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Tekedia Capital Invests in Zeeh Africa

By
Ndubuisi Ekekwe
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0

Tekedia Capital is excited to announce a major investment in Zeeh Africa. Zeeh, a fintech infrastructure company, makes it possible to unify financial data in one place. If you run a lending business, with customer’s permission, you can see all the bank accounts with their histories/balances in one dashboard, making it easier to make a decision (the B2B business).

In Zeeh’s B2C business, you have Africa’s CreditKarma, making it possible for a customer to have all its financial data in one place. Now, it gets exciting. If you need a mortgage, you click the mortgage menu in your dashboard. Vendors and merchants which have inputted certain parameters, and if you meet those, you will see their offers. Those vendors could say for example, show our offer only to users with an average monthly balance of N1 million over the last three months.

The goal is to facilitate commerce in a more actionable way. Yes, why show an offer for a N2 million vacation package to a user whose average monthly balance has not exceeded N100k in the last 6 months, across all bank accounts?

Welcome David Adeleke and Frank Uwajeh  to Tekedia Capital family.

How to Rate Cryptocurrency Exchanges

By
Paul Ugbede Godwin
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0

Cryptocurrency exchange is a platform that allows users to buy, sell, or trade cryptocurrencies for other assets, such as fiat currency or other digital tokens. There are many factors that affect the quality and reliability of a cryptocurrency exchange, such as security, liquidity, fees, user interface, customer support, and regulatory compliance. We will compare and rank some of the most popular and reputable cryptocurrency exchanges in the market based on the below criteria.

Security: Security is one of the most important aspects of a cryptocurrency exchange, as it protects users’ funds and personal information from hackers and cyberattacks. A secure exchange should have robust encryption, authentication, and verification systems, as well as cold storage for most of its assets. Some of the best practices for security include:

Using a reputable third-party custodian service to store funds.

Implementing multi-signature wallets that require multiple approvals for transactions.

Offering two-factor authentication (2FA) and biometric verification for users.

Conducting regular audits and penetration tests to detect vulnerabilities.

Having a clear and transparent policy for dealing with security breaches and compensating affected users.

Based on these criteria, some of the most secure cryptocurrency exchanges are Coinbase, Binance, Kraken and Bitstamp.

Liquidity: Liquidity refers to the ease and speed of executing trades on a cryptocurrency exchange. A high-liquidity exchange should have a large volume of trading activity, a wide range of trading pairs, and low spreads between bid and ask prices. A high-liquidity exchange enables users to buy and sell cryptocurrencies at the best possible prices and with minimal slippage. Some of the factors that influence liquidity include:

The size and diversity of the user base.

The availability and accessibility of fiat currency deposits and withdrawals.

The integration and compatibility with other platforms and services.

The reputation and trustworthiness of the exchange.

The market conditions and volatility of cryptocurrencies.

Based on these factors, some of the most liquid cryptocurrency exchanges are Binance, Coinbase Pro, Huobi Global, OKEx, and Bitfinex.

Number of Markets and Coins

Number of markets and coins are the number of trading pairs and cryptocurrencies that are available on an exchange platform. A higher number of markets and coins indicates a more diverse and comprehensive exchange. According to CoinMarketCap, the top 10 crypto exchanges by number of coins as of May 20, 2023, are:

1.Binance (1695)

2.KuCoin (1518)

3.Gate.io (1518)

4.Hotbit (1695)

5.BitMart (844)

6.OKX (228)

7.MEXC Global (719)

8.Bitget (579)

9.Coinbase Exchange (243)

10.BKEX (194)

Fees: Fees are the costs associated with using a cryptocurrency exchange. They can vary depending on the type and number of transactions, the payment methods, the trading pairs, and the user’s level of verification.

Fees can have a significant impact on the profitability and efficiency of trading cryptocurrencies. A low-fee exchange should offer competitive and transparent pricing structures, as well as discounts and incentives for frequent or large-volume traders. Some of the common types of fees include:

Trading fees: These are fees charged for each trade executed on the exchange. They can be either fixed or variable, depending on the trading volume or maker-taker model.

Deposit and withdrawal fees: These are fees charged for transferring funds into or out of the exchange. They can depend on the payment method, such as bank transfer, credit card, or cryptocurrency.

