The  Nigeria stock market witnessed fluctuating performance on Thursday as profit-taking across key equities resulted in a marginal decline.

 The All-Share Index (ASI) dipped by 0.06%, closing at 98,114.11 points from 98,174.99 points on Wednesday, erasing N36.90 billion in market capitalization to settle at N59.48 trillion. Despite this, the year-to-date gain remains strong at 31.21%. Profit-taking affected WAPCO (-2.05%), ACCESSCORP (-1.84%), ZENITHBANK (-1.68%), ARADEL (-1.48%), and FBNH (-0.38%). Market breadth was positive at 0.25x, with 34 gainers, 16 losers, and 72 unchanged stocks. Highlights included UPL leading gainers, REDSTAREX topping losers, and fresh 52-week highs for CORNERST, GOLDBREW, and NCR.





President Bola Tinubu's unwavering stance on advancing controversial tax reform bills has triggered strong criticism from Northern leaders, lawmakers, and political groups, accusing him of bypassing proper consultation and due process.

The backlash underscores rising tensions between the presidency and regional stakeholders, who are concerned about the potential economic impact of the proposed reforms.

During his inaugural media chat in Lagos, Tinubu defended the bills, stressing the urgent need to overhaul Nigeria's outdated tax system. However, his assertion that the reforms are “non-negotiable” has provoked sharp reactions, particularly from Northern representatives, who view the approach as dismissive of legislative procedures.

Senator Mohammed Onawo, representing Nasarawa South, accused the President of undermining the legislative process. “As a former legislator, the President should understand that bills must undergo thorough legislative scrutiny. Declaring the reforms final without legislative input compromises the integrity of the National Assembly,” he said.

The controversy has sparked heated debates in political circles, with calls for broader dialogue to ensure that the reforms reflect the diverse interests of Nigeria's regions.



Nigerians have voiced growing frustration over the federal government's failure to deliver on critical promises made earlier this year. These commitments, aimed at mitigating the economic strain caused by policies like the removal of petrol subsidies and the unification of foreign exchange rates, have left citizens struggling with soaring living costs.

One of the most anticipated promises was the suspension of taxes and duties on essential food imports. Announced in July as a relief measure, the policy offered a 150-day duty-free window for staples such as rice, maize, and wheat. However, the failure to implement this measure has deepened public disappointment.





Cash circulating outside Nigeria’s banking system surged to an unprecedented N4.2 trillion in October 2024, a sharp rise from N792 billion in January 2023. This growth reflects the ineffectiveness of the Central Bank of Nigeria’s (CBN) policies aimed at curbing excess liquidity. Currency in circulation also climbed to N4.5 trillion during the same period, underscoring the increasing reliance on cash outside formal financial channels.

Nigerians’ preference for cash transactions is partly fueled by persistent challenges in accessing money through Automated Teller Machines (ATMs). Many ATMs remain out of service or plagued by long queues, forcing individuals to depend on Point-of-Sale (POS) operators for withdrawals. However, this alternative often comes at a steep price, with fees ranging from 5% to 10% per transaction.

Despite the CBN’s hawkish monetary stance, including frequent increases in the Cash Reserve Ratio (CRR), the demand for physical cash remains unabated. This trend raises questions about the effectiveness of current policies and the need for innovative approaches to address the liquidity crisis and restore confidence in Nigeria’s banking system.



As the festive season approaches, airfares for flights to Southeast Nigeria have hit unprecedented highs, with return tickets soaring to N700,000, leaving passengers in distress.
 Many travelers, particularly those headed to Anambra, Owerri, and Enugu, are struggling with the steep prices, leading some to reconsider air travel in favor of road transportation despite security concerns.
Moses Ogunlade, a businesswoman planning a trip for her family of five, revealed she would need nearly four million Naira to cover the costs of their air travel from Lagos to Owerri and their village. "Many of our friends, who initially wanted to fly, are now opting to go by road, despite the risks," she said.
BusinessNG investigation revealed that major airlines, including Air Peace, United Nigeria Airline, and Ibom Air, are charging exorbitant rates for flights to the Southeast

Today's edition highlights the worsening economic strain faced by Nigerians as the Christmas season approaches, with a deepening cash crisis severely impacting daily life, particularly in rural areas. Limited access to banking services, unreliable mobile networks, and cash scarcity are creating unprecedented challenges for individuals and businesses alike.

Healthcare systems are overwhelmed, with hospitals turning away patients and women resorting to home births due to a lack of payment options. Small businesses in food and retail sectors report dwindling sales as consumers struggle to secure basic necessities.

Exploitation by Point-of-Sale (PoS) operators, who impose exorbitant fees for cash withdrawals, coupled with banks rationing cash to N10,000 per transaction, is further aggravating public discontent. Promises of improved banking infrastructure have not alleviated the crisis, as mobile banking apps frequently malfunction, leaving many stranded without access to their funds

Governors Back State Police as NEC Prepares Final Decision

The creation of state police gained significant traction during the National Economic Council (NEC) meeting chaired by Vice President Kashim Shettima on Thursday. Thirty-six states presented their recommendations, with a majority endorsing the initiative.

Kaduna State Governor, Uba Sani, disclosed this development while addressing State House correspondents. He noted that the council would finalize its position on the matter at the next NEC meeting scheduled for January 2025.

“At today’s NEC meeting, we discussed updates on the creation of state police,” Sani said. “About 35 states have already submitted their recommendations, and the majority are in favor of the establishment of state police in Nigeria. However, the council decided to defer discussions to the next meeting to review a comprehensive report from the secretariat.”

The proposal for state police has been a recurring topic at NEC meetings, with debates intensifying over its potential to address Nigeria's growing security challenges. While states like Kwara, Kebbi, and Adamawa had delayed their submissions earlier in November, recent developments indicate broad consensus among governors.

