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Leading Fintech Expert, Jesam Micheal Applauds Tinubu For Lifting Ban On Cryptocurrency, Charges Nigerians To Embrace AAS Token

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AAS CEO, Jesam Micheal Bags NANS Icon Of Hope Award, Inducted Into Hall Of Fame

Leading Fintech Expert, Jesam Micheal Applauds Tinubu For Lifting Ban On Cryptocurrency, Charges Nigerians To Embrace AAS Token

 

 

Leading Fintech expert in Nigeria, Jesam Micheal has applauded the President Tinubu Led government for the official lifting of the ban by the CBN on Cryptocurrency in Nigeria and charged the Nigerians generally and the youths, in particular, to take advantage of this and buy into the Afriq Arbitrage System which is the leading global cryptocurrency platform in Nigeria.

 

PRESIDENT TINUBU MOURNS ACE BROADCASTER, KABIRU FAGGE

 

 

 

Interestingly, Like a financial prophet, Jesam has been at the forefront of the push for the Nigerian government to embrace cryptocurrency which is the trending financial system in the world. While receiving an award presentation from the Nigeria Media Masters a week ago as the Fintech Expert Of the Year,, he said God’s kind of money and government paper kind of money is no longer in vogue but the people’s kind of money which is crypto is the most viable form of financial empowerment everyone should embrace now.

Leading Fintech Expert, Jesam Micheal Applauds Tinubu For Lifting Ban On Cryptocurrency, Charges Nigerians To Embrace AAS Token

 

He reiterated this stance when the Presidency of NANS inducted him into the Hall of Fame and also awarded him the Icon of Hope. He charged the youths and the Nigerian government to embrace cryptocurrency which is the antidote to global economic inflation.

 

 

Interestingly, the Nigerian government listened to his voice as the Central Bank of Nigeria changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions.

This is according to a circular dated December 22, 2023, with reference number FPR/DIR/PUB/CIR/002/003, and signed by the apex bank’s Director, Financial Policy and Regulation Department, Haruna Mustafa.

The circular is titled ‘Circular to all Banks and other Financial Institutions Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPS).’

The apex bank stated that current trends globally have shown the need for crypto regulation.

 

 

 

It said, “The CBN, in February 2021 issued a circular restricting banks and other financial institutions from operating accounts for cryptocurrency service providers in view of the money laundering and terrorism financing (ML/TF) risks and vulnerabilities inherent in their operations as well as the absence of regulations and consumer protection measures.

“However, current trends globally have shown that there is a need to regulate the activities of virtual assets service providers (VASPs) which include cryptocurrencies and crypto assets. Following this development, the Financial Action Task Force (FATF) in 2018 also updated its Recommendation 15 to require VASPS to be regulated to prevent misuse of virtual assets for ML/TF/PF.

“Furthermore, Section 30 of the Money Laundering (Prevention and Prohibition) Act, 2022 recognizes VASPs as part of the definition of a financial institution.

 

 

“In addition, the Securities and Exchange Commission in May 2022 issued Rules on Issuance, Offering and Custody of Digital Assets and VASPs to provide a regulatory framework for their operations in Nigeria.

“Given the preceding, the CBN hereby issues this guideline to guide to financial institutions under its regulatory purview in respect of their banking relationship with VASPs in Nigeria. “

The apex bank noted that this new guideline supersedes its old ones referenced FPR/DIR/GEN/CIR/06/010 of January 12, 2017, and BSD/DIR/PUB/LAB/014/001 of February 5, 2021 on the subject.

It also affirmed that banks and other financial institutions are still prohibited from holding, trading and/or transacting in virtual currencies on their own account.

It added that all banks and other financial institutions must immediately comply with its new guidelines.

In its circular with reference number BSD/DIR/PUB/LAB/014/001, dated February 5, 2021, the apex bank reminded banks that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges was prohibited.

At the time, it asked banks to identify persons or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that their accounts were closed.

 

 

 

 

 

 

It would be recalled that n Nigeria’s financial landscape, a transformative force is quietly reshaping the investment horizon. Afriq Arbitrage System (AAS) led by the visionary CEO Jesam Michael, a beacon of innovation in the country’s investment space, wielding tokenized digital currency with profound impact.

Michael’s vision for AAS speaks to a modernized approach to investments. “Our platform embodies the marriage of technology and finance, offering an accessible avenue for a broader spectrum of individuals to participate in the crypto investment market,” shares Jesam Michael. “The utilization of smart contracts and blockchain technology empowers our users to engage in a decentralized and secure ecosystem that transcends boundaries.”

