Five things to know to start your Saturday

Five major companies are resuming advertising on X

After staying away for a year, five major companies—Comcast, IBM, Disney, Warner Bros. Discovery, and Lionsgate Entertainment—have started advertising again on X (previously known as Twitter). These companies had stopped advertising because they were worried about how X was managing harmful content, but now they’re slowly returning.

However, while these big traditional advertisers have, smaller up-and-coming brands like Karma Shopping, Canles, and Kueez spent over $68 million on X this year. These smaller companies are taking advantage of having less competition for advertising space on X. This might also mean X is moving toward a new business model that relies more on lots of smaller advertisers rather than a few big ones.

Four northern states are in darkness as transmission lines ripped

Four states in northern Nigeria – Gombe, Bauchi, Benue, and Plateau – have lost their electricity supply because of a problem with the major power lines running from Ugwuji to Makurdi and Jos.

These states get their electricity from the Jos Electricity Distribution Company (JEDC).

Friday Elijah, who heads JEDC’s Corporate Communications, explained that the power lines stopped working on Friday afternoon, which caused all the smaller power distribution lines to lose power.

He said that engineers from the Transmission Company of Nigeria are working to fix the problem.

“We hope to restore normal power supply to our esteemed customers as soon as the fault is rectified and power supply is restored back to normalcy,” said Elijah.

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Trump appointed Karoline Leavitt as the youngest-ever White House Press Secretary

Donald Trump, the president-elect, has chosen his campaign press secretary, Karoline Leavitt, to be the next White House press secretary.

At 27 years old, Leavitt, who is currently handling communications for Trump’s transition team, would become the youngest White House press secretary ever. The previous youngest was Ronald Ziegler, who was 29 when he started working for President Richard Nixon in 1969.

“Karoline Leavitt did a phenomenal job as the National Press Secretary on my Historic Campaign, and I am pleased to announce she will serve as White House Press Secretary,” Trump said in a statement. “Karoline is smart, tough, and has proven to be a highly effective communicator. I have the utmost confidence she will excel at the podium, and help deliver our message to the American People as we Make America Great Again.”

FAAN will shut down power at Lagos airport

The Federal Airports Authority of Nigeria (FAAN) has announced it will temporarily cut power to Terminal 2 of the Murtala Muhammed International Airport in Lagos. The shutdown will happen on Saturday between 1:00 am and 4:30 am.

This information was shared in a statement by Obiageli Orah, who directs Public Affairs and Consumer Protection. FAAN said they will carry out the power shutdown in a way that causes the least possible disruption to flights and passenger services.

Royal Air Maroc, which has flights during these maintenance hours, will be moved to International Terminal 1 for check-in and arrival procedures.

CBN will sanction banks that hoard or divert cash

Nigeria’s Central Bank (CBN) has warned banks that they will face tough penalties if they hoard or divert cash.

This warning came in an official letter dated November 13, 2024, which the CBN released on Friday. The letter was signed by Muhammad Olayemi, the Acting Director of Currency Operations.

The CBN reminded banks that it regularly conducts secret checks to prevent misuse of naira notes and ensure proper cash distribution, especially with the holiday season coming up.

The letter explained that these measures are meant to keep new banknotes from being sold by unauthorized cash sellers and help get cash to the public properly.

The central bank said it will punish any bank linked to cash that’s seized from unauthorized sellers.

These banks will have to pay a fine equal to 10 percent of all the cash they withdrew from the CBN on the day they broke the rule.

If banks break this rule more than once, they’ll have to pay an extra 5 percent fine each time.

The CBN also warned banks not to hoard cash, divert it, or do anything else that prevents cash from circulating properly, saying these actions go against the Clean Note Policy.