News

Users To Pay Publishers For Articles On Twitter –Musk

Published

3 years ago

April 29, 2023

Editor

Elon Musk on Saturday announced a plan for his Twitter platform to allow media publishers to charge users on a per-article basis with a single click.

“This enables users who would not sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article,” the billionaire entrepreneur said on Twitter, adding, “Should be a major win-win for both media orgs & the public.”

He said the plan would begin next month, but provided no details on exact pricing or what cut Twitter would take.

The announcement came as Musk has been struggling, amid frequent controversy, to make Twitter profitable.

Media organizations have wrestled for years with how to formulate subscription plans that pay their operating costs even as readers have grown accustomed to getting news free on the internet.

The Musk plan raises questions about how exactly he hopes to make the micro-payment approach work when others have failed.

British journalist James Ball listed several problems with micro-payment — an idea, he wrote in the Columbia Journalism Review, that has “definitely occurred to major publishers across the planet.”

Many readers will simply click away when encountering a paywall, he noted. And publishers “vastly” prefer to sign up full-time subscribers, which bring far more in ad revenue than the 20 cents or so from the sale of a single article.

Several people posting on Twitter raised other objections. The per-article approach, they said, could encourage a flourishing of “click bait,” it might favour big publishers over small ones, and it is unclear that authors, not just newsgroups, would see any profits.

But some on Twitter reacted positively.

“Great idea,” tweeted user Greg Autry. “As a frequent author in publications like Forbes, Foreign Policy, and Ad Astra I’m often frustrated when my work ends up behind a paywall that my followers aren’t willing to subscribe to. This is the right solution.”

And Carlos Gil, author of a book on marketing, tweeted, “Finally, a pay-per-view for news that won’t make you feel like you’re buying an overpriced stadium beer. Get your articles à la carte and keep your wallet happy.”

AFP

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

1 hour ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

1 hour ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

4 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.