News
Betway Donates GYM Equipment to Promote Fitness in Ikorodu Community

In an effort to improve the services rendered to residents of the Lagos community, leading online betting provider, Betway Nigeria, on Thursday, 29 April, 2021, donated gym equipment to ForeverLiving Fitness and Wellness Centre located in Ikorodu.

With Ikorodu being the second-largest hub for Betway Nigeria, the brand aims to connect with residents in the area on a personal level by helping them achieve their fitness goals.
Led by Udeaja Oluwasegun, ForeverLiving Fitness and Wellness Centre is a pop-up gym that encourages members of the community to adopt fitness routines and meal plans vital to maintaining a healthier lifestyle. The centre was established in 2020 and initially offered a free membership plan as part of its early campaign. Oluwasegun is a certified fitness coach trained in Phoenix, Arizona, USA, where he was based before returning to Nigeria in 2018 to set up the fitness centre.
The centre has grown by providing fitness and wellness programmes to people who otherwise would not have had access to them. Currently, the fitness centre records a remarkable attendance of up to 150 fitness enthusiasts who seek the services and guidance of well trained professional fitness coaches on a daily basis.
During the handing over of the equipment, Oluwasegun expressed his gratitude to Betway for helping him achieve his dream of setting up a world class fitness centre that will impact the lives of people living in the rural community of Igbogbo Baiyeku.
“It has always been my dream to touch the lives of those around me through the promotion of fitness and healthy living. I have been active for as long as I can remember, and I know the benefits of keeping fit, and that’s my true passion. Setting up a fitness centre here in Igbogbo Baiyeku, Ikorodu, is my own way of promoting healthy living among a much-overlooked community,” he said.
“I am thankful to the Betway team for supporting us with this much needed gym equipment. This gesture will go a long way in changing lives,” Oluwasegun added.
Some of the equipment donated by Betway included squat racks, treadmills, dumbbell sets, a dumbbell rack, kettlebells, battle ropes, sit-up and bench press benches, and stability balls.
Betway Nigeria’s Director, Chris Ubosi, revealed that the brand was hopeful that the support it lends will go a long way in impacting how people view fitness, and that they will continue to make it a daily routine in their lives.
“Betway is happy to support ForeverLiving Fitness and Wellness Centre in their bid to promote fitness and healthy living in Ikorodu. We hope that these materials will go a long way in contributing to the general well-being of residents in this community,” Ubosi said.
Guests present at the event included the Betway Nigeria team, representatives of the Ikorodu Local Government Area, representatives of the Lagos State Lottery Board and the residents of Ikorodu. With its support to the ForeverLiving Fitness and Wellness Centre, Betway Nigeria continues to go above and beyond for the communities within which the brand operates.
News
NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira

National Reading Culture (NRC), an online investment platform targeting Nigerians has collapsed, resulting in the loss of billions of Naira for investors.

The website unexpectedly shut down, blocking users from withdrawing their funds and locking in their investments.
Just like all other investment scams, victims were lured with promises of doubling their money in few weeks.
When National Reading Culture eventually crashed, the operators vanished with users’ funds, leaving investors devastated.
How the Platform WorkedTask-Based Earning:
According findings, National Reading Culture lured users with promises of making money by completing simple daily tasks like reading articles, clicking links, or inviting friends.
They also offered investment tiers to earn higher daily profits, where users had to deposit their own money into the platform.
Evidence showed the website previously operated as a Chinese job search platform before rebranding into an “earning” scheme.
News
NSITF Partners South African Insurer on Digital Transformation

The Nigeria Social Insurance Trust Fund (NSITF) has signed a memorandum of understanding (MoU) with Rand Mutual Assurance (RMA) to collaborate on digital transformation aimed at strengthening worker protection systems and support economic growth.

According to RMA, the agreement was concluded during a visit by its delegation to Abuja.
The partnership will focus on institutional capability development, modernising operating models, improving service delivery and sharing knowledge between the two organisations.
Through the partnership, RMA and NSITF will collaborate to strengthen institutional capability, modernise operating models, accelerate digital transformation and improve services for workers and employers.
The organisations will also explore opportunities for knowledge exchange and the adoption of best practices in social security administration.
RMA said the agreement forms part of its broader engagement with governments, regulators and social security institutions across Africa to support improvements in governance, operational resilience and service delivery.
“Our partnership with NSITF reflects much more than the signing of an agreement,” said Mandla Shezi, group chief executive officer of RMA. “This partnership is not simply about sharing knowledge. It is about co-creating the next generation of African social security systems.”
He added: “By combining our respective strengths, we can help build institutions that are more resilient, more responsive and better equipped to protect workers while supporting national development.”
Shezi said the future of social security depends on integrated systems where prevention, insurance, healthcare, rehabilitation, technology, investment management and institutional capability work together.
News
Microsoft to Lay Off 4,800 Workers

Microsoft has announced plans to cut about 4,800 jobs, representing roughly 2.1 percent of its global workforce, with Xbox, its gaming division, expected to bear the largest share of the layoffs.

The company said more than 1,600 positions at Xbox would be eliminated immediately, while another 1,600 jobs would be phased out over the next year as part of a major restructuring of the gaming business.
In a memo to employees, Amy Coleman, executive vice president, Microsoft, said the company was streamlining its operations to focus on areas that deliver greater value to customers in a rapidly changing technology industry.
Asha Sharma, chief executive officer, Xbox, described the move as “the most significant restructure in Xbox history,” saying the changes are intended to position the gaming business for long-term growth rather than downsizing.
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