Latest news with #VictoriaIsland
Zawya
08-07-2025
- Business
- Zawya
Securities and Exchange Commission (SEC), Quidax Bring Together Top Banks, Asset Managers to Drive Digital Assets Adoption in Nigeria
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. 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.' Distributed by APO Group on behalf of Quidax. About Quidax: Quidax is an African-founded cryptocurrency exchange ( that makes it easy for anyone to buy, sell, store and transfer cryptocurrencies. Quidax additionally enables OTC trading ( and gives fintechs the tools to offer cryptocurrency services to customers through a dedicated crypto API. Quidax was officially launched in 2018 and has customers in over 70 countries.
CBC
12-06-2025
- CBC
WATCH — Here's how some Inuit teens are keeping their cultural traditions alive
Students in Northwest Territories explain how to use these traditional tools Have you ever been to Canada's North? Like North of North? CBC Kids News visited Ulukhaktok, Northwest Territories, at the beginning of April to learn more about how the youth there are keeping their traditions alive. Ulukhaktok is an Inuvialuit settlement on Victoria Island. It has a population of around 400 people, according to the 2021 Canadian census. A group from CBC Kids News partnered with the students and staff at Helen Kalvak School to help document a journey they took across Canada to Ottawa, Ontario. Our team met up with them in Ottawa, and followed them back to their community north of the Arctic Circle. What is an ulu? They showed us how to use an ulu, which is a tool used by Inuit across the northern hemisphere. It is a sharp tool that comes in a variety of sizes and is used for everything from cutting meat to snipping sewing threads. One of the community elders, Adam Kudlak, said that the tool was traditionally made by Inuit men and used by Inuit women. He also told us that the name of the community — Ulukhaktok — loosely translates to the 'place where one finds material to make ulus.' Click play to watch 17-year-olds Alyssia Irish-Memogana and Krissy Kitekudlak explain how this traditional Inuit tool is still used today.⬇️⬇️⬇️ Ice fishing, the traditional way The staff and students from Helen Kalvak School also invited us to join them for an ice-fishing field trip. Everyone on the trip travelled on snowmobiles, with some people packed into the back of wooden sleds. Teachers and students stand on a frozen lake during an ice-fishing field trip. The ice that day was between 1.5 and 1.8 metres thick, so there were no worries about falling through, even with heavy snowmobiles. (Image credit: Lisa Fender/CBC) The temperature that day, April 2, was around -25 C. The holes that were drilled in the ice were around 1.5 to 1.8 metres deep. Everyone used what the locals call an aulatit, which is a short stick connected to a line and hook. The field trip lasted a few hours and we only caught one fish: a lake trout! Click play to watch 17-year-old Keir-Anne Joss demonstrate how to jig to attract fish. ⬇️⬇️⬇️ How to make a fire starter We also learned how a traditional Inuit fire starter works. Earlier this year, Grade 7 students Bella Irish and Jimmy Memogana took home a prize for a fire starter they made. They won first place for the Passion Award at the Beaufort Delta Divisional Education Council's Wisdom Fest. Wisdom Fest brings together eight schools in the Beaufort Delta region to honour science, trapping and other traditional and modern-day skills. This fire starter was made out of a softwood block with four holes in it and a bow-like tool that comes from a muskox rib bone. Click play to watch Bella demonstrate how to use a fire starter. ⬇️⬇️⬇️ Have more questions? Want to tell us how we're doing? Use the 'send us feedback' link below. ⬇️⬇️⬇️
Zawya
10-06-2025
- Business
- Zawya
Nigeria: Developer excites home buyers, investors with luxury real estate
GOING by the sophistication and changing tastes among real estate consumers, Palton Morgan, the developer of Paramount Twin Towers (PTT), has opened fresh opportunity for home buyers and investors alike in its latest luxury property development. Located in the heart of Lagos metropolis, the developer, who operates mostly at the luxury end of the real estate market, has committed itself to offering Nigeria›s most valuable and well-planned communities. Described as Lagos new standard for luxury living, PTT is being developed by Grenadines Homes, a subsidiary of the Palton Morgan Group. It is a new collection of premium 2-bedroom apartments that are typically larger than the regular 2-bedroom units and come with two living rooms and two terraces. The