The proliferation of dubious investment schemes that often result in loss of money by unsuspecting members of the public continues to make the role of financial literacy imperative. To play its part, Nigeria’s leading bourse, The Nigerian Stock Exchange (NSE or The Exchange) has issued the second edition of its comic, StockTown, dedicated to providing financial literacy education to Nigerians.


The comic, available in digital format on a dedicated website at www.nse-stocktown.com builds on The Exchange’s advocacy for safe and trusted investment schemes. 


The story picks up from the first edition, following the life of Mora Johnson as she seeks to liberate her family from their financial struggles by investing in the capital market. This second edition highlights some major lessons for potential and existing investors including the need for vigilance in avoiding Ponzi schemes and unregulated investments, whilst advising prospective investors to seek proper guidance before making investment decisions. Readers can look forward to a simplified explanation of the history of the capital market, its evolution over the years, and how anyone can start making investments today in the Frequently Asked Questions (FAQs) section of StockTown. 


Commenting on the importance of this comic book, Head, Corporate Communications, NSE, Olumide Orojimi said, “Investor Education is a priority for us at The Exchange. We have identified the need to empower individuals across all levels to make good financial decisions and better their lives now and in the future. As the investment landscape continues to evolve to accommodate more retail participants, we are excited to leverage new and existing platforms to present investment products and processes in ways that are both appealing and easy to understand, particularly in this new normal. We hope that StockTown becomes a widely-read resource for potential and existing investors, the financially excluded, millennials and the larger public.” 


StockTown is just one of the many ways NSE demonstrates its strong commitment to promoting financial literacy in Nigeria. Even amidst the Coronavirus pandemic and the temporary closure of The Exchange’s facilities, NSE continues to host virtual financial literacy workshops with students and young upwardly mobile professionals. Furthermore, The Exchange has hosted several webinars on various products including Exchange Traded Funds (ETFs), Green Bonds, and Securities Lending to provide more information to the market on available securities and how to trade them. 


It should also be recalled that NSE is a member of the Financial Literacy Technical Committee of the Securities and Exchange Commission (SEC); as well as the National Finance Inclusion Steering Committee led by the Central Bank of Nigeria with a mandate to reduce the level of financial exclusion in Nigeria to 20%.

NSE

#Africa

As we edge closer to Industry 4.0, nowhere in the world will you find the same pace or scale of change as here in Africa.

Today, 850 million people across Africa and the Middle East are connected to mobile broadband. In just five years’ time, this number will almost double, according to the latest Ericsson Mobility Report. The impact of this will be far reaching.

It will also accelerate an exponential demand for data. By 2024, mobile data traffic in the region will rise by up to a third year-on-year – by far the highest growth rate worldwide according to the Ericsson Mobility Report.

Africa isn’t just playing catch up. There is a real buzz here about the extent to which connectivity can impact the continent’s sustainability efforts.

The development of LTE and 5G digital infrastructure is an integral part of Africa’s growing economy and has proved to be an essential driver of an inclusive information society that integrates digitization in all critical aspects of life, such as education, transport, health, energy and even homeland security.

All of this, of course, carries significant potential to contribute to the UN’s Sustainable Development Goals (SDGs) in Africa.


Connectivity is a critical enabler of social and economic change. Its dynamism constantly offers us new ways to overcome both global and regional development challenges. If leveraged for good, the introduction of 5G and expansion of LTE networks across Africa can accelerate this process exponentially.

As we continue toward a more urbanized world and the impacts of climate change grow progressively dire, the need for sustainable technologies which support the SDGs will become truly paramount. It’s still early, but the use cases which we have been deploying across the continent are already delivering on their potential.

Below, let me take you on a short tour of some of the ways we’re connecting Africa for the better.

  1. Mixed Reality for Urban Design (SDG 11: Sustainable cities and communities)

    Together with UN-Habitat, we are explored visualization technologies that have the potential to revolutionize how we approach urban design. This new visually realistic blending of reality with virtual imagination can create a more intuitive space for planners, architects, residents and other stakeholders to viscerally experience and re-imagine future environments. Architectural sketches and designs can be made more legible and accessible, thus pulling users into the process of design and strengthening the long-term viability and buy-in of urban projects.

