General
The James Wynn Trap: Andrew Tate’s Leverage Lesson That Every Trader Should Learn
In a dramatic example of how leverage can turn trading into a minefield, entrepreneur and influencer Andrew Tate recently exposed a trading trap involving a lesser-known figure named James Wynn. Tate’s commentary has ignited debate across financial circles, particularly for novice traders enticed by high-risk, high-reward strategies.
The incident centers around James Wynn, a trader who claimed to have made impressive gains using extreme leverage on a volatile asset. According to Tate, this success story was more illusion than inspiration—a “trap” designed to sell courses, gain followers, or simply showcase a false sense of expertise. Tate labeled the practice as dangerous, pointing to the unsustainable nature of leveraged trades in unpredictable markets.
“If you win on 100x leverage, you’re not a genius — you’re lucky,” Tate warned in a now-viral video clip. “And luck always runs out.”
The key takeaway? Leverage is not inherently evil, but when wielded irresponsibly, it becomes a ticking time bomb. Many aspiring traders are lured by the dream of rapid wealth, overlooking the fact that leverage magnifies both gains and losses. Tate’s perspective serves as a cautionary tale rooted in firsthand experience.
His critique also highlights a broader issue within trading communities—many social media personalities glamorize gains while downplaying the risks. According to a report by the Financial Times, an increasing number of retail traders suffer significant losses due to overleveraged positions, often driven by misleading content and FOMO-fueled decisions.
For those entering the markets, Tate’s message is clear: if someone showcases gains from extreme leverage, ask yourself what they’re selling, what they’re not showing, and how sustainable that strategy really is. Real trading success, as he argues, comes from discipline, risk management, and long-term vision not flash-in-the-pan wins from 100x gambles.
While controversial and polarizing, Tate’s warnings tap into a hard truth many prefer to ignore. The lesson isn’t about Wynn himself it’s about the seductive illusion of easy money and the very real consequences when leverage is misused.
For aspiring traders and veterans alike, the Wynn trap is a timely reminder: in markets as unforgiving as crypto or forex, knowledge and caution are your most valuable currencies.
General
FIRS Officially Transitions into NRS
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) has unveiled its institutional brand identity as it officially transition from the Federal Inland Revenue Service (FIRS) to the newly established revenue collection agency as gazetted.
The transition was marked with the unveiling of the agency’s new logo, according to a statement from Mr Dare Adekanmbi, special adviser to the chairman of NRS, Mr Zacch Adedeji.
Speaking at the unveiling event in Abuja on Wednesday, Mr Adedeji said the new identity represents a significant milestone in the evolution of Nigeria’s revenue administration framework.
The taxman said the unveiling reflects a renewed commitment to a more unified, efficient, and service-oriented revenue system aligned with Nigeria’s economic transformation agenda and global best practices.
He said the new identity signals continuity of purpose, strengthened institutional capacity, and a forward-looking approach to supporting taxpayers and national development.
According to the statement, the NRS said it remains committed to transparency, partnership, and service excellence.
“The unveiling of this new identity represents not an end, but the beginning of a strengthened relationship between the revenue authority and the Nigerian public—built on trust, clarity, and shared prosperity,” the statement reads.
It was also stated that the service came into operation following the signing of its enabling law — the Nigeria Revenue Service Establishment Act 2025 — by President Bola Tinubu in June.
General
FG Eyes Trade, Jobs, Investment in Revalidated Ondo Deep Sea Port Project
By Adedapo Adesanya
The federal government says it has taken a decisive step to unlock Ondo State’s maritime and industrial potential with the revalidation of the Ondo Deep Sea Port licence, signalling fresh momentum for trade, jobs, and investment in the South-West state.
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, formally presented the revalidated certificate to Governor Lucky Aiyedatiwa of Ondo State at his office in Abuja, noting that the revalidation served as a major milestone and a strategic federal intervention to harness the state’s vast blue economy resources.
He said the deep sea port would serve as a catalyst for trade expansion, industrialisation and regional economic integration, in line with the Federal Government’s economic diversification agenda.