twin towers offer residents a true 5-star living experience, which aligns seamlessly with the theme for its campaign — 'Experience 5-Star Living by the Ocean'— which the developer has achieved by providing the kind of luxury experiences people get when they stay in premium hotels all over the world. The development combines elegance, comfort, and convenience in one of Nigeria's most coveted coastal locations. It is located in Oniru, Victoria Island, Lagos which is an oceanfront destination, offering exceptional flexibility arising from its proximity to landmark developments. Speaking during the unveiling of this iconic development, Executive Director, Commercial, Palton Morgan, Adeola Salami, stressed the company's commitment to credibility, structural integrity, and long-term value. 'We are building not just homes, but lifestyle defined by security, sophistication, and enduring investment appeal,' she said. On her part, Folake Johnson, Head of Brand and Marketing, noted that, 'luxury today is more than just architecture; it is about experience and exclusivity. Paramount Twin Towers sets a new benchmark for 5-star living in Lagos, providing top executives and high net-worth individuals (HNIs) with a seamless blend of home comfort and world-class hospitality.' Earlier, Director, Project and Construction Management Palton Morgan, Peter Reven, had observed that, 'Paramount Twin Towers is not just a residence; it is a statement of success and refined living. We designed this project to meet the expectations of high-achieving individuals who demand the best in both comfort and experience. This is a property where executives and industry leaders can retreat to tranquillity while remaining connected to the pulse of the city.' The new luxury real estate development benefits from Eko Atlantic City and more from the Lagos-Calabar coastal road. PTT comes with upscale features and amenities that exemplify Palton Morgan's tradition of fusing advanced architecture with aesthetics for elevated luxury living. These include valet parking, concierge services, high-end restaurants, 24/7 security, ample parking space on 3 floors, kids play area, infinity pools, and many more. Every unit of this development is designed to provide seamless functionality and comfort. The open-plan lounges, modern kitchens, service areas, and carefully positioned windows flood each room with natural light that offers breathtaking views of the Atlantic Ocean, just 200 meters away. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Daily Mail
05-06-2025
- General
- Daily Mail
People left with a 'headache' after discovering bizarre island-in-a-lake-on-an-island-in-a-lake-on-an-island - as one vents 'my brain cells hurt'
The remote regions of the world are full of some incredible and baffling mysteries. Now, one discovery, shared in a viral post on Instagram by @ has left social media users reeling. Located in remote northern Canada, this is the world's largest island-in-a-lake-on-an-island-in-a-lake-on-an-island. If that description sounds confusing then you're not alone, as Instagram users have flocked to the comments to complain that the island left them with a 'headache'. One frustrated user vented: 'That just scrambled my brains.' At the centre of this geological Russian nesting doll is a small, sea-horse-shaped island measuring just over 300 metres (1,000ft) long from end to end. That island is nestled inside a small unnamed lake which takes up most of the area of another larger island. This, in turn, is sat within a 55-mile (90km) lake located near the coast of Victoria Island, the eighth largest island in the world. Zooming out, you can see that this island is sat inside a larger, 55 mile (90km) lake One commenter said they 'literally had a headache' after trying to understand this strange island This island-in-a-lake-on-an-island-in-a-lake-on-an-island is what geologists refer to as a 'recursive island'. Geography buffs used to believe that the largest of these recursive structures was an island in a crater lake on Volcano Island in the middle of Lake Taal on the Philippine island of Luzon. But careful satellite analysis has revealed that the unnamed Canadian recursive lake is significantly larger. However, that exciting bit of trivia may have been lost on many social media users who have struggled to comprehend the island's tongue-twister-like description. On Instagram, one baffled commenter complained: 'I literally had a headache after reading this'. 