Underpinning AAS’s prowess is its automated and sophisticated trading system, incorporating advanced AI algorithms. “Our system,” Michael explains, “is designed to navigate the complex landscape of crypto exchanges globally, seamlessly executing trades with precision and efficiency. The deployment of high-frequency trading algorithms ensures optimal execution, minimizing risks and maximizing potential gains for our users.”

 

Furthermore, the platform’s low entry threshold underscores its commitment to inclusivity. “With a starting point as low as $20,” says Michael, “AAS positions itself as a welcoming space for novices and seasoned investors alike. Our aim is to democratize the investment space, making sophisticated digital currency trading accessible to a broader demographic.”

The impact of AAS extends far beyond Nigeria’s borders. Its global presence, spanning over 200 countries, underscores a commitment to facilitating international trade and investments. Michael envisions a future where AAS evolves into a significant global player. “We’re laying the groundwork for an autonomous token and blockchain,” he notes. “This strategic move will not only redefine the landscape in Nigeria but also make our mark on the global stage.

 

“The prelaunch of the AAS Token is scheduled to commence between late November and early December 2023. This prelaunch phase offers an exclusive opportunity for early adopters and investors to acquire the AAS Token at a discounted rate, ensuring a strategic advantage in the evolving digital currency landscape,” Michael elucidated.

AAS’s innovative blend of technology and finance signals a paradigm shift in investment landscapes. The platform’s focus on blockchain technology and tokenized digital currency represents a secure and potentially lucrative avenue for investors, navigating a space rife with volatility and uncertainty.

The evolving investment narrative in Nigeria finds its mettle in the rise of tokenized digital currency, pioneered by AAS and guided by Jesam Michael’s forward-thinking strategies. As the platform continues to grow and expand, it represents a compelling vision for the future of investments in Nigeria and globally.

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Celebrate Your Wins, No Matter How Small-Prudent Ludidi

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Those who wronged you may never say "I'm sorry" - Prudent Ludidi

Celebrate Your Wins, No Matter How Small-Prudent Ludidi

 

Today, I want to talk about something incredibly important, yet often overlooked: celebrating our wins. Yes, you heard that right – celebrating our wins, no matter how small.

We live in a world that constantly pushes us to achieve more, be more, and do more. We’re always striving for the next goal, the next milestone, the next achievement. And while ambition is great, it’s equally important to acknowledge and celebrate the small victories along the way.

Think about it. How often do you achieve something amazing, only to dismiss it as “not a big deal” or “just part of your job”? How often do you downplay your successes or attribute them to luck rather than your hard work and dedication?

Here’s the thing: every win, no matter how small, is worth celebrating. Every achievement, no matter how insignificant it may seem, is a testament to your strength, resilience, and determination.

Celebrating your wins does several things. Firstly, it boosts your confidence and self-esteem. When you acknowledge your achievements, you remind yourself of your capabilities and potential.

Secondly, celebrating your wins helps you stay motivated and focused. By recognizing your progress, you’re more likely to stay committed to your goals and keep pushing forward.

Thirdly, celebrating your wins fosters a positive mindset. When you focus on what you’ve achieved, rather than dwelling on what’s still to be done, you cultivate gratitude, happiness, and contentment.

So, how can you start celebrating your wins?

Start small. Write down three things you’ve accomplished each day before bed. Share your achievements with a friend or family member. Treat yourself to something special.

Celebrate the tiny victories: finishing a difficult project, trying a new recipe, or simply making it through a tough day.

Celebrate the milestones: landing a new job, running a marathon, or graduating from college.

And celebrate the moments in between: learning a new skill, making a new connection, or taking a much-needed break.

Remember, celebrating your wins isn’t about being arrogant or boastful. It’s about acknowledging your hard work and dedication. It’s about recognizing your worth and value.

Don’t wait until you’ve achieved something “big” to celebrate. Celebrate every win, no matter how small. Celebrate every achievement, no matter how insignificant it may seem.

You are worthy of recognition. You are worthy of celebration. And you are worthy of acknowledging your own strength and resilience!

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IMF’s Bold Advice to Nigeria: How to Fix Economic Reforms and Win Public Trust” By Achimi Muktar

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IMF’s Bold Advice to Nigeria: How to Fix Economic Reforms and Win Public Trust”
By Achimi Muktar

 

As frustration mounts across Nigeria and other Sub-Saharan African nations undergoing tough economic reforms, the International Monetary Fund (IMF) has stepped in with recommendations aimed at reshaping the narrative. These suggestions focus on addressing the growing civil discontent and turning public opposition into support for reforms critical to stabilizing their economies.

The IMF’s latest Regional Economic Outlook for Sub-Saharan Africa report highlights “adjustment fatigue” gripping nations like Nigeria, Ghana, Ethiopia, and Kenya, where reform measures have triggered social unrest and resistance. In Nigeria, particularly, protests and labour strikes have erupted in response to policies like petrol subsidy removal and foreign exchange deregulation.

