police: National Assembly confirms approval by 28 states

The National Assembly has confirmed receipt of approval from 28 State Houses of Assembly for the Constitution Alteration Bill seeking to establish State Police Services in Nigeria.

The Clerk to the National Assembly, Mr Kamoru Ogunlana, in a statement on Tuesday in Abuja, confirmed the constitutional compliance with the alteration process for the state police creation.

Ogunlana said the bill was transmitted to the 36 state houses of assembly on Sept. 16, for consideration and approval within 30 days as required by law and procedures, adding that the stipulated period elapsed in Oct. 15.

He, however, said that his office would continue to accept reports until the bill is transmitted for presidential assent in line with existing regulations.

He said that 28 state houses of assembly approved the bill, exceeding the two-thirds threshold of 24 states required under Section 9 of the Constitution of Nigeria, 1999.

‘The office undertook administrative verification of reports and accompanying votes and proceedings to establish authenticity and ensure accurate reflection of legislative decisions taken by respective state houses of assembly nationwide,’ he said.

Ogunlana clarified that Section 9 does not expressly prescribe a third reading for a constitution alteration bill, unlike the procedure applicable to ordinary bills before parliament in the National Assembly.

He said that necessary administrative processes were being undertaken to facilitate transmission of the Bill to President Bola Tinubu for assent under the Authentication Act, CAP A2 Laws of the Federation, 2004.

‘The National Assembly appreciates the cooperation and timely responses of the State Houses of Assembly,’ he said.

The clerk described the approval as significant for strengthening the security architecture and deepening federalism in Nigeria’s evolving democratic system.

He said that the office of the clerk would continue to provide accurate and timely information on developments relating to the constitutional amendment process until the final presidential assent is secured and duly communicated to Nigerians.

Rethinking work in the age of AI

WHEN you ask people about their experiences using AI in their private lives, enthusiasm is the prevailing response. Everything becomes much faster. Planning the next vacation is easy, and texts can be written in no time.

(By the way, that does not apply to this article. I have been working on it for quite some timeJ)

When you ask people who use AI at work, the answers become more nuanced.

Those with deep contextual knowledge who use AI as a sparring partner recognize its advantages, but they also see its weaknesses. Ask people who work on the technological side, and it becomes clear that building the AI technology stack is complex and that security risks are increasing.

A successful AI transformation is now the responsibility of the entire top management team, not just the IT department.

A comeback of process reengineering is needed. Just as in the 1990s, workflows must once again be analyzed and rethought across the entire value chain.

But let’s not fool ourselves: this time, the process will be significantly more complex because the division of tasks will no longer involve humans alone.

In the future, a team will also work with AI and independently operating agents. This will significantly affect how tasks and roles are distributed.

Of course, AI can store more explicit knowledge than any human, works extremely quickly, and does not get sick. However, people possess valuable implicit knowledge gained through experience, as well as intuition and empathy. Without these ‘human skills,’ no organization can function.

We must therefore clearly define the following:

Where is human judgment needed, and where does using AI make sense, both in terms of the work itself and economically?

Where can AI agents work independently, and where must a human make the final decision?

And how can we ensure that the necessary skills to make these decisions are available throughout the organization?

This is already complex enough in itself-and it becomes even more difficult because AI is constantly evolving.

Imagine all of this happening in a traditional organization where everyone works within inflexible structures and fixed job descriptions. It is clearly defined which team is responsible for which tasks and what skills are required. There are hierarchies, corresponding authority levels, and clearly assigned responsibilities.

Then there is another human factor to consider. In well-functioning teams, there is a working environment where colleagues help each other and newcomers learn from experienced employees. Decisions are discussed, including with the manager. People simply work together and collaborate.

However, the use of AI reduces human interaction, as Anthropic has already observed. Less interaction, in turn, leads to less contextual understanding.

If even the smallest problems are immediately directed to AI and are less frequently thought through independently or discussed with colleagues, this does not help develop people’s general cognitive abilities!

I am not only concerned about younger people who are growing up with AI and whose neural connections are not yet as firmly established simply because of their age.

In my view, no one is immune to the temptation to take what seems to be the ‘easier’ route, even when faced with simple questions, rather than making the effort to think things through independently.

I am particularly concerned about organizations where continuous learning is not an established part of the company culture.

billboards do the job socmed

For these organizations, the AI transformation will become an enormous leadership challenge.

