Connect with us

News

1xBet Nigeria’s Nnanna Chigozie Ewuzie Calls for Better Player Education at Responsible Gaming Symposium

info

Published

on

WhatsApp Image 2026 06 12 at 11.49.27 PM.jpeg

Nnanna Chigozie Ewuzie, Compliance Manager at 1xBet Nigeria, took part in the Responsible Gaming Symposium, where he focused on one of the biggest challenges for safer gambling in Africa: players need to understand protection tools before they can use them effectively.

At the Symposium, Nnanna presented 1xBet’s view on player education as a core part of responsible gambling. His remarks were built around insights from 1xBet’s research – Independently Commissioned Player Protection Index, which shows that in many African markets betting is still often seen not only as entertainment, but as a possible source of income.

Education before warnings

Nnanna stressed that responsible gambling tools remain important, but they are not enough on their own. Deposit limits, self-exclusion and time-outs can only work when players understand why these tools exist and how they can help.

“If we want safer play, we must teach, not only warn the players. A tool only works when a player understands it. A limit means nothing if a player does not know why it helps,” Nnanna said.

This was the central idea of his contribution: education turns responsible gambling from formal messaging into a practical choice. When players understand the risks, odds, limits and available protection tools, they are more likely to stay in control.

“Education turns a warning into a choice. It helps a player move from betting for hope to betting with control,” he added.

What the data shows

The Player Protection Index research by 1xBet also points to a wider shift in the industry. According to the findings referenced by 1xBet, 69% of operators now agree that a safer player is more profitable over time. This suggests that player protection is increasingly being seen not only as a regulatory requirement, but as part of long-term business sustainability.

The research also shows that 84% of respondents believe player education is the foundation of safer gambling. At the same time, Simon Westbury, Strategic Advisor to 1xBet, has highlighted that only a small share of operators strongly believe players fully understand what “Positive Play” means.

For Simon, this shows a clear gap between the tools available and the way players understand them.

“Player education was the foundation of safer gambling. Positive play is when the player is educated and informed of their decisions,” Simon said.

He also connected safer gambling with long-term trust between operators and players.

“If you can retain a player and give a player a safe, fun environment to gamble, then they are going to stay with you longer,” he said.

Africa needs local and practical solutions

The discussion also reflected the specific realities of African markets. Regulation, payment habits, languages, digital access and retail betting culture differ across countries. This means safer gambling standards cannot simply be copied from other regions.

The Player Protection Index by 1xBet points to a 56% / 44% split in views on how consistent player protection standards are across markets. For Nnanna, this reinforces the need for a common base that can be adapted locally.

That base should be simple: set limits, understand odds, take breaks and ask for help when needed. Each market can then adapt the language, examples and delivery channels to its own context.

In markets where many players rely on cash or in-person betting, education may need to come through voice, video, visual formats, local languages and shop staff, not only through long text or formal disclaimers.

“Simple words and pictures travel further than long text,” Nnanna noted.

From compliance to real understanding

Both Nnanna and Simon pointed to the same conclusion: safer gambling in Africa must move beyond small print and generic warnings.

The industry still faces real barriers. Simon has noted that 49% of respondents see commercial considerations as a blocker to player protection, while 67% of players are apathetic towards safer gambling and player protection tools. This is why education matters: many players do not use protection tools because they do not see how those tools apply to them.

For Nnanna, operators and regulators need to agree on what good player education looks like. He pointed to three practical steps: a shared standard for education, room to test what works and honest data-sharing.

“We cannot build trust if we only show the good numbers,” Nnanna said.

For Simon, collaboration is also essential. The research shows that 96% of respondents believe safe gambling is only possible through cooperation between operators and regulators. This cooperation should help turn player protection from a compliance requirement into something players can understand and use.

1xBalance and the next step

1xBet’s responsible gambling work also includes 1xBalance, a dedicated project and website focused on education, self-checking and helping players better understand their betting behaviour.

