With the lingering crises between the telecommunications and deposit money banks (DMBs) now getting more intense, the Association of Licensed Telecoms Operators of Nigeria (ALTON) said its members have been asked to give individual debtor banks an ultimatum. The ultimatum, The Guardian learnt, would be at the preference of the …
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G7 leaders meeting in Japan will discuss sanctioning Russia’s billion-dollar diamond trade, an EU official said Thursday, hoping to further starve Moscow of funds for its war in Ukraine. “We believe we need to limit exports from Russian trade in this sector,” the official said, adding that the G7 was …
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The Federal Government says the Federal Ministry of Aviation has been renamed as the Ministry of Aviation and Aerospace of Nigeria The Minister of Aviation, Senator Hadi Sirika, made the announcement in Abuja on Wednesday, moments after the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari. Sirika …
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THE African Agricultural Technology Foundation, AATF, weekend, explained why former President Goodluck Jonathan was appointed ‘Africa Ambassador for Agricultural Technology’, which was based on the indelible agricultural initiatives he reeled out to take Nigeria’s agricultural sector to an enviable height with various policies, programmes and projects. Speaking in an interactive …
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Amid confusion surrounding the fuel subsidy removal, the Secretary to the Government of the Federation, Boss Mustapha, said the country spent N13 trillion on subsidies payment from 2005-2021. The Secretary to the Government of the Federation (SGF), Boss Mustapha, stated this on Monday in Abuja during the launch of the …
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The World Health Organization (WHO) is calling for caution to be exercised in using artificial intelligence (AI) generated large language model tools (LLMs) to protect and promote human well-being, human safety, and autonomy, and preserve public health. LLMs include some of the most rapidly expanding platforms such as ChatGPT, Bard, …
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The African Development Bank (AFDB) has developed financial instruments to “fast track and front load” $3.5 billion in compensation to white farmers whose land was taken from them by Zimbabwe’s government, the bank’s president said on Monday. Akinwumi Adesina’s announcement, which did not include details of the proposed instruments, comes …
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Zimbabwe has concluded a fourth Structured Dialogue Platform meeting on debt clearance with creditors and development partners. President Emmerson Mnangagwa of #Zimbabwe, Akinwumi Adesina, President of the African Development Bank, Joaquim A. Chissano, former President of #Mozambique, Constantino G. D. N. Chiwenga, Vice President of Zimbabwe, government ministers, development partners …
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Frustration toward US weaponization of greenback behind local currency settlement deals Efforts by countries to replace the US dollar in international trade will reach a new high when BRICS nations discuss the feasibility of introducing a common currency at a summit in South Africa later this year, Chinese experts said …
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The Federal Republic of Nigeria and the International Trade Financing Corporation (itfc) have signed a one billion dollars framework agreement for the next couple of years. Jaiz Bank has also signed a $10 million agreement for the Murabaha financing facility. The signing ceremony took place on Saturday at the four …
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