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TP Global FX Equips Youths with Forex Trading Skills

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TP Global FX has stated that it is ready to equip Nigerian youths with the right skill set and knowledge in forex trading to enable them gain financial freedom and help the economy grow.

The firm which held a 2-day summit to educate youths in Nigeria on Exportable Skillset such as Forex, noted that such knowledge can also lead to gainful employment and boost entrepreneurship in the country.

Chuks Obiri, the Country Manager, TP Global FX, said that their mission is to empower youths with skills that would help them earn much more because when they do, they can bring back the money to help the economy.

According to him, “We want to contribute our own quota to help the economy by educating them with exportable skillset. We are not asking them to bring too much money, we want to educate them on skills that they can export that will benefit them and grow the economy.

“Some people have this money but they don’t know what to do with it, hence our mission of educating them on how to make good use of their money, with available experienced people to teach.

“They can earn so much not from their capital but with the right skillset like Davido, Wizkid export their skills outside the country and they are paid for. We don’t need too much money, all we need from our youth is for them to come so we can teach them the right skillset so that we can export them.”

Obiri while educating the youths emphasised that there is need for every youth to learn exportable skillset which is the solution to the uncertain economy.

He further explained that the falling Naira versus the US dollars is affecting everyone, adding that every Nigerian needs to be empowered, be trained, be educated, “and have the right mind set and also embrace these solutions we are bringing for a better Nigeria.”

The Country Manager disclosed that supply and demand, government policies, lack of investors’ confidence, insecurity, government borrowing for personal expenses, and importation are the factors responsible for the naira decline.

He, however, faults Nigerian politicians for the scarcity of dollars, “The politicians are indirectly responsible for the scarcity of dollars in Nigeria because they have kept these dollars for long and bringing them out now to give to delegates.

“The hoarding of those dollars is the reason why it keeps skyrocketing. We want to contribute to our quota by first increasing the earning power of Nigerians because if an average Nigerian earns about 2000 dollars which is approximately 1.2 m so imagine what they can do with that amount,” he said.

Speaking earlier, Nitish Sharma, the Chief Executive Officer, (CEO), TP Global FX, said “Our ultimate mission is that any trader who is associated with us always earns out of his investments by trading himself using our different educational and monitoring services with a vision to strive to offer the best trading conditions to our clients using state of the art AI/ML-based trading experience.

He remarked that the organisation is determined to show people how to earn in foreign currency by educating them more on the financial market, and how they can execute while also earning.

Commenting on his interest in coming to Nigeria, Sharma said he has a lot of investors here and it has been a wonderful time here, disclosing that the biggest factor that is going to play in the dollar Naira will be the election by next year.

Speaking on the confidence of investors, he said: “The confidence of investors is going to be determined by the government fiscal policies, ‘’so let’s wait after the election as no one will want to lose his money.”

He said with approximately 250 million people in Nigeria among youths, their product will sell because Nigeria is a huge market.

Also speaking, Vignesh Sundar, Regional Marketing Manager, on his part said they want Nigerians to know that they have the power to better their own lives not just to train them, “we are here to show them the resources to make their life better financially as well as their families too”

He said that the challenges so far are that everyone is positive but they are not aware of the resources they have at hand to reach the next levels.

“It pains me that the youths are positive but are not aware of the resources they possess. I am here because I am so passionate to make people get better with the right resources. I am here to show them the resources we have to help them to get to the next level,” he said.

For the protection and confidence of investors, he said, “No one can read the future, but what we can do is to control your future. We are here to show that people can come and go, but your future is in your hands.

“We are showing them that no matter who comes to destruct your life, whether, for the better or the worse, you always make sure you have control over your life. My narrations are to make sure people take power on their hands, make money on their own so they can control their narratives.”

One of the participants, Modebola Ajibodu said she is here to learn from the TP Global Summit, noting that as a professional the training would provide an opportunity to make alternative sources of income legally.

She added: “The dollar has given Naira a substantial nature presently, so I am here to learn more so I can see how I can maximise the little I have and be able if not meet up with the standard of the dollar, but at least, have a fighting right like every other person that has a better currency.”


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MultiChoice Introduces New Channel, Renames Three others on DStv, GOtv

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Pay-TV operator, Multichoice Group, has rebranded its SuperSport variety channels on both DStv and GOtv platforms.

