Insightforge blog

  The commodification of a currency involves transforming it into a tangible, tradable asset with intrinsic value, aiming to enhance stability, investor attractiveness, and international value. Nigeria's Naira (NGN) faces challenges, but a strategic approach, including the use of cassava and effective monetary policies, can address these issues. Historical Perspective: Traditionally, currencies were tied to physical commodities like gold. Today, most countries use fiat currencies, deriving value from government stability and trust. Cassava's Role: Cassava, a staple in Nigeria and a major global producer, offers ideal features for Naira's commodification: Versatility: With uses from food to industry, cassava supports economic sectors, bolstering Naira stability. Abundant Production: Nigeria's cassava abundance forms a robust foundation for value-added chains, meeting domestic and global demands. Export Potential: Investing in cassava-based exports, such as starch and bio...

  In a significant legal development, the Oyo State High Court has handed down a 75-year prison sentence to Amos Olaniyan for engaging in multiple investment fraud schemes. The verdict was delivered by Judge Bayo Taiwo in Ibadan, with the conviction extending to Olaniyan's firm, Detorrid Heritage Investment Limited. The Economic and Financial Crimes Commission (EFCC) disclosed that the Ibadan zonal command prosecuted Olaniyan on a 35-count charge related to obtaining money by false pretense. The EFCC statement revealed that Olaniyan, facing additional cases in federal and state high courts in Ibadan, was apprehended by the anti-graft agency and arraigned before Judge Taiwo on December 14, 2021. The charges centered on his alleged swindling of individuals through fictitious investment ventures, resulting in a financial loss exceeding N1 billion. Olaniyan's fraudulent activities were primarily associated with the "Crime Alert Security Network," a deceptive security inve...

In response to recent property demolitions in Lagos, Emmanuel Jonah, CEO of Obiman Group, emphasizes the importance of market research and staying updated on local regulations for fresh developers, particularly those of Igbo descent. The demolition of palatial houses in Amuwo Odofin raises concerns about property stability and investments in Lagos. Emmanuel Jonah advises developers to build a reliable network within the real estate community and understand the unique dynamics of the Lagos real estate market. Thorough market research, a solid business plan, and fostering good relationships are crucial for successful development ventures. Reflecting on his journey to entrepreneurship, Jonah highlights his humble background and the transformative impact of technology. His interest in both the tech sector and real estate stems from a desire to leverage opportunities for growth and stability. As Chairman/Founder of OBIMAN Group, overseeing subsidiaries like SmartBest Technology and Luxecraf...

  Bisade Ologunde, famously known as Lagbaja, is a musical icon hailing from Nigeria. Despite his career spanning decades, Lagbaja's mystique is as captivating as his music. Let's delve into the story behind the mask that defines his enigmatic persona. Lagbaja's musical journey began in the early 1990s, but his impact was felt most profoundly in the late '90s and early 2000s. His distinctive style extends beyond melodies to his stage presence, adorned in traditional attire reminiscent of masquerade costumes, with strategic openings around the nose and mouth. The essence of Lagbaja's musical identity lies in the mystery he cultivates. His stage name itself, translating to "Nobody" or "Faceless One," emphasizes this intrigue. Lagbaja has maintained an unwavering commitment to never performing with his face exposed, leaving fans and the internet abuzz with speculation about his true identity. Born on January 16, 1960, in Lagos, Nigeria, Bisade Olugu...

  In a dramatic turn of events, Anambra State-based traditional religion preacher, Mathias Ezeaku, has been apprehended by the Nigerian Police Force. Ezeaku, known for his outspoken criticism of pastors and their alleged fake miracles, faced arrest after challenging Pastor Ebuka Obi's claim of a 50-day fast without food. The arrest unfolded at a community town hall in Nkpor, near Onitsha, where Ezeaku's worship center is located. Shockingly, the police operation resulted in gunfire, injuring a member of the center. Ezeaku and his followers resisted arrest, capturing the chaotic scene in a video that has since gone viral on social media. Ezeaku, operating a traditional worship center, has been a vocal critic of various pastors, accusing them of making boastful and unsubstantiated claims. The preacher's Sunday morning arrest at his worship center sparked protests from his followers, who marched to the Police Annex in Awkuzu to decry the lack of proper identification and arres...

  Secret Help specialists safeguarding US president Joe Biden?s granddaughter open gunfire after punks attempt to break into SUV Secret Help specialists relegated to safeguard US President Joe Biden's granddaughter, Naomi Biden started shooting late Sunday on a gathering endeavoring to break into a plain Mystery Administration vehicle in Washington, DC, authorities said.   "On Nov. 12 around 11:58 p.m. in the Georgetown neighborhood of Washington, DC, Secret Help specialists experienced conceivably three people breaking a window on a left and empty government vehicle," the organization's representative, Anthony Guglielmi, said in an explanation.   "During this experience, a government specialist released a help weapon and it is accepted nobody was struck. The wrongdoers promptly ran away from the area in a red vehicle and a provincial post was given to supporting units. There was no danger to any protectees and the episode is being researched by the DC Metropolit...