Latest news with #)2025
Finextra
08-07-2025
- Business
- Finextra
Nigeria's SEC and Quidax team on digital asset education
The Securities and Exchange Commission (SEC) Nigeria, in collaboration with leading digital assets exchange Quidax, hosted an educational series aimed at equipping Nigerian finance professionals with the knowledge and tools needed to navigate the evolving digital assets ecosystem. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The exclusive two-day event, held at the prestigious Capital Club in Victoria Island, Lagos, convened representatives from commercial banks, asset management firms, pension fund administrators, and securities traders. Some of the participants at the event were from Zenith Bank, ARM, Investment One, FBNQuest, Interswitch, Ecobank, Africa Prudential, Meristem, Wema Bank, Capitafield, Sterling Bank, and several other companies. Driving Adoption Through Education and Regulation Speaking at the event, Abdulrasheed Dan Abu, Head of FinTech and Innovation at the Securities and Exchange Commission, underscored the programme's significance. He stated that the initiative reflects the commission's statutory responsibility not only to regulate the capital market but also to actively develop it. Dan Abu emphasized the integral role of traditional financial institutions in the growth of the digital asset ecosystem. 'The banks hold fiat currency. If they don't understand what is going on, it creates a disconnect in the value chain. The more banks that understand digital assets, the better the playing field for users,' he explained. This educational series builds on a series of significant regulatory milestones in Nigeria's digital finance space. On 29 March 2025, President Bola Tinubu signed into law the Investments and Securities Act (ISA) 2025, which formally classifies cryptocurrencies and other virtual assets as securities, thereby placing them under the SEC's purview. Prior to this, in June 2024, the commission issued rules for Virtual Asset Service Providers, providing crucial regulatory backing to exchanges and other entities operating in the space. Quidax's Pan-African Mission and the Importance of Collaboration Buchi Okoro, Co-founder and Chief Executive Officer of Quidax, highlighted the event's core purpose: supporting adoption by educating both beginners and advanced participants within the financial industry. 'Adoption starts with education. This session caters to people at different knowledge levels, from total beginners to those who have conducted blockchain pilots,' he said. Okoro reiterated Quidax's ambitious Pan-African mission, noting that the exchange already operates in nine countries and plans to expand to all 54 African nations. 'We're solving African problems for Africans, and this event partnership with the SEC helps us do that within regulatory guardrails,' he added. Industry Leaders Endorse the Initiative The event garnered strong support from other key industry players, reinforcing the collaborative spirit essential for digital asset integration. Pascal Maguire, Sales Director for Africa at Fireblocks, stressed the need for such forums: 'We need more finance and payments experts and decision makers to attend such forums as this enables them to see that they have trusted partners in firms like Quidax, Fireblocks, and the SEC who can both educate them and guide them on their adoption and innovation journey.' Ajibade Laolu Adewale, Chairman of the Committee of E-Business Heads in Nigerian Banks and Chief Partnership Officer at Wema Bank, a panelist at the event, highlighted the pressing need for digital assets due to inefficiencies in traditional banking. 'Today, moving money internationally still takes days and depends on informal channels. With blockchain, you can transfer value instantly and securely,' he stated. Attendees also expressed their positive reception. Sunday Joseph Olaniyan, Head of E-Business at Sun Trust Bank, remarked, 'Events like these bring such awareness even closer to us as institutions here in Nigeria and presents us with the opportunity to not be left out of this wave of change. People like myself who have been aware of digital assets are now even more sensitized to the global trend and I sure do not want to be left behind at all.' Adding to the sentiment, Bukola James-Cole, Director of Capital Market at Africa Prudential PLC, spoke about the natural evolution of money. She emphasized, 'Whether we like it or not it will happen so the earlier we start getting educated about digital assets the better for the industry.'
