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Festivals: Reno Omokri and Nigeria’s South-West Muslims

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In a world often plagued by religious tensions and divisive rhetoric, it is essential to acknowledge and celebrate instances of peaceful coexistence. This article explores the heartfelt greeting from a Christian, Reno Omokri to Muslims celebrating Eid al-Adha in Nigeria’s Southwest. Employing the perspectives of Fairclough, Laclau, and Mouffe discourse analysis, our analyst delves into the nuances of this greeting, aiming to shed light on the potential for building bridges across religious boundaries and fostering harmonious relationships.

The Power of Language

Fairclough’s discourse analysis emphasizes the social and power dynamics embedded in language use. Omokri’s greeting articulates deep appreciation for the behavior of Muslims during the Sallah festivities, emphasizing their generosity, celebration, and peaceful coexistence. This linguistic choice demonstrates an attempt to challenge existing power structures and stereotypes associated with religious divisions. By acknowledging and affirming the positive attributes of the Muslim community, Omokri’s language plays a transformative role in fostering interreligious understanding and inclusivity.

Identity Formation and Inclusivity

Laclau and Mouffe’s discourse analysis focuses on the construction of identities and the formation of social groups through discourse. Omokri’s greeting distinguishes Yoruba Muslims in Nigeria’s Southwest, highlighting their unique cultural practices and their coined term for Eid al-Adha, Ileya. However, caution must be exercised in the formation of identity categories, as essentialist views can lead to exclusion and reinforce stereotypes. It is crucial to recognize the richness and diversity within religious communities and avoid generalizations that may inadvertently perpetuate divisive narratives.

Interrogating Power Dynamics

A critical examination of Omokri’s greeting necessitates an exploration of power relations. Nigeria’s complex religious landscape has witnessed conflicts between different religious groups. While Omokri’s greeting emphasizes peaceful coexistence, it is essential to acknowledge the broader social context. By analyzing power dynamics and the potential implications of the greeting, we can challenge any inherent biases and strive for a more equitable representation of interreligious relationships. This critical lens enables a deeper understanding of the challenges and opportunities for peaceful coexistence.

The Greeting (Interalia)

One of the things I cherish most about Muslims in the Southwest of Nigeria is their behaviour during Sallah. In fact, Yoruba Muslims don’t even call it Sallah, or Eid al Kabir. They coined their own word for the celebration. They refer to it as Ileya, which is short for Ile ti ya, loosely meaning it is time to go home, or the house is ready. And no people, nation? or ethnicity on planet Earth knows how to party like Yoruba.

If you lived in the Southwest or Kwara, you must love Ileya, whether or not you are a Muslim. Because your Muslim neighbours will spoil you with all kinds of goodies, from stewed ram to iyan and delicious soup, with chin-chin and other delicacies, washed down with every delectable non alcoholic beverage known to man. Oh, the days!
You will never find more tolerant and accommodating Muslims ANYWHERE on Earth as you would in Nigeria’s Southwest. And on this Eid al-Adha, I wish Muslims worldwide a prosperous and peaceful celebration. Just as God blessed prophet Ibrahim for his willingness to sacrifice his son, Is??q (Isiaka, Isyaku), may God bless all Muslims for their willingness to live in peace and harmony with people of different faiths around the world. And May the Almighty spare all our lives to see many more Eids.
And to people of all religions globally, I urge you to visit the Southwest of Nigeria to learn the true meaning of peaceful religious coexistence.
Eid Mubarak!

Kucoin to Implement Mandatory KYC, As TUSD Slightly Depegs on Binance-US

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Kucoin, one of the leading cryptocurrency exchanges in the world, has announced that it will implement mandatory Know Your Customer (KYC) verification for all its customers by the end of this year. This means that every user who wants to trade, deposit or withdraw on the platform will have to provide their personal information and identity documents to comply with the regulatory requirements.

KYC is a process that verifies the identity and legitimacy of a customer, and helps prevent money laundering, fraud, terrorism financing and other illicit activities. KYC also protects the customers themselves, as it ensures that their funds are safe and secure, and that they can access their accounts in case of any issues.

According to Kucoin, the KYC verification is a necessary step to comply with the global anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, as well as to enhance the security and transparency of the platform. Kucoin stated that it values the privacy and data protection of its users, and that it will only use the KYC information for verification purposes and not share it with any third parties.