Sani further explained that the council resolved to conduct additional stakeholder engagements to ensure inclusive decision-making. “The secretariat has agreed on further consultations after the panel deliberations, ensuring a robust framework for the state police initiative,” he added.



Interbank rates have surged in Nigeria’s money market, highlighting the mounting liquidity pressure within the financial system. The short-term benchmark interest rates have continued on an upward trend as banks strive to meet daily funding requirements amidst tightened liquidity.

The liquidity strain has driven local banks, especially tier-2 lenders, to rely more heavily on the Central Bank of Nigeria's (CBN) borrowing window, where interest rates have risen above 32%. This reflects the ongoing challenge for institutions with weaker liquidity buffers.

On Tuesday, liquidity pressures intensified as substantial Open Market Operations (OMO) auction settlements drained the system, overshadowing the ₦101.8 billion inflow from maturing OMO bills. The settlement of ₦1.6 trillion in auctioned OMO bills further exacerbated the liquidity deficit.

Data from Cowry Asset Limited showed that while the Nigerian Interbank Offered Rate (NIBOR) declined across most maturities, overnight rates spiked, signifying acute illiquidity. The FMDQ platform confirmed that the Overnight Policy Rate (OPR) climbed by 0.68% to 32.07%, while the Overnight Lending Rate (O/N) increased by 0.82% to 32.82%

The Nigerian equities market ended Tuesday's session slightly bearish as profit-taking reversed gains from the prior day. The All-Share Index (ASI) edged down 0.03% to 97,702.56 points from Monday's 97,733.03 points, reflecting an N18.47 billion loss in market capitalization, which settled at N59.23 trillion.
Decliners: ARADEL (-8.72%), UACN (-2.44%), INTBREW (-2.44%), and STERLINGNG (-1.04%).
Advancers: 28 stocks posted gains against 22 losers, maintaining positive market breadth. Notable gainers included GOLDBREW, while SOVRENINS led the losers' chart.

52-Week Movements: WAPCO, SUNUASSUR, and CORNERST traded above their 52-week highs, while AUSTINLAZ fell to a new low of N1.88.





Nigeria’s federal government is facing increasing backlash from retirees as the struggle to clear a 21-month backlog of pension payments intensifies. Pensioners under the Contributory Pension Scheme (CPS) have expressed frustration over the government’s inability to meet its obligations, despite recent improvements in key economic sectors.
The Office of the Accountant General of the Federation (OAGF) has acknowledged the situation, explaining that pension payments are contingent on the availability of funds. In a recent memo to the National Union of Pensioners, the OAGF confirmed that allocations for the first half of 2024 had been released, but further disbursements remain uncertain, dependent on the availability of resources.
The unpaid pension liabilities have left retirees struggling financially, with many relying on the timely release of funds for basic living expenses. The union has demanded the immediate payment of the 21-month accrued rights from March 2023 to November 2024, as well as the long-overdue pension increments, including the 15% increase promised in 2007, 33% from 2010, and a 20-28% increase expected in 2024

Port Harcourt Refinery Resumes Operations, Fuel Price Drop Expected

The Port Harcourt Refinery has resumed operations, sparking optimism for a potential reduction in fuel prices by December. The Nigerian National Petroleum Company Limited (NNPC) confirmed on Tuesday that the Old Wing of the refinery has begun processing up to 60,000 barrels of crude oil daily.

This milestone is seen as a significant move towards reducing Nigeria’s dependence on imported petroleum products and mitigating the soaring cost of fuel.

Presidential spokesperson Sunday Dare announced via his official X handle that approximately 200 trucks are now expected to load refined products from the facility, underscoring the refinery's pivotal role in meeting local demand.




In 2023, Lagos State emerged as the highest performer in Nigeria’s Internally Generated Revenue (IGR) rankings, generating an impressive N840 billion, a figure far surpassing that of any other state. 
Rivers followed closely with N203 billion, while Ogun State reported N146 billion, reinforcing the success of these states in building strong revenue generation structures. 
Delta and Kaduna states were also notable contributors, with IGRs of N99 billion and N62 billion, respectively.
Despite the impressive performances from these states, the data also highlights a concerning trend in Nigeria’s fiscal landscape. While a few states continue to show strong fiscal health, a significant number of states are struggling to generate sufficient local revenue. Edo, Oyo, and Kwara states brought in N59 billion, N51 billion, and N48 billion in IGR, respectively, signaling a gap in their revenue-generation capacities


Dangote Refinery has resumed the purchase of crude oil from the United States to ramp up refining capacity and production.
According to a Bloomberg report on Wednesday, the cargo conveying two million barrels of WTI Midland crude from Chevron Corp. is due to be delivered to the refinery next month.
The new purchase comes after a three-month hiatus in purchasing crude from foreign countries, focusing instead on domestic supply.
The latest development may be an indication that the naira-for-crude deal by the federal government may have stalled or that the refinery is not getting enough crude supply from the Nigerian National Petroleum Company Limited.
Dangote refinery purchased its first shipment of US oil after a hiatus of three months as the site continues to ramp up production.
“The plant purchased about two million barrels of WTI Midland crude from Chevron Corp.,” the report said

The Nigerian Naira has depreciated 438% in six years, plunging from N307 to N1652 per US Dollar. This has fueled 32.7% inflation, up from 11.4% in 2019. The decline is attributed to structural economic weaknesses, dwindling foreign exchange reserves, and global economic pressures. The situation has eroded purchasing power, deepened poverty, and worsened living standards.

 N20m fine,  jail terms for Ponzi operators
.... as Akpabio urges robust investment environment

In a bid to ensure that illegal fund managers are not allowed to fleece unsuspecting Nigerians of their hard earned funds, the Securities and Exchange Commission is introducing an express prohibition of Ponzi/Pyramid Schemes and other illegal investment schemes.

