UNDERSTANDING DEVICE FEATURES CAN HELP NIGERIANS SAVE DATA, MTN REVEALS. (PHOTO).

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 Understanding Device Features Can Help Nigerians Save Data, MTN Reveals Mobile network operator MTN has offered insights into why many Nigerians experience rapid depletion of their mobile data subscriptions, pointing to smartphone features and user understanding as critical factors in managing consumption effectively. Speaking on the issue, a representative identified as Kojode highlighted that many modern smartphones come equipped with built-in functionalities designed to help users monitor and control their data usage. These features, if properly utilized, can significantly extend the life of a data plan. Leveraging Smartphone Monitoring Tools Kojode explained that users often overlook readily available tools within their device settings that provide detailed breakdowns of data consumption. These include: • Data Usage Trackers: Most smartphones allow users to see which applications are consuming the most data over a specified period. This insight enables users to identify data-h...
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EGYPTIAN CENTRAL BANK GOVERNOR RESIGNS. (PHOTO).

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 Cairo August 17 2022: Egyptian central bank Governor Tarek Amer resigned, a shock decision one day before an interest-rate meeting and with pressure mounting on the currency.


Amer was appointed as an adviser to President Abdel-Fattah El-Sisi, the state-run Middle East News Agency reported Wednesday. No further details were given on his resignation, and it didn’t say who would be the next governor.


Derivatives traders added to bets for a weaker pound. In the non-deliverable forwards market, the three-month contract was around 21.1 per dollar Wednesday, compared with 20.4 on Tuesday. The spot rate slipped 0.1% to 19.16 against the dollar in the offshore market.

The departure adds more uncertainty for an economy that’s under pressure from the spillover effects of Russia’s invasion of Ukraine. Amer’s drama-filled tenure included a steep currency devaluation during his first four-year stint and another in March.


Under Amer, who started his new term in January 2020, Egypt became a prime destination for hot money by keeping its currency stable and boasting the world’s highest interest rates when adjusted for inflation. Soaring consumer prices in 2022 have eroded that advantage, although a slight majority of economists surveyed before the governor’s departure expect Egypt to hike rates for the third time this year at a meeting scheduled for Thursday.

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