@asemota@auregold_ We are still working through the details to launch in Nigeria soon! We are still determined to give our people access to gold liquidity and create a pseudo gold reserve for Nigerians. I will send you an email Chief! Oh by the way we are partnered with StoneX now😁
@asemota Hey Chief! Its Bright here. I am the one you are referring to😁. Sorry about the email bounce! We had many hurdles finding an LBMA partner since Nigeria was considered “high-risk” to western financial institutions. We pivoted, and launched in the US @auregold_
In almost 3 years of doing it, paid @calendly appointments have been a great filter for great ideas and serious founders. A number of the founders who came for advice unexpectedly ended up getting investments from my friends and partners. One of them was so prescient, and it still lingers on my mind.
The founder created an African digital brokerage to trade gold-backed assets well before the current gold rally. I took it to my asset management partners because he wanted a sub-broker license. Everything he predicted would happen in the market came to pass.
I was looking at the chart below and went back to read his email from early 2024 when he was looking for the license. He built before the inflection point. I will need to follow up to know how he is doing. I wanted him to start with Ghana, but he was wary before elections. The new Ghanaian government has proven to be very smart about gold.
I remembered the founder today as I was thinking about this chart and the future of cross-border trade in Africa with a potentially gold-backed stablecoin. There is an initiative along those lines, but as usual, it is better to start with the simplest and most abundant dollar stablecoins.
Setting the record straight:
International Mathematical Olympiad (IMO), Pan African Mathematical Olympiad (PAMO), European Girls' Mathematical Olympiad (EGMO), ISTEM in Rome 2026.
Misconception number 1: The International STEM Olympiad (ISTEM) that students went for in Rome is different from the IMO in China that Nigeria couldn't go to.
The IMO and PAMO are the most prestigious Mathematical Olympiads that Nigeria sends teams to. The selection process for this two is mostly the same as in the past Nigeria has fielded the same teams to IMO and PAMO. The National Mathematical Centre Kwali Abuja (NMC) is the government body in charge of registering a team for these Olympiads. Why do we need a government agency you might ask? This is because this competitions are the academic equivalent of Olympics and you have to participate as a country, not an individual. Countries have only 6 slots for the team. This is part of the reasons why it is more prestigious than these recent Olympias like ISTEM. Over the years, different private organisations have used the name Olympiads to denote their competitions. There questions are a far cry, in terms of difficulty, compared to the traditional Olympiads which require proofs. Also, unlike traditional Olympiads where contesting is on a national level, some of the new Olympiads are open to anyone to participate in as an individual provided you register on time and you have the money (which is usually significant).
Misconception number 2: This year, Samuel Famiroju was among the people that qualified for the IMO in China but could not go due to funding.
Samuel qualifying is false. The NMC organises a 3-4 stage Nigerian Mathematical Olympiad. This is totally different from what Alex Onyia organised with the South East Mathematics Olympiad or what Nigerian Tulip International College organises in collaboration with NMC (an Annual Mathematics Contest). The latter is the contest Samuel is believed to have won which is not involved in the selection process for the Nigerian IMO team. The selection process involves State Rounds and National Rounds. In the past, NMC has organised the contests and sent teams to various Olympiads (like PAMO this year in Ivory Coast) but funding issues threaten that now. While Samuel Famiroju did not qualify, here are some of those that did - Agbo Adoga, Ikenna Enwere and Damaris Oyerinde. The last two also went for the PAMO (as eluded to earlier, PAMO and IMO have virtually the same selection process in Nigeria)
Misconception number 3: Alex Onyia did not select Samuel Famiroju because he is Yoruba.
While I do not agree with the tag of best mathematician in the country Alex ascribes to his student, he held a transparent competition to select the students he went with to Rome. He has consistently said this. Those of us who followed the competition saw the winners emerge and Samuel Famiroju was not part. Alex has also never stated that his competition is only for Igbos, he said it is open to any student in the South East provided they are in the appropriate grades.
Misconception number 4: Ambassadors College sent a student to ISTEM in France earlier this year, 2026.
This is flat out incorrect. First of all, there was never any ISTEM in France earlier this year. The competition the student went for is EGMO. Special Maths Academy (SMA) (@SpecialMaths) has always publicised how the Special Maths Contest will be the main selection criteria for the EGMO. EGMO, just like the IMO and PAMO is not open to private individuals. To pull this off, we had to work with National Mathematical Centre, to get consent, as required. There will be another Special Maths Contest to select students for next EGMO in Croatia, so stay tuned.
Share this post to defeat the disinformation flying around.
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