Author: Editor

Sokoto State government has announced measures to address the acute shortage of potable water confronting residents, amidst high temperatures of over 42 degrees Celsius. However, there have been reports that taps have gone dry and residents have been scampering to source water wherever available. To assuage the situation, the state Commissioner for Water Resources, Yusuf Maccido, said the government had set up a committee headed by the Deputy Governor, Idris Gobir, to deploy water tankers across the localities to provide immediate relief to residents. The committee would also overhaul all broken-down water pumping engines and ensure the dredging of 72…

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A non-profit organisation, Association of Nigerian Physicians in America, has promised to give free healthcare delivery to no fewer than 5,000 Nigerians. It also said it would empower more than 100 healthcare givers in the country to ensure effective healthcare delivery in that regard. The president of the association, Dr Chinyere Anyaogu, made the promise at a news conference in Lagos on Thursday evening. Anyaogu said that it was part of the activities to commemorate the organization’s week when members in the diaspora would come back to provide medical care to those who could not access such care. She said…

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President Bola Tinubu says Nigeria’s economy is at a turning point and requires the support of the private sector for sustained growth and prosperity. Speaking during Iftar on Thursday in Abuja with members of the Nigerian business community, the President expressed gratitude for their support and pledged to engage with them more frequently. ‘’I would have summoned you before now, not during Ramadan because you are a very valuable part of my constituency. ‘’There is no driver of the economy that is bigger than the private sector. If the private sector is not flourishing, there is no growth, no prosperity,…

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In a bid to promote voluntary blood donation in the country, the Nigerian Institute of Medical Research (NIMR) has unveiled “Blood Hub”, a digital blood donor management system. The Director-General of NIMR, Prof. Babatunde Salako, who spoke during the unveiling said blood hub was initiated to solve the problem of blood donation and transfusion services using technology. Salako said the initiative was made possible in collaboration with the National Blood Service Commission (NBSC) and the National Centre for Science and Technology Management (NACATEM), among others. He said:” We have a few researchers here who collaborated with other agencies, especially like…

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A multinational technology company, Microsoft on Thursday said that Artificial Intelligence (AI) had the potential to contribute up to USD15.7 trillion to global economy by 2030. A Commercial Lawyer with Microsoft Africa, Theo Watson, made this known in his presentation, “AI Opportunity in Africa” at the African AI Journalists Academy via Microsoft Team. While emphasising the opportunities AI could bring to Africa, Watson said that of the USD15.7 trillion AI could generate, USD1.2 trillion could be generated in Africa. He noted that the USD 1.2 trillion represented a 5.6 per cent increase in the continent’s GDP by 2030. Watson, however,…

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The Naira gained at the official market as it traded at N1,255.07 to a dollar on Thursday. Data from the official trading platform of the FMDQ revealed that the Naira gained N7.78. ALSO READ Explainer: What is Renewed Hope Infrastructure Fund? This represents a 0.62 percent appreciation when compared to the previous day’s trading on Wednesday, exchanging at N1,262.85 to a dollar. ALSO READ: Microsoft forecasts AI will contribute $15.7trn to global economy by 2030 However, the total turnover increased to $138.99 million on Thursday, up from $166.18 million recorded on Wednesday. Meanwhile, at the Investor’s and Exporters (I&E) window,…

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 The stock market of the Nigerian Exchange Ltd. (NGX) witnessed a continued downturn on Thursday, with market capitalization dropping by N252 billion. Specifically, the market capitalization closed at N58.653 trillion, as against N58.905 trillion posted on Wednesday, representing a 0.43 percent decrease. Similarly, the All-Share Index also fell by 445.24 points or 0.43 percent, closing at 103,736.08 points from 104,181.32 recorded on Wednesday. This decline pushed the Year-To-Date (YTD) return down to 38.73 percent. ALSO READ: Transactions on NGX decline by 13.81% Bearish sentiment affected key stocks such as MTN Nigeria and Tier-one banks, namely; Guaranty Trust Holding Company (GTCO),…

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