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Nigeria emphasizes commitment to advanced aviation solutions at ICAO symposium

The Minister of Aviation and Aerospace Development, Festus Keyamo SAN, emphasized the nation’s commitment to sustainable and innovative aviation solutions. Keyamo made this pledge at the International Civil Aviation Organisation’s inaugural Advanced Air Mobility Symposium. The three-day event, themed “Advanced Air Mobility (AAM) Global Harmonisation and Interoperability: Challenges and Opportunities.” This is part of ICAO’s […]

Sony unveils advanced PlayStation 5 Pro
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Sony unveils advanced PlayStation 5 Pro

Sony has unveiled the PlayStation 5 Pro, an advanced iteration of its flagship gaming console, set to launch on November 7 with a price tag of $699.99. This new version promises enhanced graphics and performance, offering a significant upgrade for enthusiasts seeking the best gaming experience. The PlayStation 5 Pro will come without a disc […]

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Nigerians own about half of Liberia’s commercial banks – Liberian VP

Liberia’s Vice President, Jeremiah Kpan Koung, announced that Nigerian investors now own approximately half of Liberia’s commercial banks. This was disclosed by the Liberia’s Vice President at the 17th Annual Banking & Finance Conference organized by the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja on Tuesday, according to Nairametrics. Koung commended Nigerian banks […]

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Regulatory costs may hinder Nigeria’s banking sector growth — Elumelu

The Chairman of UBA Group, Tony Elumelu has stated that the Nigerian banking sector faces challenges that could hinder its growth and innovation due to high regulatory and compliance costs. Speaking at the CIBN 17th Annual Banking & Finance Conference on Tuesday. Elumelu highlighted that high regulatory and compliance costs are exerting undue pressure on […]

Australia moves to limit social media for children
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Australia moves to limit social media for children

Australia is moving to implement one of the world’s first minimum age limits for social media use, citing increasing concerns about the impact on children’s mental and physical health. Prime Minister Anthony Albanese announced the initiative, part of a broader effort to mitigate social media’s harmful effects on society. “I want to see kids off […]

OpenAI mulls $500bn valuation in employee share sale talks
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OpenAI to launch new AI model “Strawberry”

OpenAI plans to release a new artificial intelligence model called “Strawberry,” designed to enhance reasoning capabilities, as part of its ChatGPT service in the next two weeks, according to a report from The Information on Tuesday. The report, citing two individuals who have tested the model, suggests that Strawberry sets itself apart by focusing on […]

Microsoft plans for collaboration with AI agents
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Microsoft to hold cybersecurity summit after server outage

Microsoft will host a summit on Tuesday to address steps for strengthening cybersecurity systems, following a global IT outage in July caused by a faulty software update from security firm CrowdStrike. The outage affected nearly 8.5 million Windows devices and disrupted operations across sectors including airlines, banking, and healthcare. This summit, held at Microsoft’s Redmond, […]

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Zenith Bank extends public offer, rights issue deadline

Zenith Bank Plc has extended the deadline for its ongoing Rights Issue and Public Offer by two weeks, moving the closing date from September 9, 2024, to September 23, 2024. The extension follows disruptions caused by nationwide protests that began on the offer’s launch date, which have affected business operations and investor mobility across the […]

FG targets affordable house ownership, unveils mortgage fund
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FG targets affordable house ownership, unveils mortgage fund

The Ministry of Finance has launched a new initiative to expand affordable homeownership through a market-driven mortgage fund in Nigeria. The fund, part of the One Million Homes Presidential Initiative, was introduced by the Minister of Finance, Mr. Wale Edun, as a strategic move to increase access to housing, particularly for pension account holders. Dubbed […]

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Manufacturers pay N405.86bn in tax amid economic crunch

The Nigerian manufacturing sector has reported a notable increase in tax contributions, reaching a nine-month high of N405.86 billion in the second quarter of 2024 despite ongoing economic challenges. According to the National Bureau of Statistics. total tax payments by manufacturers, encompassing both Company Income Tax and Value Added Tax amounted to N405.86 billion in […]