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Musician Records A year Of Sounds Along River Nene

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A musician and composer who spent a year recording sounds on his daily walk by a river hopes it will inspire others to “pay attention to what we hear”.

Nick Penny, 68, recorded wildlife along the River Nene near his home in Oundle, Northamptonshire.

Birdsong has inspired his own compositions for decades.

He believes tuning into sound can also help people see more wildlife.

“We watch screens all the time. It’s great to feel the real air and listen to the real sounds,” Mr Penny said.

Spectacular Meteor Streaks Across Night Sky In Turkey

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A meteor has been filmed streaking across the night sky in Turkey.

The green shafts of light were caught on camera as it passed over the city of Erzurum and Gumushane Province in the east of the country.

A meteor is a small body of matter from outer space that enters the earth’s atmosphere, becoming incandescent as a result of friction and appearing as a streak of light.

NDPC, MasterCard To Boost Data Protection Compliance

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The Nigeria Data Protection Commission (NDPC) and MasterCard are working towards enhancing data protection compliance through capacity-building workshop for the financial sector in Nigeria.

This was one of the outcomes during a webinar organized by MasterCard tagged “Nigeria Data Protection Act 2023: Implications for the Financial Sector”, where National Commissioner/CEO, Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji and Chief Privacy and Data Responsibility Officer of MasterCard, Caroline Louveaux spoke on creating awareness.

Both organizations considered the possibility of organizing a data protection capacity-building workshop for the financial sector in Nigeria.

Dr. Olatunji noted that the realization of the need to have extensive legislation on Data Protection brought about the NDP Act.

FG Moves To Train 250,000 Persons On Data Privacy, Protection

Federal Govt Commits To Protecting Digital Platforms

He gave a summary of the Act and stressed the need for compliance through appropriate privacy policies, appointment of Data Protection Officers (DPCOs), Awareness and Capacity building for staff, appointment of licensed DPCOs to take organizations through compliance and filing of annual compliance return with the NDPC amongst others.

He explained that if organizations in the financial sector are fully compliant, it gives them a commercial benefit as it boosts the trust and confidence of their clients/customers which has a lot to do with their reputation and high revenue generation.

Caroline Louveaux spoke on the various efforts made by Mastercard in securing customers’ information with particular reference to privacy by design.

She appreciated the National Commissioner and commended the partnership between NDPC and Mastercard.

Louveaux also noted the ongoing initiative in having a common policy framework for data protection in Africa.

Also, Dr Vincent Olatunji said that Digital Trust signifies the confidence citizens, businesses and stakeholders have in the security and reliability of their online activities.

He stated this when he gave a keynote address at the 15th Annual Conference of ISACA (Abuja Chapter) on Digital Trust and Enforcement of the Nigeria Data Protection Act 2023.

He highlighted the need for Digital Trust, the Challenges, how to fortify digital trust and the policies that have been put in place by government in Nigeria.

In the area of enforcement, Dr Olatunji explained that the NDP Act 2023 is all about regulating the process of personal data, data security, minimizing data breach impact, and accountability.

He called for compliance and partnership between all sectors and stakeholders in the Data Protection ecosystem.

India Launches Aditya-L1, First Observation Mission To The Sun

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India has launched its first observation mission to the Sun, just days after the country made history by becoming the first to land near the Moon’s south pole.

Aditya-L1 lifted off from the launch pad at Sriharikota on Saturday at 11:50 India time (06:20 GMT).

It will travel 1.5 million km (932,000 miles) from the Earth – 1% of the Earth-Sun distance.

India’s space agency says it will take four months to travel that far.

India’s first space-based mission to study the solar system’s biggest object is named after Surya – the Hindu god of Sun who is also known as Aditya.

And L1 stands for Lagrange point 1 – the exact place between Sun and Earth where the Indian spacecraft is heading.

