Verified Twitter Users Express Willingness to Lose ‘Blue Tick’ as Elon Musk Announces $8 Monthly Charge for Verified Accounts

BusinessNewsVerified Twitter Users Express Willingness to Lose ‘Blue Tick’ as Elon Musk Announces $8 Monthly Charge for Verified Accounts

By Ezinwanne Onwuka (Senior Reporter)November 2, 2022

Multiple Twitter users with verified accounts have said they would be happy to lose their ‘blue ticks’ after Twitter’s new boss, Elon Musk, announced an $8 monthly charge for verified accounts. This is coming days after Musk’s plans to charge for Twitter verification had leaked, with Daily Mail reporting that it would cost $20 per month. “Twitter’s current lords and peasants system for who has or doesn’t have a blue checkmark is bullshit. Power to the people! Blue...

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Dollar Scarcity Heightens as Naira Falls to N800/$1 after CBN Announced Launch of New Banknotes

EconomyMoneyNewsDollar Scarcity Heightens as Naira Falls to N800/$1 after CBN Announced Launch of New Banknotes

By Ezinwanne Onwuka (Senior Reporter)November 2, 2022

LAGOS — A week after the Central Bank of Nigeria (CBN) announced the launch of redesigned banknotes, saying that the existing notes would cease to be legal tender by 31 January 2023, the naira has fallen to N800/$1. Though some outlets report the exchange rate between N815—N865/$1, sources at several bureaus de changes our correspondent spoke to suggest that rates range between N780—N805/$1. An operator at Allen Roundabout in Lagos, Ismail Muhammed said dollars were...

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Amazon Web Services, Inc. (AWS), A Subsidiary of Amazon, Has Opened its First Office in Nigeria

BusinessInvestingAmazon Web Services, Inc. (AWS), A Subsidiary of Amazon, Has Opened its First Office in Nigeria

By Ezinwanne Onwuka (Senior Reporter)November 1, 2022

According to the firm’s regional manager of Sub-Saharan Africa, Ms. Amrote Abdella, who spoke on Tuesday, the new office was launched in Lagos State. Abdella said the company chose Lagos because it “offers a highly skilled and creative talent pool, and the area is home to many fast-growing startups and notable Nigerian enterprises leading the way in digital innovation.” She said the move was part of AWS’s support for the growing number of customers and...

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Twitter to Charge $20 Per Month for Verified Accounts

BusinessNewsTwitter to Charge $20 Per Month for Verified Accounts

By Ezinwanne Onwuka (Senior Reporter)October 31, 2022

Twitter has announced plans to charge $240 (N192,000) yearly for verification (blue tick). This is coming a few days after Elon Musk sealed the $44 billion Twitter acquisition deal and took over the ownership of the company. According to Daily Mail, Musk wants to launch a pay-for-play verification system in which verified users are charged $20 per month. It was gathered that Musk had communicated the project to employees of the micro-blogging platform on 30 October....

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Elon Musk Fires Twitter CEO, CFO As He Takes Over Company

BusinessWorld NewsElon Musk Fires Twitter CEO, CFO As He Takes Over Company

By Ezinwanne Onwuka (Senior Reporter)October 28, 2022

Elon Musk has closed his $44 billion deal to buy Twitter and fired four top executives, including the chief executive and chief financial officer. The acquisition deal between the management of the micro-blogging platform and the billionaire was first announced in late April. But the following months witnessed disagreements that threatened the deal. Musk announced his intention to halt the acquisition and the management of Twitter filed a lawsuit to compel the Tesla CEO to follow through with the acquisition agreement. Musk eventually completed...

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Redesigning the Naira is a Necessary Step — Kingsley Moghalu

EconomyMoneyNewsRedesigning the Naira is a Necessary Step — Kingsley Moghalu

By Ezinwanne Onwuka (Senior Reporter)October 28, 2022

A former presidential aspirant, Kingsley Moghalu, says he is in support of the move by the Central Bank of Nigeria (CBN) to redesign bank notes. He said it is a necessary step. Moghalu made his view on the CBN’s plan known via his Twitter page on Friday after our correspondent requested his opinion on the much-debated issue. The political economist said the measure would go a long way to ensure that the naira in circulation outside...

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FG Seeks Collaboration With DCO to Stop Youths From Relocating Overseas

JobsNewsTechnologyFG Seeks Collaboration With DCO to Stop Youths From Relocating Overseas

By Ezinwanne Onwuka (Senior Reporter)October 28, 2022

Dissatisfied with the rate at which young Nigerians are leaving the country in search of greener pastures in other countries, the federal government has sought the collaboration of the Digital Cooperation Organisation (DCO) to provide jobs for Nigeria’s teeming population. DCO is a multilateral organisation, comprised of 12 countries from three continents, that focuses on advancing the digital economy in member states. Nigeria is a founding member. The secretary-general of the DCO, Deemah Yahya, on...

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Buhari Gives CBN Approval to Redesign N200, N500, N1,000 Notes

MoneyBuhari Gives CBN Approval to Redesign N200, N500, N1,000 Notes

By Ezinwanne Onwuka (Senior Reporter)October 27, 2022

ABUJA — The Central Bank of Nigeria (CBN) says it has gotten the approval of President Muhammadu Buhari to redesign the N200, N500, and N1,000 notes. The governor of the CBN, Godwin Emefiele, disclosed this at a press briefing in Abuja on Wednesday. Emefiele explained that the redesigning of the local currency is in line with global best practice. According to him, central banks are to redesign, produce and circulate local legal tender every five...

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Corruption: Customs Dismiss Over 2,000 Officers-Hameed Ali

JobsNewsCorruption: Customs Dismiss Over 2,000 Officers-Hameed Ali

Hassan Umar Shallpella (Regional Correspondent)October 22, 2022

In a bid to ensure zero tolerance for corruption, the Nigeria Customs Service (NSC), has dismissed over 2,000 officers in the last seven years for sharp practices in the course of their duties. The Comptroller General of the organization Col. Hameed Ali (Rtd) disclosed this Thursday while reacting to a question on what he had been able to do to rid the service of corrupt officials at the 53rd Session of the State House Briefing organized...

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Ayade Introduces Made-in-Calabar Noodles

BusinessFoodNewsAyade Introduces Made-in-Calabar Noodles

By Ezinwanne Onwuka (Senior Reporter)October 21, 20221

The production of made-in-Calabar noodles, Kisimie noodles, has commenced. This was made known by the governor of Cross River State, Professor Benedict Ayade, via a Facebook post on Thursday. The governor shared a video of his visit to the noodles factory to witness the pre-production works of the concessionaire. Speaking on the product, he said it “is not the type of noodles that you find in the Nigerian market”. He said it is “noodles of...

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