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Telecoms Industry Contributed N2.508trn to Nigeria’s GDP in Q1 2023 – NCC

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The telecommunications and information services sector made a significant contribution of N2.508 trillion to Nigeria’s Gross Domestic Product (GDP) in the first quarter of 2023, according to a statement released by Dr. Reuben Muoka, the Director of Public Affairs at the Nigerian Communications Commission (NCC).

The figures provided by the National Bureau of Statistics (NBS), which accounts for 14.13% of the total GDP, indicate a 4.3% increase compared to the sector’s performance in the previous quarter of 2022 when it contributed 13.55% to the GDP.

“On a year-on-year basis, the growth rate showed a positive progression from 12.94% in the first quarter of 2022 to the 2023 figure of 14.13%, reflecting a substantial growth rate of approximately 9.19%,” the statement said.

The calculation of the telecoms industry contribution to GDP was derived from 46 different sectors of the economy that fall under the telecoms and information services domain.

The Nigerian telecom industry has consistently demonstrated a positive outlook, which can be attributed to the innovative and consistent regulatory environment established and implemented by the NCC.
During the covid pandemic, which saw the economic struggles against shocks to stay afloat, the telecom served as the federal government’s cash cow as other sectors of the economy plummeted under the heat.

In the first quarter of 2023, the federal government generated $820.8 million in revenue from the payment of 5G spectrum license fees by three operators: MTN, MAFAB, and Airtel.

MTN and MAFAB received their licenses in December 2021 and subsequently launched 5G services, while Airtel, which obtained its license in December 2022, is scheduled to launch its services in June.
Mouka noted that another significant development in the sector was the introduction of Starlinks broadband services, a wireless broadband service based on satellite technology, with the potential for nationwide coverage. This was made possible through the issuance of a license to SpaceX, owned by Elon Musk. The services are now available in various parts of the country.

The telecoms industry’s growth statistics highlight its impressive contributions to the economy.

As of April 2023, the number of phone subscribers reached 223.6 million, resulting in a tele density of 117%. Internet subscribers for the same period amounted to 157 million, while broadband subscriptions stood at 92 million, representing a broadband penetration rate of 48% in the country, according to Muoka.

Tesla most Traded Stock in UK; Binance Declines in Price

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Tesla is the most traded share across the United Kingdom, according to new +Insights data from May 1, 2022, until April 30, 2023. The data extracted from Plus500’s new and exclusive trading feature, +Insights, sheds light on the most traded instruments on Plus500’s CFD trading platform over the past 12 months.

From May to April, the UK’s most traded share is Tesla. In second and third place is Amazon and NIO, respectively. Most of the top ten are technology and auto manufacturing companies, occupying three places each.

The UK’s most traded technology stocks are Meta, Apple, and Snap. The three auto manufacturing companies are Tesla, NIO, and Rivian. The rest comprises Amazon, Coinbase, Aurora Cannabis, and Uniper. The data reveals that Coinbase was traded more than Meta, Apple, and Snap in the last 12 months.

According to data of the most traded instruments in the United Kingdom, Australia, Germany, Italy, and the Netherlands, the UK is the only country to rank the UK 100, Coinbase, and Rivian among its top ten.

SEC’s Litigation have plummeted price of BNB

The SEC’s complaints against Binance and Coinbase have made clear that the question of what is and is not a security will be central to whether crypto has a future in the US. And they continue to insist almost every crypto is a security, which suggests they really don’t want them to have a future in the US.

Up till SEC’s recent filing against Binance, its native token BNB was trading above $300 per coin and currently at $262 a 14% decline within seven days, this is because of fuds which triggered a bank run on the exchange in which users are panicking withdrawing and converting their BNB assets into BTC and other stablecoins in other to manage risk. It is really a hard time for CZ Binance as it is unclear when the showdown will end with regulators who don’t understand the scheme of operations in the crypto world.

