Business
New Deadline for PoS Operators’ Registration Extended to September 5, 2024
The Corporate Affairs Commission (CAC) has granted an additional 60 days for Point of Sales (PoS) operators in Nigeria to register their businesses, shifting the deadline from July 7 to September 5, 2024. This extension aims to assist operators, particularly those in remote areas facing network issues, in completing their registration process.
CAC’s Announcement
The CAC’s statement read:
“The Corporate Affairs Commission wishes to notify Fintech Operators also known as Point of Sales (POS) Operators that the initial deadline of 7th July 2024 given for the registration of sole Agents, Super Agents, and Agents has been extended for a period of sixty days beginning from 7th July 2024 to the 5th September 2024. This is to give sufficient time to Operators particularly those in remote areas who might have encountered network challenges to so register and continue with their businesses. Operators who fail or refuse to register at the end of the extended deadline run the risk of losing such businesses and prosecution for aiding and abetting criminal activities.”
Tackling Registration Issues
Following the May announcement, several PoS operators reported challenges with the CAC’s registration portal. In light of these issues, Lagos State Governor Babajide Sanwo-Olu, represented by Deputy Governor Dr. Obafemi Hamzat, called on the CAC to streamline the process.
During a visit from CAC Registrar-General Mr. Hussaini Magaji, Governor Sanwo-Olu proposed adopting a system akin to the state tax card, which efficiently manages infrastructure needs without burdening businesses. He also highlighted the necessity for increased sensitization to dispel the perception that CAC registration is overly complicated. The Lagos State government has expressed its willingness to collaborate with the CAC to facilitate a smoother registration process for businesses.
Business
Disneyland Increases Ticket Prices for Peak Days and Annual Passes
Disneyland has announced a price increase for tickets during its busiest days, effective immediately. While the entry-level ticket will remain at $104, as it has for the past six years, other tiers based on demand will see price hikes ranging from $7 to $12, marking an increase of about 6%. The price hikes affect tickets for high-demand periods such as holidays and school vacations.
In addition to single-day tickets, the cost of Disneyland’s Magic Key annual passes will rise by between $100 and $125, depending on the tier, with increases ranging from 6% to 20%. The new prices include $599 for the Imagine pass, $974 for the Enchant pass, $1,374 for the Believe pass, and $1,749 for the Inspire pass.
Despite the increases, Disneyland is offering discounted options for visitors during off-peak times. A $50 children’s ticket offer will be available starting on October 22 for use beginning January 7. Additionally, a promotion allows a family of four to visit the park for $308 in January or February—two $104 adult tickets and two $50 children’s tickets.
Jessica Good, a Disneyland Resort spokesperson, emphasized that Disney continues to provide a wide range of ticketing, dining, and accommodation options, along with promotional offers throughout the year, aiming to make the park accessible to as many families as possible.
The tiered ticket system, similar to pricing models in the airline and hotel industries, is designed to balance demand throughout the year. Tickets in the highest demand Tier 6, for holidays like Christmas and Halloween, will increase to $206 per ticket.
While the cost of Disney’s theme park experiences has drawn criticism from some consumers, the company maintains its commitment to offering budget-friendly options for guests who visit during less busy periods.
Business
Travelers Brace for Hurricane Milton: Airlines, Theme Parks, and Cruise Lines Adjust Plans
With Hurricane Milton rapidly approaching Florida’s west coast, travel plans across the region are being significantly disrupted. The Category 4 storm, carrying winds of up to 145 mph, has triggered widespread cancellations, route changes, and closures as airlines, theme parks, and cruise lines prepare for its anticipated landfall on Wednesday.
Florida Governor Ron DeSantis declared a state of emergency across more than 50 counties, with the National Oceanic and Atmospheric Administration (NOAA) warning that Hurricane Milton is expected to hit Florida’s west coast with dangerous force.
Airports are taking precautionary measures, with Tampa International Airport suspending operations early on Tuesday, stating that it will “reopen when safe to do so.” Orlando International Airport, a major hub, announced it will close by 8 a.m. on Wednesday. Southwest Airlines, which accounts for a significant portion of flights in and out of Orlando, has already canceled 402 flights for Wednesday. FlightAware reports that over 85% of flights at Orlando International Airport have been grounded for the day, with many more cancellations at Tampa and Southwest Florida International airports.
Theme parks are also responding to the storm. Busch Gardens Tampa will be closed from Tuesday through Thursday, while SeaWorld Orlando remains open for the time being but continues to monitor Hurricane Milton’s path closely.
Cruise lines have been proactive as well, with Carnival informing passengers that ports in Jacksonville, Tampa, and Miami are likely to close. As a result, several routes and destinations have been altered to steer clear of the storm’s impact.
As Hurricane Milton nears, travelers and local residents are urged to stay informed and adjust plans accordingly, with further disruptions expected in the coming days.
Business
States Sue TikTok, Alleging Impact on Teen Mental Health Crisis
A coalition of 14 U.S. states has filed lawsuits against TikTok, accusing the social media giant of exacerbating a mental health crisis among teenagers. The bipartisan group of attorneys general claims the platform’s addictive features target young users, misleading the public about the safety of prolonged use, and contributing to negative mental health outcomes.
In the lawsuit, filed in New York, the attorneys general argue that TikTok intentionally designed features that drive compulsive use, negatively affecting millions of teens. New York Attorney General Letitia James stated that TikTok’s influence has led to tragic incidents, including the death of a 15-year-old boy in Manhattan, who died while “subway surfing” after watching similar videos on TikTok.
James emphasized that many teenagers are struggling with increased anxiety, sadness, and depression, attributing some of these effects to the app’s alerts, disappearing videos, and beauty filters. These features, she said, encourage constant checking of the platform and contribute to issues surrounding body image.
TikTok, which is already grappling with legislation that could ban it from the U.S. unless its parent company, Bytedance, sells the app, called the lawsuit “disappointing.” The platform contends that it has introduced tools to limit screen time and content exposure, but the lawsuit claims these tools are ineffective.
In addition to the mental health accusations, the lawsuit also points to TikTok’s virtual currency as running an unlicensed money transmission business in Washington D.C. The plaintiffs seek financial penalties and a court order to halt TikTok’s practices that allegedly harm teenagers.
TikTok has responded by defending its efforts to protect young users, stating, “We strongly disagree with these claims,” and reaffirming their commitment to improve the platform.
-
Spotlight2 days ago
Discover the Best Hotels in Ojodu: A Stay at Mountain Top Suites and Apartments
-
News4 days ago
Florida Reels as Hurricane Milton Leaves Six Dead and Destruction in its Wake
-
Entertainment1 day ago
Chris Brown Concert Sparks Debate on Gender-Based Violence in South Africa
-
Sports1 day ago
Sinner Triumphs in Shanghai, Denies Djokovic’s 100th Title Bid
-
Politics1 day ago
Trump Vows to Impose Massive Tariffs to Protect American Car Industry
-
Tech4 days ago
Microsoft Unveils AI Tools to Support Doctors and Nurses and Ease Workload
-
News1 day ago
Over 60 Injured in Drone Strike on Northern Israel
-
Entertainment3 days ago
Coldplay’s ‘Moon Music’ Dominates UK Charts, Outselling Entire Top 40