Twitter has introduced temporary limit to the number of posts users can read daily on the platform in a bid to tackle issues around data and systems manipulation.
With this new directive, verified users will have access to 6,000 posts daily, while unverified and new users will be allowed to read 600 and 300 posts, respectively.
The owner of Twitter, Elon Musk who disclosed this via his Twitter handle, did not disclose when the temporary restrictions would commence nor for how long they would last.
Musk explained that, “to address extreme levels of data scraping and system manipulation, we have applied the following temporary limits.
“Verified accounts are limited to reading 6,000 posts per day. Unverified accounts to 600 posts per day. New unverified accounts to 300 per day.”
In a related tweet, the billionaire added that, limits to users’ readership would be increased subsequently by about 33 per cent.
Rate limits increasing soon to 8,000 for verified, 800 for unverified, and 400 for new unverified, Musk added.“These initiatives include, inter alia, to promote financial inclusion by leveraging various channels and touchpoints, especially our electronic platforms with the aim of reaching out to the unbanked populace; and to be recognized as the market leader in the non-interest banking industry in Nigeria,
“We also plan to open 110 branches across state capitals/major commercial centres before 2024 and to offer non-interest banking products and services to underserved markets; to grow our agency network to 100,000 active agents by 2025 thereby reducing the financial exclusion rate; to grow our customer base to at least four million by 2027; and to achieve a minimum customer satisfaction score of 85 percent,” he in the statement.
A financial expert and an independent non-executive director of the bank, Alhaji Tata Shekaru Omar, lauded the board and management for innovatively positioning TAJBank at the leading edge of competition in the nation’s increasingly dynamic financial services market.
He enthused: “TAJBank is just barely four years of age and that it was able to make profit in its first year of operation is great and cheery news for all its stakeholders.
I want to say kudos to the MD and the entire team for such a feat, especially that the bank is now giving out dividends to shareholders.
“TAJBank deserves the congratulations it is getting as an institution because it has achieved a lot and this needs to be commended. The bank has continued to make great strides and now it is even expanding in terms of branches. TAJBank continues to make a statement that non-interest banking is here to stay and the way to go,” he added.
