SINGAPORE – Media OutReach – 5 August 2022 – Yeeha Games, a $50 million-funded GameFi platform, has announced its entry into the world of web3 gaming. To bridge the gap between traditional gaming and GameFi, Yeeha Games will be releasing a number of blockchain games over the next 18 months. It currently has 11 games in the pipeline, with subsequent game releases planned in the future.
https://www.bybit.com/
About Yeeha Games Yeeha Games is a GameFi platform that aims to introduce traditional gamers to the expansive world of web3.
Backed by Bybit, Yeeha Games brings world-class titles to players worldwide, offering a gaming experience that truly embodies the web3 values — interoperability, compatibility, and ownership.
The $50 million-funded platform has a variety of high-quality, free-to-play games lined up for release in the next 18 months. The first game, titled Midgard Saga, would be released in September 2022.
ROAD TOWN, BRITISH VIRGIN ISLANDS – Media OutReach – 5 August 2022 – Bybit, the third most visited cryptocurrency exchange in the world, will list DEFY, the native platform token and the utility token of DEFY, on Bybit Launchpad 2.0.
DEFY is a play-and-earn NFT Blockchain mobile game. Immersing players in a metaverse that bridges the virtual and physical worlds, DEFY fuses hyper casual code-breaking gameplay, with real world exploration with augmented reality (AR) adventures. Users can find out more about the game that is challenging expectations on where the boundaries of reality exist here: https://defydisrupt.io/.
Bybit will host the initial exchange offering for DEFY, which will be available on the Bybit Launchpad 2.0, a revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for August 15.
The DEFY token is a utility token which is key in letting users acquire in-game assets, interact with other users and enhance their effectiveness as operatives in the game. Ordinarily, users can redeem DEFY tokens with FCOINS (in-game currency) accumulated through in-game achievements or purchased on Bybit Launchpad 2.0.
DEFY joins a list of web3 initiatives debuting on Bybit’s intuitive platform for promising crypto projects. Bybit Launchpad 2.0 gives users early access to some of the most sought-after tokens in the space. Bybit users can commit BIT to subscribe to token allocations, or participate in Launchpad 2.0’s new lottery model where users stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens. Users can also buy the best performing tokens from previous listings via the Launchpad.
Hashtag: #Bybit
About Bybit
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
Google announced in June that the Meet features would be integrated into the Duo app, and that the transition would begin today. Google isn’t technically removing either app; Duo is being rebranded as Meet, with features from both apps, and Meet will remain Meet.
Yes, it sounds complicated, but by the end of this process, there will only be two apps: “Meet Original” (the standard Meet app that will eventually be phased out) and the new Meet, which combines Meet and Duo. You will be able to conduct group and one-on-one calls, as well as hold meetings, using the combined app.
You won’t have to do anything if you already have Duo installed. Google pushed a Duo update last month that added Meet features, and today, Google is rolling out an update on iOS and Android that will change the Duo logo to the Meet icon.
Anyone who downloads the Google Meet app by September will receive the new Meet / Duo combo. Google notes that over the next few months, duo.google.com will redirect to meet.google.com/calling.
If you’re a Meet user, you don’t need to do anything right now if you want to continue using it as it has always been without any additional benefits from Duo. If you want to keep using the original Meet, keep in mind that Google may eventually discontinue support for it. Google says it will notify original Meet users when they “should migrate to the new app experience,” but no date is given.
Consequently, the YTD return decreased to 18.41% as market capitalization declined by ₦6.83 billion to close at ₦27.28 trillion.
The sectoral performance marginally strengthened as three of the five indices under coverage improved. The Banking index, the biggest gainer, improved by 2.07% on ZENITHBANK (+2.80%). The Consumer goods and Insurance indices, followed suit, increasing by 0.06% and 0.04% on PZ (+10.00%) and CUSTODIAN (+4.62%) respectively. Conversely, the Industrial and Oil & Gas Indices, the losers, declined by 1.57% and 0.28% on BUACEMENT (-4.51%) and ARDOVA (-0.20%) respectively.
