Oil Prices Fall As OPEC+ Struggles For Consensus

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Oil Prices Fall As OPEC+ Struggles For Consensus

Friday, July 2nd, 2021 – The OPEC+ meeting resulted in some unexpected 11th-hour drama, delaying a decision that was expected on Thursday. Oil prices slipped on the news.

But the outcome could still be a bullish one. The size of the proposed production increase was lower than most analysts had expected, coming in at an average monthly addition of 400,000 bpd, whereas expectations had been for 500,000 bpd. But there is also a possibility that OPEC+ might not add any barrels to production. The group meets again on Friday.

UAE delays decision. The UAE delayed a deal as it demanded a higher production quota. “Negotiations today will be difficult as OPEC+ knows that if the UAE is allowed to produce from a different base, other members may protest,” Rystad Energy said in a note.

oil producer oil prices Energy Stocks Soar And Oil Prices Climb

India’s demand back to 90%. India’s gasoline consumption has rebounded to 90% of pre-virus levels as motorists took back to the roads with Covid-19 curbs being eased

ExxonMobil caught on tape. An ExxonMobil (NYSE: XOM) lobbyist was caught on tape suggesting that its support for a carbon tax was a ploy to head off more restrictive measures. He also acknowledged that the company supported front groups to muddy the public perception on climate change. On Friday, CEO Darren Woods wrote in a post disavowing the comments and reiterating support for certain climate measures.

Americans face higher gas prices. Heading into the holiday weekend, American motorists face the highest average gasoline prices in seven years.

Shadow lenders take over U.S. shale patch. Banks have started to cut their exposure to the U.S. shale patch. While traditional lenders are cutting their losses and de-risking energy loan portfolios, alternative capital providers are stepping up to scoop up U.S. energy debt at a discount and take part in debt or equity transactions that could give them returns sooner than a loan would for a bank.

Canada to phaseout ICE vehicles by 2035. Canada announced new regulations that would effectively ban the sale of gasoline and diesel vehicles by 2035.

Chevron and partners to invest $4.5 billion in Australian gas. Chevron (NYSE: CVX), Royal Dutch Shell (NYSE: RDS.A), and ExxonMobil (NYSE: XOM) will invest another $4.5 billion in Gorgon LNG to keep the supply of gas going.

Canadian oil sands expected to grow. The 590,000 b/d Trans Mountain Pipeline expansion and the 370,000 b/d Line 3 expansion by Enbridge (NYSE: ENB) opens up room for the increase in Canadian oil sands production, according to IHS Markit. The 10-year forecast still calls for 3.6 million b/d, up 22% from the fully restored, post-Covid-19 pace of 2.95 million b/d.

Gas producers want higher prices for “green gas.” U.S. natural gas drillers are trying to market “green gas” or “responsibly produced” gas for a markup of around 5%, but so far there are few takers.

EPA underestimating methane leaks. The Environmental Protection Agency (EPA) has underestimated methane emissions caused by oil and gas production by as much as 76 percent, according to a new study.

Utilities need $500 billion to make the grid resilient. The heat dome led to blackouts in the Pacific Northwest, in a preview of what is to come with rising temperatures. One study says that U.S. utilities need to invest $500 billion to upgrade the electric grid and harden it for a warming world.

$3.2 trillion needed for renewables. IRENA, based in Abu Dhabi, says that private lenders and capital markets will need a fourfold increase in funding for renewables to as much as $3.2 trillion this decade.

EV sales on the rise in Europe. Roughly 11% of cars sold in Europe were an EV or hybrid in 2020, a sharp increase from 3.5% in 2019.

Freeport LNG is optimistic on FID. Freeport LNG could sign sufficient long-term contracts by the end of the year to sanction a proposed fourth liquefaction train at its Texas export facility, according to S&P Global Platts.

Chevron considers the sale of some Permian assets. Chevron (NYSE: CVX) is considering a sale of two collections of Permian assets for as much as $1 billion.

Shell, EDF and Ørsted win offshore wind in NJ. NJ awarded approvals for 2.6 GW of offshore wind this week, handing out permits to Shell New Energies US and EDF Renewables North America, as well as Ørsted.