    This innovation was piloted by UN-Habitat and Ericsson in Johannesburg, South Africa. Find out more by reading our joint publication ‘’Mixed reality for public participation in urban and public space design: Towards a new way of crowdsourcing new inclusive smart cities’’ which we recently launched at the UN-Habitat Assembly in Kenya.
  2. Innovative approach to mitigate and adapt to climate change (SDG 13: Climate action)

    Detailed rainfall patterns with high resolution are difficult to monitor with existing technologies (radar, satellite and gauges) and lack of weather monitoring infrastructure in many emerging markets.
    Currently being piloted in Rwanda, the Ericsson Weather Data initiative is a new innovative solution which helps in measurement of rainfall in real time utilizing signal disturbances in microwave links used as backhaul in cellular networks.

    Deployed in partnership with the Swedish Meteorological and Hydrological Institute (SMHI), the technology uses microwave links and works with existing rainfall measurement technologies to enable vastly greater accuracy in real-time rain measurement, and therefore provide more detailed rain modelling information. This results in detailed and cost efficient rainfall and flood predictions utilizing existing telecom infrastructure. Use cases include climate mitigation efforts; flood prevention in sewage and stormwater systems in cities, agriculture, transport solutions, tourism, insurance weather agencies and water utilities, as well as malaria and dengue prevention in tropical areas.

    According to Ericsson research, ICT solutions could help to reduce greenhouse gas (GHG) emissions by up to 15% by 2030, amounting to around ten gigatonnes of CO2e—more than the current carbon footprint of the EU and US combined. Examples of areas where the savings can be enabled by ICT solutions are : transportation, energy, industries and agriculture.
  3. Use of mobile financial services to reduce inequalities (SDG 10: Reduced inequalities)The freedom to send, spend and receive money with a mobile phone is quickly becoming an essential part of life for billions of people. It is a freedom which also impacts accessibility to energy, health, education and employment opportunities.In Africa today, more than half of consumers use mobile money services through an agent, and some 20% use mobile money themselves on a mobile phone. However, the unbanked are the ones who are least involved in the formal financial system, due to factors such as distance to banks, education, and the inability to authenticate their identity, according to data from Ericsson ConsumerLab.The Ericsson Converged Wallet m-commerce solution is a new innovation which contributes to a more open, easy and accessible mobile money network in Africa. Together with our customer MTN, we will continue to deploy new products and provide Managed Services for Mobile Money services in 13 countries across Africa by 2024.
  4. ICT in Education and our Connect to Learn initiative (SDG 4: Quality education)Since its inception in Africa in 2010, the Connect to Learn program has been leveraging the power of mobility, broadband and cloud solutions to enhance the quality and access to teaching and learning resources in a safe, cost effective, and user-friendly way.We have brought technology tools, digital learning resources and new interactive forms of teaching pedagogies to schools and community learning centers in 12 sub-Saharan African countries. This includes schools in the Millennium Villages of 8 countries from 2010 to 2015, namely Rwanda, Uganda, Malawi, Ghana, Senegal, Tanzania, Kenya, Ethiopia. We have also invested in other ICT in school projects in 3 countries, namely Djibouti (2012), Burkina Faso (2014) and South Africa (2017). More than 30,000 students have been positively impacted by these.
  5. Role of technology in peacebuilding with youth (SDG 16: Peace, justice and strong institutions)Through an initiative which provides ICT equipment, training and connectivity to young victims of conflict in South Sudan and Northern Uganda, we are leveraging technology to create positive, sustainable change in the region. Together with the Whitaker Peace and Development Initiative (WPDI), and  some of our  mobile  network operator customers, we have already impacted  more than 31000 young people (direct and indirect beneficiaries) and have 12  local computer-equipped Community Learning Centers (CLCs) running in Africa.
  6. Public Private Partnerships to Connect the Unconnected (SDG 4: Quality education, SDG 9: Industry, innovation and infrastructure, SDG 10: Reduced inequalities, SDG 17: Partnerships for the goals)We joined the Millennium Villages Project (MVP) as a technology partner in 2007 and committed to support the MVP along with our partners by bringing voice and internet communications to approximately 500,000 people living in the village clusters, with the intention of improving social and economic conditions.The integration of ICT quickly came to play a critical role in the project. As basic interventions in the areas of health, education, agriculture and entrepreneurship began to achieve success, ICT helped to take the fight against poverty a step further by empowering individuals and institutions with the ability to communicate, and to access and share vital information. Ericsson’s long-term engagement in the MVP demonstrates the importance of public-private partnerships and how they can help to spread the impact of mobile broadband in a way that enables the achievement of the Sustainable Development Goals.Read more about our education related insights from this project in our ten-year anniversary publication: ‘Technology Assisted Education: Connect to Learn multi-year, multi-country experiences.

