Binance CEO’s Warning About Wazirx Wallets, Nigerian EFCC on Naira Depreciation, O’Leary Buys the Dip — Bitcoin.com News Week in Review

Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission EFCC claims it has identified individuals fueling the naira’s depreciation, Shark Tank star… read more:
https://news.bitcoin.com/binance-ceos-warning-about-wazirx-wallets-nigerian-efcc-on-naira-depreciation-oleary-buys-the-dip-bitcoin-com-news-week-in-review/

I recognized the rumour mills as resources that should be channelled to some use, and so we started a creative writing competition. The idea was simple: Put these rumours into some organic manner and submit them as entries to the creative writing exercises.

Competent persons were invited to manage the process and in about three to four rounds, prizes were awarded for poetry, short stories, and drama. Nigerians are creative and it is not for nothing that we created a whole thriving industry in Movies and our Nollywood.

This has become a very important sector of the Nigerian economy, creating many jobs, directly and indirectly. And from nothing but just our creative minds, in which a whole lot comes from among others, our stories, gossip, and rumours.

https://guardian.ng/opinion/on-the-2022-asuu-strike-part-3/

A frontline economist and Chief Executive of B. Adedipe Associates Limited, Dr. ‘Biodun Adedipe, says Nigeria’s inflation rates will remain below 20 per cent by the end of the year despite the pressure on prices and other headwinds.

He gave the projection at the mid-year review of the economic outlook, a joint think-tank event of the consulting firm and the Chartered Institute of Bankers of Nigeria (CIBN).

Concern over fast-rising prices has taken a new turn in the past few months with the consumer price index (CPI) hitting 18.6 per cent in June. Domestic inflation, which predates the recent global crisis, now mimics the general trend.

Adedipe admits that there are enormous local and international challenges most of which are positively correlated, but he is confident that the country will end the year with less than a 20 per cent inflation rate.

https://guardian.ng/business-services/inflation-will-remain-below-20-per-cent-by-year-end/