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New Apple iPhone 14 Pro To have 48 Mega Pixel Camera, Other Juicy Features

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For iPhone users, a new report has corroborated earlier accounts that the Apple iPhone 14 Pro will move to a 48MP main camera. This will mark the third time an iPhone has increased the resolution of its main camera (iPhone 4 to 4S – 5MP to 8MP; iPhone 6 to 6s – 8MP to 12MP) and would be a serious shift in Apple’s way of doing cameras.

It’s likely that Apple needs the higher resolution in order to offer 8K video recording on its Pro phones, but that they’ll also shoot in different resolutions, depending on the scene. A portrait or a landscape could use more megapixels, while a low-light photo could end up pixel-binned to 12MP.

 

Renowned Apple analyst, Ming-Chi Kuo noted 48MP main camera on the iPhone 14 Pro on a number of occasions. He’s also said that a periscope zoom is coming with the iPhone 15 in 2023.

As for the front of the iPhone 14, at least two reports claim it will drop the full-sized notch in favor of a punch-hole camera, either a single or a pill-shaped one with FaceID built-in.

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Tips to Help Reduce your Electricity Consumption 

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The High rate of power consumption in our homes lately has made several people groan over obnoxious sent by Power distribution companies. The prepaid meter system is the best option to pay what you actually consumed but that option seems to have gone sour with the high tariff rate recently signed by the federal government. In other to consume power and manage available resources, here are some tips that will aid low consumption if followed strictly.

To start with, you should know that for these tips to work for you; you need a prepaid meter installed. If you want to save power, start by getting a prepaid meter installed at home.

 

1. Remove all plugs and turn off switches:

Many don’t know this but turning off a device while leaving it plugged in does not cut off the power supply. The device still consumes residue energy called vampire or standby power. To avoid this, cut off power to a device by turning off the socket and the device’s power switch.

2. Replace all your bulbs at home with energy-efficient models:

Although non-energy-efficient bulbs are cheaper to purchase, they become more expensive in the long run to use. This is because they consume far more power than energy-saving bulbs. For example, the average wattage of an ordinary bulb is around 60 to 200. However, energy-saving bulbs are as low as 7 to 11 watts. This means that one would consume more than ten times the other’s power; the choice is yours.

Also, it would help if you become more cautious with how long you leave your bulb on. Turn them off during the day, and when you want to sleep at night; especially your kitchen, toilet and bathroom lights. Only leave security lights on.

3. Limit your fan and Air conditioner’s runtime:

The ceiling fan is one of the home’s highest passive power consumers. You might not know it, but your fan practically runs all day and night, which significantly impacts your power bills.

One thing you can do is replace all your fans with energy-efficient models if you have the means. However, if you don’t have the energy-efficient model, simply regulate how long the fan runs.

The energy-consuming capacity of an air conditioner is well known. Keep it running for a day, and it would make a telling impact on your bills. A 1.5hp (1119watts) Ac running for 10 hours at a rate of N60 per kilowatt would cost you well over N30,000 alone. You can shuffle run time between your fan and air conditioner, depending on how many units you purchase per month. Limiting your fan to running only about 8 hours a day can save you hundreds of naira.

4. Revisit your refrigerator:

This is another appliance that consumes the most power at home. The average watt consumption of a refrigerator is 1200 watts per day (depending on the model), which means they consume one of, if not the highest power at home. You can reduce consumption by purchasing a smaller freezer, which is the more expensive approach or doing the following:

Move the refrigerator to an area with adequate air circulation, as it helps it become more power-efficient.

Your fridge should also be at least 2 inches away from the wall and not stand directly exposed to sunlight.

Another thing you should do is not stuff up your refrigerator. This reduces the overall efficiency of the unit because of the lesser space available for air circulation. It also means that the unit would draw more power to meet the demand. Ensure you defrost the fridge regularly too

Asides from the tips mentioned in this article, you should also sit down to study your home. If possible, create a list of all your appliances and their watt rating. Start trimming down consumption by replacing the device with a more energy-efficient model, or reducing its use.

