Technology

Xiaomi Unveils CyberOne — Humanoid Robot Exploring Frontiers of Connected Living

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August 19, 2022
CyberOne, Xiaomi’s first humanoid robot, debuted at the company’s new product launch event in Beijing on August 11, alongside other innovative products. As the newest member of Xiaomi’s Cyber series, joining last year’s quadruped robot Cyberdog, CyberOne is fitted with advanced arms and legs, supports bipedal-motion posture balancing, and reaches a peak torque of up to 300Nm. Also…
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Agriculture

Heifer International spends $1b to support agric in Africa

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August 18, 2022
An agribusiness giant, Heifer International, has spent $1 billion to increase investments in agricultural capacity and resilience across Africa, its Country Manager, Yusuf Idris has said. He made this known yesterday in Lagos during the launch of its Africa Tech Challenge christened AYuTe Africa Challenge. AYuTe Africa Challenge, an agritech contest for young entrepreneurs run by Heifer…
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Energy

We didn’t employ consultant says IPMAN

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August 18, 2022
The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday denied  the engagement of a consultant to collect money at loading depots and highways. Its President, Alhaji Debo Ahmed, issued the rejoinder in Abuja. He noted that the statement has placed…
Agriculture

Ministry denies spending N18.9b on bush clearing

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August 18, 2022
The Federal Ministry of Agriculture and Rural Development has refuted claims that it spent N18.9billion on bush clearing during the COVID-19 lockdown in 2020. The ministry in a statement by its Director of Information, Dr. Joel O. Oruche, noted that the statement, which…
Banking

States get N472bn World Bank-assisted fund

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August 18, 2022
The Federal Government, on Wednesday, revealed that states had received N471.9bn of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability Programme for Results. The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, disclosed this at the launch of the States Charter to sustain fiscal transparency, accountability and sustainability reforms at…
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Banking

Mobile transactions rise by N8.9tn in three years

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August 18, 2022
Mobile transactions have risen by N8.981 trillion between the first seven months of 2019 and the corresponding period of 2022. They have risen from N289.12bn to N9.27tn, according to data from the Nigeria Interbank Settlement System. This is as the value of cheque…
Economy

Nigerians complain about high rate of cooking gas

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August 15, 2022
The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months, This follows an increase from N2200 in August 2021 to N4500 in August 2022, indicating a 105 per cent increase over the…
Economy

Nigeria’s N9tn oil revenue threatened, FG blames theft

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August 15, 2022
Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and gas revenue target by the end of the year. The Federal Government, in the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper recently presented by the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, blamed oil…
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