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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How to Spot and Avoid a Ponzi Scheme

2 Comments / Investing, Personal Finance / By Kalu Aja

The word Ponzi is now synonymous with fraud, especially financial fraud. Its important investors do very basic scoring of financial offers they receive or are considering. What is a Ponzi Scheme? A Ponzi scheme is a fraudulent investment scheme that offers high interest but pays this interest by taking the deposits of new investors to …

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Stock Options

1 Comment / Finance, Investing / By Kalu Aja

This week let us talk about Stock Options. What are Stock Options? To understand what a Stock Option means, you must first understand the words “stock” and “Option”. What is a Stock? A stock represents a share of ownership in a company. Every company, public or private, has an owner(s) or shareholders who have been …

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Investing