General News
ST Team Aims to Reduce Poverty in Africa by 30% by 2027

The Smart Treasure Investment Team (ST Team) has held median edition of its business banquet at Vertigo Hotel, Victoria Island, Lagos, to discuss the platform’s vision and legitimacy amidst Nigeria’s uncertain economic climate.

L-R, Barrister Isaac Adediran, Legal adviser, Mr Princewill Otorudo, VIP 9 leader, Mrs. Fola Abiodun, VIP 9 leader, Mr. Trust Otorudo, Regional Head, Lagos, and Hon. Samson Aminu, VIP 7 leader, all of Smart Treasure Investment Team (ST Team) during its business banquet held at Vertigo Hotel, Victoria Island, Lagos.
Trust Otorudo, the regional head for Lagos, introduced the ST Team, including VIP 9 leaders Mrs. Fola Abiodun; Princewill Otorudo and the legal consultant Barrister Isaac Adediran.
Mr Trust emphasized the platform’s commitment to improving financial status through AI-driven trading and data analysis.
According to him, “People should engage in this platform if they want to truly improve their financial status,” Mr. Trust said. “The ST team is not a fake project. You can do your own research and investigative journalism.”
Mr. Trust highlighted the platform’s use of artificial intelligence to predict trades accurately, stressing the importance of moving from traditional means to AI-driven methods of making money.
“Our vision is to reduce poverty rates in Africa by 30% come 2027, with our major focus on Nigeria,” he added. “We believe strongly in public-private partnership and are currently in the incubation stage of our SEC approval.”
Mrs. Fola Abiodun shared her motivation for spreading the news about the platform, emphasizing the importance of financial stability for societal security.
“I believe that when we have more people doing well in society, there won’t be a cause for stealing and robbery,” Abiodun said. “That’s one of the drives that made me reach out to my colleagues, friends, and family.”
The ST Team aims to provide an enabling environment for individuals to achieve their goals, whether in agriculture, education, or manufacturing, while also making money virtually.
Addressing concerns about potential challenges from banks, Mr. Trust clarified that the ST Team does not trade the Naira and poses no threat to Nigerian banks.
“We are not a threat to any bank. We do not trade the Naira, and we have no business with fiat currencies,” he said. “The banks will enjoy doing business with us.”
The team also discussed their corporate social responsibility (CSR) initiatives, which include supporting education and community development projects.
When asked about the platform’s incorporation and licensing, Mr Trust revealed that ST Team was incorporated in 2025 and is currently awaiting its full Securities and Exchange Commission (SEC) license.
The banquet concluded with a call to action for individuals to take advantage of the opportunities provided by the ST Team to improve their financial status and contribute to reducing unemployment in Nigeria.
General News
NIHSA Warns States of Possible Flood within Seven Days

Nigeria Hydrological Service Agency (NIHSA) has warned of possible floods in parts of Adamawa, Bauchi, Edo, Imo, Enugu, Akwa Ibom, Cross River, Kaduna, Plateau, Niger, Benue, and Borno states within the next seven days.

According to information posted on NIHSA X handle, the Agency announced medium flood advisory in force for the next 7 days across Adamawa, Bauchi, and 11 other States.
“Localised inundation is forecast along the main channel; named communities below sit on the projected footprint. Stations: Saminara on the Karam river, Waya Dam Site on the Waya river, Amber on the Amber river.
“Adamawa; Lemsa, Lamurde, Numan Exposure: 147 comm. 49 schis 40 hith 6 mkts17 relig. Bauchi-Bauchi, Ningi, Shira. Exposure: 4 comm. Kaduna; Chikun, Giwa, Igabi, Jaba, Jema’a, Kachia, Kaura, Kauru, +6 more. Exposure: 1 comm.
“Borno-Gubio, Mobbar. Exposure: 680 comm. 8 schls 6 hith 5 mkts 21 relig. Edo-Akoko-Ed, EtsakoEa, EtsakoWe, Ikpoba-Okha, Orhionmw, OviaNort, OviaSo.. Exposure: 3 comm.
“Imo-Aboh-Mba, Oguta, Ohaji/Eg, Okigwe, Owerri North, Owerri West. Exposure: 3 comm. 7 more states affected and severity LGAs”.
NIHSA advised people in the affected areas to “do NOT cross flooded roads, bridges, or fast-moving water on foot or by vehicle.
“Clear drainage channels and river-mouth blockages; avoid building or living in the floodplain and move people, livestock and valuables from the floodplain to pre-identified higher ground,” NIHSA stated.
General News
First Trustees Advocates Estate Planning as an Essential Tool in Every Wealth Creation Strategy

