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Home Blog Page 4955

Chinese Parents To Use Digital Yuan To Pay For Their Children After School Lessons

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Recall that the Chinese state-owned commercial bank, People’s Bank of China (PBOC) launched the e-CNY otherwise known as the digital yuan to enable the convenience of cash flow, Financial inclusion, and Financial stability in the country.

Recently, the Bank is set to launch a digital yuan-powered “smart contract solution”, that allows elementary school parents to pay for their children’s education using the e-CNY in a bid to improve primary education.

The bank has already partnered with Chengdu’s education and financial authorities that will enable parents to pay for their children’s pre and after-school clubs, sports lessons, and extra-curricular lessons using the digital yuan. Under the program, parents will pay a fixed deposit using digital yuan.

These funds are then put into a “smart contract” with the private contractors who run the clubs or offer the lessons. The contract is only activated when the child attends a club or lesson. If the child misses a session, maybe through illness, the contract is voided, and the deposit is returned to the parents’ e-CNY wallet.

Traditionally, local education and financial authority have had to act as intermediaries in such situations, monitoring attendance and taking payments from parents before passing funds on the private contract.

According to the Chinese state-owned bank (PBOC), it stated that using the digital yuan smart contracts would allow regulatory authorities to step away from the equation and allow parents to make payments directly to private contractors.

The bank is hopeful that the e-CNY smart contracts would be able to replace regulatory authorities between parents and private education entities. It also aims to improve transactions enabling liquidity via zero transaction fees embedded in the e-CNY design.

People’s Bank of China (PBOC), suggested that using smart technology would also enable the promotion of transparency in payments. Although smart contracts are traditionally used in the blockchain and crypto space, the Chinese bank argued that it can also make use of smart contracts in its e-CNY project.

No doubt the Chinese government’s inclusion of e-CNY in its educational industry, seeks to ensure that there is transparency in the payment of fees for children in Elementary School.

On the other hand, a few months ago in the country, there has been tremendous growth in the use of the digital currency. Consumers in China have performed 264 million transactions involving the e-CNY otherwise known as the digital yuan. An estimated 4.5 million merchants across China now accept the e-CNY as means of payment, as experts in the country note that the digital currency has helped to improve quality of life and also helped to stimulate consumption.

These experts also state that the e-CNY has demonstrated to be an invaluable tool in ensuring steady economic development through its functions such as smart contract utility.

The e-CNY also seeks to improve the convenience of capital flow, making China’s financial industry more accessible to the rest of the world, enhancing global competitiveness. The inclusion of the e-CNY smart contract for education, is said to be the latest move to drive the adoption of the currency.

The Reactions to WAEC Results Broken in Geopolitical Zones Explain Why Nigeria Is Fading

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There is really no common core in Nigeria. And if the nation does not fix that, we have no future. WAEC/NBS published statistics on how public schools are performing by geopolitical zones in Nigeria. Instead of professionals being challenged by the data and working to see how to improve, most of the commenters summarized: those outperforming are cheating. I am truly stunned beyond words.

This mindset is the reason Nigeria has faded. So, if an Enugu boy does well, a Kano girl can say he cheated – and then relax. And tomorrow, a Yola girl does well in JAMB and Uyo boy says she cheated. This is typical, no more spirit of competition. How can we engineer healthy rivalry in students?

I was in a Board meeting and shared a sector comparison on how companies were doing. The chairman reminded thus: “those other companies cook their books, we do not. So, we are not worried that they do better”. Needless to say that because of that mindset, the business did not see any reason for improvement. It has a great excuse: the other guys were cheating and that was why they were winning!

I have written to a friend in NBS to see if they will share the breakdown by private schools or combined (everything lumped together). I can write clearly that in private schools, Southwest will outperform other geopolitical zones in Nigeria by a huge gap even though it came 5th in the public school category. Across all indicators, SW has pushed private education to the highest level in Nigeria. 

Osun State alone possibly has more private universities than all private universities in the Southeast combined! And those private universities have private primary and secondary schools. Parents with decent income send their kids to those schools, leaving the public schools dry. So, if you just focus on the public schools in secondary school, you will not get the full picture about Southwest.

That said, I will not expect Southsouth private schools to say that SW students cheat in private schools because I expect them to outperform. Until we have the spirit to think analytically and decide to inject new energies instead of excuses, Nigeria will continue to struggle.

Thirty years ago, Anambra State was one of the least performing states in secondary school education. Today, it ranks top 5 in Jamb and WAEC consistently, demonstrating that policies can change outcomes. But while Anambra State was moving to the top, Imo State which until recently recorded highest literacy rate in Nigeria cannot even make the top 10 in WAEC.

Nigeria can win if we work with facts and data even as 2023 comes!

