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Bitcoin Price Dips Slightly Below The $120,000 Price, Amid Bullish Long-Term Outlook

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Bitcoin has experienced a modest pullback in its price, slipping to $115,846 after reaching recent highs above $120,000 in the past week.

The price of the crypto asset is currently consolidating around the $118,000 resistance zone. Data from Kraken revealed that there is a bearish trend line forming with resistance at $118,000 on the hourly chart.

A rising Whale-to-Exchange ratio and elevated long-term holder spent output profit ratio, indicate increasing selling pressure, often a precursor to significant market pullbacks. The Whale-to-Exchange Ratio, which reflects whale activity on centralized exchanges, has risen significantly, suggesting large holders are preparing to sell.

This metric’s increase, coupled with whale wallet inflows surging by $17 billion (from $28 billion to $45 billion) between July 14 and July 18, indicates profit-taking at recent all-time highs. Meanwhile, the current bearish scenario is consistent with past trends following surges in SOPR and whale activity.

Adding weight to the cautionary outlook, data from CryptoQuant reveals a significant spike in whale activity. The Whale to Exchange Flow monthly average has surged by nearly $17 billion in just four days. This kind of jump historically coincides with either profit realization or increased volatility, as large holders adjust their positions.

Although bulls are still in control of the trend, this level of whale inflow to exchanges may introduce short-term selling pressure, especially as Bitcoin hovers near its all-time high. The coming days could prove pivotal, as market participants assess whether this activity marks the beginning of a larger distribution phase or simply a healthy rotation within a bullish uptrend.

The latest market movement shows that long term holders are beginning to sell at a profit, but the indicator has yet to reach historically critical levels associated with market tops. This implies that long-term investors are realizing gains, but not to an extent that would suggest market euphoria or widespread distribution.

The gradual increase in profit-taking could indicate that the market is maturing while maintaining upward potential. Analysts predict that if Bitcoin fails to rise above the $118k resistance zone, it could start another decline. Immediate support is near the $116,200 level and the first major support is near the $115,500 level. Any more losses might send the price toward the $112,500 support in the near term.

Despite this minor dip, market analysts remain optimistic about Bitcoin’s long-term trajectory. Key indicators, including strong whale accumulation and long-term holder confidence, suggest that the current decline is part of a healthy correction within a broader bullish trend.

While the current downturn may signal a cooling of investor enthusiasm, on-chain indicators suggest the market may still have room to expand before reaching an exhaustion point. Notably, activity among long-term holders and derivatives traders reveals continued interest and potential for price volatility.

According to a recent CryptoQuant QuickTake post by contributor ShayanMarkets, BTC reserves on centralized exchanges have risen to their highest level since June 25. This surge in exchange-held Bitcoin may signal increasing profit-taking activity among investors.

On-chain data also shows that long-term holders are distributing their BTC, while short-term holders are increasingly accumulating. This kind of rotation is often associated with late-stage rally behavior and potential exhaustion. Some expect Bitcoin to break higher toward uncharted territory, while others warn of an incoming correction, citing historical patterns and profit-taking behaviors.

A decisive move above $122,077 with strong volume would likely confirm the next bullish leg, possibly targeting the $130K zone. Traders and investors should closely monitor market trends, alongside traditional technical analysis to navigate potential volatility and adjust strategies accordingly. While short-term risks persist, the long-term bullish trend remains intact, driven by Bitcoin’s underlying fundamentals and market dynamics.

MrSloty United Kingdom Deposit and Withdrawal Methods

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Introduction

Navigating the world of online casinos can feel like entering a labyrinth, especially when it comes to managing your funds. Sloty offers a thrilling gaming experience, but understanding its deposit and withdrawal methods is key to ensuring that your journey is smooth and secure. Many players find themselves tangled in the intricacies of payment options, unsure of which method best suits their needs.

This guide will demystify the options available at sloty, highlighting the benefits of each and empowering you to make informed decisions. MrSloty has carved a niche for itself in the online casino environment, providing a diverse range of games and a commitment to user satisfaction. Knowing your deposit and withdrawal options isn’t just about convenience; it’s about control, security, and maximizing your enjoyment of the MrSloty experience.

