Connect with us

Business

Expert calls on senate to investigate why cryptocurrency adoption is rising despite restrictions

Published

on

An expert on Cryptocurrency and alternative finance has called on the Nigerian Senate to tour the path of their counterparts in other climes to investigate the rising adoption of cryptocurrency in Nigeria despite clampdowns on accounts associated with cryptocurrency transactions by the CBN, instead of allowing things as they currently are.

The expert, Rume Ophi who is an analyst for Channels Television on cryptocurrency matters, as well as the Founder of the fast-growing Cryptopreacher Academy expressed this view recently in a chat with journalists in Lagos.

Recall recently, the United States Congress set up a ‘“Demystifying Crypto: Digital Assets and the Role of Government” committee hearing which held in Nov. 17, chaired by Representative Don Beyer — who has previously proposed legislation expanding the regulatory and legal framework for digital assets in the U.S.

Giving the rationale for the rise in adoption of cryptocurrency in Nigeria, Rume explained, “adoption of cryptocurrencies is much higher in developing countries like Nigeria more than in developed countries, asides the United States. Impressively b ut not surprisingly, Nigeria is leading in worldwide adoption of cryptocurrency.

Advertisement

“The reason is very simple: inflation is a chief cause of this. This is evident in markets like Nigeria, Zimbabwe, Tanzania. This is a way people can actually hedge themselves and get into other currencies and enable them offset that,” he revealed.

While reeling out some of the importance of cryptocurrency to any nation and how Nigeria can gain from its vantage position on the global map on its adoption of cryptocurrency, Rume appealed to Nigerian Senate to set up an independent panel to look into investigating crypto and working out a legal framework that will serve as a sort of regulation for the space.

ALSO READ  Nigeria’s internet subscription hits 148 million in April 2022

He said, “Like the US Senate, our lawmakers can hold a hearing on the role of government concerning crypto where stakeholders in this space will have a dialogue with lawmakers on cryptocurrency in Nigeria and how Nigeria and Nigerians can make the best of it.”

Cryptocurrency has provided hope to a new generation of Nigerians and a steady source of income in a country where average incomes have been declining for six years straight and the fiat currency continues to lose value. In 2020, cryptocurrency transactions worth more than $400m were generated in Nigeria, with the country ranking third on the planet in terms of highest bitcoin trading volume. This figure is still on the rise as cryptocurrency transactions saw a year-on-year increase of 25% in June, 2021.

Rume Ophi Alvin is the Founder and Lead of the prestigious CryptoPreacher Blockchain Academy (CPA). He is a Premium Ambassador at Newscrypto and the Head of Mobilization for stakeholders in Blockchain Technology Association of Nigeria (Siban) Presidential Task Force (PTF).

Advertisement

Popularly known across circles as the Cryptopreacher, Rume enjoys educating people about technology and has trained and impacted well over five thousand young people across six countries in the world. He is one of the foremost cryptocurrency experts in Africa pushing the frontiers of awareness, knowledge and thought-leadership in the cryptocurrency and blockchain space. His audacious public relations-led drive has seen him among the very first persons in the cryptocurrency space to feature on national newspapers, television stations, blogs and radio.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

OmegaPro Spearheads The Biggest Event In The History Of Maldives

Published

on

OmegaPro took over Maldives for one whole week and organized the biggest event the island has ever seen.

Over 1,000 people from the OmegaPro community, founders, celebrated football legends like the Spanish and Barcelona great Carles Puyol, French wizard Eric Abidal, Colombian icon Faryd Mondragón, Bollywood superstars, Indian cricketers and more congregated on the supremely exotic Siyam World in Maldives.

Celebration, Education, live-mentoring & group brainstorming sessions, football tournaments, and life-transforming self-empowerment seminars – this one-of-a-kind event will go down as the biggest event in the history of Maldives for a long time to come.

“I alone cannot change the world, but I can cast a stone across the waters to create many ripples.” – Mother Teresa. This was the prime motive that saw the dawn of the greatest event in the history of Maldives, spearheaded by global marketing leader OmegaPro.

