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Once Upon A Time – October 7 – 1919 –  Oldest Airline In Existence KLM, Royal Dutch Airlines Is Established

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1571 Battle of Lepanto: The Holy Alliance of Southern European nations founded by Pope Pius V destroys an Ottoman fleet in a significant loss off the western coast of Greece.

1737 A tornado causes 40-foot waves estimated to kill 300,000 people in Calcutta, India.

1763 George III of Great Britain issues the Proclamation of 1763, closing the North American lands north and west of the Alleghenies to white settlement.

1919 Founding of KLM, Royal Dutch Airlines (oldest airline in existence)

2001: The US invasion of Afghanistan begins with an air assault and covert ground operations.

FG Spent N912.32bn to Service CBN Loan In 3 Months

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The Federal Government paid an interest of N912.32bn in the first quarter of 2023 on the loan it got from the Central Bank of Nigeria through Ways and Means Advances, according to recent findings.

This amount was stated in the Q1, 2023 Budget Implementation Report by the Budget Office of the Federation.

The amount spent paying interest on this loan is 161.47 per cent higher than the N348.92bn spent in the same quarter of 2022.

The Federal Government earlier planned to spend N1.2tn on servicing the loans it got from the CBN through the Ways and Means Advances.

CBN ‘Ways and Means’ loan to the FG rise to N20 trillion as of June 2022

This meant that the government planned to spend about N300bn quarterly.

However, it had spent about 76.03 per cent of its budget for the interests on the ways and means advances.

Ways and Means Advances is a loan facility used by the central bank to finance the government in periods of temporary budget shortfalls subject to limits imposed by law.

According to Section 38 of the CBN Act, 2007, the apex bank may grant temporary advances to the Federal Government with regard to temporary deficiency of budget revenue at such rate of interest as the bank may determine.

The Act read in part, “The total amount of such advances outstanding shall not at any time exceed five per cent of the previous year’s actual revenue of the Federal Government.

“All advances shall be repaid as soon as possible and shall, in any event, be repayable by the end of the Federal Government financial year in which they are granted, and if such advances remain unpaid at the end of the year, the power of the bank to grant such further advances in any subsequent year shall not be exercisable, unless the outstanding advances have been repaid.”

The Act placed a limit of five per cent on how much the Federal Government could borrow, although the previous administration severely violated the limit.

However, the House of Representatives of the 9th National Assembly, amid protest, approved an amendment to the CBN Act, raising the ceiling of Ways and Means Advances from the apex bank from five to 15 per cent of the Federal Government’s previous year’s revenue.

The House gave the approval at an emergency sitting, in concurrence with the Senate, which held an emergency plenary to consider and approve some economic bills.

The National Assembly made the move amid criticisms that the Federal Government had obtained WMAs beyond the five per cent threshold of the CBN.

NCC Calls For More Investment In Data Centre Operations

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The Nigerian Communication Commission (NCC) has called for more investment in data centre operations and the need for Nigeria to take advantage of the opportunities to further deepen data governance in the country.

The Executive Vice Chairman of NCC, Prof. Umaru Danbatta, said this during the Telecoms Sector Sustainability Forum (TSSF) 4.0 organised by Business Remarks in Lagos, South-West, Nigeria.

Danbatta who was represented by Head, Tariff Administration NCC, Sunday Atu said there is need for support to ensure data centres not only operate to guarantee national digital sovereignty, but also prioritise contents reflecting the country’s cultural norms, contexts and ideological values.

According to the commission’s Boss, by providing a reliable and secure environment for the services they offer within a well-nurtured policy and regulatory framework, Nigeria represents an attractive destination for more investment in data centre services and operations.

Danbatta, added that the implication of such investments on jobs in the construction, operation, and maintenance of these data centres can only be imagined.

He noted that Africa has recently assumed a new frontier and compelling destination for global Big Tech players.

These, he said, “include Google’s Equiano subsea fibre cable spanning 15,000 km from Portugal to South Africa with strategic landing points in Nigeria and Namibia and expected to increase connectivity more than five-fold within Nigeria while creating an expected 1.6m jobs and Meta’s 2Africa subsea cable scheduled for launch next year and which connects 16 African countries.”

Prof. Danbatta who spoke on the theme “Mainstreaming Data Centres in the Nigerian Digital Economy” said the Federal Government of Nigeria has taken laudable steps to encourage and support data centres services in the country in its drive to ensure data sovereignty.

“This is encapsulated in the National Digital Economy Policy Strategy (NDEPS) Pillar number 3 on Solid Infrastructure which states that; The Government will Promote the Development and Deployment of robust and scalable data center infrastructure. It therefore goes to show that these centres and their potential to attract foreign investment remain massive”

He said data was regarded as the new oil globally with increasing intensity in the context of the emerging digital economy.