Next steps to innovate for sustainable development in Africa

As we look ahead, it’s clear that Africa shows significant promise by way of economic, technological and infrastructural growth over the coming years. Yet, there are still many challenges we must overcome if we are to deliver real sustainable change for all. While there are parts of the continent on the cusp of 5G rollout, there remains other parts where 3G and 4G are still in infancy.

More than just a business opportunity, digitalization is fundamental to achieving all 17 of the SDGs and a powerful way to make a positive impact on society. To truly leverage the full potential which this offers, it’s important we reach out to all stakeholders across government, and public and private enterprise. This is how we make positive, sustainable impact in areas such as climate change, education, human rights and humanitarian response.

Read the Ericsson sustainability pages to find out more about our activities to connect change.

Find out how IoT can be deployed to support sustainability efforts in the WEF’s sustainable IoT report.

Mikael Bäck

President Muhammadu Buhari felicitates with Olumide Akpata on his election as the President of Nigerian Bar Association (NBA), wishing him every success in the new position of leading Nigerian lawyers to chart a path of professional development and fulfilment.

As a lawyer of over two decades who has held several strategic positions in the legal association, President Buhari trusts that Mr Akpata’s vast knowledge and experience in litigation, corporate world and engaging with government at different levels, will greatly benefit the Bar and indeed all Nigerians, who look up to the learned fellows as crucial stakeholders in a modern democracy.

President Buhari assures the new leadership of the NBA of the continued cooperation of his administration in addressing the broad range of challenges and opportunities facing the legal profession and the country.

Femi Adesina

Recovers 4 Ak47 Rifles, 5 other Assault Guns, 378 Rounds of Ammunition, 18 Vehicles and 1 Anti-Tracker Device amongst others
Police Operatives attached to the Intelligence Response Team (IRT) have arrested thirty-five (35) suspects across the country for their active involvement and participation in series of kidnapping, armed robbery and other heinous crimes across the country. The arrest is sequel to the unrelenting efforts by the Force to rid the country of heinous criminals and to get justice for victims of these crimes.

Notable among the arrests is a criminally minded pastor, Adetokumbo Adenopo ‘m’ 52years, Founder and General Overseer of New Life Ministry, Lukosi, in Shagamu Area of Ogun State and three other members of his criminal gang namely; Chigozie Williams 22years, native of Umuahia North, Abia State, Ugoji Linus 30years, native of Ezinifite in Imo State and Emmanuel Chris Ani, 27years, native of Aniri in Enugu State, all responsible for the kidnap for ransom of one Jonathan Ekpo ‘m’ 35years from Benue State. Curiously, the pastor told the Police operatives that he embarked on the crime for the expansion of his church and charity works.

The victim, an employee of a logistic company was kidnapped on 17th July, 2020 while on official duty to deliver goods in Shagamu, Ogun State. The victim was kept in an underground cabin inside the Pastor’s church building in Ogijo town, Ogun State by his abductors who demanded the payment of twenty million naira ransom as condition for his release. He was subsequently rescued unhurt nine days after and reunited with his family by the Police.

Similarly, the Police also arrested one Udodiri Bright aka Ability ‘m’ 30years old, native of Osuachara Village, Isiala Mbano LGA of Imo state and three others, Ekwuru Shadrack aka Escobar ‘m’ 26years native of Arondizuogu village in Okigwe LGA of Imo state, Chimerie Igwe aka 4real ‘m’ 30years old, native of Umucheke Village in Orlu LGA of Imo State and Chibuike Sunday, 28years old from Arondizuogu of Imo State.