 In Osun, you have 10 universities; 8 are private. Those schools admit kids of high income parents in their primary and secondary education. University-run basic schools are always above average because the professors’ kids attend them!

 

File your Annual Returns with Corporate Affairs Commission (CAC) Nigeria

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Once business owners have registered or incorporated (as it is rather called in business parlance) their businesses with the corporate affairs commission (CAC) they think that that’s where it ends.

Some of them even get carried away by the euphoria of the CEO title and they fail to take note that incorporating a business or company is one step and after the incorporation there are other steps to be taken which filing annual returns with the CAC is one of the most important steps to which you are expected to do on yearly bases in other not to get your business or company delisted with your favorite chosen company/ business name re-assigned to another entity.

Annual return is a mandatory statutory requirement for every entity incorporated with the CAC in Nigeria. It is a yearly statement or balance sheet that provides an outlook of a company’s performance for the year, and its financial position and goes along to show that the corporation is still in existence and still in full operation and to enable the CAC to keep an up to date record of the entity.

It is a mandatory statutory requirement by the company and allied matters act (CAMA) that every business name, company or incorporated trustee in Nigeria must fulfill at least once every year to the Corporate Affairs Commission (CAC) in other to keep the commission abreast with what is going on with the company and to know that the entity is still active, still in existence and still in full operation.

Newly registered companies are statutorily required to start filing annual returns 18 months after their incorporation.

Limited liability (private or public) Companies are statutorily required by CAMA to file their annual returns with CAC within 42 days after its annual general meeting (AGM) was held for the year. While Business Names (sole proprietorship/ partnership) are statutorily required by CAMA to file their annual returns with CAC not later than 30th June of every year except the year of incorporation. So also, Incorporated Trustees must file Annual Returns between the 30th of June and the 31st of December for each year except the year of incorporation.

For the sake of emphasis, the basic reason why companies are statutorily required to file annual returns every year is to let the CAC know that the company is still active, still in business, still running and to keep the CAC abreast with what is happening with the business/company.

There are numerous benefits, hence reasons business entities/ Incorporated trustees should file their annual returns, some of which include;

  1. Your entity may get delisted from the CAC database if you fail to file its annual returns for a long period of time.

2. It helps to show that your entity is still in existence and still in full-time operation.

3. It goes a long way to show that your entity is not involved in any shady deals since you constantly send your records to the CAC.

4. Some government contracts, bids, and grants can only be approved or granted to your company if there’s a record of you constantly filing your annual returns with the CAC.

5. It protects your favorite-chosen business/ entity name from being reassigned to another entity.

These and many more are some of the reasons you should consider always filing your annual returns with the CAC because it is highly important.

The Different Kinks And Everything You Need To Know About Them

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Kinks and fetishes have been a part of sex since the dawn of time, but they often get a bad rap in the media. When most people think of kinks, they think of leather whips, latex suits, pain, and 50 Shades of Gray. Although that is a small part of the community, there’s a lot more to the world of kinks than just that. Learning about the different kinks can help you destigmatize them and better understand yourself and what you like. 

Whether you’re willing to explore your own interests, or you’re curious about the interests of others, you’ve come to the right place! Here’s everything you need to know about different kinds of kinks to help get you started. Read on and learn about the fabulous world of kinks and fetishes!

Kinks are more common than you think

Many people think that kinks and fetishes are only for the weird and sexually depraved. Kinks come in many shapes and sizes, and almost a third of people have one type or another. From harmless to hardcore, there’s a wide variety of kinks out there, and they’re nothing to be ashamed of. 

A great way to explore the different kinds of kinks is to do some research online. By using this guide, you can learn everything there is to know about black porn and all it has to offer. Understanding yourself, your likes, and dislikes, and learning about them is the key to uncovering your hidden desires. Do some research and introspection, and find out what gets you going in a safe and secure environment online!

There are many different kinds of kinks

As mentioned before, kinks come in many shapes and sizes. From more hardcore types like BDSM and erotic asphyxiation to role-play and breath play. Knowing you have a kink or are kink-inclined is all about expanding your mindset and your understanding of what kinks are. 

Many kinks involve having an erotic intrigue in certain materials and textures such as latex, leather, or spandex. Others involve taking on certain roles in the bedroom, such as being dominant or submissive. Some involve taking on new roles altogether! In some kinky circles, the acts of masochism, sadism, or humiliation are equally thrilling as taking part in sex itself. The kink community is not a monolith and there are many layers and levels to it, ready to be explored by those who are interested in it!

Finding your fellow kinky people

A large part of kinks is the sense of community and belonging they bring to people who have them. As with most things concerning sex, kinks are still, to this day, often looked at as taboo or “other”. This can create an environment where people who have certain kinks feel like outsiders and can struggle to fit into their daily life. 

