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Instablog9ja
23 m
15
A Human Resource practitioner has said Microsoft Excel should be a standalone compulsory course in universities.
He said he thinks Microsoft Excel should be a course in universities and he meant a standalone compulsory.
Instablog9ja
1 h
14
Minister of Works, David Umahi, has said that the Federal Government will toll all major roads in the country upon completion of construction and renovation. He listed some of the roads as Lagos-Ibadan Expressway, Second Niger Bridge, Abuja-Kano Road, and Makurdi-9th Mile, among others.
Umahi, who disclosed this, yesterday, in Abuja during an inter-ministerial media briefing as part of activities to mark Nigeria’s 64th Independence anniversary, said: “We have the Lagos-Ibadan (Expressway). We are completing it and we are tolling it.”
The former Ebonyi State governor and senator noted that the tolling of federal roads “is going to bring a lot of money to the Federal Government.” According to him, private sector members have been engaged to bring in funds, construct these roads, and work with the Infrastructure Concession Regulatory Commission and the Ministry of Works to toll the roads.
He said the government would start with the Keffi-Makurdi Road that had been completed, stating that his ministry has been engaging with the Ministry of Finance for a paperless mode of payment. “For example, we are completing the Lagos-Ibadan Expressway, working on Makurdi to 9th Mile in Enugu State, and working on Abuja to Lagos Road. We are not just going to tollthem, we are bringing confidence in the use of these roads.
If people can travel at night because we are bringing security, where the response time will be 10 minutes on the entire corridor, where you have solar light permanently there and then reduce travel time, and through the tolling, the roads are maintained, then there will be confidence because Nigerians will pay if the roads are good,” he said.
He said before now, road developments had not been handled as investments but the administration of President Bola Tinubu has been handling road developments more professionally, saying that the current administration inherited a total of 300 damaged roads and bridges, adding that more road constructions would commence from October 1, 2024 across the six geopolitical zones of the country.
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Instablog9ja
3 hrs
13
The Federal Government has declared Tuesday, October 1 a public holiday to commemorate the Nation’s 64th Independence Anniversary.
Permanent Secretary in the Ministry of Interior, Dr Magdalene Ajani in a statement on Saturday said the Minister of Interior, Dr. Olubunmi Tunji-Ojo, made the declaration on behalf of the Federal Government.
The minister congratulated Nigerians at home and abroad on the occasion. Dr. Tunji-Ojo also praised the patient and hardworking Nigerian men and women, stating that their sacrifices will not be in vain.
“Aligning himself with the theme for the Anniversary, the Minister reiterated the need for Nigerians to reflect on the labour of our heroes past and be inspired for the tasks ahead, realizing that a Nigeria of our dream can only be built when we unite. While wishing Nigerians a Happy Independence Day Anniversary, Dr. Tunji-Ojo urged the citizens to continue to be steadfast in nation-building”, the statement added.
Investopedia
3 hrs
14
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Stablecoin issuers could be looking at lower income as the Federal Reserve (Fed) kicked off its first rate cut cycle since 2020.
Each 50 basis point cut by the Fed could lead to a $625 million drop in total annual interest income for stablecoin issuers, according to a new report from digital asset data provider CCData.
Those hits could quickly add up as the Fed itself expects cuts totaling 50 basis points by the end of this year, and another 100 basis points by the end of next year.
Stablecoins are cryptocurrencies whose value is pegged to another cryptocurrency. Some of the most popular stablecoins have their value pegged to the U.S. dollar and keep a reserve in cash or equivalent investments—often U.S. Treasurys—to maintain that peg.
Centralized stablecoin providers, such as Tether (USDTUSD) and Circle (USDCUSD), have relied heavily on their holdings of U.S. Treasurys earning interest over the past few years as high interest rates drove up Treasury yields.
U.S. Treasurys make up the vast majority of reserves held by stablecoin issuers, at just over 80%. This amounts to holdings of nearly $125 billion worth of Treasurys.
Tether, the largest stablecoin by market cap, alone holds $93.2 billion worth of U.S. debt, which accounted for much of that digital asset company's $5.2 billion of profits in the first half of 2024, the CCData report said.
Bitcoin.com Director of Engineering Andrei Terentiev speculated on social media that lower interest rates could eventually push stablecoin providers and other financial institutions into riskier assets in an effort to earn a return on their reserves.
"With lower yields on safer assets, institutions often shift their focus toward 'risk-on' assets," Terentiev posted on the platform X. "Think stocks, crypto, and other investments that offer higher potential returns but come with greater risk," he wrote.
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Instablog9ja
5 hrs
9
Tongues wag as a lady pens an open letter to her future husband.
She said “dear future husband If I come over to your house, you don’t have to explain why you don’t have this or that. If you don’t have food or drinks, I’ll buy us some. If your home is messed up, I don’t care, I’ll help you clean it. If your TV is small, I don’t care, something is better than nothing. No cable, let’s play cards! No furniture, we can sit on the floor. You don’t have to feel bad or embarra§§ed it’s very normal. I’m your friend, I’m your family. I’m your woman”.
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Instablog9ja
6 hrs
12
Analyst Serah has shared her frustration after an experience in the female restroom at a lounge.
She said she can’t go into a female restroom and she is seeing a bunch of g@ys on wigs and lipstick. She is of the opinion that their own restroom show be created for them because woman needed their space.
