Ukrainian Telecom Regulator, the National Committee for Communication and Information Regulation (NCCIR) has issued a Proposal for Stimulating New Technology Development in Ukraine. The document with a truly promising headline suggests certain changes to the Tax Code and Radio Spectrum Utilization Plan. Some of these innovations have been sternly criticized by industry experts. To start […]
IMF and Nigeria’s Naira: The Politics of Currency Devaluation
The value and worth of a currency is determined by the wealth of a nation. In this era of global capitalism, a wealth of nation goes beyond the conventional valuation based on the natural and human resources. A nation’s image, perception, security and stability also played an important role in the determination of a nation’s […]
United Temple Mount Movement protest to UNESCO
The United Temple Mount Movement (UTTM) sent on Monday a strongly worded letter to the Director-General of UNESCO, Irina Bokova urging her to prevent the Jordanian-Palestinian resolution aimed at erasing the Jewish connection to the Temple Mount. The Committee is meeting in Istanbul from July 10 to 20 to vote on new sites for its World […]
Nigeria: Floated Naira projected to lose ‘70 percent’ value
The floated Nigeria’s naira that has been pegged at 197-199 to a dollar lost over 40 percent of its value on the first day of trading. Unofficial reordered statistics on first day of naira outing revealed that naira was traded as low as 265 to a dollar and at one point nosedived to 288 to […]
Sony Approaching Virtual Reality Launch
On Monday, Sony Corp. announced that it will be rolling out its virtual reality headset on October 13th, 2016, paying the way for the much-anticipated release of the device. The company is also planning to introduce a range of blockbuster game titles for the virtual reality headset. Before the E3 in Los Angeles, which is […]
Nigeria’s naira Floats: IMF prevails as pending doom looms
Here comes the big trouble, for with floating of naira comes massive devaluation, Hyperinflation and higher interest rate. Nigerian government has finally bowed to recommendation by masterly International Monetary Fund (IMF) to devalue naira by allowing the embittered currency to float. Nigerian government cannot be accused of dithering; the government held his own but oddities […]
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