Danbatta explained that data had become a subject of special consideration by regimes, requiring appropriate structures and frameworks to truly tap and optimise the opportunities provided by this new order.

He noted that data centre services, no doubt, held the keys to the ultimate crystallisation of the new line of thinking within the ICT sector and by extension to the greater national economy of nations in so many ways.

The Chief Executive Officer of Medallion Data Centre Ltd., In his remark, Ikechukwu Nnamani, said “If we look at other parametres Nigeria should be at the fore front of data centre industry in Africa.

“Unfortunately we are lagging behind and surprisingly African countries like South Africa and Egypt are way ahead of Nigeria “He stated.

Capacity Building: Pantami Tasks NCC On Effective Performance

He explained that from the Gross Domestic Product (GDP) point, broadband connectivity, and in terms of mobile subscription, Nigeria had significantly lower figures than other African countries.

Nnamani stressed the need for Nigeria to be put in its rightful position as the giant of Africa, not just in terms of population, but also in the area of quality of life of citizens, GDP and the digital benefits.

The Converner of the Forum, Mrs. Bukola Olanrewaju stressed the pivotal role data centres played in the digital era, saying beyond data storage and accessibility, they underpinned the digital world, fuelling economic growth, environmental sustainability and data security.

Olanrewaju said currently, there were only 86 colocation data centres in 15 African countries, with the majority concentrated in the big four African countries, which included South -Africa , Egypt, Nigeria and Kenya.

Quoting an Allied Market Research, She said the global data centre market was valued at 187.35 billion dollars in 2020 and was anticipated to reach 517.17 billion by 2030.

According to Olanrewaju, data centres, alongside fibre optic broadband expansion and telecom towers, are poised to become the new backbone of Africa’s economic growth.

Fuel Queues Return as Marketers Halt Imports

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Seven oil marketers, who imported Premium Motor Spirit, popularly called petrol, about a month ago, have stopped bringing in the commodity into the market, leading to pockets of scarcity in some parts of the country.

It was gathered on Friday that the only importer of PMS at the moment was the Nigerian National Petroleum Company Limited, as many depots and filling stations now lack petrol, leading to queues in outlets that dispensed fuel.

The last private dealer, Petrocam, that imported petrol into Nigeria recently, cannot sell it due to the return of subsidy on the product and the insistence of the NNPCL not to raise the pump price.

Queues Resurface As Oil Prices Climb to $95 Per Barrel

Oil marketers told news correspondent that before last month, whenever they brought in the product, they would convince the NNPCL to raise the price in line with the landing cost.

This was due to the fact that President Bola Tinubu had announced the stoppage of subsidy payment on petrol. The cost of the commodity was raised twice to reflect the real pump price, as marketers resumed its importation at the time.

But following the harsh economic realities in the country and threats by labour unions to ground the economy should petrol price increase again, the government, through NNPCL, stopped raising the cost of the product.

This made the marketers to halt its importation, leaving only the NNPCL to continue importing it.

But the marketers explained that the NNPCL currently had so many retail outlets and was struggling to meet their demands, not to talk of supplying to third parties.

National President, Natural Oil and Gas Suppliers Association of Nigeria, Benneth Korie, had earlier confirmed that a lot of depots were presently out of stock.

Meanwhile, the NNPCL debunked claims that it was planning to increase the pump price of petrol.

In a post on its X handle on Friday, it said, “Dear esteemed customers, we at NNPC Retail value your patronage and we do not have the intention to increase our PMS pump prices as widely speculated.

“Please buy the best quality products at the most affordable prices at our NNPC Retail stations nationwide.”

Once Upon A Time – October 6 – 1882 – 1st World Series Baseball Game Holds In Cincinnati, U.S.A

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1917 Battle of Passchendaele: Canadian troops capture the village of Passchendaele in the Third Battle of Ypres, after 250,000 casualties on both sides.

1939 Adolf Hitler announced his intention to solve the Jewish problem

1948 Ashgabat earthquake kills 100,000 in Turkmen Soviet Socialist Republic

1949 US President Harry Truman signs the Mutual Defense Assistance Act (to NATO)

1951 Joseph Stalin announced that the Soviet Union had an atomic bomb

1956 Scientist Albert Sabin announces that his oral polio vaccine is ready for testing; it will soon replace Jonas Salk’s vaccine in many areas of the world

1882 1st World Series Baseball Game Holds In Cincinnati, U.S.A

Exploring Tianmen Mountain In China

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Tianmen Mountain is a famous mountain located next to Zhangjiajie city in northern Hunan province, People’s Republic of China.

The main peak, about 1,518 meters (4,982 feet) above sea level, is considered “Heaven’s Gate”, as it is the Chinese translation of Thien Mon Cave.

