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Bamboo gets a digital sub-broker licence from SEC

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  Nigerian fintech startup, Bamboo, has received a digital sub-broker licence from the country’s Securities and Exchange Commission (SEC) to operate in its capital market and list securities on its platform. The licence ensures oversight of its relationship with its sponsoring broker, Lambeth Capital, and the ability to form partnerships with multiple brokers. It also allows the company to strengthen its relationships with financial service providers to offer its Application Programming Interface (API) services. Launched in 2019, Bamboo is an online brokerage app that allows Africans to invest in domestic and international asset classes. Users can invest fractional amounts in their favourite publicly traded US companies, including Tesla, Apple, exchange-traded funds (ETFs), mutual funds, and fixed-income products, via the app. Bamboo claims it began the application process for the SEC’s digital sub-broker licence in 2021, including a thorough examination of the organisation’s finances

She had complained about a not-too-buoyant health and we immediately contacted her parents" Chrisland school speaks on death of student

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  The management of Chrisland schools on Sunday February 12, has narrated their own side of the incident that led to the death of a 12-year-old student, Whitney Adeniran.    The student died on Thursday, Feb. 9, after she slumped during the school?s inter-house sports activities at Agege Stadium, Lagos State. The girl?s parents, Michael and Blessing Adeniran took to social media on Saturday night, Feb. 11 to demand a probe into the death of their daughter.    Whitney?s mother said her daughter was not ill prior to the inter-house sports day and when she asked the doctor at the hospital the cause of her daughter?s death, the doctor said it appears to be cardiac arrest. Reacting, Chrisland School explained that about two weeks prior, Whitney had complained of ill health and chose not to participate in the school?s march-past.   The statement read, ?The management and staff of Chrisland Schools Limited, with a deep sense of loss, announce the death of our precious student, Whitney Adenira

Update: Lagos State govt shuts down Chrisland school following death of one of its pupils, Whytney Adeniran

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  The Lagos state government has ordered the temporary closure of Chrisland school in Opebi-Ikeja.   The school is currently embroiled in controversy following the death of one of its pupils, 12 year old Whytney Adeniran, who died during their interhouse sports day last Thursday, February 9. A statement released by the state government this evening says the school is closed pending the outcome of an investigation into the unfortunate incident.    "LASG ORDERS CLOSURE OF CHRISLAND SCHOOL    The Lagos State Ministry of Education has ordered the temporary closure of Chrisland School, Opebi-Ikeja, following the reported death of a student of the School, Whytney Adeyemi.    A release signed by the State Commissioner for Education, Mrs. Folasade Adefisayo said the closure was ordered pending the outcome of a full investigation into the unfortunate incident."

CBN threatens Sterling Bank for allegedly hoarding new Naira notes

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  The Central Bank of Nigeria (CBN) has threatened to fine Sterling Bank for hoarding the new Naira notes made available to the financial institutions for public disbursement. According to the Deputy Director of the  CBN , Oluwole Owoeye, about N6 million was found hoarded in the Sterling Bank branch located in Ado-Ekiti, with the firm’s Auto Teller Machines (ATM) empty. This was disclosed in a trending video seen by Ripples Nigeria on Monday. Owoeye said Sterling Bank had been informed of the N1 million penalty. Recall that deposit money banks (DMBs) have been accused by the central bank and President Muhammadu Buhari of sabotaging the transition from the old Naira to new banknotes. “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any. “They said they are yet to configure their ATMs, I do not know why that

JUST IN: Supreme Court confirms Lawan as candidate of Yobe North, Machina loses

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  The Senate president, Ahmed Lawan has won the final battle of who will represent Yobe north as senatorial candidate. The apex court on Monday declared Lawan as the authentic candidate of the  All Progressives Congress  (APC) to represent the senatorial district at the 2023 general elections, putting to rest the ambition of Bashir Sheriff Machina. In its lead ruling on Monday, Justice Centus Nweze criticized Machina’s strategy of starting the lawsuit at the Federal High Court Damaturu division by way of an originating summons and without using oral evidence to support fraud charges. With a split decision of three to two, the Supreme Court reinstated Lawan as the APC senatorial candidate for the Yobe North Senatorial District. According to Justice Nweze, given the serious charges in Machina’s lawsuit against the defendants, he should issue a Writ of Summons and begin his case at the Federal High Court. Justice Nweze added that there were antagonistic difficulties in Machina’s case that

