Nigeria has significant lithium deposits in states like Nasarawa, Abuja, Kwara, Plateau and lots more yet to be explored. Exploration in Nasarawa suggests a monthly production capacity of over 20 tons per mine, with potential annual economic value of ₦244.5 billion which could run into the state government coffers. Proper
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Microfinance is a distinct type of lending that has been practised for a considerable period of time. As defined by the Central Bank of Nigeria (CBN) in its 2005 policy document launched to mark the United Nations International Year of Microcredit, microfinance is basically providing financial services to the poor,
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Longer freight trains are more likely to derail compared with shorter trains, according to new research published in Risk Analysis. The increased risk held even after accounting for the need for fewer trains if more cars were on each train. For the study, investigators assessed information on US freight train accidents
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Four teams from Nigeria have secured two grand prizes, and two first prizes at the Huawei ICT Competition 2023-2024 Global final held in Shenzhen, China on May 26, 2024. At the fierce competition designed to help students enhance their ICT knowledge and practical skills, the Nigeria teams emerged part of 19
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A recent study from the University of Michigan has shed light on a critical challenge facing the global transition to electric vehicles: the inability of copper mining to keep pace with the growing demand. Engineering & Technology reports that copper, a crucial component in electricity generation, distribution, and storage, is fundamental
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A team of computer scientists at Purdue University has found that the popular LLM, ChatGPT, is wildly inaccurate when responding to computer programming questions. In their paper published as part of the Proceedings of the CHI Conference on Human Factors in Computing Systems, the group describes how they pulled questions
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China is roping in financial blue-chips in a renewed push to achieve technological self-sufficiency. Six of the country's biggest lenders have invested in Beijing's third and largest semiconductor fund, marking a new and riskier phase in China's industrial ambitions. Known as the “Big Fund”, the China Integrated Circuit Industry Investment Fund
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Lagos State has taken a major step towards turning tonnes of solid waste generated in the metropolis to usable energy. Governor Babajide Sanwo-Olu, yesterday, formalised a partnership with a Dutch firm, Harvest Waste Consortium, for the construction of a high efficiency Waste-to-Energy plant on Epe landfill, which will utilise advanced technology
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With the potential to reduce energy consumption and slash manufacturers’ production cost by as much as 30 per cent, reduce wastages, and also help cut greenhouse emission and propel Nigeria’s goal of achieving net-zero emissions, the adoption of industrial energy efficiency and cleaner production processes has become a compelling proposition.
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Global technology company, SLB, is strengthening its presence in Nigeria through a strategic alliance with NNPC Energy Services Limited (EnServ), the national oil operator’s service company aiming to leverage the combined strengths and expertise of the companies to deliver a wider range of services for the Nigerian oil and gas
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