The kink community is as diverse as it is accepting and is a great support system for those who feel like outcasts. You can find “your people” within the community and feel a sense of kinship and understanding with them. If you’re looking to explore your interest in kinks, you’ll need to find willing participants, and this can often be hard. To know how to play this game, you’ll need to find your community, both to learn and explore. If you can’t find people in your area, you can always turn to the internet for like-minded people and understanding. 

Do your research

As fun as kinky things are, it’s important to remember that there is a community surrounding them. Each community has its own set of rules and guidelines to follow, and the world of kinks, it’s no different. Each subculture has its dos and don’ts to protect those within the community and those looking to join.

Before joining in on all the fun, make sure to do some research and learn the culture and history. Become part of the community and explore your sexuality and interests the right way. Look up how-to videos, and read about the different techniques and subcultures. Talk to some of the locals, research online, and figure out where you fit in. Find your niche and have fun exploring your kinky side!

So there you have it! With this comprehensive guide under your belt, you’re all caught up on all things kink! Kinks are more common than you think, and there’s nothing to be ashamed about if you have one. From piss play to role-play, kinks come in many different shapes and sizes, and so long as they’re consensual, they are normal and welcome. 

Whether you’re interested in group sex or BDSM, it’s comforting to know that there is a community out there for you to belong to. Before jumping into the world of kinks, make sure to do your research and learn the ropes. Take time to explore your interests and sexuality and live your most authentic life with kinks!

Revolutux, Chiliz, and Shiba Inu: Three Altcoins That Might Save You from the Crypto Winter

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Even though the crypto winter is still in full swing, there are those who see it as an opportunity rather than a time to hunker down and wait for better days. One coin we recommend is Revolutux (RVLT).

Although it is still relatively new to the cryptocurrency market, it has shown promising signs of growth. Revolutux is well-positioned to weather the current market conditions and emerge as a leader in the digital currency space.

Revolutux Might be One of the Best Long-Term Cryptocurrency Assets

Revolutux is a digital asset that provides users with cheap transaction costs. This decentralized platform offers a strategic, low-risk, and frictionless trading experience.

By using the Revolutux Token, users can trade in digital assets from across the world. This will help to create a more freeing and secure environment for all.

Revolutux is currently being developed and will soon be available to the public. The Revolutux Token team is composed of experienced traders and developers who are committed to providing a high-quality and user-friendly product.

This token will revolutionize how we trade digital assets with cheap and fast transactions.In addition to these features, the platform has a huge bonus program for its pre-sale.

For example, you can buy with USDT (TRC-20) and earn 10% on top of a 33% first-purchase bonus and 8% first stage of the pre-sale bonus. Those bonuses stack, so you’ll get more coins than you’ve paid for.

Chiliz (CHZ)’s Approach to How Fans Interact with Sports Clubs

Chiliz (CHZ) is a cryptocurrency that was created to give sports fans a new way to connect with their favorite teams and athletes. The token can be used to purchase tickets, merchandise, and other experiences.

It can also be used to vote on certain decisions. The project is based on the Ethereum blockchain and was founded by Alexandre Dreyfus.

The team behind Chiliz has partnerships with some of the biggest names in sports, including FC Barcelona, Juventus, Paris Saint-Germain, and AS Roma.

We believe that 2022 will be an even bigger year for Chiliz (CHZ) as more and more teams and athletes adopt the token.

Given the current climate, buying CHZ might come as a long-term investment. Chiliz (CHZ) has a growing user base, and we believe that demand for the token will increase in the future.

Shiba Inu (SHIB) Might Still Become The Dogecoin Killer

The Shiba Inu (SHIB) was created to become one of the most popular cryptocurrencies. Its developers hoped that by making the coin’s appearance cute and marketing it strongly, they would entice a large number of investors. So far, their plan seems to be working.

The coin has risen sharply in value since it was first launched, and it has received a great deal of attention from both individual investors and celebrities like Elon Musk and Vitalik Buterin.

In addition to its rising value, Shiba Inu has also gained popularity for its charitable work.

The coin’s developers have created a campaign called Amazon Smile, which collects donations to rescue real, live Shiba Inu dogs through the Shiba Inu Rescue Association.

This work has endeared Shiba Inu to many people, and it is one of the main reasons why the coin is currently one of the most popular cryptocurrencies on the market.

While it is impossible to predict the future of cryptocurrencies, Revolutux, Chiliz (CHZ), and Shiba Inu (SHIB) all have the potential to be valuable investments in the long run.

Each altcoin has its own unique features that could make it successful in the coming years. If you are looking for a way to escape the crypto winter, these three altcoins might be worth your investment. 

Join Revolutux (RVLT)’s Presale:

Presale: http://begin.revolutux.com/

Website: http://revolutux.com/

Telegram: https://t.me/RevolutuxOfficial