DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 4194

CBN Discloses Partnership with Google to Establish Nigerian Virtual Currency Museum

By
Tiamiyu Ismail
-
0

The Central Bank of Nigeria, CBN, has revealed its ongoing partnership with Google towards establishing a Virtual Currency Museum Gallery in Nigeria.

According to CBN’s Deputy Governor, Operations, Mr. Folashodun Shonubi, who disclosed this at the International Museums Day (IMD) celebration in Abuja, on Thursday, with this, members of the public could access the currency museum from the comfort of their homes or anywhere without having to be at the physical museum located in Abuja.

Mr Shonubi further noted that this year’s celebration tagged ‘’Museums, Sustainability and Well-being’’ was designed to link museums in making sure that our environments are sustained globally to make the world a better place. He made the following remarks:

“Thanks to technology, the Central Bank of Nigeria Currency Museum is working in collaboration with Google and our in-house Information Technology Department (|TD) establish a Virtual Reality Museum.

“This is an approach to connect with the global world for the public to sit back and relax within their comfort zone and view the artifacts on display.”

Also speaking at the event, the Director, Currency Operations of the CBN, Mr. Ahmed Umar said that museums’ vast collections offer almost infinite opportunities to share with visitors, “the ways in which the past informs the present and how the issues of the present can make the past relevant again.”

Mr. Umar added, “Works of art can speak so eloquently about what makes us human, what connects and divides us, what inspires and provokes us and how vital the impulse to make and create has always been across time and geographic boundaries. I believe this kind of perspective is one of the deep-seated needs of our society.

“Museums play an important role in the society.

“Technology has helped Museums in reaching beyond core audience to new publics. This has been shown in digitalization of collections, virtual tours or something as simple as a hashtag that allows visitors to share their experiences on social media.”

Umar also stressed on how the COVID-19 pandemic has necessitated an accelerated digital transitioning of the sector, stating the pandemic served as a catalyst for crucial innovations that have led to increased focus on digitization and the creation of new forms of cultural experience and dissemination.

“COVID-19 has provided a pivotal moment for our society, and we call on all Museums to embrace it and lead the change.

“The time is neigh to rethink our relationships with the communities we serve, to experiment with new and hybrid models of cultural fruition and to strongly reaffirm the essential value of museums for the construction of a just and sustainable future” Umar said.

Recent Survey Reveals Twitter’s Top Users Are Posting Less Since Musk Takeover

By
Ojukwu Emmanuel
-
0

A recent survey by Pew Research Center has revealed that Twitter’s top users have been posting less since Musk took over as the CEO of the micro-blogging company.

The Center’s new analysis of actual behavior on the site discovered that the most active users before Musk’s acquisition, defined as the top 20% by tweet volume, have seen a noticeable posting decline. These users’ average number of tweets per month declined by around 25% following Musk’s acquisition.

In the U.S. about six in ten who have used Twitter in the past year said they have recently taken breaks from the platform, and a quarter of the users disclosed that they will not use Twitter a year from now.

On average, adult Twitter users in the U.S. mentioned Musk in a tweet just once between Jan. 1 and April 13, 2022, before he announced his intention to acquire the platform. On the other hand, eight in ten of the most active adult Twitter users between Jan. 1 and April 14, 2022, have remained among the most active users in the months after Musk formally acquired the site in October 2022.

Recall that in November 2022, an analysis of Twitter accounts suggested that more than a million users left the platform in the week following Elon Musk’s takeover.

The firm Bot Sentinel, which tracks inauthentic behavior on Twitter by analyzing more than 3.1 million accounts and their activity daily, found that 11,535 accounts they were monitoring had been deactivated.

Elon Musk’s approach to managing Twitter since buying it has been as unpredictable as he has been carrying out a series of revamps on the social media platform. During his takeover of the company, Musk has downsized a huge percentage of the platform staff, floated a change to user verification, and is reportedly considering a number of moves that would represent a widespread overhaul of the service if carried out.

Also, his series of revamps have seen several companies which includes Audi, Volkswagen, and Pfizer suspend advertising on the platform over concerns about Musk’s content moderation plans. 

The number of global monthly users is predicted to fall by nearly 4% next year and 5% in 2024 more than 32 million in total in the first annual declines forecast by the market research agency Insider Intelligence since it began tracking the social media platform in 2008.

Following his reign as the CEO of the company, Elon Musk promised he would resign as Twitter’s chief executive when he finds someone “foolish enough to take the job”. The decision came after he promised to abide by the result of a Twitter poll which saw a massive amount of users vote ‘yes’ to him quitting the role. 

In a recent development, he has announced a new Twitter CEO Linda Yaccarino just six months after his controversial takeover of the social media company. Hopefully, her reign will lead to an increase in the engagement of Twitter users.

Details of Central Bank of Nigeria Pre-Shipment Inspection Agent (PIA) Portal Deployment Notice

By
Emmanuel Ifeanyi Ogbuka
-
0

The Central Bank of Nigeria (CBN) on the 15th of February,2023, released a notice on the deployment of the PIA portal to not only Pre-Shipment Inspection Agents (PIAs), but Monitoring and Evaluation agents (MEAs) , Authorized dealers, The Nigerian Customs Service (NCS), exporters and the general public. This article will be focused on the provisions of this notice which are as follows :-

– All PCIs/CCIs shall be electronically generated in the Stakeholder Verification Portal (SVP) from March 1,2023.

