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Biafra: BRGIE launches Biafracoin website for digital savings, wealth creation

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Biafra Republic Government In-Exile has officially launched its Biafracoin Cryptocurrency website for easy savings and wealth creation for Biafrans and other users.

The Prime Minister of BRGIE, Simon Ekpa, disclosed this in a statement on Thursday through his official X handle.

He added that with USBT, the Bank of Biafra offers a whopping 18 per cent interest on Biafracoin investment staking while other investments provide a rate as low as 5 per cent.

“As Nigeria’s economy drifting, the government has provided alternatives for Biafrans and others who wish to save their wealth and money through Biafracoin on https://usbt.bankofbiafra.org

“With USBT, the Bank of Biafra offered 18 per cent interest on Biafracoin investment staking while others offered as low as 5 per cent”, he stated.

The development comes barely three weeks after BRGIE unveiled the Biafracoin.

https://nigeriannewssphere.com/biafra-brgie-launches-biafracoin-website-for-digital-savings-wealth-creation/?amp=1

Biafracoin is a decentralized cryptocurrency platform for selling and staking USBT tokens; eligible users are 18 years and above.

See details FAQs and Terms & Conditions of Biafracoin

Understanding Staking and Decentralized Finance at Biafra Buy/Stake Inc
What does Staking entail?

Staking within the realm of cryptocurrency involves the act of securing or immobilizing a designated quantity of tokens in a digital wallet to actively support the functionality and governance of a blockchain network. In exchange for their involvement, participants earn incentives, usually in the form of supplementary tokens. It parallels the concept of accruing interest in a conventional banking setting, albeit within the context of blockchain technology.

What Rewards Can I Obtain Through Staking with USBT?

With the USBT staking program, you can earn rewards on their staked tokens with our structured framework:
– After a 0-hours lockup period, you start receiving rewards based on the ROI at the time of your initial investment.

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What Risks Should I Be Aware of When Staking?

Although staking presents opportunities for rewards, it’s essential to consider potential risks:
– Market Volatility: Fluctuations in token value due to market conditions may affect the final value of staked tokens, potentially resulting in gains or losses.
– Liquidity Concerns: Tokens committed to staking are not readily available for trading or liquidation, which could pose challenges if immediate access to funds is required.
– Smart Contract Vulnerabilities: Inherent to blockchain activities, smart contracts governing staking operations may contain bugs or vulnerabilities, exposing staked assets to potential risks.

Legal Disclaimer

Blockchain investments, including staking, are subject to high market risk. Biafra Buy/Stake Inc. does not guarantee any returns on staking investments. We advise our community members to exercise due diligence and caution and to invest responsibly within their financial limits.

What is Decentralized Finance (DeFi) ?
Decentralized Finance (DeFi) embodies a suite of financial services built atop blockchain technology, primarily leveraging Ethereum. These platforms facilitate lending, borrowing, trading, and yield farming of cryptocurrencies, eliminating the necessity for conventional financial intermediaries such as banks. DeFi endeavours to establish an inclusive, transparent, and accessible financial ecosystem.

Additional Points to Note:
– Network Support: Staking plays a pivotal role in upholding the integrity and security of the blockchain network. Your active involvement contributes to its overall robustness.
– Tax Considerations: Keep in mind that staking rewards might trigger tax obligations depending on your jurisdiction. Seek guidance from a tax professional for tailored advice.
– Educational Resources: We advocate for the utilization of educational materials to gain a comprehensive understanding of blockchain technology, staking mechanisms, and DeFi protocols.
Remember, your engagement in staking and DeFi transcends mere investment; it signifies a commitment to fostering a decentralized future. This aligns with the mission of Biafra Coin Inc. to empower communities through renewable energy solutions and equitable financial frameworks.

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Terms and Conditions for Biafra Coin (USBT)

1 Introduction
Welcome to Biafra Coin (USBT). These Terms and Conditions govern your use of our services and the sale, purchase, and staking of USBT tokens. By accessing our platform, you agree to comply with these terms.

2 Services Offered
USBT provides a decentralized platform for the sale and staking of USBT tokens to support free energy research and offer decentralized financial services.

3 Eligibility
To use our services, you must be at least 18 years old or of legal age in your jurisdiction and have the legal capacity to enter into a binding contract.

4 USBT Token Sale and Purchase
Tokens are available for purchase during the public sale and subsequent periods as announced. The price of USBT tokens is subject to change based on market conditions.

5 Staking
Users can stake USBT tokens to earn rewards. Staking terms vary, and rewards are based on the duration of staking.

6 User Responsibilities
Users are responsible for the security of their own wallets and credentials. Users must comply with all applicable laws and regulations in their jurisdiction.

7 Risks
Cryptocurrency investments carry inherent risks, including market volatility and regulatory changes. Users should perform their own due diligence and invest responsibly.

8 Intellectual Property
All content, trademarks, logos, and service marks displayed on the platform are our property or the property of other third parties.

9 Disclaimer of Warranties
Our services are provided “as is” without any warranties of any kind, either express or implied.

10 Limitation of Liability
We shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or related to your use of our services.

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11 Indemnification
Users agree to indemnify, defend, and hold harmless USBT and its affiliates, officers, agents, employees, and partners from any claim or demand, including reasonable attorneys’ fees.

12 Amendments to Terms
We reserve the right to modify these terms at any time. Continued use of our services following such changes constitutes your acceptance of the new terms.

13 Governing Law

These terms shall be governed by and construed in accordance with the laws of the jurisdiction in which USBT is registered.

14 Dispute Resolution
Any disputes arising from these terms will be resolved through arbitration in accordance with the rules of the jurisdiction.

