~0.5 mins read
In commemoration of the Children's Day celebration, Lawsanaid Initiative presents a school outreach for special kids tagged "The frontiers of tomorrow."

The school outreach is set to happen in 2 different states (Enugu & Akwa Ibom) on 28th May, 2024.

We accept your kind donations and we're open to sponsorships for this outreach.
Donations can be made to the following account:

Account Name: Law Students with Disabilities Aid Initiative (LAWSANAID)
Account Number: 0057655585
Bank: Unity Bank

Through this outreach, we hope to support, encourage and empower students with disabilities to overcome challenges, unlock their potentials, and pursue their dreams.

For inquires, contact our Fundraising Manager 08130365976.
Breaking: Court Orders Suspension Of Sanusi II’s Re-instatement As Kano Emir
~1.2 mins read

Justice Ahmad Liman of the Federal High Court sitting in Kano has issued an order suspending the implementation of the amended Kano Emirate law of 2024.

With the order of the court, the reinstatement of Muhammadu Sanusi II as Emir of Kano will be put on hold.

According to a suit filed by Alhaji Aminu Bappa Dan Agundi (Sarkin Dawaki Babba) against the Kano State government before the court, the Applicant prayed for an order to suspend the implementation of the new law made by the Kano State House of Assembly.

Leadership reports that after listening to the Applicant, the court ordered that the implementation and the operation of the Kano State Emirate Council (Repeal) Law, 2024 (1445 A.H) be suspended.

Justice Liman ordered that, “An order of Interim Injunction of this Honourable Court suspending not giving effect to, not implementing the Operation of the Kano State Emirate Council (Repeal) Law 2024 (1445 A.H), as they affect all offices and institutions of all the Emirate Councils created under the provision of Kano State Emirate Council Law, 2019, (1441 A.H).

An order of Interim Injunction of this Honourable Court restraining the 5th – 8th Respondents from enforcing, executing, implementing and operationalising the Kano State Emirate Council (Repeal) Law 2024.

In the alternative to relief 3 above, an Order of Interim Injunction of this Honourable court for the maintenance and preservation of the subject matter and or the preservation of the status quo by all parties to this suit, pending the hearing and determination of the plaintiff/applicant’s Originating motion before this Honourable Court as well as AN ORDER of accelerated hearing on this matter.”



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FG Halts Lagos-Calabar Coastal Highway Realignment To Save Telecom Cables, Others
~1.2 mins read

The Federal Government has announced the realignment of Lagos-Calabar coastal highway.

Minister of Works Dave Umahi disclosed this in Lagos at the 3rd stakeholders meeting of the coastal highway project on Thursday, May 23, 2024.

He said the federal government is doing away with the proposed new route of the Lagos-Calabar coastal highway from kilometres 16 to 25 and reverting to the gazetted alignment to save the telecommunications infrastructure and submarine cables, among others at the axis. “We have three critical infrastructure that are located on one spot. One is the 2Africa submarine cable that cuts across 33 countries connecting about three billion people. That cable landed at Mopo and where it landed, the West African cable systems (WACS) had already been located there about 17 years ago.

We have a mega IPP which is to provide power to the 2Africa cable and the WACS cable. The power plant is a 50 megawatt power plant expected to support this infrastructure.

The (new) corridor is passing right on the submarine cable and the other side is on the IPP. You cannot have the submarine cables without power. They will not function. The submarine cable is a critical national security infrastructure. If it is affected, everybody will be affected,” he said. Umahi said President Bola Tinubu would flag off the road’s construction on Sunday, May 26.

According to him, “We have fully redesigned section one, which is 47 kilometres, and we can say that we’ve done everything possible to put human face by managing the alignment. We’ve taken hard decisions and we’re happy that our decisions are not harmful.

We have also concluded the design of the road. We are concerned about some houses in this Goshen Estate.”



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Why I’ve Never ‘workout’ With My Coworker In The Other Room — Lady
~0.2 mins read

A lady has revealed she has never ‘workout’ with her coworker in the other room.

