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Naira at N400 to dollar unrealistic – Moghalu

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A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has faulted the position of those expecting naira to stabilise at N400 to the dollar, describing it is unrealistic.

He made this known in a series of post on his X account on Sunday.

He wrote, “Those who want the Naira to be N400 to the $ are living in a dream world. Even discounting for the negative impact of speculative attacks on the value of the Naira, the exchange rate will (and should) reflect its market value in reality, not the artificiality that the Emefiele era central bank sought to maintain to please economic illiterates in political power at the time.

“That artificiality created room for massive arbitrage by speculators which bled the economy. Nigeria does not (yet) have a productive export economy. That’s the heart of the matter.

“And we do not have $100 billion in foreign reserves. So on what basis would the Naira forex rate return to some fantasy land soon? It will also take time to regain or achieve full investor confidence such as we had when we were there (and the rate was N150-165 to the $).

“The sooner we focus on a painstaking creation of value-added manufacturing export economy that earns forex beyond oil in real and significant terms, the better.

“Key to this is the electricity conundrum in which we are at less than 4,000MW of generation for a population of 200 million for decades now. Take power to even 20K megawatts (let’s not talk of 50K for South Africa’s 60 million population or Brazil’s 181K megawatts for a population only slightly larger than Nigeria) and you will see what the Nigerian entrepreneurial spirit is capable of.”

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Psychiatrist tests for traffic offenders reduced road crashes – TRACE

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The Commander and Chief Executive Officer of Ogun State Traffic Compliance and Enforcement Corps, ‘Seni Ogunyemi, said that subjecting traffic offenders, particularly, route violators to psychiatric tests has helped to reduce accident in the state.

Ogunyemi said asking erring drivers, particularly those who drive on ‘one-way’ to visit psychiatric hospitals is a corrective measure adopted to deter such drivers from repeating the same offence.

The TRACE boss, according to a statement on Sunday, stated this when the executive members of Medical and Dental Consultants’ Association of Nigeria, Federal Medical Centre, Abeokuta Chapter, visited him at his Ibara, Abeokuta office.

Ogunyemi explained that these corrective measures, including payment of fines and other strategies being adopted have been quite effective and helped to drastically cut down incidents of accidents in the state.

He revealed that other initiatives include introduction of road Traffic Mayors and Marshals, TRACE Clubs in various schools, to catch them young and capacity-building training for the officers among others, to enhance their professionalism.

Ogunyemi called on the medical personnel to interface and support the agency on its road safety programmes, to enlighten residents in the state.

He said, “The rate at which people were dying on our roads before now was alarming, to the extent that they call us a ‘mortuary state’, but it is now ‘life-saving state’, as a result of government’s intervention and corrective measures being put in place by TRACE.

“This includes asking road traffic offenders to pay fines and go for psychiatric tests, if need be, to curb their excesses. This is not punishment but ways to correct them and deter them from repeating the same offence”.

Responding, Chairman of the association, Dr. Sola Adebisi, commended TRACE officers for their good conduct and efforts on the roads, promising that the association would build on the existing relationship with the agency.

Meanwhile, the state chairman of the Nigerian Institute of Public Relations, Mrs. Seun Boye, has pleaded for the support of TRACE for the successful hosting of 2024 Nigeria Public Relations Week coming up in April.

137 abducted Kaduna schoolchildren rescued in Zamfara -DHQ

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The Defence Headquarters, on Sunday, said troops rescued the abducted pupils and teachers of LEA School Kuriga in the Chikun Local Government Area in Kaduna within Zamfara State.

On March 7, 2024, about 287 pupils and teachers of the school were abducted by suspected terrorists who took them into the forest.

Their abductors subsequently requested a ransom of N1bn for their release, setting a deadline of March 27, 2024, for the payment.

But the Director, Defence Media Operations, Maj Gen. Edward Buba, in a statement, stated that the victims were rescued in the early hours of Sunday by the troops with support from local authorities and government agencies.

Buba put the number of the rescued victims at 137, comprising 76 female and 61 male, adding that they would be conveyed to Kaduna where they would be handed over to the state government.

The statement read, “It would be recalled that, on March 7, 2024, troops received information that terrorists had invaded LEA School Kuriga in Chikun LG of Kaduna State During the incident, unconfirmed number of pupils were abducted. Following the incident, the military committed to leaving no stone unturned until all the hostages were rescued.

