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To stay current with the rapidly changing banking landscape, many Nigerian banks have recently upgraded their core banking systems. This trend was initiated by Sterling Bank, which migrated to a new core banking solution known as SeaBaaS on September 10. Unfortunately, this transition caused significant issues for customers, who were unable to access their funds…
Nigerians are increasingly finding it difficult to afford transportation as petrol prices continue to surge. E-hailing drivers have begun negotiating fares directly with passengers outside of ride-hailing apps, due to unsustainable fuel costs. Since the removal of the fuel subsidy on May 29, 2023, petrol prices have steadily climbed, driving inflation and drastically increasing the…
Aliyu Audu, Senior Special Assistant to President Bola Ahmed Tinubu on Public Affairs, has clarified that the President refrained from discussing the price of petrol due to his dedication to deregulating the oil and gas industry. Audu made this statement during an interview with Channels Television, as reported by DAILY POST on Wednesday. He emphasized…
Elon Musk is predicted to become the world’s first trillionaire, and he has shared his vision for how he intends to use his immense wealth. Musk stated, “My goal is to use the money to advance humanity’s journey to Mars and ensure the survival of consciousness.” This ambitious plan aligns with his longstanding mission to…
The National Christian Elders Forum (NCEF) has urged the Federal Government to promptly reverse the recent increase in petrol prices, warning that failing to do so could lead to serious repercussions. As Nigeria faces rising poverty levels, with the rate projected to reach 38.9% in 2023, the NCEF pointed to the fuel price hike as…
In a surprising turn of events, Nigerian gamers and global players alike have voiced their frustration and disappointment over the much-anticipated launch of the Hamster Kombat coin. After months of engaging in the game and accumulating points, players were eagerly awaiting significant financial rewards, with many investing long hours in the hope of reaping substantial…
Shamsudeen Usman, a former Minister of Finance, Budget, and National Planning under President Goodluck Jonathan, revealed that he had to join a political party before being confirmed as a minister. Usman, speaking on Channels TV’s Politics Today, shared that his experience highlights the complexities involved in being a minister, especially for those appointed as technocrats….
After 4 months of holding or trading Hamster Coin, users feel they are receiving little to no value in return, metaphorically calling it “dust.” This could mean the coin’s value has significantly dropped, or it hasn’t delivered on its promised potential. The community is being urged to take drastic actions as a response to these…
Former Nigerian Vice President, Prof. Yemi Osinbajo, has forecasted a major shift in the global financial landscape due to the rise of cryptocurrencies. He warns that these digital currencies will challenge traditional banking systems, including reserve banks, and urges stakeholders to prepare for the changes ahead. Prof. Yemi Osinbajo, former Vice President of Nigeria, has…
The Correctional Officers Pencom Retirees Association of Nigeria (COPRAN) has expressed concerns that the contributory Pension Commission (PenCom) scheme is aggravating the difficulties faced by retirees. In a petition addressed to President Bola Tinubu, the Senate President, the Speaker of the House of Representatives, the Minister of Labour, and the Human Rights Commission, among others,…