She said it’s not a matter of disrespect but she refuse to have s+x with someone making the same living wage as herself.

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~0.9 mins read
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How To Short Ether
~3.8 mins read

Short selling Ethereum (ETH) involves borrowing ether and immediately selling it, with the plan to buy it back when prices drop. This strategy is used by traders with a bearish outlook on the market to take advantage of declining prices.

A successful short provides a profit of the difference between the sale and repurchase price, less any fees. But it's a strategy that offers the potential for unlimited losses. ETH is a notoriously volatile asset, and losses can mount quickly. To cite an example, on May 21, 2024, the price of ETH spiked 22% in 24 hours on news of a potential ETH exchange-traded fund (ETF), causing over $280 million in losses marketwide on short selling.

Below, we take you through several ways to short the cryptocurrency.

Short selling refers to when an investor borrows an asset—in this case, ETH—and sells it on the open market, planning to repurchase it later for less. The exchanges that allow you to short ETH often require you to hold a margin account. These accounts allow you to borrow money to buy assets, in this case ETH. What's borrowed, called "margin," is often used to augment your buying power and potentially amplify your gains.

Suppose you think ETH is due to drop in price soon, and you have $10,000 in your margin account, which allows you to trade up to twice what you have in the account. The price of ETH on crypto exchanges is about $4,000. Here are the steps:

Ether futures ETFs began trading in October 2023. If you have a margin account that allows short selling, you can sell short one or more of these Ether ETFs to profit from falling ETH prices.

If you don't have the desire to sell ETH futures ETF shares short, another option is to purchase a short cryptocurrency ETF, like the Proshares Short Ether Strategy ETF (SETH). This ETF attempts to return the inverse of the Bloomberg Galaxy Ethereum Index.

Prediction markets like Kalshi are another way to wager on ETH prices going down.

One of the most accessible ways to short Ethereum (ETH) is through a cryptocurrency margin trading platform. Many exchanges, including brokers that trade shares of inverse ETH ETFs, facilitate this type of trading, allowing traders to borrow funds to boost their position. This leverage can significantly boost potential gains. The caveat is that potential losses are magnified as well.

It's crucial to remember that margin trading, like any leveraged trading strategy, requires careful risk management and a thorough understanding of the market. Always research any exchange or brokerage you plan to use, and never invest more than you can afford to lose.

A short position profits from falling prices. If you believe that ether is overpriced or may go down, you might go short to capitalize on that. If the price of ETH rises, you will instead record losses.

Shorting a cryptocurrency like ETH involves betting on its price to fall. However, unlike buying long, where your losses are capped at your initial investment, the risk of shorting is unlimited. This is because there's theoretically no limit to how high the price can climb, and you'll eventually have to buy back the borrowed ETH to return it, regardless of how high the price has gone.

An ETH futures ETF is a fund that allows investors to gain exposure to ether through futures contracts rather than by owning and having to store the cryptocurrency directly. These ETFs track the price of ETH futures, which are contracts that obligate the buyer to purchase or the seller to sell ether at a predetermined future date and price. A spot ETH ETF would hold the digital currency directly, though they have yet to be approved by the U.S. Securities and Exchange Commission.

An ether 2x ETF is a fund that seeks to provide twice the returns of ether's market price or an ether-related index or product. If the market goes the wrong way, though, you can end up with twice the losses over simply trading ether itself.

Shorting ether is a strategy of borrowing, selling, and repurchasing the cryptocurrency when the price drops. There are several ways to short ether. First, one can use one of the crypto exchanges that allow shorting ETH. You can also borrow shares of an ETH futures ETF to wager against its price going up. There are also inverse ETH ETFs that use margin trading strategies to return the opposite of ETH's price moves in the market.

Short selling any asset is risky, but short selling a volatile one like ETH amplifies those risks further. Only those who know the market well and can afford to lose the value of their trades should consider engaging in this strategy. There could be upside, but the downside of short selling ETH is unlimited.

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