The Business Man

I first heard about Bitcoin in 2013 and as at that time, the exchange rate to the dollar was more than USD20,000 to 1BTC. Now it just USD662 to 1 BTC. This is just one of the Cryptocurrencies What are Cryptocurrencies? A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. See more here https://www.cryptocoinsnews.com/cryptocurrency/. According to google it is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. "decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation" Why I love them the most is that they are not controlled by...

2021 Update on Nigerian Treasury bills(NTB)  The strategies mentioned below no longer work for individuals unless you are an institutional investor and the yield has not been impressive in recent times. However some banks and mutual funds still operate it for individuals by putting the money together and investing as a single entity. Introduction I once had a long talk with an old friend, trying to catch up on what he has been up to and we started talking about the stock market, the economy and other related matters. He told me how he was able to grow some cash deposits made by his uncle in his bank over the years in spite of all the economic downturn.   At the time when he received the cash deposits, he was just a newly employed bank staff and needed the deposits to keep his job.   With his position at the bank and his burning passion to add value to the funds entrusted to him he was able to find ways of growing the funds considerably. He went on to explain that ...