Author: Fishe

While critiquing the new policies embarked upon by the President Tinubus’ led administration, the World Bank says Nigeria’s government will save a total of N11 trillion from the recent petrol subsidy removal policy, but should in a jiffy put bail-out measure in-action. However, the financial body said more people would be pushed into poverty in Nigeria if the government does not provide palliatives to alleviate the effect of the recently implemented reforms. In its latest report Nigeria Development Update (NDU), released on Tuesday, the Bretton Woods institution said over four million people were pushed into poverty between January and May…

The Federal Commissioner of National Population Commission, representing Edo State, Dr. Tony Aiyejina, has revealed that the 2023 population census was postponed to allow the general elections by the Independent National Electoral Commission hold. This was made known on Wednesday by Dr. Aiyejina, at an interactive media chat organised by the Commission in Benin, and noted that while NPC shifted the date for the census to May, the coming of the rains yet put the exercise on hold in order to uphold the principle of simultaneity which guides census exercises world over. He however, assured that whenever the exercise comes…

This should kick for those whose phone are not really mobile as the case maybe, and wants to secure their chats in WhatsApp. Though WhatsApp offers end-to-end encryption to keep it secure digitally, it is also important to keep things secure and private from users’ end. To ensure the aforementioned, WhatsApp added the “app lock feature” to the platform that allows users to lock the entire app, and prevent it from getting accessed by unauthorised person. The Meta owned instant messaging app has rolled out a new Chat Lock feature that allows users to lock individual chats and group chats…

We’ve just identified a brand new isotope of the rarest element in our planet’s crust. With 85 protons and 105 neutrons, 190astatine is the lightest isotope of astatine discovered yet, and could help physicists better understand the process of alpha decay, and the structure and limitations of atomic nuclei. “The studies of new nuclei are important for understanding the structure of atomic nuclei and the limits of known matter,” says physicist Henna Kokkonen of the University of Jyväskylä in Finland. Astatine is highly radioactive, and extremely unstable. It only occurs in nature as a sort of stepping stone, a product…

The link between autism spectrum disorder (ASD), and the body’s “second brain” is becoming clearer than ever before. A new paper, authored by no less than 43 scientists of various disciplines, has found the strongest link yet between gut microbes, host immunity, genetic expression in the nervous system, and dietary patterns. The new analysis does not confirm autism’s underlying causes, nor does it identify specific subtypes as other research has attempted, but rather reveal a more generalized gut profile that seems to be consistent among those with ASD. If this crucial biomarker can be elucidated in further research, it could one…

The Central Bank of Nigeria (CBN), has nailed contactless  daily transaction limits to N50,000 payment. Platforms such as pre-paid, debit/credit cards, key fobs, mobile electronic devices, and wearable devices are Contactless payments used as a secure and convenient method of making transactions without physical contact between a payment device. It utilises near-field communication (NFC), technology, allowing users to simply tap or wave their payment device near the terminal to complete a transaction. In October 2022, the financial regulator issued guidelines to commercial banks, financial institutions and payment service providers on contactless payments in order to promote innovation in the sector.…

In bid to further better life for older citizens in the country, the Federal Government of Nigeria, on Tuesday met with the officials of Deposit Money Banks (DMB), and other related institutions in Abuja, to plan the production of functional three-in-one identity cards for older citizens across the country. While briefing participants at the Roundtable Meeting with Banks on the Production of Senior Citizens Identity Cards, the Director-General, National Senior Citizens Centre, Emem Omokaro, said the initiative would improve the quality of life of older persons across the country in various ways. Omokaro called for public-private partnerships in the production…

The federal government has stopped funding of professional bodies and councils with effect from year 2026 to further cut cost of expenditure and increase revenue. The Director General of the Budget Office, Ben Akabueze disclosed this in a circular, DG/BDT/GEN.CORR/2016/XII/3067 dated 26th June 2023 to the Nigerian Council of Food Science & Technology, Federal Ministry of Science, Technology & Innovation. According to Akabueze, the decision was in line with the decision of the Presidential Committee on Salaries, PCS. He noted that the implementation would be effected from 31st December, 2026. “I wish to inform you that the Presidential Committee on…

Nigerian Electricity Regulatory Commission has distanced itself from the proposed electricity tariff hike from July 1, 2023 by Power Distribution Companies of Nigeria, claiming such idea lack its’ approval. Preceding information making the rounds has the Discos sent public notices maintaining that the electricity tariff would be raised by about 30 to 40 per cent for selected categories of consumers on July 1, 2023. In a public service announcement from the Abuja Electricity Distribution Company, for instance, the Disco had said, “Effective July 1, 2023, please be informed that there will be an upward review to the electricity tariff influenced…

The National Commissioner of Nigeria Data Protection Bureau, Dr. Vincent Olatunji has deflated the demand by the Central Bank of Nigeria for banks to request their customers’ social media handles as needless. While granting an interview session on Channels Television on Monday, Olatunji commented on the supposed demand by the apex bank. Recall that the CBN mandated banks to obtain customers’ social media handles in its latest Due Diligence Regulations 2023 report. Olatunji noted that the newly signed Data Protection Act by President Bola Ahmed Tinubu is to protect the privacy rights of all Nigerians. “The whole idea of data…

The new sheriff in acting Comptroller General capacity of the Nigeria Customs Service – (NCS), Bashir Adewale Adeniyi, has guaranteed to dismantle obstacles and foster a new culture of consultations and compliance in Nigeria’s trade pattern. This, the new sheriff made known has he took over the Nigeria Customs leadership on Monday. According to him, hindrances will no longer impede trade at the country’s seaports and border points. Adeniyi said, “I stand before you as the newly appointed Comptroller General humbled and honoured by the trust placed in me by our esteemed President, His Excellency Bola Ahmed Tinubu GCFR. “Over…

The President of African Development Bank – (AfDB), Akinwumi Adesina, has pledges the African apex Banks’ readiness to support President Bola Ahmed Tinubu. Mr. Adesina also hinted on the establishment of entrepreneurship Development Bank in Nigeria, which he stresses is in alignment with President Bola Tinubu’s plan and vision for young people in Nigeria. The African Development Bank President was in attendance at the new global financial pact summit in France’s Palais Brongniart, spoke after he paid a visit to President Tinubu. The AfDB president said he is impressed with the president’s plans and vision for Nigeria, pledging his support…