These and others are contained in the Investments and Securities Bill (ISB) 2024 currently before the National Assembly.

The Bill proposes that promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20,000,000 or imprisonment to a term of 10 years or both.

In his opening remarks at the Public Hearing held Thursday in Abuja, President of the Senate, Senator Godswill Akpabio, said the Investment and Securities Bill 2024 is not merely a legislative document; but a beacon of hope for the nation's economic landscape


At the 2024 International Financial Inclusion Conference, Central Bank of Nigeria (CBN) Governor highlighted financial inclusion as the “fulcrum upon which Nigeria’s economic growth rests,” signaling its critical role in transforming the nation into a $1 trillion economy. Speaking to a gathering of policymakers, international partners, and financial leaders, the Governor stressed that integrating millions of unbanked Nigerians into the formal financial system would unlock widespread economic benefits.

“Financial inclusion isn’t just a financial matter; it’s foundational to our national development,” the Governor declared, citing statistics from a recent survey revealing that 26% of Nigerian adults are financially excluded. This gap, he noted, constrains individuals and businesses from accessing essential services like credit and insurance, thereby stifling economic growth.

To address these barriers, the CBN has implemented ambitious policies through its National Financial Inclusion Strategy, launched in 2012. Recently, it introduced new minimum capital requirements for banks to strengthen their ability to serve underserved communities. “A well-capitalized banking sector is critical for supporting the MSMEs that form the backbone of our economy,” he said, emphasizing that MSMEs create over 80% of jobs in Nigeria but often lack access to the credit necessary for expansion.

The Governor also highlighted digital financial services as a game-changer, allowing millions in rural and underserved areas to access financial services via mobile technology. This, he noted, is especially impactful for women and youth, who are disproportionately excluded from formal finance but show high potential for entrepreneurial contributions.

Ending his address with a call to action, the CBN Governor commended the efforts of financial inclusion partners and underscored the need for continued collaboration across sectors to ensure that Nigeria’s growth is inclusive and far-reaching


NDIC Begins Sale of Heritage Bank’s Properties to Fund Liquidation Dividends for Uninsured Depositors

In a move aimed at ensuring a swift declaration of liquidation dividends to uninsured depositors, the Nigeria Deposit Insurance Corporation (NDIC) has initiated the sale of Heritage Bank’s landed properties and chattels.

This sale follows the NDIC’s authority under Section 62 (1)(d) of the NDIC Act, 2023, granting it powers to liquidate failed banks. The exercise follows an earlier sale of the bank’s assets in leased locations across Nigeria. Commencing December 4, 2024, the sales will span 36 locations and employ a competitive bidding process to maximize asset recovery, thus facilitating compensation for eligible claimants.
To prioritize financial inclusion, the NDIC will favor financial institutions that bid at top prices and can continue financial services at these properties. However, the auction remains open to all qualified corporate bodies and private individuals, ensuring transparency and fair competition.
Prospective buyers are invited to inspect the assets beforehand, with a required 10% bid security deposit for sealed bids, submitted at designated NDIC offices in Abuja, Lagos, Bauchi, Kano, Enugu, and Port Harcourt.


President Bola Ahmed Tinubu's N200 Billion Intervention Fund Programme: A Boost to Nigeria's Industrial Sector

Since assuming office, President Bola Ahmed Tinubu has taken significant steps to bolster Nigeria's industrial and manufacturing sectors. One of the key initiatives is the N200 billion Presidential Intervention Fund Programme, aimed at supporting micro, small, and medium scale enterprises (MSMEs) and manufacturing companies. This programme is a testament to the president's commitment to driving economic growth and job creation.

The fund is divided into three components: the Presidential Conditional Grant Scheme (PCGS), the FGN MSME Intervention Fund, and the FGN Manufacturing Sector Fund. The PCGS provides N50,000 grants to nano-business owners, especially women and young people, across all local government areas. The FGN MSME Intervention Fund offers loans of up to N1 million to at least 75,000 beneficiaries, while the FGN Manufacturing Sector Fund provides support to eligible manufacturing businesses with loans of up to N1 billion


Nigeria's external debt service obligations have risen sharply, reaching US$1.1 billion in the first quarter of 2024, a 40% year-on-year increase. 
This surge in debt servicing costs has raised concerns among economists and financial experts, who warn of the growing financial strain caused by the country's rising external debt and the steep depreciation of the Naira.
The breakdown shows that US$288 million of the debt service went toward market debt, while US$832 million was allocated to non-market debt, primarily loans from multilateral and bilateral lenders.
 The increase is largely attributed to principal repayments amounting to US$679 million, with US$551 million directed to multilateral lenders and US$128 million to bilateral lenders.
In local currency terms, the US$1.1 billion in debt service payments translates into N1.49 trillion, surpassing the federal government’s Q1 2024 revenue of N1.37 trillion. This has resulted in a concerning external debt service-to-revenue ratio of 108%

*Nigerians Seek Transparency in Government's N625Bn Aid Distribution*

The Nigerian government's recent claim that it has distributed N625 billion to 25 million citizens has sparked outrage and skepticism among the public ¹. The announcement, made by the Minister of Finance alongside President Bola Tinubu, was intended to alleviate economic hardships, but has instead raised concerns over transparency and accountability ¹. Many citizens are questioning the legitimacy of the process and the identities of the purported beneficiaries, with some even alleging corruption against government officials ¹.

Critics are demanding evidence of the beneficiaries, asking, "Where are the 25 million Nigerians?" ¹. The government's assertion that many beneficiaries lack bank accounts has not mitigated skepticism, and the requirement for all Nigerians to have a National Identification Number (NIN) has raised further questions ¹. With the public demanding clarity regarding the distribution process and proof that assistance has reached those in need, the government faces urgent demands for transparency ¹.



