1 2 Hyderabad: MTAR Technologies on Friday said it bagged orders worth 226 crore from clean energy and aerospace players such as Bloom Energy, Rafael, IMI Systems, and IAI. The Hyderabad-based firm said that of the total orders, it received orders worth 191 crore for various products from Bloom Energy alone. It also said that of these, orders worth 225 crore are expected to be executed within one year, while the remaining will be fulfilled by April 2026. MTAR Technologies Managing Director & Promoter Parvat Srinivas Reddy said the company was optimistic about growth in the clean energy and aerospace verticals and expected further orders in both segments in the future.tnn10th anniversary of ABLE savings plans in W.Va. celebrated
Skip Bayless's Harsh Criticism of LeBron James "Such a Baby"INVESTIGATION ALERT (NASDAQ: SEZL): DiCello Levitt LLP Is Investigating Investor Claims Against ...
By Beatriz Marie D. Cruz, Reporter FIRST CIRCLE, a local financial technology ( f intech) lender, is looking to partner with four more banks next year to help bridge the lending gap between banks and small and medium enterprises (SMEs), according to its chief executive officer (CEO). “We’ve got four credit relationships with banks, and we want to bring that to maybe seven or eight by next year,” First Circle Co-Founder and CEO Patrick Lynch said in an interview with BusinessWorld . First Circle specializes in SME lending, as it offers flexible and collateral-free business and employee salary loans. It also provides online banking services to small businesses without transfer limits, transaction fees, and maintaining balance. The fintech company borrows from banks and uses the money to lend to SMEs, Mr. Lynch said, noting that its affordable and flexible loan products help provide more small businesses with access to financing. “Banks don’t have the technology and the operations to be able to serve and manage lots and lots of small customers, but we do because we’re a technology company, and the banks have the balance sheet.” “The game is not about trying to compete in what’s there now; it’s about creating more access for businesses.” Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that Philippine banks had extended P488.13 billion in loans to micro, small- and medium-sized enterprises (MSMEs) as of the end of June. However, this fell below the 10% required quota, accounting for only 4.52% of their P10.08-trillion total loan portfolio. Under Republic Act No. 9501, or the Magna Carta for MSMEs, banks are mandated to allot 10% of their loan portfolio for small businesses. Specifically, 8% must go to micro and small-sized businesses, while 2% must go to medium-sized enterprises. MSMEs account for over 99.6% of all businesses in the Philippines and provide thousands of jobs, establishing their critical role as the backbone of the economy. There was a total of 1.24 million MSMEs in the Philippines as of last year, with a majority (82.1%) of them operating in the provinces, according to the Asian Development Bank’s (ADB) latest SME Monitor. However, banks would rather pay fines for non-compliance than undergo the risks of lending to small businesses. The banking industry’s gross non-performing loan ratio stood at 10.3% in 2023, nearly double the 2019 ratio, according to the ADB. Small businesses’ access to bank loans also remains hindered by high-interest rates, tight collateral requirements, and the tedious loan application process. Other MSMEs resort to non-traditional sources of financing like pawnshops, the Manila-based lender said. First Circle’s business loan offers up to P20 million without requesting collateral, compared to banks, which mostly require collateral for loan amounts beyond P2 million, it said. The fintech company’s partnership with Philippine banks forms part of its strategy to improve Filipino SMEs’ access to financing next year, according to Mr. Lynch. “Over the course of the next five to ten years, the whole game is about expanding our offering to support more of the needs of SMEs.” TECH-BASED FINANCIAL INCLUSION Mr. Lynch co-founded First Circle in 2016 with the idea of using technology to improve financing access among SMEs. He gained the backing of former BSP Governor Nestor A. Espenilla, who advocated for financial inclusion among consumers and businesses alike. “He was very pro-financial inclusion, and he realized that the best way to include people was going to be through technology companies,” said Mr. Lynch, recalling the late banker’s full support. To date, First Circle has extended P11 billion in loans to support SME growth, with its customers growing by 80% on average in over two years, Mr. Lynch said. Since its founding, First Circle has supported up to 5,000 SMEs nationwide, with more than half of them