IOL News
25-06-2025
- Entertainment
- IOL News
Tent-tastic showdown: unveiling the must-visit marquees at Hollywoodbets Durban July 2025
In its fifteenth year, the Pegasus Lounge has cemented its status as the premier hospitality experience at the HDJ. Image: Facebook As South Africa gears up for one of its most anticipated social events, the Hollywoodbets Durban July (HDJ) 2025 promises an extravagant display of glamour, excitement, and fierce competition. Taking place on Saturday, July 5, at the Hollywoodbets Greyville Racecourse, this year's "Marvels of Mzansi" theme is set to showcase the best of South African culture and creativity, bringing together fashionistas, racing enthusiasts, and socialites alike. For many, the marquee experience is as vital to the event's allure as the thrilling horse races themselves. From lavish decorations to exquisite dining, each tent presents a unique atmosphere that reflects the theme while providing guests with an unforgettable experience. As the anticipation builds, we explore some standout marquees to look forward to this year. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading The Halisi Afrique marquee is determined not to just show up, but to 'show out', as articulated on their social media platform. Image: Supplied Halisi Afrique's Hospitality Step into the vibrant energy of Halisi Afrique, where striking décor meets eclectic fashion and exotic flavours. Promising a high-energy celebration of local culture and homegrown talent, Halisi Afrique is determined not to just show up but to 'show out', as articulated on their social media platform. This all-inclusive experience will offer guests the finest hospitality, gourmet food, premium drinks, and a luxurious pampering experience. The team behind Halisi Afrique recalled their inaugural launch in 2022, post-lockdown, stating they aimed to fill a gap by presenting something different - exclusive yet relatable, comfortable yet refined. With their continued commitment to excellence, Halisi Afrique stands out as a marquee not to be missed. Afrotainment Marquee at the Hollywoodbets Durban July 2024. Image: File image Afrotainment Marquee No HDJ tent town would be complete without the iconic Afrotainment Marquee, synonymous with the vibrant party scene. This year's marquee will welcome personalities like 'Big Brother Mzansi' season 5 winner Sweet Guluva, Ash-ley Ogle, Afrotainment stars, and many other artists yet to be revealed. DJ Tira, a staple in the South African entertainment landscape, promises a luxurious event in both the VVIP and VIP areas. 'Get ready to rub shoulders with the best of the best,' he noted. Boomtown has long been a symbol of ultimate hospitality, renowned for delivering exceptional stages, stunning lighting, and performances from top-tier South African musical artists. Image: Boomtown Facebook Boomtown Celebrating its remarkable 15th year at the HDJ, Boomtown has long been a symbol of ultimate hospitality, renowned for delivering exceptional stages, stunning lighting, and performances from top-tier South African musical artists. This year's electrifying line-up includes the likes of Cassper Nyovest, Sjava, Nasty C, DJ Fresh, Ami Faku, and Oscar Mbo. 'Boomtown is coming with full IG moments, fire music, and the crowd you want to be around,' the team teased, ensuring that this marquee will continue to be a central hub for celebration. Saso's Brunch Marquee blends live entertainment with gourmet cuisine and stylish décor. Image: Supplied Saso's Brunch Marquee Making its debut last year, Saso's Brunch Marquee has quickly established itself as a beacon of opulence. Created by musical artist Lusaso Ngcobo, known as Saso, this marquee triumphantly blends live entertainment with gourmet cuisine and stylish décor. With nearly a decade of experience in prestigious events, Ngcobo envisioned a space where South Africa's stars could converge to celebrate and network. 'This Durban July, Saso's Brunch Marquee becomes the Cradle of Marvels - a sanctuary where South African excellence is dressed in couture, draped in elegance, and celebrated with every sparkling detail." "Inspired by the 'Marvels of Mzansi', this experience pays homage to our bold beauty, vibrant spirit, and timeless power,' wrote the team on Instagram. 'From iconic fashion to gourmet indulgence, from the rhythm of our heritage to the luxury of the now - this is where culture and class collide in unforgettable style." "Enter a world where legends are made, where elegance meets identity, and where every guest is a masterpiece in the making. You're not just attending… you're becoming part of history," they added. Executive Concerts Marquee Executive Concerts Marquee promises an exclusive experience for guests. Aimed at Africa's influential leaders, entrepreneurs, creatives, and cultural icons, this marquee will be hosted by personalities Tbo Touch and Hope Mbhele. The entertainment line-up features popular artists including Kabza De Small, Nkosazana Daughter, DJ Merlon, and more, aiming to set a high bar for lifestyle and hospitality. Guests can indulge in gourmet three-course buffets, harvest tables, and signature cocktails, all within a setting designed for luxury. 'Whether you're coming solo, as a couple, or with your full crew - we've got tailored packages to match your vibe. VIP perks include helicopter transfers, private seating, and access to the most exclusive marquee at the event,' they noted, hinting at an experience that goes beyond expectations. Andile Chili, founding partner of the marquee added: "Executive Concerts is about more than just an event - it's about shaping a cultural moment where Africa's elite can connect, celebrate, and showcase the best of who we are." In its fifteenth year, the Pegasus Lounge has cemented its status as the premier hospitality experience at the HDJ. Image: Facebook
Barnama
22-05-2025
- Business
- Barnama
Malaysia Has Capacity To Capture Rapidly Evolving Space Economy Industry -- MOSTI
By Zarul Effendi Razali LANGKAWI, May 22 (Bernama) -- Malaysia has the capacity to capture the rapidly evolving space economy industry, with the country's large local talent pool, ample resources, good infrastructure and technology. Ministry of Science, Technology and Innovation (MOSTI) deputy secretary-general (Technology Development) Datuk Dr Mohd Nor Azman Hassan said Malaysia's geography is very suitable for the country to play an important or significant portion of the space economy. 'If you want to launch a rocket launcher for satellites, Malaysia's equatorial location presents a huge advantage in terms of sustainable rocket launch, for example. 'Because when you launch it from the equatorial line of the globe, of the world, you essentially use less resources and fuel and also time that translates to more money and cost savings,' he told Bernama after delivering the opening speech at the Space Conference – Space Economy Revolution: Trends, Technologies And Strategies event today. The half-day conference was held on the sidelines of the Langkawi International Maritime and Aerospace (LIMA) 2025 exhibition and successfully gathered 150 participants, including senior officers from Southeast Asian space agencies, industry players, academia, ministries, departments and agencies, and international organisations. During the event, Mohd Nor Azman also witnessed the exchange of letters of intent (LOIs) between UZMA Bhd and Global Systemes Asia Sdn Bhd; SpaceIn Sdn Bhd and Global Systemes Asia Sdn Bhd; International Islamic University Malaysia (IIUM) and Ocullospace Sdn Bhd; the Malaysian Space Agency (MYSA) and Iskandar Regional Development Authority (IRDA); and MYSA and Ocullospace Sdn Bhd. The conference, organised by Global Exhibitions & Conferences Sdn Bhd (GEC) and supported by MYSA, served as a strategic platform, bringing together experts from the space sector to address challenges at the national, regional, and international levels, among others. Also present at the event were GEC strategy advisor Datuk Nonee Ashirin Mohd Radzi and MYSA director-general Datuk Azlikamil Napiah.