Shell plans to exit the California venture with Exxon. Royal Dutch Shell (NYSE: RDS.A) plans to exit its California-based oil and gas joint venture with ExxonMobil (NYSE: XOM). The unit produces 125,000 bpd.

Global gas prices soar. Global prices for natural gas are at multi-year highs, with high temperatures driving up demand for power generation in the northern hemisphere for air conditioning and as traders in some regions replenish stocks ahead of winter. European gas markers TTF hit multi-year highs, as well as the important JKM marker in Asia, which jumped above $13/MMBtu.

Shortage of EV metals. Reuters does a deep dive into the long-term trajectory of metals markets as the EV boom accelerates.

Peru’s oil industry bouncing back. The growing likelihood of the socialist candidate winning has sent a shudder through Peru’s political establishment, the business community as well as mining and oil industries. There are signs, however, despite the political turmoil Peru’s petroleum industry is recovering.

Transcorp Energy Plans First Nuclear Power Plants in Nigeria

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Transcorp Energy Plans First Nuclear Power Plants in Nigeria

Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, has presented an alternative energy solution (nuclear power plants) to Nigeria as part of its integrated energy strategy.

Unveiling the Company’s alternative energy plan at a meeting with the Honourable Minister of Science & Technology, Dr. Ogbonnaya Onu, Mr. Peter Ikenga, the Head of Transcorp’s Energy business said it will unlock greater value in the power sector.

Speaking at the event, Mr Ikenga stated that Transcorp Energy was seeking to collaborate with the Federal Government, through the Federal Ministry of Science and Technology, to develop nuclear power plants as alternative energy sources for power generation in Nigeria using the OPEN100 model.

Transcorp Makes New Board Appointments, Announces New Subsidiary CEO-Brand Spur Nigeria
Transcorp Building: Photo Source Twitter

Mr. Ikenga in his remarks said,

“This project is transformative and a first in Nigeria and would radically change the way nuclear power plants are deployed, offering a substantially less expensive and less complicated solution. It will further provide the country with a reliable and sustainable energy source, devoid of some of the challenges hampering stable and reliable power generation in Nigeria.”

The Honourable Minister of Science and Technology Dr. Ogbonaya Onu, while welcoming the Transcorp team, reiterated the commitment of the government to promote the application of science, technology and innovation within Nigeria, in line with Executive Order No. 5 of the Federal Government.

“We are delighted to see this innovation and appreciate Transcorp for leading the charge in the industry with this initiative. The approach by Transcorp to use small scale nuclear plants is catalytic for achieving the national goals on Science and Technology”, he stated.

The Minister further affirmed the commitment of the Federal Government, particularly the Ministry of Science and Technology to support Transcorp in the laudable venture and directed that a joint committee comprised of Transcorp, and all the relevant stakeholders be set up immediately to jointly manage the execution of the project.

The OPEN100 is the world’s first open-source blueprint for nuclear power plant deployment for a small, standard, pressurized water reactor that will accelerate deployment of the modular nuclear plants for power generation.

Transcorp Energy Ltd, a subsidiary of Transnational Corporation of Nigeria Plc. is a leading energy company, engaged in upstream petroleum development and spearheading innovation in alternate energy sources. Transcorp Energy Ltd. is the operator of OPL 281 asset located in the Niger Delta.

See Week 13 2021 UK Football Pool Fixtures, EKO, LKO

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See Week 13 2021 UK Football Pool Fixtures, EKO, LKO

Brand Spur Nigeria brings to you the United Kingdom week 13 AUSSIE, (UK) pool fixtures, EKO, LKO, and panel games scheduled to be played across all divisions on Saturday, 2nd of October.

Week 13 2021 Coupon Pool Information

LKO: 

EKO: 

Panel:

Friday matches:

Saturday matches:

Sunday matches: 

Monday matches: 

Void:

Full Time (FT): 

So, check week 13 UK pool fixtures out as seen below:

It’s the vital week 13 UK 2021 football coupon pool information to enable to forecast for your sure draws, results:

No. Advance Coupon Games Result Status
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Kindly check back for fresh updates

Eat’N’Go Hits 150th Milestone Store Opening With 9 New Outlets In Nigeria

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Eat’N’Go Hits 150th Milestone Store Opening With 9 New Outlets In Nigeria

Eat’N’Go limited, the leading Quick Service Restaurant operator in Nigeria and Master Franchisee for world-class food brands – Domino’s Pizza, Cold Stone Creamery, and Pinkberry Gourmet Frozen Yoghurt has announced the Milestone of its 150th store opening, with the recent openings In Nigeria.