Investors’ sentiment strengthened as the market breadth increased to 1.50x from 1.47x. This was illustrated by the advance of 24 stocks, led by PZ (+10.00%) and HONYFLOUR (+9.64%) and the decline of 16 stocks, led by MULTIVERSE (-10.00%) and LASACO (-7.07%). Activity level was mixed as the total volume improved by 7.66% while the total value declined by 61.08%, as investors exchanged about 130.45mn units of shares worth over ₦1.62bn.
We expect positive sentiment to return in the next trading session as the equities market still presents decent opportunities for investors chasing positive real returns on investments.
Fixed Income
There was mixed sentiment across the bond yield curve as two of the four bond yields under coverage closed flat while the yields on the FGN-APR-2023 and FGN-MAR-2024 closed inched higher by 2bps and 21bps respectively. The yields on the FGN-JAN-2026 and FGN-JUL-2030 bonds closed flat at 11.75% and 12.19% respectively.
The Treasury bill yields for the 182 and 364-day papers closed flat at 7.78% and 6.82% respectively while the 91-day paper compressed by 1bp to 6.08%.
Amidst alarming headlines about war, new virus strains, and a global economic crisis, it’s not always easy to find purpose in every aspect of life—let alone work.
But employees expect their jobs to be a significant source of purpose: Nearly two-thirds of US-based employees said in a McKinsey survey that COVID-19 caused them to reflect on their purpose in life, and nearly half said they are reconsidering the kind of work they do.
Do you know your life’s purpose? Are you living it? Explore these insights and reflect on what purpose means to you.
The price of kerosene used by several families have jumped to N800 per litre just as the market is beginning to adjust to the newly increased petrol and gas prices.
Market survey by The PUNCH on Tuesday showed that one litre of cooking kerosene, sold for N700 last week, now sells for between N800 and N850 in urban parts of Lagos State, while the price has hit as high as N1000 per litre in suburb areas at filling stations.
In Ghana, the price of a litre of cooking kerosene currently sells for GHS 12.044 (N585) per litre.
Unlike petrol, kerosene is a deregulated product- meaning prices are determined by market forces.
“It’s a deregulated market. It is also a function of the dollar to naira rate and the crude price at the international market. Since cooking kerosene is deregulated, prices can go up, it can also come down,” National Operations Controller, Independent Petroleum Marketers Association of Nigeria, IPMAN, Mike Osatuyi told The PUNCH.
As of June, the Nigerian Bureau of Statistics, NBS, had reported an 88 per cent rise in prices of cooking kerosene and Liquefied Petroleum Gas within in one year.
According to the NBS report on “National Household Kerosene Price Watch,” the price of cooking kerosene went up by 86.94 per cent in one year.
The report also said that the average retail price per litre of household kerosene, HHK, paid by consumers in May 2022 increased by 15.21 per cent on a month-on-month basis from N589.82 in April 2022 to N679.54 in May 2022.
The state profile analysis showed that the highest average price per litre in May 2022 was recorded in Enugu with N868.75, followed by Ebonyi with N861.11 and Imo with N801.67. On the other hand, the lowest price was recorded in Bayelsa with N558.06, followed by Yobe with N601.39, and Nasarawa with N603.33.
In addition, the South-East recorded the highest average retail price per litre of household kerosene with N773.09, followed by the South-West with N738.19, and the North-Central with N668.78, while the North-East reported the lowest with N632.06.
An energy expert, Bala Zakka, while speaking in an exclusive chat with our correspondent, attributed the sharp increase in the price of the products to Nigeria’s continued inability to refine petroleum products for local consumption.
Executive Secretary, Depot and Petroleum Products Marketers’ Association of Nigeria, DAPPMAN, Olufemi Adewole, told The PUNCH in an interview that the reason behind the continuous rise in prices of cooking kerosene was the exchange rate.
“Cooking kerosene is deregulated so prices depend on foreign exchange. A dollar is now N700 from N600 just last month, so prices will surely increase,” he said.
The Executive Secretary of the Major Oil Marketers Association of Nigeria, MOMAN, Clement Isong, could not be reached for his comment on the matter as at the time of filing this report.
