Merchant ships are massive — often spanning a few hundred feet — and have thousands of moving parts. Given the progress made by cross-border trade and commerce post-globalization, and the recent rise of e-commerce, more than 50,000 ships undertake nearly half-a-million voyages every year. To avoid catastrophes while at sea, merchant ships
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Businesses are now far more reliant on technology than they were ever before. Leaders are aware of the need to revolutionize business strategies and processes to meet the ever-changing demands of the marketplace. Not to mention, there is a constant push to invest in new technologies and develop better digital capabilities to
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Josepdam Sugar Company, formally known as Nigeria Sugar Company in Bacita, Kwara State, used to employ about 40,000 workers before it became moribund. A look at the challenges of reviving the multibillion-naira firm and the economic implications for the country The days of glory For many years, the Nigeria Sugar Company, Bacita
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Nigeria and its business community spend a whopping $14 billion (N5.075 trillion) per annum on petrol and diesel powered generators. This has contributed in numerous ways to increasing cost of doing business in the country, in addition to air and noise pollution. The disclosure was made by the African Development Bank
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Functional, intelligent robots the size of a single cell are within reach, said Cornell University Professor Paul McEuen at the inaugural Mildred S. Dresselhaus Lecture at MIT “To build a robot that is on the scale of 100 microns in size, and have it work, that’s a big dream,” said McEuen,
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An indigenous oil firm, Aiteo, has raised the alarm over the continued attack on its pipelines by suspected crude oil thieves in the Niger Delta region. Aiteo is the operator of the Nembe Creek Trunk Line (NCTL) which has a 117km pipeline, stretching from Bayelsa to Bonny in Rivers State, with
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Power generation companies are owed a total of N361.67bn by the Nigerian Bulk Electricity Trading Plc for electricity generated, sold and fed into the national grid from January to August this year. The government-owned NBET buys electricity in bulk from Gencos through Power Purchase Agreements and sells through vesting contracts to
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About a month after Donald J. Trump was elected president in 2016, Larry Page, the Google co-founder, was summoned along with other prominent tech executives to a meeting at Trump Tower. It was a rare public appearance for Mr. Page. He sported a tan suit and shifted in his seat as
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Today, Ford announced a new partnership with McDonald’s to use waste materials from the company's coffee beans to create new car components. The new parts will be made from coffee h less energy intensive than traditional plastic parts, and they’ll also be lighter, making each car slightly more energy efficient. Ford says
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Business need to be critically informed, well-consulted, and strategic when investing in new technology. This is especially important to remember in an age where smart solutions – especially artificial intelligence (AI) – are greatly valued and highly advertised. Naturally, some service providers and technology vendors are taking advantage of the AI hype
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