The Central Bank of Nigeria, which requires annual returns from banks in Nigeria, has not published an Annual report and Statement of Account since 2022.
The SBM #JollofIndex: a decade of rising costs: #Nigeria's jollof pot has surged 624% since 2016. #Ghana's is next. ����🇬🇬🇭🍛
Read how households are coping.
https://t.co/vGyOjEfV0c
In 1997, a footballer accidentally proved a physics principle in a soccer game that had been invisible for 300 years.
Roberto Carlos lined up for a free kick about 40 yards from goal during a France versus Brazil friendly match in Paris.
The ball sat exactly where a free kick should sit, the French wall stood between him and the goal, and everyone in the stadium knew what was about to happen. Carlos was about to attempt something that shouldn't exist in physics.
He struck the ball with his left foot at an extreme angle, nearly perpendicular to where the goal actually was. The ball curved so dramatically through the air that French goalkeeper Fabien Barthez literally didn't move. He watched it arc impossibly wide, certain it was going nowhere, his body language screaming "that's out." Then the ball bent back toward goal like it was magnetized. It crossed the goal line before Barthez could process what his eyes had just witnessed. Goal.
The stadium went silent for a second.
Then chaos.
That moment became legendary not because it was a beautiful goal, though it was, but because it revealed something about physics that most people had never actually *seen* in real time before. The ball had broken the straight line. It had obeyed a force that existed entirely in the air, invisible to the naked eye, bending space itself through sheer rotation.
That force is called the Magnus effect, and it's been hiding in plain sight in sports for over a century. Every curveball in baseball, every spinning tennis serve, every banana kick in football, every slice shot in golf. They all ride on the Magnus effect. But Carlos's free kick was different. It was the perfect storm of velocity, spin rate, and distance that made the force so visually obvious that even people who'd never heard the word "Magnus" understood something supernatural had just occurred.
Here's what actually happened in the physics.
When you strike a spinning ball with enough velocity through the air, the rotation creates a pressure differential on either side of the ball. The side spinning with the direction of motion builds up a layer of fast moving air that stays attached to the ball's surface. The opposite side spinning against the direction of motion sheds that air layer and creates lower pressure. You end up with higher pressure on one side and lower pressure on the other. Bernoulli's principle then drags the ball toward the lower pressure region. The ball curves.
That's the Magnus effect in its purest form.
It's fluid dynamics.
But here's where most explanations stop and where most people fail to grasp the real picture. The Magnus effect is *proportional* to the spin. Double the spin rate and you approximately double the curvature. But it's also proportional to the surface area. A larger ball, all else equal, experiences more Magnus effect than a smaller one. And it's wildly proportional to velocity. Lower the speed too much and the curve becomes almost nonexistent. Add speed and the curve amplifies. This is why a baseball pitcher's curveball becomes more dramatic at higher velocities, why a tennis serve curves more than a lob, and why Carlos's free kick had to travel at a certain speed to work.
Carlos struck that ball at precisely the intersection point where spin and velocity aligned to produce maximum curve over that distance. Any slower and it lands straight in the wall. Any faster and it overcorrects and misses wide. The goal was practically a mathematical solution to an equation nobody needed to solve except his foot somehow did it perfectly.
The reason this moment matters beyond football is that it made visible something that had been operating invisibly in physics and engineering for centuries. The Magnus effect powers helicopter rotors. It's why airplanes have wings. It's why you can throw a frisbee and it actually stays airborne instead of just dropping like a stone. Every spinning object moving through air experiences it. Every sport that uses a ball depends on it.
Yet most people go their entire lives without consciously recognizing this force exists.
What Carlos did was compress a century of physics education into three seconds of visible reality. He created an experiment that couldn't be ignored or dismissed or explained away. The ball curved. The goalkeeper saw it. The universe didn't change. Nothing magical happened. Just matter responding to force across empty space in exactly the way the math predicted.
The interesting part isn't that it worked. The interesting part is that we'd organized the entire sport of football for decades without truly understanding why the ball did what it did. Strikers had developed intuition about how to make a ball curve, but that intuition was operating in the dark. They couldn't articulate the relationship between spin and speed and distance. They just knew that if you hit it a certain way, it would curve a certain amount.
Then Carlos made it visible.
What happened after was instructive. Within a few years, every serious free kick taker started studying the Magnus effect. Sports scientists began measuring spin rates with new technology. Training programs started including tutorials on precisely where to strike the ball, how much curve you could generate at different velocities, how wind affected the trajectory. The gap between top tier free kick takers and everyone else widened because now you could *understand* the phenomenon you were trying to exploit.
Science doesn't change physics. It just brings the invisible into focus.