being women-led firms, according to Mr. Lynch. SMEs can open an account in one day and can loan up to P20 million with no collateral. First Circle also boasts competitive interest rates, beginning at 0.99% per month, compared to most business loan providers, which charge between 2-10% interest per month, Mr. Lynch said. It can also provide SME owners with a loan decision in a maximum of two days with minimal requirements. To limit unnecessary costs, business owners may only pay interest rates for the amount they borrow. “It’s very easy to draw down; there are no hidden fees... if you want to repay early, we give you all your interest back,” Mr. Lynch said. “[If you] need to reschedule because your customers have paid you late, we reschedule very easily, and so that’s why we’re winning because we care about the customer.” As part of its expansion plans, the tech company started using artificial intelligence (AI) in its underwriting earlier this year, which allows them to process documents more easily. Beginning next year, First Circle is extending its loan period for its business loans, wherein borrowers can pay their loans for up to three years from the current 12 months, Mr. Lynch said. “At the moment, we provide up to 12 months (repayment). We will soon be providing up to three years,” he said, which will be available as early as January. For 2025, First Circle is also planning to launch its “express business loan,” which seeks to grant customers loan access on the day of their application. Early next year, the fintech lender is also set to release three new financial products meant to help SMEs improve their operations, Mr. Lynch added, saying this has yet to be revealed. With the BSP’s easing cycle still underway, Mr. Lynch is bullish that the company can provide even cheaper loans to small business owners. The central bank has reduced borrowing costs by a total of 50 basis points (bps) since kicking off its easing cycle in August, bringing the key rate to 6%, BSP Governor Eli M. Remolona, Jr. said last month. With the Philippine economy expected to grow over the next 20 to 30 years, SMEs need more credit access to utilize its growth potential, according to Mr. Lynch. He added that the BSP’s push for financial inclusion plays a critical role in ensuring that more Filipinos, especially SMEs, are banked. On what makes it worth investing in MSMEs, Mr. Lynch said: “It’s a huge market; it’s about half of GDP (gross domestic product). Number two, it’s a very big opportunity to use technology to drive change.” “Number three, SMEs employ two-thirds of the labor force. And a strong SME sector is very important for wealth distribution in society.”
LaConte: The passion of the postman( MENAFN - GetNews) $RENB is working with large $NVDA partner Nebul. . Developing AI and Biotechnology Platforms for Early Diagnosis, Better-Targeted Treatments and Drug Discovery. . Entered Strategic Collaboration with Nebul to Advance a Paradigm Shift for Early disease Detection. . Plans to Establish the Renovaro GEDi CUBE Next Generation Nvidia Blackwell Cluster with Nebul's Certified AI Healthcare Cloud Solutions. . Supermajority of shareholders Support Appointment of New CEO and the Replacement of Entire Board of Directors with Full Five-Member Slate. . Realignment to Optimize & Commercialize RenovaroCube, Disruptive AI Platform for Multi-omics Diagnostics for Cancer Early Detection and Patient Monitoring from Liquid Biopsies. . New Board Encompass Seasoned Veterans from Capital Markets, Governance, AI, Biotechnology, Cancer Detection and Treatment. Renovaro, Inc. (Nasdaq: RENB) aims to accelerate precision and personalized medicine for longevity powered by mutually reinforcing AI and biotechnology platforms for early diagnosis, better-targeted treatments, and drug discovery. RENB includes RenovaroBio with its advanced cell-gene immunotherapy company and RenovaroCube. RENB RenovaroCube has developed an award-winning AI platform that is committed to the early detection of cancer and its recurrence and monitoring subsequent treatments. RenovaroCube intervenes at a stage where potential therapy can be most effective. RENB RenovaroCube is a molecular data science company with a background in FinTech and a 12-year history. It brings together proprietary artificial intelligence (AI) technology, multi-omics, multi-modal data, and the expertise of a carefully selected multidisciplinary team to radically accelerate precision medicine and enable breakthrough changes in cancer care. Strategic Collaboration with Nebul to Advance a Paradigm Shift for Early Disease Detection Utilizing Nvidia Blackwell Cluster with AI Healthcare Cloud Solutions. On December 20th RENB announced its subsidiary Renovaro Cube has entered into a strategic collaboration with