Na day 8 (Pdgin) of my series wey dey give 10 reasons why you no suppose try enter Europe through Sahara desert plus Mediterranean Sea.
You fit lose your life as you dey try run comot from police. For desert wey dey between Al Gatrun and Sabha, you go dey waka for hours just to dodge police. Plenty migrants dey kpai for dis waka.
You fit enter Tripoli, police fit just show for your ghetto do raid. I sabi one Nigerian babe wey break her leg as she dey run from dis raid.
Nigerian software developer and creator of the viral Nigerian browser game Lagos Life, Shalom Rayhamen, has said the game is valued at $1 billion, dismissing a reported $100,000 offer for the game as too small.
Prophetic from Arsène Wenger speaking in 2011 - “We face rivals who do not respect the financial fair play, and instead of us being accused, maybe people should look somewhere else” 🎥
Just finished reading all three parts of Fisayo’s recent exposé and here are my reflections:
Firstly, Fisayo is astounding. Imo, the best investigative journalist in Nigeria. Bro is brave asl, using “brave” cos if he had died, the word would have been “stupid”. Often times the difference between “bravery” & “stupidity” is outcome.
Secondly, privilege is blinding. For all our despair, we really do not know how “good”we have it until we learn about the immense sufferings of others. We like to compare “privileges” & that’s fine but sometimes we need to compare “sufferings” so we can learn gratitude.
Thirdly, ignorance is expensive and ultimately dangerous, because those lads spent as much, if not more, trying to access Europe illegally than they would have spent doing it legally.
Fourthly, human beings are incredibly wicked. The traffickers, especially the Arab ones & the soldiers: treating humans worse than stray dogs, viciously raping young girls who are already broken in mind, body and soul, shit is beyond my comprehension.
Finally, it’s such a fantastic piece of work, albeit sad & haunting. Well done Fisayo.
For Nigerian stocks, platforms such as @cowrywise, other digital sub-brokers, and traditional stockbrokers essentially help investors buy and sell shares. They facilitate the transaction, but the shares are not sitting somewhere inside the broker’s app or platform.
The actual shares are kept electronically in a central vault. That “vault” is managed by CSCS, which stands for Central Securities Clearing System.
CSCS is Nigeria’s central securities depository. It maintains the electronic records of who owns what shares and also plays an important role in clearing and settling transactions in the Nigerian capital market.
Every investor has a unique identifier called a CHN, or Clearing House Number. Your CHN identifies you across the Nigerian capital market.
You can think about it this way:
• CHN = your BVN
• CSCS account number = your bank account number
Your CHN generally remains the same regardless of how many brokers you use. However, you can have different CSCS account numbers with different brokers, with all of them linked to your CHN.
This is also why your shares do not simply disappear if your broker goes out of business.
Your broker may be the company you interact with, but the official electronic record showing that you own those shares exists within the central depository system. If a broker disappears, your ownership of the underlying shares does not disappear with the broker. The shares can generally be moved to another broker.
CSCS itself is also very different from an ordinary private company.
It is a critical piece of infrastructure for the entire Nigerian capital market. Without CSCS, the normal clearing, settlement and recording of securities transactions in Nigeria would be severely disrupted.
It is also owned largely by some of the biggest institutions in the Nigerian financial system. As at December 2025, NGX Group owned about 43.5% of CSCS, FMDQ Group owned about 21.6%, Access Holdings owned 7.5%, UBA owned about 5.4%, while other investors owned the balance.
So you effectively have the operators of Nigeria’s two major securities markets, alongside some of the country’s largest financial institutions, as its major shareholders.
CSCS is also licensed and regulated by the Securities and Exchange Commission and operates under Nigeria’s capital-market laws. It doesn’t just hold equities either. Its depository infrastructure supports several types of securities, including equities, bonds, commercial papers, ETFs, REITs and other instruments.
Technically, no company is completely incapable of failing. But CSCS is systemically important financial-market infrastructure. If it ever ran into serious financial or operational trouble, the issue would become a market-wide regulatory problem because a large part of Nigeria’s capital market depends on it. In short, the government will have to intervene.
And financially, it is not a fragile institution either. At the end of 2025, CSCS had about ₦62.5 billion of assets and ₦43.5 billion of shareholders’ equity, while remaining profitable.
If you have used several brokers or digital investment platforms over the years, CSCS provides services that allow you to see your holdings across different brokerage accounts via the CSCS portal. Subscription fee is ₦5k per annum.
Your broker is the door through which you buy and sell shares. CSCS is the central infrastructure where the official electronic record of your ownership sits.
And this explains why some people can still retrieve their parents’ investments made many years ago.
Man U fans are going through the motions😀. Things we live and love to see.
I am really loving this crashout, and the season just started. Carrickball is going nowhere 😀
nigeria has 260 working days and 13 public holidays (5%) in a year(averagely 1 free day in a month). there is nothing you want to achieve in 13 days that cannot be achieved in the other 247.