'I had a stroke reading it,' another chimed in. Meanwhile another wrote: 'My brain is fried.' Even those who did manage to get their heads around the description still reported being left frazzled by the efforts, writing: 'I think I got it, but I think I pulled a brain muscle trying.' Even those who did understand what they were reading complained of pulling a 'brain muscle' while trying The island-in-a-lake-on-an-island-in-a-lake-on-an-island At the centre is a small island measuring 300m from end to end. That island is nestled inside a small unnamed lake which takes up most of the area of another larger island. This, in turn, is sat within a 55-mile lake near the coast of Victoria Island. Due to the island's remote location in the freezing Arctic, it is unlikely that anyone has ever set foot on this strange recursive island. Victoria Island, or Kitlineq as it is called by the Innuit residents, has a population of less than 2,000 people despite being larger than the US state of Idaho. However, Canada's unique geography means that this region is littered with recursive lakes. Canada is also home to the world's largest island-in-a-lake, Manitoulin Island in Lake Huron, and the largest lake-on-an-island, Nettilling Lake on Baffin Island. According to the NASA Earth Observatory, nearly all of Canada was covered by glaciers during the last ice age. As the glaciers moved, they carved out a network of channels and deposited small hills made up of glacial till, a mixture of clay, sand, and rock dug up by glaciers. Dr Daniel Kerr, a geologist from the Geological Survey of Canada, told NASA's Earth Observatory: 'This area became ice-free by about 8,000 years ago. 'But because of the weight of the ice sheet, the land was depressed and the waters of the Arctic Ocean flooded the land.' That left the region dotted with millions of small lakes, many of which had islands of them which, in turn, had their own nested lakes and islands.
Yahoo
26-05-2025
- Business
- Yahoo
Wärtsilä to supply power generation equipment to 30MW power plant in Nigeria
Technology company Wärtsilä has been selected to supply and maintain a new 30MW power plant on Victoria Island in Lagos, Nigeria, for a local independent power producer (IPP). The project, which is a first-of-its-kind in Nigeria, is expected to serve as a model for future power projects in the country. It is being developed through a collaboration between Lagos-based Elektron Energy and its local partners. Victoria Island Power (VIPL), a special-purpose company incorporated by Elektron Energy, has entrusted Wärtsilä with the engineering, procurement, and construction (EPC) of the project. Wärtsilä will also manage and maintain the power plant for a duration of five years on behalf of the client. Elektron Energy co-CEO and CFO Deen Solebo said: 'Elektron has conceptualised, developed, and funded the IPP and has secured the implementation by engaging Wärtsilä to assume single point responsibility for the major construction and operational aspects related to the eventual power generation facility. 'This pioneering project relies on reciprocating internal combustion engine (RICE) technology that has the efficiency and flexibility to deliver clean and reliable electricity to our customers.' The new power plant will run on natural gas and will be integrated with the Eko Electricity Distribution Company (EKEDC) at their NEPA Close Site. It is expected to improve the availability and reliability of the power supply to consumers served by EKEDC. The power plant will comprise three Wärtsilä 34SG gas engine-generator sets with related auxiliaries. It is designed to be scalable, allowing for the addition of one more engine-generator set in the future. This modular design concept by Wärtsilä enables cost-effective expansion with minimal disruption to ongoing operations. Solebo added: 'Clearing and preparation activities at the NEPA Close Site are progressing well and are due for completion within Q2 2025, after which construction can start. 'Commissioning is expected 15 months thereafter and the operations and maintenance agreement is timed to commence before the new build project reaching commercial operations date (COD).' VIPL has secured power purchase agreements (PPAs) with individual customers, adopting a service-based tariff philosophy. The project is backed by institutional investors and funding partners, including ARM Harith Infrastructure Fund, Nigerian Sovereign Investment Authority, InfraCredit, Bank of Industry, FBN Quest, and Stanbic Infrastructure Partners. In April 2025, Wärtsilä announced that it will supply a 64MW/128 megawatt hour (MWh) energy storage system for Octopus Australia's Fulham solar battery hybrid project. "Wärtsilä to supply power generation equipment to 30MW power plant in Nigeria" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
