Economy
The Peril of Screen Addiction Among Toddlers and the Roles of Parents to Prevent the Scourge
By Rotimi Onadipe
In today’s digital age, technology is an essential tool in our daily lives but when used excessively it may have negative impacts on the spiritual, emotional and physical wellness of users. It may also change the way the human brain processes information.
These dangerous signs are now manifesting among toddlers. Most children within age 1 to 3 are no longer interested in playing with other toys except screen devices e.g. laptop, iPad, iPhone, tablet etc. All they want is to sit down in front of a screen or click on any App that is available on the home screen of electronic devices.
Screen device is now the first thing they view in the morning and the last thing they view in the night before they go to bed. Many of them are addicted to gaming, watching videos or pornographic materials.
Compulsive use of screen devices e.g. computers, iPads, iPhones or watching videos among young children is a problem that can negatively affect their relationship with parents, academic performance or other aspects of their daily lives.
In most cases the faults are from parents because many parents now entertain their children, particularly toddlers with screen devices, not minding the side effects. Many of these young children are so addicted to screen devices to the extent that when they are denied access to these devices, they will cry and they won’t stop crying until they are given access to the devices.
The scourge of screen addiction among young children is a global challenge and it had caused a lot of incalculable damages to society.
For instance, a few years ago, there were several news reports of children, particularly minors that died after following the stunt they saw on the video games they were addicted to.
What are the warning signs that a child is addicted to a screen device?
- When the first thing a child views in the morning and the last thing he/she views before going to bed is a screen device.
- When his/her grades are dropping in school.
- Spending too much time with a screen device.
- Having no interest in other toys except screen devices.
- Feeling happy only when gaming or using screen device but feeling unhappy when he/she is denied access to screen device.
- When parents and family complain about the amount of time spent on screen devices.
- When a child complains of headache or neck pain regularly.
- When staying with screen device is the only thing that makes a child happy.
- When screen time interferes with other daily activities.
- When all efforts by parents to reduce the amount of time spent on screen devices prove abortive.
Lasting solutions to screen addiction among toddlers:
- All children should be educated about internet safety.
- Parents should encourage young children to meaningful screen use.
- Screen time should be limited to only weekends.
- Parents should supervise screen use.
- Parents should always organise real-life programs.
- Parents should delete all Apps that the children don’t really need on the devices.
- Parents should always turn off all screen devices belonging to children after use and keep them away from them until the next time they want to use them.
Rotimi Onadipe is the CEO of Onadipe Technologies, and National Coordinator of Internet Abuse Awareness & Prevention Project, Nigeria. He can be reached via +234-8169121819 or [email protected]
Economy
Customs Street Chalks up 0.12% on Santa Claus Rally
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited witnessed Santa Claus rally on Wednesday after it closed higher by 0.12 per cent.
Strong demand for Nigerian stocks lifted the All-Share Index (ASI) by 185.70 points during the pre-Christmas trading session to 153,539.83 points from 153,354.13 points.
In the same vein, the market capitalisation expanded at midweek by N118 billion to N97.890 trillion from the preceding day’s N97.772 trillion.
Investor sentiment on Customs Street remained bullish after closing with 36 appreciating equities and 22 depreciating equities, indicating a positive market breadth index.
Guinness Nigeria chalked up 9.98 per cent to trade at N318.60, Austin Laz improved by 9.97 per cent to N3.20, International Breweries expanded by 9.85 per cent to N14.50, Transcorp Hotels rose by 9.83 per cent to N170.90, and Aluminium Extrusion grew by 9.73 per cent to N16.35.
On the flip side, Legend Internet lost 9.26 per cent to close at N4.90, AXA Mansard shrank by 7.14 per cent to N13.00, Jaiz Bank declined by 5.45 per cent to N4.51, MTN Nigeria weakened by 5.21 per cent to N504.00, and NEM Insurance crashed by 4.74 per cent to N24.10.
Yesterday, a total of 1.8 billion shares valued at N30.1 billion exchanged hands in 19,372 deals versus the 677.4 billion shares worth N20.8 billion traded in 27,589 deals in the previous session, implying a slump in the number of deals by 29.78 per cent, and a surge in the trading volume and value by 165.72 per cent and 44.71 per cent apiece.