They were arrested on the 5th of July, 2020 for the abduction and killing of a Nigerian US Soldier, Chuks Okebata who came into Nigeria for holidays in his home town, Okigwe, Imo State in 2017. The suspects who are one of the foremost kidnapping groups terrorizing the South Eastern part of the country were arrested 31 months after, following intensive manhunt by the Police team.

The Police team also arrested a 9-man trans-boundary armed robbery and car snatching syndicate led by one Yakubu Hayatu, 30years from Borno State. Members of the gang include; Adamu Awalu, 28years from Kano State, Abdulrahman Yakubu, 23years from Zaria, Yususf Adamu, 22years from Zaria, Kamal Japhet, 22years from Katsina, Abubakar Samaila, 20years from Zaria, Muhammadu Abdulahi, 20years from Zaria, Yahaya Mohammed, 18years from Kaduna State, Ibrahim Abubakar, 21years from Kwara. Investigations reveal that the syndicate has snatched over thirty exotic cars at gun point and killed two Policemen.

They use anti-tracker devices to evade arrest and deliver the vehicles to one Alhaji Garba in Maradi, Niger Republic. Eighteen vehicles have so far been recovered by the Police team. The team is working with the INTERPOL to apprehend Alhaji Garba and to recover the remaining vehicles.

Exhibits recovered include: 4 Ak47 Rifles, 1 FMC rifle, 1 Pump Action Gun, 2 double barrel guns, 1 Beretta pistol, 4 AK47 Magazine, 6 cartridges, 378 Rounds of live Ammunition, 1 Network Jammer (anti-tracker device), Others.

While noting that the suspects will be charged to court on conclusion of investigations, the Inspector-General of Police, IGP M.A Adamu, NPM, mni assures that the battle against criminal elements in the country is a continuous one.

DCP FRANK MBA
FORCE PUBLIC RELATIONS OFFICER
FORCE HEADQUARTERS
ABUJA

In a country that the demographics are in favor of the youths, with over 60% of the population known to be young people, the need to tap into this youthful and energetic group becomes imperative for the country to grow. Having said this, Mmanti Umoh will be speaking on “SHAPING THE FUTURE ECONOMY” powered by TEENNATION.

TEENNATION is Africa’s largest community of young leaders, change makers and social entrepreneurs bold in undertaking a sense of shared responsibility, impact and ambition.

Speaking on the importance of the event, Mnati said”Can I tell you about; Jefferson in Kenya who has “The Eden Horticultural Hub which grew and distributed 2.5 tons of tomatoes to more than 100 households, as well as local schools and hospitals. Balbina in Tanzania the founder of Huduma Smart, an enterprise that trains domestic workers and provides a job market for them via their website, where employers can recruit workers of their choice according to the qualifications given by employers and acceptability of a worker.”

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She added “Regardless of their language, level of education, or nationality, young people see entrepreneurship as a means to achieve social and economic development. Young entrepreneurs are drivers of innovation, economic growth, and are keen to make a positive change in their societies. They are also the source of innovative solutions that governments and the private sector need to address current and future development challenges.”

“This Friday, August 7th, 2020 on INSTAGRAM LIVE – @TeennatiomHQ as I speak with teen entrepreneurs in Africa”, She concluded.

Mmanti Umoh is the CEO & Lead Consultant, The PurplePatch Consults. Mmanti Umoh is described by the International Community of Leaders as a “Quintessential Kingmaker and Polymath. Catalyzing the growth of Africa’s next-generation leaders.” She is the Lead Consultant of The PurplePatch Consults.A polymath – award-winning Management Consultant and Education Psychologist who is using skills development for job creation, economic growth and poverty reduction. She specializes in transforming the economy, empowering people and building sustainable communities through collaboration.She loves people, organizations, systems, ideas, and change. She is passionate about maximizing human creative potential.

ANTHONY EMEKA NWOSU

The Economic and Financial Crimes Commission (EFCC) has secured the conviction of six internet fraudsters.The fraudsters, who specialised in Business E-mail Compromise (BCG), internet fraud, and other related offences are: Chisom Emmanuel Odom; Isajimi Joshua; Tafa Basit; Adeleye Oladele Benjamin, Chukwu Simon and Amoo Tunmise.