Labour Warns FG of Imminent Unrest over Fresh Petrol Price Hike

On the heels of the recent unprecedented hike in the pump price of Premium Motor Spirit (PMS), the organised Labour on Wednesday, frowned at the latest hike, saying it was over-stretching Nigerians.
It advised the government to be wary of the silence of Nigerians in the midst of excruciating hardship and misery being inflicted on them, saying even a goat can bite when pushed to the wall.
This is even as an employer group, the Chemical and Non-Metallic Products Employer’s Federation, CANMPEF, said the petrol price increases, occasioned by subsidy removal, had led to an increase in transportation/logistics, production costs, the decline in household income and purchasing power.
Labour’s warning came on a day the Independent Petroleum Marketers Association of Nigeria, IPMAN, said its members wait for days to load petrol from Dangote Refinery in Lagos, despite paying N40 billion to the Nigerian National Petroleum Company Limited, NNPCL

*Nigerians Call for Power Minister's Sacking as Outage Lingers

Nigerians are demanding the removal of Power Minister Adebayo Adelabu due to an 11-day power outage in Northern states ¹. The President of the Nigeria Consumer Protection Network, Kunle Olubiyo, and the Lead Director of the Centre for Social Justice, Eze Onyekpere, are among those calling for Adelabu's sacking ¹. The outage has caused widespread disruption, with residents of Kaduna and other parts of Northern Nigeria crying out that the blackout has grounded businesses in the region ¹.

Nigeria Aims to Launch Diaspora Bond in the US to Reach $1 Billion in Monthly Remittances 

Nigeria is considering launching a diaspora bond in the United States to achieve its goal of $1 billion in monthly remittance inflows. The Central Bank of Nigeria's governor, Olayemi Cardoso, announced this during an interview with Reuters in Washington, DC. Cardoso noted that Nigerians abroad are eager to invest in their home country, and the government's recent reforms have already led to a significant increase in remittances. The diaspora bond, which could be launched in 2025, aims to tap into the investment appetite of Nigerians living in the United States, who are keen to invest in assets and businesses back home.


FG Announces Plan to Increase Value-Added Tax (VAT) Rate to 15%



In a move aimed at boosting local revenue mobilization and strengthening public finance buffers, the Federal Government of Nigeria has announced plans to increase the Value-Added Tax (VAT) rate from 7.5% to 15%. This significant hike is part of a broader effort to address the country's low revenue profile and improve tax compliance, particularly in the area of company income tax.

According to a document prepared by the Ministry of Finance, the government intends to "progressively increase the VAT rate from 7.5% to 15%." This move is expected to help Nigeria achieve an 18% tax-to-GDP ratio, which is the average across major economies in Africa. Currently, the country's tax-to-GDP ratio stands at 10%, one of the lowest in the Sub-Saharan Africa region.

The planned increase in VAT rate has been a topic of discussion for several months, with rumors circulating about a potential hike. In September, the Minister of Finance, Wale Edun, denied plans to increase the VAT rate to 10%, following criticism from Nigerians, including former Vice President Atiku Abubakar.

However, the latest announcement confirms that the government is moving forward with its plan to increase the VAT rate. The World Bank has also advised the federal government to raise the VAT rate to increase non-oil revenue and strengthen fiscal resources.



Telcos Threaten to Disconnect Banks from USSD Services Over N250bn Debt

The CEO of MTN Nigeria, Karl Toriola, has warned that telecommunication companies (telcos) may disconnect banks from the unstructured supplementary service data (USSD) platform due to a debt of N250 billion. USSD, also known as quick or feature codes, is a global system for mobile communications (GSM) protocol used for financial transactions. The debt has been accumulating since 2019, and telcos have been seeking a tariff adjustment to reflect the realities of the economy.

Toriola stated that the debt has become unsustainable for the operators and may lead to a disconnection of banking services on the USSD platform, subject to regulatory approval. He expressed optimism that the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) would resolve the impasse soon.

The telecom sector is facing a critical situation, with MTN and other operators struggling to maintain profitability due to naira devaluation, inflation, and rising costs. Toriola warned that if the government does not approve a tariff adjustment, the company may shut down, and the industry may collapse.


FG, States, LGs Share N1.298trn September Revenue



The Federal Government, States, and Local Government Councils have shared a total sum of N1.298 trillion for the month of September 2024. This revenue distribution was announced at the October 2024 meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja.

According to the communiqué issued by FAAC, the total revenue of N2.258 trillion was available in September 2024. However, total deductions for cost of collection, transfers, interventions, and refunds amounted to N878.946 billion, leaving a net distributable revenue of N1.298 trillion.

The breakdown of the distribution shows that the Federal Government received a total sum of N424.867 billion, while the State Governments received N453.724 billion. The Local Government Councils received N329.864 billion, and a total sum of N90.415 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue



In a bid to protect its residents from the scourge of preventable diseases, the Lagos State Government (LASG) has launched a massive immunization drive in partnership with the United Nations Children's Fund (UNICEF). The campaign, which kicked off on October 19th, aims to immunize 18 million Lagos residents against measles, yellow fever, and other vaccine-preventable diseases.

According to the Permanent Secretary, Lagos State Primary Healthcare Board, Abimbola Bowale, the goal of the exercise is to achieve herd immunity by ensuring that at least 95% of the eligible population receive the measles vaccine and 80% receive the yellow fever vaccine. He emphasized that the activities are not merely operational tasks but life-saving interventions that contribute to the health and well-being of future generations.

The State Immunization Programme Coordinator, IPC for Lagos State Primary Healthcare Board, Adetola Akinpelu, noted that the outbreaks show an immunity gap in the community, which the state-wide immunization activity aims to close while ramping up routine immunization processes in the states.