Nebul () a leading AI cloud infrastructure company, to advance the early detection of cancer and other diseases. Nebul is a European NVIDIA NPN DGX Preferred Cloud Service Provider providing world-class supercomputing and GPU-accelerated business computing services, and a preferred cloud service provider in the NVIDIA Partner Network. As part of this initiative, are plans for the RENB Renovaro Cube to deploy a dedicated NVIDIA SuperPOD powered by NVIDIA DGX B200 systems, which feature the latest Blackwell GPU's, and apply NVIDIA Parabricks functionality to ensure optimal performance on the NVIDIA clusters. Each DGX B200 system delivers up to 72 petaFLOPS of training performance and 144 petaFLOPS of inference performance, providing the computational power necessary to integrate AI across medium-sized hospitals. The RENB collaboration with Nebul aims to harness cutting-edge AI technologies and high-performance computing (HPC) built on the latest technology available from NVIDIA to transform diagnostic and therapeutic methodologies. This important step follows on finalization of a pilot project confirming our processing capabilities of liquid biopsy samples on NVIDIA's GPUs. NVIDIA's newest Blackwell GPUs are revolutionizing the speed of processing genomic data at molecular level, for example from blood (cfDNA), which is crucial for timely diagnosis and treatment selection. By leveraging their unparalleled computational efficiency, Renovaro Cube will further develop non-invasive liquid biopsy technologies using cfDNA and 3rd-generation sequencing to analyze and interpret massive cfDNA datasets at high speed, providing healthcare providers with actionable insights faster than ever before. David Weinstein, Chief Executive Officer of Renovaro, stated,“The potential for multi-cancer early detection screening and recurrence testing will be powered by AI chips that can process vast data sets. With this material step in acquiring the latest HPC capacity, Nebul and NVIDIA will help Renovaro in driving a vision towards a future where generic diagnostic scans for diseases can be done at any point of care with a single vial of blood, helping patients detect diseases early enough to get cured. This will help to massively reduce unnecessary treatments and address the soaring costs of care that are increasingly becoming a societal problem. We expect top-tier partnerships such as these will boost our technology's visibility and potential, laying the foundation for our go-to-market strategy.” Nebul, recognized for its expertise in developing and managing large-scale AI infrastructure, will oversee the operation of this Superpod cluster. This RENB collaboration extends to partnerships with institutions aiming to accelerate the adoption of AI in healthcare. Arnold Juffer, Chief Executive Officer of Nebul, stated,“Supporting Renovaro in their mission to revolutionize healthcare through early detection and cancer diagnosis aligns well with Nebul's mission to supply cutting-edge AI technology in healthcare. The NVIDIA partnership, combined with deep expertise, true GDPR and legal compliance is developing into a powerful force in European AI advancement. This validates Nebul's approach into various European industries which value privacy, compliance and AI advancements. Nebul's relentless customer intimacy and support provides a strong differentiator for partners and clients.” Strategic Restructuring and Leadership Transition On October 16th RENB announced a strategic restructuring and leadership transition of senior management and the Board of Directors to realign resources focused on the Company's AI Platform, RenovaroCube for multi-cancer early detection and patient monitoring. The RENB Board, with the support of a supermajority of shareholders, appointed David Weinstein as director and new CEO and four new directors – Maurice van Tilburg, Chairman, Douglas Calder, James A. McNulty CPA, and Mark A. Collins PhD. RENB new leadership led by David Weinstein, CEO, renowned senior Wall Street executive with 39 years in banking & analyst roles, recognized for developing dynamic growth strategies for a broad range of private and public companies with a focus on maximizing the value of innovative life science platforms. RENB Revitalized Commitment to“Ambitious Innovation” Includes: 1) Strategic Asset Review & Pipeline Prioritization. 2) Commitment to Develop RENB RenovaroCube as Best-in-Class Platform, while Securing World-Class Enabling Partnerships (Corporate & Academic). 3) Optimizing, Enhancing & Accelerating Cell Therapy Pipeline Clinical Advancement. 4) Financial Initiatives to Ensure the RENB Balance Sheet Strength in Tandem with Fiscal Responsibility including Strict Budget Discipline. 