E-Financial
Bitcoin Community Can now Buy NFTs to Support Global Philanthropic Projects

The Built With Bitcoin Foundation,a humanitarian organization powered by Bitcoin, announced that it is working alongside Satoshibles NFT, to raise funds for the foundation’s on-going efforts to build schools and communities around the world through Bitcoin sales of their Built With NFT Collection, with 100% of proceeds and royalties going to the beneficiaries.
The Built With NFT Collection features artwork from students at Built With Bitcoin Foundation (BWB) campuses across Africa.
Students ranging from ages 3-12 were provided with paint supplies and prompted with the question “What do you want to be when you grow up?”. From this artwork, the paintings were separated into two parts, and using an algorithm to combine the parts at random, 10,000 unique NFTs were created.
Today, 5,000 NFTs are available to mint on Bitcoin via Stacks, with the remainder on Ethereum.
To help bring the Built With NFT Collection to Stacks, the Built With Bitcoin Foundation and Satoshibles collaborated with STXNFT to allow the NFTs to be minted and settled on the Bitcoin network.
The team used a service called LNswap, an atomic swap exchange that enables trustless swaps between Bitcoin on Lightning and assets on Stacks such as STX, to enable Bitcoin Lightning payments.
The first 13.41 ETH collected from this project was reinvested in the communities that made this collection possible.
The Built With Bitcoin Foundation provided resources for art, music, culture, sports, and other extra curricular activities for BWB schools in Kenya, Rwanda, Nigeria, and El Salvador.
All remaining proceeds will fund the Foundation’s on-going efforts to build communities that provide clean water, access to quality education, sustainable farming, and humanitarian support around the world with their next projects initiating in Africa, Asia, and Latin America.
Ray Youssef, Executive Director of the Built With Bitcoin Foundation, said, “The Built With Bitcoin Foundation not only builds schools, but strong and sustainable communities around the world. The students’ artwork has already begun to fund new projects and now with the support of the Bitcoin community, we can’t wait to continue to carry out our mission.”
Yusuf Nessary, Director of Philanthropy of the Built With Bitcoin Foundation, said, “Making the Built With NFT collection available on Stacks allows our work to be as inclusive as possible. We understand the power of Bitcoin and what it has provided to countless communities – I’ve seen this first-hand. We are thrilled to welcome the Bitcoin community and bring even more awareness to the project.”
Brian Laughlan, Creator of Satoshibles, said, “I am excited to see this project span across multiple blockchains. The Built With NFT Collection would not be possible without the students from the Built With Bitcoin Foundation schools. By extending the NFT mint not only on Ethereum, but now to Bitcoin, we have the chance to spread the message even further and take advantage of the amazing Bitcoin community, who at its core, also aligns with the idea of using crypto, in this case, NFTs for social good.”
Jamil, Founder of STXNFT, said “Since its inception, Bitcoin has been a force for good, bringing economic freedom to billions globally. I believe Bitcoiners, more than anyone else, are in the best place to build on that vision with NFTs. Projects like Built With NFT showcase that perfectly, by cutting through the hype to deliver on a meaningful cause. I couldn’t be more proud to help bring this project to life.”
5,000 NFTs from the Built With NFT Collection will be available for minting today on the Built with NFT website.
E-Financial
First Asset Management Surpasses ₦1 Trillion in Assets Under Management

First Asset Management Limited, a leading investment management firm in Nigeria and a subsidiary of First HoldCo Plc., has announced a significant milestone, the company has surpassed ₦1 trillion in Assets Under Management (AUM).
This achievement reflects the firm’s steadfast commitment to delivering exceptional client service and strong investment performance. It also underscores the trust and loyalty shown by its clients, partners, and stakeholders, which have been instrumental in driving the company’s sustained growth.
Speaking of the milestone, Ike Onyia, Managing Director of First Asset Management Limited, credited the accomplishment to the enduring support of the firm’s clients and stakeholders.
“This milestone is a clear indication of the confidence placed in us by our clients and partners. It highlights the firm’s ability to deliver successful investment outcomes and reinforces its dedication to fulfilling its mandate,” Onyia said.
He went on to express deep appreciation to the firm’s clientele: “The continued partnership of our clients is not taken for granted. Their commitment has been pivotal, and the performance of their investments inspires the team’s dedication to providing best-in-class service. As the firm continues to grow, it remains focused on deploying innovative and forward-looking investment strategies tailored to each client’s financial goals.”
E-Financial
Court Rejects Bid to Stop CBN from Using e-Naira Trademark

