Online Marketing And Personal Finance

“She is grateful to Nigerians for their prayers and remains confident that Almighty God will hear our prayers and grant her quick recovery.” The media advisor to former Minister of Information, Dora Akunyili, Isaac Umunna, has denied reports circulating on social media that the former minister is dead. “My attention has been drawn to the rumour circulating on social media claiming that immediate past Minister of Information and Communications, Prof. Dora Akunyili, is dead. “I have also received several enquiries in this regard,” Mr. Umunna said in a statement on Friday. He said the rumour was not only “baseless, but also the height of wickedness”. The rumours began last week Friday with posts on social media that the health of the former Information Minister who is suffering from Cancer has deteriorated and that she had been flown to India for treatment. Mrs. Akunyili’s ailment gained public attention when, as a delegate, she appear...

ON the back of recently rebased Gross Domestic Product (GDP), a study by US-based financial payment solutions firm, Mastercard, has revealed that Nigeria spends an estimated $5.1 billion (N800bn) yearly on printing and handling cash. The study explains that countries across the globe spend an average of 1 percent of their GDP yearly to fund minting of currency notes and logistics involving handling, processing and shipment. “MasterCard advisers have done studies in many countries and found out that the cost of cash to an economy is about one per cent of the country’s GDP,” Ventures Africa quoted Mrs Omokehinde Ojomuyide, Vice President, West Africa, MasterCard as having said. “The studies show that countries spend from 0.5 to 1.5 per cent of their GDP,” she said. This implies that Africa’s largest economy, following the recently devised GDP figures of $510 billion, spends an average of $5.1 billion annually on cash logistics, as $5.1 billion represents 1 ...