Access Bank Plc has said through an email to its customers that it recently discovered a mistake in its operations records, whereby stamp duty charges on applicable transactions were not passed on to customers. The bank said in the mail that the omissions occurred between February 1st, 2020, and April 30th, 2020. Though the tier-1 bank said it was deeply apologetic for this error, it, however, noted that all concerned customers are to prepare to pay off the accrued charges. In the email sent to customers over the weekend, the accrued N50 stamp duty charge will be debited from…
Author: DigitalTimesNG
Plentywaka has launched Logistics By Plentywaka (LBP), to tackle the issues of logistics in Lagos with a B2C same-day delivery service, in response to the logistics demands in the city as a result of the COVID-19 pandemic. The innovative bus-hailing services provider said in a statement that LBP, which is an expansion to the company’s bus transportation network within the city, will now help businesses and individuals that have challenges of moving packages across the state. The company noted in the statement that the new delivery service will provide customers with same-day delivery service as well as a range of logistical vehicles which they choose…
The Nigerian Stock Exchange (NSE) has announced the upgrade of its data portal to improve access to the market. In a press release made available to newsmen on Monday, June 22, 2020, the Management of the NSE said the revamped portal is expected to provide a more efficient, user-friendly experience for subscribers. According to the release, the new features include data products, subscription management, payment gateway integration and a lot more. First introduced in 2013, the X-DataPortal is an online application that serves as a repository for real-time, delayed, end of day and historical data for all financial instruments listed on the…
For the second time in two months, Ecobank Nigeria has hosted another set of its trainees from its academy to a virtual graduation ceremony, who have since been absolved into the bank. The Ecobank Nigeria Management Trainees Batch 2 (EMDP 2) comprises 53 graduates who were trained at the Ecobank Nigeria Academy for 21 months. Ecobank Nigeria had in May this year organised a virtual graduation ceremony for 57 graduate trainees, the first of its kind by any bank in the country. Patrick Akinwuntan, Managing Director, Ecobank Nigeria, reiterated that the bank’s deliberate policy to train and equip its…
New solution automatically measures antenna rotation and tilt at the touch of a fingertip using a mobile device; improves tower climber safety and efficiency in network maintenance Samsung Electronics Co., Ltd. Monday announced a successful demonstration of its new drone-based antenna configuration measurement solution for 4G and 5G networks in the company’s campus. This automated solution will offer operators a simplified way to more efficiently manage cell sites, improve employee safety, and ultimately optimize network performance. In the demonstration, an engineer on the ground used a smartphone with a remote control application to fly a camera-equipped drone that captured photos…
Chairman of Copyright Society of Nigeria (COSON), Mr. Tony Okoroji, has described as unenforceable, some of the provisions in the broadcast code recently released by the National Broadcasting Commission (NBC). Okoroji made his view known on his Twitter handle, @Tonyokoroji. In the tweet, the copyright activist said some of the intendments of the new code are good, but some of the provisions are unworkable while others are unconstitutional. He stated that the NBC is attempting to overreach itself by assuming powers of the National Assembly and called for a revisit of those amendments. “I understand the good intents of…
Visa has built a digital tool that uses AI and proprietary data to help US financial institutions predict credit application fraud. The Advanced Identity Score combines AI and predictive machine learning capabilities with an application and identity-related data to generate a risk score for new account applications. This, says the payments giant, helps reduce fraud, prevent hits to brand loyalty and trust and eliminate operational costs due to remediation. Visa says its technology generates a two-digit Fair Credit Reporting Act-compliant identity fraud scores in near real-time to help prevent fraud loss at the point of credit or loan application.…
Nokia on Monday confirmed reports that it plans to cut about 1,233 jobs in France. The telecom equipment vendor is doing so to “streamline” operations in the country as part of a previously announced global cost-savings initiative, a Nokia spokesperson said in a statement emailed to Fierce Wireless. The cost-savings program, announced in October 2018, also led to an evaluation of its R&D efforts that resulted in “significant adjustments globally,” the Nokia spokesperson said via email. The spokesperson added that implementation has already begun in some countries and is now impacting the Finnish vendor’s operations in France. “The aim is to…
Thousands of eager shoppers stormed the website and offline stores of e-commerce giant, Konga as the company flagged off its 8th-anniversary sales on Monday, June 22, 2020. The Konga 8th anniversary sales tagged K8onga Beyond the Hype runs until Tuesday, July 7, 2020. The e-commerce giant had announced that it would be rolling out the drums to celebrate its customers, even as it revealed that it had put together a number of mouth-watering offers as part of efforts to celebrate its eight years of outstanding innovations and leadership in the Nigerian e-commerce sector. Subsequently, Nigerians had thronged the Konga website…
MTN Nigeria on Monday provided a second update on the utilisation of the free SMS service introduced in April 2020. The initiative was implemented to ensure that while faced with unprecedented challenges and uncertainties during the initial phases of the COVID-19 outbreak, all MTN’s customers would be able to access loved ones, support systems and information. As of June 19th 2020, the network has provided 3.71 billion free SMS to more than 51 million subscribers across every state of the Nigerian Federation; which means 75% of all MTN subscribers have now utilised the service during the pandemic. Commenting on the…