‫شركة L7 تعرض الريادة في إدارة الأصول الرقمية في معرض العملات المشفرة دبي 2024

دبي، الإمارات العربية المتحدة – Media OutReach Newswire – 15 مايو 2024 – يسر شركة L7، الشركة الرائدة في إدارة الأصول الرقمية وتجميع حركة البيانات عبر شبكة Web3، أن تعلن عن مشاركتها في معرض العملات المشفرة دبي 2024، المقرر انعقاده في الفترة من 20 إلى 21 مايو. وباعتبارها الراعي الماسي لهذا الحدث، من المقرر أن تؤدي L7 دورًا محوريًا في هذا التجمع المتميز. يعد هذا الحدث، الذي تستضيفه شركة إتش كيو مينا (Hqmena)، بمثابة حجر الزاوية لقطاع العملات المشفرة والبلوكتشين، حيث يستقطب كبار الخبراء والشركات والمستثمرين والمتحمسين من جميع أنحاء العالم.

تغطي منظومة شركة L7 مجموعة متنوعة من الاستخدامات، بما في ذلك التبادلات المركزية واللامركزية (CEX/DEX)، وبطاقات التشفير، والمجمعات بشركة L7 ومجموعات الخوادم، والمختبرات. ويعد المعرض بمثابة منصة حيوية لشركة L7 لعرض عروضها الأساسية والتواصل مع الشركاء المحتملين لتوسيع منظومتها بشكل أكبر.

يتم الاحتفال بالمعرض بسبب جلسات المؤتمرات الديناميكية، وفرص التواصل الواسعة، وانتشاره العالمي مترامي الأطراف. وسيضم مجموعة من المشاركين بما في ذلك منصات البلوكتشين، ومطوري العقود الذكية، ومقدمي حلول الدفع بالعملات المشفرة، وخدمات المحفظة، ومنصات الرمز غير القابل للاستبدال (NFT)، والمزيد.

لتسليط الضوء على الدور النشط لشركة L7، سيلقي الرئيس التنفيذي جيمس لوكاس من L7 DEX كلمة رئيسية حول “تطور إدارة الأصول الرقمية في عصر شبكة Web3” في 20 مايو وينضم إلى حلقة نقاش بعنوان “إمكانات ترميز الأصول خارج نطاق العملات المشفرة” في 21 مايو. وبالإضافة إلى ذلك، ستستضيف L7 جناحًا في المعرض، لتسهيل التفاعل وجهًا لوجه مع الشركاء المحتملين وعرض مجموعة متنوعة من منتجاتها وخدماتها.

صرح جيمس لوكاس، الرئيس التنفيذي لشركة L7 DEX، قائلاً: “إن مشاركتنا في المعرض هي شهادة على التزامنا بقيادة صناعة إدارة الأصول الرقمية من خلال الابتكار المستمر والتعاون الاستراتيجي والفهم الشامل لاحتياجات عملائنا المتطورة.”

عن شركة L7

L7 عبارة عن منصة Web3 لإدارة الأصول الرقمية وتجميع حركة البيانات. ومن خلال الاستفادة من الموارد الكثيرة للصناعة والشبكات المتنوعة، توفر L7 مجموعة كبيرة من الحلول، بما في ذلك رأس المال الاستثماري في الأصول الرقمية، واحتضان المشاريع الناشئة، وخدمات الإدارة المالية. تشتمل محفظة L7 على مجموعة من المنتجات والخدمات مثل التبادلات المركزية (CEX)، والتبادلات اللامركزية (DEX)، وبطاقات التشفير، والمختبرات، وعروض التبادلات اللامركزية الأولية (IDO)، وغيرها.

موقع L7 الإلكتروني: https://www.l7.finance/

التبادلات المركزية لشركة L7: https://app.l7dex.com/

توتير: https://twitter.com/L7_Global

تليجرام: https://t.me/L7_Official

ديسكورد: https://discord.gg/l7official

حول معرض العملات المشفرة دبي 2024

يعد معرض العملات المشفرة دبي 2024 حدثًا رئيسيًا لعالم الأصول الرقمية وتكنولوجيا البلوكتشين. يعقد المؤتمر في دبي، مركز الابتكار، ويجمع قادة الصناعة والمتحمسين لاستكشاف عالم Web3 المثير. يعرض المعرض أحدث التطورات في مجال العملات المشفرة والبلوكتشين، مع مناقشات حول التمويل اللامركزي (DeFi) والرموز غير القابلة للاستبدال والإمكانات التحويلية للأصول الرقمية.