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FIRSTBANK, DRIVING DOLLAR REMITTANCES, ECONOMIC GROWTH VIA IMTOS

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firstbank

 

 

By Chinwendu Obienyi 

 

For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others. The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock market, stable security, low unemployment rate, high standard of living amongst others. But in recent times, one factor that has been added to this list is diaspora remittances as it is one of the major international financial resources, which sometimes exceed the flows of foreign direct investment (FDI).

 

Remittances promote economic growth by increasing household income and increasing income creates the opportunity to boost consumer spending, accumulation of assets, promotion of self-employment, and investment in small business.

 

Data from the World Bank in 2014 indicates that global remittances stood at $430 billion dollar in 2011 and was 0.31 per cent of global GDP in 2009. The impact of remittances on any economy is more profound in developing countries because they receive $307.1 billion of the total N416 billion inward remittances, amounting to about 74 percent.

 

Remittances also account for about 27 percent of the GDP of developing countries. According to the World Bank, remittances flows to the developing world have reached $414 billion in 2013 (up 6.3 per cent over 2012), and are now, behind the foreign direct investment, the second-largest source of external financial flows to developing countries.

 

Daily Sun investigations reveal that the enormous upward movement in remittances payments may be attributed largely to two factors, namely; immigration between developing and developed countries which increased dramatically in the past 20 years and declined in transaction costs as technological improvements have allowed for faster, lower cost mechanisms for the international transfer of payments between individuals.

 

This means that it is different from other external capital inflows like foreign direct investment, foreign loans and aids due to its stable nature. Little wonder why the Central Bank of Nigeria (CBN) unveiled a new policy in 2020 that granted unfettered access to forex from the diaspora and other money transfer remittances like Western Union and MoneyGram.

 

The bank also clarified transactions that are eligible under the policy in line with global best practices. The policy allows beneficiaries of diaspora remittances through International Money Transfer Operators (IMTOs) to henceforth receive such inflows in the original foreign currency through designated bank of their choice. It explained that the new regulation was part of efforts to liberalise, simplify and improve receipt and administration of diaspora remittances into Nigeria.

 

Under the new policy, recipients of remittances may have the option of receiving such funds in foreign currency cash (US Dollars) or into their ordinary domiciliary account.

 

“These changes are necessary to deepen the foreign exchange market, provide more liquidity and create more transparency in the administration of Diaspora remittances into Nigeria,” the apex bank stated.

 

It explained that the changes would help finance a future stream of investment opportunities for Nigerians in the Diaspora, while also guaranteeing that the recipients of remittances would receive a market- reflective exchange rate for their inflows.

 

Backed by these words, several commercial banks swung into action to tap into this virgin zone by introducing a variety of offers that yield fruits as more remittances started coming in.

 

However, the CBN in March 2021, in a bid to encourage more inflows, introduced a new incentive tagged “Naira 4 Dollar Scheme”. In a circular signed by Saleh Jibrin, CBN ‘s Director, Trade and Exchange Department, said, the scheme would allow all recipients of diaspora remittances to be paid N5 for everyone dollar received.

 

This explains why First Bank of Nigeria Limited chose to expand diaspora remittances inflow into the country by increasing its network of International Money Transfer Operators (IMTOs) targeted at easing accessibility of its customers to receive money from close to 100 countries across the world in a safe and secured manner.

 

Before then, it was on record that FirstBank has maintained a long-standing partnership with Western Union, MoneyGram, Ria, Transfast, and WorldRemit. The Bank is also in partnership with other IMTOs including Wari, Smallworld, Sendwave, Flutherwave, Funtech, Thunes and Venture Garden Group to promote remittance inflows into the country, thus putting Nigerians and residents at an advantage in receiving money from their families, friends and loved ones across the bank’s 750 branches especially in this Yuletide season.