– All authorized dealers are required to ensure that :-

a). The processing of PCIs/CCIs by PIAs will be carried out on the SVP.

b). Exporters complete the Request For Information (RFI) form in accordance with the provisions of extant regulations via a link generated and sent via email by the SVP.

c). Exporters are to pay the NESS levy advised by PIAs on the PCIs/CCIs documents.

d). All e-NXPs established from March 1, 2023 are to be accompanied by electronic PCIs/CCIs.

e). All NXPs opened before March 1,2023 for which shipment has not taken place nor CCIs issued would also follow the new process.

f). All authorized dealer banks are enjoined to inform their customers on the provisions of the deployment directions for compliance.

Google to Delete Inactive Accounts Starting December

By
Samuel Nwite
-
0

Google said Tuesday it’s deleting accounts that have been inactive for two years, as part of efforts to curtail security risks they pose to its user base.

Starting in December this year, Google may delete an account if it has not accessed any of its variety of services for two years, the company wrote in a blog post.

The US-based tech giant, which hosts billions of accounts across its platforms, said accounts that have not been used for an extended period of time, are more likely to be compromised, weakening existing security measures.

“This is because forgotten or unattended accounts often rely on old or re-used passwords that may have been compromised, haven’t had two factor authentication set up, and receive fewer security checks by the user,” Google said in a blog post.

The move follows the recent announcement by Twitter CEO Elon Musk to purge the social media platform of accounts that have not been in use for long. But while Musk’s decision is understood to be about reducing spam, Google said it is taking the step to assuage security concerns that arise due to dormant accounts.

“Our internal analysis shows abandoned accounts are at least 10x less likely than active accounts to have 2-step-verification set up. Meaning, these accounts are often vulnerable, and once an account is compromised, it can be used for anything from identity theft to a vector for unwanted or even malicious content, like spam,” the company wrote in the blog post

The policy only applies to personal Google Accounts, and will not affect accounts for organizations like schools or businesses, Google said, adding that as part of the account deletion, it will also remove content the user has stored in Google Workspace, YouTube and Google Photos.

Google said that it will send multiple notifications over the months leading up to deletion of an account and start the purge with those that were created and never used again. The new inactivity policy also will not affect business accounts and those used by schools, Google said.

To keep your account active, Google said you should engage in activities such as reading or sending an email, using Google Drive, watching a YouTube video, downloading an app from the Google Play Store, signing in to a third-party app or service with a Google account or conducting a Google search while signed in, at least once in two years.

The plan will take a phased approach, starting with accounts that were created and never used again. Google said the policy will not immediately impact users with an inactive account. The company didn’t say whether it plans to recycle usernames of the affected accounts.

Pakistan Announces Ban on Crypto and Blockchain Related Activities

By
Paul Ugbede Godwin
-
0

Pakistan has recently announced its decision to ban cryptocurrency services and trading in the country, citing the need to prevent illegal digital currency transactions and comply with the Financial Action Task Force (FATF) conditions.The ban was partly in response to concerns over terrorism financing and money laundering, as Pakistan currently faces an economic crisis with high inflation and a growing debt burden.

The ban was announced by Minister of State for Finance and Revenue Aisha Ghaus Pasha, who said that cryptocurrencies will never be legalized in Pakistan. She said that the State Bank of Pakistan (SBP) and the Ministry of IT & Telecom have started work to block cryptocurrency services and websites dealing with the instrument in Pakistan. The Senate Committee on Finance also directed authorities to prohibit the use of cryptocurrencies in Pakistan.

The ban has sparked mixed reactions from the crypto community and the general public. Some have welcomed the move as a necessary step to protect the country’s financial system and national security, while others have criticized it as a backward and oppressive measure that stifles innovation and freedom.

According to some experts, the ban will have a negative impact on the country’s economy and society, as it will deprive people of an alternative and decentralized form of money that can hedge against inflation and currency devaluation. Pakistan’s rupee has slid 3.3% to an all-time low against the dollar of 300 per greenback last week, amid political turmoil and corruption allegations against former Prime Minister Imran Khan.

Moreover, the ban will also affect the growing number of crypto enthusiasts and investors in Pakistan, who have been using digital currencies as a way to access global markets and opportunities. According to Zeeshan Ahmed, country general manager at Rain Financial, a Gulf-based trading platform for cryptocurrencies, the annual trading volume for Pakistan-based wallets has gone up to $25 billion, up from $18 billion to $20 billion a year ago.

The ban will also hamper the development of the crypto industry and ecosystem in Pakistan, which has seen some promising initiatives and projects in recent years. For example, PakCoin, a local cryptocurrency launched in 2015, claims to have over 100,000 users and merchants across the country. Another example is Urdubit, Pakistan’s first bitcoin exchange, which was founded in 2014 and shut down in 2018 due to regulatory uncertainty.

The crypto ban in Pakistan is not a new phenomenon, as the country has been issuing warnings and restrictions on digital currencies since 2015. However, the latest announcement seems to be more definitive and sweeping than before, leaving little room for hope or compromise. The crypto community in Pakistan is now facing a dilemma: whether to comply with the ban and risk losing their assets and opportunities, or to defy it and risk facing legal consequences and penalties.

1...4,1934,1944,195...8,076Page 4,194 of 8,076

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy