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No proof bitcoin, others boost economy— Ronak Gadhia


Vanguard News
No proof bitcoin, others boost economy Ronak Gadhia
On
By Nkiruka Nnorom
Ronak Gadhia is the Director of Sub-Saharan Banks & Research, EFG Hermes Frontier. In this interview, he speaks on the ban on cryptocurrency trading in Nigeria, saying that volatility and lack of regulation in the cryptocurrency space could have a significant negative impact on Nigerians in case of sudden correction in the value of the assets.
The Central Bank of Nigeria, CBN, has given reasons for the ban on cryptocurrency in Nigeria. Do you have a contrary opinion?
Apart from the reasons highlighted by the CBN which include that trading in cryptocurrency is unconstitutional, not a store of value, volatility, and speculative risk, I think the CBN may have also been prompted to act due to the potential for perpetuating illegal scams and money laundering activities on the platform. ....

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Primary Healthcare workers suspend strike in Bayelsa


Vanguard News
Primary Healthcare workers suspend strike in Bayelsa
On
By Samuel Oyadongha – Yenogoa
The Bayelsa State Chapter of Medical and Health Workers’ Union of Nigeria (MHWUN) has suspended the industrial action embarked upon by its members on Feburary 12.
Chairman of MHWUN, Bayelsa State, Barnabas Simon, on Sunday, said the decision to suspend the strike was taken after a meeting of the State Executives of the union last Friday in Yenagoa.
According to him, the decision is sequel to the approval of the implementation of primary health care workers promotion arrears with effect from March salary.
He said that the union also considered the very essential nature of health services provided by the primary health care workers across the eight council areas of the state in suspending the action to await the implementation of its demands. ....

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