Overview of MrSloty Casino

MrSloty Casino has carved a niche for itself in the online gambling landscape, particularly amongst UK players seeking a diverse and engaging casino experience. While the online casino world is vast and varied, MrSloty is generally perceived by experienced players as a platform offering a broad selection of casino games, from classic slots to modern video slots and table games. The user interface is intuitive by all accounts, contributing to a smooth and enjoyable user experience. Players appreciate easy navigation, which allows them to quickly find their favorite games or explore new offerings.

Customer support is generally considered responsive and helpful, addressing player inquiries and concerns efficiently. MrSloty also features a bonus program designed to attract new players and reward loyal customers. As with any online casino, it’s important for players to approach MrSloty with a clear understanding of responsible gaming practices. It is recommended that players use all available tools to set limits and stick to a budget.

Available Deposit Methods at MrSloty UK

Funding your MrSloty UK account is straightforward, with a range of options catering to different preferences.

Credit and Debit Cards

The classics! Visa and Mastercard are widely accepted. Generally, deposits are instant, which means you can jump into the action without delay. Keep an eye on your bank’s policies, though, as some might treat these transactions as cash advances. Typically, the minimum deposit using cards is around £10, but it’s always wise to double-check the specifics on the MrSloty site.

E-Wallets

For speed and enhanced privacy, e-wallets like Neteller and Skrill are solid choices.Deposits are usually lightning-fast. The limits are similar to card payments, but occasionally, MrSloty runs special promotions that might affect these limits, so keep an eye out!

Cryptocurrency Payments

MrSloty embraces the future with cryptocurrency payments! The ability to deposit and withdraw using Bitcoin and other cryptocurrencies adds a layer of anonymity and often boasts faster processing times compared to traditional methods. The minimum deposit amount in crypto can vary. MrSloty usually provides the most up-to-date information.

Making a Deposit: A Step-by-Step Guide

Ready to dive into the exciting world of MrSloty? First things first, you’ll need to fund your account. Don’t worry, it’s a breeze! This guide will walk you through the deposit process, step by step, ensuring a smooth and hassle-free experience. Let’s get started!

Step 1: Log In to Your MrSloty Account: Head over to the MrSloty website and enter your username and password. Once logged in, navigate to your account dashboard.

Step 2: Find the “Deposit” Button: Look for a prominent “Deposit” or “Cashier” button, usually located at the top or side of the page. Click on it to access the deposit options.

Step 3: Choose Your Preferred Deposit Method: MrSloty offers various deposit methods, including credit/debit cards (Visa, Mastercard), e-wallets and cryptocurrency. Simply select the option that best suits your needs.

Step 4: Enter the Deposit Amount: Specify the amount you wish to deposit into your account. Ensure you meet the minimum deposit requirements outlined by MrSloty.

Step 5: Fill in the Required Information: Depending on your chosen method, you’ll be prompted to provide necessary details, such as your card number, expiration date, and CVV code for credit/debit cards, or your e-wallet account information.

Step 6: Confirm Your Deposit: Carefully review all the information you’ve entered and confirm your deposit. You may be redirected to your bank or e-wallet provider to authorize the transaction.

Step 7: Enjoy Playing: Once your deposit is processed, the funds will be instantly credited to your MrSloty account. Now you’re all set to explore the wide array of games and start playing!

Available Withdrawal Methods at MrSloty UK

Cashing out your winnings at MrSloty UK is designed to be as straightforward as possible, with a variety of withdrawal methods mirroring the deposit options. This ensures a seamless experience when you’re ready to enjoy your rewards.

Credit and Debit Cards

Withdrawals to Visa and Mastercard are widely accepted. It’s a familiar option for many players. Keep in mind that processing times can vary, typically taking between 3-5 business days. Make sure the card used for withdrawal is the same one used for the initial deposit to avoid any delays.

E-Wallets

MrSloty UK supports several e-wallets like Skrill and Neteller for withdrawals. E-wallets often provide faster processing times compared to traditional methods, with funds usually appearing in your account within 24-48 hours. They also add an extra layer of security by not directly exposing your bank details to the casino.

Bank Transfer

For larger withdrawals or if you prefer a direct transaction to your bank account, bank transfer is a reliable option. While secure, it generally has the longest processing time, potentially taking 5-7 business days for the funds to reach your account. Be prepared to provide necessary bank details for a smooth transaction.

