Business
Like Twitter, Facebook and Instagram start selling verified badge
Meta, the parent company of Facebook and Instagram, has announced rollout plans for Meta Verified, a subscription bundle that includes a verified badge.
A gradual test of the service will commence this week in Australia and New Zealand, according to a statement by Meta CEO, Mark Zuckerberg, on Sunday, February 19, 2023.
The badge authenticates users’ accounts with government ID, proactive protection, access to direct human support, and increased visibility and reach.
Applicants for the service must be 18, meet minimum activity requirements, and submit a government ID that matches their profile name and image.
“People can purchase a monthly subscription for USD$11.99 on the web and USD$14.99 on iOS and Android,” the statement read.
Zuckerberg, 38, said the service will help creators on Facebook and Instagram grow their presence and build community faster.
While the service remains in its testing phase, there will be no changes to accounts already verified on the platforms.
Last year, fellow social media giant, Twitter, started selling its verified badge for $8 monthly for the web and $11 monthly for iOS shortly after billionaire, Elon Musk, bought the company.
The November 2022 rollout of the feature caused chaos as many trolls used the authenticity of the bought badge to impersonate prominent people and companies. This forced the suspension of the feature before it was relaunched shortly after.
Last week, the company announced that only users subscribed to the Twitter Blue package will be privileged to use SMS two-factor authentication. Starting in March, non-subscribers will be stripped of the security feature but can still use an authenticator app or physical security key.
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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