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#FixPolitics Hosts Hackathon, Seeks Tech Solution to Nigeria’s Politics  

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MALI-VOTE-POLITICS
#FixPolitics Hosts Hackathon, Seeks Tech Solution to Nigeria’s Politics  
 #FixPolitics is set to host a hackathon event to bring together a network of data enthusiasts, developers and product designers who would be dedicated to the development of a platform that delivers voters’ information hub, community sensitisation and political accountability.
According to the group, the event, ‘#FixPolitics Hackathon’, will be held on December 12, 2020 at the Co-creation Hub/Virtual Connection. Participants are to register via the link: bit.ly/fixpoliticshack.
“The aim of the event is to revolutionise the interest of Nigerians towards participating in the country’s electoral process,” a statement issued by its Publicist and Spokesperson, Mr. Ozioma Ubabukoh, read.
The statement pointed out that the hackathon was informed by the need to expand voters’ participation in the electoral process and leverage technology to sustain momentum for community engagement.
“Apathy has become a potent weapon to ‘foist’ unpopular candidates on Nigerians and citizens who do not have the requisite information to organise for different outcomes.
“We want to use this hackathon to find meaning to three things – voting process, office of the citizen awareness and candidate selection, which remain key to strengthening the country’s politics,” the statement read.
#FixPolitics explained it had observed with interest that the voting process had been “bastardised” to the extent that the complexity of voter registration and other challenges had made it difficult for voters to easily possess voter’s cards, find polling units and vote during elections
It said, at the #FixPolitics Hackathon, issues on developing a resource hub (including leveraging existing platforms) for voters, which provides candidate information; past performance of incumbents; polling stations; allocations to their communities; and other data required to make informed electoral decision will be addressed.
The Co-founder of Future Africa, Iyinoluwa Aboyeji, said the hackathon would also be used to address issues surrounding the office of the citizen, which also has not progressed politically, as voters do not understand the power they have as citizens to effect meaningful change.
According to him, #FixPolitics has identified that four stakeholders who can provide information to candidates on the ‘Office of The Citizen’.
“These include: Advocates (general populace who would like to be involved and encourage people to vote within their sphere of influence); Community Organisers (#FP volunteers/recruits who can help inform people); Community Leaders (existing leaders in communities); and Partners (existing organised groups/organisations in a society which cut across socio-economic classes, e.g. NBA, NSE, WIMBIZ, NURTW, Students Unions etc.),” Aboyeji added.
The Co-founder and Chief Executive Officer of budgIT, Mr. Seun Onigbinde, shared Aboyeji’s views and stated, “This is an opportunity for young Nigerians to pitch their skills for civic purpose. We want to build on the recent momentum for accountable governance and active citizenry.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Fintech

From Trading to Credit: Robinhood Launches No-Fee Credit Card with Gold Membership Perks

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Robinhood

Robinhood Markets Inc. has announced the launch of its highly anticipated no-fee credit card and it was accompanied by exclusive perks for Gold membership subscribers.

This bold move is a step in the company’s mission to evolve into a comprehensive financial services provider.

The Robinhood Gold Card boasts an array of enticing features. Chief among them is the absence of annual costs or foreign transaction fees, positioning it as an attractive option for consumers seeking financial flexibility.

Moreover, cardholders stand to benefit from a generous 3% cash back on all categories of purchases, a competitive offer in comparison to industry rivals.

Vlad Tenev, CEO of Robinhood, emphasized the company’s commitment to innovation and industry leadership in an interview.

He expressed the intention to not merely introduce a credit card, but to revolutionize the market with a product that sets new standards for customer satisfaction and financial empowerment.

The announcement has sparked enthusiasm among investors, with Robinhood’s shares witnessing a 6.9% surge in early market trading following the news.

This surge further underscores the market’s confidence in the company’s strategic direction and its potential to disrupt traditional financial services.

Beyond the credit card venture, Robinhood has been steadily diversifying its offerings. With the introduction of retirement products and the expansion of commission-free trading services internationally, the company is positioning itself as a formidable player in the global finance landscape.

As Robinhood continues to innovate and expand its suite of services, its trajectory suggests a promising future as a leading force in democratizing access to financial tools and services.

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Telecommunications

NCC Files Copyright Infringement Charges Against MTN Nigeria and Others

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Karl O Toriola - Investorsking.com

The Nigerian Copyright Commission (NCC) has taken legal action against MTN Nigeria Communications Ltd. and four individuals, including its Chief Executive Officer, Karl Toriola, over alleged copyright infringement.

The charges, filed in the Federal High Court, Abuja Division, revolve around the unauthorized use of musical works belonging to artist Maleke Idowu Moye.

According to the NCC, the defendants are accused of offering for sale, selling, and trading musical works of Maleke without his consent between 2010 and 2017. These works were allegedly used as Caller Ring Back Tunes without proper authorization.

The musical pieces in question include popular tracks such as “911,” “Minimini-wanawana,” and “Stop racism,” among others.

The commission further alleges that the defendants distributed these musical works to subscribers without authorization, infringing upon the rights of the artist.

The charges are based on provisions of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004.

As the case awaits assignment to a judge and a fixed date for mention, it marks a significant development in the ongoing efforts to uphold copyright protection in Nigeria’s telecommunications sector.

This legal action underscores the NCC’s commitment to safeguarding the intellectual property rights of artists and creators within the country.

MTN Nigeria, a major player in the telecommunications industry, now faces a legal battle that could have broader implications for how intellectual property rights are respected and enforced within Nigeria’s digital landscape.

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Telecommunications

MTN’s MoMo Sees 32.2% Surge in Transaction Volumes

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MTN Nigeria - Investors King

MTN Group’s mobile money platform, MoMo, has experienced a 32.2% surge in transaction volumes.

With 72.5 million active users, MoMo continues to solidify its position as a leading fintech service provider in Africa, tapping into the continent’s burgeoning mobile banking sector.

The company’s success underscores the growing trend of Africa’s young and tech-savvy population embracing mobile technology to address financial needs.

Mobile phones are increasingly becoming a tool for bridging gaps in services, particularly in banking, presenting a lucrative opportunity for wireless carriers like MTN to capitalize on the burgeoning fintech market.

MTN’s achievement comes as it finalizes a deal with Mastercard Inc., valuing its fintech business at an impressive $5.2 billion.

This strategic partnership further enhances MTN’s position in the digital finance space, positioning it for continued growth and innovation.

However, MTN is not alone in its fintech endeavors. Rivals such as Airtel Africa Plc, Safaricom Plc, and Vodacom Group Ltd. are also making strides in digital transformation, with plans to separate and monetize their fintech businesses in the long term.

Airtel Africa, for instance, is reportedly considering an IPO for its mobile money unit, indicating the high stakes and intense competition within the sector.

Despite the remarkable success in its fintech ventures, MTN faced challenges in its core telecommunications business, with service revenue growth slowing to 6.8%.

Inflation and currency devaluation in key markets, particularly Nigeria, impacted profitability, highlighting the complexities of operating in diverse African markets.

As MTN continues to expand its fintech footprint and invest in infrastructure to enhance connectivity across the continent, it remains poised to capitalize on the immense potential of Africa’s digital economy.

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