Business
Nigerian Students For 2018 World Robot Olympiad In Thailand
Some Nigerian students are set to represent the country at the 2108 World Robot Olympiad in Thailand after coming out tops at the World Robot Olympiad (WRO) Nigeria held in Lagos, Saturday.
The Tide source reports that the WRO Nigeria was held at the Lagos City Hall, Lagos Island, where 35 schools and 140 students across Nigeria participated.
The winners of each category will represent Nigeria at WRO, Chiang Mai, Thailand later in November.
The students at this year’s competition tagged: “Food Matters” seek to proffer solutions to the way we grow, share and consume food with the aid of robots as a means of providing scientific supports.
The task was to create robots that will solve both simple and complex tasks of providing solutions to agricultural challenges, such as pest monitoring, watering and simple farm works.
The winners for the 2018 WRO Nigeria are Team Imperial Gate 1 which came first. The team has Amara Oguamnam, Adil Umeh and Ayomide Alaba.
Team Imperial Gate II came second with Jeremy Chiemezie, Oluwasindara Olatawura and Angel Odewoye.
Team Nijabot came third with Oluwataresimi Agbayangi, Theophilus Okolo and Zara Onwude in the team.
In the open category (Junior), Team Titanix came first, Team Eva Adelaja came second, while Team Bliss was third.
For the Senior Category, Lagos Model College, Meiran, came first, Ojota Senior Secondary School, Ojota followed, while New Era Girls College, Shitta was third.
The 2018 WRO Nigeria serves as the qualification stage to the WRO coming up in Chiang Mai, Thailand in November that may have about 22,000 participants according to the organisers.
The participants are drawn from across the public and private schools in Lagos having gone through tutorials from their teachers.
The 2018 WRO Nigeria was put together by Arc Lights Foundation Academy, a programme which has been on since 2014.
Arc Light Foundation is the exclusive partners of LEGO in Nigeria and LEGO Education in West Africa, and is the organiser of the World Robots Olympiad, an annual event that draws participants from across the world.
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Business
CBN Reforms Impact Consumers As Dollar Card Spending Limits Rise
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
Business
WEC: FG Inaugurates Governing Board … As Nigeria Rejoins Council
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.
