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Shiba Inu’s listing on Bitstamp postponed until 2022

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Shiba Inu is once again in the spotlight, after Bitstamp, European top crypto exchange published an update on the coin’s listing.

Bitstamp announced that it was experiencing technical difficulties with Shiba Inu. Shiba Inu was put under some pressure as a result of this news, and the coin continued to fall in value.

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In a tweet, Bitstamp stated: “No worries, we haven’t changed our minds! As you know, we needed to postpone our Shiba Inu listing. We’ve been having some technical difficulties with the integration. Rest assured it’s happening, but in 2022!”.

The new listing has sparked a wave of enthusiasm among Shiba Inu fans, as well as hope for many more first-time investors. Many additional exchanges are interested in listing this meme coin, which is increasing in value by the minute.

At the time of writing, Shiba Inu was priced at $0.00003304 and had taken a plunge by 1.57% in the last 24 hours and 4.69% in the last week.

Why this matters 

Any coin’s placement on an exchange is critical since it expands the pool of possible investors. A successful listing usually results in a rally. Shiba Inu, for example, rose from $0.000039 to $0.000054 at the end of November when Kraken confirmed it will be available on the exchange.

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However, it should be noted that Kraken listing failed to provide longer-term support for Shiba Inu, and the coin is trading lower after the initial rally.

The fact that Shiba Inu is listed on Bitstamp has a significant influence, as SHIB was able to achieve this functionality in less than two years after its inception.

Bitstamp isn’t just another trading platform; it’s the most reputable and user-friendly tool used by European investors. Bitstamp is the largest exchange in Europe and claims to have 4.4 billion users all over the world.

Source: NairaMetrics

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FG says Lagos Marine Bridge rehabilitation is 66% complete

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1642869302 Marine Bridge

The Federal Government, on Saturday, January 22, revealed that the ongoing rehabilitation works on the Marine Bridge Apapa, Lagos, is at 66% completion stage.

According to NAN, this was made known by the Federal Controller of Works in Lagos State, Mr Olukayode Popoola, during an interview, where he said that the rehabilitation of the bridge was being done in phases.

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Popoola said that 24 expansion joints and 120 bearings had been replaced in previous phases adding that the new phase of rehabilitation works that began on Monday, will have 40 additional bearings and 6 expansion joints being replaced.

What the Federal Controller of Works is saying

Popoola during the interview said, “For this particular section that we just closed, we are going to replace 40 bearings and six numbers expansion joints. Previously, we have changed 120 bearings and 24 number expansion joints. The repair is a carryover from last year.

“The contract was awarded in September 2019, and the contractor started work in October, 2019 with the rehabilitation of failed sections of the bridge. The contractor has achieved 66.19 per cent completion and so far.

“Repair works have been carried out on two sections of the bridge with the replacement of 120 bearings, 24 expansion joints and the resurfacing of 610m of asphalt.

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“The partial closure of the bridge on Monday is to allow the contractor rehabilitate the damaged section, which will involve the replacement of 40 bearings and six number expansion joints.’’

Popoola explained that the repair works in the new phase would be completed by April 2022.

He appealed to motorists to obey traffic regulations around the construction zone where traffic was partially diverted to avert gridlock.

In case you missed it

Recall that a few days ago, the Lagos State Government announced that it will partially close the Marine Bridge from Monday, January 17 to Saturday, April 2, 2022, for emergency repair works on the infrastructure.

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The government stated that the partial closure was to allow the Federal Government carry out routine maintenance works on the bridge infrastructure.

The rehabilitation work on Marine Bridge first began on September 29, 2021, with the diversion of traffic for a period of 12 weeks to allow the Federal Government commence emergency repair works on different sections of the bridge.

... FG says Lagos Marine Bridge rehabilitation is 66% complete Read More on ... Nairametrics.

Source: NairaMetrics

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Business News

FG says Lagos Marine Bridge rehabilitation is 66% complete

Published

on

1642869302 1642869302 144 Marine Bridge

The Federal Government, on Saturday, January 22, revealed that the ongoing rehabilitation works on the Marine Bridge Apapa, Lagos, is at 66% completion stage.

According to NAN, this was made known by the Federal Controller of Works in Lagos State, Mr Olukayode Popoola, during an interview, where he said that the rehabilitation of the bridge was being done in phases.

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Popoola said that 24 expansion joints and 120 bearings had been replaced in previous phases adding that the new phase of rehabilitation works that began on Monday, will have 40 additional bearings and 6 expansion joints being replaced.

What the Federal Controller of Works is saying

Popoola during the interview said, “For this particular section that we just closed, we are going to replace 40 bearings and six numbers expansion joints. Previously, we have changed 120 bearings and 24 number expansion joints. The repair is a carryover from last year.

“The contract was awarded in September 2019, and the contractor started work in October, 2019 with the rehabilitation of failed sections of the bridge. The contractor has achieved 66.19 per cent completion and so far.

“Repair works have been carried out on two sections of the bridge with the replacement of 120 bearings, 24 expansion joints and the resurfacing of 610m of asphalt.

Advertisement

“The partial closure of the bridge on Monday is to allow the contractor rehabilitate the damaged section, which will involve the replacement of 40 bearings and six number expansion joints.’’

Popoola explained that the repair works in the new phase would be completed by April 2022.

He appealed to motorists to obey traffic regulations around the construction zone where traffic was partially diverted to avert gridlock.

In case you missed it

Recall that a few days ago, the Lagos State Government announced that it will partially close the Marine Bridge from Monday, January 17 to Saturday, April 2, 2022, for emergency repair works on the infrastructure.

Advertisement

The government stated that the partial closure was to allow the Federal Government carry out routine maintenance works on the bridge infrastructure.

The rehabilitation work on Marine Bridge first began on September 29, 2021, with the diversion of traffic for a period of 12 weeks to allow the Federal Government commence emergency repair works on different sections of the bridge.

... FG says Lagos Marine Bridge rehabilitation is 66% complete Read More on ... Nairametrics.

Source: NairaMetrics

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Continue Reading