Author: damazah@gmail.com

Emma Okonji Worried about the development where Nigeria’s macro economy is improving without making meaningful impact on the lives of Nigerians, the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), in partnership with the House Committee on Finance, organised stakeholders strategic retreat in Lagos to address the anomaly.     Participants at the retreat identified some of the challenges, which they said were largely driven by food inflation at 17.52 per cent on a year-on-year basis, caused by over-dependence on oil revenue and high cost of revenue collection by government agencies, among others. According to them, the stakeholders strategic retreat, themed: ‘Beyond Collection:…

On Wednesday, IBM officially reported earnings and the news was as bad as everyone knew it would be. While the 115-year-old company still generates boatloads of cash — $17.2 billion in revenue, $9.9 billion in gross profit, nearly 58% margins, and $2.2 billion in net earnings for the quarter — its results fell well short of Wall Street’s expectations. It was such a bad miss that IBM CEO Arvind Krishna and the board took an unprecedented step of warning investors ahead of time that the earnings “was worse than our expectations,” offering everyone a sneak peek. He published a “letter…

Lidar technology uses pulses of infrared light to calculate distances and create detailed 3D maps of the surrounding environment. This allows autonomous vehicles to detect objects in their path and respond quickly. However, conventional lidar sensors are often large and costly, and many rely on moving components that can wear out over time. These limitations make the systems difficult to use in a wider range of settings. MIT researchers have now developed an approach that could lead to smaller, more durable lidar sensors that operate without any moving parts. Their advance centers on a new silicon-photonics chip, a type of…

Jul 22, 2026, 07:17 PM ETBETHLEHEM, Pa. — Charlie Woods failed to reach match play in the U.S. Junior Amateur after falling short in a 14-player playoff for two spots.The son of 15-time major champion Tiger Woods was tied for 63rd on Tuesday after shooting rounds of 76 and 70 over two courses at Saucon Valley for a 5-over total. He was eliminated with a bogey Wednesday after being bothered by the clicking sound of a phone camera during his third shot of the first playoff hole, a distraction that likely would not come into play for other juniors.Editor’s Picks1…

With the Big Bang Theory spin-off machine operating in full force after nearly 20 years, series co-creator Chuck Lorre explained the choice behind the franchise’s latest lead. While discussing Stuart Fails to Save the Universe, premiering Thursday at 9pm ET on HBO Max, Lorre explained that the titular comic book store owner was “the absolute worst choice” for the offshoot as he was a minor character that nobody would expect to step up and save the world. “He was the absolute worst choice to be the hero of this story, which made him the perfect choice,” Lorre told People. “And…

Beyond roads, bridges and other signature projects, the ongoing infrastructure renewal in the Federal Capital Territory is also extending to institutions that shape Nigeria’s future. Among them is the Nigerian Law School, where extensive rehabilitation and modernisation projects are redefining the learning environment for aspiring legal practitioners. In this report, Raheem Akingbolu examines how the infrastructure drive spearheaded by the Minister of the FCT, Nyesom Wike, is transforming the nation’s foremost institution for legal education ‎ ‎There are moments in the life of an institution when new buildings represent far more than bricks, mortar and concrete. They become symbols of renewed purpose, fresh…

US Secretary of State Marco Rubio pushed back against critics who may be concerned about Saudi Arabia’s ability to develop a nuclear weapon in the future.”The US is not going to reach any agreement with any country in the world that leads to the risk of proliferation,” Rubio told reporters while travelling in the Philippines. Several Democrats who voiced opposition to the deal noted that during his time as a senator, Rubio had endorsed a law – the “No Nuclear Weapons for Saudi Arabia Act” – which required Congress to sign off on a nuclear deal with the Saudis. Massachusetts…

The VLCC Mobassa B (previously named Front Forth), one of the two tankers which the UAE defence ministry said was struck by Iranian cruise missiles while transiting the Strait of Hormuz, in Rotterdam, Netherlands, August 18, 2024, in this picture obtained by Reuters on July 14, 2026.Edwin van Werd | via ReutersOil prices rose Thursday after U.S. President Donald Trump threatened to bomb Iranian infrastructure in response to any attacks on ships transiting the Strait of Hormuz, raising fears of a further escalation in the conflict that has already disrupted crude supplies.Brent crude futures for September delivery gained 2% to $95.99…

For years, Microsoft has leaned heavily into extensive backward compatibility across multiple generations of Xbox hardware as a major selling point for its consoles. Today, that effort expands past the console ecosystem, making select original Xbox titles officially playable (and purchasable) on Windows PCs for the first time. The appropriately and bluntly named “Xbox Backward Compatibility on PC” program kicks off today with compatibility for BLiNX: The Time Sweeper, Conker: Live and Reloaded, Crimson Skies: High Road to Revenge, and Fuzion Frenzy. PC players can download each title for $10, but those with Xbox Game Pass subscriptions or existing digital…

Former defence minister Al Carns says he has turned down an offer to serve in Prime Minister Andy Burnham’s government.Carns followed John Healey, then defence secretary, in resigning from former prime minister Sir Keir Starmer’s government last month in a row over planned military funding, which both men said was not high enough.At the time, Sir Keir replaced Healey with Dan Jarvis, increased funding for the long-delayed defence investment plan (Dip) by a little but notably left a £4.7bn funding gap.Now Carns says he has been offered a ministerial role by the chief whip, Anneliese Midgely, but declined because he…