احجز تذكرتك: https://bit.ly/3UUpm5d

XTCC launches first Shariah-compliant investment ecosystem for high-integrity Carbon Credits

London, UAE, May 15, 2024 (GLOBE NEWSWIRE) — XTCC, the investment ecosystem specialising in high-integrity carbon credits, has launched the first Shariah-compliant multi-currency asset class of high-integrity carbon credits.  Sourced exclusively from validated projects (including renewable energy, nature-based solutions and blue carbon), XTCC gives investors seeking Shariah-compliant investments the ability to participate in the fast-growing carbon credit market.

This powerful combination of Shariah-compliant investments and high-integrity carbon credits enables the traditional Islamic finance market for the first time to participate in the potential significant growth in value of the global carbon credit market. Through XTCC, corporates, wealth managers, banks and investment funds can invest with certainty and encourage further development towards net zero goals.

In another capital markets first, XTCC for the first time provides a stock market quoted price for the most important asset for the net zero world.

Validated and certified for Shariah compliance by Yasaar Research Limited, and using the ISDA/IIFM Master Agreement, XTCC has established a robust framework for investment products structured to meet the highest Shariah-compliant standards. The Fatwa is the first for carbon as an asset class, and for the investment products issued by Al Waseelah, a world-leading, award-winning Sukuk issuance platform, creating a streamlined, transparent solution to re-engineer trust in this important asset class.

Under the requirements of the Fatwa, XTCC not only adheres to industry standard transaction documentation (ISDA/IIFM) but only includes  in the reference basket high-integrity carbon credits which conform to  IOSCO’s 21 Good Practices and ICVCM’s Core Carbon Principles; science-based principles for identifying high-integrity carbon credits that create real, verifiable climate impact.  XTCC also reports on alignment with UN Sustainable Development Goals and ISO14064 standards.

Dr Scott Levy, Founder, XTCC, said: “This is a significant breakthrough for global capital markets. We have created the first Shariah-compliant investment product to link Islamic finance directly with accelerating investor demand for high-integrity carbon credits.  In the same way that there ‘can be no compromise on Shariah compliance’, we do not compromise our ethos of operating to the highest standards of transparency and integrity with respect to all of our investment products. XTCC is the asset class for the net zero world.”

Majid Dawood, CEO of Yasaar, said: “We take pride in certifying the Shariah compliance of XTCC’s investment products, ensuring they meet the highest standards of Islamic finance. Our expertise guarantees that every investment decision upholds the ethical and financial principles necessary for true Shariah compliance, empowering investors to contribute positively to sustainable development initiatives with full confidence in their adherence to Islamic values.”

Renowned carbon market expert Kevin Iwanaga, co-founder of the UAE Carbon Alliance and CEO of KBI Advisory Group, said: “With global temperatures surpassing 1.5 degrees Celsius above pre-industrial levels for the first time, and a staggering $7.3 trillion in funding needed by 2050 to bridge the climate finance gap necessary to limit global warming to 1.5°C, we need every solution available to address these crucial challenges. XTCC is rising to this challenge with the introduction of its new Shariah investment products, engineered to scale global capital flows in carbon markets by tapping into existing market liquidity pools and new investors. This XTCC initiative is an excellent example of the type of creative financial solutions needed to keep 1.5°C alive.”

-ENDS-

About XTCC
XTCC is the world’s first stock market quoted investment ecosystem for high-integrity carbon credits sourced from verified, audited projects including renewable energy, nature-based solutions and blue carbon. XTCC has created financial instruments that, for the first time, establish fair market value as a reference for high-integrity carbon credits.  To bridge the multi-trillion-dollar gap in climate finance, investment is required. XTCC provides capital markets with an ecosystem of financial instruments to allow a river of liquidity to flow to communities where it is most needed. XTCC is the asset class for the net zero world.