Thien Mon Cave until 263 was still a closed cave, but after the collapse of one side it opened up and today it is actually the tallest natural arch in the world, with exactly 999 steps leading up to it. This impressive location.

Also at the top of the mountain is the great Tianmen Temple, originally built during the Tang Dynasty and today newer structures of the Tang architectural style occupy the area.

To get to it, you can reach it by the world’s longest cable car, which takes about half an hour to reach the top. The adventures don’t stop there, however, and with the Cliff Walk and Glass Walk offering great views of the surrounding park, Chinese authorities have made the place attractive. more attractive to all visitors who want a different perspective. from China.

With so many wonders concentrated in one place, it’s no surprise that Tianmen Mountain is famous around the world, especially when it comes to events like Jeb Corliss’s successful flight on September 25, 2019. 2011, glided through the dome with his outfit. .

In short, a true Chinese monument must be protected from development and must remain so so that every visitor can see a different and inspiring China.

Heavy Rain, Strong Wind To Hit South China As Typhoon Koinu Reaches Coast

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Heavy rain and strong wind will hit south China over the next three days as Typhoon Koinu reaches the coast after killing one and injuring hundreds in Taiwan, where authorities were on Friday flying help to a badly hit island.

Typhoon Koinu, which means “puppy” in Japanese, will bring severe weather to the coasts of Guangdong province and neighbouring, China’s National Meteorological Centre (NMC) said, as it as it issued a yellow alert, the third highest in a four-coloured warning system.

Rainfall in Guangdong could reach more than 300 millimetres, the centre said.

Koinu killed one person and injured almost 400 people in Taiwan, causing some of the most extensive damage on remote Orchid Island off the east coast and home to about 5,000 people, although no one was injured on the island.

More than 70 boats were overturned or sunk in a harbour on the island, two schools were seriously damaged and power was cut.

Government and air force helicopters flew in engineers to restore electricity and telecommunications, though the first boats with supplies are not due to arrive on Orchid Island until early Saturday. Civilian flights remain suspended.

Guangdong province has suspended dozens of ferry routes since late Thursday and the NMC warned tourists to stay away from beach resorts on the last day of a week-long holiday on Friday.

Guangdong has also suspended 83 high-speed trains and closed 29 tourist sites, according to media and the government.

Fujian province also suspended dozens of ferries including services known as the “small three links” to Taiwan’s Kinmen and Matsu islands, the Xinhua news agency reported.

Koinu was travelling around 144 kph (89 mph) off the coast of the city of Shanwei as of 8 a.m. on Friday, said the NMC, slowing down from the 252 kph (156 mph) on Thursday in Taiwan.

It is expected to weaken into a strong tropical storm from late Friday and grow weaker as it heads west along China’s southern coast, it said.

Indian Himalayan Flash Floods: Death Toll Rises To 42, Scores Still Missing

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At least 42 people were killed after a glacial lake burst its banks and triggered flash floods in the Indian Himalayas this week, government officials said on Friday as rescuers kept searching for almost 150 missing.

The Lhonak Lake in the mountainous northeastern state of Sikkim overflowed on Wednesday after a cloudburst triggered torrential rains and an apparent avalanche, causing major flooding in the Teesta river.

It was one of the worst disasters in the region in more than 50 years and the latest in a series of extreme weather events that have caused widespread damage in South Asia’s Himalayas, blamed by scientists on climate change.

Authorities in Sikkim said the disaster, which came ahead of a popular festive and tourism season in the scenic state, had impacted the lives of 22,000 people.

Scientists and government authorities were working on an early warning system for glacial floods at Lhonak Lake which could have given people more time to evacuate if fully operational, officials involved in the project told Reuters.

Sikkim’s chief secretary Vijay Bhushan Pathak, the most senior bureaucrat, said rescuers had found 20 bodies in the state and 22 in the neighbouring downstream state of West Bengal.

The number of missing had risen to 142, including 15 army personnel, as people stepped up searches as the weather improved on Friday, he said.

Military helicopters made four attempts to evacuate tourists stranded in the higher reaches of the state but did not succeed due to bad weather, Pathak said, adding that they would try again on Saturday.

Bandana Chettri, a top official in the state tourism department, said all tourists, including more than 50 foreigners, were safe.

Earlier on Friday, Tseten Bhutia, a state official, said rescue and relief teams were struggling as areas in north Sikkim had been totally cut off.

About 2,400 people have been evacuated so far and 7,600 people were in relief camps, Bhutia said. Private and government institutions have been closed in the area until Oct. 15.

Photos and videos on social media showed roads and pathways covered with silt and stones, vehicles stuck and small, muddy streams flowing by hillsides.

Military equipment, including firearms and explosives, was washed away in the Teesta river, a defence ministry spokesperson said in a social media post.

