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FG RECORDED N4.62TN FISCAL DEFICIT IN 2019 — CBN

The Federal Government recorded a fiscal deficit of N4.62tn in its operations in the 2019 fiscal period, figures obtained from the Central Bank of Nigeria have revealed. The 2019 budget which was [...]

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MICROSOFT ISSUES SECOND ‘FINAL’ WINDOWS 7 UPDATE

Microsoft has issued a fresh update for Windows 7, just days after it said it would provide no more patches for the ageing operating system. It made the U-turn after it emerged there was a bug in [...]

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ECONOMY ATTRACTED $21.8BN INVESTMENTS IN ONE YEAR – NBS

Within a one-year period covering October 2018 and September 2019, the Nigerian economy attracted a total of $21.81bn worth of investments, figures released from the National Bureau of Statistics [...]

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7.5% VAT IMPLEMENTATION BEGINS FEBRUARY 1

The Federal Government will from Saturday (February 1) begin the implementation of 7.5 per cent Value Added Tax espoused by the finance law. The law, according to the government, will take effect [...]

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LONDON WILL USE LIVE FACIAL RECOGNITION CAMERAS TO POLICE THE CITY

London’s Metropolitan Police has announced controversial plans to use live facial recognition technology to improve officers’ ability to identify suspects and police the British [...]

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TWITTER DEMANDS AI COMPANY STOPS ‘COLLECTING FACES’

Twitter has demanded an AI company stop taking images from its website. Clearview has already amassed more than three billion photographs from sites including Facebook and Twitter. They are used [...]

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AMAZON BATTLES MICROSOFT OVER MILITARY CLOUD

Amazon has asked a court to “pause” Microsoft’s work on a multibillion dollar deal to provide cloud services to the US military. Microsoft was awarded the Joint Enterprise [...]

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NITDA TRAINS OVER 2000 NIGERIANS ON IT SKILLS

The National Information Technology Development Agency, NITDA, said it has trained over 2,000 Nigerians for both masters and PhD programmes across the world. The Director of the agency, Mallam [...]

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INVESTORS IN SELLING SPREE AS LOSSES HIT N130BN

Equity investors have embarked on a selling spree as the market extended losses to its second consecutive day, losing N130bn. The market capitalisation of equities depreciated from N15.30tn on [...]

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REFINERIES POSTED N123.3BN LOSS IN 10 MONTHS – NNPC

The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January to October 2019, latest figures released on Wednesday [...]