5) Synchronizing All Aspects of RRNB Business Units to Yield Maximum Benefits to Patients and Shareholders. For more information on $RENB visit: and DISCLAIMER: Disclosure listed on the CorporateAds website MENAFN20122024003238003268ID1109018475 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.What a great year for wearables 2024 has been. Don’t believe me? We’ve had three standout products this year. One has individually broken new ground, an established product line has been refined so it’s close to perfect, and another has driven other brands to muscle in on its success. Let’s talk about each one in turn, why they all complement each other really well, and how there has never been a better time for wearables. Ray-Ban Meta smart glasses Many have tried to get the smart glasses formula right over the years, but none have come even close to Meta’s success with the Ray-Ban Meta . What it took was not only key technological advances, but forethought in design, as its extensive budget and reach allowed it to partner with eyewear megacorporation Luxxotica and, in turn, use the Ray-Ban name and base its smart glasses on the ever-popular Wayfarer frames. Wayfarers are instantly recognizable and suit a lot of faces, which helped introduce the idea of smart glasses to more people, who could then actually go into a retail store and try them on. That’s a really big deal. Are they comfortable? I’m wearing them as I write this, and I wore them all day yesterday, too. While they’re not as light as my normal glasses, they’re not far off, and I soon got used to the feel of them on my face. Fatigue has not been a problem after the break-in period. My prescription lenses allow me to wear them all the time , but I wouldn’t be able to do it at all if they were uncomfortable or too heavy. I also wouldn’t wear them if I felt they didn’t look very good, but apart from being quite a bold statement on my face, I think they look great. I’ve already talked about how much fun the camera can be , but the other feature I use often is the speakers . I love listening to podcasts while I do other things, and sometimes earbuds aren’t convenient, or I don’t have them on hand. The Ray-Ban Meta’s speakers are discreet, the connection with my phone is completely stable, and the sound is perfect for spoken words. It’s a superb feature I use almost every time I wear the smart glasses. It has taken years to get to this point, and while I’m slightly concerned about where smart glasses are headed next , it’s fantastic to have a pair to immediately recommend if someone is interested in getting started with the technology. Apple Watch Series 10 It’s so easy to pass the Apple Watch Series 10 off as just another incremental update, but this is a shortsighted and entirely dismissive way of looking at it. What Apple has done is refine its established and already excellent smartwatch so it has become supremely wearable all day long. The combination of sliminess, lightness, and the curved case means it essentially disappears on your wrist. No other smartwatch comes close to matching it. Since its release, I’ve been wearing the titanium version and absolutely love it. There is enough of a difference between it and the aluminum version to mostly justify the price difference, but the real revelation for me is the fantastic Milanese Loop band. It’s worth every penny of its price, with almost unparalleled comfort, complete adjustability, and a wonderfully classy style. It’s the all-around band to buy regardless of the Apple Watch’s case material. With the Milanese Loop band attached to the titanium case, as well as the watch’s cascading screen and the beautiful Reflections watch face, the Apple Watch Series 10 feels genuinely luxurious and special. I’ve enjoyed wearing it more than any previous Apple Watch. That’s all without discussing watchOS, which, once I fixed an annoying feature issue I had with it , has been reliable, fast to respond to, and easy to use. Apple’s refinements have elevated the Apple Watch beyond other smartwatches, and it’s now a watch I choose to wear , just like my mechanical watches. Oura Ring 4 I’ve worn an Oura Ring all year , making it the wearable I’ve used most in 2024, and I’m a total advocate for the smart ring. The app provides deep insight into your well-being, sleep, and daily movement. Data is easy to understand and never appears overwhelming or dense. This friendly approach makes the Oura Ring feel like it’s working with you, which is crucial if you’re going to wear it all the time. This year has seen the RingConn Gen 2 and the Samsung Galaxy Ring challenge the Oura Ring’s supremacy, but neither has quite toppled it. The RingConn Gen 2’s fit and design are real winners, and the way the Galaxy Ring works with a Galaxy Watch is an ingenious way of encouraging you to wear both. I love