Brand Spur Nigeria understands that Eat’N’Go marked its 150th milestone with the opening of nine (9) Domino’s Pizza and Cold Stone Creamery stores in various locations in Nigeria.

The new locations for Domino’s Pizza and Cold Stone Creamery combined stores at Nyanya Abuja, Challenge Ibadan, Choba in Port Harcourt, and Cold Stone added stores in Admiralty Lekki, Jakande Lekki and Aromire Ikeja, brings total Eat’N’Go stores in Africa to 156 stores. These new store openings demonstrate the group’s expansion plans for Africa, targeting 180 stores by the end of 2021.

Eat’N’Go Hits 150th Milestone Store Opening With 9 New Outlets In Nigeria-Brand Spur Nigeria
Eat’N’Go Hits 150th Milestone Store Opening With 9 New Outlets In Nigeria-Brand Spur Nigeria

Speaking on the recent Eat’N’Go milestone, Ilyas Kazeem, Marketing Director at Eat’N’Go, remarked on the Milestone, saying,” We are incredibly excited to have reached this Milestone of opening 150+ stores. It means our valued customers now have more of our brands’ locations to enjoy their favourite meals and treats, as well as exciting new products that will constantly excite their tastebuds and keep them yearning for more.”

In the same vein, Patrick McMichael, the Chief Executive Officer and Group Managing Director at Eat’N’Go, also commented on this Milestone, saying, “We are delighted to mark the Opening of our 150th store on the continent.

“The Eat’N’Go team has a shared vision of delivering premium food offerings alongside quality customer service in all our communities. With every store opening, our team has an opportunity to create jobs, impart necessary job training to the employees, and drive a positive impact in our communities through our different CSR initiatives. By the end of 2021, it is our vision to open 180+ new stores across Africa.

“We will continue to bring satisfying, delectable yet affordable food offerings to every market in which we open stores,” said Mr McMichael.”

About Eat’N’Go

Eat’N’Go launched in Nigeria in 2012 as the master franchisee of Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt.

Since then, the brand has extended its footprint to many cities in Nigeria and Kenya. With over 3000 employees, Eat’N’Go is fast becoming one of the fastest-growing franchising companies in Africa.

HP Unveils New Monitors Designed For Work, School And Play

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HP Unveils New Monitors Designed For Work, School And Play

With more businesses and organizations announcing strategies for hybrid work environments and students continuing to look at hybrid learning for the autumn, HP announced new commercial and consumer displays – the HP E24mv G4 Conferencing Monitor and the HP M27fd USB-C Monitor, both designed to address hybrid work and flexible learning environments.

“The way we work, learn, and play has forever changed. Displays have become centerpieces for business workers and lifelong learners as they navigate their work and school days in hybrid environments,” said Joanne Bugos, global head of Personal Systems Displays Solutions, HP Inc. “Whether you want to collaborate or be productive on any device, HP has the perfect display to fit your life.”

With more than 70% of people judging others based on audio and video quality, it’s no surprise that 50% of people want their conferencing equipment to make them look like themselves and help them sound more confident. People want to make personal connections, and technology that helps bridge the physical distance between team members and coworkers is critical.

The HP E24mv G4 FHD Conferencing Monitor is the world’s first Zoom certified monitor so users can expect a superb conferencing experience with technologies designed to work seamlessly with Zoom.

“We are excited to introduce the first Zoom Certified collaboration display for the personal workplace – the HP E24mv Conferencing Monitor,” said Eric Yu, Head of Hardware Partnership, Zoom. “This is the first certification of its kind, involving extensive testing. Zoom is committed to providing video communications that empower people to accomplish more.”

The E24mv Conferencing Monitor is perfect for home and office workers who want to feel confident going into every video conference. Users can present their best self with a 5MP camera for high quality video chatting and the independent tilt option on the camera provides better facial focus while improved sensors pick up more colour and light, making it the world’s most advanced webcam in a conferencing monitor. The built-in speakers and dual microphones deliver and pick up rich, life-like sound so users never miss a word, and the HP Eye Ease always-on blue light technology and four-way ergonomics provide comfort throughout long workdays.