First Trustees Limited, a subsidiary of FirstHoldCo Plc., and a leading provider of fiduciary and trusteeship services in Nigeria, is encouraging individuals, professionals, entrepreneurs, and investors to view Estate Planning not as an end-of-life exercise, but as a strategic investment tool for protecting, preserving, and transferring wealth across generations.

As more Nigerians focus on wealth creation through businesses, real estate investments, and other income-generating assets, experts are emphasizing that building wealth is only one part of the equation.
Equally important is creating structures that ensure those assets remain protected, properly managed, and seamlessly transferred to succeeding generations in accordance with the asset owner’s wishes. Importantly, Estate Planning is not solely for the wealthy, it is a prudent step for anyone with assets, dependants, or a business to protect, regardless of age, profession, or net worth.
Speaking on the importance of Estate Planning, Ereifemi Akeredolu, Managing Director/CEO, First Trustees Limited, noted that Estate Planning should be considered a core pillar of every long-term financial strategy.
“Many people focus on creating wealth but give litle thought to preserving it. Estate Planning is a wealth protection strategy that helps individuals safeguard their assets, secure their family’s future, and ensure that the value they build today continues to benefit future generations.”
Using tools such as Trusts, Wills, and advanced succession plans, individuals can build structures that support wealth preservation, business continuity, asset protection, and intergenerational wealth transfer.
For entrepreneurs and business owners, Estate Planning serves as a powerful tool for ensuring business sustainability, helping organizations remain stable and operational regardless of unforeseen circumstances.
First Trustees continues to emphasize and educate on the importance of Estate Planning as a comprehensive strategy for proactive planning. It remains one of the most important financial decisions an individual can make: it provides clarity, minimizes uncertainty, and protects assets from unnecessary erosion and disputes. It also creates financial security for loved ones, supports business succession and continuity, and facilitates long-term investment and legacy planning.
General News
Nearpays, Nigerian Fintech Becomes First African Startup to Win UN’s AI for Good Innovation Factory

Nearpays, Nigerian fintech, has won the AI for Good Innovation Factory grand finale — the first African startup ever to take the global title in the competition, which runs as part of the United Nations’ AI for Good Global Summit.

The competition drew more than 500 startups worldwide, each pitching AI solutions aimed at social and economic challenges.
The summit itself is organised by the UN through the International Telecommunication Union (ITU) in partnership with several UN agencies, convening governments, researchers, startups, and technology companies around AI’s role in development.
Nearpays’ route to the title ran through Johannesburg, where it won the African regional competition, before advancing to the global finals in Geneva.
There, the company progressed through the semi-finals and claimed the grand finale — a first for the continent.
The company describes the win as bigger than a corporate milestone, calling it a victory for African innovation and proof that technology built to solve local problems can compete, and win, on the world stage.
Nearpays was founded to close a stubborn gap in African payments: small and medium-sized businesses that can’t afford or access traditional point-of-sale terminals.
Cost, availability, and deployment hurdles have kept many merchants — particularly in rural and underserved communities — locked out of digital payments.
Its answer is SoftPOS: an AI-powered platform that turns compatible Android smartphones into payment acceptance devices, letting merchants take contactless card payments with nothing more than their phones. AI is embedded across the platform, supporting payment processing, compliance, fraud detection, and business operations.
Crucially, the platform was built for African infrastructure realities — it works both online and offline, so merchants can keep accepting payments even without internet connectivity.
The company credited its team’s years of product development and customer engagement for the result, and thanked the UN, the ITU, and the AI for Good initiative for building a platform where innovators can apply AI to real-world problems.
It also said it hopes the win encourages more African founders to build technology that answers local needs while competing internationally.
For Nearpays, the title closes one chapter and opens another, as the company pushes on with expanding digital financial infrastructure across Afric
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