“The Ondo Deep Sea Port is not just a project for Ondo State; it is a national asset that will boost Nigeria’s competitiveness in global shipping, ease congestion at existing ports and create a new hub for exports, manufacturing and job creation,” Mr Oyetola said.
He added that the port’s Atlantic corridor location would enhance non-oil exports, improve the ease of doing business and attract foreign direct investment to the South-West and the wider economy.
According to him, the revalidated licence provides clarity and confidence for investors, reinforcing Nigeria’s readiness for large-scale maritime investments.
Receiving the certificate, Mr Aiyedatiwa thanked President Bola Tinubu and the Federal Executive Council (FEC) for approving the revalidation, describing it as the outcome of years of sustained effort.
He explained that the original licence had faced delays due to a naming error in the initial business case, necessitating a fresh and comprehensive submission.
“This revalidated certificate is a turning point for Ondo State, affirming our vision for industrial growth, job creation and sustainable development anchored on our coastline and maritime assets,” the governor said.
Mr Aiyedatiwa said his administration was prioritising supporting infrastructure, including the dualisation of access roads to industrial zones and modernisation projects.
He added that plans were also underway for residential, educational and hospitality facilities to support the anticipated influx of investors and workers.
The governor reaffirmed that the port and its ancillary projects would drive inclusive development across all local government areas of the state.
General
Egbin Power’s Youth-Centred Social Investment Deepens Community Cohesion
By Modupe Gbadeyanka
The Personal Corporate Social Responsibility (PCSR) initiatives of Egbin Power Plc have continued to deepen social cohesion, empower young people, and strengthen relationships across its host communities.
One of these programmes is the company-sponsored annual football tournament for host communities. This tournament has continued to serve as a unifying platform for youth development, positive engagement, and shared identity among neighbouring communities.
The 2025 edition, which was recently concluded, saw Alanu-Omo FC defeating Dragon Ipakan FC with a 1–0 victory in a closely contested encounter, capping weeks of spirited participation marked by discipline, camaraderie, and exemplary.
From the opening fixtures to the final match, the programme featured 16 teams drawn from the host communities, with participants displaying not only skill and competitiveness but also camaraderie and respect for fair play—reinforcing the programme’s positive social impact over the years.
At the end of the competition, Alanu-Omo FC emerged champions and received a cash prize of N1 million, while the runners-up and third-place teams received N700,000 and N500,000, respectively.
The competition, now in its fourth edition, was held at the Egbin Power sports field, brought together young people from neighbouring communities, encouraging positive interaction, mutual respect, and a shared sense of purpose.
Over the years, the event has consistently demonstrated the GenCo’s belief that sustainable development thrives where communities are united and actively engaged.
Speaking on the significance of the programme, the Head of Corporate Communications and Branding at Egbin Power, Mr Felix Ofulue, described the initiative as a strategic investment in people and communities.
“At Egbin Power, we are deeply passionate about initiatives that bring people together and create lasting value. This programme has grown into a platform for nurturing talent, engaging young people constructively, and strengthening bonds across communities.
“Beyond recreation, it instils critical life skills such as teamwork, leadership, discipline, and resilience, qualities that are essential for personal growth and societal progress,” Mr Ofulue said.
He added that the objective is to evolve the initiative into a unifying force that strengthens relationships across communities while reinforcing Egbin Power’s brand as a responsible and people-centred organisation.
Captain of the winning team, Alanu-Omo FC, Mr Samad Ojikutu, expressed appreciation to Egbin Power for its sustained commitment to youth empowerment.
“We commend Egbin Power for consistently creating opportunities for young people in the host communities. This is a programme we always look forward to. Winning is exciting, but what matters most is the unity we experience as a team and as a community. It reminds us that we can achieve so much more when we work together,” he said.
Also commenting, a community leader and retired Grade 1 referee, Prince Samson Ekundayo, described the initiative as impactful and timely.
“Programmes like this are critical for community development. They provide young people with opportunities to showcase their talents, while also learning the values of cooperation, discipline, and respect,” he noted.
Egbin Power reiterated that initiatives of this nature remain central to its commitment to inclusion, empowerment, and sustainable community relations, noting that deliberate investments in youth and social cohesion are essential for building trust, strengthening brand affinity, and driving long-term shared value.
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