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Global X Funds Launches 1st Nigeria ETF, Another in Asia

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Global X Funds, the New York based provider of exchange traded funds, yesterday launched the Global X Nigeria Index ETF and the Global X Central Asia & Mongolia Index ETF on NYSE Arca.

Both funds are first to market ETFs for their respective regions and will build on Global X Funds tradition of providing  exchange-traded funds that facilitates access to investment opportunities across the global markets.

The Global X Nigeria Index ETF (NGE) provides exposure to the largest and most liquid companies in Nigeria as well as companies that derive a significant amount of revenues from the country, giving investors a cost-efficient way to access a country with significant long-term growth potential.

Goldman Sachs has included Nigeria in its “Next 11” economies, which are defined as a group of large, fast-growing markets that are expected to be an important source of growth and opportunity in the future.

In addition to being the 7th most populous country in the world and the most populous country in Africa with over 160 million people, approximately 63% of Nigeria’s population is under the age of 25 (World Bank, 2013).

The Global X Central Asia & Mongolia Index ETF (AZIA) provides cost-effective exposure to hard to access countries by investing in foreign listings of Central Asian companies as well as in companies that derive significant revenues from the region.

In recent years, the economies of Central Asia have benefited significantly from land that is rich in natural resources; the region has become a major exporter of oil, copper, gold, silver, coal, zinc, lead, uranium, cotton and wheat. 

China has emerged as a key destination for these resources, and has been investing heavily to develop energy and transportation infrastructure in the region. 

Trade between Central Asia and China has grown from approximately $500 million in 1992 to $30 billion in 2010, reflecting an annual growth rate of over 25% (National Bureau of Statistics of China, 2012).

The Economist Intelligence Unit predicted that Mongolia will grow its GDP by nearly 14% this year, the second fastest growing country on the planet (2013).

“The launch of NGE and AZIA have expanded our offerings to include frontier markets— investment themes we stand behind due to their long-term potential and lower correlation with other markets,” said Bruno del Ama , chief executive officer of Global X Funds.

The Global X Nigeria Index ETF tracks the Solactive Nigeria Index. The Global X Central Asia & Mongolia Index ETF tracks the Solactive Central Asia & Mongolia Index.

With $1.8 billion in managed assets as of March 22, 2013, Global X Funds is one of the fastest growing ETF providers in the world.

It  currently offers exchange-traded funds that target Income, Commodity Producers, Developed Markets, Emerging Markets, and Special Opportunities fund suites. For more information, please visit www.globalxfunds.com


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Fela Makes History as First African to be Inducted into Rock and Roll Hall of Fame

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Fela Anikulapo-Kuti, simply known as Fela, legendary Nigerian musician, has made history as the first African artist to be inducted into the Rock & Roll Hall of Fame.

Fela Makes History as First African to be Inducted into Rock and Roll Hall of Fame

Fela

This is coming after he was  posthumously honored with the 2026 Grammy Lifetime Achievement Award, becoming the first African artist to receive this prestigious special merit recognition.

Fela will be honoured in the early influence category this year, along with Queen Latifah, rapper MC Lyte, country rocker Gram Parsons, and Cuban singer Celia Cruz at this year’s Rock and Roll Hall of Fame event.

The honorees were revealed on Monday night in the US, during an airing of American Idol.

Sade Adu, Nigerian-born British singer, will be honoured in the performance category.

However, Shakira, Mariah Carey, Lauryn Hill, New Edition, and Pink, missed out on the final cut despite being nominated.

Over 1,200 artists, historians and music industry professionals voted to decide the honorees.

The induction ceremony will be held on 14 November at the Peacock Theatre in Los Angeles.

 

 

 


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FG to Gift Nigerians over 100 Free TV Channels from May 15

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National Broadcasting Commission (NBC) is set to launch so-called  FreeTV, with over 100 channels for news, sports, education, entertainment and children’s programming in multiple Nigerian languages.

FG to Gift Nigerians over 100 Free TV Channels from May 15

The launch is scheduled for  May 15.

Charles Ebuebu, director-general, NBC, who disclosed this, said the new platform will offer free-to-air access with no carriage fees, leveraging hybrid satellite and internet delivery via NigComSat-1R.

The new plan is not an upgrade, the NBC stressed. This is a rebuild, according to Ebuebu .

FreeTV will be true free-to-air – no encryption, no set-top box barrier.

Any DVB-T2/S2 television will work. A mobile app will extend reach to phones and tablets.

The platform will launch with over 100 national, regional and state channels across sports, news, children’s programming, education, entertainment and cultural content in Hausa, Yoruba, Igbo, Tiv, Ijaw, Edo, Fulfulde, Ibibio, Efik and Nupe – all in HD.

Crucially, the NBC has partnered with a Bulgarian firm, GARB (operating since 2006 and recognised by the European Broadcast Union), to deliver a 94 per cent-accurate audience measurement system using return-path data, app analytics, demographic panels, and Artificial Intelligence (AI).

To qualify broadcasters, must commit their channels, produce a minimum of 60 per cent local content, and promote FreeTV until January 2029.

After that, a regulated tiered rate card takes effect.

According to NBC, the strategic rationale is simple: build viewers first, monetise later.

The document further revealed that six regional production hubs in Lagos, Abuja, Port Harcourt, Enugu, Kano and Benin would function as local content factories, expected to generate 500 to 1,000 jobs per zone within two years.

 


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What Adekunle Gold’s Support Means for ‘The Gathering on 100

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Popular Nigerian artist Adekunle Gold has lent his support to the growing youth-driven movement behind The Gathering on 100, further amplifying conversations around what is fast becoming one of the most talked-about upcoming experiences among young Nigerians.

What Adekunle Gold’s Support Means for ‘The Gathering on 100

Adekunle Gold

Known for his music and his strong connection with youth culture and evolving creative expression, Adekunle Gold’s involvement signals a deeper alignment between the event and the kind of audience it is attracting, a generation that is bold, expressive, and constantly redefining what community looks like.

While details of his involvement remain understated, his visible support adds a new layer of support and cultural relevance to the movement. In a landscape where attention is currency, endorsements from artists of his stature often act as a signal, drawing more eyes, more curiosity, and ultimately, more participation, but beyond visibility, the significance lies in what it represents.

The new father has, over the years, built a reputation for embracing creativity in its many forms, from music to visual storytelling, fashion, and digital engagement. His brand has consistently resonated with young Nigerians navigating similar spaces of self-expression and identity.

From interactive experiences like live music sessions and open performance moments to fashion runways and content creation spaces, the event is designed to blur the lines between audience and participant. It invites attendees to move beyond observation and become part of the moment.

This is a concept that closely mirrors the kind of cultural shift Adekunle Gold has been part of, one where boundaries between creator and consumer continue to dissolve.

His support also reflects a broader trend within Nigeria’s entertainment industry, where artists are increasingly engaging with youth-led initiatives that go beyond traditional performances. Rather than simply appearing on stage, they are aligning with movements that foster community, creativity, and shared experience.

For fans and attendees, this adds another dimension to what The Gathering on 100 represents.

As registrations increase and conversations expand across social platforms, the movement is gradually taking shape through the collective interest of those drawn to it.

Head to gathering.com to register.


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