Throughout this journey, the message for managers is clear: coach more instead of controlling, build trust, and communicate openly. This includes being open about their own uncertainties and discussing how the roles of humans and AI are changing.

Here are the three most important lessons:

1. AI should support people, not replace human judgment. AI can process information quickly, but humans still contribute experience, intuition, empathy, and decision-making.

2. People must continue learning and thinking independently. If we ask AI to solve every small problem, we may lose opportunities to develop our own thinking skills and learn from colleagues.

3. Leadership must adapt to AI. Managers should help their teams understand which tasks belong to AI and which require human involvement. They should encourage collaboration, trust, and continuous learning.

In simple words: AI is a powerful tool, but successful companies will be those that combine AI’s capabilities with human intelligence, experience, and teamwork.

Phinma keeps optimism despite El Niño, foreign exchange concerns

Phinma Corp., the diversified conglomerate of the Del Rosario Group, is keeping its optimism heading into next year despite concerns over the potential impact of El Niño and fluctuations in foreign exchange rates.

Phinma, a holding company with investments in the education, construction materials, property development, hospitality and community housing sectors, delivered strong first half results amid a weaker economic environment.

‘We already saw the softening of the economy late last year, even before the war. So we already adjusted some of our systems. And then early this year when the war happened, we already adjusted,’ Phinma president and COO Chito Salazar told The STAR.

‘We’re kind of prepared for the rest of the year, regardless of what’s going to happen. I think we’ll do okay and our projections will remain as is,’ he said.

Phinma’s consolidated net income rose to P363.35 million and attributable net income climbed to P20.11 million in the first semester, with revenues reaching P9.55 billion.

The performance was attributed to consistent growth in education, more efficient operations in the construction materials segment, the continuation of regional development projects in properties and community housing as well as stable domestic demand in hospitality.

However, Salazar said next year is troublesome because of El Niño.

‘So our people will be squeezed on both sides. The high costs are going to hit them locally because food prices will potentially go up because of El Niño. But then the imports will also push that side. So we’re a little bit worried about that,’ he said.

Salazar said the group is also worried about the foreign exchange, with tensions in the Gulf region contributing to fluctuations in foreign exchange rates.

‘But I think we will still remain optimistic. The pressure is a little bit on us to find efficiencies and productivity. I think we’re in good businesses where the demand is needed. We’re feeling more of a cost squeeze than demand problem,’ he said.

Despite the uncertainties, Salazar said Phinma continues to keep an eye on potential acquisitions, especially in the education sector.

‘Always. Never going to stop because the market is so huge that the people need education,’ Salazar said.

‘We’re still looking at Davao. We’re still looking for markets in NCR. We want to enter the low-income market in Cebu because our school right now is not low income. And we’re actually looking at Vietnam also,’ he said.

Phinma Education acquired early this year Southeastern College – its 12th institution in the Philippines and 14th in Southeast Asia – to further expand access to affordable quality education for underserved first-generation college students.

Even without acquisitions, Salazar said Phinma would also continue expanding its network of schools in the country.

Binance hack renews digital-asset security concerns

The hacking of Binance has renewed concerns over digital-asset security and the growing threat of artificial intelligence (AI)-powered cyber-attacks, potentially boosting demand for cybersecurity services while adding to short-term market volatility.

Nares Laopannarai, president of the Thai Digital Asset Association, said the breach had dealt a serious blow to investor confidence, given Binance’s position as the world’s largest cryptocurrency exchange, with nearly half of global crypto traders using the platform, according to his assessment.

Following earlier concerns over hardware-wallet security, the incident could further weaken confidence in digital assets and dampen cryptocurrency trading, he said.

The breach involved unauthorised withdrawals from Binance’s online wallets, with the exchange estimating losses at about US$6.3 billion.

Binance said it would cover the losses and that around $3 billion in affected assets had been frozen. The company said its investigation was ongoing and found no evidence that wallet security keys had been stolen.

Chayanon Rakkanjanan, chief executive and co-founder of Finnomena Funds, said stablecoin issuers Tether (USDT) and Circle (USDC) had suspended transactions and frozen some assets following the incident.

While the measures helped limit potential losses, they also raised questions about the decentralised nature of digital assets, as issuers can freeze users’ holdings. This may reassure investors that stolen funds can be contained, but it also raises concerns about financial freedom and control over their assets.

CYBERSECURITY DEMAND

Mr Chayanon said initial market concerns centred on the risk that the incident could spread to the wider financial system. Investors feared further attacks on major financial market operators, including the New York Stock Exchange, prompting some to sell risky assets and hold cash.

