GOtv Jolli subscription offers 2,800 Naira per month and with access to 65 channels which include 2 audio stations. Click here to renew subscription in 1min.
GOTV is a digital terrestrial television service that charges reasonably for a large selection of regional and international channels. Because it offers a variety of packages to suit various needs and budgets, starting as low as NGN 900 per month in Nigeria, GOTV is less expensive than many other digital TV providers. Click hereto renew Gotv subscriptions in 1min.
GOTV is a pay TV operated by Multichoice. It was founded on the 5th of September 2011 to cover the GAP of the number of people who are unable to afford DSTV cable TV which comes with a dish and decoder.
GOTV provides access to over 75 channels, including sports, news, entertainment, and kids’ channels, and offers high-quality programming despite being reasonably priced.
To accommodate a range of budgets and preferences, DStv offers a number of subscription packages. Click here to view and renew. The following are some of the packages offered and their associated prices (as of March 2023) for DStv subscribers in Nigeria.
A third party’s property or other damages resulting from an accident that the policyholder caused are covered by this kind of insurance policy, and the insurer agrees to pay for those losses. This might cover reimbursement for related costs such as medical bills and car repairs.
It’s crucial to keep in mind, though, that third party insurance does not protect the policyholder’s own car or any injuries they might sustain in an accident. Due to this, it is advised that policyholders think about getting a comprehensive insurance plan that covers third-party liability as well as damage to their own vehicle and bodily injury.
The employers in UK have continued to express frustration on their inability to hire experienced workers with requisite skills to fill vacant positions in their organisations.
UK is among the top economy in the world and houses the best Universities around. But why the sudden manpower deficit?
Silicon Valley Bank (SVB) was a commercial bank with the headquarter in Santa Clara, California US.
As of June 30, 2016, SVB had a 25.9 percent market share, making it one of the biggest banks in the country and the largest bank in Silicon Valley based on local deposits.
Silicon Valley Bank provides financial assistance to startups, individuals, investors and international innovative companies to achieve their ambitious objectives. “SVB is the financial partner of the innovation economy”
The second-largest bank failure in American financial history occurred on March 10, 2023, as a result of a bank run on SVB’s deposits, and the Federal Deposit Insurance Corporation was appointed as receiver.
The Independent National Electoral Commission (INEC) was created in year 1998 and is the electoral body which organises and cordinate elections in Nigeria.
INEC is a product of metamorphosed Electoral Commission of Nigeria (ECN) which was inaugurated in 1958 to conduct the 1959 federal elections.
General Abdulsalam Abubakar’s Administration dissolved the National Electoral Commission of Nigeria (NECON) who conducted the controversial election that General Abacha annulled and established the Independent National Electoral Commission (INEC).
INEC is therefore established to save the Democracy in Nigeria.
Nigeria is currently undergoing a critical financial reform. The President and the Governor of Central Bank of Nigeria (CBN) had concluded plans and implemented currency change and swap programs.
The new currency change Policy had taken everyone by surprise but with much more polical implications.
The past 8 years in Nigeria, the currency in the economy had risen from N1.4 trillion to N3.23 trillion. The proportion of currency outside the banks grew from 78% in 2015 to 85% in 2022. As at October 2022, only N500 billion was within the Banking System while N2.7 trillion remained permanently outside the system; this development poses a great threat to the economic growth.
The CBN has therefore commenced the processes of absorbing the old currency notes of N200, N500 and N1000 with clear directives to concerned individuals.
The following are the required steps to deposit the old Naira Note:
Visit the selected bank branch with printed receipt to deposit your old N1000, N500 and N200 notes into your bank account.
Deposit above N500,000 will only be made at any of the CBN branches in the country.
While the N500 and N1000 notes have been declared a Non Legal Tender, the old N200 banknotes is expected to circulate as legal tender till April 10, 2023.
The world has never been static. It evolves and revolves. Ever dynamic effect of the world has also affected all its constituents including her economy which encompasses all activities related to production, consumption and trade of goods and services. The year 2022 started on a shaky note but ended with mostly negative indices. For example, the UK ended the year 2022 with a double figure inflation as against single digit at the beginning of same year. Experts have warned the new year 2023 might just be the period where the consequences of all of these would be felt the most. The following are factors that will would affect the global economic outlook for the year 2023;
Ukraine and Russia War
What began with mere speculation eventually turned into a real war. The kremlin invaded Ukraine on the 24th of February 2022 and since have been waging war. Since the beginning of the war, there has been Europe’s largest refugee crisis since World War II, Russia’s GDP for the year reduced to a 3–4 percent, about 8 million Ukrainians were displaced within their country by late May, and more than 7.9 million fled the country by 3 January 2023 and Ukraine’s economy contracts by average of 44% according to study.