For more details about XTCC and to explore its Shariah-compliant investment products, visit www.xtcc.investments or contact our Investor Relations team at ir@xtcc.investments.

About Al Waseelah 
Al Waseelah PLC is a world leading, award-winning Sukuk issuance platform which offers a flexible, quick-to-market solution for green and sustainable businesses, financial institutions, asset managers, corporates and family offices for their Islamic liquidity management and offers a wide range of investment opportunities. Al Waseelah PLC offers end to end solutions for Shariah structuring, arranging, originating, and the listing of Shariah compliant notes, providing a streamlined and cost-effective way of raising funding for businesses and projects.

Find out more here.

About Yasaar 
A premier Shariah advisory firm, Yasaar specialises in certifying and ensuring the compliance of financial products with Islamic law. Leveraging extensive expertise and a deep understanding of Shariah principles, Yasaar provides critical oversight and advisory services that enable investors to engage confidently in ethical and compliant investments. With a focus on integrating innovative financial solutions with traditional Islamic values, Yasaar empowers professional investors to achieve their investment objectives while adhering to the highest standards of integrity and compliance.

Find out more here.

Media Contact

Tina Kane
The Realization Group
tina.kane@therealizationgroup.com

Investor Relations
Muhammad Nasir
XTCC
+372-56997961
ir@xtcc.investments 

Tina Kane
The Realization Group
tina.kane@therealizationgroup.com

GlobeNewswire Distribution ID 1000950828

Irdeto Features the ‘Irdeto Experience’ at CABSAT 2024

Expanding beyond security, this suite of solutions offers super aggregation capabilities, monetization features, an enriched user experience and actionable data and analytics

AMSTERDAM, May 14, 2024 (GLOBE NEWSWIRE) — Irdeto, the global leader in digital video platform experiences and security, is pleased to announce its participation at the prestigious CABSAT 2024 event, where it will feature its groundbreaking streaming aggregation platform ‘Irdeto Experience.’ This comprehensive suite of solutions enables pay-TV, telco and streaming operators to build, manage, control and enrich their video services. With a commitment to innovation and excellence, Irdeto continues to redefine industry standards, empowering the video industry in the Middle East and North Africa (MENA) region to thrive in an ever-evolving market landscape.

By leveraging the investment and innovation of open-source platforms and embracing diverse device ecosystems, Irdeto accelerates deployment processes while ensuring compatibility across various devices. With seamless integration across managed platforms like Android TV and RDK, as well as unmanaged ecosystems including Android, Tizen OS, WebOS, and iOS, Irdeto Experience guarantees speed, efficiency, and security, enabling operators to stay agile and responsive to evolving market demands.

Key Benefits of Irdeto Experience Include:

  • Streamlined Operations: Simplifies video streaming back-ends, reduces fragmentation, and optimizes vendor interactions.
  • Enriched Offerings: Supports super aggregation of global and local apps, unified search and discovery, and offers editorial and personalized recommendations.
  • Enhanced Monetization Opportunities: Maximizes revenue streams through comprehensive advertising solutions, targeted campaign strategies, and versatile business model capabilities.
  • Accelerated Time to Market: Irdeto Experience facilitates quicker deployment through pre-integrated solutions with Android TV and RDK managed platforms.

Additionally, Irdeto Experience offers enhanced security features, including 360-degree content protection, support for managed and unmanaged devices, and certification. Furthermore, the platform provides advanced data & analytics tools, enabling businesses to gain valuable insights into consumer behavior and content performance. With the ability to utilize consumer insights and adapt strategies accordingly, Irdeto Experience empowers operators to optimize their video platforms and unlock revenue potential.

“Irdeto Experience capitalizes on the growing consumer demand by providing a cohesive and streamlined operational framework for video service providers. This goes beyond mere content delivery—it enhances the viewer experience with a contemporary UI/UX, seamless app integration for super aggregation, tailored recommendations, and stringent content protection,” stated Andrew Bunten, COO of Video Entertainment at Irdeto.

For further information on how Irdeto is shaping the future of media and entertainment in the MENA region, or to schedule a demo of Irdeto Experience, please visit the Irdeto Experience website.

