Oct 26 – CBN Announces Naira Redesign
Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, announced that new Naira notes would be introduced to replace the current 200, 500, and 1,000 Naira notes.
The Naira redesign took effect on Thursday, December 15, 2022, and existing notes will seize to be regarded as legal tender by January 31, 2023.
Oct 27 – Elon Musk takes over Twitter as CEO
Elon Musk, a business tycoon, finally acquired Twitter for $44 billion in October, after a legal struggle. After the takeover, He dismissed Twitter’s senior executives, CEO Parag Agarwal, CFO Ned Segal, and director of legal policy, trust, and safety Vijaya Gadde.
Nov 3 – WhatsApp Introduces Communities
WhatsApp on November 3, 2022 officially launched Communities, which brought a number of new features to the messaging platform, including admin controls, support for sub-groups and announcement groups, 32-person voice and video calls, larger-file sharing, emoji reactions and polls.
Communities themselves can support groups of up to 1,024 users and offer end-to-end encryption.
Some of the features developed for Communities, like emoji reactions, large-file sharing up to 2GB and the ability for admins to delete messages, had already made their way to the WhatsApp platform ahead of the launch. Now, the company says polls, 32-person video calls and larger group sizes will also be supported on WhatsApp more broadly outside of Communities.
Nov 15 – World population passes over 8 billion
The United Nations reported that the world population reached 8 billion on November 15 with the largest contribution coming from India (UN). India contributed 177 million to the overall total.
In 2023, India will also achieve another milestone when it is predicted to overtake China as the world’s most populated country. According to the UN, China is expected to have a detrimental impact on the next billion people in the world.
One billion people were added to the population during 11 years, with population growth subsequently declining. The UN estimates that it may take 15 years for the population to reach nine billion, and it does not anticipate that it will reach 10 billion until the year 2080.
Eight nations—the Democratic Republic of the Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, the Philippines, and the United Republic of Tanzania—will account for more than half of the expected growth in the world’s population by 2050.
About 70% of the population growth from 7 to 8 billion people occurred in low- and lower-middle-income countries. The UN noted that these two categories are anticipated to account for more than 90% of global growth during the jump from 8 to 9 billion people.