Other Withdrawal Options

Depending on your location and deposit method, MrSloty UK might offer additional withdrawal options. Always check the “Cashier” section of your account for the most up-to-date and personalized list of available methods. It’s worth noting that some withdrawal methods might be restricted depending on your initial deposit choice, so verifying this beforehand is recommended.

Making a Withdrawal: A Step-by-Step Guide

Ready to cash out your winnings from MrSloty? Withdrawing your funds is a straightforward process. This guide will walk you through each step, ensuring a smooth and hassle-free experience.

  1. Log in to Your Account: Start by logging into your MrSloty account using your username and password.
  2. Navigate to the Withdrawal Section: Once logged in, locate the “Withdrawal” or “Cash Out” section. This is usually found in your account dashboard or the banking/wallet area.
  3. Select Your Withdrawal Method: Choose your preferred withdrawal method from the available options. Common methods include bank transfer, e-wallets, and credit/debit cards. Keep in mind that the available methods may vary depending on your location.
  4. Enter the Withdrawal Amount: Specify the amount you wish to withdraw. Ensure that the amount is within the minimum and maximum withdrawal limits.
  5. Provide Payment Details: Carefully enter your payment details, such as your bank account number, e-wallet address, or card details. Double-check all information to ensure accuracy. Incorrect information can lead to delays or even failed transactions.
  6. Confirm the Withdrawal: Review all the details you’ve entered and confirm the withdrawal request.
  7. Wait for Processing: Once you’ve submitted your withdrawal request, it will be processed by MrSloty. Processing times can vary depending on the withdrawal method and other factors.

Important Considerations:

  • Withdrawal Times: The time it takes to receive your funds can vary depending on the withdrawal method. E-wallets generally offer faster withdrawals compared to bank transfers.
  • Bonus Restrictions: If you have any active bonuses, ensure that you have met the wagering requirements before attempting to withdraw. Funds tied to bonuses may not be withdrawable until the requirements are fulfilled.

Understanding Deposit and Withdrawal Limits

Navigating the world of online casinos involves understanding the financial aspects, particularly deposit and withdrawal limits. These limits, set by the casino, define the minimum and maximum amounts one can transfer in or out of their account. At MrSloty, these limits are in place to ensure responsible gaming and comply with regulatory requirements.

MrSloty Deposit Limits: The minimum deposit at MrSloty is generally around €20. While lower minimum deposits might seem attractive, they often come with fewer bonus opportunities. Deposit methods like credit cards, e-wallets, and bank transfers might have varying maximum deposit limits, usually ranging from €1,000 to €5,000 per transaction.

MrSloty Withdrawal Limits: Withdrawals often have lower limits than deposits. The minimum withdrawal might be around €50-€100. Maximum withdrawal limits can also vary widely, potentially between €2,000 and €7,000 per week or month. These limits can impact players, especially those aiming for larger payouts.

Transaction Limits and Different Players: These limits influence different players in diverse ways. For “low rollers”—players who prefer smaller bets— lower deposit minimums are ideal. “High rollers,” who wager larger sums, will naturally seek higher maximum deposit and withdrawal thresholds. Reaching VIP status can potentially enable increased limits.

Tips for managing Limits: If you’re looking to manage your limits effectively, consider planning your deposits and withdrawals strategically. Explore options for increasing limits by contacting customer support and inquiring about potential VIP benefits. Understanding MrSloty deposit limits and MrSloty withdrawal limits is essential for a smooth gaming experience.

KYC Verification Process

So, you’re ready to cash out your winnings? Awesome! But before you do, there’s this thing called KYC verification. It might sound like some secret agent stuff, but it simply stands for “Know Your Customer.” Think of it as a digital handshake where you prove you are who you say you are.

Why bother with KYC, you ask? Well, it’s a big deal for online casino security. It helps to prevent fraud, money laundering, and ensures fair play for everyone. MrSloty, like other reputable online casinos, requires KYC to protect both themselves and their players.