However, the breach did not trigger wider financial disruption or widespread forced selling, he said. Subsequent declines in global equities were largely driven by other concerns, particularly doubts over the earnings and cash flow of major technology companies investing heavily in AI infrastructure.

Hackers reportedly used AI tools to identify weaknesses in Binance’s online wallet system, highlighting how the technology could make cyber-attacks more sophisticated.

The incident is expected to increase demand for cybersecurity services, particularly AI-powered systems that can monitor networks, identify weaknesses and detect threats. Businesses will need to strengthen their defences as cyber-risks become more complex.

However, the development of AI-powered attacks is outpacing security rules and regulations, creating challenges for businesses and regulators, Mr Chayanon said.

INVESTMENT STRATEGIES

Thai brokerages, including InnovestX Securities, Bualuang Securities and Kasikorn Securities, said the incident had added to an already fragile investment environment, alongside expectations of higher interest rates for longer, corrections in technology and AI stocks and the expiry of options contracts worth $11 billion.

Lower bond yields could reduce borrowing costs for AI companies investing in infrastructure, supporting their longer-term earnings prospects, according to brokerage research.

Analysts viewed the recent decline in major technology stocks as a short-term setback, with investment in AI infrastructure continuing.

Mr Chayanon advised investors against rushing to sell at a loss, while cautioning against buying more shares until clearer signs of recovery emerge.

Investors could maintain exposure to technology and global equities through funds such as B-INNOTECH and KKP GNC, while diversifying into healthcare, Thai ESG funds and dividend-paying Thai stocks to balance portfolio risk.

Cyprus Stock Exchange

The Cyprus Stock Exchange (CSE) All Share Index closed at today`s stock exchange meeting as follows:

MEETING DATE: 03/11/2026

INDICES BASE VALUES: FTSEMed=5000, OTH

EURO (pound )

TRADED VALUE:

471.885,89

INDEX

VALUE

% DIFF.

VALUE (pound )

FTSE/CySE 20

181,910

-0,220

471.419,650

MAIN MARKET INDEX

240,710

-0,710

318.896,390

INVESTMENT COMPANIES MARKET INDEX

2.588,430

-0,370

13.850,480

CSE GENERAL INDEX

309,610

-0,230

471.460,890

HOTELS INDEX

1.930,950

-0,170

420,000

ALTERNATIVE MARKET INDEX

2.120,540

1,340

152.984,500

* The second column presents the percentage variation of the indices as compared to the last meeting.

GoldBod Plans $800m FX Market Injection

The Ghana Gold Board (GoldBod) has announced plans to make US$800 million available to commercial banks in November to support stability in the foreign exchange market.

The move forms part of the board’s projected foreign exchange generation of US$1.2 billion from its artisanal and small-scale mining (ASM) gold trade operations during the month.

In a statement issued on November 2, 2026, the GoldBod said the foreign exchange sales would be conducted through its GoFX platform in accordance with the approved Foreign Exchange Sales and Intermediation Framework.

According to the board, the framework is intended to ensure transparency, fairness and regulatory compliance in the sale of foreign exchange to authorised commercial banks.

The planned supply follows GoldBod’s generation of US$1.011 billion from its ASM gold trade operations in October, the full amount of which was sold to authorised commercial banks through the GoFX platform.

The board said the transactions formed part of its statutory mandate under Section 2(b) of Act 1140 to generate foreign exchange for the country.

GoldBod also reaffirmed its commitment to supporting the accumulation of Ghana’s foreign reserves by the Bank of Ghana under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).

It said the planned US$800 million supply will provide foreign exchange to participating commercial banks.

GoldBod indicated that it would continue to carry out its foreign exchange operations in line with its mandate and the approved framework governing the transactions.

DepEd to deploy 172,654 MacBook Neo laptops with first-ever 5-year warranty, GuroXL training

Following a competitive bidding process under its computerization program, the Department of Education (DepEd) procured 172,654 Apple MacBook Neo laptops for public school teachers and administrative staff nationwide.

Under the DepEd Computerization Program, the Department has so far awarded contracts for 231,725 laptops for teachers nationwide, comprising 169,008 MacBook Neo units and 62,717 Windows-based units. The procurement also includes 3,646 MacBook Neo laptops for administrative officers.

Deployment of all 172,654 MacBook Neo units is scheduled from November 2026 through March 2027.

