Apple’s CEO, Tim Cook has revealed the company has been buying companies every three to four weeks in the last six years. Apple recently delivered its largest quarter by revenue of all time, bringing in $111.4bn (£78.7bn) in the first quarter of its 2021 fiscal year. Mr Cook told the shareholders meeting that the company […]Read More
President Joe Biden has declared a federal emergency as Ice storms, heavy snow and freezing rain knocks out power, closes roads and in southern Texas. Over two million people were left without power supply and 1000 flights cancelled as temperature plummets to -5C in in Houston and Dallas. Rolling power outages were also brought in […]Read More
Oil giant Shell has said it wants to invest more in renewable energy in an attempt to reduce the net amount of carbon dioxide that ends up in the atmosphere and ultimately coping with the drop in oil prices. Last week, Shell reported a net loss of $21.7bn (£16bn) last year after a drop in demand […]Read More
According to sources, between 2015 to 2018, the demand for lithium carbonate a key ingredient in manufacturing rechargeable batteries tripled. Despite the uncertainties of the previous year, there is a potential or existing demand for tech products like electric vehicles (EVs), smartphones which would cause a more balanced lithium market expected in 2021. Experts claim that […]Read More
Chief Executive, Thierry Bolloré has revealed the company will launch electric models of its entire Jaguar and Land Rover line-up by 2030. The firm said it has dropped its earlier plans to build an electric version of its XJ saloon at the Castle Bromwich plant but it would keep all three of its British plants […]Read More
Dr Ngozi Okonjo-Iweala has made history as the first African and woman to lead the World Trade Organization. The World Trade Organization announced the appointment of Ngozi Okonjo-Iweala as its new director-general today – making her the first woman and first African to hold the role. Recall that South Korea’s trade minister, Yoo Myung-hee abandoned […]Read More
The Nigerian Electricity Regulatory Commission has announced that 62.63 percent of electric customers in Nigeria were under the estimated billing package as of September 2020. The Commission disclosed this in its 2019 to the third quarter, 2020 Nigerian Electricity Supply Industry (NESI) Key Financial and Operational Data. NERC said that metering for customers has been […]Read More
Chancellor of the Exchequer, Rishi Sunak has announced that small firms would get more time to repay state-backed loans taken out to help survive the coronavirus lockdown. The changes include giving companies an option to extend the length of the loan from six to ten years under a “pay-as-you-grow” initiative. Sunak said the move was […]Read More
The World Bank has said that 43 percent of Nigeria’s population do not have access to electricity, making it the largest energy access deficit country globally. The bank noted that the lack of power is a constraint for citizens and their businesses, adding Nigeria’s economic cost of power shortages is estimated at $26.2 billion. This […]Read More
The Nigerian National Petroleum Corporation spent the total sum of N49.68 billion to repair and manage pipelines from January to October 2020. In its latest monthly report, NNPC published that a total of 363 vandalised points were recorded from January to October 2020. The corporation said it spent N5.48bn on pipeline repairs and management cost […]Read More
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