“Accordingly, in the early hours of March 24, 2024, the military, working with local authorities and government agencies across the country, in a coordinated search and rescue operation, rescued the hostages.

“The hostages are the same persons that were abducted from the school at Kuriga in Chikun LGA of Kaduna State.

“The rescued hostages totalling 137 comprise of 76 females and 61 males were rescued in Zamfara State and would be conveyed and handed over to the Kaduna State Government for further action.”

The rescue of the Kaduna pupils is coming a day after troops rescued 16 pupils (Almajiris) with a woman taken hostage in Gada LGA of Sokoto State.

The troops have handed over the rescued victims to the Sokoto State Government.

According to Buba, the recent success of the troops was a testament to their resolve to rescue kidnapped victims across the country.

Buba noted that similar efforts have been put in place to track down those behind the killing of soldiers in Delta State.

He added, “These efforts demonstrate the armed forces’ resolve to find other innocent hostages and track down the terrorists that perpetrated these crimes.

“These efforts would continue until other hostages are found and the terrorists arrested, tried, and brought to justice by Nigerian law.

”Troops are employing similar efforts to track down the culprits responsible for the killings of 18 soldiers in Okuama Community in Delta State.”

Ramadan feeding programme gulps N1.97bn, not N6bn -Kano gov

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Kano State Governor, Abba Yusuf, has denied media reports that his administration allocated N6bn for the Ramadan Feeding Programme.

The governor made his position known in a statement on his X handle on Sunday.

He wrote, “Over the past few days, I’ve observed heightened media speculations about our government purportedly budgeting the sum of N6bn for the Ramadan Feeding Programme.

“I wish to categorically state that the actual amount for the programme is the sum of N1.97bn for the whole month.

“I also counsel the media to ensure that they get their figures regarding our projects from the proper sources without giving credence to speculative figures.”

The governor, on Friday, voiced his dismay regarding the current state of the feeding programme in the Kano metropolis.

He expressed his disappointment during an unscheduled inspection of a feeding centre n Gidan Maza, Municipal Local Government Area.

Yusuf criticised the programme handlers for what he perceived as their failure to adequately serve the intended beneficiaries.

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2.5 million Africans contracted TB in 2022

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The Regional Director for Africa, World Health Organisation, Dr. Matshidiso Moeti, said about 2.5 million individuals contracted Tuberculosis in 2022 in Africa, equating to one person every 13 seconds.

Moeti also said the number of TB deaths in 2022 reached 424,000, resulting in the loss of one life every minute – even when TB is preventable and treatable.

She said this in her message to commemorate the World TB Day.

World Tuberculosis Day is marked on March 24 every year to create awareness about the impact of the disease.

According to the WHO, TB is a disease caused by a bacterium (Mycobacterium tuberculosis) that often affects the lungs.

The disease is spread through the air when people with lung TB cough, sneeze or spit. A person needs to inhale only a few germs to become infected.

WHO said a total of 1.3m people died from TB in 2022, including 167,000 people with HIV. Globally, TB is the second leading infectious killer after COVID-19 (above HIV and AIDS).

The global health body stated that an estimated 10.6m people fell ill with TB worldwide in 2022, including 5.8m men, 3.5m women and 1.3m children.

Moeti said since the 72nd session of the WHO Regional Committee for Africa in Lomé, Togo, in 2022, there has been a 20 per cent increase in identified paediatric TB cases compared to the previous year.

“This signifies a positive step, indicating a more practical approach to recognizing TB in children and a decisive push to end this ancient disease.

“Today, we reflect on our progress while recognising the challenges in our efforts to eliminate it as a public health threat.

“TB continues to be the second leading cause of death from a single infectious agent, surpassing the toll of HIV/AIDS. According to the latest report, about 2.5 million individuals contracted TB in 2022 in the region, equating to one person every 13 seconds.

“Additionally, the number of TB deaths in 2022 reached 424,000, resulting in the loss of one life every minute—even when TB is preventable and treatable. These figures underscore the urgency of our collective action in addressing the ongoing TB epidemic and highlight the need for sustained efforts to end it,” she said.

She stated that the WHO African Region supports member states’ fight against TB in Africa by setting strategic directions, developing monitoring tools, like the African TB scorecard with the African Union, and ensuring progress towards the End TB Strategy.

She also stated that the organisation is dedicated to generating and sharing knowledge on effective TB control methods.