15 Contact Information

For any inquiries or complaints regarding our services, please contact us through our official channels or https://usbt.bankofbiafra.org

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Business

Uba Sani: Least Paid Worker In Kaduna Earns N72,000

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Uba Sani, governor of Kaduna, says no worker in the state earns less than N70,000 as salary in compliance with the new minimum wage.

Sani spoke on Thursday at Murtala Square in Kaduna on occasion the Workers’ Day celebration.

The governor said the least paid worker in the state earns N72,000, noting that he believes in the dignity of labour, adding that the issue of incremental adjustment of salaries would be addressed soon.

“I have been involved in the struggle for labour rights, workers’ rights. That is my antecedent. Because of my background, I sat down with the leadership of the Nigerian Labour Congress (NLC),” Sani said.

“I made it clear to them that though we have met the minimum wage requirement but there is something called incremental adjustment which is discretionary.

“Because of my relationship with both NLC and TUC, I asked them that we should sit down and come up with a formular that will make every worker in Kaduna state happy, irrespective of his or her status and they came up with three different options.

“Today, I want to reaffirm to all of you here that by the grace of God, we will look at the incremental adjustment and ensure that even senior civil servants will benefit because we have to make our workers happy.’’

The governor added that his administration also prioritises improving the living conditions of pensioners.

He said the state government has released N3.8 billion to settle outstanding gratuities, death benefits, and accrued rights under the contributory pension scheme in April.

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“Since the inception of our administration, we have cumulatively paid the sum of N10.4 billion in gratuity, death benefits, and accrued rights in the Contributory Pension Scheme,” Sani said.

The governor said the payment of such a huge sum to pensioners is “unprecedented.”

Commenting on the ongoing industrial action by the Kaduna State University branch of the Academic Staff Union of Universities (ASUU), Sani said his administration has done everything to reposition the school.

According to him, more than 60 percent of the courses were not accredited when he assumed office, but his administration spent over N300 million to secure National Universities Commission (NUC) accreditation.

The governor said the striking lecturers’ demands had accumulated over 17 years, with about three of his predecessors unable to settle the liabilities, which now total between N5 billion and N6 billion.

“In spite of this, the lecturers want us to settle these liabilities now, and I said no. I said that we have to sit down and have a dialogue. I then asked them, where were their voices in the last 17 years?” he said.

He promised that the problem would be addressed owing to the importance of education, which he described as the “greatest leveller”.

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PETROAN Asks FG To Prioritise Welfare Of Oil, Gas Workers

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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has asked the government to prioritise the welfare of oil workers, given the hazardous nature of their work.

In a statement on Thursday, Billy Gillis-Harry, PETROAN’s president, hailed oil and gas workers across the country on Workers’ Day.

According to Joseph Obele, PETROAN’s spokesperson, Gillis-Harry, while addressing journalists in Abuja, appealed to the government and stakeholders in the industry to improve welfare packages and expand health insurance for oil workers.

“Studies have shown that workers in areas where gas flaring is prevalent are at high risk of several health challenges, which can affect them physically, mentally and even increase cancer risks,” Gillis-Harry was quoted as saying.

The association said gas flaring remains a serious problem in Nigeria’s energy industry, exposing workers and nearby communities to harmful health and environmental effects.

The group said the impact of gas flaring highlights the urgent need for better health protection and general welfare for those working in the sector.

According to the statement, Gillis-Harry urged regulatory bodies to strictly enforce existing laws aimed at stopping gas flaring in the country.

“It’s imperative that we prioritise the health and well-being of our workers and protect the environment from the harmful effects of gas flaring,” the president said.

The spokesperson said PETROAN believes ending gas flaring would reduce its harmful impact on workers and host communities and help build a more responsible oil and gas industry.

Obele said PETROAN commended governors who have started paying the new minimum wage, especially those paying above the set rate.

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“Billy Gillis-Harry called on governors who are yet to comply to do so in the shortest possible time, emphasising the need for workers to receive fair compensation for their labour,” he said.

He said the association also reaffirmed its commitment to collaborating with stakeholders to support oil and gas workers and ensure safe and healthy working environments.

Obele said PETROAN is of the view that better welfare and an end to gas flaring would boost productivity, reduce accidents, and raise performance across the industry.

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Business

MTN Nigeria posts N1trn revenue surge

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MTN Nigeria Communications Plc generated N1.0 trillion in service revenue in the first quarter of 2025.

This marks a 40.5 per cent increase from the N752.99 billion earned in Q1 2024.

The company confirmed this in a corporate filing with the Nigerian Exchange Ltd. on Tuesday.

Profit after tax dropped by 134 per cent, falling to N133.7 billion from N392.7 billion in the same period of 2024.

Its total subscriber base grew by 8.2 per cent to 84.1 million, with 3.2 million new additions in Q1 2025.

Active data users rose by 13 per cent to 50.3 million, following the addition of 2.6 million users.

EBITDA climbed 65.9 per cent to N492.7 billion, while EBITDA margin improved by 7.2 percentage points to 46.6 per cent.

The company recorded free cash flow of N209.9 billion and earnings per share stood at N6.38.

MTN Nigeria CEO, Karl Toriola, expressed satisfaction with the Q1 2025 results, citing strong strategic execution and resilient service demand.

He said momentum from Q4 2024 had helped put the firm on track to restore profitability and achieve a positive net asset position.

He added that regulatory approval for price adjustments was essential to sustain investment and maintain service quality.

This approval enabled N202.4 billion in capital expenditure, up 159 per cent, aimed at expanding capacity and enhancing user experience.

Toriola said the 40.5 per cent growth in service revenue underscored strong demand and commercial discipline.

He noted that Q1 results do not yet reflect the full impact of price changes made late in the quarter. (NAN)

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