Oil Tumbles on Renewed Lockdown in China

By Adedapo Adesanya The prices of oil benchmarks jumped by 2 per cent on Tuesday on the fresh possibility that the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) will extend or deepen supply cuts. Data showed that Brent crude futures gained $1.70 or 2.1 per cent to close at $81.68 a barrel and the US West Texas Intermediate (WTI) crude increased by $1.55 or 2.1 per cent to $76.41 per barrel after a drop in Kazakh oil output and a weaker US Dollar. OPEC+ is due to hold an online ministerial meeting on Thursday to discuss 2024

Welcome to the fascinating world of cryptocurrency wallets, where technology is always developing and innovating. Blockchain technology and cryptocurrencies have revolutionized how we see and utilize money over the last ten years. Cryptocurrency wallets have been crucial in this transition, giving consumers the means to safely access, control, and use their digital assets. Let’s explore the exciting developments and trends that are predicted to completely alter the landscape of crypto wallets as we look to the future. Key Takeaways The environment of cryptocurrency wallets is changing quickly as a result of new trends and technologies. Future crypto wallets will prioritize

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigeria Autonomous Foreign Exchange Market (NAFEM) and the unregulated Peer-to-Peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, November 29 as President Bola Tinubu reiterated his administration’s promise to meet its obligations. Speaking during the presentation of his administration’s N27.50 trillion 2024 budget proposal to the joint session of the 10th National Assembly on Wednesday, Mr Tinubu said, “Despite the challenges, we continue to meet our obligations.” In the official NAFEM segment of the market, the value of the local currency went

By Adedapo Adesanya A hybrid solar power solutions provider, Daystar Power, has signed an agreement with Nigerian Breweries to install and operate a 4.2MWp solar plant and 2MWh battery storage system that will help the firm reduce its high energy costs. The installation will be one of the largest solar and battery storage projects for an industrial manufacturer in Nigeria. The hybrid solar solution will generate 5,249 MWh of electricity – 42 per cent of its daytime power consumption – every year at Nigerian Breweries’ Lagos brewery. According to a statement, the integration of solar into the factory’s energy mix

By Modupe Gbadeyanka A training programme to make students understand the modern farming techniques has been organised by the Lagos State government. The initiative is to encourage those who would like to pursue a career in agriculture under the state’s Schools Agricultural Programme (SAP). According to the state government, the ultimate goal of the programme is to provide food security and an enabling environment for the people to have physical and economic access to sufficient, safe and hygienic food in order to maintain a healthy life, stressing that the agricultural sector requires more recruits, especially the youths. The acting Commissioner

By Dipo Olowookere Leading American company, 21st Century Fox, has confirmed reaching an agreement in principle with Sky Plc in relation to a possible offer to acquire all of the outstanding shares in the company. It however said certain material offer terms remain under discussion and the Possible Offer may or may not lead to an offer being made by 21st Century Fox. The Independent Directors of Sky have indicated to 21st Century Fox that they are willing to recommend the Possible Offer, subject to reaching agreement on the other terms and conditions of any offer. In the past several

By Adedapo Adesanya The Nigerian Communications Commission (NCC) has said it is closer towards its goal to regulate electronic waste (e-waste), saying this will be possible once it concludes consultations with relevant stakeholders on the draft regulation. The agency noted that it was mindful of the fact that many Information and Communication Technology (ICT) and telecom devices have substantial plastic components, whose waste materials could worsen plastic pollution. The Executive Vice Chairman of the NCC, Mr Umar Danbatta, made these remarks while addressing a world press conference organised by the commission in commemoration of the 2021 World Consumer Rights Day

By Dipo Olowookere Kaspersky Lab has announced the global availability of Kaspersky Industrial CyberSecurity for Energy, a vertical advanced package for energy enterprises, based on Kaspersky Lab’s suite for protection of industrial infrastructure. Modern electrical power grids are complex networks, with integrated automation and control functions. However, because they communicate through open protocols, they do not have sufficient built-in cybersecurity functions to combat the increasingly sophisticated range of security threats they face. Kaspersky Lab’s recent report on industrial cybersecurity found that 92 percent of externally available industrial control system (ICS) devices use open and insecure Internet connection protocols. Since 2010,

By Adedapo Adesanya Top consumer platform, Quickteller, has opened its platform for the sales of Joint Admission and Matriculation Board (JAMB) electronic personal identification numbers (e-Pins), which allows for easy purchase of the examination forms. This means candidates intending to sit for the 2020 Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE) examinations can now obtain the required JAMB e-PIN from the comfort of their homes via the Quickteller payment platform. According to Mr Olawale Akanbi, Group Head, Quickteller Marketing, “Quickteller is committed to ensuring that payment is one less thing to worry about for our customers. One of

By Okechukwu Ukpabi The more things change, the more they stay the same, the French writer, Jean-Baptiste Alphonse Karr, wrote in 1849. It is, therefore, not surprising that nine years after he was fuming in the mouth in political fits, he will resort to the same crass tactics of name-calling, absolute falsehood, and dubious claims to be noticed in 2023, barely two months of he and his ilk falling from power. Like the typical bird, chichidodo, in Ayi Kwei Armah’s novel, The Beautiful Ones Are Not Yet Born, that screams its lungs out in protestation of shit, yet feasts on

By Olumide Bolumole Nigeria, a country with an adult population of 106 million, offers a vast market for financial services. Despite this, it faces the expectation of a 16.8% shortfall in meeting its financial inclusion target. Financial literacy is critical to the growth of capital markets and the Nigerian Exchange Limited (“NGX”) prioritises its commitment to bridging the financial inclusion gap in Nigeria. As a member of the Financial Inclusion Steering Committee of the Central Bank of Nigeria (CBN), and the Financial Inclusion Technical Committee of the Securities and Exchanges Commission (SEC), we continue to contribute towards the achievement of

It is no secret that a high-quality, classy leather jacket is one of the most crucial wardrobe staples for both men and women. And, this is the reason why buying a good leather jacket is considered to be a long-term investment. Besides this, a high-quality leather jacket is not only long-lasting but serves as the perfect clothing item for different types of events, may it be a professional meeting or a late-night party. However, with so many options available in the market, getting your hands on the perfect leather jacket can be a tricky feat, especially if you’re buying it