“We support countries by updating TB treatment guidelines to reflect the latest practices and expanding access to rapid diagnostic tools. Emphasising the importance of regional cooperation, the WHO African Region encourages knowledge exchange and collaborative efforts across countries, significantly advancing the mission to eliminate TB as a public health threat in Africa.

“In the WHO African Region, we celebrate another milestone: diagnosing 70 per cent of TB patients, marking a substantial reduction in missed cases and propelling us closer to our goal. This achievement is a testament to the relentless efforts of our Member States and partners, showcasing what can be accomplished through a shared vision and concerted action.

“Between 2015 and 2022, our region achieved a remarkable 38 per cent reduction in TB deaths, surpassing the initial End TB Strategy milestone of 35 per cent by 2020. From 2015 to 2022, the region also saw a 23 per cent reduction in new TB cases, exceeding the initial End TB Strategy target of 20 per cent by 2020. All this underscores the effectiveness of implemented strategies and renewed commitment from countries,” she added.

She, however, noted that while the reduction in TB deaths is commendable, it still falls short of the 2025 End TB Strategy target of a 75 per cent reduction.

According to her, the 23 per cent decline in TB incidence mises the mark of the 50 per cent reduction target for 2025.

Hence, she highlighted the need for continued and intensified efforts to meet these ambitious goals.

“Challenges such as delayed diagnosis, limited access to new tools and technologies, and the ongoing threat of multi-drug resistant TB require continued vigilance and sustained efforts.

“Stakeholders can join us by providing resources, enhancing community engagement, conducting research, and forming private-sector partnerships. Through this unified action, we can address the challenges of TB in Africa and achieve our goal of its elimination as a public health threat.

“I urge all our Member States to prioritize a multi-faceted approach that addresses the root causes of the disease while bolstering our efforts in prevention, diagnosis, and treatment.

” I urge health leaders to intensify their commitment to strengthening health systems, ensuring equitable access to TB care, and scaling up innovative interventions,” she concluded.

Rebel Satoshi’s $RECQ Presale Shines as the Beacon of Opportunity While Dogecoin and Filecoin Weather the Market

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TLDR

  • $RECQ brings 525% gains by the end of the presale.
  • DOGE could decrease to $0.08 over the next term.
  • FIL is poised to continue its downward trend.

Many experienced traders have taken note of Rebel Satoshi’s $RECQ as one of the most rewarding investment opportunities in 2024. On the other hand, experts warn that Dogecoin (DOGE) and Filecoin (FIL) could experience massive price corrections. Let’s delve into detail and try to detect the top crypto to invest in today.

$RECQ Brings Excellent Utility and Unparalleled Rewards

Rebel Satoshi is a revolutionary meme coin project that provides outstanding benefits for its growing community of users. Hence, token holders play an active role in Rebel Satoshi’s governance and receive valuable rewards for participating in the platform’s vibrant two token ecosystem.

The powerful $RBLZ token brings voting rights for important decisions and early access to token burns. On top of that, $RBLZ raised over $2.5 million during the presale and arrived on the Uniswap DEX on March 4. Hence, early adopters expect significant surges from the initial $0.025 over the forthcoming term.

On the other hand, $RECQ serves as the platform’s base currency that supports various everyday transactions and interactions. Additionally, $RECQ provides unique access to Rebel Satoshi’s advanced buyback program and enables users to purchase merch and NFTs. However, $RECQ holders gain additional rewards by engaging in the incomparable gaming experience of the Rebel Satoshi Arcade.

$RECQ is priced at only $0.002 at the Early Bird Stage of the Rebel Satoshi presale, which means that the token is set to provide investors with remarkable 525% gains when it rises to the $0.0125 presale target. Therefore, seasoned investors point to $RECQ as the best crypto to buy today due to its enormous growth potential and advanced real-life utility.

Is DOGE a Good Investment in 2024?

According to a recent DOGE price prediction, Dogecoin investors should brace for substantial corrections in the forthcoming DOGE price movements. More precisely, Dogecoin bears believe that DOGE is set to drop toward $0.08 by the end of the year.

DOGE traded around the $0.14 threshold during the third week of March, which means that Dogecoin could decrease by 42.85%. Analysts point to DOGE’s rapidly increasing volatility and the token’s increased selling pressure as some of the main reasons for this pessimistic prediction.

Conversely, Dogecoin supporters praise DOGE as a good crypto to buy based on its excellent ranking by market capitalization and Dogecoin’s solid use case. In addition, Elon Musk stated during a Q&A session on March 13 that Dogecoin holders could soon utilize DOGE to purchase Tesla vehicles. Thus, some experts believe that Dogecoin could manage to surpass the $0.25 level by the year’s close.