Work that wins the hearts and minds of consumers originates from a true client-agency partnership. And this work also wins at Cannes.
This was the overarching insight that came out of the recent Nahana Cannes Lions Discussion virtual event according to a panel of industry experts.
Agency-client collaboration
Tseliso Rangaka, chief creative officer, FCB and Hellocomputer Johannesburg and a Cannes Lions 2022 jury member for the Radio and Audio category notes that none of the work that wins at the level at Cannes is possible without a champion on the partner side.
“It is a complete partnership, and an agency cannot on its own take on that kind of logistical work. It’s hard, and a pain to do; that’s why we can only do this when we have partners on our client side,” he says.
Panel member, Chris Botha, group managing director at Park Advertising says it is critical to recognise the importance of relationships and partnerships. “If you are referring to your partners as vendors then you are in trouble.”
Botha’s “I wish I did that campaign” is the Hope campaign. “Conceptualised in 2019, it only won in 2021. “This shows that commitment and patience from the client.”
He also says it is an example of great work through collaboration between media and creative agencies.
“It shows how a tech partner can be a significant contributor (Google in this case). The other interesting part is that is not a TVC but a deep integration between the medium, the client and the agency.”
Susan Credle, global chair, and CO of FCB says that it is only by partnering with clients that agencies can provide creatively solve their client’s business problems.
Credle also touched on purpose marketing. “This is marketing for good, not profit. And it is important to do this as there is so little trust around the world in anything.”
Representing the unrepresented
Loyiso Twala, chief creative officer of McCann Joburg, judged the (new) category, Social and Influencer, at Cannes. He says that out of the 300 entries judged it is clear that brands need to be brave to represent the unrepresented.
The Grand Prix in this category, the Unfiltered History Tour of the British Museum is an example of this.
“Brands that represent communities and be cause for good win the minds and audiences. That’s when brands are authentic.”
He reiterates that it is only when agency-client relations come together that these stories get told.
Solving real problems through sound
The use of sound and audio to solve real problems in the world was a reoccurring theme in the radio and audio category says Rangaka.
“We saw examples of where audio was used to ease pain, and sound as a way to show protest,” he explains. A fitting example is the Eyedar, from Horizon Therapeutics which won a Gold Lion in the Pharma category.
Doom and gloom fatigue
Elaborating Mike Barnwell, chief creative officer, HelloFCB+ says that purpose marketing works well as it taps into the minds of the consumers and gets them to love your brand.
“But it’s not always about a tear in the eye – it can be humour that connects a consumer to your brand,” he says.
He believes that humour in advertising is making a comeback. “A lot of the work featured at Cannes is cause-related, but there is some fatigue with the doom and gloom, and it is my opinion that humour is making a comeback.”
While this year he says he had to trawl the Awards to find the humour, it is there. “Heinz and Skittles took this position. “It is encouraging to see that there is an attempt to bring humour back.”
Leading innovators, investors, and policymakers from around the world will gather at the Cape Town International Convention Centre (CTICC) from 2-4 November 2022 for the eighth edition of the Africa Fintech Summit (AFTS).
With participants representing over $4.5bn in private equity and venture capital funding, the AFTS is a global initiative dedicated to financial technology in Africa.
The bi-annual summit occurs each April in Washington, USA, and each November in a different African city.
The AFTS Advisory Board unanimously chose Cape Town as the 2022 host city in recognition of South Africa’s position as one of the top 4 Africa’s fintech ecosystem hubs, Cape town’s ranking as one of the top three startup cities in Africa, South Africa’s well-developed infrastructures with an efficient financial, legal, energy, telecommunication, and transport systems as well as a stock exchange that is Africa’s largest and among the top 20 in the world.
Cape Town’s AFTS will focus on the policy and regulation, tech talent, future of banking, mobile money growth and integration, embedded fintech, blockchain, powering African fintech via VC, debt financing and CVC investing, remittances, intra-Africa trade and payment infrastructure and financial inclusion among others.
Strategic partners for the summit include Wesgro, the City of Cape Town, SA’s Department of Tourism, FintechZA, Corporate Council on Africa, The US State Department, Flawless Events, Congo Business Network, Africa Tourism Association, and more.
