What CBN’s new policy on diaspora remittances means for naira to dollar exchange — Gwadabe
ABDCON supports CBN’s naira to dollar exchange policy The president of the Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, has thrown his weight behind the Central Bank of Nigeria’s new policy on diaspora remittances. CBN also directed IMTOs to access Bloomberg BMatch when pricing transactions to improve price recovery. Recall that the apex bank mandated International Money Transfer Operators to route transactions through designated Naira settlement accounts. Reacting in a statement to DAILY POST on Saturday, Gwadabe…
The U.S. Army Deploys 32 Helicopters, Pulling off the Largest Military Formation Ever Recorded
Then 32 helicopters lifted off in a single formation, and the world took notice. Thirty-two helicopters sat on the tarmac at Simmons Army Airfield, rotors still. The pilots had run simulations for weeks. They had studied wind patterns, mapped civilian airspace corridors, and calculated the precise spacing required to keep rotor wash from collapsing into turbulence. The morning of April 15, 2016, the Kiowa Warrior helicopters lifted off in sequence. Within minutes, they formed a staggered arc over Fort Bragg and the city of Fayetteville, North…
Musk’s SpaceX and Tesla to launch advanced chip factories in Austin
SpaceX and Tesla to launch advanced chip manufacturing soon SpaceX and Tesla (TSLA.O), opens new tab will build two advanced chip factories at a sprawling facility in Austin, Texas, one to power cars and humanoid robots, and another designed for artificial intelligence data centers in space, CEO Elon Musk said on Sunday. The comments followed Musk’s announcement a day earlier of plans to build “Terafab,” an advanced AI chip complex in Austin. “Terafab will technically be two fabs, each making only one…
Nigeria Joins Ethiopia, Rwanda, South Africa, Egypt and More towards Revolutionizing African Travel and Tourism to Drive Sustainable Economic Growth
Nigeria moves to join major players in the African travel and tourism Nigeria is set to join a growing list of African nations, including Ethiopia, Rwanda, South Africa, and Egypt, in revolutionizing its aviation industry to stimulate sustainable economic growth. By making strategic investments in its aviation infrastructure, Nigeria is positioning itself as a major player in the African travel and tourism sector. This move is expected to not only boost national revenue but also attract more international tourists, foster…
International Remote Job Opportunity
Remote Job Psychologist Psychiatry Vacancies Responsibilities: Qualifications: Ph.D/Psy.D in Psychology and/or Bsc. or Masters in Psychiatrists. PLEASE NOTE: Excellent verbal and written communication skills on AT LEAST ONE of the following languages: Dutch, Korean, German and French is a preliquisite. Benefits: International Remote job working on a global platform. Remuneration: (U$D) Apply to: official email Also advertised in LinkedIn
Microsoft on pace to invest $50 billion in ‘Global South’ AI push
Microsoft set to for AI push Feb 18 (Reuters) – Microsoft (MSFT.O), opens new tab on Wednesday said it is on pace to invest $50 billion by the end of the decade to help expand AI push to countries across the ‘Global South’. The announcement was made at the AI summit in New Delhi, where top executives from global AI giants meet several world leaders this week. The ‘Global South’ refers to developing, emerging or lower-income countries, mostly in the southern hemisphere. Microsoft unveiled…
China enlists AI to sniff out corruption in public bidding
China integrates AI to check corruption in public bidding BEIJING,- China wants to use artificial intelligence in public tendering to guard against backroom deals and corruption in public bidding, according to guidelines released on Tuesday, just as President Xi Jinping’s years-long corruption purge intensifies. AI-enhanced tools should be used to flag irregularities in tender and bidding documents, supervise review committees’ decisions, and have “human-like” reasoning ability to generate recommendations, China’s National Development and Reform Commission and seven other agencies said.…
Musk seeks up to $134 billion from OpenAI and Microsoft
Elon Musk sues OpenAI and Microsoft Jan 17 (Reuters) – Elon Musk is seeking up to $134 billion from OpenAI and Microsoft (MSFT.O), opens new tab, saying he deserves the “wrongful gains” that they received from his early support, according to a court filing on Friday. OpenAI gained between $65.5 billion and $109.4 billion from the billionaire entrepreneur’s contributions when he was co-founding what was then a startup from 2015, while Microsoft gained between $13.3 billion and $25.1 billion, Musk…
