities can develop effective models for empowering their youth, equipping them with the digital skills, innovation mindset, and entrepreneurial capabilities necessary to thrive in the digital era. As we work towards a more inclusive and digitally empowered future, let us draw inspiration from the ODA-Opolo partnership and invest in our youth as catalysts for positive change and sustainable development.

Nigerian Stocks Continue Hot Streak in July

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The Nigerian stock market has been on a roll in the past month, posting impressive gains across various sectors and indices. The All-Share Index (ASI), which measures the performance of all listed equities, rose by 6.7% in July, reaching its highest level since February 2020. The market capitalization also increased by 6.8%, adding N1.38 trillion to close at N21.76 trillion.

What are the factors behind this bullish trend? Analysts point to several reasons, such as the improved macroeconomic outlook, the easing of covid-19 restrictions, the positive corporate earnings, and the increased foreign portfolio inflows. Let’s take a closer look at each of these factors and how they have impacted the market.

Improved macroeconomic outlook: The Nigerian economy has shown signs of recovery from the recession caused by the pandemic and the oil price crash. The GDP grew by 0.51% year-on-year in the first quarter of 2023, following two consecutive quarters of contraction. The inflation rate also moderated to 17.75% in June, down from 18.12% in May, as food prices eased slightly. The exchange rate has also stabilized, as the Central Bank of Nigeria (CBN) adopted a more flexible and unified regime, eliminating the multiple exchange rates that had plagued the market for years.

Easing of covid-19 restrictions: The Nigerian government has gradually lifted some of the lockdown measures that were imposed to contain the spread of the coronavirus, allowing more economic activities to resume. The vaccination program has also gained momentum, with over 4 million doses administered so far, covering about 2% of the population. The easing of restrictions has boosted consumer confidence and spending, as well as business optimism and investment.

Positive corporate earnings: Many listed companies have reported strong financial results for the first half of 2023, reflecting their resilience and adaptation to the challenging operating environment. Some of the sectors that have recorded impressive growth include banking, telecommunications, consumer goods, and oil and gas. For instance, Zenith Bank, one of the largest banks in Nigeria, posted a 5% increase in gross earnings and a 9% increase in profit after tax in the first half of 2023. MTN Nigeria, the leading telecommunications operator, reported a 24% increase in revenue and a 49% increase in profit after tax in the same period.

Increased foreign portfolio inflows: The Nigerian stock market has also attracted more foreign investors in recent months, as they seek higher returns and diversification opportunities in emerging markets. According to the Nigerian Stock Exchange (NSE), foreign portfolio transactions increased by 61% from N40 billion in June to N64 billion in July, accounting for 22% of total transactions. The increased foreign inflows have also supported the liquidity and stability of the market.

What are the prospects for the Nigerian stock market going forward? While there are still some risks and uncertainties, such as the third wave of covid-19 infections, security challenges, and policy inconsistencies, analysts are generally optimistic about the outlook for the market. They expect that the positive momentum will be sustained by the improving economic fundamentals, the robust corporate earnings, and the favorable investor sentiment. They also advise investors to be selective and focus on quality stocks with strong fundamentals and growth potential.

Nigerian Banks Are Having Great Moments Right Now

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Nigerian banks are having a moment. Indeed, it is really an amazing time. Look at the market caps; GTBank* hit N1 trillion, joining Zenith Bank. Yet, the annual reporting season will come, and markets will begin to examine the intrinsic creditworthiness of these entities in the near term.

Our banks booked easy gains with the floating of Naira, picking more than 35% on their foreign currency assets. But that is not the only story. One will wait to see the long-term issuer default rating to ascertain their relative vulnerability to default due to foreign denominated loans.

Which bank has too much foreign currency denominated loan? Would there be conversations on capital adequacy ratio? But no confusion: any bank which has kept its foreign currency denominated loans low could experience one of the finest 6 months in Nigerian banking in terms of PROFIT. You will see record numbers – I mean records.

Even the bank CEOs are buying shares like Ezioma bread and akara (the combos) offered every Sunday morning in Ovim [those good days when every kid had his/her loaf of bread, with peak milk, Lipton and akara to go]

Before you plan to relocate to Ovim, make sure you ask your bank to add more spaces in your bank account for the dividends which banks will pay. Yes, tons of money and investors are circling for those dividends because PROFITs will hit records. Yet, some of these banks are already under severe stress and downgrade is clearly possible; avoid those.