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Zuckerberg Loses Almost £7b as Facebook, WhatsApp, Instagram Went Off for Hours

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Zuckerberg Loses Almost £7b as Facebook, WhatsApp, Instagram Went Off for Hours

The Chief Executive Officer and founder of Facebook, Mark Zuckerberg, lost nearly $7 billion of his net-worth in a few hours following the collapse of Facebook, WhatsApp and Instagram

According to Bloomberg, a selloff dropped Facebook’s stock around 5 percent on Monday. the stock slide dropped Zuckerberg’s worth to $128 billion on the Bloomberg billionaires index.

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Data showed that the three social media platforms completely stopped working shortly before 5 pm on Monday, leaving millions of users worried.

in a Twitter post, Facebook, Instagram and WhatsApp said it was aware of the issue and working to fix it. however, the three platforms are back and working.

Read Also: ECOWAS Nations To Launch Cross Border Debt Market by 2023

 

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Just-Tech

Umar Farouq Flags Off Mobile Money Agents Training in FCT, North Central Zone

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Umar Farouq Flags Off Mobile Money Agents Training in FCT, North Central Zone

A four-day training programme to establish beneficiaries in mobile money transactions has been launched in the federal capital territory and the north-central states.

The training was flagged off on Thursday by the minister of humanitarian affairs, disaster management and social development Sadiya Umar Farouq at the international centre for women’s development, Abuja.

The minister said in her keynote address, that the federal government has paid more attention to promoting the plight of the poor and vulnerable in the country which she said informed the decision to initiate the national social investment programme(NSIP) as a strategy for enhancing social inclusion.

Minister Umar Farouq also stated that the mobile money agents’ training programme is designed to empower unemployed youths and develop their competencies to operate as registered mobile money agents.

The programme is expected to provide job opportunities for 1,850 youths selected from the 36 states and the FCT as well as promote financial inclusion, by providing financial services to under-served Nigerians.

The minister later made a symbolic presentation of pos machines, umbrellas, fingerprint scanners, furniture and a twenty thousand naira starting capital to some of the beneficiaries.

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Some items, which include pos machines, umbrellas, fingerprint scanners, furniture and cash of twenty thousand nairas, were presented to the beneficiaries by the minister.

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Federal Government to Enhance Access to Financial Services for MSMEs

 

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Foreign

President Erdogan Accuses Nigeria of Harboring Turkish Terrorists

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President Erdogan Accuses Nigeria of Harboring Turkish Terrorists

The President of Turkey, Recep Tayyip Erdogan, says the terrorists who tried to remove him through a coup in 2016 are still active in Nigeria. Erdogan said this at a joint press conference with the President General Muhammadu Buhari, on the occasion of his two-day official visit to Nigeria.

In the speech delivered in his native Turkish and interpreted by one of the officials on his entourage, Erdogan asked Nigeria to join his country to forge a solidarity in the fight against terrorism in the two countries as one of the oldest allies of Turkey in Africa, having seen 60 years of diplomatic ties.

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The Turkish President stated that he hoped to expand trade volume from the current $2bn to $5bn between Nigeria and his country. He further said he was hopeful that the relations between Nigeria and Turkey would be further developed on the basis of a win-win situation and on the basis of mutual respect.

In his speech, Buhari revealed that he signed eight major agreements/Memoranda of Understanding on several key sectors including energy, defense industry, mining and hydrocarbons among others. This is as he added that implementation of all eight agreements will commence immediately.

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500 MSMEs Beneficiaries of the Nigeria Youth Investment Fund Revealed

CBN Sets Aside N60bn for Lagos Rail Project, Disburses N45bn

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Newsroom

Nigeria Set to Revamp Rubber Industry

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Nigeria Set to Revamp Rubber Industry

Nigeria’s Minister of State for Science, Technology and Innovation, Abdullahi Mohammed says the Federal Government has made a lot of profitable efforts to revive the Rubber Industry in the country. The Minister made this known when he gave a keynote address in Abuja at the National Conference For the Industrialization of Rubber Sector.

The Minister further said that more needs to be done to ensure sustainable development and industrialization of the sector, such as the need for collaboration between government and the organized private sector to develop the industry by setting up small to medium scale factories that will produce rubber into value added products in Nigeria.

He therefore called on Rubber exporting countries like Nigeria to factor in the execution of aggressive programs which combine production levels and required technology input for the sustainable development and industrialization of the sector. He mentioned that the exploitation of the Rubber industry is a “blessing in disguise” because there is not enough supply of natural rubber to meet global rubber demand.

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According to him, The Ministry has an important role to play alongside mainstream stakeholders like Ministry of agriculture and rural development and Ministry of industry trade and investment towards the sustainable development and industrialization of the rubber sector in the country.

He said that Some of its critical role in Industrialization of rubber sector include the following: Making available technical information with respect to sourcing, processing and utilization of natural rubber through raw materials and research development council. Collaboration with relevant stakeholders in the execution of commercialization of key innovations and research in the Industry.

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