News
CBN Will Introduce New FX Laws And Guidelines To Tackle Naira Depreciation — Yemi Cardoso
Governor of Central Bank of Nigeria, CBN, Mr Yemi Cardoso has stated that the apex bank will soon introduce a new set of foreign exchange laws and guidelines to tackle Naira depreciation and achieve exchange rate stability.
Cardoso who made the announcement while giving a keynote speech at the 2023 Annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria (CIBN), on Friday November 24, said they will also conduct a new recapitalisation exercise for the banking industry, by directing banks to increase their minimum capital base to a level sufficient to support the vision of a $1trillion economy.
He said;
“Our monetary policies will aim to achieve price stability, foster sustainable economic growth, stabilize the exchange rate of the naira, and reduce interest rates to facilitate borrowing and investments in the real sector. In order to ensure the proper functioning of domestic and foreign currency markets, clear, transparent, and harmonized rules governing market operations are essential. “New foreign exchange guidelines and legislation will be developed, and extensive consultations will be conducted with banks and FX market operators before implementing any new requirements.
“Considering the policy imperatives and the projected economic growth, it is crucial for us to evaluate the adequacy of our banking industry to serve the envisioned larger economy. It is not just about the stability of the financial system in the present moment, as we have already established that the current assessment shows stability.
“However, we need to ask ourselves: Will Nigerian banks have sufficient capital relative to the financial system’s needs in servicing a $1.0 trillion economy in the near future? In my opinion, the answer is “No!” unless we take action.
“Therefore, we must make difficult decisions regarding capital adequacy. As a first step, we will be directing banks to increase their capital.”
On new licensing framework for fintechs, Cardoso said:
“Technology will continue to play a critical role in delivering financial services and enhancing financial inclusion.
“However, recent developments in the payment services landscape have raised concerns regarding the use of technology and the existing licensing and regulatory framework. We have observed that some licensees are operating outside the approved activities, breaching the boundaries set for them.
“Any intentional or unintended noncompliance will be subject to sanctions, as operators have the responsibility to ensure that they are licensed for the activities they undertake.
“Concurrently, as we conduct a comprehensive review of the licensing framework for payment services, we will engage in extensive consultations to develop a new regulatory and compliance framework that is suitable for the technology-driven payment services sector.”
News
itel Launches A300+: Most Affordable Duo-Screen Smartphone with a Rear Screen
itel, the technology empowerment brand for masses, officially unveiled its new product A300+, brand’s first interactive dual-screen smartphone in its price range. itel A300+ comes with a comprehensive set of features — a 7000mAh marathon battery, IP65 military-grade durability, and satellite communication capability, demonstrating that innovation and complete product strength can coexist at an accessible price point.

A First-of-Its-Kind Rear Screen Experience: Interactive Innovation for a New Generation
itel A300+ coming with an interactive rear display is a rare feature in this price category, designed to deliver a smart entertainment experience for young generations. Far from being a cosmetic gimmick, the rear screen provides practical functions built around real everyday scenarios. Users can frame selfies using the higher-quality rear camera with a live preview on the back screen, glance at incoming messages and alerts without waking the main display, and play, pause, or skip tracks directly from the rear screen. The rear display also supports customizable clocks, photos, and designs, giving users a personal window to express their individual style. Complementing the rear screen, the A300+ features a 6.78-inch immersive punch-hole main display, offering a cleaner, more expansive viewing experience for streaming, gaming, browsing, and social media.

Performance and Value in Balance: Delivering Fresh Technology Despite Industry Pressure
Even amid rising industry costs, itel has chosen to bring fresh technology to its products while continuously improving performance and keeping pricing accessible. The A300+ is powered by a 7000mAh marathon battery engineered for long-term reliability, supporting up to 1,200 charging cycles — far exceeding the industry standard, and designed to retain healthy capacity. AI Charging Protection intelligently manages charging patterns to reduce battery degradation, while Smart Power Management optimizes power consumption across apps and hardware to extend usage time between charges.

The device also features 300% ultra-volume DTS stereo speakers, delivering rich, room-filling sound for music, videos, FM radio, and everyday entertainment. Built to withstand daily life and beyond, the A300+ carries IP65 water and dust resistance certification and meets military-grade durability standards, resisting splashes, dust, and accidental drops. Notably, the A300+ includes satellite communication capability, ensuring users can still send basic messages via satellite when cellular networks are unavailable — a safety net in remote areas, during natural disasters, or in other critical situations, setting it apart in its price segment.

The A300+ is built on a clear product philosophy, rather than relying on a single headline feature, it combines its key strengths into one complete product story. The rear screen captures attention first, while battery life, durability, and practical usability make the overall value proposition convincing. With the A300+, itel once again demonstrates its commitment to using innovation to meet the needs and desire for novelty among young users in emerging markets.
The itel A300+ is available in two variants: the 64GB ROM and 128GB ROM and they are both available in all phone retail stores in Nigeria or via online store HERE
News
DJ Robot ft TMP Offisial & Fateoftheyouth – “NDSM Deluxe” Mixtape

DJ ROBOT teams up with TMP OFFISIAL and FATEOFTHEYOUTH for NDSM DELUXE, a new DJ mixtape that expands the world of NDSM — No Dey Stress Me into a bigger, more energetic listening experience.
Built around DJ ROBOT’s approach to sequencing, mixing, and controlling energy, NDSM DELUXE transforms the NDSM mindset into a full sonic journey. The mixtape explores nightlife, pressure, temptation, confidence, freedom, desire, and the decision to simply refuse to let life overwhelm you.
Bringing together DJ ROBOT’s DJ-driven vision with the creative energy of TMP OFFISIAL and FATEOFTHEYOUTH, the deluxe edition adds new dimensions to the original NDSM message while maintaining its central philosophy: No Dey Stress Me.
Rather than simply extending the original project, NDSM DELUXE is designed as an experience — moving through different moods, rhythms, and moments while allowing each transition to contribute to the story.
For DJ ROBOT, the project represents an opportunity to communicate through energy as much as words.
“The original NDSM had more energy and stories to explore. I wanted to take the ‘No Dey Stress Me’ mindset beyond the song and turn it into a full DJ experience — something that captures nightlife, freedom, pressure, temptation, and the moments when you simply choose to enjoy yourself and live in the present.”
Listen below;
Entertainment Gists
N8TAN Announces ‘UPRISING EP’ — A Story of Rising From the Streets to the Top

Nigerian artist N8TAN is set to unveil his highly anticipated ‘UPRISING EP’, a body of work that chronicles his journey from the streets to the heights of his musical ambition.
Built around themes of struggle, resilience, ambition, survival, and triumph, UPRISING captures the realities of an artist determined to turn adversity into momentum. The project reflects N8TAN’s experiences, the challenges that shaped him, and the relentless drive that continues to push him forward.
More than a collection of songs, UPRISING is presented as a story of transformation—from navigating the streets and confronting uncertainty to finding purpose, embracing growth, and rising toward the top.
With its blend of raw storytelling, infectious energy, and personal perspective, the EP offers listeners an intimate look into N8TAN’s world while reinforcing his determination to carve out his own place in the music industry.
‘UPRISING EP’ is a statement of elevation: a reminder that where you start does not have to determine where you finish.
As N8TAN continues to build his musical identity, UPRISING marks another significant chapter in his journey—and an invitation for listeners to rise with him.
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