Conversion fees: These are fees charged for converting one currency to another on the exchange. They can depend on the exchange rate and the spread between currencies.

Network fees: These are fees charged by the blockchain network for processing transactions. They can depend on the congestion and demand of the network.

Based on these criteria, some of the lowest-fee cryptocurrency exchanges are Binance, Kraken, Bitstamp, KuCoin, and Poloniex.

Nigeria’s prevalent gory cases of househelps brutality by their guardians

By
Stanley Alieke
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0

There are these recent prevalent cases of house-helps/ maids brutality and physical abuse by their guardians in Nigeria. It is very much on the high rise that there is no week that goes by without us seeing on the print media or social media a gory case of a maimed and brutalized kid usually from the ages of 5-12 who are serving as house-helps/ maids.

Interestingly, eight out of ten of these reported cases of domestic violence melted on these househelps do take place in the eastern part of the country and mostly in Anambra state. These statistics are struggling to back up a stereotype made around the block (which I the writer is yet to believe) that Igbo women are very brutal and aggressive with their house helps and maids but with the recent cases which I have been seeing I am beginning to think that there is an atom of truth in that stereotype.

“Instead of being defensive about this, Eastern stakeholders should rather look into it because it calls for worry”. 

Where do I begin in citing gory examples of how women brutalize their house helps or maids over a trivial issue or at the slightest provocation to the viewing pleasure of their husbands who sometimes feign ignorance or claim that they were never in support of their wives doing that but cannot do anything to save the poor house help from the fierce clench of their wives.

Just last November, we heard of the death of an 11-year-old Magreth Joshua who died as the result of torture and physical abuse she received at the hands of Mrs Nnaemeka Nwachukwu her guardian. The late Magreth Joshua was serving as a maid to her killer in Jos, plateau state where they reside. The details of the event that led to the death of the kid were quite pathetic; witnesses narrate how Mrs Nnaemeka Nwachukuwu do pour boiled water into the kid’s private parts as a form of punishment, the guardian constantly hit the girl with hardwood and always use machete and wires to flog and inflict pains on her at the slightest provocation until the girl died from the torture.

Mrs Yemi Awolola, another serial house help abuser was also arrested some time ago by the law enforcement agency for allegedly placing a knife in the fire and scarring the private parts of her 14-year-old maid, Princess Michael. Similar to the case of another abusive mistress who was arrested also in Enugu state for allegedly burning their 10-year-old maid with a pressing iron and drilling nails into her head.

Last week, a woman by the name of Chinyere Ifesinachi was reported to the police by neighbours for the level of physical abuse she always melts out on her house-help, a seven years old, Idinma. Eyewitnesses narrate that she used a pestle to hit and broke her fragile bones. She also uses knives on the seven years old child as the child has deep cuts all over her body and she is currently at the hospital battling for her life.

Just yesterday, the 16th of May, 2023, The Anambra State Ministry of Women and Social Welfare arrested one Mrs Abigail Eguta for physically assaulting, brutalizing and battering her seven-year-old house help until the lad nearly went blind. The offense of the lad according to the guardian was that the kid failed to recite the English alphabet (A, B, C, D…) correctly.

Believe me, all these above-mentioned cases are just a pinch of salt out of a sea of examples and references too numerous to mention and they are all verifiable.

This high level of cold-hearted guardians maiming, brutalizing and killing children who serve them as maids/house helps at the slightest provocations is getting out of hand. There have been far too many gory and despicable house help physical abuse cases for lawmakers and national stakeholders to keep feigning blind eyes and deaf ears. It has gotten to the extent where a state of emergency should be declared on brutalizing house helps/ maids and every well-meaning Nigeria must rise to the occasion that this stop.

Every child is someone’s child, and no parent living or dead, rich or indigent will be happy seeing his or her kids being maimed or brutalized by the guardian for whatever reason. What even makes my body twirl is that most of the reasons why these kids are being brutalized by their guardians are just the most trivial of reasons and unjustifiable; like the Anambra lady that nearly killed her house help for failing to correctly recite ABCD.

The maids who are lucky enough to escape their guardian’s homes alive are being left with lifetime trauma, physical, emotional and psychological damage to their person which they never recover from.