According to the European Space Agency, a Lagrange point is a spot where the gravitational forces of two large objects – such as the Sun and the Earth – cancel each other out, allowing a spacecraft to “hover”.

Once Aditya-L1 reaches this “parking spot”, it would be able to orbit the Sun at the same rate as the Earth. This also means the satellite will require very little fuel to operate.

On Saturday morning, a few thousand people gathered in the viewing gallery set up by the Indian Space Research Agency (Isro) near the launch site to watch the blast off.

It was also broadcast live on national TV where commentators described it as a “magnificent” launch. Isro scientists said the launch had been successful and its “performance is normal”.

After an hour and four minutes of flight-time, Isro declared it “mission successful”.

“Now it will continue on its journey – it’s a very long journey of 135 days, let’s wish it [the] best of luck,” Isro chief Sreedhara Panicker Somanath said.

Project director Nigar Shaji said once Aditya-L1 reaches its destination, it will benefit not only India, but the global scientific community.

Aditya-L1 will now travel several times around the Earth before being launched towards L1.

From this vantage position, it will be able to watch the Sun constantly – even when it is hidden during an eclipse – and carry out scientific studies.

Isro has not said how much the mission would cost, but reports in the Indian press put it at 3.78bn rupees ($46m; £36m).

Aditya-L1’s trajectory
Presentational white space
Isro says the orbiter carries seven scientific instruments that will observe and study the solar corona (the outermost layer); the photosphere (the Sun’s surface or the part we see from the Earth) and the chromosphere (a thin layer of plasma that lies between the photosphere and the corona).

The studies will help scientists understand solar activity, such as solar wind and solar flares, and their effect on Earth and near-space weather in real time.

Former Isro scientist Mylswamy Annadurai says the Sun constantly influences the Earth’s weather through radiation, heat and flow of particles and magnetic fields. At the same time, he says, it also impacts the space weather.

“Space weather plays a role in how effectively the satellites function. Solar winds or storms can affect the electronics on satellites, even knock down power grids. But there are gaps in our knowledge of space weather,” Mr Annadurai told the BBC.

India has more than 50 satellites in space and they provide many crucial services to the country, including communication links, data on weather, and help predict pest infestations, droughts and impending disasters.

According to the United Nations Office for Outer Space Affairs (UNOOSA), approximately 10,290 satellites remain in the Earth’s orbit, with nearly 7,800 of them currently operational.

Aditya will help us better understand, and even give us a forewarning, about the star on which our lives depend, Mr Annadurai says.

“Knowing the activities of the Sun such as solar wind or a solar eruption a couple of days ahead will help us move our satellites out of harm’s way. This will help increase the longevity of our satellites in space.”

The mission, he adds, will above all help improve our scientific understanding of the Sun – the 4.5 billion-year-old star that holds our solar system together.

India’s solar mission comes just days after the country successfully landed the world’s first-ever probe near the lunar south pole.

With that, India also became only the fourth country in the world to achieve a soft landing on the Moon, after the US, the former Soviet Union and China.

Probe makes historic pass through Sun’s atmosphere
If Aditya-L1 is successful, India will join the select group of countries that are already studying the Sun.

Japan was the first to launch a mission in 1981 to study solar flares and the US space agency Nasa and European Space Agency (ESA) have been watching the Sun since the 1990s.

In February 2020, Nasa and ESA jointly launched a Solar Orbiter that is studying the Sun from close quarters and gathering data that, scientists say, will help understand what drives its dynamic behaviour.

And in 2021, Nasa’s newest spacecraft Parker Solar Probe made history by becoming the first to fly through corona, the outer atmosphere of the Sun.

NITDA Trains 282 Children In Emerging Technologies

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The National Information Technology Development Agency (NITDA) has trained 282 kids in emerging technologies at the concluded, Science, Technology, Engineering, and Mathematics (STEM) Boot Camp for Kids (SB4KIDS) in Abuja, Nigeria.