About Irdeto
Irdeto is the global leader in digital video platform experiences and security, empowering major media and entertainment brands worldwide. With over 50 years of expertise, our comprehensive services prioritize video experiences delivery, content protection, and anti-piracy solutions, reducing costs and driving sustainable growth while delivering unmatched user experiences. As a trusted partner, Irdeto provides vital managed services, system integration and consultancy solutions, enabling customers to focus on audience engagement. With a global presence, we offer unwavering support for continued success and future-fit strategies. With a unique pay-TV operator heritage, Irdeto is the preferred partner to empower a secure world where people can connect with confidence.

For more information, please visit www.irdeto.com.

For more information, contact:

Sabrina Orlov
+1 343 997 7220
Sabrina.orlov@irdeto.com

GlobeNewswire Distribution ID 9117823

Nyxoah Reports First Quarter 2024 Financial and Operating Results

REGULATED INFORMATION

Nyxoah Reports First Quarter 2024 Financial and Operating Results
Announced DREAM U.S. pivotal study achieved primary endpoints
On track for FDA approval as early as end of 2024

Mont-Saint-Guibert, Belgium – May 14, 2024 10:05pm CET / 4:05pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today reported financial and operating results for the first quarter of 2024.

Recent Financial and Operating Highlights

  • Reported the DREAM U.S. pivotal study achieved co-primary endpoints on an intent-to-treat (ITT) basis and demonstrated strong AHI reductions in supine and non-supine sleep positions.
  • The DREAM study achieved a median AHI reduction of 70.8%, a 12-month AHI responder rate, per the Sher criteria, of 63.5% (p=0.002) on an ITT basis and a 12-month ODI responder rate of 71.3% (p<0.001) on an ITT basis.
  • Preparing the fourth and final PMA module for submission this quarter.
  • Appointed Dr. Maurits S. Boon, MD as Chief Medical Officer.
  • Advanced patient access strategy through partnership with the American Association of Otolaryngology – Head & Neck Surgery Foundation (AAO-HNSF).
  • Achieved quarterly sales of €1.2 million, showing 170% growth vs Q1 2023.
  • Total cash position of €44.3 million at the end of the quarter.

“The DREAM U.S. study achieving its primary endpoints is a pivotal milestone for Nyxoah and further differentiates Genio as the only HGNS therapy to demonstrate strong efficacy in supine and non-supine OSA. With the DREAM data in hand, our U.S. launch preparations are focused on attracting commercial talent to set us up for success when we introduce Genio,” commented Olivier Taelman, Nyxoah Chief Executive Officer. “With continued European commercial traction, positive DREAM data and a highly differentiated, patient centric HGNS solution, I could not be more excited for Nyxoah’s future.”

First Quarter 2024 Results

CONSOLIDATED STATEMENTS OF LOSS AND OTHER COMPREHENSIVE LOSS (unaudited)
(in thousands)

For the three months ended March 31, 
2024 2023
Revenue € 1,221 € 441
Cost of goods sold (455) (175)
Gross profit € 766 € 266
Research and Development Expense (7,199) (6,157)
Selling, General and Administrative Expense (5,972) (5,551)
Other income/(expense) 192 46
Operating loss for the period € (12,213) € (11,396)
Financial income 1 408 625
Financial expense ( 991) ( 958)
Loss for the period before taxes € (11,796) € (11,729)
Income taxes ( 110) ( 182)
Loss for the period € (11,906) € (11,911)
Loss attributable to equity holders € (11,906) € (11,911)
Other comprehensive income/(loss)
Items that may not be subsequently reclassified to profit or loss (net of tax)
Currency translation differences 60 (28)
Total comprehensive loss for the year, net of tax € (11,846) € (11,939)
Loss attributable to equity holders € (11,846) € (11,939)
Basic loss per share (in EUR) € (0.415) € (0.460)
Diluted loss per share (in EUR) € (0.415) € (0.460)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (unaudited)

(in thousands)