However, the IMF believes a path forward exists—one that involves rethinking reform strategies and engaging citizens more effectively.

The Call for Strategic Rethink
In the report, the IMF emphasizes the need for reform strategies that foster inclusivity and public trust while maintaining momentum for economic recovery. “Realizing this opportunity requires rethinking reform strategies to build and maintain pro-growth coalitions among leaders and the general public,” the report states.

The IMF outlined key pillars for successful reform implementation:

Broad-Based Engagement: Governments must actively involve citizens through two-way dialogue, creating a sense of ownership for reforms among the population, businesses, and civil society.

Transparent Communication: Policymakers should clearly articulate the benefits of reforms, the risks of inaction, and the compensatory measures being implemented. This approach, according to the IMF, will counter misinformation and rebuild trust.

Partnerships with Influencers: Engaging parliamentarians, community leaders, and independent experts can amplify reform messaging and provide credible advocacy for change.

Targeted Social Support: Implementing safety nets like retraining programs and job assistance for those hit hardest by reforms can reduce resistance and ease the social cost of change.

Sequenced Reforms: Staggering reforms over time to prevent overwhelming citizens and prioritizing initiatives with immediate, tangible benefits will help win public support.

Rebuilding Trust in Institutions: Strengthening governance, improving transparency, and tackling corruption are essential to ensure that reforms are seen as credible and effective.

The Nigerian Reality
Nigeria’s reform agenda has been met with resistance from citizens grappling with higher living costs and reduced public services. Labour unions have staged strikes, and civil society groups have accused the government of failing to provide adequate safety nets for vulnerable populations.

The IMF acknowledges these challenges but insists that success hinges on trust and inclusivity. “Opinion surveys indicate that trust in the government’s ability to use public resources to promote the population’s well-being is still relatively low in many Sub-Saharan African countries,” the report notes.

The IMF also warns that reforms without complementary measures—such as job creation and social inclusion policies—risk perpetuating social frustration and undermining long-term economic stability.

Turning Pain into Gains
While reforms are painful, the IMF underscores their necessity for unlocking durable and inclusive growth. “As painful as the current policy choices are, deeper and broader reforms will be required to guarantee that countries reap the gains, and not just the pain, of reform,” the report states.

The Fund advises African leaders to demonstrate upfront wins, such as improved infrastructure, better service delivery, and robust economic policies, to galvanize public confidence in the reform process.

The Bigger Picture
The IMF’s Regional Economic Outlook serves as a roadmap for Sub-Saharan Africa’s policymakers, navigating a delicate balance between fiscal adjustments and social harmony. For Nigeria, the report presents an opportunity to recalibrate its approach, engage its citizens meaningfully, and deliver reforms that prioritize the welfare of the people.

By rethinking reform strategies and implementing the IMF’s recommendations, Nigeria could not only weather its current challenges but emerge as a stronger and more inclusive economy. The onus, however, lies with the government to prove that these reforms are for the collective good and not just a painful necessity.

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Health, Insurance, And Entrepreneurship To Take Centre Stage At NASRE Foundation’s Third Media Outreach Event

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Health, Insurance, And Entrepreneurship To Take Centre Stage At NASRE Foundation’s Third Media Outreach Event

*Health, Insurance, And Entrepreneurship To Take Centre Stage At NASRE Foundation’s Third Media Outreach Event

 

The Nigerian Association of Social and Resourceful Editors (NASRE) has announced the third edition of its Media Outreach Programme, scheduled for Thursday, 21st November 2024, at LTV 8, Agidingbi, Ikeja, Lagos, beginning at 12:00 pm.

Health, Insurance, And Entrepreneurship To Take Centre Stage At NASRE Foundation’s Third Media Outreach Event

In a statement by NASRE’s Media Director, Lateef Owodunni, explained that the last outreach for the year will not only focus on supporting vulnerable journalists, such as widowed and ailing members of the fourth estate, but also aims to empower active journalists through impactful sessions on health, insurance, and entrepreneurship.

“Our goal for this last edition of our outreach for the year is to broaden the scope of support we offer. Beyond providing relief to vulnerable journalists, we are introducing sessions on health, insurance, and entrepreneurship to ensure active journalists gain valuable insights that can positively impact their careers and personal lives,” Owodunni stated.

The Media Outreach Programme, which has benefitted numerous journalists in its earlier editions, is designed to foster solidarity, growth, and resilience within the media community.

This third edition promises to bring together media professionals, associations, and stakeholders in an inspiring and empowering atmosphere.

NASRE invites journalists, media associations, and enthusiasts to participate in this landmark event, which highlights the importance of care, collaboration, and innovation in addressing the challenges faced by those in the journalism profession.

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