Federal High Court in Abuja has rejected the request to stop the Central Bank of Nigeria (CBN) from using the e-naira trademark for the growth of the country’s economy.
Justice James Omotosho refused to grant the request brought before him by E-naira Payment Solutions Limited, a private company, which had dragged the CBN before the court, praying for an order of interim injunction restraining the apex bank from using the e-naira trademark on the grounds of lack of ownership.
It claimed that the disputed e-naira trademark was its sole property based on the acceptance of its application for registration by the Trade Marks Registry of Nigeria.
The plaintiff claimed that its ownership of the trademark was being threatened by the CBN’s bid to hijack the mark, adding that it would suffer irredeemable damages if the apex bank were allowed to assume ownership of the mark.
In a motion on notice marked FHC/ABJ/CS/2021, E-naira Payment Solutions Limited asked the court to stop the CBN from communicating with the United States Patent and Trademark Office regarding the disputed trademark until the dispute is fully resolved.
It also pleaded with the court to stop the United States from processing the CBN’s application for the formal registration of the e-naira trademark for use by the CBN and the federal government of Nigeria.
However, the CBN, in its defence, pleaded with the court to reject the request on the grounds that the e-naira trademark is a national asset that can only be owned and used by the federal government of Nigeria and itself.
The apex bank claimed that the letter of acceptance of registration issued to the plaintiff in error by the Trade Marks Registry of Nigeria had since been voided and withdrawn through a letter dated 15 November 2021.
CBN, while describing the e-naira trademark as national intellectual property, informed the court of its possession of a registration certificate from the Trade Marks Registry of Nigeria in line with Section 22 of the Trade Marks Act and that it was on the verge of securing registration from the United States Patent and Trademark Office.
The bank maintained that the e-naira trademark cannot be owned by an individual or private corporate body such as E-naira Payment Solutions Limited and faulted the ownership claims of the plaintiff, adding that there was no proof of its claim in Class 36 that it had registered the mark with the Trade Marks Registry of Nigeria.
Contrary to the plaintiff’s claim, the CBN, in its defence, insisted that Nigeria would suffer huge losses in its economy and reputation in the international community.
In his ruling on the motion, Justice James Omotosho agreed with the CBN that Nigeria’s economy would suffer greater damage than the plaintiff if the request were granted.
The judge held that the letter written by the CBN to the United States Patent and Trademark Office, advising it not to accept the plaintiff’s application, was a preservatory measure aimed at protecting Nigeria’s interests, not a malicious act as claimed by the plaintiff.
Justice Omotosho, while rejecting the request, awarded costs of N50,000 against the plaintiff, to be paid to the CBN before the adjourned date for the hearing of the substantive suit. He fixed 26 June for the hearing of the substantive matter.
E-Financial
FMITI, NGX Group Partner to Achieve $6Bn Investment Target

The Federal Ministry of Industry, Trade and Investment (FMITI), under the leadership of Honourable Minister Dr. Jumoke Oduwole, MFR, has reaffirmed its commitment to Nigeria’s economic transformation through a robust partnership with the Nigerian Exchange Group (NGX Group).
This collaboration was highlighted during the distinguished Closing Gong Ceremony at the NGX, Lagos, where Dr. Oduwole outlined FMITI’s ambitious target to facilitate $6 billion in foreign investment into Nigeria’s productive economy in 2025.
Oduwole was at the Nigeria Stock Exchange (NGX) on invitation by the Board and Management of Nigerian Exchange Group Plc (NGX Group) to perform the distinguished Closing Gong Ceremony on Nigerian Exchange, Lagos.
This symbolic ceremony, held on trading days, marks the formal close of the market and provides an excellent platform to showcase leadership, inspire stakeholders, and address critical economic issues.
Of the $6 billion target, $3 billion is projected to come from Foreign Direct Investment (FDI) into key sectors such as infrastructure, manufacturing, agribusiness, technology, and renewable energy.
These sectors are pivotal to creating jobs, promoting exports, and enhancing Nigeria’s productive capacity. Another $3 billion will be mobilized through Foreign Portfolio Investment (FPI) by leveraging innovative financial instruments like green bonds, diaspora-linked securities, and SME-focused platforms.
These efforts aim to deepen market liquidity and align capital flows with national priorities.
Oduwole emphasised the integral role of capital markets in driving economic resilience and sustainable growth, stating: “Deepening Nigeria’s capital markets is fundamental to improving investment flows, creating jobs, and sustaining long-term economic resilience.”
Ahonsi Unuigbe, Chairman of Nigerian Exchange Limited (NGX), reinforced the importance of this collaboration, noting that, “capital markets are powerful engines of innovation, business expansion, and economic inclusion, all of which are essential to advancing Nigeria’s industrialisation objectives.”
Temi Popoola, Group Managing Director/CEO of NGX Group, high – lighted the Exchange’s technologydriven vision.
“We are building a next-generation exchange ecosystem designed to de – mocratise investment opportunities, enhance market liquidity, and position Nigeria as a competitive destination for both domestic and international capital,” he said.
Partnership Opportunities and Achievements The engagement brought together key stakeholders from the capital market ecosystem, all of whom reaffirmed their commitment to supporting FMITI’s initiatives.
Notable areas of collaboration include: Strategic Listing of State Owned Enterprises (SOEs): Building on the successful corporatization of the Nigerian National Petroleum Company (NNPC), the listing of SOEs is expected to unlock significant value, enhance transparency, and deepen market liquidity.
Empowering SMEs: Efforts are underway to establish a dedicated capital market platform for small businesses, providing access to funding, capacitybuilding programs, and pathways for sustainable growth.
Green and Sustainable Finance: The NGX Impact Board is set to mobilize capital for high-impact projects through instruments like green and sustainability bonds, supporting climate resilience and infrastructure development.
The NGX Group also emphasized its role as a gateway to capital markets, offering a robust platform for cross-border investments.
This aligns with FMITI’s vision to restore investor confidence and attract foreign capital, as evidenced by the recent rebound in Foreign Direct Investment (FDI), which rose to $2.6 billion by Q2 2024.
A Shared Ambition for Nigeria’s Prosperity Speaking at the ceremony, Alhaji (Dr.) Umaru Kwairanga, Chairman of NGX Group, commended the Ministry’s leadership and bold reforms, which have set the stage for inclusive growth.
“By fusing policy innovation with market infrastructure, we can catalyze a new era of sustainable growth and national development,” he stated.
As Nigeria moves toward its $1 trillion GDP target by 2030, FMITI and NGX Group remain steadfast in their shared ambition to build a prosperous, inclusive, and resilient economy.
Together, they aim to align investments with national priorities, unlock the full potential of Nigerian enterprise, and create tangible opportunities for all Nigerians.
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