 

For potential customers without an existing domiciliary account, they can have their dollar account automatically created for their remittances and can also receive inflow directly into their account through Western Union.  In addition, FirstBank has launched its wholly owned remittance platform named First Global Transfer product to promote the international transfer of funds across its subsidiaries in sub-Saharan Africa. These subsidiaries include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, and FBNBank Senegal.

 

Reiterating the bank’s resolve in promoting diaspora remittances, regardless of where one is across the globe, the Deputy Managing Director, Mr Gbenga Shobo said, “At First Bank, expanding our network of International Money Transfer Operators is in recognition of the significant roles diaspora remittances play in driving economic growth such as helping recipients meet basic needs, fund cash and non-cash investments, finance education, foster new businesses and debt servicing.

 

We are excited about these partnerships, as it is essential to ensure our customers are at an advantage to receive money from their loved ones and business associates, anywhere they are across the world.”

 

Having been at the forefront of pioneering international funds transfer and remittances over 25 years ago, it is safe to say the bank’s wealth of experience and operation in over 750 locations nationwide gives it the edge in the market.

 

With its total principal standing at N100 billion and over one million customers to service in 2020, FirstBank is providing prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand, a credible financial partner, thus promoting economic growth and development.

 

Culled from The Sun 

 

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Next Titan contestants explore product advantage of Heritage Bank’s Octiplus

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Heritage Bank’s advanced all-in-one digital banking experience; Octiplus’ product benefits were explored by the Next Titan contestants for its groundbreaking innovative solution, crafted to meet the demands of the ever-growing active banking populace. Presenting their tasks, themed, “Show Your Innovation,” during a boardroom session, eight (8) of the contestants were expected to create compelling video adverts for octiplus and its prime product awareness.

However, at the end of the Heritage Bank’s second task, the participated housemates successfully identified the non-vanilla features of the digital app which were that personal investment savings could be done with the app as well as group savings usually known as “esusu.” Aside the regular features that were known by all including Payment features, buying of airtime, pay bills, flight bookings, movie tickets and one of the most interesting features that was mentioned, was that with Octiplus, you can add all your debit cards from other financial institutions to this App and enjoy easy banking, easy life.

R-L: Chris Parkes, boardroom judge of The Next Titan; Victoria Sotunde, Group Head, Head Office Audit, Internal Audit, Heritage Bank and Kyari Bukar, boardroom judge of The Next Titan, during the board room judging session of the Heritage Bank’s 1st task to housemates, themed, “Show Your Innovation,” held in Lagos.

MD/CEO of the Bank, Ifie Sekibo disclosed that Heritage operates with a philosophy to offer world-class banking services with guaranteed convenience on the platform of simplified service innovation, leading technology solutions and experience-driven relationship management.

Reviewing the presentations of contestant’s individual tasks, Sekibo who was represented by the Head, Content and Digital, Nsikak Ifiet commended some of them on the marketing strategies adopted, captivating messages which highlighted product advantage, abilities to identify the target audience and the clear call to action with relevant information.

He advised the contestants not to de-market competitions products when promoting their own brand. According to him, it is important to focus on your product, what it has to offer and the value it will give to the consumers.

To ensure a balanced form of assessment during the boardroom session presided over by the experienced panel of Judges and in the spirit of meritocracy, each contestant was given a time limit to strictly adhere to during their presentation. After which, each Judge meticulously took out time to allot their assessment on each contestant with constructive criticism.

Five of the eight contestants who presented before the panel were saved and will remain in the house until the grand finale of the show. The successful contestants include; Victor Emaye, Joy Badaki, Esin Mariah, Dolapo Quadri and Adausu Taiwo, while the evicted contestants who were meant to give their final words before leaving the house were Omobolaji Shittu, Fiberesima Ibi and Orji Hyacinth.

Also, the Judges of the boardroom session comprised Chris Parkes, Kyari A. Ebuka and Nsikak Ifet.

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