Internet Security

Modernism: A legal analysis of Nigeria’s ranching debacle

The impeccable aspirations of section 14 (1)(b) of the 1999 Constitution of the Federal Republic of Nigeria (as amended) (the “Constitution”), establish that “the security and welfare of the people shall be the primary purpose of government.” Although the purposive intent therein is excellent, however, the practical applicability and enforcement of that provision is at

The impeccable aspirations of section 14 (1)(b) of the 1999 Constitution of the Federal Republic of Nigeria (as amended) (the “Constitution”), establish that “the security and welfare of the people shall be the primary purpose of government.” Although the purposive intent therein is excellent, however, the practical applicability and enforcement of that provision is at best variable, and at worst, non-existent, regarding the political dynamite of open cattle grazing in Nigeria by pastoralists.

How can cattle grazing constitute political dynamite in Nigeria in the 21st Century, when the progressive world is at the cutting edge of Artificial Intelligence (AI) and computational thinking, which traverses transformative healthcare, precision defence systems, innovative fin-techs, robotics, social media, space exploration etc?

The legendary soul music legend, Marvin Gaye, in 1971, 53 years ago, recorded the hit song “What’s going on?” Although the context at the time was social upheaval in the United States, the same question could be posed within the extant subject matter. How is it that Nigeria is unable to effectively grapple with the banal issue of open grazing which commenced in Georgia and Florida, USA, in 1605?

The poser neatly segues into the recurrent lethal clashes between farmers and cattle herders, which has directly triggered loss of lives, displacements of farmers from their ancestral lands and extensive property destruction. Where is the government in all this and what imaginative policies have been executed? Afterall, cattle business is a private enterprise just like fish farming, pig farming, poultry farming, and snail farming in the country and the livelihoods of tens of thousands of farmers nationwide depend on all, not one, of these farming models.

What, then, underpins the ferociously devastating footprints of open cattle grazing in Nigeria? How is livestock farming developed and executed, applying modern practices, in an environmentally sustainable, peaceful and economically beneficial manner in progressive countries?

For starters, the global revenue meat market is approximately $1,460.00 billion in 2024 and market projections forecasting annual growth by 6.12% (compound annual growth rate 2024-2029). According to Statista’s 2024 analysis, China has generated the highest revenue in meat production US$273 billion; United States (US$131.60 billion); Brazil (US$37.07 billion); Canada (US$31.06 billion); United Kingdom (US$30.88 billion); Spain (US$22.70 billion), and Russia (US$22.60 billion).

Plus, the United Nations Food and Agricultural Agency asserts that livestock contributes 40% of the global value of agricultural output, supporting the livelihoods, food and nutrition security of over 1.3 billion people. These are huge numbers and the significance exposes the reality that the global livestock industry is a huge revenue catalyst and employment creator, which alleviates poverty reduction, food security and agricultural development.

In all those countries, modern agricultural practices, tech

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Internet Security

Robinhood Crypto Launches Crypto Transfers for European Users

Robinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility…

Robinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility…
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Internet Security

Taiwan’s financial regulator permits professional investors to invest in digital asset ETFs

The FSC has restricted access to the virtual asset ETFs to professional institutional investors Security companies will need to establish a “virtual asset ETF suitability system” Taiwan’s financial regulator is allowing professional investors to invest in “foreign virtual asset” exchange-traded funds (ETFs) through a re-entrustment service. In an announcement, the Financial Supervisory Commission (FSC) explained


  • The FSC has restricted access to the virtual asset ETFs to professional institutional investors
  • Security companies will need to establish a “virtual asset ETF suitability system”

Taiwan’s financial regulator is allowing professional investors to invest in “foreign virtual asset” exchange-traded funds (ETFs) through a re-entrustment service.

In an announcement, the Financial Supervisory Commission (FSC) explained that the move would give investors a “variety of product choices and enhance the momentum of China’s securities firms’ re-entrustment of business.”

As a result of the high risks involved in crypto-related ETFs, the FSC has restricted this to professional investors. These include professional institutional investors, high-net-worth professionals, and high-asset clients.

Additionally, the FSC noted that security companies will need to establish a “virtual asset ETF suitability system, which needs to be approved by the board of directors, to determine a client’s professional knowledge of virtual assets before investing in an ETF.

The security companies will also need to provide product information relating to the ETF before a client makes their first purchase. The security firms will also provide regular training and education on virtual assets.

The FSC said it will “continue to pay attention to the handlings of re-entrusted business by securities firms and continue to improve relevant regulations to ensure the rights and interests of investors and enhance the competitiveness of securities firms.”

Cautious approach

Taiwan has, traditionally, taken a cautious stance toward the cryptocurrency market.

However, over the past year, the financial regulator has seen a shift toward the industry. Last September, the FSC released its guidelines for crypto exchanges with the aim of boosting crypto regulation.

Following that, last October, the Taiwan government introduced the Virtual Asset Management Bill.

Focusing on customer protection, regulatory obligations, and industry self-regulation, the bill provides guidelines for virtual asset service providers (VASPs) while building industry growth.

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Internet Security

Security personnel jogging behind Bishop Oyedepo’s Rolls Royce ignites debate

A video featuring security personnel jogging after the convoy of Bishop David Oyedepo in his new Rolls Royce has sparked mixed reactions across various social media platforms. The footage has quickly gone viral, prompting discussions about the appropriateness of such a display in a religious context…

A video featuring security personnel jogging after the convoy of Bishop David Oyedepo in his new Rolls Royce has sparked mixed reactions across various social media platforms. The footage has quickly gone viral, prompting discussions about the appropriateness of such a display in a religious context…
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Internet Security

BNY Mellon Gets SEC Non-Objection to Expand Crypto Custody Beyond Bitcoin, Ethereum ETFs

BNY Mellon gains SEC non-objection to expand its crypto custody services beyond Bitcoin and Ethereum, enhancing asset security for clients. The post BNY Mellon Gets SEC Non-Objection to Expand Crypto Custody Beyond Bitcoin, Ethereum ETFs appeared first on BeInCrypto…

BNY Mellon gains SEC non-objection to expand its crypto custody services beyond Bitcoin and Ethereum, enhancing asset security for clients.
The post BNY Mellon Gets SEC Non-Objection to Expand Crypto Custody Beyond Bitcoin, Ethereum ETFs appeared first on BeInCrypto…
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