Coinbase (COIN) shares are “uninvestable” in the near term, investment bank Berenberg said in a research report Thursday. The company was already expected to report weak second-quarter 2023 trading volumes before the SEC filed a lawsuit against it on Tuesday, said analyst Mark Palmer. This weakness may now persist and intensify thanks to the overhang from the SEC action, he added.

The upshot is that we view COIN shares as uninvestable in the near term. Palmer maintained his hold rating on the stock, but slashed his price target to $39 from $55, suggesting nearly 30% downside from last night’s close of $54.90.

The examples cited this week reflect an incredibly broad interpretation of the all-important Howey test: Judging from the complaints, a loosely affiliated foundation submitting code is enough to fulfill the “efforts of others” prong of Howey. And developers tweeting about their work is enough to fulfill the “expectations of profits.” But it’s not really about Howey: The SEC simply thinks crypto is dangerous for investors and that it’s their job to protect us from it.

Chair Gensler doesn’t have the resources to sue 20,000 protocols, especially considering many are based abroad, or located nowhere, or have anonymous founders, or are long defunct but still tradeable.

Important Considerations When Investing Time, Effort, and Money into Improving Your Website

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Your website is vital to your business. It will be the initial point of contact for your customers, so it should fulfill certain criteria. It should also give any potential customers a favorable impression of the business thinking about dealing with as far as your reputation for quality, professionalism, and intellect in your chosen field are concerned.

Of course, to do this correctly, you are going to require help, or you will fall at the first hurdle.

#1 Get a designer involved

Although you can design and create your own website from a template – you probably shouldn’t. You will get a much more professional and bespoke finish by hiring the services of a qualified and experienced web designer. They may also be able to host it for you for an additional fee.

Your website will be designed for your business and will therefore fit it perfectly. Your designer will ensure that it complies with all laws and regulations while also making sure that it is accessible to any visitors that may like to view it either on a PC, tablet, or cell phone.

#2 SEO to gain more quality traffic

To get your new website to work, you are going to have to drive visitors to it. This is not hard – but what is far less than easy is to drive the right traffic. The term traffic means potential customers and interested parties. Think of your website like a storefront; getting people to walk past or look in the windows is generally easy, depending on the location, of course. Encouraging them to enter and part with money is entirely different.

A good SEO agency can help you here, as these people actively find those willing to enter and part with their money. As you can imagine, SEO takes time, knowledge, and experience to pull off correctly. This is vital when it comes to finding the right keywords and creating backlinks – however, agencies such as clickintelligence.com can take care of all of this for you.

#3 Invest in website maintenance

Having an exquisite website and driving quality traffic to it isn’t the end of it, though; it will also have to run smoothly without glitches or irrelevant data. Investing in a website maintenance company to take care of this side of it can free up a lot of your available resources, especially when it comes to installing the necessary up-to-date plug-ins.

#4 Use chatbots as store clerks

To provide a quality service and engage with your customers and website visitors, it is a good idea to install chatbots to act as your store clerk. They will meet and greet your visitor, answer any basic inquiries, and provide a friendly face for your business. Although a lot of people prefer to deal with a human, most do understand that they are talking to an AI computer program and will therefore feel just as happy so long as they get the answers they are seeking. It helps them move along the customer journey that must quicker.

Tradecurve stage 3 is almost at 50% finished. Solana and Polygon were named securities

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The cryptocurrency market is rapidly changing, with regulatory scrutiny and project developments constantly shaping its trajectory. Today, we explore two recent developments: the classification of Solana and Polygon as securities by the Securities and Exchange Commission (SEC) and Tradecurve’s Stage 3 presale progress. These updates shed light on the evolving regulatory environment and the advancement of innovative projects within the crypto industry. Let’s begin.

Summary

  • The SEC claims Solana and Polygon are securities
  • Both Solana and Polygon crashed after this news
  • Tradecurve and its Stage 3 presale nearly 50% complete

>>BUY TCRV TOKENS NOW<<

Solana (SOL) and Polygon (MATIC) get drawn in the Binance lawsuit

In a recent development, the SEC has labeled Solana and Polygon as securities in a lawsuit involving Binance. This classification by the SEC adds a new layer of complexity to the regulatory landscape surrounding Solana and Polygon.

