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Instablog9ja
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The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets.
TheCable observed that the price of the product increased to N998 per litre in Lagos on Wednesday. NNPC increased the pump price from N855 per litre set in September.
At the NNPC retail outlets located at Ago Palace Way, Okota, and Second Rainbow at Apapa Expressway, the price of PMS was fixed at N998 per litre. In Abuja, at Wuse Zone 4, an NNPC retail station sold the product at N1,003 per litre. Also, private filling stations have started adjusting their prices, with the Mobil filling station at College road, Ogba, adjusting its pump price to that of NNPC. The price development comes weeks after the NNPC commenced petrol lifting at the Dangote Petroleum Refinery’s gantry after an extended period of price negotiations.
On September 15, the NNPC said petrol was bought from Dangote refinery at N898 per litre. The Dangote refinery countered NNPC’s claim, describing it as “both misleading and mischievous”. A day after, the national oil company announced estimated pump prices based on prices set by the Dangote refinery for its petroleum products, saying petrol will sell for N950 in Lagos and N999 in Abuja.
Investopedia
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Shares of Nvidia (NVDA) are nearing their all-time highs Wednesday morning on positive news about the chipmaker's artificial intelligence (AI) products.
Nvidia shares, which have ended higher the past five sessions, recently edged up to $133.30. Their all-time closing high is $135.58, achieved on June 18, and record intraday high is $140.76, recorded the following session two days later, after markets were closed for Juneteenth.
On Tuesday, contract electronics manufacturing giant Foxconn reported strong demand for its servers powered by Nvidia's GB200 semiconductors, part of the latter's Blackwell architecture. Microsoft announced it was "the 1st cloud" running the Blackwell system with GB200-powered AI servers. OpenAI also thanked Nvidia for delivering "one of the first engineering builds of the DGX B200 to our office."
Also yesterday, Nvidia noted that the Blackwell platform has slashed energy consumption by up to 2,000 times over the last decade for AI training models such as OpenAI's GPT-4.
Bob Pette, vice president and general manager of Nvidia's enterprise platforms, told participants at the company's AI Summit that "We are in the dawn of a new industrial revolution," adding that the firm is "designing our systems with not just performance in mind, but with energy efficiency in mind."
Nvidia shares have soared about 170% this year.
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Instablog9ja
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Businesswoman Uju Stella has responded to Burna Boy
She said, she invested three years of her life in their relationship, and it’s disheartening that he reduced it to a mere transaction. After eight years, it’s sad to see that nothing has changed, after all his Grammy and accomplishments.
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Investopedia
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September sales rose at Taiwan Semiconductor Manufacturing Co. (TSM), with the chipmaker on Wednesday reporting numbers that pointed toward better-than-expected third-quarter revenue.
The company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), reported September sales of 251.87 billion New Taiwan dollars ($7.82 billion), up just under 40% from the same time last year.
Added to its results for August and July, TSMC reported NT$759.69 billion ($23.58 billion) in revenue for the third quarter, above the NT$749.88 billion analysts tracked by Visible Alpha had expected and roughly 36% above sales for the third quarter of 2023. The results surpassed TSMC's own outlook, as the company said in its second-quarter earnings report that it expected third-quarter revenue between $22.4 billion and $23.2 billion.
The company's US-traded shares were recently down more than 1% as broader markets wavered. The stock has risen steadily from August lows and is near record levels, up roughly 75% this year. The PHLX index of semiconductor shares edged lower Thursday.
TSMC is set to report the rest of its third-quarter financial results on the morning of Oct. 17. The company surpassed estimates in the first two quarters of 2024, as demand for its chips to power AI technology have remained in high demand.
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Instablog9ja
2 hrs
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Skit Maker Shank Comics has expresses outrage after spending N75,000 to fill his tank.
He said what a f¥ck as used N75,0000 to fill his tank and he was like f¥ck the government too.
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Investopedia
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The U.S. Department of Justice (DOJ) mulls breaking up Google; Florida braces as Hurricane Milton is expected to cause tens of billions of dollars in damages; Palantir Technologies (PLTR) shares are rising further in premarket trading on optimism about its opportunities during the artificial intelligence (AI) boom; Pfizer (PFE) Chief Executive Officer (CEO) Albert Bourla reportedly is to meet with executives of Starboard Value after the activist investor took a stake in the pharmaceutical firm; and Rio Tinto is acquiring Arcadium Lithium (ALTM) for $6.7 billion. Here's what investors need to know today.
The Department of Justice (DOJ) has submitted a filing giving a federal court a framework for restructuring Alphabet's (GOOGL) Google, including breaking up the tech giant for an illegal monopoly over search. The filing comes after a U.S. judge in August ruled in favor of the DOJ's antitrust suit, which was first filed in 2020. A Google executive said the proposal could have "significant unintended consequences." Shares of Alphabet are down about 1% in premarket trading.
Florida is bracing for Hurricane Milton as the Category 5 storm continues its path toward the state's west coast, with mass evacuations preceding the expected landfall near Sarasota this evening. The storm could have a big impact on the state, with analysts at Jefferies projecting it could result in tens of billions of dollars in damages. One company that is expected to be affected is The Walt Disney Co. (DIS), which will be closing Disney World in early afternoon today and could take a hit to its earnings of between $150 million to $200 million due to disruption of its theme parks, according to Goldman Sachs.
Palantir Technologies (PLTR) shares are continuing to rise after asset management firm Ark Invest highlighted the company as one that could benefit from artificial intelligence (AI) trends. The technology-focused asset manager's European managing director Rahul Bhushan told that data analytics software names such as Palantir sit well positioned to capture AI market share from tech giants as demand grows for customized data and AI services that tailor to clients' specific needs. After surging more than 6% Tuesday, shares of Palantir are up another 0.6% in premarket trading.
Pfizer (PFE) CEO Albert Bourla will meet with executives of activist investor Starboard Value next week as the hedge fund has reportedly taken a $1 billion stake in the pharmaceutical giant, according to the . Bourla and Pfizer independent director Shantanu Narayen, the CEO of Adobe (ADBE), will meet with Starboard Value CEO Jeff Smith and Patrick Sullivan, who runs the fund's healthcare investments, the report said. Shares of Pfizer are up less than 1% in premarket trading.
Global mining giant Rio Tinto announced that it would acquire Arcadium Lithium (ALTM) in an all-cash transaction for $5.85 per share, or $6.7 billion. Shares of Arcadium Lithium surged more than 30% in premarket trading to $5.55. The deal would allow Rio Tinto to become one of the top miners of lithium, a metal needed to produce electric vehicle (EV) batteries. "Acquiring Arcadium Lithium is a significant step forward in Rio Tinto's long-term strategy, creating a world-class lithium business alongside our leading aluminium and copper operations to supply materials needed for the energy transition," Rio Tinto CEO Jakob Stausholm said.
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