Twitter preparing to charge businesses $1k a month for a gold verification badge and an additional $50 for affiliated business accounts

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  Twitter is considering charging businesses on the platform $1,000 a month to retain their gold-verified checkmarks. According to a report from The Information, companies, and organizations that fail to pay the fee will lose their badges, although it's not clear when. Internal messages viewed by the outlet suggested that it will cost $1,000 a month to keep gold badges and another $50 a month for each 'affiliated account'. That claim corroborates a leaked email from a Twitter staff member to an unknown organization in which it was offered 'early access' to 'Verification for Organizations.' In the email, dated February 2 and shared by social media analyst Matt Navarra, the staff member, Evan Jones, quoted the same $1,000 cost of subscription and offered the organization a 'gold checkmark' in return. The change is the latest of many that Twitter's new owner and CEO Elon Musk has taken in an attempt to boost revenue and turn the company profitable.

Obafemi Martins’ Son signs first Professional Contract With Serie A Club Monza (Photos)

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  Kevin Mauss-Martins , son of former Super Eagles forward, Obafemi Martins has signed his first professional contract with Serie A club Monza. Mauss Martins, a striker, featured for both AC Milan and Inter Milan before switching to Monza. ?First professional contract for striker born in 2005 Kevin Maussi Martins, who made his debut with AC Monza in the #spring 2-0 victory over Padova!,? the club wrote on their official Twitter handle. Mauss-Martins is Obafemi Martin's first son.     He has represented Italy at the U-15 level but he is still eligible to play for Nigeria.

US announces nearly $2.8 billion in new military assistance to Ukraine

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  The United States has announced a new military assistance to Ukraine to aid in its conflict against Russia.   Secretary of State Antony Blinken on Friday, January 6 announced a new $2.85 billion drawdown in military assistance to Ukraine, which will include “Bradley infantry fighting vehicles, artillery systems, armored personnel carriers, surface-to-air missiles, ammunition, and other items to support Ukraine as it bravely defends its people, its sovereignty, and its territorial integrity.” The top US diplomat said the administration would work with Congress “to provide an additional $907 million of Foreign Military Financing under the Additional Ukraine Supplemental Appropriations Act, 2022.” “Funds will support Ukraine and countries impacted by Russia’s war in Ukraine,” Blinken said in a statement. Ukrainian President Volodymyr Zelensky took to Twitter to welcome “the all-time US defense aid package."  “ Thank you, POTUS for the completely new weaponry, incl Bradley vehicles

President Putin tells Ukraine he is ready for peace talks

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  Russian president, Vladimir Putin has revealed that he's open for peace talks with Ukraine to end the war, but only if Kyiv accepts 'new territorial realities'.   The Kremlin claims it has annexed the Donetsk, Lugansk, Zaporizhzhia, and Kherson regions despite not controlling them in their entirety. The Kremlin said on Thursday January 5, that Putin told Erdogan peace talks are possible, but only if Ukraine accepts that territories occupied by Moscow as Russian.   'Putin again confirmed Russia's openness to serious dialogue on the condition of Kyiv authorities fulfilling the well-known and repeatedly voiced requirements of taking into account the new territorial realities,' the Kremlin said in a statement.   Erdogan had called for peace talks in the phone call with Putin, his office said earlier.   'The Russian side emphasised the destructive role of Western states, pumping the Kyiv regime with weapons and military equipment, providing it with operational

Principal of Lagos secondary school where students engage in threesomes denies coverup, says six students have been suspended

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  Mrs Tofunmi Akamo, Principal of Federal Government College, Ijaniki, Lagos State, has denied allegations of covering up  some students caught absconding from school to lodge female classmates in a hotel for sex romps.   Akamo who spoke to  Punch , said the six students were picked up from the hotel by the school, adding that the incident happened once.   According to the principal, the school management noticed the absence of the students during an urgent roll call at the hostel.   She said;     “Our assignment is to mould them and we don’t expect all of them to behave well all the time. So, when they misbehave, it is our duty to do the necessary correction. “I was called from the school that they did a roll call on Sunday and some students were discovered not to be in the hostel.“So, that Monday morning, they called their parents to confirm if they were at home and the parents said they were not at home. The parents came to the school; we were all searching and investigating what co