The weather department said Sikkim received 101 mm (four inches) of rain in the first five days of October, more than double normal levels, unleashing floods worse than one in October 1968 in which an estimated 1,000 people died.

Heavy rain is forecast in parts of the region on Friday but the intensity of showers is likely to ease, the India Meteorological Department said.

Sikkim, a small Buddhist state of about 650,000 people which is wedged in the mountains between Nepal, Bhutan and China, has been cut off from Siliguri in West Bengal as the main highway, which links it to the rest of the country, had collapsed.

Jeff Bezon Launches Two Prototype Satellites For Broadband Mega-Constellation

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Jeff Bezos, the founder of the online retail giant Amazon, is expanding his interests in space.

On Friday, he launched two prototype satellites for a broadband mega-constellation he calls Project Kuiper.

Mr Bezos is planning to put up more than 3,200 spacecraft in the next few years to deliver internet connections to anywhere on the globe.

He hopes to challenge Elon Musk’s Starlink, which already offers satellite internet in many countries.

The two small satellites launching on Friday – KuiperSat-1 and KuiperSat-2 – will trial the necessary technology.

They were carried into a 500km-high (310 miles) orbit by an Atlas-5 rocket.

The flight from Cape Canaveral Space Force Station in Florida launched at 14:00 EDT (18:00 GMT).

Amazon began research and development on the $10bn (£8bn) Project Kuiper in 2018.

The ambition is to join the rapidly growing market for high-bandwidth, low latency (minimal delay) internet connections that are bounced across the sky, as opposed to through fibre connections on the ground.

Elon Musk’s SpaceX company is the leader in the field and already has more than 4,800 working spacecraft in orbit.

UK-based Eutelsat-OneWeb has also built out a network of 620 satellites, but the list of wannabes in the sector is growing all the time with similar projects announced in Canada, the EU, and China, in addition to proposals from other US companies.

Amazon has a licence from the US Federal Communications Commission (FCC) to use the necessary radio frequencies, but the terms of this licence demand that at least half of the Kuiper system is in orbit by July 2026, and that the full roll-out be completed by July 2029.

This will demand a furious launch campaign, and Amazon has agreements in place with rocket companies for almost 100 flights.

A potential stumbling block, however, is that the bulk of these missions is booked on vehicles that have yet to enter service and it’s not uncommon for new rocket systems to fail on their early outings.

If this were to happen, it could dramatically compromise the speed with which Amazon is able to get Kuiper up and running.

As with other mega-constellation systems there will be scrutiny of the potential for any interference the Kuiper satellites might pose for astronomy.

There’s considerable concern that the growing number of spacecraft in orbit will severely impact telescopic observation of the Universe.

If not carefully engineered, spacecraft can appear as very bright, trailing objects as their surfaces catch the rising and setting Sun.

Just this week, astronomers reported on the glare coming from an experimental telecommunications satellite called BlueWalker-3.

This spacecraft has a 64-sq-m (690-sq-ft) antenna to connect with mobile phones direct from orbit. At times, BlueWalker-3 would appear as one of the 10 brightest objects in the entire sky, the scientists said.

Added to concerns about interference are worries over the traffic management of large populations of satellites.

Multiple collisions in congested space would create debris that might then restrict what anyone can do in orbit.

Kuiper is one of several space projects being developed by Mr Bezos. The Amazon billionaire has another company called Blue Origin which has started to fly “tourists” high above the Earth in a rocket and capsule system called New Shepard.

HotSat-1: UK Satellite Returns 1st Variations Of Heat Pictures Across Earth

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A novel UK satellite has returned its first pictures of heat variations across the surface of the Earth.

HotSat-1 carries the highest resolution commercial thermal sensor in orbit, enabling it to trace hot and cold features as small as 3.5m across.

In the initial imagery, a Chicago train is observed moving through the night and the flame fronts of Canadian wildfires are precisely mapped.

London operator SatVu plans to launch seven additional spacecraft.

This will increase the volume of data it can acquire but also reduce the time between passes over particular locations, meaning changes in a scene can be detected more rapidly.

HotSat-1, with its mid-wave infrared camera, was assembled by Surrey Satellite Technology Ltd (SSTL) in Guildford and launched in June on a SpaceX rocket flying out of California.

The spacecraft manufacturer is due to complete its in-orbit testing and commissioning phase in the next week.

“At that point ‘we get the keys’, so to speak, and we’ll then be able to task the satellite ourselves and get the data down for our customers,” Tobias Reinicke, the chief technology officer at SatVu, told BBC News.

They’ll permit urban planners, for example, to see roof tops and walls.

This will enable them to understand the temperature profiles of individual buildings, offices and factories. It’s information that can identify infrastructure that’s wasting energy and is in need of better insulation.