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Banks To Charge 1% Value Or N5,000 Penalty For Unfunded Returned Cheques In Nigeria

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Nigerian banks can now charge customers 1% of value or N5,000 penalty for unfunded returned cheques. This starts May 1, 2017.

Updated Policy on Returned Cheques

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Dear Customer,

The Central Bank of Nigeria recently announced revised guidelines for charges on customer transactions including returned cheques.  

Starting May 1st, customers whose cheques are returned due to inadequate funds in their accounts will be required to pay either 1% of the value of thecheque or 5,000 (the higher amount will be charged).

Please note that this only applies to unfunded accounts. There will be no charge when your cheque is returned and you have funds in your account.

How To Apply For 2017 JAMB Direct Entry

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JAMB Direct Entry is mainly for those who already possess a diploma certificate and wish to go for a degree programme in any Nigerian university. Generally, students who gain admission into the university via direct entry will start from part 2 or 200 level in their college of choice.

All candidates should possess either of the diploma certificates listed as follows: Cambridge A Level, B Sc, HND, ICAN, ND, NCE, OND, and JUPEB IJMB. All the holders of the diploma certificates mentioned here would be admitted provided they possess the institution requirements and pass the direct entry examination.
Before you proceed, check: Mobile Application to Register for 2017 JAMB UTME & DE, Nigerian Universities that Accept Lower Credit for Direct Entry, JAMB Brochure, JAMB Direct Entry Registration Centres and 2017 JAMB Direct Entry Form Approved Selling Points.

he registration fee for the 2017 Direct Entry is Five Thousand Naira (?5,000) Candidates are also, as usual, to pay Five Hundred Naira (?500) only to obtain the reading text- ‘‘The Last Days at Forcados High School’ for Direct Entry Candidates.

Candidates ought to note that e-PINS being purchased are tied to individual pro?le and aren’t transferable. We strongly recommend candidates to keep their security details such as password/numbers of ATM Cards, registration numbers, E-Pins and e-mail addresses con?dential.

Each candidate must personally create a JAMB profile on the JAMB portal through JAMB Mobile App available on Android, Windows and iOS platforms OR on the JAMB portal: www.jamb.org.ng. Name. Date of birth, personal e-mail address, and place of origin are required to create the profile.

Each Candidate is to gather his e-slip at the final of registration as proof of the process made. As is the practice, centers are allowed to charge not more than Seven Hundred Naira (?700) only as registration. Any center that charges more than Seven Hundred Naira (?700) should be reported to JAMB for appropriate sanctions.

JAMB Direct Entry Registration Requirements

A minimum of ?ve (5) GCE/WASCE credits at less than 2 sittings with a minimum of 2 Principal or Advanced level C.E. Two passes at the IJMB Advanced Level Examination, Cambridge moderated Schools of Basic Studies Terminal Examination, JUPEB or Institute of Baccalaureate from recognized institutions with SSCE/GCE, NTS/NBC credits equivalent in three other subjects (subject to university requirements).

Passes in two major topics in the NCE with S.C.E., NTC/NBC credits or equivalents in THREE other subjects (mainly for Education Courses) and ND. For those taking courses in Education, this course can be accepted as a third A’ Level subject.

Minimum of lower credit grade in the National Diploma or National Innovation certificate together with the O’Level necessities. Candidates have to remember that they will be required to provide their JAMB registration number which they used while gaining admission to NCE, Diploma, etc. for Direct Entry admission.

Beggars In China Now Accepting Donations Via Mobile Payments And QR Codes

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This is today’s roundup of major news around the world

Modern day alms. Beggars in parts of China are now accepting donations via mobile payments and QR codes. But some have been hired as part of a marketing ploy to collect cellphone numbers for marketers.

