Pathways for Cryptocurrency as Facebook set to release Libra

Facebook plans to release its digital currency, Libra, in January, 2021 to offer a cross-platform payment system. Libra, which is still awaiting approval from FINMA (the Swiss-based Financial Market Supervisory Authority), seems to be more of a PayPal-type payment system that would be more volatile and accepted across multiple platforms for payment. The cryptocurrency would commence only in the United States and in some Latin American countries for a start, source says. It’s value will be backed by the US dollar, in the form of stablecoin. “A stablecoin is a…

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Nigerian equities poised to finish 2020 strong, despite pockets of correction ahead

Market Update for December 1 By Investdata Analysts The nation’s stock market raced higher on Tuesday, opening the month of December in green, after recording the best month for telecoms and blue-chip stocks in three years, continuing six back-to-back sessions of bullish transition on a low traded volume and negative breadth. Tuesday’s volatility and mixed session resulted from the month-end window dressing, profit booking, and repositioning for year-end seasonal trends and ahead of the December year-end earnings reporting season and 2021 corporate actions expected in the first quarter. That is…

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Stock market commences December on green, extends gains by N55bn

Equity market rebounds with N16bn gain

The Nigerian equities market extends bullish run to commence a new month as the first trading session in the month of December was characterized with a positive outlook. At 35,042.14 basis points, the bourse All-Share Index (ASI) inched up by 0.30 per cent from 35,147.62 basis points pegging Year-to-Date (YtD) returns at +30.94 per cent. Similarly, the monetary value of equity investment in the market rose by N55 billion to close higher at N18.365 trillion, having advanced by the percentage point as the ASI. However, Market breadth closed negative as…

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CcHUB Syndicate launches to attract global investments for African startups

CcHUB Syndicate

Co-creationHub (CcHUB), the leading technology innovation centre in Africa has launched the CcHUB Syndicate,  an investment vehicle empowering investment groups or firms, High Net Worth Individuals (HNI) all over the world to co-invest (for as little as $5000) in the most innovative companies across Sub-Saharan Africa along with CcHUB. The Syndicate by CcHUB aims to accelerate the growth of early-stage ventures delivering value accretive services and products to the African market at scale; with the goal to increase the number of disruptive and innovative companies with the capacity to create…

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7 entrepreneurial lessons from former late Zappos CEO ,Tony Hsieh

Tony Hsieh, the prolific entrepreneur, and former CEO of online shoe and clothing retailer Zappos is dead. He was 46. According to reports, he died of his injuries after a house fire in the US state of Connecticut. It is important to add that the two Tony Hsieh-linked companies Link Exchange and Zappos were sold at mouthwatering prices. The former was bought by Microsoft for $265 million while the latter was sold to Amazon for $1.2 billion. Here are some lessons entrepreneurs and founders can learn from Tony Hsieh. Know what makes…

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