SB4KIDS is an initiative of NITDA to coach and inspire youngsters to imbibe Science, technology, engineering and mathematics passion, and create an early interest in digital and emerging technologies.

The training, carried out by National Centre for Artificial Intelligence and Robotics (NCAIR), a subsidiary of NITDA featured practical teachings on Robotics, Artificial intelligence, Coding, and virtual Reality among others aims to boost digital inclusion.

NITDA Opens Application for AI Developers Group Training

It was also aimed at catching the children young to enable them to be conversant with emerging technologies which is a tool in the present-day economic rejuvenation across the world.

In a message to the children, the Director General NITDA, Kashifu Inuwa represented by Director of Corporate Planning and Strategy, Aristotle Onomo, charged them to explore in the digital space adding that digital space has no barrier.

He said, “the training is for the enhancement of their talents and creativity for the development of the future.”

He noted that the program was held simultaneously in Jigawa State (North West), Port Harcourt (South South) and Abuja, the Federal Capital Territory.

While urging the children to improve in the skills learnt for industrial revolution, Inuwa cautioned them against misuse of the internet.

“Always be guided by what was thought to you and ensure that your parents see what you are doing. Use the knowledge positively.”

The NITDA boss also urged parents to monitor the children while using internet and ensure the right aspect of it is put to practice and help them improve better.

Also, the Director, National Centre for Artificial Intelligence and Robotics NCAIR, Engr. Garba Ya’u, represented by Babangida Gilo, said the children were taking on 3D printing and Robotics, Internet of things IoT, Digital Communication, Drone operations and Embedded systems among others.

He urged the students “to utilize the what they have learned during the training within the two weeks of insensitive coaching and complement it by being more creative.”

Awards were presented to deserving students for their outstanding performances.

Afreximbank Targets SMEs with US$400mn Loan

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The African Export-Import Bank (Afreximbank) has signed a US$400mn term loan facility with the China Development Bank (CDB) which aims to improve access to trade finance for SMEs on the continent.

Afreximbank says it will deploy the facility to smaller companies involved in trade, both externally and within Africa, as well as those engaged in productive sectors. Because the facility is provided by CDB at relatively low pricing, it says it can transfer that financial advantage to end beneficiaries.

The facility has a seven-year tenor and will be distributed directly by the Cairo-headquartered multilateral financial institution or through local financial intermediaries, it adds.

“African SMEs continue to struggle to access adequate and affordable financing for growing their businesses,” Afreximbank says.

Afreximbank Signs $825m Deal With NEXIM Bank

The difference between demand and supply for financing facilities in Africa is estimated to total around US$81bn a year, according to the African Development Bank.

UN research has found limited company information and perceived high risk among lenders, as well as a low level of digitisation, mean African SMEs are often unable to obtain trade finance facilities at affordable rates.

The facility – the fourth time CDB has collaborated with Afreximbank – will also strengthen ties between Africa and China, notes Benedict Oramah, the institution’s president and chairman of its board of directors.

“It will also enable our two institutions to achieve our respective mandates and developmental outcomes, which include job creation, increased economic activity and increased extra-African trade with China,” he says.

Though China’s development finance institutions have historically provided significant support to Africa, there are signs lending has been scaled back in recent years.

A February study found the CDB and Export-Import Bank of China committed a combined total of US$10bn in support in 2020 and 2021 – down from more than US$37bn during the previous two years.

Minister Issues 30-Days Ultimatum To Illegal Miners

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Nigeria’s Ministry of Solid Minerals Development have issued 30 days ultimatum to illegal miners in the country to join registered co-operatives of artisans or face the law.

The Minister of Solid Minerals Development, Oladele Alake issued the ultimatum at a press briefing in Abuja where he also made known his agenda for the sector.

According to the Minister, the presence of illegal miners in the industry has been harmful and creates an insecure environment for international investors.