In a statement on Thursday by the Executive Head of Marketing at MultiChoice West Africa, Tope Oshunkeye, MultiChoice announced that the changes took effect from Wednesday, October 9, 2024.

Changes on DStv, GOtv

As part of the rebranding, the current SuperSport Select Channel has been renamed SuperSport Africa.

A new channel, SuperSport Action, has also been introduced, featuring a broader range of sports content, including UFC matches and additional Champions League games.

GOtv packages will see the following changes:

  • On the GOtv Jinja and GOtv Jolli packages, SuperSport Africa will replace Select 2 (Channel 64).
  • On the GOtv Max package, SuperSport Africa and SuperSport Africa 2 will replace Select 1 and Select 2 (Channels 63 and 64).
  • SuperSport Action will replace Select 3 (Channel 69) on the GOtv Supa and SupaPlus bouquets.

Oshunkeye explained the reason for the updates, stating, “The channel revamp is part of our ongoing efforts to enhance our sports offering and provide customers with more unbeatable sports content that resonates with them.”

He added that the new channels would deliver top sports action from around the world, including local boxing, UFC events, comprehensive analysis, and other engaging content curated for the African audience.

Oshunkeye reiterated MultiChoice’s commitment to offering premium services, saying, “We remain dedicated to delivering the best sporting action to our customers and continuously exploring ways to delight them with more choices, exciting live content, and great value.”

Subscribers are encouraged to subscribe, reconnect, or upgrade their packages through the MyGOtv App or by dialing *288#. They can also watch their favourite sports on the go using the GOtv Stream app.


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XA Network Expands Footprint to Africa with Launch of XA Africa

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XA Network, a leading investment network founded by tech alumni in Southeast Asia, on Thursday announced its expansion into Africa with the launch of XA Africa.

The move underscores the network’s vision and commitment to fostering innovation and supporting promising startups globally.
XA Africa is founded by a trio of experienced tech professionals:

● Nitin Gajria, former MD of Google Sub-Saharan Africa
● Jason Scott, venture capitalist and an architect of the Black Founders Fund at Google
● Marek Dawidowicz, current Marketing Director at YouTube and South African native

“Founders of technology startups in Africa are uniquely placed to solve some of Africa’s most profound challenges and unlock its greatest opportunities.

“We see the foray of XA Network into Africa as a natural progression, allowing us to connect amazing founders to experienced and expert operators from the tech industry”, says Nitin Gajria, Co-Founder of XA Africa.

XA Africa aims to connect exceptional African tech founders with seasoned investors and industry experts, primarily from global and regional technology companies, to provide not just capital but also the guidance and support needed to scale their ventures.

The newly established XA Africa has already made notable investments in promising African startups, including:

● Crop2Cash (Nigeria)
● BuuPass (Kenya)
● Kaya (South Africa)
● Talamus Health (Ghana)

“We are excited to have XA network on board because of their strong network of experts who are open to listening and helping.

“They’ve introduced us to advisors from Expedia and truly understand the dynamics of emerging markets, making them a valuable investor.” – Sonia Kabra & Wyclife Omondi – Founders of BuuPass

“Partnering with XA Network has been a game-changer for our company. Their strategic guidance and network have opened doors to new opportunities, and we’re excited to see the impact of our collaboration continue to unfold.

“We’re grateful for their trust in our vision.” – Michael Ogundare – CEO of Crop2Cash

Since its inception six years ago, XA Network has established itself as a significant player in the Southeast Asian startup ecosystem, making nearly 100 investments in the region, and consistent ranked as #1 investment network in the region.

XA Network comprises senior leaders from prominent global and regional technology companies and notable company founders.

This approach distinguishes XA Network, enabling it to offer portfolio companies unparalleled guidance and support from experienced industry operators.

“We also see an opportunity to build a stronger bridge between ecosystems in Africa and Southeast Asia along the way.

“In fact, this investment hypothesis has already been proven across some of the African founders we are currently supporting.”, Mr Gajria added

The XA Africa team will be hosting their first public Demo Day webinar on Thursday November 7, 1-2pm GMT+1, where Africa focused investors can meet and invest in four founding companies and learn more about XA Africa. Click here to register for the event.

 


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Sophos Unveils New XGS Desktop Firewalls & Software Series

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Sophos, a global leader of innovative security solutions for defeating cyberattacks, on Wednesday introduced nine new XGS Series desktop firewall appliances for midmarket and smaller-sized businesses, as well as branch offices of larger organizations.

