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Portugal reach Euro 2020 knockout stages-Cristiano Ronaldo equals all-time international goalscoring record

 Cristiano Ronaldo scored twice to equal the all-time international goalscoring record as Portugal qualified for the last 16 of Euro 2020 in a thrilling conclusion to Group F on Wednesday.

The Juventus forward was unnervingly accurate with two penalties to earn Portugal a 2-2 draw against reigning World Cup champion France in Budapest.

In doing so, Ronaldo equaled the record of 109 international goals set by Iran's Ali Daei and with at least another game to come at Euro 2020 the 36-year-old could set a new landmark.

He is also Euro 2020's top scorer with five goals in three games.

Ronaldo has now scored 14 European championship goals, five more than France legend Michel Platini. The Portugal forward's first came in the opening game of the 2004 Euros in a 2-1 loss to Greece.

Dubbed the "Shariar" (King in Persian), Daei scored 109 goals in 149 appearances for Iran between 1993 and 2006.

Group F's other game between Gerrmany and Hungary also finished in a 2-2 draw.

Tale of the tape

Group F was the final group of the Euros to be decided and it delivered quite a finale.

Heading into the group's final game, all four teams had a chance of qualifying, with France in the driving seat with a win and draw under its belt after the first two matches.

     Ronaldo celebrates with teammate Renato Sanches after scoring his side's second goal against France.

Five years ago, Portugal stunned Euro 2016 host France to win its first major international tournament in a 1-0 victory.

And on Wednesday it was Portugal that scored first after France goalkeeper Hugo Lloris was adjudged to have punched Danilo Pereira in the penalty box, with Ronaldo duly converting the penalty .

Just before halftime, France was awarded a controversial penalty after Nelson Semedo jostled PSG superstar Kylian Mbappe in the Portugal box.

Karim Benzema scored his first goal for France since October 8, 2015, five years and 258 days after his last.

       Benzema scores past Portugal's goalkeeper Rui Patricio.

"I never doubted myself, but I knew there were expectations of me from the country," Benzema told TF1 afterwards. "I managed to score and I'm going to savour it with everybody."

The Real Marid got his second of the game two minutes into the second half, slotting home from a scrumptious pass from Paul Pogba, with VAR ruling Benzema had been just onside.

However, Ronaldo had the last laugh as, after Jules Koundé was adjudged to have handled the ball, he once again scored from the penalty spot to draw Portugal level.

After an evening of toing and froing, including an extraordinarily exciting game in Munich between Germany and Hungary, the group finished as it had been at the beginning of the night, with France topping the group, Germany second and Portugal in third position.

Portugal will now play Belgium on Sunday, France meets Switzerland on Monday, while Germany faces England on Tuesday.

Source: CNN

Chaka becomes the first startup to receive SEC license for digital stock trading in Nigeria


 After months of uncertainty regarding regulations, Chaka has received a license from Nigeria’s Securities and Exchange Commission (SEC) to operate its digital platform for buying and selling stocks.

Chaka becomes the first to acquire the digital sub-broker license introduced by SEC in April of this year. As part of a major amendment to its Consolidated Rules and Regulations, SEC recognised sub-brokers who use digital platforms to serve multiple brokers.

Tosin Osibodu, the startup’s CEO, said on a call on Wednesday that the acquisition took “a tremendous amount of effort” and is the fruit of frequent engagement with the capital markets regulator.

On the 19th of December 2020, the SEC published a statement that effectively barred Chaka from offering its services in Nigeria. SEC’s complaint was that Chaka operated “outside the regulatory purview of the Commission and without requisite registration, as stipulated by the Investment and Securities Act 2007.”

SEC ordered Chaka to stop advertising to users, justifying it as a need to prevent “unscrupulous actors” from harming the investing public. Though the order was particular to Chaka, it was the first major signal that regulation was coming to the investment-tech sector.

That December warning enabled Chaka to take the lead and open talks with the SEC. With the license now acquired, Osibodu says it affirms Chaka’s commitment to full regulatory compliance and provides clarity to the market.

“We’ve built a great relationship [with SEC] that we think will be beneficial for the whole ecosystem moving forward,” Osibodu said.

He said the license also means Chaka could now enable other stockbroking firms who want to have a digital presence. “We want this benefit to accrue to as many stockbrokers as possible.”

Until now, Chaka’s operations were based on a partnership with Citi Investment Capital Ltd, a Lagos-based broker licensed by the SEC. An official license now places the startup directly under SEC’s supervision.

Chaka’s app hosts over 4,000 stocks from publicly traded companies in Nigeria and the US. Founded in January 2019 by Osibodu with Olaolu Ajose as the chief technology officer, the startup bills itself as an “investment passport” which powers borderless investing for users.

Osibodu did not specify what Chaka did, in terms of fees or filings, to receive the license.

But according to the SEC’s recent amendment (pdf, page 3), a sub-broker license for digital platforms involves a minimum capital of ₦10 million and a Fidelity Bond covering at least 20% of the minimum capital.

Other requirements include four separate fees totalling ₦500,000, a number of SEC forms, company documents and other documentation about people involved with the company.

Digital sub-brokers are also required to fully describe the technology that their infrastructure is built on, including details about security, backup and recovery processes.

They should have adequate Know Your Customer processes and have documented policies for managing technology risks. Also, they are expected to show how they assess the capacity of potential customers to use its platform for transactions, plus clear explanations of the features, risks, responsibilities, obligations and liabilities that come with using the app.

It is not clear if this license officially permits Chaka (and other fintechs in the sector) to offer stocks listed in foreign markets – like Tesla and Google – to Nigerians. In April, SEC sounded a warning that seemed to declare such offerings as being illegal.

Osibodu’s coy response was that Chaka is committed to SEC’s objectives for financial inclusion in Nigeria by, among other things, increasing retail investor participation in the financial markets.

Mcafee Anti-Virus Founder, John McAfee Found Dead In Barcelona Prison Spain

 Eccentric tech entrepreneur John McAfee died by suicide in a Spanish jail cell Wednesday evening - hours after reports surfaced that he would be extradited to face federal charges in the US, according to local media.


McAfee, the founder of a antivirus software company (McAfee Anti-virus), was arrested in October of last year and awaiting extradition when he was found dead, police sources told the newspaper El Pais

ECOWAS Court Blocks Buhari, FG From Arresting Nigerians Over Twitter Use


 The ECOWAS Court of Justice in Abuja in a landmark ruling today “restrained the government of President Muhammadu Buhari and its agents from unlawfully imposing sanctions or doing anything whatsoever to harass, intimidate, arrest or prosecute Twitter and/or any other social media service provider(s), media houses, radio and television broadcast stations, the Plaintiffs and other Nigerians who are Twitter users, pending the hearing and determination of this suit.”

POLITICS NIGERIA learned that the ruling followed a suit filed against the government by Socio-Economic Rights and Accountability Project (SERAP) and 176 concerned Nigerians arguing that “the unlawful suspension of Twitter in Nigeria, criminalization of Nigerians and other people using Twitter have escalated repression of human rights and unlawfully restricted the rights of Nigerians and other people to freedom of expression, access to information, and media freedom in the country.”

The court gave the order after hearing arguments from Solicitor to SERAP, Femi Falana SAN, and lawyer to the government Maimuna Shiru.

The court said: “The court has listened very well to the objection by Nigeria. The court has this to say. Any interference with Twitter is viewed as inference with human rights, and that will violate human rights. Therefore, this court has jurisdiction to hear the case. The court also hereby orders that the application be heard expeditiously. The Nigerian government must take immediate steps to implement the order.”

This development was disclosed today by SERAP deputy director Kolawole Oluwadare.

Reacting to the ruling, Femi Falana, SAN said: “The intervention of the ECOWAS Court is a timely relief for millions of Nigerians using Twitter who have been threatened with prosecution under the provision of the Penal Code relating to sedition.”

“Contrary to the assurance credited to the Attorney General of the Federation and Minister of Justice Mr Abubakar Malami, SAN that violators of the Twitter would not be prosecuted, the Federal Government filed processes in the ECOWAS Court threatening to prosecute Nigerians using Twitter for violating the suspension under the provisions of the Penal Code relating to sedition.”

“It is extremely embarrassing that the Federal Government could threaten to jail Nigerians for sedition, which was annulled by the Court of Appeal in 1983, in the case of Arthur Nwankwo vs The State.”

The suit and the ruling followed the suspension of Twitter by the Minister of Information and Culture, Lai Mohammed after the social media giant was banned in the country for deleting President Muhammadu Buhari’s tweet. The National Broadcasting Commission (NBC) also ordered TV and radio stations to “suspend the patronage of Twitter immediately”, and told them to delete ‘unpatriotic’ Twitter.

The substantive suit has been adjourned to 6th July 2021 for hearing of the substantive suit.

Former Chief of Army Staff, Lt.Gen. Tukur Yusufu Buratai (rtd), has been deployed to Benin Republic as Nigeria Ambassador


 Former Chief of Army Staff, Lt.Gen. Tukur Yusufu Buratai (rtd), has been deployed to Benin Republic.

While General Abayomi Gabriel Olonisakin (rtd), former Chief of Defence Staff, has been appointed the head of mission to Cameroon.

At a brief ceremony in Abuja on Tuesday, the Minister of Foreign Affairs, Geoffrey Onyeama, presented letters of credence to the ex-service chiefs.

This was disclosed by Mr Kimiebi Ebienfa, information officer of the ministry.

“The Honourable Minister of Foreign Affairs, H.E. Geoffrey Onyeama today 22 June 2021, presented Letters of Credence to the Ambassador-Designate of Nigeria to the Republic of Cameroon, General Abayomi Gabriel Olonisakin (Retired) and the Ambassador-Designate of Nigeria to the Republic of Benin, Lt.Gen. Tukur Yusufu Buratai (Retired).”

“The Minister of Foreign Affairs during the brief ceremony congratulated the immediate past service chiefs on their appointment by Mr. President and called on them to deploy their wealth of experience to promote Nigeria’s interest during their tour of duty in countries of accreditation,” he said in a statement.

However, the statement was silent on the postings of the other former Service chiefs, Vice Admiral Ibok- Ette Ibas (retired) former Chief of Naval Staff; Air Vice Marshal Sadique Abubakar (retired), ex-Chief of Air Staff and and Air Vice Marshal Muhammad S. Usman (Rtd), former Chief of Defense Intelligence.

Daily Trust reports that President Muhammadu Buhari had, on February 4, 2021, appointed the ex-service chiefs as non-career ambassadors.

The president appointed the ex-service chiefs in 2015 and refused to bow to the pressure to relieve them of their duties until they “voluntarily resigned”.

Their ambassadorial appointment sparked public outrage, with calls on the Senate to reject their nominations.

Despite the outrage, the Senate, on February 23, 2021, confirmed their nominations.

Telecoms provider, Airtel led the Losers' chart at the end of today's trading session at the Nigerian Stock Exchange

 Popular Telecoms provider, Airtel led the Losers' chart at the end of today's trading session at the Nigerian Stock Exchange.

The market made a bearish trend today posting losses that cleared out significant liquidity. POLITICS NIGERIA learned that the market breadth closed negative today as FIDSON led the chart of 18 Gainers and AIRTELAFR topped the 23 Losers chart.

NGX ASI Top gainers

FIDSON up +10.00% to close at N5.06

VITAFOAM up +9.68% to close at N13.60

REDSTAREX up +9.55% to close at N3.67

VERITASKAP up +9.09% to close at N0.24

CHAMS up +5.00% to close at N0.21

NGX ASI Top losers

AIRTELAFRI down -10.00% to close at N678.00

MBENEFIT down -7.32% to close at N0.38

CORNERST down -7.27% to close at N0.51

LEARNAFRCA down -6.48% to close at N1.01

IKEJAHOTEL down -6.19% to close at N0.91

Market experts have advised cautious buying as the market is facing a period of uncertainties

West African States Postpone Launch Of Regional Currency (ECO) To 2027


 An ambitious plan for 15 West African countries to adopt a common currency has been pushed back to 2027.

The Eco, meant to have been launched in 2020, was delayed by the coronavirus pandemic and its aftershocks, the Economic Community of West African States said in a statement on Saturday, following an ordinary session held in the Ghanaian capital, Accra.

“We have a new road map and the new convergence path that will cover the period of 2022 to 2026,” Ecowas Commission President Jean-Claude Kassi Brou said in the statement. “2027, that will be the launching of the eco.”

The West African bloc has been pursuing a common currency project for more than two decades to help remove trade barriers, ease the cost of doing business, and boost economic growth in a region of more than 380 million people.

Within the bloc, eight countries that already share the CFA franc have started reforms of their own ahead of the wider currency project.

Portugal reach Euro 2020 knockout stages-Cristiano Ronaldo equals all-time international goalscoring record

 Cristiano Ronaldo scored twice to equal the all-time international goalscoring record as Portugal qualified for the last 16 of Euro 2020 in...




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