“There is a consensus among all stakeholders in the industry that the most pernicious obstacle to the security of the investment environment is the massive presence of illegal miners. It is quite understandable that mining activities are like a second occupation for many farmers and traders in areas where deposits are found.

Nigeria’s Minister of Solid Minerals Development Orders Illegal Miners To Vacate Sites

 “Let me declare that the Ministry is giving such persons 30 days grace to join a miners’ co-operative or find another vocation to do. On the expiration of the period, the full weight of the law will fall on anyone seen on a mining site without a determinable status. This message will be interpreted into Nigerian languages and broadcast on the radio to ensure no one is ignorant of this directive,” Alake said.

As a follow up to the ultimatum, the Minister added that there will be an enforcement by security agencies in the sector to arrest illegal miners.

“From October, a rejuvenated security regime will become active in the solid minerals sector. This will include the Mine Police, sourced from the Nigeria Police and specially trained to detect illegal mining and apprehend offenders. The new Mines Surveillance Security Task Force will coordinate the Mines Police and pro-actively address high risk incidences of breach of Mining Laws. The Federal and State governments will also be encouraged to allocate the prosecution of cases against illegal miners to competent courts,” he said.

Alake noted that the Ministry would continuously review the standard operating procedures for engaging communities within mining licenses in order to improve relations between the communities and mining licensees.

While listing out the transformation agenda plan of President Tinubu’s administration for the Solid Minerals Sector, the Minister stated that the Ministry would work towards the incorporation of the Nigerian Solid Minerals Corporation.

Alake further explained that other areas of focus will be to enter joint ventures with mining multinationals, gather Big Data on specific seven priority minerals and their deposits, and establish 6 Mineral Processing Centres to focus on value-added products.

He added that the Ministry would embark on a comprehensive review of all mining licenses in the country and a total overhaul of mining licenses.

Currency Swap Will Reduce Reliance On Dollars – Economist

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A former Director-General of West African Institute for Financial and Economic Management, WAIFEM Prof. Akpan Ekpo has urged the CBN to take the currency swap agreement with the Peoples Bank of China on board, to reduce reliance on dollars for trade.

“This is the time to implement the Nigeria-China currency swap so that we don’t put all our eggs in one basket.

“So Nigerians who are dealing with China should deal with Chinese currency or with naira not with dollar or euro; that will reduce the pressure on dollar or pound.

Currency Swap Agreement: CBN Repays 5.10bn Yuan

He urged the Federal government to revisit the currency Swap agreement which both countries signed few years back, especially in the face of growing exchange rates.

“This is the time to take it very seriously; the Federal Government signed the agreement, it was done briefly then we didn’t know what happened again.

“If you look at the global trend, emerging markets by the BRICS are trying to trade with bilateral currency to downplay the importance of dollar, euro or pound because these currencies are not theirs and they can’t print them.

“So, if we can now implement the Chinese Yuan-Naira swap, it will be very helpful for business trade.’’

Gov. Soludo Promises To End Illegal Tax Collection

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The Governor of Anambra State, Professor Chukwuma Charles Soludo has assured manufacturers, importers and exporters in the state of absolute support and freedom from illegal tax and revenue collectors.

The event which had the theme: From Import to Industrialisation for Export, was held at the International Convention Centre, Awka, the state capital.

Governor Soludo promised that reforms are on course to make sure that the processes for approvals in Anambra State Investment Promotion and Protection Agency ANSIPPA, is sped up without bottlenecks, pointing out that his government is also taking a second look at facilities in the agency to ensure existence of “multiple doors” for easier access by prospective investors.

Soludo stated this at a business interface with manufacturers, importers, and exporters in the state to discuss ways in which leading industrial brands will be established in Anambra, organised by the State Ministry of Industry led by its Commissioner, Christian Udechukwu.