The new XGS appliances feature a streamlined architecture to deliver double the performance of previous models, but with 50% lower energy consumption.

All of the new Sophos XGS appliances are available with multiple high-speed connectivity options, and four models are fanless, making them ideal for noise-sensitive environments.

Sophos has also announced updated Sophos Firewall software that provides enhanced protection against cyberattacks, including the ability to integrate third-party threat intelligence feeds.

This allows organizations with specific regional or vertical market requirements to customize and apply additional information to strengthen their firewall security. 

The new software also enhances distributed network scalability and provides a seamless transition for customers on legacy firewalls to upgrade to the latest Sophos XGS appliances.

By leveraging the improved acceleration capabilities of the virtual FastPath in the new Sophos Firewall software, along with the new streamlined architecture, the new Sophos XGS firewall appliances can deliver up to three times the performance in IPsec VPN throughput compared to previous models.  

“The new Sophos XGS appliances and Sophos Firewall software launches are all about providing users with world-class ‘performance and protection’ at competitive pricing.

“We’re innovating and advancing how organizations should use firewall technology to defend against persistent, modern-day cyberattacks targeting the midmarket and smaller businesses,” said Dan Cole, senior vice president, Network and Content Security at Sophos.

“This includes designing our firewall software to now also leverage threat intelligence feeds from third-party sources, in addition to Sophos’ native threat intelligence, for faster, real-time response to a broader scope of suspicious activity.

“The support also gives defenders greater control over their risk profile.”

Specifically, users can now configure Sophos Firewall software to ingest paid and free feeds published by security vendors, Managed Service Providers (MSPs), specific industry consortiums and Information Sharing and Analysis Centers (ISACs), or other threat intelligence platforms.

The third-party data augments Sophos’ proprietary threat intelligence, which derives from Sophos X-Ops and includes telemetry from SophosLabs, Sophos Managed Detection and Response (MDR) and Sophos Extended Detection and Response (XDR) technology.

In conjunction with Sophos Active Threat Response, a feature built into Sophos-managed endpoints and the intelligence feeds, Sophos Firewall software will initiate a synchronized response that automatically walls off potential attacks, giving defenders critical time to assess, respond and remediate.

 Additional Sophos Firewall software enhancements include:

·       Enhanced performance and scalability: Triple the IPsec VPN performance boost on the new XGS Series desktop appliances, as well as faster authentication burst performance and optimizations to reduce downtime and increase resiliency during failovers for SD-RED tunnels, dynamic routes and Active Directory interactions for distributed enterprise environments

·       Streamlined management: Refreshed user experiences; support for Let’s Encrypt certificates; integrated support for Google Workspace authentication; and expanded network object visibility that simplifies firewall management

·       Seamless device upgrades: A new configuration backup assistant and port mapping support, backed by free license overlap for Sophos XG firewall customers, that enables added flexibility and easy upgrading from previous hardware generations

“This release of new desktop models as part of the Sophos XGS Series of hardware appliances sets a new high bar for performance and efficiency.

“The update enhances value at every price-point, with a three-fold increase in IPsec VPN throughput and up to two times better overall performance, all while cutting energy consumption in half,” said Christopher Rodriguez, research director for Security and Trust at IDC.

“Combined with enhancements in protection, scalability and ease-of-use from their latest OS release, Sophos Firewall provides significant value to organizations of all sizes, without raising its prices.”

“Sophos makes firewall deployment, integration and management straightforward,” said Benjamin Schwarzbauer, team lead, Network and Security at Luithle + Luithle, a Sophos partner in Germany.

“Its tight integration with the broader Sophos ecosystem allows us to efficiently manage security for our customers.

“The firewall’s comprehensive features not only strengthen security, but also ensure reliable performance and regulatory compliance. This allows our customers to focus on their business.”

Availability

Sophos’ new XGS desktop firewall appliances and Sophos Firewall software are available exclusively through Sophos’ global channel of partners and Managed Service Providers (MSPs).

Defenders can easily manage the solutions in the cloud-native Sophos Central platform alongside Sophos’ portfolio of endpoint, email and cloud solutions and oversee installations, respond to alerts and track licenses and upcoming renewal dates via a single, intuitive interface.


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