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Instagram launches Subscription service to help creators earn monthly

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Instagram subscribe feature

Inspired by the Facebook Subscription model, which was launched back in 2020, Instagram has also started testing the Subscription model in the US with some creators. However, the company is planning to expand access to more creators over the next few months.

At present, it has announced select creators. With the Subscription model, fans have to pay a monthly fee to access subscriber-only content from creators like exclusive Lives and Stories. The creators can set a monthly price of their choice, ranging from $0.99 to $99.99 per month.

Upon subscription, users will get a purple badge by their username so that creators can identify them easily. Further, they’ll be notified of exclusive broadcasts, where they’ll be able to engage more deeply with the creators. Notably, the subscriber-only Stories will be indicated with a purple ring.

“Earlier this year, as part of our continued commitment to supporting creators, we shared that Meta would not collect any fees from creators on Facebook Subscriptions purchases until 2023 at the earliest, and this will also apply to Instagram Subscriptions. Additionally, we believe that creators should know their audience and have more control over their business. We hope to build the tools to allow them to also directly connect with their audience off platform in the future,” mentions Instagram on its blog.

Mark Zuckerberg, CEO of Meta, which owns Instagram, wrote in a Facebook post

I’m excited to keep building tools for creators to make a living doing creative work and to put these tools in more creators’ hands soon.

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NPower Batch C Stream 2 Can Now Proceed for Biometric Capturing

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N Power batch c stream 2

Late in February, it was rumored that Batch C stream 2 Npower applicants should check if they’ve been shortlisted for biometric verification, but FG debug the news as false. Now, the Federal government has officially announced that Npower Batch C stream 2 should proceed with biometric capturing. 

Given the above, Npower Applicants are advised to kindly check the NASIMS portal or dial the NSIP self-service code *45665# to check their application status and follow the instructions for biometric capturing.

npower batch c

How to Check Npower Application Status for Biometrics

  • Visit the Self-service portal via https://nasims.gov.ng or dial the code *45665# to check your application status.

Note: If you have already done your biometrics fingerprint capturing, kindly check your verification status on the Nasim portal to see that it was properly captured. If it was done successfully, you will see the fingerprint captured  icon at the end of your verification page on NASIMS. If you see the icon “capture fingerprint” then it means that your fingerprint is yet to be captured.

The N-Power program is built to address the issue of youth unemployment and help increase social development. The Program is designed to target Nigerians between the ages of 18 and 35 “to acquire and develop life-long skills for becoming change-makers in their communities.

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MTN Nigeria Rewards Shareholders with N174.53bn Dividend

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mtn rebrand

The MTN Nigeria has set aside N174.53 billion as dividend to its shareholders whose names appeared in the Company’s Register of Members at the close of business on Wednesday, April 6, 2022, which translates to N8.57 Kobo per every two kobo ordinary share.

This would bring the total dividend for the year that ended on December 31, 2021 to N13.12 per share, subject to withholding tax.

MTN Dividend

The MTN Nigeria also announced that its initial 575 million share unit’s offer was exceeded with an over-subscription rate of 139.47 per cent, and   in order to manage the over subscription, it added 86.25 million share units to the initial share units.

It said: “In all, 661.25 million units of MTN Nigeria shares were allotted and a total of 126,720 retail investors submitted valid applications and received full allotment. Other institutional investors such as pension funds, insurance companies, asset managers, corporates, and foreign portfolio investors who participated in the book build were allotted 72.09 per cent of their applications. 

“This includes Nigerian pension funds representing approximately 6.5 million Nigerian contributors. Nigerian investors across the country supported the offer through multiple channels such as Receiving Agents, Issuing Houses and Primary Offer, that is the digital application platform. 

“More than 89 per cent of retail offer subscribers applied through the Primary Offer platform (via mobile and web).

“In addition, 114,938 new Central Securities Clearing System (CSCS) accounts were opened by first-time investors. It was estimated that 76 per cent of the successful subscribers to the public share offer via the digital platform are women, while 85 per cent of these are below the age of 40.” 

Speaking on the opportunity that the public share offers to Nigerians, The Chairman of MTN Nigeria, Mr. Ernest Ndukwe, said: “There was no better way for us to commemorate our 20th anniversary than by giving more Nigerians the opportunity to participate in our future success, in line with our Ambition 2025 commitment to shared value. 

“To do this, we launched an offer for the sale of 575 million shares held by the MTN Group in MTN Nigeria Communications Plc in November 2021. It also leveraged an innovative digital platform to maximise participation, while many of Nigeria’s institutional investors also participated in the bookbuild phase of the offer.”

 The incentives for all investors include one free share for every 20 purchased, subject to a maximum of 250 free shares per investor. Also, an additional 4.28 million MTN Nigeria shares would be allotted to qualifying investors who hold the shares allotted to them for 12 months till January 31, 2023.

“We are delighted to welcome so many new shareholders to the MTN family, up 11.6 times from the number before the offer.  It has been inspiring to see so many Nigerians, many of whom are young, acquire shares for the first time, and use a digital platform to do so.’’  

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