DepEd said that they were able to secured the MacBook Neo package ‘at a discounted price,’ at approximately P43,000 per unit, about P6,900 below the base model’s Philippine suggested retail price of P49,900.

The procurement also includes a five-year warranty, a first for DepEd’s laptop procurement, compared with the standard one-year retail warranty, giving the government longer coverage at a lower purchase price. The package includes built-in productivity tools, delivery and logistics, and professional development for recipients.

‘For the longest time, our teachers have carried the heavy personal burden of buying their own laptops or maintaining outdated equipment just to keep up with lesson plans. Under the vision of President Marcos, we are changing the narrative,’ said Education Secretary Juan Edgardo ‘Sonny’ Angara, who emphasized that providing high-end, reliable technology directly addresses long-standing systemic burdens while honoring the daily dedication of Filipino educators.

He said: ‘We welcome Apple’s participation in this procurement to bring MacBook Neo to our teachers. It isn’t just about handing out world-class hardware with five-year warranties; it’s about giving our educators the best tools, backed by robust training so they can focus on what matters most: teaching our children.’

During Apple’s Financial Results Conference Call for 4th Quarter 2026 on Tuesday morning (Manila time), Apple Chief Executive Officer John Ternus highlighted the deal with DepEd, calling it Apple’s biggest education deal ever for Mac.

‘I’m feeling great about the opportunities ahead for Apple, from our product roadmap and broad range of services to promising areas like health, emerging markets, enterprise, and education…As one example, we recently secured our biggest education deal ever for Mac, with the Department of Education in the Philippines. They’re going to deploy 170,000 MacBook Neos to teachers and staff,’ said Ternus.

To seamlessly integrate technology into daily classroom teaching, DepEd is collaborating with Apple to launch GuroXL, a co-designed comprehensive training framework. In coordination with the National Educators Academy of the Philippines (NEAP), the training pathway will guide educators toward Apple Teacher Certifications and specialized tech leadership credentials.

DepEd and Apple are slated to roll out a series of cluster and mega-cluster launches across Luzon, Visayas, and Mindanao, starting this November. These distributions will feature interactive teacher unboxing sessions to celebrate a transformative moment for Philippine basic education.

Six priorities set for Tanzania’s industrial transformation

Dodoma. Tanzania has identified six priority areas under a five-year industrial development programme with the United Nations Industrial Development Organisation (Unido), which is expected to mobilise nearly $7 million to strengthen manufacturing, attract investment and create jobs.

The Programme for Country Partnership (PCP) 2026-2031 will focus on industrial policy and governance, value addition, skills development, investment and exports, cleaner production, and energy access and efficiency.

Deputy Minister for Industry and Trade Dennis Londo launched the programme on Tuesday, November 3, 2026, saying it would address structural challenges facing the industrial sector and support the country’s Development Vision 2050 ambitions.

Mr Londo said Tanzania needed to move beyond exporting raw materials and concentrate on processing its natural resources into finished products to generate greater economic value.

‘No country has achieved development by producing large quantities of raw materials and exporting them as they are. Countries that have succeeded have transformed their resources into finished products,’ he said.

The programme is expected to mobilise nearly $7 million over five years through government contributions, development partners, climate financing and private sector investment.

Mr Londo described the PCP as a government-led partnership bringing together public institutions, manufacturers, entrepreneurs, technical experts and development partners rather than a stand-alone Unido project.

It will cover Mainland Tanzania and Zanzibar, taking into account their respective industrial priorities and investment opportunities.

The six priorities include strengthening industrial policies and institutions; developing sustainable value chains by linking agricultural, livestock, forestry, mining and marine producers with processing industries; and addressing shortages of technical and professional skills.

Others are promoting investment and exports to expand production and competitiveness, encouraging cleaner manufacturing and circular economy practices, and improving access to reliable energy and its efficient use to reduce production costs.

Unidoi representative Lorence Ansermet said industrial transformation required more than infrastructure investment, stressing the importance of partnerships, financing and policy reforms.

‘The real success of the PCP will depend on the partnerships built, the investments we mobilise, the reforms we support and, most importantly, the tangible results we deliver,’ she said.

Ms Ansermet said the programme would also promote skills development among young people and women, particularly competencies needed in modern industries and emerging technologies.

Mr Londo said the private sector would be central to achieving Tanzania’s industrial ambitions, noting that businesses were expected to contribute about 70 percent of the resources needed to implement Development Vision 2050.

He said the government was also expanding opportunities for small and medium-sized enterprises, particularly those outside major urban centres.

