Airtel’s SmartCash to Revolutionise Financial Services – CEO

BusinessTelecommunicationAirtel’s SmartCash to Revolutionise Financial Services – CEO

PilotnewsMay 19, 2022

LAGOS — SmartCash Payment Service Bank Ltd., (SmartCash PSB) will revolutionise the financial services landscape as it becomes operational in the country, says Airtel Africa. Mr. Segun Ogunsanya, the Chief Executive Officer of Airtel Africa made this known in a statement made available to Nigerian Exchange Ltd. (NGX) on Thursday in Lagos. Ogunsanya said that the services would initially be available at selected retail touch-points, while the operations would be expanded gradually across the country...

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Farmers Not Repaying Loans; Believe It’s ‘National Cake’, CBN Laments

AgricultureMoneyNewsFarmers Not Repaying Loans; Believe It’s ‘National Cake’, CBN Laments

By Ezinwanne Onwuka (Senior Reporter)May 19, 2022

The Central Bank of Nigeria (CBN) has lamented that farmers refuse to pay back the loans obtained under the Anchor Borrowers’ Programme (ABP), believing it’s ‘national cake’. “Many of the farmers refused to pay back their loans due to misconception that since CBN is the lender, the loan is a ‘national cake’ and they do not have to pay back what they consider theirs as citizens,” Sadeeq Ajayi, a spokesperson for CBN said on Wednesday....

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Russia-Ukraine War: FG Warns Businesses, Organizations of Possible Cyber Attacks

BusinessNewsRussia-Ukraine War: FG Warns Businesses, Organizations of Possible Cyber Attacks

Bada Yusuf Amoo (Correspondent)May 18, 2022

The National Information Technology Development Agency (NITDA) has sent warning notes to businesses and organizations of the possible spillover of cyber-attacks as a result of ongoing Russia’s invasion of Ukraine. The Head of the Corporate Affairs and External Relations of the NITDA, Hadiza Umar, gave the warning in a statement in Abuja on Monday. Umar said the invasion had increased cyber-attacks on businesses and government organizations and called for more precautionary measures. She said organizations...

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Elon Musk Explains What Is Halting the Progress of His $44bn Twitter Deal

InvestingElon Musk Explains What Is Halting the Progress of His $44bn Twitter Deal

Bada Yusuf Amoo (Correspondent)May 18, 2022

The billionaire founder of Tesla Inc., Elon Musk, has said that his $44 billion Twitter deal “cannot move forward” until the social media company shows proof of its spam account figures. The billionaire entrepreneur said this in a tweet on Tuesday. In a filing earlier this month, Twitter estimated that fewer than 5 per cent of its monetizable daily active users in Q1 were bots or spam accounts. But Musk claimed that around 20 per...

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Dollar Hits N600 At Parallel Market as Forex Supply Shrinks

MoneyNewsDollar Hits N600 At Parallel Market as Forex Supply Shrinks

Bada Yusuf Amoo (Correspondent)May 18, 2022

The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25. At Zone 4 in Abuja, which is the hub of the parallel market in the Federal Capital Territory, two Bureau de Change Operators, Mohammed Isa, and Abu Abdullahi, told newsmen that the rate was N599/$ at...

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Google Announces $4m Black Founders Fund for 60 Start-ups Across Africa

BusinessInvestingTelecommunicationGoogle Announces $4m Black Founders Fund for 60 Start-ups Across Africa

PilotnewsMay 17, 2022

Google on Tuesday said that 60 eligible  black-founded  start-ups  would receive  a total of four million dollars  in the second  cohort  of Google  for Start-up  Black Founders Fund  (BFF) Mr. Folarin Aiyegbusi, Google’s Head of Start-up Ecosystem, Africa,  made this known in a statement announcing the opening of applications for Google for Start-up Black Founders Fund for Africa. Aiyegbusi said that following the success of the first cohort in 2021, Google increased its commitment in 2022 with additional...

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Ondo Govt Engages Youths With Farming To Dissuade Them From Money Rituals

AgricultureJobsNewsOndo Govt Engages Youths With Farming To Dissuade Them From Money Rituals

By Ezinwanne Onwuka (Senior Reporter)May 13, 2022

The Ondo government says it has concluded plans to use agriculture to discourage youths in the state from engaging in money rituals. Akin Olotu, Senior Special Assistant to Governor Rotimi Akeredolu on agriculture and agribusiness, disclosed this on Thursday in Akure when the executives of the Nigeria Union of Journalists (NUJ), Ondo council, paid him a courtesy visit. Olotu, who noted that opportunities abound in agriculture, revealed that some youths in the state had started...

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Google Launches Built-in Virtual Credit Cards For Chrome

BusinessNewsTelecommunicationGoogle Launches Built-in Virtual Credit Cards For Chrome

By Ezinwanne Onwuka (Senior Reporter)May 12, 2022

Google has launched an autofill system called Virtual Card Numbers on its Chrome browser, which will let users hide their credit or debit card numbers while making purchases on the web. Google made the announcement on Wednesday at its annual developer conference. According to the company, the virtual card is for online purchases, adding that the card keeps the user’s ‘real’ card information hidden thereby protecting the user from fraud. “When you use autofill to...

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Rihanna Launches Fenty Skincare And Beauty Products In Nigeria, 7 Other African Countries

BusinessFashionRihanna Launches Fenty Skincare And Beauty Products In Nigeria, 7 Other African Countries

By Ezinwanne Onwuka (Senior Reporter)May 12, 2022

Popular Barbadian singer, Rihanna, is set to launch her skincare brand in Nigeria and other African countries. The 34-year-old expectant mother made the announcement on her social media handles. Rihanna, born Robyn Rihanna Fenty, stated that her brands, Fenty Beauty and Fenty Skincare, will launch in Africa on May 27, 2022. She wrote, “I’ve been waiting for this moment!! @fentybeauty and @fentyskin are finally dropping in AFRICA!!!” The billionaire singer also hinted at bigger projects...

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IPMAN Alert Nigerians To Prepare For Worst Fuel Crisis

BusinessEconomyOil & GasIPMAN Alert Nigerians To Prepare For Worst Fuel Crisis

Hassan Umar Shallpella (Regional Correspondent)May 11, 2022

KANO — The Independent Petroleum Marketers Association of Nigeria (IPMAN) has alerted Nigerians to prepare for the worst fuel crisis unless the Federal Government prevails on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to pay its members their outstanding claims amounting to over N500 billion. Bashir Danmalam, the IPMAN chairman in Kano state made the terse remarks while addressing a news conference in Kano, maintained that the failure of the NMDPRA to pay...

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