Advertisement
screenshot 2022 11 18 at 08 23 57 eric worre maldives omegapro.jpg.webp (webp image 790 × 367 pixels)

Eric Worre conducting an intensive training session to more than 1,000 people at Diamond Trip Maldives

Community – The focal point of human experience

OmegaPro sees these events to promote its ideology – “Grow as One”

One aspect of OmegaPro’s community-centric approach is to increase self-esteem and cultivate a sense of belonging & oneness among the community members. It enables people to share personal relatedness and support the perpetual growth of each other, ourselves and our environment.

Leadership – The crux of success

“Leaders instill in their people a hope for success and a belief in themselves. Positive leaders empower people to accomplish their goals.”

As the OmegaPro organization is breaking ceilings and scaling newer heights, having the right people with the right mindset and drive is a critical component, not just for the benefit of the organization but also for the ever growing community’s happiness and the business’s overall culture.

ALSO READ  EON ONE MK2 provides unrivaled fidelity and flexibility

OmegaPro believes that when building a business, a leader and their team set out on a journey together. Part of building a strong relationship with the people who work with you is knowing how their goals align with the organization. Through this event, OmegaPro, transformed many followers into truly inspirational leaders to shape a better tomorrow for their respective communities.

In Maldives, OmegaPro, with the help of its official strategic coach Eric Worre, set the direction and goals to help people converge toward a common goal, and empower them to reach their full potential and stay motivated.

Advertisement

Eric Worre even put forth strategies to push the horizon and seek innovative ways to achieve unparalleled success.

The other aspect of the community-centered approach of OmegaPro is to inculcate a sense of ownership in people. OmegaPro is a firm believer of the fact that one must feel personally and positively impacted by the success of the mission. “Leadership is the cornerstone of a strong community.”

OmegaPro’s vision to “Breaking Barriers Through Education, Shaping Leaders Of Tomorrow” is being carried out through extensive training with unique and effective skill development programs. With resources customized to perfection by the greatest legends of the respective industries, OmegaPro is on its way to become the one-stop destination for accessing fundamental tools, special materials, dedicated coaches and once-in-a-lifetime experiences.

whatsapp image 2022 11 18 at 7.53.30 am

Gideon Adebisi, an OmegaPro Diamond Executive in Maldives

An ode to the OmegaPro community

Celebrating victories and milestones is just as important as achieving and accomplishing them. Diamond Trip Maldives was all about honoring the phenomenal grit and determination shown by the diligent members of the community and to get them ready for the road forward.

screenshot 2022 11 18 at 08 24 01 carles puyol and mario yepes omegapro.jpg.webp (webp image 790 × 367 pixels)

Legendary footballers Carles Puyol and Mario Yepes snapped on arrival at the OmegaPro Diamond Cup in Maldives

screenshot 2022 11 18 at 08 24 06 omegapro 2022 maldives.jpg.webp (webp image 790 × 367 pixels)

Beloved community members acknowledging OmegaPro

About OmegaPro

OmegaPro is a global marketing leader with a massive education platform offering the best skill development training to empower the OmegaPro Community. With resources customized to perfection by the greatest legends of the respective industries, OmegaPro is a one-stop destination for accessing fundamental tools, special materials, dedicated coaches and once-in-a-lifetime experiences.

ALSO READ  Nigeria’s internet subscription hits 148 million in April 2022

OmegaPro is on a mission to Break Barriers Through Education To Create Leaders Of Tomorrow. Through education, OmegaPro has become the home and benchmark of new opportunities that are always ahead of the curve and supported by an elaborate team dedicated to your ambition and your success.

OmegaPro houses an extensive array of relevant educational tools, renowned personnel and acclaimed resources as one of the most beloved and trusted learning platforms of its kind with a firm focus on the priceless mantra – Mentorship for the best can only be delivered by the best. With our community’s faith at the epicenter of OmegaPro’s operations combined with over five decades of cumulative expertise acting as the perfect catalyst, we are here to deliver a first-class learning environment as we keep marching on.

Advertisement

Since our inception in 2019, OmegaPro now proudly has a massive community of over 2,500,000 active members and is growing by the blink of an eye as we scale greater heights every single day. And, we like to believe that this is only the very beginning of an incredible journey that awaits us and our community. Welcome to the revolution of tomorrow as we aim to orchestrate a better future. Visit www.omegapro.network

Continue Reading

Business

Funmilayo Falola quits Wema Bank, joins ENGIE Energy Access as Global Head Of Communications

Published

on

The leading Pay-As-You-Go solar and mini-grids solutions provider in Africa, ENGIE Energy Access, has appointed consumer marketing professional, Funmilayo Falola as its Global Head of Communications.