The KYC verification process typically involves submitting a few documents to confirm your identity and address. This usually includes a copy of your government-issued photo ID (like a passport or driver’s license) and a recent utility bill or bank statement to verify your address. Now, here’s a little insider tip: make sure the photos of your documents are crystal clear and that all the information is easily readable. An unclear picture is the fastest way to delay your withdrawal!

Seriously, double-check that the names and addresses on your documents match the information you provided during registration. Any discrepancies can cause delays. Also, ensure your documents are valid and not expired. Keep in mind that no withdrawal can take place before you have completed the KYC.

Processing Times and Fees

Navigating the world of online casino transactions requires understanding processing times and associated fees. At MrSloty, deposit processing is generally swift, with most methods reflecting funds almost instantly. This allows players to dive into the action without delay. However, MrSloty withdrawal time can vary depending on the chosen method.

E-wallets typically offer the fastest withdrawal times, often completing within 24-48 hours. Credit and debit card withdrawals may take longer, ranging from 3 to 5 business days. Bank transfers usually have the longest processing time, potentially extending to 5-7 business days. Weekends and bank holidays can also impact these timelines, potentially adding extra days to the overall processing time. It’s worth noting that while MrSloty aims for efficiency, these timeframes are also influenced by the payment provider’s own processing protocols.

Regarding fees, MrSloty generally doesn’t charge transaction fees for either deposits or withdrawals. Always check the terms and conditions of your chosen payment method, as some providers might impose their own fees. While MrSloty performs respectably compared to other online casinos in terms of withdrawal speed, planning transactions with potential delays in mind is always wise.

Troubleshooting Common Deposit and Withdrawal Issues

Encountering hiccups with deposits and withdrawals at MrSloty? It happens. Let’s break down some common snags and get you back in the game.

Transaction Declined: First things first, double-check your payment details. Incorrect card numbers or expiry dates are frequent culprits. Also, ensure you have sufficient funds or credit available. If all looks good, your bank might be blocking the transaction. Contact them to authorize the payment.

Delayed Processing: Withdrawal times can vary. Typically, e-wallets are faster than bank transfers. If you’ve been waiting longer than the stated timeframe, contact MrSloty’s customer support. Have your transaction details handy – the amount, date, and method used.

Incorrect Information: Typos happen. But when it comes to banking details, accuracy is paramount. If you suspect you’ve entered incorrect information, reach out to support immediately. They might be able to halt the transaction before it’s processed.

Escalating Issues: If you’re not getting the answers you need, don’t be afraid to escalate. Clearly and calmly explain your issue, providing all relevant details. If the initial response is unsatisfactory, ask to speak to a supervisor. Keep a record of all communication.

For direct assistance, MrSloty’s customer support should be your first port of call. They can provide specific guidance based on your account and transaction history. Remember, clear communication is key to a swift resolution.

Tips for Fast and Secure Transactions

Navigating the world of online transactions requires a blend of speed and security. To ensure your experiences are both smooth and safe, several key practices should be followed. Start with the basics: use strong, unique passwords for every account. Regularly update your payment information to avoid delays or complications. When it comes to deposits and withdrawals, choose reliable payment methods known for their security features. It’s advisable to stick to payment methods you’re familiar with and trust.

Remember that Know Your Customer (KYC) procedures are in place to protect you. Cooperating with these requests helps maintain a secure environment for everyone. Always engage in responsible gambling practices; setting limits can prevent financial strain. Use only your personal credit cards or accounts. Even if a family member made the deposit, there can be problems during withdrawals. By implementing these tips, you’re setting the stage for fast, secure transactions every time.

Conclusion

In summary, understanding the deposit and withdrawal methods at MrSloty UK is crucial for a smooth and enjoyable online casino experience. From credit cards to e-wallets and bank transfers, being familiar with the available payment options empowers you to manage your funds effectively. Remember to prioritize responsible gambling and set limits that align with your financial situation.

We are confident that this guide has equipped you with the knowledge you need to navigate MrSloty’s payment system with ease. Go ahead, explore the games, and use this information to make informed decisions about your deposits and withdrawals. Now you know all there is to know about deposits and withdrawals!

Why do United Kingdom players choose Gransino Casino?

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Introduction

Gransino has quickly become a prominent name in the UK’s vibrant online gambling scene. Its appeal isn’t accidental; it’s the result of a carefully curated blend of thrilling games, generous bonuses, and a user-friendly platform that caters specifically to the preferences of UK players. From seasoned gamblers to those just dipping their toes into the world of online casinos, Gransino offers an engaging and potentially rewarding experience.

