Business
Engineering: The Magic Behind Modern Marvels
In a world filled with technological wonders, it’s often said that engineering is the closest thing to magic. But what makes this comparison so fitting? Engineering transforms the impossible into reality—bridges that seem to float, tiny devices that connect us globally, and skyscrapers that touch the sky.
From the light bulb to the smartphone, engineers take concepts from the imagination and make them part of our everyday lives. Consider the magic behind flight, once a dream, now a daily reality thanks to aerospace engineering. Or think of the intricate systems that provide clean water and electricity, working invisibly to power our world.
What’s truly magical about engineering is its ability to work behind the scenes, creating seamless systems that make life easier and more comfortable without us even realizing it.
And the magic doesn’t stop with the present. Engineers are paving the way for future wonders like personalized medicine, renewable energy, and artificial intelligence, promising an even more remarkable world ahead.
In essence, engineering is the modern-day magic that turns dreams into reality, continually pushing the boundaries of what’s possible and shaping a future that once seemed like pure fantasy.
Ecobank Group is reportedly set to raise up to $250 million through an Additional Tier 1 (AT1) capital offering in order to strengthen the bank’s capital base.
This was revealed during the company’s annual general meeting held in Togo on the 29th of May, 2025. According to the meeting, the bank stated that the conversion price for the shares will be based on the higher of the prevailing exchange rate and the floor price of $0.02 per ordinary share.
The speaker stated “As we cast our eyes into the future and reimagine all possibilities—rising competition from banks, fintechs, and non-bank financial institutions, as well as factors such as geopolitics, regulations, and capital markets—we cannot afford complacency.”
The Central Bank of Nigeria (CBN) recently assured stakeholders about the state of the banking sector in Nigeria, stating that the banking sector can still be trusted and is secure.
The assurance was shared in a statement signed by Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN. In the statement, it was emphasized that stakeholders should disregard any negative news concerning the banking sector, as such reports are misleading.
The CBN also highlighted the security of the deposits entrusted to it, stating, “There is no reason for the public to worry about the security of their deposits.” The extent of the measures and security in place was also emphasized by the director in the statement.
Nigerian Businessman Dr. Cosmos Maduka analyzes popular Billionaire, Aliko Dangote and describes him as the biggest debtor in Nigeria.
The businessman highlighted the fact that people who seem to have the most money are often the largest debtors.
“The number one debtor in Nigeria is Aliko Dangote. He’s the wealthiest man in Africa. The number one debtor in the world is the United States of America and you call them the richest in the world.”
“As you admire all of those things, it’s all credit. It’s all about credit. So you should leverage on loan, but you have to have a good structure that will support that loan.”
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