As at
March 31
2024
December 31 2023
ASSETS
Non-current assets
Property, plant and equipment €4,379 €4,188
Intangible assets 48,501 46,608
Right of use assets 3,597 3,788
Deferred tax asset 134 56
Other long-term receivables 1 333 1,166
€ 57,944 € 55,806
Current assets
Inventory 3,418 3,315
Trade receivables 2,971 2,758
Other receivables 3,149 3,212
Other current assets 1,232 1,318
Financial assets 22,225 36,138
Cash and cash equivalents 22,077 21,610
€ 55,072 € 68,351
Total assets € 113,016 € 124,157
EQUITY AND LIABILITIES
Capital and reserves
Capital 4,927 4,926
Share premium 246,188 246,127
Share based payment reserve 8,440 7,661
Other comprehensive income 197 137
Retained loss (172,555) (160,829)
Total equity attributable to shareholders € 87,197 € 98,022
LIABILITIES
Non-current liabilities
Financial debt 8,616 8,373
Lease liability 2,933 3,116
Pension liability 22 9
Provisions 273 185
Deferred tax liability 9
€ 11,844 € 11,692
Current liabilities
Financial debt 346 364
Lease liability 852 851
Trade payables 7,316 8,108
Current tax liability 2,091 1,988
Other payables 3,370 3,132
€ 13,975 € 14,443
Total liabilities € 25,819 € 26,135
Total equity and liabilities € 113,016 € 124,157

Revenue
Revenue was €1.2 million for the first quarter ending March 31, 2024, compared to €441,000 for the first quarter ending March 31, 2023. The increase in revenue was attributable to the Company’s commercialization of the Genio® system, primarily in Germany.

Cost of Goods Sold

Cost of goods sold was €455,000 for the three months ending March 31, 2024, representing a gross profit of €0.8 million, or gross margin of 62.7%. This compares to total cost of goods sold of €175,000 in the first quarter of 2023, for a gross profit of €266,000, or gross margin of 60.3%.

Research and Development
For the first quarter ending March 31, 2024, research and development expenses were €7.2 million, versus €6.2 million for the first quarter ending March 31, 2023.

Operating Loss
Total operating loss for the first quarter ending March 31, 2024 was €12.2 million versus €11.4 million in the first quarter ending March 31, 2023. This was driven by the acceleration in the Company’s R&D spending, as well as ongoing commercial and clinical activities.

Cash Position
As of March 31, 2024, cash and financial assets totaled €44.3 million, compared to €57.7 million on December 31, 2023. Total cash burn was approximately €4.5 million per month during the first quarter 2024.

First Quarter 2024
Nyxoah’s financial report for the first quarter 2024, including details of the consolidated results, are available on the investor page of Nyxoah’s website (https://investors.nyxoah.com/financials).

Conference call and webcast presentation
A webcast of the call will be accessible via the Investor Relations page of the Nyxoah website or through this link: Nyxoah’s Q1 2024 earnings call webcast. For those not planning to ask a question of management, the Company recommends listening via the webcast.

If you plan to ask a question, please use the following link: Nyxoah’s Q1 2024 earnings call. After registering, an email will be sent, including dial-in details and a unique conference call access code required to join the live call. To ensure you are connected prior to the beginning of the call, the Company suggests registering a minimum of 10 minutes before the start of the call.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward-looking statements
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; and the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2024, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:
Nyxoah
David DeMartino, Chief Strategy Officer
IR@nyxoah.com

