The rising prices of fossil fuel across the board have created an opportunity for renewable energy in 2022 as over 187 gigawatts of all the newly commissioned renewable capacity in the year came cheaper than fossil fuel-fired electricity. While Nigeria spent about N7 trillion in premium motor spirit subsidies last year,
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By synchronizing media streams transmitted from the cloud to two devices, researchers could improve cloud gaming and AR/VR applications. Cloud gaming, which involves playing a video game remotely from the cloud, witnessed unprecedented growth during the lockdowns and gaming hardware shortages that occurred during the heart of the Covid-19 pandemic. Today,
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MIT's Abdul Latif Jameel Poverty Action Lab (J-PAL) is launching the Clean Air and Water Labs, with support from Community Jameel, to generate evidence-based solutions aimed at increasing access to clean air and water. Led by J-PAL’s Africa, Middle East and North Africa (MENA), and South Asia regional offices, the labs
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Clothes made from recycled textiles are emerging in Europe, highlighting new business opportunities that also reduce the industry's environmental footprint. Two textile plants in southern Finland point to the future of the industry. At the sites in Espoo and Valkeakoski, pre-treated textile waste is turned into a cellulosic fiber that looks and
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Generative AI is a worthwhile investment when humans are able to ask the right questions and easily evaluate the accuracy of the answers, MIT Sloan’s John Horton says. There’s a lot you can ask generative artificial intelligence to do: compile an agenda for a meeting, write an email, transcribe notes, generate
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Chairman of United Bank for Africa Plc and entrepreneur, Tony Elumelu, has warned that the deal between the Federal Government and General Electric (GE) will fail unless the constraints around gas are addressed and changes are made to “self-serving policies”. Speaking at the annual general conference of the Nigerian Bar Association,
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Seplat Energy and MTN Nigeria have signed a ‘5G2Business’ Memorandum of Understanding (MoU) for the deployment of 5G services to facilitate business optimization. According to a statement issued on Tuesday, Director, of Corporate Services at Seplat Energy, Charles Gbandi, said, “We are excited to embark on this transformative journey with MTN
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Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as a hurricane in the Gulf of Mexico kept investors on edge. Brent crude futures for October rose by 42 cents, or 0.49%, to $85.91 a
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Associate Professor Dean Eckles studies how our social networks affect our behavior and shape our lives. Around 2010, Facebook was a relatively small company with about 2,000 employees. So, when a PhD student named Dean Eckles showed up to serve an intership at the firm, he landed in a position with
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Researchers have successfully generated electricity directly from methylcyclohexane, an organic hydride, using solid oxide fuel cells, with lower energy than conventional catalytic dehydrogenation reactions. Methylcyclohexane (MCH), a type of organic hydride, is expected to be an excellent hydrogen carrier because it remains liquid at room temperature, is easy to transport, has
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