StartupsTechnology

Nigerian undergraduates founded JEAY to offer the country with affordable and accessible healthcare.

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February 21, 2023
Jesutoni Omiye attends Ekiti State University in Ado Ekiti, Nigeria. He has sickle cell disease and always goes home when he is sick to be treated by his mother, a nurse. There is no denying that the internet has changed the way we live. He was in tremendous pain and didn’t have any medications on him. His hostel friend, Toluwanimi Fanibuyan, and a few others offered to drive him to the…
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Banking

New Naira: CBN debut issue published on Aisha Buhari's Instagram page.

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February 21, 2023
The Central Bank of Nigeria has said that a press release posted on First Lady Aisha Buhari’s Instagram page is not true. A message posted on Aisha’s page on Tuesday said the old N500 and N1000 banknotes will remain legal tender for the next 70 days, until May 1, 2023. Aisha. “For the avoidance of doubt, following the President’s speech on February 16, 2023, CBN was instructed to…
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BankingMarket

Foreign reserves down $427 million - CBN

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February 21, 2023
Nigeria’s foreign exchange reserves fell $427.14 million this month, data from the Nigerian Central Bank showed on Monday. This is due to the fact that the currency crisis in the country was exacerbated by the shortage of new naira banknotes. According to CBN’s…
Transportation

Passengers have complained that the NRC insists on paying in cash.

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February 21, 2023
Despite the introduction of cashless payment systems in many parts of Nigeria, Nigerian railway companies insist on paying for their operations in cash, especially on the Lagos-Ibadan route. While other companies have explored POS services and online banking, it has been observed that NRC officials do not accept wire transfers or use PoS services. The cash desk at the Mobolaji Johnson station in…
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Events

Another earthquake shook the Turkish-Syrian border.

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February 21, 2023
Six people have died in the earthquake that hit the Syrian-Turkish border on Monday, just two weeks after more than 47,000 people died and hundreds of thousands of homes were destroyed. The latest quake measuring 6.4 on the Richter scale struck near the city of Antakya in…
Economy

Lagos to rehabilitate wastewater infrastructure.

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February 21, 2023
Lagos State governmentis set to commence rehabilitation of wastewater infrastructure in Abesan, which is structured to be executed in phases. General Manager, Wastewater Management Office (LSWMO),  Adebola M. Matanmi stated this during a meeting with the Abesan Estate…
Fintech

Cashless policy undermines confidence in banks - Fintech Association.

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February 21, 2023
The Fintech Association of Nigeria has stated that challenges with the execution of the country’s cashless policy may erode customers’ trust in the banking system. It said increasing merchants’ demand for cash payment despite empty ATMs, putting overwhelming pressure on digital channels and causing PoS charges to inch closer to 50 per cent. According to the association, a cashless policy…
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