Nigeria Records Largest Rise in Output of Oil Export Since 2008

NIGERIAN OUTPUT REBOUNDS

The largest rise in output came from Nigeria, where production rose 150,000 b/d to 1.57 million b/d, due largely to the return of its largest export grade, Qua Iboe, as production and exports resumed at the end of May.

Nigerian production hit 30-year lows in May as militancy continued in the country's oil rich Niger Delta.

June OPEC Output of 32.73 Mil. Barrels of Crude Per Day, Highest Since Aug. 2008: S&P Global Platts
Click here for the full report.

The Population of Lagos is Now More Than 21, 300, 000

Lagos’ Resilience Challenge

This bustling megacity must cope with rising sea levels and coastal erosion that threaten to undermine its growth.

Lagos has over 21 million inhabitants and is the cultural and economic heart of Nigeria. With financial, commercial, and tourist centers located on islands in the Gulf of Guinea, Lagos is especially susceptible to damage from rising sea levels and coastal erosion, which have already led to a decline in water quality, the destruction of drainage infrastructure, and an increase in incidences of water and vector borne disease. Coastal erosion has also hurt indigenous communities that depend on coastal resources for survival.

Coastal flooding from storm surges has forced the relocation of resorts, businesses, and artisans from the popular tourist destination of Victoria Island. Recent initiatives involving private sector partners have already led to the reclamation of some coastline on the island, providing a model for future efforts to protect Lagos’ vulnerable shores.

See more details on 100 Resilient Cities.

Orange Completes Acquisition of Mobile Operator Airtel in Sierra Leone

PRESS RELEASE

Orange completes acquisition of mobile operator Airtel in Sierra Leone

Orange completes acquisition of mobile operator Airtel in Sierra Leone

Airtel is the leading mobile operator in Sierra Leone with over 1.3 million customers.

The Highest Paid Bank Bosses in the World

Jamie Dimon.

The Highest Paid Bank Bosses in the World.

Last year, chief executives at the world’s biggest banks saw their pay increase 7.6 percent with each of them taking home just over $13 million on average, according to research conducted by the Financial Times. U.S. bosses did particularly well, earning twice as much as their European counterparts. The chief executives at JPMorgan Chase, Goldman Sachs, Citi, Wells Fargo, Bank of America and Morgan Stanley earned an average of $20.7 million last year, while the bosses at 11 banks in Europe brought home $10.4 million.

Lloyd Blankfein.

Bill Winters.

JPMorgan’s Jamie Dimon was 2015′s best-paid bank boss, earning an impressive $27.6 million. Lloyd Blankfein of Goldman Sachs came second with $23.4 million while the head of Standard Chartered, Bill Winters, rounded off the top three with $22.4 million.

Source: Statista.

Happy Birthday Malala Yousafzai! And We Say #YesAllGirls!

Today Tues‌day is Malala's 19th birthday — and she’ll spend it traveling to one of the toughest places in the world to be a girl. 
Sign up to be the first to know where Malala lands on her birthday. 

Four years ago, the UN named Jul‌y 1‌2 #MalalaDay. And Malala uses her birthday to shine a spotlight on girls struggling to go to school. But she can't do it alone.

Support Malala as she travels to meet girls around the world.

At 17, Malala visited families of schoolgirls kidnapped by Boko Haram and told Nigerian President Goodluck Jonathan to do more to bring them home.

At 18, she opened a school for adolescent Syrian girls in Lebanon who fled their homes to escape war and violence.

This year, Malala's birthday is happening in the midst of the largest refugee crisis in 70 years.

More than ever we need you to join Malala and declare that #YesAllGirls deserve an education.

Wherever Malala goes, our supporters have been beside her -- acting as a megaphone to amplify the voices of girls struggling to go to school.

This Malala Day, help Malala remind the world that they have promised 12 years of school to all girls, #YesAllGirls, everywhere.

With gratitude,
 Malala Fund Team

Xiaomi Introduces Affordable Super Mi Drone for Indie Filmmakers

Xiaomi Introduces Affordable Super Mi Drone for Indie Filmmakers

The news that’s been flying off the tech radar is Xiaomi’s announcement that they’ll be launching the Mi Drone. It will cost $456 for the 4K version, and $380 for the 1080p.

Xiaomi said that the Mi Drone can fly for 27 minutes per session thanks to a 5,100 mAh battery and to a range of 3km. It also includes a 360-degree camera that can shoot 4K video, and handheld remote which has the option of attaching a smartphone for a live-feed view from the drone. The pieces seem to be modular, which means replacing them — and the battery — is possible.

For the Price, the Mi Drone comes loaded, and it pretty much matches the DJI Phantom 4 drone, the current leader in the segment, without having to shell out $1,300 for it.

You can trace Mi Drone's position via GPS and once the Mi Drone fly out of the connected range then it will automatically fly back to the original position where it take off.
CONTACT: http://mia.africa.com/global/xiaomi-introduces-affordable-mi-drone.

Brexit Challenges Present New Growth Opportunities for Automotive Players in Africa

Brexit Challenges Present New Growth Opportunities for Automotive Players in Africa, says Frost & Sullivan
Mobility workshop on how to address upcoming challenges will take place at GIL 2016: Africa 

6 Questions To Help Consumers Decide When To Purchase Travel Insurance

Vacationers Concerned About Extreme Weather, Political Unrest, Viruses Can Turn To Travel Insurance For Financial And Personal Assistance
Six Questions To Help Consumers Decide When To Purchase Travel Insurance

NEW YORK, July 8, 2016 /PRNewswire-USNewswire/ -- Travel insurance can't prevent bad things from happening on a vacation, but it may be able to protect your financial investment, according to the Insurance Information Institute (I.I.I.).

ICONIC Celebrates Lagos State at 50 with 50 Leading Businesses in Nigeria

As the Commercial Hub of Africa, Lagos State, Turns 50, ICONIC Releases its Business Ranking Report on the 50 Leading Businesses Upholding Nigeria's Economy

Brexit Impact On Africa

Brexit Impact On Africa

African markets will suffer from market volatility. Long-term implications subject to global agenda

JOHANNESBURG, South Africa, July 8, 2016/ -- The short-term implications of Brexit for African economies will be mainly noticeable through market volatility. However, according to Control Risks (www.ControlRisks.com) and NKC African Economics, the longer-term impacts on Africa from Brexit are speculative and depend as much on the attitude of future British governments as on the terms of exit. The longer term implications – both economic and geopolitical – hinge on what the terms of Britain leaving the EU are, and how this feeds through transmission mechanism to Africa through trade, aid and soft power and political influence.