Through the 1xBalance website, players can access simple educational materials, take a self-assessment test and use a budget calculator to better understand their spending habits. The idea is to make player protection softer, clearer and less intrusive.

Instead of treating responsible gambling as a clinical or distant topic, 1xBalance presents it as something practical: a way for players to check themselves, understand their behaviour and make more informed decisions.

This reflects the main message of the Responsible Gaming Symposium: safer gambling will depend on education, cooperation and tools that players can actually understand.

For 1xBet Nigeria, Nnanna Chigozie Ewuzie’s participation showed that responsible gambling in Africa is not only a regulatory issue. It is also a communication challenge, an education challenge and a trust challenge.

The next step is clear: teach better, explain earlier and help players turn protection tools into real choices.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Aviation ground handlers lift suspension on Max Air after debt negotiations, partial payment

info

Published

on

By

Max Air 1.jpg

MTN ADVERT

The Aviation Ground Handlers Association of Nigeria (AGHAN) has lifted its suspension on services to Max Air, less than 24 hours after halting operations over unpaid debts.

The association said the decision followed progress in discussions with the airline, including the payment of a “substantial amount” of money out of its outstanding obligations to handling companies.

In a statement issued on Friday, AGHAN said the suspension was lifted after Max Air re-engaged with its members and committed to resolving its debt profile.

“We have to lift the handling suspension on Max Air after it commenced negotiations with our members and paid a substantial amount of money out of its debts,” the association said.

Ground handling companies provide critical airport services, including aircraft marshalling, baggage handling and ramp operations, which are essential to airline turnaround and safety compliance.

PT WHATSAPP CHANNEL

The development is coming just a day after the group withdrew handling services to the airline, citing prolonged unpaid debts it said have reached unsustainable levels and strained operations within the aviation support sector.

PREMIUM TIMES earlier reported that AGHAN withdrew its services from Max Air on Thursday over the debts estimated at N1 billion.

The association had accused the airline of failing to engage meaningfully in repayment discussions at the time, while other indebted carriers were said to be making settlement plans.

AGHAN noted that the action was necessary after repeated efforts to recover the debt failed, warning that the issue, if not addressed, could undermine safety and operational efficiency at airports.

Despite lifting the suspension, the association said the underlying financial pressure facing ground handling companies remains unresolved.

ALSO READ: Aviation Ground Handlers withdraw services from Max Air over alleged N1 billion debt

AGHAN said its members continue to operate under rising costs arising from equipment procurement, foreign exchange exposure and operational overheads, while awaiting payments from airlines.

“We agree that the operating environment is tough for all operators, but we are not equally exempted from the challenge,” the statement disclosed.

It added that aviation services operate as an interconnected chain, warning that financial distress affecting any segment could have wider implications for safety and service delivery.

“The aviation industry is a chain and not about the airlines alone. Others too play major roles in the ecosystem and they need to survive,” the association said.


Continue Reading

News

SpaceX IPO: Live updates on everything you need to know

info

Published

on

By

Elon nasdaq spacex ipo.jpg

SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk.

But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it’s because of the sheer size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history. At this price, the deal also looks set to make Musk the world’s first trillionaire.

TechCrunch has followed SpaceX’s start, struggles, and successes from the early days. And we’re here for what happens next too. This article will be continually updated with all of the latest SpaceX IPO news.

The latest on the SpaceX IPO

SpaceX shares opened at $150 on the Nasdaq public exchange, an 11% pop for the most anticipated debut in history. And it has continued to rise. The shares keep rising too (which we will update here). In midday trading, SpaceX shares soared 30%. SpaceX shares closed at $160.95, up 19%.

There has been heavy trading volume, as expected. Robinhood said it has seen “record-breaking traffic on its trading platform in the hours after SpaceX’s historic public markets debut.