But what exactly makes gransino stand out from the crowd? Is it the sheer variety of casino games on offer, the enticing welcome bonuses, or the seamless user experience? This article provides an expert, in-depth analysis of Gransino Casino, exploring the key elements that have solidified its position as a favorite among UK gamblers. We’ll delve into its game selection, bonus structure, user interface, and overall security to uncover why so many players in the UK are choosing to roll the dice with Gransino.

Licensing and Regulation: Ensuring a Safe Gaming Experience

Gransino operates under the watchful eye of the UK Gambling Commission (UKGC), holding an online casino license that’s more than just a piece of paper – it’s a promise. For players in the UK, the UKGC license is a golden stamp of approval, a guarantee that Gransino adheres to the highest standards of fairness, security, and responsible gambling. Think of it as a safety net, ensuring your gaming experience is protected.

The UKGC doesn’t just hand out licenses; they demand compliance. This means Gransino is held accountable for providing a fair and transparent platform. The UKGC has a proven track record of safeguarding players, acting decisively when concerns are raised. You can verify Gransino’s commitment by checking their license, number 57823, directly on the UKGC website. This regulatory oversight is how Gransino provides a secure and fair gaming environment for all its players.

Understanding UKGC Requirements

The UKGC demands a lot of its licensees. Player data protection is paramount, with strict protocols in place to safeguard your personal and financial information. Regular audits by independent bodies ensure that games are fair and that the Random Number Generators (RNGs) are functioning correctly. These RNG certificates act like a guarantee that every spin, every deal, and every roll of the dice is truly random and unbiased.

Furthermore, Gransino integrates with GamStop and offers self-exclusion programs for players who need to take a break. Deposit limits and other responsible gambling tools are readily available, empowering you to stay in control of your gaming. These measures are all part of the UKGC’s commitment to player protection and ensuring a safe and responsible online gambling environment.

A Galaxy of Games: Exploring Gransino’s Game Library

Gransino offers a diverse and exciting selection of casino games, catering to a wide range of player preferences. The platform boasts a vast collection of online slots, ranging from classic fruit machines to modern video slots with immersive themes and bonus features. Players can also try their luck at landing a life-changing jackpot on one of the many progressive jackpot slots available. Some popular titles include Book of Dead, Sweet Bonanza and Stampede.

For those who prefer traditional casino games, Gransino provides a comprehensive selection of table games. This includes multiple variations of blackjack, roulette, and poker, each with its own unique rules and betting options.

The live casino section at Gransino delivers an immersive and authentic gaming experience. Players can interact with live dealers in real-time while playing popular table games like blackjack, roulette, baccarat, and casino hold’em. This brings the excitement of a land-based casino directly to the player’s screen.

Gransino partners with several top-tier game providers, such as NetEnt, Microgaming, and Evolution Gaming, to ensure a high-quality and diverse gaming experience. These providers are known for their innovative game designs, stunning graphics, and fair gameplay.

New titles – a breath of fresh air?

Gransino understands the importance of keeping its game library fresh and exciting to maintain player engagement and reduce churn rate. New titles are added regularly, ensuring that players always have something new to explore. The platform is quick to incorporate the latest releases from its game providers, often adding new games within weeks of their initial launch.

The constant influx of new games helps to avoid repetition and keeps players engaged. By offering a mix of classic favorites and cutting-edge titles, Gransino strives to provide a dynamic and entertaining gaming environment for all its users.

Bonuses and Promotions Tailored for UK Players

The world of online casinos is awash with enticing bonuses and promotions, and for UK players, there’s a rich array of deals designed to boost your gaming experience. These incentives are a great way to explore new games and potentially increase your winnings, but it’s essential to understand the specifics of each offer before diving in.

Deposit bonuses are a common type of promotion, where the casino matches a percentage of your deposit up to a certain amount. For example, you might see a 100% deposit bonus up to £200. This effectively doubles your playing money, giving you more chances to win.

Free spins are another popular incentive, particularly for slot enthusiasts. Casinos often offer free spins on selected games as part of a welcome package or ongoing promotion. These spins give you the opportunity to try out new slots without risking your own money.

