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Ndoma
Barack Obama Congratulated Joe Biden And Kamala Harris On Their US Election Win.
~1.4 mins read
Former US president, Barack Obama, congratulated US president-elect, Joe Biden, and his vice president-elect, Kamala Harris on their election win.
In a statement shared online, Obama wrote:
"I could not be prouder to congratulate our next President, Joe Biden, and our next First Lady, Jill Biden."I also couldn’t be prouder to congratulate Kamala Harris and Doug Emhoff for Kamala’s groundbreaking election as our next Vice President."In this election, under circumstances never experienced, Americans turned out in numbers never seen. And once every vote is counted, President-Elect Biden and Vice President-Elect Harris will have won a historic and decisive victory.US election: Joe Biden reacts after winning presidency"We’re fortunate that Joe’s got what it takes to be President and already carries himself that way. Because when he walks into the White House in January, he’ll face a series of extraordinary challenges no incoming President ever has – a raging pandemic, an unequal economy and justice system, a democracy at risk, and a climate in peril.
Barack Obama congratulates Joe Biden and Kamala Harris

Barack Obama congratulated Joe Biden and Kamala Harris on their US election win. Image: Jessica McGowan/ Getty Images

"I know he’ll do the job with the best interests of every American at heart, whether or not he had their vote. So I encourage every American to give him a chance and lend him your support. The election results at every level show that the country remains deeply and bitterly divided. It will be up to not just Joe and Kamala, but each of us, to do our part – to reach out beyond our comfort zone, to listen to others, to lower the temperature and find some common ground from which to move forward, all of us remembering that we are one nation, under God.
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Ndoma
Emefiele Says The Decision To Ban Cryptocurrency Trading Is In The Best Interest Of Nigerians.
~2.4 mins read
The Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele, has clarified the recent decision of the apex bank concerning cryptocurrency, saying it is in the best interest of Nigerians.
The CBN chief made the comment on Tuesday, February 23 when he appeared before a joint Senate committee that summoned him over the directive.
Vanguard quoted him as saying cryptocurrency is not a legal tender in most nations of the world as it is not regulated by any Central Bank.
We acted in best interest of Nigerians by banning cryptocurrency, says Emefiele

Emefiele says the decision to ban cryptocurrency trading is in the best interest of Nigerians. Photo credit: @cenbank

Nigeria has highest number of poor people In the world, says Gov El-rufai
Meanwhile, a survey carried out by the World Economic Forum has revealed that Nigeria tops the list of countries using cryptocurrency globally.
According to the report, reliance on remittances and the prevalence of peer-to-peer phone payments have led to a steep rise in cryptocurrency use in Africa's largest economy.
In a related development, the Digital Rights Lawyers Initiative (DRLI) has taken steps to reverse the directive of the CBN.
The group has approached the Federal High Court in Lagos, urging the court to quash the directive prohibiting banks from dealing in cryptocurrencies and closing down suspected bank accounts.
On her part, Nigeria's former minister of education, Dr. Oby Ezekwesili has stated that the CBN should have:
1. Map all the legitimate risks associated with cryptocurrency
2. Gather a subset of the super brilliant Nigerian young minds in the financial technology market and
Good news for Nigerians as CBN, SEC move to make favourable decision on cryptocurrency
3. Listen and learn more.
Research had earlier shown that in 2020 alone, over $400,000,000 (190 billion naira) worth of cryptocurrency was traded by Nigerians; a large amount of this volume was processed by Nigerian exchanges.
For instance, Buycoins, an indigenous cryptocurrency exchange, had $141,395,605 traded on its platform in 2020 alone. The company had previously raised $1.2million from foreign investors to expand its operations.
Indigenous exchanges provide value to the country through tax revenues as well as the added benefit of making Nigeria a stakeholder and avid competitor in the $1trillion cryptocurrency market.

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