With 33% of students using Chromebooks for school and 37% of students wishing they had an external monitor to use, both students and individuals working from home want a reliable set up that allows parents and kids to work, learn and play from home. And with kids learning and parents working on Chromebooks and other devices, there is a need for a monitor that can easily work with both environments.

The HP M27fd USB-C Monitor is the company’s first Works With Chromebook certified monitor that connects to a Chromebook out of the box, with no additional setup or troubleshooting required. The Works With Chromebook certification signifies the product has been tested by Google to meet specific connectivity, input, and power requirements so users have a seamless and compliant pairing experience.

Built to work on Chrome OS for full-functionality of Google suite, this monitor also works with any USB-C capable laptop to connect and power the PC in one simple, single cord set up. This monitor also has HP Eye Ease with Eyesafe® certified technology that reduces blue light without impacting the colours shown.

It is sustainably made containing recycled materials and ocean bound plastics, and packaged in 100% recyclable packing. When paired with other Works With Chromebook-certified accessories like the HP Wireless Mouse 220, the M27fd USB-C monitor offers a seamless connection and friendly user experience with a Chromebook.

The HP M27fd USB-C Monitor is available now, while the HP E24mv G4 Conferencing Monitor is expected to be available in August this year.

Rugby Africa Cup Kicks Off With African Countries

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Rugby Africa Cup Kicks Off With African Countries

…Unions Eager To Secure A Spot In The Rugby World Cup 2023

With the Rugby Africa Cup kicking off on Saturday, African teams and unions are gearing up for entertaining competition as they travel through Africa to stand a chance to qualify for the 2023 Rugby World Cup in 2022.

With a number of countries and unions facing border closures due to the pandemic, Rugby Africa has been assisting a number of countries in traveling to match days, while adhering to local and host country processes and protocols.

With a collective effort to restart competitions, strict Covid-19 risk mitigations protocols have been communicated to all stakeholders in collaboration with unions.

The Rugby Africa Cup is an annual rugby union (https://bit.ly/362MTql) tournament involving African nations, organised by Rugby Africa (https://bit.ly/3jCgZJo). The tournament was first held in 2000 and has since been contested on an annual basis.

This year the top 14 teams based on the African ranking will compete in a single coordinated competition until the last two face each other in the final in 2022.

Starting with the Rugby Africa Cup Repechage which was hosted by the Burkina Faso Rugby Union in the capital Ouagadougou at the Stade 4 Août stadium, from the 5 – 13 June 2021, till the last game to be played in Kampala, Uganda on 18 July, a total of 27 matches will have been played. About 40 match officials from 11 African countries have been deployed from Rugby Africa across the continent to support the hosting unions’ workforce.

Speaking about the qualifying rounds Vice President Rugby Africa and President of the Rugby Committee, Andrew Owor explained: “The stakes could not be higher for our unions. The second round of the Rugby Africa Cup will be played across four pools of three teams each in July in three different venues, namely Kenya, Côte d’ivoire and Uganda, the fourth one remains to be confirmed. The top two teams of each pool will progress to the third and final round of the Rugby Africa Cup in 2022. An 8 teams knock-out tournament played with quarterfinals, semi-finals and a grand finale will see the winner qualify directly for RWC 2023 and the runner-up compete in a global repechage tournament.”

Initially Tunisia was also meant to host the tournament. However due to the rapid escalation of Covid-19 in the country, Rugby Africa is reviewing their viability and assessing options.

Rugby Africa President, Khaled Babbou applauded all unions in their massive preparation and effort to get their home teams ready.

“There has been huge commitment from all of our hosting countries – Burkina Faso, Kenya, Uganda and Côte d’Ivoire. We are extremely grateful to local authorities in making these tournament possible and availing resources to local and out of country games. We appreciate the efforts made by all match officials who are dedicating their time to support the tournaments. I would also like to thank APO Group, Société Générale and World Flair for partnering with us.”

Kenya will automatically qualify and also host the 2022 Junior World Rugby Trophy at the Nyayo National Stadium in Nairobi, where the Barthes U20 Trophy is currently being played with the Kenyan, Senegalese and Malagasy U20 teams.