Could Filecoin Drop Under $6?

Filecoin’s continued drops from the $10 threshold have resulted in negative predictions about FIL’s upcoming performance. According to Filecoin bears, FIL is set to resume its negaive trend and dip beneath the $6 range by the end of 2024.

FIL traded at around $8.50 during the third week of March, meaning that Filecoin could decrease by more than 29.41%. This bearish FIL price forecast is based on multiple factors such as Filecoin’s high inflation rate and experts’ evaluation of FIL as a risky short-term investment.

On the other hand, some crypto analysts have suggested FIL as one of the best coins to invest in today based on its massive future potential and the positive sentiments over Filecoin in the wider community. Furthermore, the platform announced in an X post on March 18 that users have deployed over 3,000 unique contracts on the Filecoin Virtual Machine. Hence, Filecoin bulls claim that FIL is bound to exceed the $14 mark by the end of the year.

Experts suggest Rebel Satoshi’s $RECQ as a better long-term alternative than DOGE and FIL, so don’t hesitate to chip in right away!

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram

287 abducted Kaduna schoolchildren regain freedom

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The Kaduna State Government has announced the release of the 287 schoolchildren kidnapped from Kuriga, Chikun Local Government Area, Kaduna State.

This was contained in a statement signed by the state governor, Senator Uba Sani, on Sunday.

The statement partly read, “I wish to announce that our Kuriga school children have been released.

“Our special appreciation goes to our dear President, Bola Ahmed Tinubu, for prioritising the safety and security of Nigerians and particularly ensuring that the abducted Kuriga school children are released unharmed. While the school children were in captivity, I spoke with Mr. President several times. He shared our pains, comforted us, and worked round the clock with us to ensure the safe return of the children.”

The governor also appreciated the courage of the officers of the Nigerian Army for seeing to the successful release of the schoolchildren.

He said, “The Nigerian Army also deserves special commendation for showing that with courage, determination and commitment, criminal elements can be degraded and security restored in our communities.

“We also thank all Nigerians who prayed fervently for the safe return of the school children. This is indeed a day of joy. We give Almighty Allah all the glory.”

On March 7, 2024, the schoolchildren from LEA Primary School and Government Secondary School, Kuriga, were abducted by the hoodlums who took them into the forest.

The abductors demanded N1bn for their release while giving a deadline of March 27, 2024, for the payment of the ransom.

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Finidi’s tactics excites Iheanacho, Dessers

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Kelechi Iheanacho and Cyriel Dessers have expressed delight with the tactics employed by interim coach Finidi George in their win over rivals Ghana on Friday, According Sports Extra reports.

Finidi led the Eagles to a 2-1 win over the Black Stars at the Stade de Marrakech in Morocco to ensure Nigeria’s first win over Ghana at senior level in 18 years.

Returning forward Dessers sent Lawrence Ati-Zigi the wrong way from the penalty spot in the 38th minute, after Ghanaian defender Jerome Opoku handled a shot by Iheanacho.

Opoku would pick up a red card in the 57th minute for dissent, leaving the Black Stars with 10 men.

The Eagles extended their lead with six minutes left when substitute Ademola Lookman calmly slotted past goalkeeper Ati-Zigi and an onrushing defender after a good team move that involved fellow substitute Moses Simon and midfielder Alex Iwobi.

In four minutes of added time, right-back Bright Osayi-Samuel brought down forward Semenyo in the Nigeria box to gift the Ghanaians a penalty, and captain Jordan Ayew made no mistake from the spot sending Stanley Nwabali the wrong way.

On the back of the win, Finidi’s tactics have earned him praises from some Nigerian players as the Super Eagles under Finidi delivered a direct, attacking style of football which was a sharp departure from the defensive football that got Nigeria to the final of the 2023 AFCON where they finished second.

“He has done a fantastic job within such a short space of time, hopefully he will get more chances to prove himself,” Iheanacho said.

Dessers, who scored the first goal of Finidi’s bow as Eagles boss believes the Enyimba’s style helps them create more chances saying, “He had a clear approach to this game – press aggressive and create more chances in this manner and I think we did that.”

Nigeria will next battle Mali in Morocco on Tuesday, handing Finidi another chance to convince many about his readiness for the Super Eagles job.