UNICEF Social and Behavioural Change Specialist, Aderonke Akinwole, said the fund intends to employ the help of journalists to combat myths through credible and easy-to-understand content, which will promote and increase vaccine trust and acceptance. She noted that measures are in place in collaboration with the Lagos State Government to deploy qualified personnel, potent vaccines, and other equipment to ensure the success of the exercise.


The compulsory taxpayer identification number (TIN) for individuals in Nigeria has sparked intense debate ¹. The policy aims to broaden the tax net and increase revenue, but critics worry about potential privacy violations, increased surveillance, and the burden on small businesses and individuals ¹.

Individuals and business entities chargeable under different conditions as prescribed by the government are required to have a TIN ¹. The Federal Inland Revenue Service (FIRS) established the TIN in 2008 to enhance accountability of tax revenue ¹. The TIN is a dynamic consecutive set of numbers generated electronically to all forms of taxpayers, made up of individuals and corporate bodies ¹.

Supporters argue that the TIN will enhance taxpayer identification and registration, bring more taxpayers into the tax net, minimize errors and mistakes associated with manual registration, and reduce multiple taxations ¹. However, critics are concerned about the potential impact on privacy and the additional burden on individuals and small businesses 

what we are focusing on today 

Banks' Tech Upgrade Causes Service Disruptions Nationwide

Nigerian bank customers are experiencing service disruptions nationwide as banks embark on a massive technology upgrade. The upgrade, which aims to improve operational efficiency and enhance customer experience, has already caused disruptions for customers of several banks.

Industry sources say that the upgrade is a necessary evil, as banks need to strengthen their technology infrastructure to keep up with the increasing demand for digital banking services. However, the upgrade process is complex and time-consuming, involving the migration of customer data and integration with various channels such as ATMs, USSD, and internet banking.

Customers are advised to be patient and prepare for potential disruptions to their banking services in the coming weeks and months. Banks are working hard to minimize the impact of the upgrade on customers, but some disruptions are unavoidable.

The upgrade is expected to bring several benefits to customers, including improved security, faster transaction processing times, and enhanced mobile banking services. However, the short-term pain of service disruptions is causing frustration for many customers.

"We apologize for the inconvenience caused by the upgrade," said a spokesperson for one of the affected banks. "We are working hard to complete the upgrade as quickly as possible and minimize the impact on our customers."

In the meantime, customers are advised to plan ahead and make alternative arrangements for their banking needs. The upgrade is expected to be completed within the next few weeks, and customers will be notified as soon as the upgrade is complete.

Some customers have taken to social media to express their frustration with the service disruptions. "I can't believe my bank is doing this to me," said one customer on Twitter. "I need to pay my bills and I can't even access my account."



This week Edition focuses on the Time for CBN to Take Action especially on the frequency fail network

The frequent breakdown of bank services in Nigeria is a clear indication that the CBN needs to take action. Customers deserve better services, and it's time for the CBN to regulate the banking sector effectively.
"We can't continue to suffer because of the CBN's inaction," said another customer. "We need reliable bank services to conduct our daily business."
The CBN needs to take decisive action to address the frequent breakdown of bank services in Nigeria. This includes regulating banks, investing in technology, enhancing cybersecurity, and providing better customer support. By taking these steps, the CBN can ensure that bank customers receive the reliable and efficient services they deserve

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11. HİZMET VE TÜM YAYINLAR 'OLDUĞU GİBİ' VE 'MEVCUT OLDUĞU GİBİ' TEMELİNDE SUNULUR. MAGZTER, İŞTİRAKLERİ, TEDARİKÇİLERİ, LİSANS VERENLER VE TEMSİLCİLERİ, SATILABİLİRLİK, BELİRLİ BİR AMACA UYGUNLUK VE İHLAL ETMEME İLE İLGİLİ ZIMNİ GARANTİLER DAHİL ANCAK BUNLARLA SINIRLI OLMAMAK ÜZERE, AÇIK VEYA ZIMNİ HER TÜR GARANTİYİ AÇIKÇA REDDEDER. YUKARIDA BELİRTİLENLERİ SINIRLAMAKSIZIN, MAGZTER NE BAĞLI KURULUŞLARI, TEDARİKÇİLERİ, LİSANS VERENLER VEYA TEMSİLCİLERİ (I) HİZMETİN GEREKSİNİMLERİNİZİ KARŞILAYACAĞINA, (II) HİZMETİN KESİNTİSİZ, ZAMANINDA, GÜVENLİ VEYA HATASIZ OLACAĞINA, ( III) HİZMETİN KULLANIMINDAN ELDE EDİLECEK VEYA YAYINLARDA BULUNABİLECEK BİLGİLERİN DOĞRU VEYA GÜVENİLİR OLACAĞI VEYA (IV) HERHANGİ BİR YAYININ VEYA HİZMETİN KALİTESİ BEKLENTİLERİNİZİ KARŞILAYACAKTIR. GÜVENİLİR İNTERNET BAĞLANTISI VE CİHAZINIZI SAĞLAMAK VE SÜRDÜRMEKTEN YALNIZCA SİZ SORUMLUSUNUZ. MAGZTER, İÇERİĞİ İNDİREMEZSENİZDEN SORUMLU DEĞİLDİR. HİZMETİN KULLANIMIYLA İNDİRİLEN VEYA BAŞKA BİR ŞEKİLDE ELDE EDİLEN HERHANGİ BİR MALZEME, KENDİ TAKDİRİNİZDE VE RİSKİ SİZE AİTTİR VE BİLGİSAYAR SİSTEMİNİZDE VEYA MOBİL CİHAZINIZDA BU TÜR MATERYALİN İNDİRİLMESİNDEN KAYNAKLANAN HERHANGİ BİR HASARDAN VEYA VERİ KAYBINDAN YALNIZCA SİZ SORUMLU OLURSUNUZ. MAGZTER'DEN VEYA HİZMET ARACILIĞIYLA VEYA HİZMETTEN ELDE ETTİĞİNİZ SÖZLÜ VEYA YAZILI HİÇBİR TAVSİYE VEYA BİLGİ HERHANGİ BİR GARANTİ OLUŞTURMAZ.

