FIFA has increased Africa’s slots at the 2023 FIFA Women’s World Cup to be held in Australia and New Zealand from three to six. The decision was one of the major decisions the Bureau of FIFA Council took on Thursday, December 24, when it met to discuss the fate of upcoming FIFA competitions. Africa in time past had three direct slots, which were given to the top three performing teams at the Africa Women’s Championship. The new decision, which is due to the expansion of the competing teams from 24 to 32 teams, will mean that Africa will have four direct slots and two others fighting in play-offs. The two host countries, Australia and New Zealand, will automatically qualify for the 2023 World Cup and their slots have been taken directly from the quotas allocated to their confederations, nam...
A total volume of 2,781,526,188 transactions valued at N319.99trn was recorded in the third quarter of this year based on data on electronic payment channels in the Nigeria banking sector, the Nigerian Bureau of Statistics has said. It disclosed this in its latest Selected Banking Sector Data which focused on sectorial breakdown of credit, e-payment channels and staff strength of Deposit Money Banks. The bureau said Real Time Gross Settlement transfers dominated the volume of transactions recorded. RTGS systems are specialist funds transfer systems where the transfer of money or securities takes place from one bank to any other bank on a real-time and on a gross basis. The NBS said 1,799,199 volume of online transfer transactions valued at N116.06trn were recorded in Q3 2020. In terms of c...
U.S. warns Pacific islands about Chinese bid for undersea cable project
The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region. Huawei Marine, which was recently divested from Huawei Technologies Co Ltd and is now majority-owned by another Chinese firm, submitted bids along with French-headquartered Alcatel Submarine Networks (ASN), part of Finland’s Nokia, and Japan’s NEC, for the $72.6 million project backed by the World Bank and Asian Development Bank (ADB), the sources with direct knowledge of the project details said. The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati. Washington sent a diploma...