The lawsuit alleges that Binance, one of the largest cryptocurrency exchanges, facilitated the trading of Solana and Polygon, which the SEC labels as securities, without proper registration or compliance with securities laws. The SEC’s decision to label Solana and Polygon as securities implies that their issuance and trading may fall under existing securities regulations.

This news caused both prices of Solana and Polygon to crash as they are trading hands at $19.89 and $0.8037 – a fall of 4.85% and 7.75%, respectively. This development underscores the growing scrutiny from regulators towards cryptocurrencies and highlights the importance of regulatory compliance for projects such as Solana and Polygon operating in the industry. It also serves as a reminder for platforms and exchanges to navigate the regulatory landscape carefully and ensure compliance to avoid potential legal consequences.

Tradecurve (TCRV) and its Stage 3 progress

In contrast to the regulatory challenges faced by Solana and Polygon, Tradecurve, an innovative platform allowing all derivatives to be traded on a single account, is making significant progress in its presale. With millions of tokens sold already, the Tradecurve Stage 3 presale is now at 45.48% of its completion.

As the hype for this decentralized, borderless trading platform grows, the presale of Tradecurve will continue advancing – and so will its price. Currently, the TCRV native token can be bought for just $0.015, but when Stage 4 rolls around, that price will surge to $0.018. This will happen sooner rather than later, given that investors are flocking to it since they will obtain governance voting rights, passive income through staking, access to VIP status, and more when the platform launches.

Traders are excited about Tradecurve since access to advanced trading tools and high-leveraged assets can be tricky (due to regulations depending on location). Still, Tradecurve will solve this issue by allowing high leverage starting at 500:1, subscriptions to automated & AI trading tools, and more.

>>BUY TCRV TOKENS NOW<<

Also, those who are more privacy-focused may find Tradecurve the perfect trading platform as it eliminates any sign-up KYC checks and allows users to create an account using an email only, link it to a crypto wallet, and begin trading. This will ensure complete anonymity while navigating the online trading industry and a private trading environment where your data remains protected.

Beginner traders will also be able to enroll in the metaverse trading academy, where they will learn new strategies from trading experts and more. If someone does not have the time for this, then the copy trading feature will be excellent as it allows Tradecurve users to subscribe to other individuals, copy their trades, and profit from their choices.

Only 40% of the 1.8B token supply will be available during the TCRV presale, and demand is high. Some market analysts even forecast a 50x value increase when the presale finishes. In addition, TCRV may get listed on a major Tier-1 CEX or Uniswap following its launch, which could trigger a 100x value rally. As Tradecurve moves closer to completing this stage, it demonstrates its commitment to delivering a robust and comprehensive trading ecosystem, which you can now be a part of by signing up for its presale below.

 

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Winning Strategies for Playing Aviator Game by Spribe in South Africa

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Are you intrigued by the thrilling world of online gambling games? The exhilaration that comes with playing, the suspense of waiting to cash out, and the joy of winning, make these games immensely engaging. One such captivating game that has stormed the virtual gambling world is the aviator game developed by Spribe. It has garnered popularity for its unique blend of simplicity and dynamism, offering players a thrilling gaming experience. In this comprehensive guide, we’re going to delve into the winning strategies for playing this exciting game in South Africa, providing you with tips and tactics to enhance your gameplay and improve your winning odds.

Understanding the Aviator Game

The Aviator game was launched by the Georgian gambling content provider, Spribe, in January 2019. Characterized by its simple yet dynamic gameplay, it quickly became a favorite among online gamers.

The game offers an impressive Return to Player (RTP) of 97%. This high RTP rate means that for every 100 units wagered by players, the game returns an average of 97 units to the players, keeping only 3 units as the house advantage. It is this favorable RTP rate that enhances the appeal of the game among the gambling community.

The gameplay involves players watching the flight of an aircraft on their screens. As the aircraft flies, a multiplier increases. The aim for the player is to cash out their winnings before the plane leaves the screen. The crux of the game lies in the thrill of determining the perfect moment to cash out.

There are both paid and demo versions of the game available. While the demo version lets you get the hang of the game without any monetary risk, the paid version adds to the excitement by introducing the prospect of real winnings.

Strategies for Success in Aviator Game

Despite the random nature of the Aviator game, players can implement certain strategies to improve their chances of winning. It is important to note that these strategies do not guarantee a win, but they can optimize the odds of success.

The Single Bet Strategy involves placing bets on individual rounds and cashing out as soon as the multiplier reaches a predetermined value. This strategy is considered low risk as it limits the potential losses by ensuring that the bets placed are independent of each other.

The High-Risk Strategy is the opposite of the Single Bet Strategy. Players betting with this strategy place larger bets and aim for higher multipliers. This strategy has the potential for larger wins, but also comes with the risk of larger losses.

Multi Bet Strategies involve placing multiple bets simultaneously in a single round. Each bet can then be cashed out at different multipliers. This strategy gives you multiple opportunities for winning in a single round, though it requires careful monitoring and quick decision making.

About Spribe

Founded in 2020, Spribe is a leading provider of iGaming products and casino games. They aim to bring the thrill of traditional casinos to the online world by offering safe, fair, and high-quality games.

Spribe’s innovative approach towards developing online gambling content sets them apart from the competition. Their games are designed with a focus on player engagement, rewarding gameplay, and aesthetic appeal.

The positive player reviews for Aviator underline its engaging graphics, smooth gameplay, challenging missions, generous bonuses, and multiplayer mode. These attributes have helped the game to stand out in the crowded online gambling market.

Spribe’s commitment to fair and secure gaming makes it a trusted choice for players. Their mission to bring the thrill of traditional casinos online has resulted in a range of top-quality games that are enjoyed by gambling enthusiasts across the globe.

FAQs

How can I increase my chances of winning in Aviator?
Implementing certain strategies like Single Bet Strategy, High-Risk Strategy, or Multi Bet Strategies can improve your chances of winning in Aviator. Remember, however, that no strategy guarantees a win.

Is Aviator fair and safe to play?
Yes, Aviator is developed by Spribe, a reputable provider known for its fair and secure gaming products.

Can I play Aviator for free?
Yes, there is a demo version of Aviator available which lets you play for free.

Is Aviator available on mobile devices?

Yes, Aviator is typically available to play on both desktop and mobile devices, allowing for gaming on the go.

How does the game of Aviator work?

Aviator is a multiplayer online game where you bet on a multiplier that keeps going up. The trick is to cash out before the flight crashes. The longer you stay in the game without cashing out, the higher your profit, but if you fail to cash out before the crash, you lose your bet.

How does the payout work in Aviator?

The payout in Aviator is determined by the moment you decide to cash out your bet. The multiplier at that point will be your payout rate. However, if the plane crashes before you cash out, you lose your bet.

What is the highest multiplier Aviator can reach?

The multiplier in Aviator can theoretically go as high as it can until the plane crashes, which happens at random intervals.

What happens when the plane crashes in Aviator?

When the plane crashes in Aviator, the game round ends. Any bets that have not been cashed out before the crash are lost.

How can I deposit funds to play Aviator?

You can deposit funds by logging into your online casino account and going to the deposit section. The exact procedure may vary depending on the casino, but they generally accept multiple payment methods like credit/debit cards, e-wallets.

Conclusion

Aviator by Spribe offers a thrilling online gambling experience, combining simplicity with dynamism. While there is no surefire winning strategy, certain tactics can improve your chances of success. Understanding these strategies and implementing them at the right time can enhance your gameplay and increase your winning odds.

So, why wait? Step into the thrilling world of the Aviator game and let the excitement take flight. Remember, the sky’s the limit when it comes to your winnings!