It is also the occasion to launch the matches of the Rugby Africa Cup Women, Kenya will face Madagascar twice in Nairobi; Uganda will meet Zimbabwe twice in Kampala while matches between Tunisia, Ivory Coast and Senegal are once again under consideration. The Cameroonians had defeated their Burkinabe sisters twice in Ouagadougou on June 9 and 12.

With the announcement of the new Global W15 annual competition, women’s 15s is high on the agenda and Africa needs to fast-track the development of competitive women’s teams, says President of Women’s Rugby, Paula Lanco.

“The annual WXV competition, starting in 2023, will have three tiers and is aimed at raising competitiveness in the build-up to an expanded 16-team World Cup in 2025. The objective with the 2021 series of matches is to assess teams, give an opportunity to as many teams as possible to showcase their talent before an adequate competition format is designed for next year’s qualification to the W15 competition.

By establishing a unified international 15s calendar and introducing WXV we are creating a platform for the women’s international teams to compete in more consistent, competitive and sustainable competitions at regional and global level.”

The schedule of games are as follows:

In Nairobi, Kenya – Nyayo National stadium

26 June : U20 Kenya v Senegal @15h00 EAT

3 July : Women Kenya v Madagascar @ 11h00 EAT

3 July : U20 Senegal v Madagascar @ 13h30 EAT

3 July : Men Kenya v Senegal @ 16h00 EAT

7 July: Men Senegal v Zambia @15h00 EAT

11 July : Women Madagascar v Kenya @ 11h00 EAT

11 July : U20 Kenya v Madagascar @ 13h30 EAT

11 July : Men Zambia v Kenya @16h00 EAT

In Abidjan, Côte d’ivoire – Stade Excellence Alassane Ouattara

3 July : Men Namibia v Côte d’Ivoire @ 16h00 GMT

7 July : Men Madagascar v Namibia @ 16h00 GMT

11 July : Men Côte d’Ivoire v Madagascar @ 16h00 GMT

In Kampala, Uganda – Kyadondo Rugby Grounds

10 July : Men Ghana v Uganda @15h00 EAT

14 July : Women : Uganda v Zimbabwe @13h00 EAT

14 July : Men Algeria v Ghana @15h00 EAT

18 July : Women Zimbabwe v Uganda @13h00 EAT

18 July : Men Uganda v Algeria @15h00 EAT

Pool D – location, dates and order of fixtures under review

Men Tunisia v Burkina Faso

Men Burkina Faso v Zimbabwe

Men Zimbabwe v Tunisia

 

 

Facebook launches Reels Ads on Instagram across SSA

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Facebook launches Reels Ads on Instagram across SSA

2nd July 2021: Today, Facebook has announced the launch of Reels Ads in 25 African countries that had the Reels feature on Instagram. Reel Ads will enable businesses on Instagram to reach greater audiences besides allowing people to discover inspiring new content from brands and creators.

Prior to this launch, Reels Ads was successfully tested in select countries globally. Reels it to 25 countries across SSA including; Nigeria, Ghana, Kenya, Uganda, Tanzania, Rwanda, Zimbabwe, Zambia, Uganda, Tunisia, Swaziland, South Africa, Seychelles, Senegal, Namibia, Morocco, Mali, Malawi, Libya, Lesotho, Guinea, Egypt, Cape Verde, Cameroon, Burkina Faso and Algeria.

reels ads

Commenting about the launch, Jocelyne Muhutu, Facebook’s Strategic Media Partnerships Manager, SSA described Reels as the best place on Instagram to reach people who don’t follow you and a growing global stage where brands and creators can be discovered by anyone. “We see Reels as a great way for people to discover new content on Instagram, and so ads in Reels are a natural fit. Brands of all sizes can take advantage of this new creative format in an environment where people are already being entertained,” she added.

Reels ads will be full screen and vertical, similar to ads in Stories, and will appear in between individual Reels. As with regular Reels content, these ads will loop and can be up to 30 seconds. People can comment, like, view, save and share Reels ads. 

Reels ads will appear in the most popular places to access Reels content. This includes the Reels tab, Reels in Stories, Reels in Explore and Reels in your feed. Once a user taps into a reel from Stories, Feed, the Reels Tab or Explore, they will enter a viewer that exclusively shows reels that scroll vertically.