2. Bu bilgileri doğru, doğru, güncel ve eksiksiz tutmak için koruyacak ve derhal güncelleyeceksiniz. Hesabınızın ve parolanızın gizliliğini korumaktan ve bilgisayarınıza erişimi kısıtlamaktan siz sorumlusunuz ve tüm içerik ve hizmetlerin seçimi ve kullanımı da dahil olmak üzere hesabınız altında gerçekleşen tüm faaliyetlerin sorumluluğunu kabul ediyorsunuz.

3. Magzter.com veya web sitesi ve uygulamadaki içeriğin oluşturulması, üretilmesi ve dağıtılmasında yer alan herhangi bir kişi veya kuruluş veya üçüncü taraf, aşağıdakiler dahil ve bunlarla sınırlı olmamak üzere hiçbir zarardan sözleşmede veya yasal olarak sorumlu tutulamaz: Magzter.com'u kullanırken veya kullanırken maruz kaldığınız doğrudan, dolaylı, tesadüfi, özel ve sonuç olarak ortaya çıkan. Web sitesine kayıt olarak veya uygulamayı indirerek, bu bölümde belirtilen hükümlerin web sitesi ve uygulamadaki tüm kullanım ve içerikler için geçerli olacağını kabul etmektesiniz.

3. Burada yayınlanan her şey Magzter'in veya lisans verenlerinin mülkiyetinde olduğundan, Magzter'in önceden yazılı veya yetkili izni olmaksızın, Magzter'den alınan hiçbir içeriği değiştirmemeli, kopyalamamalı, dağıtmamalı veya satmamalısınız. Bu tür yetkisiz kullanım, telif hakkı ve ticari marka yasaları dahil olmak üzere yürürlükteki yasaları da ihlal edebileceğinden, Magzter bunları kesinlikle yasaklar ve bu tür yasa dışı faaliyetlerin kanıtlanması veya tespit edilmesi durumunda erişiminizi ve hesabınızı sonlandırır. Bu yetkisiz faaliyetlerden kaynaklanan zararlardan da sorumlu olmalısınız. Yayının yasal sahibinin izin verdiği durumlar dışında, Hizmet aracılığıyla erişilen Yayınları indirerek herhangi bir mülkiyet hakkı elde etmediğinizi kabul edersiniz. Telif hakkı yasasının açıkça gerektirdiği veya Hizmetin özelliklerinin izin verdiği durumlar dışında, değiştiremez, tersine mühendislik uygulayamaz, yayınlayamaz, iletemez, görüntüleyemez, devir veya satışına katılamaz, türev çalışmalar oluşturamaz veya herhangi bir şekilde ticari olarak kullanamaz veya sağlayamazsınız. Magzter'in ve söz konusu içeriğin sahibinin açık izni olmaksızın Uygulamanın, Yayınların veya bunların herhangi bir bölümünün içeriğinin üçüncü taraflarca paylaşılması. Size, Magzter veya Magzter'e lisans verenlerin fikri mülkiyetine ilişkin açık veya zımni herhangi bir lisans vermiyoruz.

5. Magzter.com'un diğer kullanıcılara veya üçüncü taraflara veya içeriklerine yönelik herhangi bir iftira niteliğinde veya saldırgan veya yasa dışı davranıştan sorumlu olmadığını ve bunlardan kaynaklanan yaralanma riskinin tamamen size ait olduğunu özellikle kabul etmektesiniz.

 7. Magzter, bu hüküm ve koşullara ve Magzter tarafından belirlenen diğer işletim kurallarına uyup uymadığınızı belirlemek amacıyla sizin tarafınızdan yayınlanan ve girilen içeriği izleme hakkını saklı tutar. Magzter, içerikle ilgili kararlar alma ve bunları kendi isteğiyle silme hakkına sahiptir.

8. Magzter, Yayınların yayıncısı DEĞİLDİR, distribütörüdür ve bu nedenle Magzter'in, dergilerde temsil edilen görüşler, tavsiyeler, beyanlar, hizmetler, teklifler vb. dahil olmak üzere içerik üzerinde herhangi bir editoryal kontrolü yoktur. Bu nedenle Magzter, resmi sıfatlarıyla hareket eden yetkili Magzter çalışanları dışında herhangi biri tarafından sağlanan veya hizmet aracılığıyla sunulan herhangi bir bilgi veya olgunun doğruluğu veya güvenilirliği konusunda sorumluluk almayacaktır. Buna göre, Yayınlar üzerinde herhangi bir editoryal kontrolümüz yoktur. Hizmet tarafından sunulan Yayınlarda yapılanlar da dahil olmak üzere, üçüncü şahıslar tarafından ifade edilen veya kullanıma sunulan her türlü görüş, tavsiye, beyan, hizmet, teklif veya diğer bilgi veya içerik, ilgili yazar(lar)a veya yayıncı(lar)a aittir ve üçüncü taraflara ait değildir. Magzter. Magzter, Hizmet aracılığıyla veya Yayınlardan elde edilen bilgilere güvenmenizden kaynaklanan herhangi bir kayıp veya hasardan sorumlu olmayacaktır. Hizmet, diğer İnternet sitelerine ve üçüncü taraf kaynaklara bağlantılar içerebilir ve Magzter, bu tür bağlantılı sitelerde bulunan iletişim veya materyaller için herhangi bir sorumluluk veya yükümlülük kabul etmez. Bu bağlantılar yalnızca size kolaylık sağlamak için sağlanmıştır. Üçüncü taraf bir siteyi ziyaret ettiğinizde veya bu site aracılığıyla sipariş verdiğinizde geçerli olabilecek tüm hüküm ve koşulları anlamaktan yalnızca siz sorumlusunuz.