The special military operation as claimed by the Russia Authority in Ukraine has resulted into about €93.8 billion from 40 countries in financial, humanitarian, and military aid to Ukraine, from 24th January to 3rd October of 2022 according to The Kiel Institute. These funds could have been devoted to local economies which would in turn assist the Global Economy.
Energy Crises
Energy has been one of the driving force of the Global economy. Fossil fuel and Natural Gas are critical in manufacturing industry and household consumption. The Ukraine and Russia have has disrupted in natural Gas chain supply globally and has caused unpredicted inflation, Gas and electricity crises in Europe. The winter is here, the energy crises will forcefully cause higher spike in inflation first quarter of the year 2023.
Global Food Crises
The world is experiencing shortage and disruption in food supply. Ukraine who’s is the world’s largest supply of grains has been fighting war with serious effected on farming in the country. Shortage of grain globally has also caused almost 40% inflation in poultry and bakery products in both developed and developing counties.
According to theguardian “UK food price inflation has hit a new high of 12.4%, according to data from the British Retail Consortium, with fresh foods leading the rises.” It’s been an incredibly stressful week, says White (manager at a foodbank in UK), “with a big shift in numbers seeking their help and the urgency” We expect these crises to spill to the year 2023 effectively throughout the first quarter.
Climate Change
Climate change was seen as a myth especially by some policy makers but it has never been this real. The continuous change in weather condition has affected farming conditions leading to poor outputs. Energy generation from renewable energy sources are been impacted by climate change hereby leading to reduction in energy output. “One of the biggest concerns sceptics raise about renewable energy is its intermittent nature or the idea that the sun does not shine all the time, nor does the wind blow every day”.
Resurgence of Covid
Covid pandemic ravaged the world for almost two years. The pandemic which stated in China 2019, affected the Global economy from 2020 to 2021. By the end of 2021, countries have stated recovery process by opening up and lifting restrictions except for China who still maintains Covid restriction throughout the year 2022 till the month of December same year. However, when China opened up, we realized it was mainly due to pollical pressure and that cases of Covid effection continually increase with mortality rate peaking. As at January 2023, travel restriction out of China has been lifted and expert feared this could once again lead to a global pandemic. Few countries are recording new cases of Covid infection already. The Global economy can once again be impacted negatively due to Covid infection in the year 2023.
Economy Outlook for Nigeria in 2023
Nigeria has been flat footed throughout the year 2022. All indices seems to be negative and on a sliding mode. With the current population of over 219m according to worldometers, about 113m of Nigerians are living in poverty according to a report by the National Bureau of Statistics (NBS) announced November 2022.
According to the Debt Management Office, DMO in December 2022, Nigeria’s public debt reached N44.6 trillion in the third quarter of the year (Q3 in 2022) This represents a 2.9 per cent quarter-on-quarter decline when compared to N42.84 trillion recorded in Q2 in 2022.
Also, Going by the data published by the NNPC, the Federal Government spends about N40.1bn daily when subsidising every litre of petrol consumed in Nigeria by at least N600. This also means that the government is spending about N1.243tn on fuel subsidy every month. The Federal Government plans to remove fuel subsidy in the year 2023.
The annual inflation rate in Nigeria accelerated for the 10th straight month to 21.47% in November of 2022 from 21.09% in October and above market estimates of 21.15% according to Trading Economics. The Central Bank of Nigeria raised the Interest rate to 16.5% as at its November 2022 meeting. This indicates fourth straight rate increase so far in the year 2022.
The Naira continues to fall to dollar and access to forex by most Nigerians for businesses and other domestic use have been through the black market. Recently, most Nigerian banks blocked access to forex via local Master or Visa cards. Demand for forex especially prospective international students seeking greener pastures abroad is also reducing the value of Naira daily. There is also the issue of foreign reserve deficit. The reserves has declined from about $40billion dollars in January 2022 to an estimate of $37billion in December 2022.
What to Expect in the New Year 2023
Inflation rate in Nigeria is expected to continue rise in the first two quarters of the year 2023 due to the combination of the above-mentioned factors. Cash less policy if well implemented will stabilize the Nigeria economy by the end of the second quarter.
It is the Election Year in Nigeria, the new government will resume effectively from the month of May 2023. But till this period, we don’t expect much improvement in most ecomomic sectors for example, insecurity will continue to affect cost of agricultural products and contributes to the county inflation rate.
Nigeria will not be able to attract much more needed foreign investors for the first half of the year 2023 and rate of employment is also not going to improve anyway.
Nigeria will continue to lose her professionals in all the sectors of the economy for better opportunities in foreign countries.
Tips for Folks
1. Cut spending as much as possible and save more.
2. Stay healthy as much as possible as health is wealth.
3. The cost of food and groceries are on the increase, it will continue into the year, Nigerians must be strategic and wise.
4. There have been no significant efforts from the Government to improve employment. The rate of unemployment will be peaking to the second quarter of 2023.
5. Small scale businesses will thrive in the midst of baldly managed economy.
6. Always have a product to sell or service to render.
