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Tatcoin could be cryptoâ??s next big thing. Hereâ??s what this digital assetâ??s all about

 By Lucky Nwanekwu Digital currencies such as Bitcoin have caused frenzy in the finance world. They have made headlines for mind-boggling returns, promised revolutionary technologies like blockchain and are expected to redefine wealth and investment for the new generations.  As many countries around the world, including Nigeria, increasing adopt bellwether cryptocurrency Bitcoin, homegrown solutions like Tatcoin are enjoying patronage and expanding the class of investable assets in the country.  Since the inception of Tatcoin through its Public seed round and subsequent listing on several exchanges in Nigeria and on the continent, the tradable token which would be used as the official transactional currency of the ABiTnetwork, has continued to prove its worth as Africa’s finest utility token. Notably, there has been over 10% surge in both its value, adoption and utility. At seed stage one Tatcoin unit was worth $0.07 but currently it is valued at $0.2 per unit. Gaius Chibueze, founder and CMO of ABiTnetwork, which owns Tatcoin, says missing the bitcoin boom of the 2017 is not an issue if one has Tatcoin tokens stacked up.  Tatas, holders of the cryptocurrency, are mostly millennial Nigerians seeking to create new wealth from the increasing digitalization waves spreading across the country. Cryptocurrency also provides an hedge against currency volatility and high inflation in the domestic economy since unlike fait cash which is steadily printed and loses a lot of value per year, cryptocurrencies have risen in value over the years.  In context, Nigeria’s inflation has risen to over 12% this year, stock market is down nearly 7% while the bonds market yields have been beaten low by high demand. So far, putting  money in crypto has seemed a better than parking cash the bank for many young Nigerians. 

\"Tatcoin ADOPTION  Cryptocurrency adoption is inevitable; policymakers and big banks' body language have shifted from widespread skepticism to curiosity and an onset of adoption in recent months. The expansion of internet reach is aiding digitalization goals across emerging markets and the rest of the world.  In 1995, user adoption of the internet had only reached 10% of the world households,  five years after the very first web browser was launched. Yet half-a-decade later, in 2000, half of the United States had adopted the internet.Imagining today’s world without internet is simply unfathomable and, in the future, the same will be said about cryptocurrency. Nigeria is at the forefront of this crypto adoption especially in Africa.  Total Tatcoin is currently being used by Nigerians as a store of Value and medium of exchange. This will in fact lead to growth as more and more people come into the eco system and use it as a means of payment.  Nigeria's young population of 18 years median age hold significant promise for that future especially given projections that the country's size could double in coming decades. PRICE GROWTH  \"Tatcoin Bidesk Exchange recently praised the CEO/ CMO of ABiT for a huge growth of the price of the token since it was listed on the exchange . The exchange added that the token has already done 7x since it was listed, showing that the coin has a good use case and value as the push might not stop till the $1 mark.  TECH INFRASTRUCTURE  ABiT Network team have continued to innovate and release new products. Just recently the quick swap saw a transaction rate worth about N80M and the ecosystem is booming with the release of new products on a daily basis.  The cryptocurrency revolution is moving fast, but to help this happen, we need to increase the number of businesses around the world that accept cryptocurrencies as a means of payment.  From online shopping to traveling around, we have seen how a lot of businesses are adapting to the crypto revolution.This is what Tatcoin is already doing as ABiT Go, ABit skills mart, ABiTrader and more businesses will use bitcoin as a means of payment in the coming future which will increase it’s value .. Tatcoin could be cryptos next big thing. Heres what this digital assets all about Follow Linda Ikeji Blog.

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Pregnant Married Woman Arrested For Faking Kidnap, Sharing Ransom With Boyfriend

Operatives of the Federal Capital Territory (FCT) Police Command have arrested an expectant mother who faked her own kidnap and demanded for N2 million as ransom from her husband.

It was gathered that the woman shared the ransom money with the man suspected to be her boyfriend, and whom she connived with to defraud the husband.

FCT Commissioner of Police Benneth Igweh, who paraded the suspects yesterday, said: “About 19:40hrs on March 11, one Chiedozie Ubah of Saburi II Dei-dei, Abuja, reported at Gwa Gwa Police Division that his pregnant wife, Rosemary Ubah, left for the hospital on same date but did not return home. He later received a call from his wife’s number telling him that she had been kidnapped and demanded for two N2 million ransom before her release.

“He transferred the money into his wife’s account as instructed and later brought his wife to the station after her release. During interrogation, the wife freely confessed to have conspired with one man named Walter Ezeala living on the same street with them at Saburi to extort money from her husband.

“The said Walter was arrested and he confessed that he got N800,000 from the ransom money.

“N793,500) cash, two ATM cards and two android phones were recovered from them.”

In a similar development, Igweh narrated how operatives of the command arrested a man who faked also his own kidnap to test the loyalty of his girlfriend.

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Dollar To Naira Exchange Rate For Today 22 March 2024

Find below, the Dollar to Naira exchange rate for today, 22 March 2024.

Lifestyle Nigeria has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.

What Is The Official Exchange Rate For Dollar To Naira Today?

The exchange rate between the Naira and the US dollar according to the data released on the FMDQ Security Exchange, the official forex trading portal showed that the Naira opened at ₦1536.83 per $1 on Wednesday, March 20, 2024, and closed at ₦1453.28 per $1 on Thursday, March 21, 2024.

However, the Naira is trading as high as ₦1,400 per Dollar at the black market even though the Central Bank of Nigeria (CBN) announced the unification of all segments of the foreign exchange market.

The apex bank, had in a circular on Wednesday 14th June 2023, said all FX windows were now collapsed into the investors & exporters (I&E) window.

The statement read, “Abolishment of segmentation. All segments are now collapsed into the Investors and Exporters (I&E) window. Applications for medicals, school fees, BTA/PTA, and SMEs would continue to be processed through deposit money banks.

“Re-introduction of the “Willing Buyer, Willing Seller” model at the I&E Window. Operations in this window shall be guided by the extant circular on the establishment of the window, dated 21 April 2017, and referenced FM/DIR/CIR/GEN/08/007. All eligible transactions are permitted to access foreign exchange at this window.

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Abure Ajaero – .

The National Chairman of the Labour Party (LP) Comrade Julius Abure, has warned the President of the Nigeria Labour Congress, Comrade Joe Ajaero, against utilizing the NLC’s platform, finances, and assets for his aspirations to vie for the presidency in 2027 or the governorship of Imo State.

Abure issued this warning in Asaba, Delta State on Wednesday in response to the closure of the Labour Party’s National Headquarters by protesting NLC members. The protesters were calling for his swift removal as the National Chairman of the party.

He said: “I must state today that the leadership of NLC under Joe Ajaero is on the part of destroying the successes we have recorded in the 2023 general election.

“I had expected that as a responsible trade union centre, a responsible labour leader; number one should have teamed up with Labour Party to see how we can team up together to make the country better.

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Abure continued, “Unfortunately and ironically too, the NLC is the one that is on the part of war against Labour Party. I must state clearly that Ajaero as NLC President has not been able to organise a successful strike action. Not even a single protest or even picketing government establishment in order to bring government to accede to the numerous requests of workers.

“As we speak, there are unfair labour practices meted out to workers by several organisations in the country. I have not seen Joe Ajaero go to such organisations to picket them.”

While stressing that Joe Ajaero is not officially affiliated with the Labour Party, Abure clarified that the party is not under the ownership of the NLC as asserted by the labor union.

He said: “Over the past few years, NLC has been claiming ownership of Labour Party. l must state clearly that NLC is not the owner of Labour Party. The party is not owned by NLC.

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