 Platformumuzdaki bağlantısı da dahil olmak üzere sakıncalı içeriğin ayrıntıları

 En sevdiğiniz kitapları indirin ve çevrimdışı, her zaman ve her yerde okuyun

 Sevdiklerinize anında bir Magzter Hediye Kartı hediye edin ve onlara en çok satan binlerce başlık arasından en sevdikleri dergi ve gazeteleri okuma özgürlüğü verin.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

Bir Magzter Hediye Kartı ile sevdiklerine anında hediye et ve onlara {{magCount}} en iyi satan uluslararası isimden favori dergilerini okuma özgürlüğü ver.

Girish Ramdas, küresel dijital yayıncılık işinde dalgalar yaratan New York merkezli bir girişim olan Magzter'in Kurucu Ortağı ve CEO'sudur. Magzter, kurulduğu 2011 yılından bu yana dünya çapında 4.500'den fazla yayıncıdan 1000'lerce dergi, gazete ve kitapla 150'den fazla ülkeden 80 milyon kullanıcıyı aştı. Basılı, mobil ve Web geliştirme dahil olmak üzere platformlar arası yayıncılıkta 25 yıldan fazla deneyime sahiptir. Bu süre zarfında, üç başarılı start-up şirketi kurdu ve yönetti. Dergi şirketlerinin dijitalleşmesini sağladı ve dijital dünyadaki içeriklerinden para kazanmalarına yardımcı oldu. Girish'in çevrimiçi, mobil ve yayıncılık ekosistemlerindeki derin sektör deneyimi, onu dünya çapındaki platformlarda dijital içerik edinme, pazarlama ve paraya çevirme konusunda uzman yaptı.

 Platformumuzda sakıncalı herhangi bir içerikle karşılaşmanız durumunda, endişelerinizi gidermek için bir şikayet giderme politikası oluşturduk.

Magzter Inc. (“Şirket”, “biz”, “bize” veya “bizim”) kişisel bilgilerinizin nasıl kullanıldığını ve paylaşıldığını önemsediğinizi bilir. Gizlilik uygulamalarımız hakkında daha fazla bilgi edinmek için lütfen aşağıdaki gizlilik politikasını (“Politika”) okuyun.Şirket tarafından işletilen web sitelerinden herhangi birini ve bunların alt alanlarını ziyaret ederek veya mobil uygulamalarımızdan ve diğer içerik dağıtım yöntemlerinden herhangi birini kullanarak(toplu olarak “Hizmet“), belirtilen uygulamaları ve politikaları kabul ettiğinizi kabul edersiniz.bu Politikada yer alır ve bilgilerinizi aşağıdaki şekillerde toplayacağımıza, kullanacağımıza ve paylaşacağımıza işbu vesile ile izin vermiş olursunuz.

Magzter Inc., kurulduğu 2011 yılından bu yana 80 milyondan fazla kullanıcısı ve 40'tan fazla kategoride ve 60'tan fazla dilde binlerce dergi ve gazeteyle dünyanın en büyük ve en hızlı büyüyen self servis, platformlar arası dijital gazete bayisidir. Merkezi New York'ta bulunan Magzter'in Amsterdam, Londra, Mexico City, Chennai, Mumbai, Yeni Delhi, Bengaluru, Singapur'da yerel varlığı bulunmaktadır ve yakında diğer ülkelere de yayılacaktır. Haziran 2011'de küresel girişimciler Girish Ramdas ve Vijay Radhakrishnan tarafından kurulan Magzter, dünyanın dört bir yanındaki dergi ve gazete yayıncılarının kitaplarının dijital baskılarını oluşturup küresel tüketicilere ulaştırmasına olanak tanıyor.

 Magzter, kullanıcılarımız için güvenli ve emniyetli bir platform sağlamaya kendini adamıştır. Lütfen Magzter'in yalnızca yayıncıların içeriklerini dağıtmaları için bir platform olduğunu unutmayın. Platformumuzda yayınlanan içeriği kontrol etmiyor veya desteklemiyoruz. Yayıncılarımızın eylemlerinden veya içeriklerinden sorumlu tutulamayız.

Magzter, haklarını ihlal eden herhangi bir içerik veya içeriğin bir kısmı nedeniyle zarar gören veya masrafa maruz kalan tarafları tazmin etmekten sorumlu değildir. Magzter, üçüncü şahısların haklarını ihlal eden herhangi bir içerikten veya içeriğin bir kısmından kaynaklanan herhangi bir hak ihlali nedeniyle hukuk mahkemesinde herhangi bir yasal işlem başlatmakla yükümlü değildir.

Magzter, dijital okuyuculara aylık abonelik ücreti karşılığında 8.000'den fazla dergi ve gazeteye sınırsız erişim sağlayan Magzter GOLD adlı dünyanın en büyük All- You - Can - Read abonelik hizmetini sunuyor.Magzter ayrıca, akıllı telefon ve küçük ekranlı mobil kullanıcıların dergi içeriğinin keyfini çıkarması gerektiği gibi, makale metniyle keyfini çıkarmasını sağlayan, uygulamaları için ezber bozan ezRead 2.0 özelliği ile dünyadaki en fazla sayıda hikayeye sahiptir.okunması kolay ve buna çarpıcı videolar ve yüksek çözünürlüklü fotoğraflar eşlik ediyor.

İsim

İçeriğini Magzter'da yayınlamakla ilgili herhangi bir yardıma ihtiyacın varsa lütfen bu formu doldur

 Magzter'den önce Dot Com Infoway (DCI) ve Galatta Media'nın Başkanlığını yapmıştır. Görevleri arasında stratejik pazarlama, ortaklık geliştirme ve küresel olarak içerikten para kazanma yer alıyordu. DCI, 2000'de 3 kişilik küçük bir ekipten 2011'de 300'e yükseldi ve dünya çapındaki müşterileri için web, yazılım ve uygulama geliştirme ile ilgileniyordu.