Abbey Mortgage Bank was the most active equity for the day after it sold 1.1 billion units worth N7.1 billion, Sterling Holdings traded 127.1 million units valued at N895.9 million, Custodian Investment exchanged 115.0 million units for N4.5 billion, First Holdco transacted 40.9 million units valued at N2.2 billion, and Access Holdings traded 38.2 million units worth N783.3 million.
Economy
Yuletide: Rite Foods Reiterates Commitment to Quality, Innovation
By Adedapo Adesanya
Nigerian food and beverage company, Rite Foods Limited, has extended warm Yuletide greetings to Nigerians as families and communities worldwide come together to celebrate the Christmas season and usher in a new year filled with hope and renewed possibilities.
In a statement, Rite Foods encouraged consumers to savour these special occasions with its wide range of quality brands, including the 13 variants of Bigi Carbonated Soft Drinks, premium Bigi Table Water, Sosa Fruit Drink in its refreshing flavours, the Fearless Energy Drink, and its tasty sausage rolls — all produced in a world-class facility with modern technology and global best practices.
Speaking on the season, the Managing Director of Rite Foods Limited, Mr Seleem Adegunwa, said the company remains deeply committed to enriching the lives of consumers beyond refreshment. According to him, the Yuletide period underscores the values of generosity, unity, and gratitude, which resonate strongly with the company’s philosophy.
“Christmas is a season that reminds us of the importance of giving, togetherness, and gratitude. At Rite Foods, we are thankful for the continued trust of Nigerians in our brands. This season strengthens our resolve to consistently deliver quality products that bring joy to everyday moments while contributing positively to society,” Mr Adegunwa stated.
He noted that the company’s steady progress in brand acceptance, operational excellence, and responsible business practices reflects a culture of continuous improvement, innovation, and responsiveness to consumer needs. These efforts, he said, have further strengthened Rite Foods’ position as a proudly Nigerian brand with growing relevance and impact across the country.
Mr Adegunwa reaffirmed that Rite Foods will continue to invest in research and development, efficient production processes, and initiatives that support communities, while maintaining quality standards across its product portfolio.
“As the year comes to a close, Rite Foods Limited wishes Nigerians a joyful Christmas celebration and a prosperous New Year filled with peace, progress, and shared success.”
Economy
Naira Appreciates to N1,443/$1 at Official FX Market
By Adedapo Adesanya
The Naira closed the pre-Christmas trading day positive after it gained N6.61 or 0.46 per cent against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, December 24, trading at N1,443.38/$1 compared with the previous day’s N1,449.99/$1.
Equally, the Naira appreciated against the Pound Sterling in the same market segment by N1.30 to close at N1,949.57/£1 versus Tuesday’s closing price of N1,956.03/£1 and gained N2.94 on the Euro to finish at N1,701.31/€1 compared with the preceding day’s N1,707.65/€1.
At the parallel market, the local currency maintained stability against the greenback yesterday at N1,485/$1 and also traded flat at the GTBank forex counter at N1,465/$1.
Further support came as the Central Bank of Nigeria (CBN) funded international payments with additional $150 million sales to banks and authorised dealers at the official window.
This helped eased pressure on the local currency, reflecting a steep increase in imports. Market participants saw a sequence of exchange rate swings amidst limited FX inflows.
Last week, the apex bank led the pack in terms of FX supply into the market as total inflows fell by about 50 per cent week on week from $1.46 billion in the previous week.
Foreign portfolio investors’ inflows ranked behind exporters and the CBN supply, but there was support from non-bank corporate Dollar volume.
As for the cryptocurrency market, it witnessed a slight recovery as tokens struggled to attract either risk-on enthusiasm or defensive flows.
The inertia follows a sharp reversal earlier in the quarter. A heavy selloff in October pulled Bitcoin and other coins down from record levels, leaving BTC roughly down by 30 per cent since that period and on track for its weakest quarterly performance since the second quarter of 2022. But on Wednesday, its value went up by 0.9 per cent to $87,727.35.
Further, Ripple (XRP) appreciated by 1.7 per cent to $1.87, Cardano (ADA) expanded by 1.2 per cent to $0.3602, Dogecoin (DOGE) grew by 1.1 per cent to $0.1282, Litecoin (LTC) also increased by 1.1 per cent to $76.57, Solana (SOL) soared by 1.0 per cent to $122.31, Binance Coin (BNB) rose by 0.6 per cent to $842.37, and Ethereum (ETH) added 0.3 per cent to finish at $2,938.83, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.
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