The company, which aims to remain the leading clean energy company operates in nine countries across Africa (Benin, Cote d’Ivoire, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda, and Zambia) with more than 1.5 million customers and over 8 million lives impacted so far.

At ENGIE Energy Access (Africa), she will oversee the communication strategies including the brand, image, and product, while providing support for the company across the region.

Before joining ENGIE Energy Access (Africa), Falola was the Head, Marketing Communications & Investor Relations at Wema Bank Plc.

Advertisement

Prior to pitching her tent with Wema Bank, she worked at First Bank of Nigeria Ltd as the Head, Internal Communications & Merchandising & Warehousing where she developed and implemented the year-on-year internal communications strategy in alignment with the overall marketing strategy.

She started her career at CentrespreadFCB (now CentrespreadGREY) in 2005 where she cut her teeth as a Senior Executive – Business Development between 2005 and 2006, and rising through the ranks to the position of Client Service & Strategy in 2009.

Falola holds a Bachelor of Science, Political Science from the University of Lagos, UNILAG, in 2002. She proceeded to earn a Master of Business Administration, MBA in Marketing, from the same institution in year 2020.

She also has a Post Graduate Diploma, Marketing from the University of Leicester, United Kingdom.

Advertisement
Continue Reading

Business

Wema Bank to support SMEs in Port Harcourt with SME Business School 4.0

Published

on

Wema Bank Plc, the pioneer of Africa’s first fully digital bank, ALAT, has once again demonstrated its unwavering commitment towards developing the capacity of SMEs in Nigeria to scale by launching the fourth edition of its SME Business School in Port Harcourt.

Designed to help build capacity for SMEs in the country, Wema Bank’s SME Business School was launched in Lagos in 2021. The second edition took place virtually, while the third edition happened in Abuja. Now making its journey to the South-South geopolitical zone of the country, the initiative has helped to equip SMEs in various parts of the country with the business management knowledge and skills required to effectively run their enterprises and respond to the ever-evolving challenges of today’s business world.

According to the Divisional Head, Retail Business at Wema Bank, Dotun Ifebogun, the Wema SME Business School was birthed in a bid to close the critical knowledge gap in the SME space in Nigeria, and each edition of the programme takes place in a different part of the country to ensure that SMEs all around the country participate and benefit.

He mentioned that the 4th edition of the Wema SME Business School, which holds in Port Harcourt and starts on Monday, November 14, 2022, would impart contemporary business management skills and knowledge to growing businesses operating within the South-South region of the country. “We intend to make them champions and successful enterprises, thus supporting the economic growth of the country,” he said.

Advertisement

He disclosed that the bank has collaborated with top-notch consultants from renowned organizations within and outside Nigeria, including Deloitte, Facebook (Meta), and Nexford University, to serve as facilitators on the programme and ensure that the participants get an immersive and invaluable learning experience.

ALSO READ  Moroccan firm, Dolidol acquires Nigeria’s Mouka Foam in $60m deal

Dotun further noted that the initiative would be a meaningful addition to SMEs seeking to scale and strengthen their market positions.

“As an SME-friendly bank, we understand that starting and running a business in Nigeria is no small feat, and there are lots of challenges that SMEs face.

“We started the Wema SME Business School to equip them with relevant and practical knowledge that will guide them in the effective running of their businesses and to surmount any challenges that they encounter.

“Through this, we can tackle problems such as poor access to finance, poor market access, technological disruptions, and macroeconomic uncertainty. All in all, we will equip them with fresh ideas and insights that will help them to take their businesses to a higher level,” he said.

Advertisement

Businesses interested in leveraging this opportunity and participating in the Wema SME Business School 4.0 can register with the link https://forms.gle/TRj7ACzTQJkWrb3D8.

The Wema SME Business School is one of the various beyond-banking initiatives offered by Wema Bank PLC to complement its bespoke financial offerings for SMEs.

Continue Reading

Trending

Copyright © 2022 TheHeute.