They were sentenced and convicted by different Federal High Court judges at the Federal Capital Territory on charges bordering on internet frauds.The convicts’ problems started when residents of their respective neighborhoods petitioned the EFCC, alleging them of suspicious lifestyles as signals of criminality.

Investigation by the Commission revealed that the fraudsters converted their residences to dens, where they were operating freely and defrauding members of the public.Items discovered from them, upon their arrests, were electronic gadgets, ranging from sophisticated computer systems, software and hardware devices, browsers amongst others.

They were subsequently charged to different courts where they pleaded guilty.Justice F.O.G Ogunbanjo, convicted and sentenced Odom and Joshua while Justice Ojukwu of Federal High Court, convicted Benjamin to two years imprisonment. She also convicted and sentenced Tunmise and ordered him to pay a fine of N1million.In the same vein, Justice Binta Nyako convicted and sentenced Simon and Basit to six months and three months respectively.

EFCC

“Ignorance is bliss”, this is a popular cliché that is known globally and Nigerians seems to be basking in this blissful atmosphere. At a time that the country was neck deep into the Corona Virus otherwise known as Covid 19, a lot of people especially those that are into the religious activities “pointed” at 5G telecommunication technology as the culprit. A popular pastor that has millions of followers deepened this ignorance with a broadcast.

The Nigerian Telecommunication Commission (NCC) The apex authority and regulator in telecommunication matters in the country and a very respected organization in the sub region has come out to enlighten Nigerians that they shouldn’t be scared, petrified or skeptical of the 5 G technology, rather they should welcome it. 5G is a pure demonstration of the Commission’s readiness to deploy, encourage and ensure that the country is in tune with what is applicable in other parts of the globe.

NCC categorically made a statement to this regard via their social media page and states” 5G has been deployed commercially and in use in some countries. As with the previous technologies, the International Commission for Non-ionizing Radiation Protection (ICNIRP) has classified radiation from 5G as non-ionizing and therefore safe for human beings.”

5G Technology – The Future of Connectivity – Xorlogics

According to Qualcomm, it defines 5G as the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. Wikipedia added that, in telecommunications, 5G is the fifth-generation technology standard for cellular networks, which cellular phone companies began deploying worldwide in 2019, the planned successor to the 4G networks which provide connectivity to most current cellphones.

One thing that Nigerians must come to terms with is this;5G wireless technology is meant to deliver higher multi-Gbps peak data speeds, ultra-low latency, more reliability, massive network capacity, increased availability, and a more uniform user experience to more users. 1G, 2G, 3G, and 4G all led to 5G, which is intended to offer more connectivity than was ever obtainable before.

ANTHONY EMEKA NWOSU

Following the launch of a new bottle and the ‘Nduka’ campaign, Life Lager Beer has continued to spread its strong message of hope and resilience to consumers, this time with decorative lighting on the popular Niger Bridge.

The groundbreaking lighting project which was unveiled on August 1, 2020, is a new initiative from Life Lager Beer as a climax to the brand’s relaunch activities.

As the novel Coronavirus spread across Nigeria, Life Lager Beer launched the ‘Nduka’ campaign as a means of encouraging its consumers to keep hope alive even as they stay safe at home.

The campaign theme which translates to “Life is Greater” saw Life Lager engage in a number of communication activities to pass its message of choosing life in these uncertain times creatively.

With its new lighting initiative, Life Lager is now spreading the importance of resilience, and self-preservation as the words “Enjoy Life Responsibly” appear boldly on its new lighting construction along with other brand signages.

The unveiling of the lights display which was done at an evening event, had in attendance the Governor of Anambra State, His Excellency Willie Obiano, who referred to the initiative as a progressive one and used the opportunity to encourage everyone to keep following the right precautions to stay safe.

Sales Director, Nigerian Breweries Plc., Uche Unigwe, also expressed delight at the launch of the new project stating that it is very significant work. He added that; “this project couldn’t have come at a better time and hopefully the message resonates with the brand’s consumers and inspires them to keep living right.”

