WEPDAY25

Inflation or Deflation: Which Economical State is more dangerous? Whenever economists discuss the health of an economy, two words come out regularly, that is, inflation and deflation. Majority of the population is aware of inflation- it is the escalating prices that they are facing each time they head out to the market. Deflation is not as well known but it is also powerful. Both syndromes are able to cause devastation to economies, families and business. But which of them is more dangerous? It may surprise you to say the least. Inflation appears on the headlines and makes households miserable but some economists believe that deflation is the more pernicious problem. Here's why. Understanding the Basics The persistent rise in the general level of prices of goods and services is the inflation. In case of an increase in inflation, your money will purchase less than it had previously. The same N5, 000 that could buy a full bag of rice a year ago could hardly feed half a dozen today. T...

The Rising Power of Digital Currencies: Will CBDCs Replace Cash? By [sir Anthony] In a world where smartphones process payments faster than wallets can open,  cash is no longer king . Governments and financial institutions are now racing to develop **Central Bank Digital Currencies (CBDCs)**—digital versions of national currencies. But why? And will these digital currencies eventually  replace physical cash ? Let’s explore the rise of CBDCs, their advantages, risks, and whether we’re heading toward a  cashless society . What Are CBDCs? (The Basics) A  Central Bank Digital Currency (CBDC)  is: A  government-backed, digital version of fiat money  (like the digital dollar, euro, or yuan). Unlike cryptocurrencies (Bitcoin, Ethereum), CBDCs are  centralized  and regulated by central banks. Designed for fast, secure, and low-cost digital transactions. Two Main Types of CBDCs: Retail CBDCs  – For public use (like digital cash). Wholesale CBDCs ...

The Best Movies of 2018 DEC 25, 2018 Cinephilia is a year-round condition, and it peaks, as always, with our final tally for the year’s finest movies. Over the past twelve months, a wide range of stellar offerings have illustrated that, no matter the genre, potential greatness abounds at both the multiplex and the art house. It’s been a packed year marked by superb dramas, comedies, thrillers, and documentaries from established auteurs and promising newcomers. Their works suggest that, be it on the big screen or via streaming services, the medium’s future is in excellent hands. Nonetheless, what matters now is the present, and to that end, these are our picks for the best films of 2018. 1 THE MULE Warner Bros. In his first performance in six years, Clint Eastwood brings an elegiac gracefulness and good humor—not to mention defiant toughness—to the role of a 90-year-old flower aficionado named Earl who opts to work as a drug runner in The Mule. Eastwood’s lined visage and cr...

Currency Devaluation Explained: Why Your Money Buys Less and What Governments Can Do   By [sir anthony]   In today's global economy, currency fluctuations impact everyone--from everyday consumers to multinational corporations. One of the most concerning financial phenomena is currency devaluation, where a nation's money loses value relative to other currencies. But what exactly causes devaluation, and how does it affect your purchasing power? More importantly, what can governments do to stabilize their currency?   Let's break it down.   What Is Currency Devaluation?   Currency devaluation occurs when a country's currency loses value compared to foreign currencies, especially major ones like the U.S. dollar (USD) or euro (EUR). This means:   Imported goods become more expensive (since it takes more local currency to buy foreign products).   Local inflation rises as businesses pass on higher costs to consumers. ...

The effects of Central Bank Interest rate decision in your Savings and Loans. When the governor of a central bank comes before the cameras and declares an interest rate decision, millions of people listen and they do not clearly see how it would affect their personal finances. The words are technical: the adjustment of the policy rates, tightening the monetary policy, inflation targeting but the impacts are very personal. It is that one number, which sometimes is altered only a quarter, half percentage point, but which spreads through the entire economy and finally puts up in your wallet. It is not only economically friendly but will also mean life on the financial level when you learn how decisions made by central banks will impact on your savings and loans. This is what any citizen needs to know. What is the interest rate of the central bank? The interest rate at which the central bank provides money to commercial banks is known as the central bank rate in Nigeria, the Fed Funds Rate...

JAMB 2019-2020 REGISTRATIONS Registrations for the 2019 JAMB UTME will now begin in January 2019. The JAMB form will be sold for N3,500 as directed by the Federal Government. This was disclosed by JAMB's Head of Media, Dr Fabian Benjamin. No specific date has been announced, but this statement directly means that 2019 JAMB Forms should be on sale within the first two weeks of January. The JAMB Registration Portal is however, yet to be updated for the 2019 UTME. Keep checking this Monitoring thread for actual dates and registration procedures. The reason for this delay in Sale of JAMB form was due to Federal Government's decision towards the reduction of JAMB fees, which has seen the JAMB Form reduced from N5,000 to N3,500. JAMB further added that the only way to apply the new fees is to begin registration in 2019. The official twitter handle for JAMB on 4th Dec, reassured the public that Sale of JAMB form for 2019 UTME had not begun. It twitted; "The board wishes to ...

Powering the Future: Renewable Energy Projects are a Moving Momentum in Sub-Saharan Africa. There is a silent revolution that is being experienced across Sub-Saharan Africa. It is not being constructed using giant and centralized hydro-power dams, but a Pareto of solar panels, wind turbines, and creative funding that is gradually but surely illuminating homes and businesses which have been in the dark too long. By 2026, the tide of renewable energy in the continent cannot be ignored as it is propelled by a potent force of international funding, local resourcefulness and a desperate desire to have sustainable energy. The energy dilemma experienced in Sub-Saharan Africa is a deep-rooted paradox that has been going on over several decades. It has some of the most rich renewable resources in the world such as the sun, wind and geothermal heat although in this country, every three-quarters of the world population has no access to electricity. A report by World Bank on Energy Access in the y...