Soludo cited the present administration’s huge agenda in agriculture including the palm and coconut revolution which will ultimately create a new ecosystem around the state. He further revealed that government is building up its land bank, pointing out that they are also making efforts to ensure that the processing time for acquiring land C of O gets down to 72 hours.

While assuring that government will create road markings to differentiate red zones from free Zones for motorists, he stated that government will address the issue of abuses by ARTMA officials including taking another look at their fines, though bearing in mind that what they are doing is for the overall interest of the public.

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Soludo disclosed that discussion is ongoing to explore the possibility of generating power using gas, promising that by December, Upper Iweka will wear a new look and become the safest place to make Anambra a true investment destination.

Speaking at the event,the Commissioner for industry, Christian Udechukwu stated that the made in Anambra Export policy Initiatives will give the state a huge share of the African continental market.

Speaking further, the Commissioner said, “made in Anambra Export policy will grow Anambra industries, and transform the state economy, especially with Industrial parks, Industrial clusters, Free Trade Zones, Export Emporium, and Pharmaceutical processing zones.”

He urged the participants to collaborate with his ministry, in industrialising the state and to expect full support from the Soludo led administration.

He also revealed government’s vested interest in attracting more investors to develop the state and achieve more growth routes.

For their part, the participants raised issues militating against them to include Monday sit-at-home, bad roads in and around Onitsha, especially Owerri Road, difficulty in processing VISA, difficulty in procurement of C of O, insecurity, touting, revival of the Onitsha Seaport, among others.

They suggested to government to look into security and erect CCTVs at Upper Iweka, Bridge Head, Borromeo, Nkpor Junction and other entry points, establishment of integrated trade platform, facilitated by the state, provision of incentives for more people to go into industrialization, creation of a contributory scheme for manufacturers for greater impact.

CBN To Issue N1.21trn Treasury Bills in Q4

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The Central Bank Nigeria (CBN) plans to issue a total of N1.21 trillion treasury bills in the fourth quarter (Q4) of 2023 as the same amount will be maturing between September and November, this year.

Africa’s largest economy’s big bank disclosed this in Nigeria’s treasury bills programme calendar released on its website.

The amount to be issued in the last quarter of the year is 6.14 percent higher than N1.14 trillion issued in the second quarter of this year.

A breakdown of the treasury bills programme to be issued in the next three months, which represents the amount that would mature during the same period, consists of a total of N23.98 billion for 91-day tenor, N31.26 billion for 182-day and N1.15 trillion for 364-day tenors.

The CBN issues Treasury Bills twice in a month to help the Federal Government fund its budget deficit, support banks in managing liquidity in the system and curb inflation.

Nigeria’s Government Saves N10Trn Treasury Single Account Since Establishment

Nigeria’s headline inflation accelerated to 24.08 percent in July 2023, from 22.79 percent in the previous month, according to the National Bureau of Statistics (NBS).

The CBN noted in its monthly economic report for the first quarter of 2023 that activities increased in both the Nigerian Treasury Bills (NTBs) and the Federal Government of Nigerian (FGN) bond segments due to higher yields and inflation expectations.

At the auctions, NTBs worth N1.28 trillion, N4.89 trillion, and N1.58 trillion were offered, subscribed and allotted, respectively, relative to N972.99 billion, N2.65 trillion, and N852.93 billion in the preceding quarter.

A breakdown showed that longer-term securities (364-day) accounted for N4.52 trillion (92.6 per cent) of the total subscription, revealing investors’ preference for longer-tenorred instruments because of higher yields and inflation expectations.

Similarly, the total amount of FGN bonds offered, subscribed, and allotted at N1.08 trillion, N2.60 trillion and N1.99 trillion was higher, compared with N400.00 billion, N650.47 billion and N516.80 billion, respectively, in the preceding quarter. The bid and marginal rates stood at 14.3 (±3.3) and 15.0 (±1.0) per cent, compared with 16.3 (±2.8) and 15.4 (±0.9) per cent, respectively, in the preceding quarter.