SpaceX COO Gwynne Shotwell was interviewed by CNBC on Friday and among the many interesting comments she made, here is one that might get the attention of Tesla shareholders. At one point in the interview, Shotwell said a “merger between SpaceX and Tesla might make Elon’s life a little easier.”

Among the winners are the banks, which have brought in about $500 million in total fees. The big winners are Goldman Sachs and Morgan Stanley, per the WSJ.

Musk took to X, the social media company he owns, to share his appreciation of SpaceX employees as the stock rose. “I love the incredible people of SpaceX beyond words,” he wrote Friday afternoon. He also reposted a number of SpaceX IPO related posts, including a photo of insiders all wearing green shoes in what appears to be a nod to “the green shoe option.” This is a provision in an IPO underwriting agreement that lets underwriters to sell up to 15% more shares than originally planned if demand is strong.

To get a deeper look into what happened today, and all the far-ranging implications of SpaceX now being a publicly traded company, Senior Reporter Sean O’Kane and AI Editor Russell Brandom sat down for a special episode of our Equity podcast, which you can listen to right here or via your podcast player of choice, or queue it up on YouTube here.

How to track the SpaceX IPO

With an offering this large, there is a lot of financial machinery operating behind the scenes — so the first question is just when the stock makes it to the market to start trading. SpaceX is debuting on Nasdaq and you can see the official Nasdaq listing here, which will have the price of record as soon as there is one. Nasdaq also has video of the SpaceX crew ringing the bell, if that’s your thing.

But the price is just part of the picture. For the most up-to-the-minute information, your best bet is still financial press outlets like Bloomberg and CNBC, both of which have liveblogs running and will have close coverage of any hiccups that happen in getting the stock to market.

The SpaceX IPO, by the numbers

Here we look at some of the bigger numbers, the consequential figures, and the eyewatering amounts that make up the company’s S-1 form. 

For instance, SpaceX lost $4.9 billion on revenues of over $18 billion in 2025. That’s only a fraction of the more than $37 billion lost since SpaceX’s inception. 

As CEO, Elon Musk holds about 85.1% of the company’s voting power. You can read more about that in the next section “Who wins and who doesn’t” — and we’ll continue to drop interesting numbers in here.

Here is another figure that caught our attention… 4,400. That’s the number of SpaceX employees who could become millionaires, according to the NYT.

Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: The Equity podcast weighs in on the IPO.

Who wins and who doesn’t

SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk.

Elon Musk becomes the world’s first trillionaire after SpaceX’s historic IPO: The SpaceX IPO has boosted Musk’s paper wealth to more than $1,000,000,000,000 at a time when he is more hated — and powerful — than ever.

How Elon Musk will increase his power through the SpaceX IPO: Musk, who will have more than 50% of the voting power, will have a monarchical grip over the publicly traded version of SpaceX — control that goes far beyond what other tech founders enjoy.

Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle: Elon Musk has the largest stake in SpaceX by billions of shares, but others also stand to win. Here’s the rundown of who owns what.

SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.

What’s in the S-1

The S-1 registration document gave the world an unprecedented look inside SpaceX, including its financials and its various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here is what we found.

The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center: The contents of the SpaceX IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects through its xAI division.

Starship’s path to reusability looks murky after SpaceX’s S-1: SpaceX’s IPO and Starship rocket test flight delivered two big data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its critics.

SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, a warning to prospective investors that a major dilution could be in the cards after it goes public.

Pre-IPO deals and events

Leading up to the IPO, SpaceX locked in a string of deals, mostly selling off compute to improve its balance sheet.

Anthropic will pay xAI $1.25B per month for compute: Initial coverage of the Anthropic deal on May 20.

How long is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk keeps downplaying the duration of SpaceX’s contract with Anthropic.

Google will pay SpaceX $920M per month for compute: A Google representative described the deal as a short-term deal addressing unexpected demand for its recently launched AI products.

This article originally published at 10 am ET, June 12, 2026. It has been updated with new coverage of the SpaceX IPO, share price, and other related events.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Continue Reading

Trending