According to reports, Balogun died on Thursday night at the age of 75.
Tafa Balogun was born on August 25, 1947. He attended the University of Lagos, graduating in 1972 with a B.A. in Political Science.
He joined the Nigeria Police Force in May 1973. While a police officer, he gained a law degree from the University of Ibadan.
After working in various positions around the country, he became Principal Staff Officer to former Inspector-General of Police, Muhammadu Gambo, then Deputy Commissioner of Police in Edo State, and then Commissioner of Police first in Delta State and then in Rivers State and Abia State.
He was appointed Assistant Inspector General of Police in A.I.G Zone One Kano, the position he held when promoted to Inspector General of Police on 6 March 2002.
The cause of his death is unknown as of the time of filing this report.
All You Need To Know About The Trial Of Tafa Balogun
His infamous trial drew global attention in 2005. On April 4, 2005, Tafa Balogun was arraigned at the Federal High Court, Abuja for stealing and laundering of over $100 million in his three years as Inspector General of Police from the Police treasury.
The Economic and Financial Crimes Commission (EFCC) under Nuhu Ribadu brought 70 charges against him, covering the period from 2002 to 2004 when he was the Inspector General of Police. He made a plea bargain with the court in exchange for returning much of the property and money. He was sentenced to six months in jail.
Judge Binta Nyako said her sentence reflected that Balogun was a first offender and had shown remorse. He was directed by the court to pay N500, 000 on each of eight counts charges totaling N4 million.
His trial was full of drama. One of such was when he collapsed on his seat on June 29, 2005, at the Abuja High Court.
The former police boss, who pleaded guilty to eight of the 56 count-charges directly affecting him, was convicted and sentenced to six months in each of the charges, which is however to run concurrently.
He was released on February 9, 2006 after serving his sentence, part of it at Abuja’s National Hospital.
SINGAPORE – Media OutReach – 5 August 2022 – Carros Project Management Pte Ltd (The Company), a subsidiary of BS Capital Group (The Group), is pleased to announce the successful purchase of 100% shares in Premier Corporation Pte Ltd (“Premier Corporation”), enabling the Group to take the reins of Premier Taxis Pte Ltd (“Premier Taxis”), holder of a Street-Hail Service Operator License (SSOL) and a Class 2 Ride-Hail Service Operator License (RSOL), along with its other subsidiaries. The move comes at a time of pivotal growth for the Group and marks a significant development in its horizontal integration strategy.
Incorporated in 2003, BS Capital Group owned by SGX-Mainboard listed Enviro-Hub Holdings’ controlling shareholder and executive chairman, Raymond Ng Ah Hua. Over the years, the Group has built a diverse portfolio of industrial, commercial, retail and residential assets, establishing itself as a key regional player. In 2012, The Group founded Carros Project Management Pte Ltd (The Company), a subsidiary with the purpose of expanding The Group’s presence in different sectors.
One of Carros Project Management’s signature projects is the Carros Centre, an eight-story automotive mega hub with a total build-up area of 2.3 million sq ft of space. The project has received wide acclaim for creating an one-stop eco-system with more than 200 automotive-related occupants, a testament to the development’s success.
Commenting on the acquisition, Owner of The Group, Mr. Raymond Ng said, “As we emerge at the tail-end of the pandemic, it’s important that we take steps well in advance so that we can best position ourselves to capitalize on any opportunities that arise. The acquisition of Premier Corporation comes at a time of renewed interest in travel and leisure activities.”
The Company further deepened its commitment to the automotive industry with the launch of BIS Motoring at the end of 2017. The venture into the Motor Vehicle Leasing Business has already gained much traction. Currently, the Company operates a fleet of more than 1,000 private hiring vehicles (PHV).
Carros Project Management believes it has a lot to gain from the synergies between its PHVs and Premier Taxis’ Taxis. The acquisition of 100% shares in Premier Corporation on August 5th, 2022 will further strengthen its foothold in the automotive space, allowing the Company to expand their fleet and provide greater convenience to commuters.
Hashtag: #BSCapitalGroup
The issuer is solely responsible for the content of this announcement.
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