Nigeria News (Standard)
Lagos-Based Chaka Launches Hisa App to Simplify Stock Investing for Nigerians
New platform introduces flat 1% fee and auto-invest features as young professionals seek easier access to local, US stocks
New platform introduces flat 1% fee and auto-invest features as young professionals seek easier access to local, US stocks
Chaka, a fintech company headquartered in Lagos, officially launched its new investment app, Hisa, on Sunday, aiming to make stock trading simpler for Nigerians. The rollout replaces the previous Chaka platform, offering users a redesigned interface and fresh features targeting both beginners and experienced investors.
The transition to Hisa allows existing Chaka users in Nigeria to keep their portfolios and login details unchanged while accessing new capabilities. Among the main highlights is a streamlined design and an auto-invest function that enables customers to schedule investments automatically each month. Hisa also introduces Atlas, an in-app research tool designed to help users make informed investment choices by providing up-to-date market insights.
Chaka’s management stated that one of the biggest improvements with Hisa is greater transparency around fees. The company now charges a flat 1% commission per trade with no hidden costs—a move aimed at addressing complaints from Nigerian investors about unexpected charges on other platforms. With Hisa, users can buy Nigerian stocks, US stocks, and exchange-traded funds (ETFs) within a single app, reducing the need to navigate multiple services.
According to Chaka, customer support has also been enhanced on the new app, with dedicated staff available to resolve issues more quickly. The name ‘Hisa’ comes from the Swahili word for ‘shares’, reflecting the company’s ambition to expand across Africa and make investing more accessible beyond Nigeria’s borders. As many young professionals and first-time investors have cited complex procedures as a barrier to entry, Hisa is positioning itself as an easy gateway into wealth creation through equities.
The Hisa app is now available for download on Google Play Store and Apple App Store. Chaka advised existing users in Nigeria to simply update their apps for seamless migration while new customers can register directly on the platform. Further information is available via www.hisa.co or through Hisa’s official social media channels.
Nigeria News (Standard)
Peter Obi Condemns Court Order Remanding Sowore in Abuja Prison
Labour Party leader describes decision as a setback for Nigeria’s democracy, calls for respect for human rights
Labour Party leader describes decision as a setback for Nigeria’s democracy, calls for respect for human rights
Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has criticised the decision of an Abuja court to remand Omoyele Sowore, a former presidential aspirant and activist, in prison custody. The incident occurred on Tuesday in Abuja, where Sowore was ordered to be held following court proceedings.
Details of the court’s ruling have not been fully disclosed as at press time, but the development has sparked reactions from opposition figures. Obi described the move as a ‘dangerous regression’ for Nigeria’s democracy, urging authorities to uphold fundamental rights. He stated that actions such as Sowore’s remand could discourage civic participation and undermine public confidence in the country’s justice system.
The case comes amid growing concern over perceived clampdowns on dissent and opposition voices in Nigeria. Recent months have seen activists and critics allege increasing pressure from security agencies and the courts. Human rights advocates argue that such incidents threaten freedom of expression and the right to fair trial under Nigerian law.
Obi called on government and judicial authorities to ensure due process is followed in all legal matters involving citizens, especially those who have played prominent roles in national discourse. He said respect for rule of law remains essential if Nigeria is to maintain its democratic credentials both locally and internationally.
As at the time of reporting, government officials had not issued an official response to Obi’s statement or provided further clarification on the circumstances surrounding Sowore’s remand. Stakeholders continue to monitor developments closely as calls mount for greater protection of individual liberties.
Nigeria News (Standard)
Ashe Sets New National Record With 9.93s Win at Lagos Commonwealth Games Trials
Sprinter storms to victory in 100m final, becoming fastest Nigerian on home soil ahead of Commonwealth selection
Sprinter storms to victory in 100m final, becoming fastest Nigerian on home soil ahead of Commonwealth selection
Nigerian athlete Favour Ashe delivered a historic performance at the national Commonwealth Games trials in Lagos on Tuesday, racing to a sensational 9.93 seconds in the men’s 100 metres final. The feat, achieved at the Yaba College of Technology stadium, marks the fastest time ever recorded by a Nigerian sprinter on home soil and secures Ashe’s place at the upcoming Commonwealth Games.
The event saw Ashe dominate the field from start to finish, crossing the line well ahead of his rivals and thrilling fans who had gathered to witness Nigeria’s top athletes compete for places on the national team. His time of 9.93 seconds not only clinched him the national title but also set a new benchmark for Nigerian sprinting at home competitions.
This victory is significant for Nigeria’s athletics community as it comes amid renewed efforts by officials to improve performance levels ahead of major international events. The performance by Ashe puts him among Africa’s elite sprinters and raises hopes for Nigeria’s medal prospects at the forthcoming Commonwealth Games.
Following the race, national selectors confirmed that Ashe’s result meets all qualification standards for international competition. Athletics Federation officials described his achievement as a major boost for Team Nigeria’s preparations. However, other athletes and coaches have called on government and sponsors to invest more in facilities and grassroots development to sustain such progress.
With trials concluded, attention now shifts to final team selection for the Commonwealth Games. Athletics enthusiasts say Ashe’s breakthrough could inspire a new generation of sprinters while raising expectations for Nigeria on the global stage.
Nigeria News (Standard)
Morocco, Ghana Lead Africa’s Push for Record World Cup Knockout Spots
Strong group stage performances put African teams in contention for unprecedented FIFA World Cup round of 16 presence
Strong group stage performances put African teams in contention for unprecedented FIFA World Cup round of 16 presence
Morocco and Ghana have emerged as frontrunners among African representatives at the ongoing FIFA World Cup 2026, with both sides topping their groups after decisive victories in their latest matches. The tournament, which is taking place across North American cities, has seen African teams deliver standout performances as at Tuesday, 23 June.
Both Morocco and Ghana secured crucial wins in their second group matches, placing them ahead of their rivals and raising hopes of a historic number of African teams progressing to the knockout rounds. Their performances have fuelled optimism among fans and stakeholders that Africa could surpass its previous best by having more than two teams reach the round of 16 in a single tournament.
This development is significant for the continent’s football ambitions, as African teams have traditionally struggled to advance past the group stages at World Cup finals. The current campaign reflects improved preparation and tactical discipline among African sides, with players featuring prominently in European leagues bringing added experience.
Officials from the Confederation of African Football (CAF) have commended the teams’ efforts, noting that their progress could inspire further investment in grassroots football across the continent. While official reactions from Nigeria’s football authorities were not immediately available, fans across West and North Africa have taken to social media to celebrate the achievements of Morocco and Ghana.
With one group match remaining for each team, analysts say qualification for the knockout stage is now within reach if current form continues. The prospect of multiple African nations making it to the round of 16 would mark a new chapter for African football on the global stage.
Peter Obi Condemns Court Order Remanding Sowore in Abuja Prison
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Ashe Sets New National Record With 9.93s Win at Lagos Commonwealth Games Trials
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Morocco, Ghana Lead Africa’s Push for Record World Cup Knockout Spots
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