how Oura has invigorated others to make their own competing products, and as neither of the top two challengers needs a subscription, it makes them more accessible to more people than the Oura Ring. That’s excellent . I’m currently wearing the Oura Ring 4, but I do think if you have the chance to pick up a third-generation Oura Ring before they all disappear, then you definitely should. It’ll be yours for less money, provide almost the same level of functionality, and use the same app. I actually think the design and fit are just as good as the Oura Ring 4, too. It has been a great year for smart rings, with several companies now offering products worth buying, and I’m really excited to see what comes next in 2025. Wear them all That’s three brilliant wearables that have each driven the segment forward in 2024. You can buy all three and be safe in the knowledge that each does something different and enhances your life in a uniqueway, with barely any compromises. I’m not sure we’ve been at this point ever before. Smartwatches, smart rings, and smart glasses have all reached the point where they’re small, light, attractive, durable, reliable, and useful enough to be worn all the time. I regularly wear all three together, and while that sounds like a lot of wearable tech (it is), it never looks like I’m covered in tech. Good design is progressing at the same rate as technology, and the days when wearables were big, ugly, and poorly designed have mostly passed. All this has made 2024 a fantastic year for wearables, and while there has never been a better time to get involved, I am really keen to see what comes in 2025. If this is where we’re at now , I’m looking forward to seeing what all these products, and the others that will surely arrive, will be like this time next year.
Commentary: Expect job interviews and hiring to get more excruciating – blame AI
Rockefeller Capital Management L.P. lessened its stake in shares of Dollar General Co. ( NYSE:DG – Free Report ) by 28.0% in the third quarter, Holdings Channel.com reports. The fund owned 17,889 shares of the company’s stock after selling 6,973 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Dollar General were worth $1,532,000 at the end of the most recent reporting period. Other large investors have also modified their holdings of the company. Pzena Investment Management LLC raised its holdings in shares of Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after acquiring an additional 8,388,735 shares during the period. Baupost Group LLC MA acquired a new stake in Dollar General during the 3rd quarter valued at $194,832,000. Point72 Asset Management L.P. lifted its holdings in shares of Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after purchasing an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Dollar General by 319.6% in the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after buying an additional 704,639 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Dollar General during the second quarter valued at $55,986,000. 91.77% of the stock is owned by institutional investors. Wall Street Analyst Weigh In A number of equities research analysts have commented on the company. Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Telsey Advisory Group decreased their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, December 2nd. HSBC dropped their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Jefferies Financial Group decreased their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Evercore ISI dropped their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $98.27. Insider Activity In other news, Director Warren F. Bryant purchased 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares in the company, valued at approximately $3,397,284.90. The trade was a 2.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link . Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here . 0.49% of the stock is owned by company insiders. Dollar General Price Performance NYSE DG opened at $81.59 on Friday. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The company has a fifty day simple moving average of $79.52 and a 200 day simple moving average of $103.60. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The company has a market cap of $17.94 billion, a P/E ratio of 13.44, a P/E/G ratio of 2.33 and a beta of 0.44. Dollar General ( NYSE:DG – Get Free Report ) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. On average, sell-side analysts predict that Dollar General Co. will post 5.78 EPS for the current year. Dollar General Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.89%. Dollar General’s dividend payout ratio (DPR) is presently 38.88%. Dollar General Profile ( Free Report ) Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine. See Also Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. ( NYSE:DG – Free Report ). Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter .Abee's 25 lead UNC Asheville over Saint Andrews 120-64