Hizmetimizi başlattığımızdan beri Magzter, müşterilerimize mümkün olan en yüksek gazete bayii teknolojisini ve hizmetini sunmak için kendini küresel kuruluşlarla ortak olmaya adadı. İster müşteri veritabanınıza dergi aboneliği sunma amacını güdün ya da isterse sadece daha fazla öğrenmeyi amaçlayın, Magzter kendisini ticaretinizin büyümesine yardım etmek için adadı. Daha fazla öğrenmek için lütfen aşağıdaki soru formunu doldur:

{{trialPackText}} İÇİN ÜCRETSİZ DENE

 Orijinal DMCA Bildirimini gönderen taraf, Karşı Bildiriminizin kopyasını aldıktan sonra on iş günü içinde size karşı bir dava açmazsa, DMCA, kaldırılan içeriği geri yüklememize izin verir.

Bu Politika, Şirketin kişisel olarak tanımlanabilir bilgileri(“Kişisel Bilgiler“) ve siz ve Hizmete eriştiğinizde Şirketin topladığı bilgisayarınız veya cihazınız hakkında diğer bilgileri nasıl ele aldığını kapsar.Aşağıda daha ayrıntılı olarak açıklandığı şekilde sizden Kişisel Bilgiler toplayabiliriz ve bu Kişisel Bilgileri, ürünlerimizi, hizmetlerimizi, içeriğimizi ve reklamlarımızı kişiselleştirmek, sağlamak ve iyileştirmek ve size izin vermek de dahil olmak üzere Hizmetlerimizle bağlantılı olarak dahili olarak kullanırız.kullanıcı hesabı ve profili oluşturmak, sizinle iletişime geçmek, belirli ürün ve hizmetlere yönelik taleplerinizi yerine getirmek ve Hizmetleri nasıl kullandığınızı analiz etmek.Belirli durumlarda, bazı Kişisel Bilgileri üçüncü taraflarla da paylaşabiliriz, ancak yalnızca 4. maddede açıklandığı şekilde.

Bu başlık, Magzter GOLD aboneliğinize dahildir

 İçeriğin kalitesini analiz etmek ve yayıncılara uygun geri bildirim sağlamak

 Sakıncalı içerikle ilgili şikayetleri ele almak için bir Şikayet Görevlisi görevlendirdik.

 Sakıncalı içerikle ilgili herhangi bir şikayetin, yukarıda belirtilen e-posta adresine e-posta yoluyla Şikayet Görevlisine gönderilmesini talep ediyoruz. Şikayette bulunurken aşağıdaki bilgileri de vermenizi rica ederiz.

ve size çeşitli dergi, kitap, haber ve dergi ve yayınla ilgili içeriği (toplu olarak 'Yayınlar' olarak bilinir) sipariş etme, abone olma ve teslimatını alma ve Yayınların bu dijital sürümlerinin size teslim edilmesini sağlayan Uygulama

C.Kişiselleştirilmiş önerilerde bulunmak için uygulamayı kullanımınızla ilgili bilgileri de topluyoruz.Üçüncü taraf hesap kimlik bilgilerinizi bize sağlarsanız, bu tür aktarımlara izin verirseniz, bu hesaplardaki bazı içerik ve / veya bilgilerin(“Üçüncü Taraf Hesap Bilgileri“) bizimle olan hesabınıza aktarılabileceğini ve bu Üçüncü Taraf Hesabını anlamış olursunuz.Hizmete iletilen bilgiler bu Politika kapsamındadır.

 F. Topladığımız Kişisel Bilgiler, isteklerinize yanıt vermemize, ürünlerimizi ve hizmetlerimizi iyileştirmemize, gördüğünüz reklamları ve içeriği özelleştirmemize ve sizinle yeni ürünler hakkında iletişim kurmamıza olanak tanır.

kurulduğu 2011'den bu yana 85 milyondan fazla kullanıcısı ve 40'tan fazla kategoride ve 60'tan fazla dilde binlerce dergi ve gazeteyle dünyanın en büyük ve en hızlı büyüyen self servis, platformlar arası dijital gazete bayisidir. Merkezi New York'ta bulunan Magzter'in Amsterdam, Londra, Mexico City, Chennai, Mumbai, Yeni Delhi, Bengaluru, Singapur'da yerel varlığı bulunmaktadır ve yakında diğer ülkelere de yayılacaktır. Haziran 2011'de küresel girişimciler Girish Ramdas ve Vijay Radhakrishnan tarafından kurulan Magzter, dünyanın dört bir yanındaki dergi ve gazete yayıncılarının kitaplarının dijital baskılarını oluşturup küresel tüketicilere ulaştırmasına olanak tanıyor.

 N. Kullanıcıların Kullanım Koşullarımıza uymasını sağlamak için kullanım bilgilerini de kullanacağız. Örneğin, bir kullanıcının kullanım bilgileri, bir kullanıcının bir dergiyi veya başka bir içeriği yalnızca izin verilen sayıda veya izin verilen sayıda cihaza indirdiğini doğrulamamıza yardımcı olur.

 dijital okuyuculara aylık abonelik ücreti karşılığında 8.000'den fazla dergi ve gazeteye sınırsız erişim sağlar. Magzter ayrıca, akıllı telefon ve küçük ekranlı mobil kullanıcıların dergi içeriğinin keyfini çıkarması gerektiği gibi, makale metniyle keyfini çıkarmasını sağlayan, uygulamaları için ezber bozan ezRead 2.0 özelliği ile dünyadaki en fazla sayıda hikayeye sahiptir. okunması kolay ve buna çarpıcı videolar ve yüksek çözünürlüklü fotoğraflar eşlik ediyor.

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