Just like any other ad on Instagram, Instagram will also provide people with controls on the Reels ads they see. If people see an ad they don’t like, they can skip the ad, or tap the menu on the post to hide or report it.

Samsung Unveils Dakore Egbuson-Akande As Brand Ambassador

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Samsung Unveils Dakore Egbuson-Akande As Brand Ambassador

Samsung Nigeria has unveiled movie industry icon, Dakore Egbuson-Akande, as brand ambassador for its Consumer Electronics division.

Dakore, as she is popularly called by her teeming fans, will be working closely with the brand and, by so doing, use her star power to raise awareness for Samsung consumer electronics products and ultimately contribute to making Samsung the preferred brand in the West Africa sub-region.

According to Danny Kim, Managing Director, Samsung Nigeria, Dakore represents the values that Samsung has stood for over the years. “The Samsung brand stands for quality, innovation, change, discovery, self-expression, and excellence in performance.

These very same qualities are exemplified by Dakore whose quality and depth of work as well as versatility as an artiste have endeared her to Nigerians today. We are indeed very proud and privileged to have her as our brand ambassador,” Kim said.

Marketing Manager, Consumer Electronics, Samsung Nigeria, Chika Nnadozie, said the signing of the award-winning actress is an opportunity for Samsung to reach out to her teeming fans and its customers through the Nigerian movie industry.

“It is important to us, as a brand, to connect with customers at all touchpoints and, in so doing, we have chosen Dakore who is one of the biggest stars in Nollywood the movie industry here in Nigeria, which is one of the passion points of people in West Africa” Chika added.

Samsung Unveils Dakore Egbuson-Akande As Brand Ambassador-Brand Spur Nigeria
Samsung Unveils Dakore Egbuson-Akande As Brand Ambassador-Brand Spur Nigeria

In her own words, Dakore said she was delighted to be chosen as an ambassador by the electronics giant. “Samsung is one of the biggest brands in the world and I am thrilled to be working with them at this stage in my career.

“This partnership is a mutually beneficial relationship which I will hold dearly,” she said, adding that “Samsung is brand that is well-respected all over the world for its reliable and durable products, which made it very easy for me to accept the offer of being an ambassador for the consumer products division of the company” she added.

Samsung has proven its enduring popularity in Africa with the release of the latest Brand Africa 100® list. It is the first and most comprehensive pan-African study and ranking of brands in Africa. Samsung was acknowledged as the third Most Admired Brand in Africa, across all categories and number one in the electronics/computer category.

Samsung Electronics Co., Ltd. inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, cameras, digital appliances, printers, medical equipment, network systems and semiconductor and LED solutions.

TECNO Launches PHANTOM X With Elegant Design And Extraordinary Camera

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TECNO Launches PHANTOM X With Elegant Design And Extraordinary Camera

TECNO is venturing into new heights by announcing its newest flagship smartphone, PHANTOM X.

Debuting on July 1st 2021, PHANTOM X features an elegant design of 3D Borderless Screen and the industry’s first silk glass back cover.

The combination of the 50MP Ultra-Night camera and the industry’s leading 1/1.3 super large senor, 48MP Ultra-Clear Selfie camera with 105°Ultra-Wide angle, not to mention the AI-assisted Super Night Mode and 50mm Golden Portrait, provides a big leap in camera performance.

Powered by a 4700mAh, 256G+8G large memory and a newly-updated HiOS 7.6 system, PHANTOM X empowers and supports every experience of your life and work.

Committed to bringing users bold and extraordinary innovations in design, technology, and complete user experience, PHANTOM X empowers consumers to feel their extraordinary best throughout all their special moments in life. PHANTOM X will be available in two artistic colors of Van Gogh’s Starry Night and Monet’s Summer.

Customers can get PHANTOM X through the online one-stop website www.mobile-PHANTOM.com and shop at local TECNO stores across Africa and other countries including Pakistan, Turkey, Columbia and more.

“We’re proud to introduce the all-new PHANTOM X. It is an extraordinary beginning that encompasses TECNO’s vision, encapsulating and reframed for a new audience of more demanding consumers,” said Stephen Ha, General Manager of TECNO, “PHANTOM X isn’t just an innovative high-end smartphone; it empowers the modern extraordinary individuals’ way of life-being bold to reject the ordinary, always strive for success and have the ambition to achieve new heights. Holding this spirit, we aim to continually make breakthroughs in product and design innovations as we have delivered through PHANTOM X.”

Extraordinary Beauty of Design

PHANTOM X is equipped with a unique 3D Borderless Screen, embedded with a unique arc design at the right angle of 36.5° to accommodate a comfortable grip to the hand. The top-class 6.7″ screen supports an enjoyable experience for videos and games. Unbounded by bezels, the 3D borderless screen features a large bending angle up to 70°, making text and images blend seamlessly into infinity around the edges of the device. The finest AMOLED display projects a streamlined and fluid vision of the world around you.

TECNO Launches PHANTOM X With Elegant Design And Extraordinary Camera-Brand Spur Nigeria
TECNO Launches PHANTOM X With Elegant Design And Extraordinary Camera-Brand Spur Nigeria

The new PHANTOM X offers the industry’s first curved glass surface etched texture. The innovative silk glass is based on a series of complex tests and manufacturing procedures, finally creating the elegant touch of “silk delicacy” and “glass sparkle”. The extraordinary etched textured design presents vertical refined lines, producing pure artistic expression based on exquisite craftsmanship.

PHANTOM X came up with two classical colours: Van Gogh’s Starry Night Blue and Monet’s Summer. Van Gogh’s Starry Night brings a stellar display of the mysteriously nebulous sky. Monet’s Summer is a display of warm and exuberant colors. Both are perfect options for bold explorers and innovators.

Extraordinary Pleasure of Technology

Extraordinary Camera Performance

The powerful camera system of the PHANTOM X device consists of triple rear and dual front cameras. PHANTOM X adopts an industry-leading 50MP Ultra-Night Camera with a 1/1.3-inch Ultra-Large Sensor, making it easy to shoot crisp, professional photos.

The 50MP Ultra-Night camera featuring 1/1.3-inch Ultra-Large sensor can take in 33% more light from the outer environment compared to camera featuring 108MP camera with 1/1.5-inch sensor. With a wider ISO range and less noise, better exposure, users are empowered with the ability to capture unexpected beauty with a pixel size of 2.4μm in 4-in-1 mode, whilst not having to sacrifice on image quality even in complex lighting conditions.

Imagine taking a selfie with PHANTOM X’s 48MP Ultra-Clear Selfie camera, you can capture every detail such as: clearer skin textures, sharper facial features, and even brighter smiles. It is ideal for both individual and group selfies with the AI-assisted 105°Ultra-Wide angle. With the self-developed AI face recommendation switching algorithm, when multiple faces are detected, the selfie camera automatically recommends users to switch to ultra-wide shot mode to meet the needs of those multiple party selfies.

PHANTOM X, equipped with a macro lens of 50mm Golden Portrait to capture detailed portraits with a short focal length, comparable to professional portrait lenses. Users can also choose seven diversified portrait lighting effects without changing the photo background. Three professional portrait color schemes are available to choose from to accommodate different skin color types, in line with multi-regional aesthetics and the demands from consumers.

With PHANTOM X’s Super Night Mode, night photography will never be a challenge again. Even in dark environments of less than 0.1 lux, PHANTOM X can bring more vivid details than the naked eye with the algorithm-enabled camera by utilizing AI segmentation and night protection. All the while, optimizing the purity of the picture, the focusing speed, and the color representation at night.

PHANTOM X makes it easy for you to capture the glorious night city scenes with the Super Night View 3.0, and even allows you to take elegant portraits in the spectacular night view with the help of Super Night Portrait.

Extraordinary Inner Power

PHANTOM X empowers users to become up to date mobile players with a large storage capacity, powerful battery, as well as an efficient UI and OS design. With 8G+256GB of storage, users can capture endless memorable pictures and videos. Also, you can always stay cool with the powerful 4700mAh battery.

When fully charged, it can support 30 days standby battery life, 16-hour video streaming and 9-hour video meeting. With a 33W flash charge, 30 minutes of charge can pump up charge to 70% battery life and 60 minutes of charge pumping up to 100%. What’s more, PHANTOM X is comprehensively upgraded in UI design, intelligent operation, and system performance, bringing a higher efficiency and fluency in use. Be among the cool and latest smartphone users with PHANTOM X, fully charged and up for any challenge.

Extraordinary Exclusivity of Enjoyment

PHANTOM X also features an industry-leading AI voice assistant who has mastered English and the Hausa language and can respond to your instructions even when you are offline. Activate Ella by calling “Hi Ella” whenever users need to make phone calls, set up alarms, play music, initiate driving mode and more, all without lifting a finger.

In addition, for other language barriers, PHANTOM X features AI live transcribe function that can transcribe more than 70 languages, allowing you to communicate with more than 80% of the global population without difficulty.

Realtime and accessible communication is tailored for interactive conversations with a far-reaching audience. For business documents, the one-button Document Photography correction detects erroneous data with smart precision, and extracts words from any type of images.

Moreover, PHANTOM X provides a series of promising safety measures to protect user privacy. Functions like Peek Proof and App encryption hiding can avoid your information from being leaked. Even in the instance where users accidentally lose their PHANTOM X, an anti-theft function alerts and remote locks the device.

Only you alone can unlock your smartphone, giving you confidence and guarantee in the security of your personal and sensitive information. The ultra-thin under screen fingerprint allows you to unlock PHANTOM X in less than 0.4s, giving you optimum unlocking speed without compromising on security.

Further Features of PHANTOM X:

Full Pixel Dual-Core Focus + Laser Focus: Find focus in a flash with full pixel dual-core focus and laser focus.

AI Portrait Restoration: Using integrated neural networks provides surety that every portrait is flawless.

Film Mode: Edit your own cinematic films with your own hands, whether it be for business or pleasure.

Video Portrait Mode: Blurs out cluttered backdrops and puts you sharply in focus, even when you’re on the move.

960fps Slow Motion: Every fleeting moment can feel like memories frozen in time.

Most Used Office Software Built-in: Kick-off your day with most commonly used APPs.

Floating Chatter Box: Receive pop-up message notifications as a bubble and chatter away with friends without interrupting your favorite videos.

Smart One-button Phone Cloner: Transfer everything within your old phone to a new one quickly, efficiently, and hassle-free with a few simple clicks.

Stanbic IBTC Nigeria PMI: New order growth quickens to 17month high in June

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Stanbic IBTC Nigeria PMI: New order growth quickens to 17month high in June

June data revealed a positive end to the first half of 2021 with a solid expansion recorded in the Nigerian private sector. Greater client demand in both domestic and international markets led to a sharp and accelerated rise in new orders. That said, output, purchasing and employment growth softened during the month.

Meanwhile, firms reduced their backlogs at the second most marked rate in the series. Sentiment regarding output in the year ahead was weak in the context of the historical average, but firms continued to foresee a rise in output by June 2022. On the price front, overall input price inflation was robust but eased to the softest since December 2020 despite a sharper rise in purchase costs.

GCR Stanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary

The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI®). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.

At 53.6 in June, down from 54.4 in May, the headline PMI registered a solid rate of growth, but one which moderated from May’s nine-month peak. The latest uptick extended the period of expansion to 12 consecutive months, however. New order inflows rose strongly in June, with the pace of expansion quickening to the fastest since January 2020. Greater client demand was often mentioned by respondents.

International demand for Nigerian goods and services also increased, and at the fourth-quickest rate in the series. Although client demand rose at a sharp and accelerated pace, output growth moderated in June. The rate of expansion was still solid but posted below the long-run series average.

Sector data revealed services recorded the sharpest increase in activity followed by wholesale & retail and manufacturing respectively. Agriculture meanwhile registered a fractional rise. To support higher output, firms engaged in buying activity with growth now seen in each month since July 2020. Inventories also rose at a similar pace, though the rate of expansion softened in both.

Workforce numbers rose marginally in June, which coincided with only a slight rise in staff costs. Amid efforts to keep on top of an outstanding business, backlogs fell at the second most marked rate in the series, surpassed only by that seen in February.

On the price front, higher raw material costs underpinned a rise in purchase prices which quickened to a three-month high. Overall input prices rose sharply, though at the softest rate since December 2020. Higher prices were passed on to clients, with the rate of charge inflation robust overall.

Finally, firms remain optimistic about their output prospects over the year ahead, but the degree of positivity was far below the series average in June.

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