The choice of the Niger Bridge for this project was once again a testament to the brand’s attachment to its southeastern roots, as it remains unapologetic about demonstrating its belief in the industrious nature of the people and their steady drive for progress.

Life Lager Beer was first produced in 1981 in Onitsha, Anambra State, as a regional Eastern beer and has since grown to become the biggest beer brand in Nigeria. Life Lager Beer is made from the choicest grains, hops and the purest waters, with the core brand belief that “Life is better when shared and when life is shared, there is progress”.

BrandsSpur

The Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami FNCS, FBCS, FIIM has emphasized on the need of coming up with innovative ideas that will promote smart agriculture in Nigeria as a means of diversifying the nation’s economy, highlighting that Nigeria is blessed with a large fertile landmass.

 The innovative thinking minister maintained that embracing smart agriculture in Nigeria and enhancing the capacity of farmers digitally will create millions of digital jobs and improve the country’s gross domestic product (GDP).The NEXT LEVEL minister stated that the National Adopted Village for Smart Agriculture (NAVSA) is part of the main policy of the National Digital Economy policy and strategy for a Digital Nigeria launched and unveiled by His Excellency, President Muhammadu Buhari GCFR. 

Dr Pantami stressed that the best way to improve the output in the agricultural sector in Nigeria is through the deployment of emerging technologies. The Honourable Minister said, “today, the whole world is focusing more on skills rather than certificates”. Citing an example with china which has announced the intention of converting 600 universities to skill acquisition centres. 

The minister made his position known today while making his remarks virtually in the capacity as the Chief Host during the closing ceremony of the pilot NAVSA programme which took place in Jigawa State. The Host Governor, His Excellency, Governor Mohammed Badaru Abubakar also in attendance virtually appreciated the vision of the Minister for bringing the project to the state and promised to ensure its sustainability. 

The Governor also called against beneficiaries selling or underutilizing materials and knowledge given to them to excel in life, maintaining that the state in the last few years has produced a lot of millionaires through rice farming precisely. 

The Highlight of the day was the presentation of Smart Devices; Internet Connectivity; Seed Fund; and Certified Seed to the 130 farmers who received training on a series of digital skills.  

 Source: Mr Yusuf Abubakar, Personal Assistant (New Media) to The Honourable Minister

Commendations  have continued  to trail the recent  approval of the Youth Investment  Fund  by  President Mohamnadu Buhari, even as the Minister of  Youth and Sports  Development Mr. Sunday Dare’s initiative  has attracted the support  of the advocacy  group Yiaga Africa. 

In a congratulatory letter signed by Yiaga Africa Executive Director Samson Itodo, the group noted that the establishment of the Youth Investment Fund underscores the commitment of the Buhari’s administration   to building a new Nigeria. ” We write to congratulate  you on the approval  by the President  Mohammadu Buhari  led Federal  Executive Council  for the establishment of the Nigerian Youth  Investment Fund  to the tune of 75b for 3 years. This initiative  is a reflection of  the  commitment of  President  Mohammadu Buhari  to building a new Nigeria through  a stable and people – focused government  to move the agenda for our country  forward, adding that this gesture is a vital move to next level of a prosperous, strong  and stable Nigeria. ”

Mr Itodo further affirmed that, “as part of our commitment to Youth development and public  accountability in Nigeria, Yiaga Africa  will continue to support  and partner  with the Ministry  of  Youth and Sports Development  in monitoring  the impact  and results of the  Nigeria  Youth Investment  Fund on youths and youth development  in Nigeria. To this end, we are available to provide independent oversight and monitoring of the Fund.”

Yiaga Africa is a civic organisation promoting democracy, governance and development in Africa through advocacy, research, capacity building, youth and public accountability.

Hon.Minister Media office.

The president NYCN: Amb. Sukubo Sara-Igbe Sukubo with his team presenting his appreciation speech to the Mr. President for the approval of the Nigerian Youth Investment Fund Approval
Rep of Minister, Mr Sunday Dare, Perm. Sec, Mr Gabriel Aduda delivering the Minister’s remarks at the reception of Thank You to Mr President by the National Youth Council of Nigeria led by its President, Amb. Sukubo Saraigbe Sukubo today at the Moshood Abiola Stadium, Abuja.

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