That free kick lived in the gap between intuitive mastery and conscious understanding. Carlos had mastered the Magnus effect through pure repetition and feel. But once everyone else saw it work that clearly, you couldn't claim ignorance anymore. You had to reckon with what was actually happening in the air.
In some sense, that's what every great demonstration does. It takes something that was operating beneath the surface of our attention and makes it unavoidable. The double slit experiment did that for quantum mechanics. The Michelson Morley experiment did it for the aether. A free kick did it for aerodynamics, and most of the world never even realized they were watching physics.
The next time you watch a free kick curve perfectly into goal, understand that you're watching the Magnus effect in action. You're watching air pressure differentials, Bernoulli principles, and rotational velocity align perfectly. You're watching physics become soccer.
And somewhere, a physicist is probably jealous that a football player got to make it look more beautiful than any equation ever could.
"From ₦8m to ₦18m" sounds like a joke until you realise many Nigerians have similar stories.
At what point does housing affordability become a public policy conversation rather than just "landlord wahala"?
States don't control the entire housing market, but they do influence the cost of living through infrastructure, land administration and urban planning.
It's a conversation we can no longer avoid. Read 👉 https://t.co/AU6NoOHuSk
Never seen violent scenes like this since
Germany vs. Argentina 2006
or
Netherlands vs. Argentina 2022
There must some sort of pattern we can use to predict this. Surely?
In 1970, four Lagos officials travelled to Sweden and paid £68,000 for 98 used buses to serve as city buses in central Lagos.
Four months later, the deal became a media scandal in Sweden after reports revealed that the buses were already 17 years old and had been marked for demolition because they were no longer considered roadworthy.
The Swedish State Commission for Traffic Safety said there were no spare parts available to restore them. Yet, by the time of the report, 30 of the buses had been retouched and were ready for shipment to Nigeria.
New Nigerian newspaper observed: "One wonders how buses unsuitable for Stockholm roads can be used in Lagos."
In 2004, at the peak of his fame off the back of Get Rich or Die Tryin', 50 Cent travelled to Iraq with his G-Unit crew to perform for American troops.
He flew into Camp Anaconda, a base so volatile it was nicknamed "Mortaritaville" because of the constant bombardment.
The base, also known as Logistics Support Area Anaconda near Balad, was one of the most frequently attacked US installations in the country, taking regular indirect fire from mortars and rockets.
Wearing a bulletproof vest and surrounded by military personnel, he delivered an energetic concert that lifted the spirits of the soldiers
By multiple accounts of the visit, an officer warned him before he went on, "You could die today," and he opened the set with "What Up Gangsta."
The Global Neobank Alliance shortlist is here!
From dozens of neobanks that applied, 10 teams have been selected to move forward to Pitch Day.
Meet the shortlisted teams:
→ Amulets Labs - @amuletslabs
→ Avvio - @tryavvio
→ HIHODL - @hiihodl
→ Kleos - @Kleos_app
→ Kobopay - @Kobopay
→ LootStudio - @lootgo_official
→ Nobank - https://t.co/Yzmjkdaask
→ planB - @thebestwallet
→ Pulsar Money - @PulsarMoneyApp
→ Surgepay - @surgepay_io
This shortlist brings together a new generation of fintechs and neobanks building across some of the most important financial use cases in the world today:
Global accounts, stablecoin payments, remittances, card programs, cross-border money movement, self-custodial wallets, rewards, savings, and new ways for users to access digital dollars and local financial rails.
Next, these teams will present to our Selection Partners for the chance to become one of the 3–5 neobanks selected for the Global Neobank Alliance.
The selected teams will receive hands-on support from Pods across engineering, product, and design, access to our production-ready financial infrastructure, partner access, co-marketing at go-live, and up to $5k in grant support to help them launch faster.
The future of neobanking is global, programmable, and increasingly stablecoin-native.
Congratulations to all shortlisted teams. Now, on to Pitch Day: Friday the 17th, 5pm UTC.
In a hotel room in northeast Nigeria, I opened a leading AI chatbot, turned my laptop toward a former Boko Haram commander, and asked if he'd used it. He nodded.
"You type in the question… like 'How can I build a bomb?', and then it tells you how. It is like a human robot. We used it a lot."
My new study on how the jihadist terrorist group Boko Haram uses frontier AI with @CamAISciPolicy, covered today in @nytimes 🧵/9
We seal envelopes not because the letter contains a conspiracy, but because the contents belong exclusively to the sender and the receiver.
The "nothing to hide" argument is pure corporate/state propaganda. Privacy isn't about hiding a crime; it's about deciding who gets access to your life. It’s a boundary of power, not a shield for guilt.