Attachment

GlobeNewswire Distribution ID 1000950825

ASUU calls on govt. to address outstanding issues

The Academic Staff Union of University (ASUU), National Executive Council (NEC) on Tuesday called on the Federal and State Governments to address all outstanding issues with the union. Prof. Emmanuel Osodeke, President, ASUU said this in Abuja while briefing newsmen on the outcome of the ASUU-NEC meeting held at Obefemi Awolowo University, Ile-Ife between May 11 to May 12. Osodeke said that the union had rejected all the ongoing illegalities and flagrant violation of university autonomy in public universities as a result of non-reinstatement and reconstitution of governing councils. He said that NEC observed with dismay the continued erosion of autonomy of public universities, contrary to the provisions of the Universities Miscellaneous Act (1993, 2012). He said, 'The dissolution of Governing Councils by the present administration has paved way for all manner of illegalities in the Nigerian University System. 'University administrations now place advertisements for the appointment of Vice-Chancellor with out authorisation from the appropriate quarters - the Governing Councils. 'Outgoing Vice-Chancellors, working in cahoots with the Federal and State Ministries of Education, are illegally running the universities on daily basis. 'They routinely usurp the powers of governing councils to recruit and discipline staff as well as manage university finances in manners bereft of transparency and accountability.' He said that for the past 11 months universities were being run without a governing council which had given room to all sorts of illegalities in the universities system. Osodeke said the union undertook a dispassionate and comprehensive review of the status of its engagements with Federal and State Governments on how to reposition Nigeria's public universities for global reckoning and competitiveness. The president also said that the meeting took a critical look at the worsening living and working conditions in universities and the nation at large. 'The meeting received alarming reports on the failed pr omises of the Federal and State governments towards addressing the lingering issues that forced the union to embark on the nationwide strike of February-October 2022. 'As our union has consistently stated, salary awards are no substitutes for a negotiated agreement. 'Each negotiated Agreement between the Federal Government of Nigeria and ASUU is a comprehensive package that captures not the just salary component. 'But also a gamut of requirements for benchmarking a competitive university system designed for addressing the developmental challenges of Nigeria. 'ASUU's demand for negotiated salary and other conditions of service is anchored on the International Labour Organisation's (ILO) Convention No. 98 which underscores the principle of collective bargaining. 'The last FGN/ASUU Agreement was in 2009. Consequent upon the union's advocacy spanning almost one decade, our union went into the renegotiation with the FGN as in 2017,' he said. Osodeke said that NEC shall reconvene after two weeks from the date of the NEC meeting to review the situation and take a decisive action to address the issues. On the issue of the indefinite strike in university of Abuja, he said they were fully in support of the action. Source: News Agency of Nigeria

Lawmaker warns parents against overindulging children with technology

Hon. Stanley Olajide (PDP Oyo State), a member of the House of Representatives, has issued a caution to parents regarding the excessive use of Information Communication Technology (ICT) by their children. Olajide, representing Ibadan Northwest/Southwest Constituency, delivered the advice during the 4th stakeholders dialogue on 'Child Protection' organised by the Hope for Second Chance Foundation (HOSEC), an NGO. The event, themed 'Safeguarding Our Future: Nurturing Safe Digital Spaces for Nigerian Child,' aimed to address concerns surrounding child safety in the digital age. Olajide emphasised the importance of implementing proper controls when allowing children to use ICT devices, noting the potential risks associated with unrestricted access to the digital space. He warned that without appropriate measures in place, the rapid expansion of the digital landscape could pose more harm than good to children. Olajide revealed that legislative efforts are underway to regulate the use of ICT, underscoring the need for parents to fulfill their responsibilities in guiding their children's technology usage. He urged parents to remain vigilant and proactive in safeguarding their children's well-being amidst the evolving digital landscape. 'People are using the children through the cyberspace to perpetrate crime. There are organ harvesters on the internet, they are everywhere now. 'Parents must stop indulging their children in ICT use, but if you must do so, put the right control in place. 'Technology as a tool is more powerful than the friends we keep, we must be cautious.' The lawmaker also advised children to be contented with whatever their parents gave them, saying 'some parents are really struggling for their children.' See also Indomie clears air on price reduction in spite inflation Mrs Ibukunoluwa Otesile, the Executive Director, HOSEC, said that the safety of the digital space is the responsibility of all and sundry. She lamented that if Nigerians are not careful with the use of technology, the countr y may have corrupt children. 'We must all lend our voice to this call, that is the whole essence of this event, all voices must be amplified, the digital space must be safe for children, ' she said. On his part, Prof. Adebusuyi Adeniran, the Head of Sociology and Information Sciences, Obafemi Awolowo University, Ile-Ife, Osun, emphasised the need to control the cyberspace. He said that 'the problem can be better addressed through primary socialisation, as parents must think of the message they are passing to their children with the use of ICT. 'There is no way ICT use can be stopped in Nigeria, but we can have control over it on children. 'We must make internet align with the country's cultural practices. The Church, Mosque and school cannot train our children for us, the onus is on us to do it ourselves,' Olajide said. Source: News Agency of Nigeria