The U.S. Government sued Binance, and Nigeria has not.

In June 2023, The United States Securities and Exchange Commission (SEC) sued the world’s largest cryptocurrency exchange, Binance, and its CEO and founder, Changpeng Zhao, for allegedly failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls as well as for operating an unregistered securities exchange. In November 2023, …

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Hedging for Inflation

2 Comments / Economy / By Kalu Aja

Inflation is here, what is inflation? In simple terms, a recession reduces the purchasing power of your currency. Look at the table below from my book Let’s Talk About Your Money. You see that if you earned N500,000 a year, with 15% inflation, your earnings are worth N434, 783. Inflation steals your money and …

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Starlink Comes to Nigeria

2 Comments / Uncategorized / By Kalu Aja

Starlink Approved In Nigeria Elon Musk announced via a tweet (how else) that the government of Nigeria has approved Starlink as an Internet Service Provider. Let’s understand the implications and what this means for you as an investor. What Is StarLink? Starlink is high-speed internet access delivered via low earth orbital satellites …

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Funding Education In Nigeria Via Endowments

1 Comment / Economy, Personal Finance / By Kalu Aja

Endowments As A Funding Options For Nigerian Universities In Nigeria, three things are certain, Death Taxes and ASUU Strikes ASUU is the union representing the Academic Staff of Nigerian Universities. The union has been on strike since 1981; Figure 1 is a newspaper cutting of November 1981 saying, “ASUU may call off strikes”. ASUU strikes …

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The CBN must remain Independent

Economy / By Kalu Aja

The CBN Currently Is Autonomous According to the CBN Act of 2007, the Central Bank of Nigeria (CBN) is a fully autonomous body. Central banks need autonomy to perform their duties because their objectives are not always synchronized with executive and legislative actions. What is the Role of a Central Bank? All Central Banks fight …

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Pay at the Pumps not the Port

Finance, Personal Finance / By Kalu Aja

The President of Nigeria, Muhammadu Buhari, has presented a supplementary budget of N4t to cover the cost of importing Premium Motor Spirit (PMS) for the fiscal year 2022. That request has been approved Background Some background, Nigeria is an oil-producing and exporting nation, and it owns four refineries. Still, at the moment, none of the …

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Kalu Aja