Many online casinos also feature loyalty programs to reward their regular players. These programs typically work on a tiered system, where you earn points for every wager you make. As you accumulate points, you climb the tiers and unlock increasingly valuable rewards, such as exclusive bonuses, faster withdrawals, and personalized customer support.

Wagering Requirements – Demystified

Understanding wagering requirements is crucial before claiming any bonus. These requirements specify the amount of money you must wager before you can withdraw any winnings earned from the bonus. These are derived from bonus amounts and they are important terms which transparent casinos make readily visible in their terms and conditions. The online casino industry is evolving towards greater transparency, ensuring players are fully informed and can enjoy their gaming experience with confidence.

User Experience: Navigating the Platform with Ease

The quality of a user’s experience on a platform is paramount. An intuitive design is essential for effortless navigation, allowing users to quickly find games, promotions, and account settings. The overall aesthetic should be visually appealing and free of clutter. A well-designed interface significantly enhances user satisfaction.

For users on the move, mobile compatibility is non-negotiable. Platforms should offer a seamless experience across all devices, whether through a dedicated mobile app or a mobile-optimized website. Fast loading times and responsive design are critical for mobile users.

Even the best platforms can have occasional hiccups, making robust customer support essential. Live chat provides immediate assistance for urgent issues, while email support is suitable for less time-sensitive inquiries. Testing responsiveness and the knowledge of the support team can give you good information about the quality of assistance.

Mobile – desktop parity

Users expect full parity between desktop and mobile experiences. This means that every game needs to be available on all devices, regardless of screen size or browser. A platform that delivers a consistent experience across all devices demonstrates a commitment to user satisfaction.

Comparing Gransino to Other UK Online Casinos

The UK online casino scene is a crowded arena, with established giants and fresh contenders vying for players’ attention. Names like LeoVegas and Betway are definitely in the mix. So, where does Gransino fit in? While many casinos offer variations on the same themes, Gransino distinguishes itself through a combination of factors.

First and foremost, its extensive and diverse game selection truly stands out. While competitors have a solid range of popular titles, Gransino goes further, incorporating niche games and titles from emerging developers. This creates a fresher, more exciting experience for players seeking something beyond the usual.

Furthermore, its bonus offers are pretty amazing with clear terms and fair wagering requirements, separating it from competitors who often hide predatory conditions within their promotions. Finally, although user experience is subjective, Gransino’s intuitive design and user-friendly interface provides a seamless and enjoyable experience across all devices. In short, Gransino delivers a well-rounded and distinctive online gaming experience that few UK casinos can match.

Responsible Gambling at Gransino

Why this should be top of mind

In the dynamic landscape of online casinos, Gransino distinguishes itself by prioritizing responsible gambling. Operating within a regulated market under a reputable gambling license, Gransino provides a secure environment for its players. Unlike gray or black markets, where players face unregulated risks and lack of consumer protections, Gransino adheres to strict standards, guaranteeing a fair and transparent gaming experience. Embrace the peace of mind that comes with playing at a licensed operator, where responsible gaming is not just a policy but a commitment.

Gransino is deeply committed to promoting responsible gambling, providing players with the necessary tools to maintain control over their gaming habits. Recognizing the potential risks associated with gambling addiction, Gransino offers a range of responsible gambling tools designed to empower players.

One of the most important tools is the self-exclusion option. This allows players to voluntarily exclude themselves from the casino, preventing access to gambling services for a set period. This feature is invaluable for individuals who feel they are losing control and need a break from gambling.

In addition to self-exclusion, Gransino provides deposit limits, enabling players to set daily, weekly, or monthly limits on the amount of money they can deposit into their accounts. This helps players manage their spending and avoid overspending. Various other control tools are available to help players monitor their gaming activity, set session time limits, and receive reminders about their spending.

Gransino is also associated with GamStop, a service that allows players to self-exclude from all online gambling sites licensed in the United Kingdom. This integration demonstrates Gransino’s commitment to providing comprehensive support for players struggling with gambling-related issues. By offering these resources, Gransino ensures a safe and responsible gaming environment for all its users.

Conclusion: Is Gransino the Right Choice for You?

