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Jos North PYC Members Receive Entrepreneurship Grants from Dachung Musa Bagos Foundation

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Members of the Plateau Youth Council (PYC) Jos North Chapter have received entrepreneurship grants from the Dachung Musa Bagos Foundation, following a two-day intensive training aimed at equipping them with business management skills.

The grant presentation took place on 6th August 2025 at the Plateau State Microfinance Development Agency (PLASMIDA) hall, marking the climax of the training program facilitated by PLASMIDA as part of the foundation’s initiative to empower young people and nurture them into self-reliant leaders.

Speaking at the ceremony, the Executive Director of the foundation, represented by Programs Manager Mr. Alpha Dali, urged beneficiaries to see the support as an opportunity to grow their small and medium enterprises (SMEs). He encouraged them to apply the funds strategically to strengthen their businesses and contribute to community development.

Chairman of PYC Jos North appreciated the foundation for the gesture, describing it as a practical step toward youth empowerment. He urged the beneficiaries to demonstrate transparency and accountability in using the funds to attract more opportunities for young people in the future.

Some beneficiaries, in their remarks, expressed gratitude to the foundation for the empowerment, pledging to invest the funds in ways that would expand their ventures and create avenues for others to benefit.

The event drew a large turnout of youths from Jos North LGA, reflecting the interest and enthusiasm for entrepreneurship support in the community.

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Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance

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BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc and Guinea Insurance Plc are among seven additional underwriting firms officially cleared and verified by the National Insurance Commission (NAICOM) as compliant with the Minimum Capital Requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

This final batch of approvals formally completes the nation’s insurance recapitalization exercise, bringing the total roster of fully capitalized operators in Nigeria to 48 insurance companies and two reinsurance companies.

See details below:

List of Additional Insurance Companies that Complied with the MCR Prescribed by NIIRA 2025

The post Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance appeared first on Business Today NG.

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Investors sue Selena Gomez alleging fraud tied to her mental health startup

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Singer and actress Selena Gomez and her mother are being sued over their mental health startup, Wondermind. The plaintiffs in the lawsuit say they invested nearly $1.2 million in the startup, and are accusing Gomez of securities fraud and breach of contract.

They allege that the startup failed to deliver on its commitments without informing investors, and Gomez failed to market the startup after promising to do so. The news was first reported by Forbes.

Wondermind launched in 2021 and aimed to offer daily mental health resources to users. The lawsuit alleges that investors were unaware of the company’s troubles until a September 2025 story from The Cut uncovered them.

“Gomez purported to sign a contract obligating her to perform and then ignored it,” the complaint reads. “The partnerships did not exist. The initiatives never materialized. The app was never built. And for three years, while the Company quietly collapsed around them, not one of its founders, officers, or directors said a word to the investors whose money was funding the collapse.”

The investors allege that Gomez and Wondermind misrepresented the company’s finances and overstated the extent of Gomez’s involvement. The plaintiffs are seeking to recover their investments and legal fees.

Wondermind did not respond to our request for comment.

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