The CBN has received praise from ABCON for authorising the sale of interbank FX to its members This follows the temporary granting of access to the Nigerian Autonomous Foreign Exchange Market to the BDC operators The development is anticipated to enable them to buy $25,000 every week from NAFEM between December 19 and January 30 CHECK OUT: Don't let unemployment hold you back. Start your digital marketing journey today. Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market . The Association of Bureaux De Change Operators of Nigeria (ABCON) has applauded the Central Bank of Nigeria (CBN) for approving the sale of interbank foreign exchange (FX) to its members. This is as qualifying bureau de change (BDC) operators have been granted temporary access to the Nigerian Autonomous Foreign Exchange Market (NAFEM), allowing them to purchase $25,000 weekly from banks between December 19 and January 30, as announced by the CBN on Thursday. In a statement released Friday in response to the announcement, ABCON President Aminu Gwadabe said that the organisation's members are happy that the CBN has made it possible for them to access the new electronic foreign exchange matching system (EFEMS) market through the banks. Read also CBN takes another step to crash dollar, permits BDCs to buy forex from NAFEM PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! According to Gwadabe, the program will enhance adherence to monetary and security agency commitments. “As contained in the circular, the purpose is to meet the critical retail end needs of the market where the BDCs have significantly played a potent and effective transmission monetary mechanism of the central bank policies,” the president said. “The benefits to be achieved in the implementation of this circular includes and not limited to liquidity injection in the retail end and enhancing price discovery where volatility is pervasive, stable exchange rates, eliminate or reduce illegal economic behaviours like speculation and currency substitution in the economy. “Other benefits includes job creation, data generation, lower inflationary rate and improving the fragile security situation. “To our members it will revitalize our operations, making us functional and profitable.” The president asked ABCON members to follow the circular's instructions and make sure the intended outcome of the local currency's appreciation is realized. Read also Nigerians, business owners react to CBN’s limit on PoS Ttansactions Additionally, he suggested that ABCON members work from their offices, submit their returns on a regular basis, and make sure that their operations were smoothly automated. Furthermore, Gwadabe counseled the banks to guarantee openness and fairness in the way they fulfill their obligations to members across the country. BDC operators list 3 factors responsible for dollar's crash Legit.ng reported that in the last week, the value of the naira has increased dramatically in relation to the US dollar, rising by more than N200 from a peak of N1,780 to N1,500. Nigerians have expressed gratitude for the currency's recent impressive performance, which has given the Central Bank of Nigeria's (CBN) exchange rate strategy fresh life. Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria (ABCON), praised the government and the Central Bank of Nigeria (CBN) for their efforts in response to the recent increase in the value of the naira in an interview with Legit.ng. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ngAustralia's passport is 'the most expensive in the world', but the quality has been labelled 'a disgrace'BEIRUT (AP) — Insurgents' stunning march across Syria gained speed on Saturday with news that they had reached the suburbs of the capital and with the government forced to deny rumors that President Bashar Assad had fled the country. The rebels' moves around Damascus, reported by an opposition war monitor and a rebel commander, came after the Syrian army withdrew from much of southern part of the country, leaving more areas, including two provincial capitals, under the control of opposition fighters. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
U.S. Travel Chaos American Airlines Grounds Flights Amid Winter Weather and Surge in Holiday Travel