This is a call on national stakeholders and law enforcement to beam their bright lights on the guardian/ househelp relationships. New regulations should be made to tackle this incident to save these kids. New regulations prohibiting some level of harsh treatment on kids and stringent punishments like long jail terms melted on recalcitrant offenders.

 

Twitter Blue Verified Subscribers Can Now Upload Two Hour Videos

By
Samuel Nwite
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0

Twitter CEO Elon Musk said Thursday that the platform’s Blue Subscribers can upload up to 2 hours video, marking the social media company’s foray into long video streaming that is expected to challenge YouTube.

The move is understood to be part of Musk’s efforts to redefine Twitter, increasing the number of users, widening its range of contents – and most of all – implementing his “Everything App” idea.

Twitter said there is no limit to the number of videos you can upload, even if all videos are the maximum length. Under the change, video file size limit for paid users has been increased from 2GB to 8GB. The earlier longer video upload, which was only possible from the web, it’s now also possible through the iOS app.

The 2 hour video upload is an upgrade from the 60 minutes, 2GB in file size update made in December by Twitter, which was available only on the web at 1080p resolution.

As part of Musk’s efforts to redefine Twitter, he has introduced new features such as raising the character limit to 10 thousand for Twitter Blue subscribers. He also relaunched the Super Follow as subscription, giving content creators the opportunity to monetize their contents at $2.99, $4.99 and $9.99 per month.

With about 400 million monthly users, Twitter is expected to give video-based platforms a run for their money. Already there is a queue of users who want to start their podcast on the platform, including Tucker Carlson, ex Fox News host.

Musk’s response to this suggestion made by All-in Podcast moderator Jason, who has started uploading podcast videos on Twitter, is; “coming soon.”

Twitter users are expecting further changes in the future that will include payment services. Last month, eToro, a social trading company, announced partnership with Twitter to offer financial services. The partnership will allow Twitter users to access stocks, cryptocurrencies and other financial assets.

However, the flurry of changes happening on Twitter has also stirred a lot criticism, resulting in exodus of advertisers and some users. This has emboldened the belief that Twitter will have to face stiff competition from social media companies such as Mastodon and also Bluesky – recently launched by Twitter cofounder and former CEO Jack Dorsey, in its push to become everything app.

Both Mastodon and Bluesky share similarities with Twitter and have seen uptick in the number of users recently, especially those who disagree with Musk’s method of running the platform.

“Uwa bu ahia” [the world is a market] As Digital Platforms Battle; Facebook vs Twitter

By
Ndubuisi Ekekwe
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0

In AO Lawal’s WAEC textbook on Economics, he did not include “Knowledge” as a factor of production. Of course, during his era, Knowledge was not seen as a catalytic component of the market system. If you go back to Adam Smith’s “invisible hand” postulation and the wealth of nations, and adding the theories of comparative advantages, one thing was clear: specialization deepens competitiveness.

Yes, those remain. But time is changing in the digital online space: everyone is doing everything, as we learn that Facebook’s parent company is unveiling a Twitter-clone: “Giant tech company Meta is reportedly working on a Twitter-like app, which could launch as early as next month.”

Digital Marketing Expert Lia Haberman, disclosed that the new platform doesn’t have an official name yet, and is internally known as “P92” or “Barcelona”, but it is being designed following Instagram’s guidelines and branding.

The app description reads, “Say more with Instagram’s new text-based app for conversations. Talk directly with your audience and peers. Create with text and attach links, photos, and videos. Engage with likes and replies to deepen connections with friends, fans, and other creators. Bring your fans with you.”

The Igbo Nation summarized it thus: “uwa bu ahia” [the world is a market]. Go and play, no boundaries because our world is a market. Now, Twitter can work to clone Instagram since it has already hinted it would take up WhatsApp. Meta did what they do in churches in Nigeria: “return to sender” as you ban adversaries, real and imaginary. Twitter if you come after WhatsApp, we will come after you also!

When two elephants fight, the grasses suffer. But this may be different: customers will get better products. #battle

Update: after posting this, the news is that Twitter now allows its blue checkmark users to upload two hour videos. Hello YouTube, this is for you: “Twitter CEO Elon Musk said Thursday that the platform’s Blue Subscribers can upload up to 2 hours video, marking the social media company’s foray into long video streaming that is expected to challenge YouTube.”

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