The Star
22-05-2025
- Business
- The Star
AirAsia formalises RM99.5mil charter service contract with Malaysian armed forces
LANGKAWI: AirAsia has formalised a charter service contract with the Malaysian Armed Forces (MAF) worth RM99.5 million, including special aircraft leasing until Aug 1, 2027, which encompasses daily charters and special charter arrangements covering domestic routes throughout Malaysia. In a statement released in conjunction with the Langkawi International Maritime and Aerospace (LIMA) 2025 exhibition today, AirAsia said this service highlights AirAsia's commitment to leveraging its vast domestic network and high-frequency flights to provide reliable and efficient transportation solutions for the MAF. "AirAsia will facilitate the movement of MAF personnel using commercial flights from Monday to Friday for duty and welfare travel in tandem with AirAsia's existing commercial flight schedule, ensuring seamless integration while maintaining passenger convenience. "Additionally, there will be a special charter arrangement involving the exclusive rental of the entire aircraft, dedicated solely to MAF personnel, without mixing with commercial passengers,' it said. AirAsia Malaysia chief executive officer Datuk Captain Fareh Mazputra said this partnership reaffirms AirAsia's commitment, as the people's airline, to continue serving the nation and supporting government initiatives. In addition to air travel, the contract includes comprehensive services such as in-flight meals, luggage handling, and logistical support from the airport to military camps, both ways, to ensure the comfort and well-being of MAF personnel during their movements. - Bernama
The Sun
22-05-2025
- Business
- The Sun
Malaysia has capacity to capture rapidly evolving space economy industry
LANGKAWI: Malaysia has the capacity to capture the rapidly evolving space economy industry, with the country's large local talent pool, ample resources, good infrastructure and technology. Ministry of Science, Technology and Innovation (MOSTI) deputy secretary-general (Technology Development) Datuk Dr Mohd Nor Azman Hassan said Malaysia's geography is very suitable for the country to play an important or significant portion of the space economy. 'If you want to launch a rocket launcher for satellites, Malaysia's equatorial location presents a huge advantage in terms of sustainable rocket launch, for example. 'Because when you launch it from the equatorial line of the globe, of the world, you essentially use less resources and fuel and also time that translates to more money and cost savings,' he told Bernama after delivering the opening speech at the Space Conference – Space Economy Revolution: Trends, Technologies And Strategies event today. The half-day conference was held on the sidelines of the Langkawi International Maritime and Aerospace (LIMA) 2025 exhibition and successfully gathered 150 participants, including senior officers from Southeast Asian space agencies, industry players, academia, ministries, departments and agencies, and international organisations. During the event, Mohd Nor Azman also witnessed the exchange of letters of intent (LOIs) between UZMA Bhd and Global Systemes Asia Sdn Bhd; SpaceIn Sdn Bhd and Global Systemes Asia Sdn Bhd; International Islamic University Malaysia (IIUM) and Ocullospace Sdn Bhd; the Malaysian Space Agency (MYSA) and Iskandar Regional Development Authority (IRDA); and MYSA and Ocullospace Sdn Bhd. The conference, organised by Global Exhibitions & Conferences Sdn Bhd (GEC) and supported by MYSA, served as a strategic platform, bringing together experts from the space sector to address challenges at the national, regional, and international levels, among others. Also present at the event were GEC strategy advisor Datuk Nonee Ashirin Mohd Radzi and MYSA director-general Datuk Azlikamil Napiah.