The Nigerian Police Trust Fund (NPTF) has charged the contractor handling the construction of modern police station at Ekinrin Adde community in Ijumu local government area of Kogi State to deliver the project on time and in accordance to specifications. Executive Secretary of the Trust Fund , Mohammed Seidu Femi gave the charge at Ekinrin Adde while performing the ground breaking ceremony of the modern police station on Saturday. He said that the aim of constructing the station is to reposition the police force for better service delivery through the use modern technology to fight crimes in Ekinrin Adde and its adjoining communities. The Executive Secretary NPTF said that the project is the initiative of the Nigeria Police Trust Fund under the leadership of the Inspector General of Police, Kayode Egbetokun meant to provide a more conducive environment for personnel of the Nigeria Police Force as well as boosting their operational efficiency. According to him, similar project will be constructed across the six geopolitical zones of the country assuring that the station in Ekinrin will be furnished with state of the art information and communication equipment to enhance their job of protecting lives and property in the communities. He pointed out that Kogi State is strategically located at the centre of Nigeria, and Ijumu local government bordering four States, noting that such divisional police station deserved to be located in the area. “By our mandate at the Nigeria Police Trust Fund, we shall continue to intervene and complement the effort of Nigeria Police Force. We will be doing our utmost best to give Nigerians a more secured environment to be able to run their day to day activities,” he stated. He charged the contractor to deliver the project according to specification to enable the project serve the community effectively. The Commissioner of Police, Kogi State Command, CP Bethrand Onuoha in his remark expressed delight with the project, noting that the project will take security closer to the people at the grassroots. CP Onuoha who assured that as soon as the project is completed additional police personnel will be deployed to the community, promised that the officers will redouble their efforts to ensure the safety and security of the people in Ekinrin Adde and it adjoining communities. He pointed out that the police and other security agencies were committed to ensuring that Kogi State remained safe, especially during this yuletide seasons. In his remarks , the chairman of Ijumu local government area, Hon. Haruna Ibrahim commended the Trust Fund for the gesture, and promised to create enabling environment for the success of the project in the community. In his goodwill message , the Olu-Ade of Ekinrin-Adde, Oba Anthony Bamigbaiye, , thanked Nigeria Police Trust Fund for the intervention, saying the community has been yearning for a long time for such a project. The royal father noted that the community with over 25,000 population needed more security presence in order to combat criminal activities on the land and pledged that cooperation of the community in ensuring that the project is being completed as spelt out by the contract specification. The Contractor handling the project , Toyin Abubakar of RASWAS Nigeria Limited , promised to deliver quality job in accordance with specifications and within the stipulated time frame, noting that before the end of first quarters of 2025 the project would be completed and ready for commissioning. EndCameroun: Election présidentielle de 2025 - Près de 40 observateurs de la région de l'Ouest formésPolitical Leaders Association of the South-East (PLASE) has hailed President Bola Tinubu for reconstitution the inaugural Board of the South-East Development Commission (SEDC). Recall that the media aide to the President, Bayo Onanuga, had in a statement announcing the reconstitution of the Board, said that the chairman of the board will be former Minister of Labour and Productivity, Chief Emeka Wogu; executive director for finance will be Hon. Stanley Ohajuruka, while executive director of projects is Hon. Toby Okechukwu, and another director in the management team is Dr. Clifford Ogbede. Reacting to the development, the association, in a statement by its chairman, Chief Perry Okpara, said the jig of the board was a welcome development. The group hailed the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Kalu, and other lawmakers, who sponsored the Bill for the creation of the interventionist Commission and worked tirelessly to ensure thay it became law. The political leaders described the SEDC Board members as people of competence and character who will be loyal to the President to fulfill the commission agenda, saying that their appointment have elicited joy and brought happiness. Noting that finally after decades, the commission will soon kickstart work aimed at addressing the region’s infrastructural challenges, ecological problems, and environmental issues, the group urged the appointees to work diligently to realise the SEDC’s mandate and promote regional development.