Deeper trouble. A judge in San Francisco called for a criminal investigation of alleged stolen trade secrets by ride service Uber. In a ruling issued late on Thursday, U.S. District Judge William Alsup also partially granted rival Waymo’s request for an injunction against Uber’s self-driving car program

Tracking your every move. A spyware program that logged keystrokes was found installed in the audio driver software on two dozen models of Hewlett-Packard laptops. The company said that the collected data was never accessed and that it would issue an update this week to uninstall the app.

Apple’s Watch can detect an abnormal heart rhythm with 97% accuracy: This is just a study built on a preliminary algorithm, but it holds promise in trying to identify and prevent stroke in the future. (Atrial fibrillation, the most common abnormal heart rhythm, causes 1 in 4 strokes.) In the future, adding to wearable devices algorithms trained to identify heart problems could help save lives, Link

Nvidia Is Redesigning Computing With Volta, Deep Learning Institute And Dev Communities

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Intel Corp has a huge competitor. Nvidia is out to do in computing what software giants like Google and Apple did. It wants to bring developers in ways that apps makers support Google Play and Apple Store. That is the only way to succeed in the machine learning world and Nvidia wants to lead in the hardware aspect of that market.

Machine learning is sparking a new era in computing, according to Nvidia’s chief executive, who hopes that his latest GPU, Volta, becomes its favorite fuel.

The Volta announcement was the centerpiece of a two-hour keynote at GTC on “Powering the AI Revolution.” The annual Nvidia event attracted a record of more than 7,000 attendees, thanks to rising interest in using an expanding array of neural networks across a broadening horizon of applications from agriculture to pharmaceuticals and public safety.

Nvidia’s graphics processors hold a strong position in training neural nets for machine learning. “Every single cloud company in the world has Nvidia GPUs provisioned for a cloud service,” said founder and CEO, Jensen Huang.

Transforming Computing

Deep learning is “transforming computing” is the message that Nvidia hopes to hammer home at its GPU Tech conference. On that theme, Nvidia has styled itself as a firebrand, catalyst and deep learning enabler and — in the long run — a deep profiteer.

Among the telltale signs that Nvidia is betting its future on this branch of artificial intelligence (AI) is the recent launch of its “Deep Learning Institute,” with plans increase the number of developers to 100,000 this year. Nvidia trained 10,000 developers in deep learning in 2016.

Over the last few years, AI has made inroads into “all parts of science,” said Greg Estes, Nvidia’s vice president responsible for developer programs. AI is becoming an integral component of “all applications ranging from cancer research, robotics, manufacturing to financial services, fraud detection and intelligent video analysis,” he noted.

Nvidia needs to consider Nigeria and support the local companies like Zenvus. We will be happy to use its chips in future Zenvus designs.

ATTEND & APPLY: MasterCard FDN Unveiling $13 Million Youth Agriculture Lab In Nigeria, Other

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This is an opportunity for young people interested in developing skills on agriculture.

The MasterCard Foundation is partnering with Michigan State University (MSU) for the AgriFood Youth Opportunity Lab, a five-year, $13 million collaboration.

This partnership will support 15,000 young people aged 18 to 24 in major bread basket food shed regions surrounding Lagos and Dar es Salaam to access employment and entrepreneurship opportunities. AgriFood Youth Opportunity Lab will encourage youth to participate in the fast-growing horticulture, aquaculture, poultry, cassava and oilseed sectors in Nigeria and Tanzania. The partnership will also assist economically disadvantaged, hard-to-reach out-of-school youth as they transition into employment and entrepreneurship opportunities in the agrifood system.

The MasterCard Foundation and Michigan State University will launch this initiative at the AgriFood Youth Opportunity Lab Private and Public Sector Plenary and Launch Reception

WHEN: Monday, May 15, 2017 from 4:00 P.M. – 5:30 P.M.
Press conference at 5:30 P.M.

WHERE: Radisson Blu Anchorage Hotel
Ozumba Mbadiwe Street, Victoria Island

You may attend to learn more about this program and possibly apply.