The KYC verification process on Kucoin is simple and fast. Users need to provide their basic personal information, this is a significant change from the current policy, which allows users to trade and withdraw up to 2 BTC per day without KYC verification.

The KYC verification process will be simple and fast, according to Kucoin. Users will have to log in to their accounts, go to the KYC section, and follow the instructions to upload their identity documents, such as passport, driver’s license or national ID card. The verification will take only a few minutes, and once approved, users will be able to enjoy the full range of services and features offered by Kucoin.

Kucoin urged its customers to complete the KYC verification as soon as possible, as it will be mandatory for all users by December 31, 2023. This is a significant step for Kucoin to comply with the global regulatory standards and to enhance the security and transparency of its platform.

TUSD slightly Depegs on Binance-US

In a shocking turn of events, the stablecoin TUSD (TrueUSD) has depegged from its 1:1 parity with the US dollar on the Binance-US exchange. This means that the value of TUSD is no longer equal to the value of USD, and traders can buy or sell TUSD at a different price than USD.

According to some sources, the reason is a lack of liquidity and demand for TUSD on Binance-US, which is one of the few exchanges that supports TUSD trading. Due to low volume and activity, the price of TUSD fluctuated significantly, reaching as high as $1.07 and as low as $0.93 in the past week.

What are the implications of this depegging? For TUSD holders, this means that they are exposed to more risk and volatility than they expected from a stablecoin. They may lose or gain money depending on the price movements of TUSD, which defeats the purpose of holding a stablecoin.

For traders, this means that they can exploit arbitrage opportunities by buying or selling TUSD at different prices on different exchanges. For example, if TUSD is trading at $1.05 on Binance-US and $1.00 on another exchange, a trader can buy TUSD on the other exchange and sell it on Binance-US for a profit. The most obvious solution is to increase the liquidity and demand for TUSD on Binance-US, which would stabilize the price and restore the value of the trading pair against fiat currency.

Palmpay Announces 25m Users in Nigeria, Plans to Expand Operations to Other Countries

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PalmPay, an innovative fintech platform focused on Africa, announced on Tuesday that it has reached a milestone of 25 million users on its smartphone app.

The platform boasts an extensive network consisting of 500,000 mobile money agents and 300,000 merchants within its payments ecosystem.

“We are proud to be a driving force of financial inclusion and cashless payment adoption in Nigeria,” Global Chief Marketing Officer (CMO) of PalmPay, Sofia Zab, stated at a press conference in Lagos.

“PalmPay’s growth validates our approach and illustrates the increasing demand for innovative fintech solutions that address the unique needs of Africa’s underserved population.”

PalmPay attributes its rapid growth in Nigeria, achieved within a span of four years, to its robust strategy centered on providing secure, user-friendly, and inclusive financial services.

The platform’s user-friendly application has simplified digital transactions, facilitating swift and convenient transfers. This shift in consumer behavior from cash to digital payments has been a key driver of PalmPay’s success.

Currently, the company processes over $5 billion per month, offering a comprehensive range of financial services that empower customers to manage their finances in one place.

This week, PalmPay launched its savings service, featuring a 20 percent annual interest savings plan available to all users. The fintech company also caters to businesses by offering dedicated apps, web portals, and point-of-sale (POS) machines.

PalmPay places a strong emphasis on promoting financial inclusion, with approximately 30 percent of its users reporting that their first-ever financial account was created on the app.

The platform prides itself on its high success rate of 99.5 percent for transactions completed within 10 seconds, setting it apart in the highly competitive fintech space.

“PalmPay is more than a digital wallet – we are building a comprehensive platform to offer consumers all the tools they need to thrive financially. As we move forward, our aim is to become Africa’s financial super-app,” Zab added.

“Our partners benefit from our robust payment infrastructure and data-driven approach, which enables us to connect their offerings directly to their target customers, fostering mutual growth within our digital ecosystem.”

The company’s next strategic move involves bridging the gap between consumers and businesses by digitizing merchant payments. PalmPay is onboarding tens of thousands of offline retailers every month, largely through referrals.

“The consumer base has now become one of the major driving forces of wider cashless adoption in the Nigerian payments ecosystem,” Managing Director, PalmPay Nigeria, Chika Nwosu, said.

“We see an enormous potential in digitizing payments for the retail and informal economy, which reduces their cost of doing business and helps them build the digital track record to qualify for credit and other financial services.”

Looking ahead, PalmPay plans to expand its operations to more countries and intends to offer cross-border transactions in the future. The company is already piloting services in Ghana and has imminent launch plans for several other African markets.

Login Instructions for Tekedia Investment & Portfolio Management program Which Begins July 3

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Team sent this; please follow if you enrolled and yet to receive the login instructions.

(If you registered for Tekedia Investment and Portfolio Management program which begins on July 3rd, we’re doubly sending this to make sure you have the login instructions. We continue to welcome new registrations here )


Greetings and Welcome to Tekedia Investment and Portfolio Management program which begins on Monday, July 3, 2023. We have created or updated your account at http://school.tekedia.com/ with the email you are receiving this email. Please login, or if new, please reset your password by following the steps here https://school.tekedia.com/manuals/reset/.

Once logged in, click this link https://school.tekedia.com/course/investmgt/ and click Take This Course to complete the setup; you will see your course under MY PROFILE. (This is mandatory for the course to drop in your profile.). If you do not see the “Take This Course”, the course is already there.

The Week 1 courseware will drop on Monday at 12 noon on July 3, 2023. The schedule of Group Zoom for the first 4 weeks (on Saturdays) will also be posted; you will find all here when you login https://school.tekedia.com/lesson/inv-general-information/

Tekedia Team

Doge vs Doge: Why Alex The Doge (ALEX) will dominate Tamadoge (TAMA)

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The cryptocurrency world has witnessed an unprecedented rise in the popularity of meme coins, with Dogecoin and Shiba Inu gaining global attention. Recently, the market has been abuzz with two new Doge-themed projects, Alex The Doge (ALEX) and Tamadoge (TAMA). While both coins promise potential, analysts suggest that Alex The Doge (ALEX) might dominate Tamadoge (TAMA). This article will delve into why Alex The Doge (ALEX) may have the edge.

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 Understanding Alex The Doge (ALEX) and Tamadoge (TAMA)

Alex The Doge (ALEX) and Tamadoge (TAMA) are both based on the Binance Smart Chain, which offers faster and more cost-effective transactions compared to Ethereum. However, they differ significantly in their approach and strategy.

Alex The Doge (ALEX) is an innovative concept merging the meme coin trend with the promising GameFi sector. Named after Sega’s character “Alex Kidd” from 1986, the project plans to redefine the meme coin concept by integrating gaming and finance.

Tamadoge (TAMA), on the other hand, adopts a more traditional approach. It’s a deflationary token with automatic burns and redistributions, but it lacks the distinctive, appealing gaming aspects found in Alex The Doge (ALEX).

 The Factors that Set Alex The Doge (ALEX) Apart

  1. Unique Concept: The integration of gaming and finance is a trendsetter. By providing a platform where users can play and earn simultaneously, Alex The Doge (ALEX) has made investing and playing equally exciting.
  2. Community Engagement: Alex The Doge (ALEX) focuses heavily on building a strong community. Its community-driven approach is creating a strong base of loyal supporters, which is critical for the project’s long-term success.
  3. Rewarding Presale: The presale of Alex The Doge (ALEX) offers attractive incentives to early investors. It provides an opportunity for investors to be part of the project from the start, which could potentially yield a substantial return on investment.

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 Why Alex The Doge (ALEX) Could Dominate Tamadoge (TAMA)

While both Alex The Doge (ALEX) and Tamadoge (TAMA) offer promising prospects, several factors indicate that Alex The Doge (ALEX) could outshine Tamadoge (TAMA):

  1. Innovation: Alex The Doge (ALEX) is pushing boundaries by integrating the popularity of meme coins with the lucrative potential of GameFi. This innovation could be a significant advantage over the more traditional approach of Tamadoge (TAMA).
  2. Community: The community-centric approach of Alex The Doge (ALEX) gives it a robust foundation of supporters. This loyal community can significantly impact the project’s success.
  3. Potential Returns: The presale rewards offered by Alex The Doge (ALEX) could translate into substantial returns for early investors. This opportunity might make it more attractive than Tamadoge (TAMA).

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Conclusion

While the world of cryptocurrency is volatile and unpredictable, Alex The Doge (ALEX) appears to have a solid edge over Tamadoge (TAMA). Its innovative approach and community-centric model position it for potential dominance in the Doge-themed crypto market. 

For more information about Alex The Doge (ALEX) presale use the links down below: