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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

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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.

Source: https://www.pulse.ng/story/hisa-is-making-investing-simple-for-nigerians-and-kenyans-2026062315012672965

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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

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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.

Source: https://www.premiumtimesng.com/news/top-news/890043-world-cup-2026-morocco-ghana-lead-as-africa-eyes-record-breaking-knockout-stage-representation.html

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Nigeria News (Standard)

CISLAC, Transparency International Condemn UK Court’s Acquittal of Diezani in London Graft Case

Anti-corruption groups warn verdict could weaken Nigeria’s fight against high-profile financial crimes; call for stronger international collaboration

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Anti-corruption groups warn verdict could weaken Nigeria’s fight against high-profile financial crimes; call for stronger international collaboration

Civil Society Legislative Advocacy Centre (CISLAC) and Transparency International have openly criticised the recent verdict of a United Kingdom court that acquitted former Petroleum Minister Diezani Alison-Madueke of corruption charges. The judgment, delivered in London on Tuesday, has sparked reactions from anti-graft campaigners in Nigeria who believe the outcome may undermine the country’s efforts to tackle high-profile economic crimes.

The UK court decision followed months of legal proceedings in which Alison-Madueke was accused of accepting bribes and misusing her official position during her tenure as minister. With the acquittal, CISLAC and Transparency International have expressed concern that the verdict sets a negative precedent and could embolden individuals involved in corrupt practices within Nigeria and abroad.

Both organisations argued that Diezani’s case is of significant interest to Nigerians given its implications for accountability in the oil and gas sector. They noted that many Nigerians view robust prosecution of former public officials as crucial for restoring confidence in government institutions. According to CISLAC, the ruling highlights persistent gaps in international cooperation on asset recovery and prosecution of cross-border corruption cases.

In separate statements issued after the judgement, CISLAC and Transparency International called on Nigerian authorities to intensify local investigations into allegations involving former ministers and other senior officials. The groups also urged both Nigerian and UK governments to strengthen frameworks for mutual legal assistance and ensure that justice is served regardless of jurisdiction.

As Nigerians continue to demand greater transparency in public office, civil society groups say they will monitor ongoing efforts by anti-graft agencies to pursue outstanding cases linked to major oil sector scandals. Stakeholders warn that without strong collaboration between Nigeria and international partners, prosecuting complex financial crimes may remain an uphill task.

Source: https://www.premiumtimesng.com/news/headlines/890038-cislac-transparency-international-fault-uk-court-verdict-acquitting-diezani.html

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Nigeria News (Standard)

Champion Breweries Appoints New Managing Director in Akwa Ibom

Company announces leadership change as part of ongoing efforts to boost operations and shareholder value in South-South Nigeria

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Company announces leadership change as part of ongoing efforts to boost operations and shareholder value in South-South Nigeria

Champion Breweries Plc, located in Uyo, Akwa Ibom State, has announced the appointment of a new managing director. The decision was made public on Tuesday, 23 June 2026, as part of the company’s latest drive to strengthen its executive leadership and enhance operational efficiency.

The board of directors confirmed the leadership change during a corporate meeting held at the company’s headquarters in Uyo. Details regarding the identity of the new managing director and terms of appointment were not immediately disclosed at the time of announcement. However, sources within Champion Breweries indicated that this move is aimed at repositioning the brewery for better performance in Nigeria’s competitive beverage sector.

Champion Breweries has faced mounting pressure in recent years due to shifting consumer preferences and rising production costs affecting breweries nationwide. With this new appointment, stakeholders are optimistic that the company will implement fresh strategies to improve market share and profitability amid economic headwinds.

The company’s board assured shareholders and customers that business operations would continue without disruption. They expressed confidence that the new managing director will bring renewed vision and drive for sustainable growth. As at press time, further details on the incoming executive’s background and immediate plans were yet to be released.

Source: https://www.premiumtimesng.com/business/business-news/890036-champion-breweries-appoints-new-managing-director.html

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