Legit insight

  Nigeria’s President, Muhammadu Buhari, has signed an omnibus bill known as the Business Facilitation (Miscellaneous Provision) Bill 2022. The new legislation seeks to ease the process of doing business in the country, particularly for small and medium-sized enterprises (MSMEs). The omnibus bill modifies 21 business-related regulations and eliminates bureaucratic barriers that often hinder the growth and success of MSMEs in Nigeria. It also codifies Executive Order 001 on Transparency and Efficiency in Public Service Delivery, which aims to streamline and improve the ease of doing business reforms across Nigeria. Dr. Jumoke Oduwole, who represents the Presidential Enabling Business Environment Council (PEBEC), has praised the signing of the bill, stating that it is the result of several years of collaboration between the public and private sectors. The new legislation consolidates seven years of PEBEC-led reforms and demonstrates the government’s continued commitment to creating a...

  The Independent National Electoral Commission (INEC) has announced that voters assigned to new polling units will receive text messages to know their polling units before the February 25 and March 11, 2023, general elections , IGBERETV reports. INEC Chairman,  Mahmood Yakubu , made this known in Abuja on Monday, February 13, at a meeting with political parties held at the INEC Conference Room. He said voters can locate and confirm their polling units before the general elections by sending regular texts or WhatsApp messages to a dedicated telephone number which will be uploaded on INEC social media platforms. "Voters can locate and confirm their polling units before election day by sending a regular text or WhatsApp message to a dedicated telephone number," INEC Chairman, Mahmood Yakubu, said Monday at a meeting with political parties held at the INEC Conference Room, Abuja. Yakubu also revealed that elections won't hold in 240 polling units spread across 28 states and ...

  The Central Bank of Nigeria (CBN) has declared that the old Naira Notes of N200, N500 and N1000 have ceased to be legal tender in Nigeria since the 10th of February, 2023. The declaration was  made by the Branch Controller of the Central Bank of Nigeria (CBN), Bauchi, Haladu Idris Andaza while briefing Journalists on Monday at the CBN, branch in Bauchi. He said that “ In the last 24 hours, we have been inundated by questions from various angles of the general public about our operational guidelines on the old currency notes, be that as it may, there are so many questions here and there which people have been asking about.” According to him,  “ So for the avoidance of doubt, we wish to state categorically that CBN is ready and is opened to receive all of those old notes based on certain conditions and criteria.” “Customers are free to come to the Bank and deposit which they cannot do at the Commercial Banks anymore because the currency has seized to be a legal tender sin...

 Valentine's day is celebrated globally as a day of love and affection. People show their love for their significant others by giving gifts, flowers, chocolates, and spending quality time together. However, in Nigeria, the celebration of Valentine's day has taken a different turn, where many individuals have adopted a wrong way of celebrating the day. One of the ways Nigerians celebrate Valentine's day wrongly is by focusing too much on material gifts. People go to great lengths to impress their partners with expensive gifts such as designer clothing, jewelry, and luxurious experiences. While it's okay to spoil your significant other with gifts, it's essential to understand that the true essence of Valentine's day lies in the expression of love and not just material things. Another way Nigerians celebrate Valentine's day wrongly is by forgetting the importance of spending quality time together. Instead of spending time with their partners, people get so caug...

 Valentine's Day celebrated annually on February 14th, is a holiday that has been observed for centuries, originating from ancient Roman times. The celebration has a rich and storied history, marked by a mixture of religious and cultural influences. Valentine's Day originated as a pagan festival in the Roman Empire, known as Lupercalia. This festival was celebrated annually on February 15th and was dedicated to the goddess Juno, the goddess of women and marriage, as well as to the god Lupercus, the god of fertility. The festival was celebrated with feasting, dancing, and the exchange of gifts, including notes of affection, between friends and lovers. In the early days of Christianity, the Roman Catholic Church sought to Christianize the festival by dedicating it to Saint Valentine, a martyr who was imprisoned and executed for performing marriages in secret during the reign of the Roman Emperor Claudius II. The first recorded celebration of St. Valentine's feast day was in 4...

 The Importance of Artificial Intelligence (AI) Technology to Society Artificial Intelligence (AI) is rapidly becoming an integral part of our daily lives, and it is transforming the way we live, work, and interact with the world around us. From Siri and Alexa, to self-driving cars and smart homes, AI technology is changing the landscape of modern society in countless ways. One of the most significant benefits of AI technology is that it has the potential to improve our lives in countless ways. For example, AI-powered medical devices can help doctors diagnose and treat diseases more accurately and effectively, improving the health and well-being of people around the world. AI algorithms can also be used to analyze data and make predictions, which can help businesses and governments make more informed decisions that benefit society as a whole. Another key benefit of AI technology is that it can help us solve some of the world's biggest problems. For example, AI algorithms can be use...

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