Under the 2026/27 financial arrangements, an additional five percent of local government authorities’ own-source revenue has been allocated to productive infrastructure, including production facilities, equipment, skills training and markets.

The ministry will work with the President’s Office-Regional Administration and Local Government (PO-RALG) and the Small Industries Development Organisation (Sido) to implement the initiative.

Mr Londo said stronger links between large industries and smaller businesses would enable local enterprises to supply manufacturers, create jobs and spread the benefits of industrial investment.

He also cited the Mchuchuma coal, Liganga iron ore and Engaruka soda ash projects as potential sources of raw materials for steel, machinery, agricultural equipment, construction materials, chemicals and glass industries.

Zanzibar’s representative, Mr Yahaya Haji, said the partnership would strengthen industrial cooperation and investment across the Union.

He urged producers to improve capacity and competitiveness to benefit from opportunities under the African Continental Free Trade Area.

Permanent Secretary in the Ministry of Industry and Trade, Ambassador Waziri Salum, said conference recommendations would be translated into an implementation plan specifying responsible institutions, timelines and performance indicators.

He said the PCP would complement Tanzania’s Sustainable Industrial Development Policy 2025, Zanzibar’s Industrial Policy 2019 and the development visions of both sides of the Union.

Iran: Nuclear dispute ‘biggest lie of century’

Iranian Foreign Ministry spokesperson Esmail Baghaei accused the United States of using the dispute over Iran’s nuclear program to pressure Tehran, describing it as “the biggest and most costly lie of the century.”

In his remarks at an event focused on relations with the United States, Baghaei insisted that the nuclear dispute became the reason for imposing some of the most severe restrictions on Iran. “Not even a single piece of evidence has been presented showing a deviation from the peaceful path,” he noted.

Furthermore, the official stressed that the US lacks “genuine seriousness about diplomacy.” Washington “sees diplomacy merely as a tool to impose and dictate its will, even on its closest partners,” he pointed out.

Azerbaijan bans entry to 14 Iranian nationals over alleged incitement and hostile statements

Azerbaijan has reportedly declared 14 Iranian citizens persona non grata and banned them from entering the country over statements and public appeals allegedly directed against Azerbaijan’s sovereignty, security and constitutional order.

According to information obtained by local media outlet APA, the decision follows an increase in what the report describes as hostile rhetoric, insulting statements and unlawful calls targeting the Azerbaijani state, its people and leadership by Iranian public figures and media representatives.

The individuals reportedly include members and former members of Iran’s parliament, religious figures, political analysts, academics and media representatives.

The report alleges that some of those concerned have made statements challenging Azerbaijan’s sovereignty, criticised its system of governance and state-religion relations, encouraged religious radicalism and hostility, or called for the forcible removal of the country’s leadership.

According to APA, the following 14 Iranian nationals have been declared persona non grata:

Ehsan Movahhediyan – Political analyst, expert and lecturer at Tehran’s Allameh Tabataba’i University.

Ahmad Farshbafian – Former head of the Centre for Caucasus and Anatolian Studies at the University of Tabriz.

Kamran Ghazanfari – Member of Iran’s Islamic Consultative Assembly.

Alireza Beighi – Former memberof Iran’s Islamic Consultative Assembly and political commentator.

Abolfazl Zohravand – Member of Iran’s Islamic Consultative Assembly.

Abbas Mogtedayi Khorasgani – Member of Iran’s Islamic Consultative Assembly.

Alireza Salimi – Member of Iran’s Islamic Consultative Assembly.

Huseyn Shariatmadari – Editor-in-chief of Iran’s Kayhan newspaper.

Ayatollah Mohsen Araki – Member of Iran’s Assembly of Experts and Consultative Council.

Ayatollah Muhammad Javad Fazil Lankarani – Religious scholar, member of the Society of Authors and Teachers of the Qom Seminary and head of the Imam-e-Athar Fiqh Centre in Qom.

Abdul Hossein Khosrov Panah – Secretary of Iran’s Supreme Council of the Cultural Revolution.

Hujjat-ul-Islam Gholamreza Kawashi – Head of public relations at the office of the Friday prayer imam of Tabriz and the office of the Iranian Supreme Leader’s representative in East Azerbaijan Province.

Dariush Safranjejad – Professor and political analyst.

Ahmadreza Mousavi – Actor and television presenter.

The reported restrictions prohibit the individuals from entering Azerbaijani territory.