Ultimately, the decision of whether or not Gransino Casino is the right online gambling platform rests squarely on your individual preferences and priorities. UK players flock to Gransino for a multitude of reasons, and these strengths should weigh heavily in your assessment.

The casino’s robust licensing and regulation provide a critical foundation of trust and security, assuring fair play and the protection of your funds. The vast and diverse game library, spanning classic slots to live dealer experiences, guarantees a thrilling and engaging experience for every type of player. Bolstered by enticing bonuses and promotions, Gransino offers the potential for enhanced winnings and extended playtime. Don’t overlook the importance of a user-friendly interface, which ensures seamless navigation and a hassle-free gaming session, whether you’re on a desktop or mobile device.

Carefully consider these factors in light of your own gaming style, risk tolerance, and desired level of engagement. While Gransino presents a compelling case as a top-tier UK online casino, responsible gambling should always be the foremost consideration. Explore the platform, understand its features, and make an informed decision that aligns with your entertainment goals.

CBN Survey: High Interest Rates Now Nigeria’s Top Business Constraint, Surpassing Insecurity and Power Woes

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Businesses across Nigeria say high interest rates have become the most severe threat to their operations—more disruptive than insecurity or erratic electricity—according to the Central Bank of Nigeria’s latest Business Expectations Survey (BES) for June 2025.

The survey, conducted from June 16 to 20 by the apex bank’s Statistics Department, covered 1,900 firms across sectors such as Industry, Agriculture, Construction, Wholesale/Retail, and Services. It found that businesses gave high interest rates a constraint index score of 75.6, edging out insecurity (75.2) and insufficient power supply (74.3)—two problems that have historically topped Nigeria’s list of economic bottlenecks.

“Respondents identified High interest rate (75.6), Insecurity (75.2) and Insufficient power supply (74.3) as the top three business constraints in June 2025,” the CBN stated.

The result underscores the growing strain on corporate finances, especially among small and medium-sized enterprises (SMEs), as Nigeria maintains tight monetary policy to curb inflation and stabilize the naira.

How the Interest Rate Became a Bigger Threat than Insecurity

The elevation of interest rates as the top constraint reflects a shift in the risk profile businesses now face. Since early 2024, the CBN has aggressively raised its benchmark Monetary Policy Rate (MPR) to rein in inflation, which peaked near 34% in April before moderating slightly. The MPR currently stands at 27.5%, with commercial lending rates in some cases exceeding 30%, making it exceedingly difficult for firms to access affordable credit.

While insecurity—particularly in the North-West and Middle Belt—remains a serious operational hazard, and poor electricity supply continues to sap productivity, the financial impact of borrowing costs is now perceived as more immediate and pervasive.

Other Headwinds: Taxes, Bank Charges, and the Economic Climate

The survey also lists other top operational burdens. High bank charges scored 73.2, followed by high taxes (68.9) and an unfavorable economic climate (68.7). Unclear economic laws (67.4), poor infrastructure (62.4), and an unfavorable political climate (62.5) were also mentioned, though they ranked slightly lower.

According to the CBN, “This suggests that business constraints are more focused on economic and financial risks than political challenges in the review period.”

Optimism Holding, but Not Everywhere

However, the outlook remains surprisingly upbeat. The Business Confidence Index (BCI) for June stood at 20.7, with projections showing it could rise to 41.3 in the next six months as businesses anticipate improved economic activity.

The optimism varies significantly by region. In the South-East, confidence is lowest at 4.4, with the CBN attributing this to the acute effect of high interest rates and sluggish local activity. In contrast, the North-East registered the highest optimism at 37.1, as some firms see more stable conditions and anticipate relief measures.

The BES also found that businesses expect the naira to appreciate in the coming months, driven by a mix of tighter monetary controls and improved foreign exchange inflows. However, expectations of further increases in borrowing costs persist, raising concerns about access to capital.

Policy Implications: MPC Holds, or Cuts?

The CBN’s Monetary Policy Committee (MPC) is currently meeting, and analysts are split on the next move. While many expect the Bank to hold the MPR at 27.5% for a third consecutive time, others are betting on a modest rate cut to 27.25%, possibly accompanied by tweaks to the asymmetric corridor as a signal of cautious policy calibration.

