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The Nigerian Exchange Limited (NGX) is collaborating with the Central Securities Clearing System (CSCS) Plc and Euroclear to develop a dollar settlement platform for tech startups. The platform aims to provide tech companies with the opportunity to raise capital in dollars, catering to their preference for private markets over public markets. The initiative involves relaxing listing requirements and creating a technology board for fintech and tech firms to access capital. The partnership seeks to address settlement issues that hinder fintech's access to capital in US dollars on the public market. NGX also emphasizes the need for deliberate policies to drive listings on the exchange's platform.
The Nigeria Supreme Council for Islamic Affairs (NSCIA) has called for the reversal of sanctions imposed on Niger. ECOWAS chair, Bola Tinubu, has proposed a dialogue-oriented approach with the coup leaders in Nigeria. This article discusses the importance of diplomatic negotiations for the restoration of constitutional governance in Niger.
The Economic Community of West African States (Ecowas) is focusing on a political solution to the crisis in Niger, despite the new military junta's hardline stance. Ecowas President Bola Tinubu emphasized the importance of prioritizing diplomacy at the Niger crisis summit held in Abuja. While a military intervention has not been ruled out, Ecowas has threatened the coup leaders with restoring the constitutional order by force if they refuse to reinstate democratically elected President Mohamed Bazoum. The junta, however, has shown no intention of relinquishing power or backing down.
Leaders from the Economic Community of West African States (ECOWAS) are set to convene an emergency summit in Abuja to discuss the recent coup in Niger. The military chiefs responsible for the coup have defied calls to reinstate the elected president, prompting ECOWAS to explore both diplomatic and potential military solutions. This gathering is expected to yield important decisions regarding the crisis. The possibility of military intervention has raised concerns within ECOWAS and neighboring countries, with some warning of dire consequences. The coup leaders' rejection of a joint delegation has added complexity to the situation. In a surprising twist, a former Nigerian emir has disclosed his mediation efforts with the coup leaders. The detention and reportedly deplorable living conditions of President Bazoum have also drawn international attention. This coup is the fifth in Niger's history, intensifying calls for an end to such unconstitutional seizures of power.
Lagos state Governor, Babajide Olusola Sanwo-Olu, has expressed the state's readiness to collaborate with the Polish Government to enhance economic activities and development. The partnership aims to strengthen trade relationships and explore new opportunities between Poland and Lagos state.
Musa Isa Salmanu Rtd, father of the brilliant boy, Isa Salmanu, attributes his son's outstanding performance in the 2023 West African Senior School Certificate Examination (WASSCE) to curiosity and determination. Isa, who scored A1 in all nine subjects, has received praise and admiration nationwide. Musa highlights the family's recognition of Isa's exceptional abilities at a young age and their unwavering support as contributing factors to his success.
Former Nigerian emir Sanusi Lamido Sanusi has announced his presence in Niamey, Niger, for mediation talks with the military regime following a coup d'état. He met with General Abdourahamane Tiani, the new strongman of Niger, to discuss the situation. Sanusi Lamido Sanusi, a close friend of the Nigerian leader, emphasized the need for dialogue and expressed concern for the detained president, Mohamed Bazoum. As the situation unfolds, both diplomatic and military intervention options are being considered.
Taraba state Governor, Dr. Agbu Kefas, has approved the engagement of 10,000 youth with N15,000 monthly allowances as part of his administration's palliative measures to alleviate the impact of the fuel subsidy removal on the state citizens. The Governor also plans to implement the Federal Government approved minimum wage and offer subsidized transportation fare for farmers. Additionally, measures are being taken to provide free seedlings and fertilizers to farmers and explore waste-to-wealth opportunities through the state's digital economy initiative.
Latest news summary in Nigeria
A new library in a primary school classroom in Lagos, Nigeria is transforming the lives of students. Through access to books, students like Abigail Babatunde are improving their reading skills, expanding their knowledge, and becoming more engaged in class. This article explores the impact of the library on education in Lagos and highlights the importance of providing resources for students to thrive.
The Boiling Point Arena, a popular monthly online discourse on governance and national development, will host Dr Yemi Farounbi and Prof. Olutayo Adesina as they delve into the topic of Nigeria's federalism and the need to rethink the system of government. The event will be held on August 13, 2023, and will be broadcast live by Sweet 107.1FM. The discussion aims to address the foundational identity crisis of Nigeria and explore potential solutions for the country's progress.
SAP has launched the first AppHaus in Africa, located in Pretoria. The AppHaus promotes a human-centered approach to innovation and provides access to a diverse team of experts. It aims to support African organizations in their digital transformation journeys by offering innovative solutions to their business challenges.
Pumas UNAM has sold Jorge Ruvalcaba to Belgium, leaving a void in their squad. Despite not being a regular starter, Ruvalcaba was a trusted substitute for coach Mohamed. With the funds from the transfer, Mohamed aims to find a replacement, but his interest in Argentine talent Federico Redondo seems impossible due to the player's limited options. This article explores Ruvalcaba's departure and the challenges Pumas UNAM face in finding a suitable replacement.
The Lagos Chamber of Commerce and Industry (LCCI) has advised President Bola Tinubu to prioritize strategic dialogue over the hasty deployment of Nigerian troops in Niger. LCCI President, Dr Michael Olawale-Cole, expressed concerns over the potential consequences of war and emphasized the importance of resolving Nigeria's internal security challenges before engaging in external conflicts. The chamber urged ECOWAS leaders to pursue political, consultative, and diplomatic engagements as a means to achieve peace in the sub-region.
Nigerians residing in border regions with Niger are urging ECOWAS to reconsider its sanctions on the country after the recent coup. The closure of land borders has resulted in a halt of business activities and a surge in the cost of living. This article explores the concerns and potential consequences of the sanctions.
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