Business

COVID-19 NEWS: BONNY LIGHT TSUNAMI LOADING

Posted by on 9:39 pm in Blog, Business, Featured, Leadership, lifestyle, Markets | 0 comments

By Patrick O. Okigbo III If you are a state governor in Nigeria and you are not already working round the clock, night and day, you are playing with fire.  Red-hot, napalm FIRE! Here is your reality.  Bonny Light (Nigeria’s crude oil) is trading at about $11. This is half the cost of producing the barrel. Even at that price, Nigeria is not able to sell her crude oil.  She has tens of millions of barrels of crude oil in scores of vessels cruising the seas, like a gala seller in Lagos traffic, looking for...

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How to make sense of the coronavirus chaos

Posted by on 9:43 pm in Business, Featured, Leadership | 0 comments

By Esosa Aihie We are beset on all sides, hourly, daily by COVID-19 data, hypotheses, speculation, & conspiracy theories. We live in a world in which news, often pops up on social media without any useful context or consideration, which we have to provide context. Learning how to do that is becoming one of the most crucial skills we need to make sense of what we read.  A good way to make sense is to distinguish between three categories of information: A) what we know is true, B) what we think is true, inferences drawn from strong...

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Impact of COVID-19 on the Air Industry

Posted by on 5:43 pm in Business, Featured | 0 comments

By Esosa Aihie The International Air Transport Association has warned that revenue from flying passengers could drop by nearly a third of a trillion dollars this year & that 25 million jobs are at risk.  Aircraft need plenty of work & attention while in storage. Prolonged storage has an impact on airworthiness. As a result, airlines scramble for proper storage facilities across the🌍  Challenges include: the fading of parked planes brakes within 24 hours; need for 10-12 wheel choke to keep them in position; maintenance of...

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COVID-19 – Calls for Greater Resilience in Africa

Posted by on 5:52 pm in Business, Featured, Leadership | 0 comments

By Esosa Aihie Africa may need an emergency economic stimulus of $100 billion—including an estimated $44 billion waiver for interest payments in 2020. In 2020, the pandemic could cost between $37 billion & $79 billion in output losses, while impact on household welfare is expected to reach 7%.  Likely to create severe food security crisis & a contraction of between 2.6% & 7%. Decline in food imports (as much as 25% or as little as 13%) as a result of higher transaction costs & reduced domestic demand. Health risks due to...

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Watch out Hollywood for Instagram Sensations Ikorodu Bois – Muiz Sanni (15), Malik Sanni (10) & Fawas Aina (13)

Posted by on 9:45 pm in Arts&Culture, Business, Entertainment, Featured, lifestyle | 0 comments

Watch out Hollywood for Instagram Sensations Ikorodu Bois – Muiz Sanni (15), Malik Sanni (10) & Fawas Aina (13)

By Esosa Aihie Watch out Hollywood for Instagram Sensations Ikorodu Bois – Muiz Sanni (15), Malik Sanni (10) & Fawas Aina (13) The Ikorodu Bois — brothers Muiz Sanni, 15, Malik Sanni, 10, and their 13-year-old cousin Fawas Aina have become Instagram sensations by using everyday household items to recreate multimillion-dollar music videos and Hollywood movie trailers, shot by shot. Muiz and Malik’s big brother, 23-year-old Babatunde Sanni, edits the videos and manages the trio. He is responsible for turning something that...

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