In summary, the rise of interest rates as Nigeria’s top business constraint signals a pivotal shift in how firms experience economic hardship. While physical threats like insecurity and poor infrastructure remain persistent, the financial toll of borrowing is now taking center stage—putting even more pressure on the CBN to balance monetary tightening with policies that foster growth and productivity.

The June BES paints a picture of cautious optimism wrapped in frustration, as firms navigate a terrain where costs are climbing and opportunities are tightening. Whether this changes after the MPC meeting could define the tone of Nigeria’s business environment for the rest of the year.

ABU Zaria Lands €5m EU Grant for AI Microscope to Fight Neglected Tropical Diseases

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Ahmadu Bello University (ABU), Zaria, has secured a €5 million grant from the European Union’s Horizon Europe EDCTP3 programme to develop an AI-powered microscope that could transform the diagnosis of parasitic diseases in rural Africa.

The grant, announced by the university on Monday, will fund the MultiplexAI project—an initiative that aims to bridge the diagnostic gap in underserved and remote communities using artificial intelligence and smartphone-enabled tools.

This milestone places ABU among a growing number of Nigerian institutions embracing AI-driven solutions to tackle endemic development challenges. The MultiplexAI project, one of only four selected from a pool of 240 submissions under the Horizon Europe call titled “Innovative Digital Health Solutions for Sub-Saharan Africa”, marks the first time the institution will host a digital health initiative funded under the Horizon Europe framework.

The microscope, powered by AI and paired with a smartphone and a mobile app, is expected to simplify early detection of parasitic infections such as malaria, African trypanosomiasis (sleeping sickness), leishmaniasis, and filariasis—diseases that disproportionately affect impoverished populations with limited access to conventional diagnostic labs.

Leading the project is Dr. Gloria Dada Chechet, a molecular parasitologist and Reader in the Department of Biochemistry at ABU. She will supervise the work under the Africa Centre of Excellence for Neglected Tropical Diseases and Forensic Biotechnology (ACENTDFB), based at the university. Known for her research on tropical disease diagnostics, Dr. Chechet has received numerous international fellowships and recognition for advancing women in science.

In its statement, ABU hailed the grant as “a new benchmark for digital health innovation on the continent,” noting that it enhances the university’s global visibility and places it at the forefront of AI-driven medical research in Africa.

Broader AI Momentum in Nigeria

The ABU development is part of a broader trend as Nigerian institutions, both academic and public, increasingly adopt AI to drive innovation and address systemic challenges.

Early this month, Nigeria’s Corporate Affairs Commission (CAC) launched the integration of AI-powered assistant into its service delivery. The commission deployed AI to help users navigate business registration processes, retrieve documentation, and get real-time assistance. The move is part of the CAC’s broader digital transformation strategy and was launched to reduce the turnaround time in service delivery and curb human interference.

In academia, the University of Lagos has also begun integrating AI into its research and teaching modules, with several workshops conducted to expand the school’s AI adoption.

Nigerian startups have also shown growing interest in AI. Health-tech firms are exploring AI for genetic research and hospital automation, respectively, while edtech companies are integrating AI to enhance personalized learning for students.

The developments are in line with Nigeria’s National Digital Economy Policy and the Presidential Enabling Business Environment Council (PEBEC) roadmap, which aims to position Nigeria among the top-performing economies in the World Bank’s Doing Business Index. Since the 2017 reform drive, Nigeria has introduced several initiatives to streamline business procedures, but the integration of AI into regulatory operations marks a significant leap forward.

A Strategic Leap for Health Diagnostics

The significance of ABU’s MultiplexAI project lies in its ability to democratize healthcare access by replacing centralized lab infrastructure with mobile, intelligent tools usable in the field. According to the university’s statement, “community health workers in hard-to-reach areas will soon be equipped to detect multiple parasitic infections using only a smartphone and a microscope—dramatically improving early diagnosis and treatment outcomes.”

The development also aligns with Nigeria’s digital economy strategy, which emphasizes AI and emerging technologies as key pillars for public service delivery and innovation. The National Information Technology Development Agency (NITDA) has recently revised its AI policy draft, proposing the creation of an AI Research Fund to support academic and commercial AI innovation across the country.