Month: May 2024

Flexify solutions launches CyberAgric App to revolutionize Agricultural sector in Nigeria

Emporium Reporters

Food security is a top priority for every nation, and Nigeria is no exception. Recognizing the crucial role of modern agricultural practices in ensuring food security, Flexify Solutions, a leading tech-based firm in Oyo State, has introduced “CyberAgric,” an innovative solution designed to drive food production in Nigeria.   CyberAgric is a cutting-edge mobile application that leverages artificial intelligence (AI) to support Nigerian farmers, particularly those involved in cash crop cultivation such as cassava and maize. The app’s groundbreaking features include early disease detection, with the capability to identify diseases…

Full List of 16 banking transactions exempted from CBN’s new cybersecurity levy

Emporium Reporters

The Central Bank of Nigeria (CBN) has mandated all banks to begin charging a 0.5% cybersecurity levy on all electronic transactions, as stipulated in a new circular issued on Monday, May 6, 2024. The directive, signed by the Director of the Payments System Management Department, Chibuzo Efobi, and the Director of the Financial Policy and Regulation Department, Haruna Mustafa, is aimed at bolstering cybersecurity measures in the financial sector. The circular, which was addressed to all commercial, merchant, non-interest, and payment service banks, among others, outlines that the levy will…

Agent Banking: CAC orders Banks to ensure compliance with CBN directive on PoS operators,others ……. Sets July 7 as deadline for registration

Emporium Reporters

The Corporate Affairs Commission (CAC) has instructed banks to ensure registration of their customers in the agent banking platform on or before July 7, 2024.   In a letter to all affected banks, the Registrar-General/CEO, CAC Hussaini Ishaq Magaji said the instruction was in line with Section 863(1) of CAMA and the CBN guidelines for Agent Banking, 2013.   The Central Bank of Nigeria (CBN) had earlier, through a memo issued on April 30, 2024, directed all non-individuals on the Agent Banking Authorization to immediately take steps to register their…

SIM Boxing, And The Unboxing of a Crime Syndicate

Emporium Reporters

Boxes have a multitude of uses, and the word “box”, lends itself to diverse contexts. For “Ajala Travelers,” the box is a necessity for keeping goods for their endless journeys. In literature, idiomatically, it can be said that “one has been boxed into a corner;” another might say to deal with a conundrum: “think outside the box;” then there is the “Pandora’s box” that no one wants opened. To “box one’s ear’s” refers to a hit on the head, especially around one’s ears. For those who celebrate Christmas, “Boxing Day,”…

FCT Police deploys 30 Motorcycles, Personnel to rural communities

Emporium Reporters

The FCT Commissioner of police, CP Benneth C. Igweh, on May 6, 2024, commenced the deployment of motorcycles and personnel across the rural areas in the Federal Capital Territory to aid security response operations and efforts against banditry. The deployment of the motorcycles, painted police colors, was made to aid swift operational response to communities and areas where vehicles may not easily assess or navigate when the need arise. While extending heartfelt gratitude to the Honorable Minister, FCT, the Commissioner of Police, FCT, CP Benneth C. Igweh, promised to effectively…

Monguno’s Foundation and Educational Development in Borno State ,By Saminu Ibrahim

Emporium Reporters

Barely few months after the inauguration of officials of Monguno’s Educational Foundation, the chief launcher and founder, Senator Mohammed Tahir Monguno, who represents Borno north senatorial district at the Nigerian Senate has continue to receive encomiums from stakeholders. It would be recalled that, following the launch, the foundation awarded scholarships to 100 indigent University students in Borno state. The students were drawn from the University of Maiduguri and Borno state University. Determined to assist in the development of Borno state, particularly in the education sector, the chairman senate committee on…

EDO 2024: Osunbor updates supporters on latest developments over Okpebholo ….. Says LG coordinators ‘ll be properly briefed

Emporium Reporters

A major contender in the recently concluded Edo APC Guber primaries ,Senator Oserheimen Osunbor has updated his teeming supporters on latest developments over Senator Monday Okpebholo the state’s gubernatorial candidate in the September 21 election.   In a message he personally signed and tagged: ‘A MESSAGE TO MY SUPPORTERS AND WELL-WISHERS (2)’ Osunbor gave a vivid account of what transpired when Okpebholo visited him on May 2.   Hear him:   Ladies and Gentlemen,   “You will recall that on 1st March 2024, I issued a message to you, in…

Agent Banking : CAC, PoS Operators agree to 2-month deadline for registration of Agents, Merchants,Others

Emporium Reporters

The Corporate Affairs Commission (CAC) and fintech companies in Nigeria, better known as PoS operators, have agreed to a two-month’ timeline to register their agents, merchants, and individuals with the CAC in line with legal requirements and the directives of the Central Bank of Nigeria.   The agreement was reached today Monday 6th May,during a meeting between Fintechs and the Registrar-General/CEO CAC, Hussaini Ishaq Magaji, SAN, in Abuja.   Speaking at the event, the CAC boss said the measure aimed at safeguarding the businesses of Fintech’s customers’ and strengthening the…

Army promises adequate security for Corps Members, NYSC formations

Emporium Reporters

The General Officer Commanding, 1 Division Nigerian Army, Kaduna, Major General MLD Sarazo has assured that officers and men of the Division would ensure that Corps Members and NYSC formations within its areas of operation continuously enjoy maximum protection.   He said all Corps Members serving at the Division are equally accorded high priority with other privileges alongside the Army Officers.   The GOC disclosed this today when the NYSC Director General, Brigadier General YD Ahmed paid him a courtesy visit in his office in Kaduna.   He stated further…

Petrol pains, wilderness wanderings By Lasisi Olagunju

Emporium Reporters

A young taxi driver sat on the bonnet of his car some years ago thoroughly frustrated by Nigeria’s unending petrol mess. A television reporter asked him to speak on his experience in that filling station where he sat, stranded. He looked straight into the camera and said he wanted “the world to come to an end, this moment. I want all of us to die – all.” He thought Nigeria was a wilderness with a succession of fake Moses leading the country from Egypt to Egypt. To the taxi driver,…