The Central Bank of Nigeria has partnered with global fintech company Bitt Inc. to launch its digital currency, the eNaira, later this year. According to CBN Governor Godwin Emefiele, global trade and financial inclusion will be boosted, as will cheaper and faster remittance inflows.
In a statement issued on Monday, the Central Bank of Nigeria (CBN) stated that other benefits include more targeted social interventions, as well as improvements in monetary policy effectiveness and the payment system.
According to the CBN, the decision to digitalize the naira in 2017 was made after extensive research and exploration.
According to the bank’s statement, this is due to Bitt Inc.’s technological competence, efficiency, and platform security, as well as its interoperability and implementation experience.
“The many charts that had become hockey sticks now look sort of like the rugged mesas in northern New Mexico, with a potential slope,”. Many good companies’ stock prices have dropped by 30 percent to 50 percent in the last week or two, indicating the emergence of some good buying opportunities, as I’ve mentioned in recent days. But proceed with caution. There’s a good chance we won’t see many of the recent all-time highs in stock prices, which are now at record highs.
It’s been a tough year for thousands of non-S&P 500 SPX stocks, many of which have dropped 70% or more. A lot of money has been lost on speculative bets, and I’m still looking for good opportunities to buy Revolutionary stocks at what could be very reasonable prices.
I’ve reduced my real estate investment rating from 8/10 to 7/10 over the last decade or so. Nonetheless, despite my belief that real estate prices in many parts of America will stagnate or fall over the next five to ten years – particularly land – I continue to believe that real estate in general, and particularly land, is undervalued.
Long-term investments and everlasting assets
A media company is another example of a private investment/business holding. Another example is hedge funds (9-plus because betting on yourself and running a business is always a best bet)
Real estate includes my New Mexico office, some land, and my ranch in New Mexico. Possession of gold bullion and gold coins in person (8)
Thanks to Tesla, there has been a revolution in the field of driverless cars (7). “We are clearly in an EV bubble right now,” I said earlier this week. A few phoney and/or fraudulent electric vehicle startups are overvalued, but Tesla is not one of them. Since the EV bubble burst, the vast majority of EVs have been sold.