Skip to main content

World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...
6 comments

Nigeria Ranks The Second Worst Country In Electricity Supply In 2017 .

The country’s energy situation is so bad that it was only better than Yemen, a war-torn country, in 2017.

Fashola during visitation to the Mainland Independent Power Project, Lagos (Techpoint)

Nigeria has been ranked the second worst country in power/electricity supply in 2017. This is as the country was only able to supply a daily average of 3,851 megawatts (MW) to its 180 million population.

According to a report by the Spectator Index, the electricity supply in 137 countries were examined and Yemen ranked the worst nation. Nigeria, Haiti, Lebanon and Malawi followed the war-torn middle east country to make a list of top 5 countries with worst electricity supply in the year under review.

Other African economies that ranked high on the list are Ethiopia 37 position, South Africa 41st and Algeria 45th.
Other report validating the ranking

Advisory Power Team (APT) also reported that the total electricity distributed by Transmission Company of Nigeria (TCN) as at January 14, 2018, stood at 3, 851.06mw. A report which confirms the assessment of the rating company.

“On January 14, 2018, average power sent out was 3,851MWh/hour (down by 169MWh/h from the previous day). 1437.9MW was not generated due to unavailability of gas," said the APT report.

“0MW was not generated due to unavailability of line infrastructure, while 680.5MW was not generated due to high frequency resulting from the unavailability of distribution infrastructure. 290MW was not generated due to unavailability of water.”

Meanwhile, the Advisory Power Team report showed that the current capacity of Nigeria’s national grid is 4, 000 MW.

2 Likes

Comments

Post a Comment

Popular posts from this blog

How to Migrate from Bootstrap Version 3 to Advance Bootstrap 4.

This article would illustrate and expatiate on how to  migrate from Bootstrap 3 to Bootstrap 4 ? You’re in luck; today we’ll walk through the changes and new features between versions. The changes you need to make are generally just class renames and some set-up. To save you a lot of time scouring the changelog, I have compiled a list of the things you need to know when migrating from Bootstrap 3 to Bootstrap 4. We will start by discussing the changes made in Bootstrap 4 framework and how it will affect your website performance. Then we will examine the new way of  installing bootstrap and how the grid measurement unit  has change and how  flexbox can help on responsive designs . We will also discuss changes to some of the components and take a look what happens to JavaScript on the new version. Finally, we’ll take a look at some of the new components including cards, tooltips and flexbox. If you are getting ready to migrate a site from the old Bootst...
Post a Comment
Read more

World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...
6 comments
Read more

BlackBerry: The Most Important Mobile Company of the Future?.

If you are like many, when you saw this headline you likely were surprised BlackBerry was still around. As BlackBerry phones left the market, the company fell out of sight. However, behind the scenes it has been moving into industries like automotive. Also, it remains the leading vendor providing mobile security to our politicians, military personnel and major corporations. As we move into an era when our smartphones become our key to everything, and when the machines around us are highly connected, mobile, and increasingly have our lives in their hands, the security of these things has become a critical weakness. Looking at autonomous cars alone, if a hostile agency were able to gain control over a critical mass of them, the potential for loss of life on a national scale could make any other man-made or natural disaster look trivial by comparison. I spent the last several days at a BlackBerry analyst event in New York, and I think the company is more important than Apple is to...
Post a Comment
Read more