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NIMC, NDPC urged to address data breaches

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Paradigm Initiative, a civil society organisation, has called for immediate action from the National Identity Management Commission in response to a severe privacy breach involving unauthorised access to citizens’ data via XpressVerify.com.

The breach deemed a violation of both the National Data Protection Act and citizens’ constitutional right to privacy, has been condemned by Paradigm Initiative as a flagrant disregard for the law and a betrayal of public trust.

Paradigm Initiative in a statement stressed the urgency of intervention from the NIMC and the Nigerian Data Protection Commission to address this egregious violation of citizens’ privacy rights.

“The NDPC must swiftly investigate this matter, holding accountable all parties involved in compromising the security of the National Identity Database,” it said.

“Every Nigerian has the right to trust that their personal information is secure and protected. We further demand NIMC outlines steps to rectify this breach and prevent future occurrences,” the statement continued.

Paradigm Initiative urges the NDPC to act decisively in upholding the principles of data protection and safeguarding citizens’ privacy rights as enshrined in the NDPA and the constitution.

“All these demands are outlined in the freedom of information request sent by Paradigm Initiative, and we remain committed to collaborating with all involved agencies and relevant stakeholders to ensure the privacy rights of all are protected,” the group concluded.

The report by the Foundation for Investigative Journalism on March 16 alleged that XpressVerify has unrestricted access to the NINs and personal details of all Nigerians registered in the nation’s identity database managed by NIMC.

Furthermore, it suggested that XpressVerify has monetized this access to NINs and the personal information of citizens on the database.

Despite the allegations, NIMC, in a statement on Sunday, disclaimed any affiliation with XpressVerify.

The Director-General and CEO of NIMC, Abisoye Coker-Odusote, clarified that the commission solely provides NIN verification and other services through licensed partners

Part of that statement read, “The Commission wishes to state that it offers NIN verification and other services through licensed partners. However, XpressVerify is not one of the Commission’s licensed partners.

“We express our gratitude to our media partners and the whistleblowers for bringing this to our attention and wish to assure Nigerians and legal residents that there is no data breach of any sort and the Citizens’ data is safe and secure in Nigeria’s National identity database.

Over 100 academic papers written using artificial intelligence – Report

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Many research papers published across various academic journals were likely written, at least in part, by artificial intelligence, according to a new report.

An investigation by 404 Media, a tech journalism site, revealed that AI-generated papers are being published in academic journals, which has raised the question of the impact of AI-powered tools on academia as a whole.

The report cited Google Scholar, a journal database, and when searching this database with phrases such as “As of my last knowledge update” and “I don’t have access to real-time data,” two phrases commonly used by AI in its responses to prompts from users, more than 100 studies become listed.

404 Media reported that AI-generated papers were being passed off not only in low-quality academic journals but also in some reputable ones.

This highlighted not only the increasing prevalence of AI but also existing issues about quality, admissions standards, and pay-to-play business structures in academia, the report noted.

It was noted that at least one paper seemed to be so blatantly copy-pasted from a chatbot that the individuals who submitted it to the respected chemistry journal Surfaces and Interfaces didn’t even remove the chatbot’s introduction before publication after peer review.

The report revealed that Bellingcat researcher Kolina Koltai posted a screenshot of the paper titled “The three-dimensional porous mesh structure of Cu-based metal-organic-framework – aramid cellulose separator enhances the electrochemical performance of lithium metal anode batteries.”

The introduction of the paper contained the phrase “Certainly, here is a possible introduction for your topic,” which strongly resembles an algorithmically polite response to an AI prompt.

When Futurism conducted a similar search on Google Scholar, they found results that primarily either utilized the OpenAI chatbot as a “co-author” or demonstrated its limitations as a research and writing tool.

However, they also discovered numerous instances where it appeared likely that academics had lazily employed AI to generate text.

The existence of these papers, particularly in reputable journals, suggests that AI has permeated academia to a greater extent than previously realized.

The study suggested that until journals begin enforcing stricter standards, the presence of AI-generated content will continue to obscure the integrity of what are meant to be esteemed intellectual institutions.

A 2023 survey of scientists conducted by Nature found that 1,600 respondents, or around 30 per cent of those polled, admitted to using AI tools to help them write manuscripts.

And while phrases like “As an AI algorithm” are dead giveaways exposing a sentence’s large language model origin, many other more subtle uses of the technology are harder to root out.

Detection models used to identify AI-generated text have proven frustratingly inadequate.