Vic News Blog💫

Nigerians have been hit by a double whammy of chronic fuel shortages and a hike in prices by the state-owned oil company. The Nigerian National Petroleum Corporation (NNPC), which imports the country’s fuel and distributes it to private sellers, blamed its debts and rising global prices for its difficulty in getting fuel. Many people have been left stranded with long queues at petrol stations nationwide. Commuters in Lagos have been lining up at bus stations, but there very few buses operating. Others told the BBC they have been forced to trek long distances as public transport prices have doubled along some route.  On Tuesday, the NNPC said it was putting up the petrol price from 617 naira ($0.40, £0.30) to 897 naira a litre. Why Nigeria's economy is in such a mess Why Nigerians are praying for the success of a new oil refinery People turn to 'throw-away' rice for food Its petrol stations have the cheapest fuel on sale in the country - but at the vast majority ...

Chinese President Xi Jinping Nigerian President Bola Tinubu on Tuesday held talks in Beijing ahead of the opening of the Forum on China-Africa Cooperation. Xi and Tinubu said they had elevated ties between their countries to a “comprehensive strategic partnership” on the eve of the three-day summit beginning on Wednesday. “China and Nigeria, as major developing countries, strengthening strategic coordination, will inject fresh impetus to China-Africa relations in the new era and spearhead common progress among Global South countries,” Xi said. China’s State Council said that Tinubu expressed his hope that Nigeria would become China’s largest trade and investment partner in Africa. The Nigerian leader also welcomed Chinese companies to increase investments in the country, expand cooperation in fields such as agriculture, manufacturing and mineral energy, and help poverty reduction efforts, according to the State Council. In a statement released by his office, Tinubu said...

Anthropic has launched Claude Enterprise, an opportunity for big businesses to integrate its artificial intelligence models into their operations. The new subscription plan, rivaling a similar one from OpenAI ChatGPT, grants subscribers more security, privacy, and administrative control. According to the Amazon-backed AI startup, it has been working on this new product since January, meaning it was almost ready when it launched the Claude 3.5 sonnet model in June. The company also released Claude Team in May; that product will now serve smaller businesses. Claude Enterprise is a virtual collaborator instead of an assistant The new product plan comes loaded with features, including a 500,000 tokens context window, allowing it to process a large swath of data with a single interaction. For context, it will take a single prompt to process 200,000 lines of code, several 100-page documents, or a 2-hour audio transcript on Claude Enterprise. This allows the chatbot to easily unde...

Scottie Pippen, one of the biggest basketball legends, recently attracted some ridicule on social media after claiming that Satoshi Nakamoto, the mysterious Bitcoin creator, showed up in his dream to predict that the leading cryptocurrency would hit $84,650 on Nov. 5. The bizarre post was met with a slew of reactions on social media that ranged from bewilderment to mockery and taunting.  "This is so weird. Who is running this account?" one user asked in response to Pippen's ridiculous revelation.  Some also pointed to the fact that Pippen's post coincided with another Bitcoin crash. "This couldn’t have been a more well-timed tweet," a user commented on the X social media network. Earlier today, the price of the leading cryptocurrency slipped to an intraday low of $55,602. As reported by U.Today, Pippen dipped his toes into the non-fungible token (NFT) sector back in 2022 by launching his own collection. In June, he showed some interest in crypto once again b...

The $DOGS coin is currently stuck in a narrow range of $0.0009900 to $0.0010300. However, the EMA indicator is warning of a sudden drop in trading volume. Although $DOGS coin is finding temporary support at $0.0010300, it's likely to break this level soon. In the next few hours, the price may drop below $0.0010300 and fall to $0.0008000. Be prepared for a potential price decline. The current stability is likely a temporary pause before a further drop. 

If you are a true holder, speculator and intend to invest most of your money, at least consider my opinion. Especially those of you who want to buy, you should be patient first, because in the future, it may not take long enough, you can wait for bitcoin to reach a price of 49,000. That is the best area for you to buy. Because looking at past data, the pattern tends to be like that. I do not recommend that you buy at current prices, because even if it goes up, the market is only making a correction. Seeing that September is the annual month for bitcoin to decline. For those of you who want to sell, you can monitor the red area that I have marked. That is the best area for you to sell. But anyway, do your research first, especially the fundamentals going forward. Especially for those of you who want to invest large funds. Keep an eye on the risk, maintain money management. If the analysis is not as expected, don't be afraid to close at a loss, because that will save your capital in ...

🚀 Market Insights: Potential Upside for $DOGS, $NOT, and $EURI!🚀 $DOGS is currently trading at $0.0010265 and has seen a recent dip of 10.86%. However, this could be an opportunity! The crucial support level at $0.0010000 might hold strong, potentially setting the stage for a rebound. If $DOGS bounces back, the next resistance to watch is $0.0010500. If buyers step in, we could see a promising recovery! 📈 $NOT is priced at $0.00788, down by 6.30%. The key support at $0.00750 could act as a solid base for a bullish reversal. If this level holds, $NOT might surge past the resistance at $0.00820, opening doors for a positive trend. Keep an eye on this one for potential gains! 🌟 $EURI trading at $1.1047, is showing a modest 0.13% drop, making it the most resilient among the trio. With immediate support at $1.1000, EURI could easily bounce back and challenge the resistance at $1.1200. Given its smaller loss, EURI might have a smoother path to recovery. 📊 In summary, while a...

Labour Party Disowns Outcome Of Umuahia Stakeholders Meeting Summoned By Abia State Governor, Alex Otti. Says the meeting Is Illegal And Unconstitutional..   Image below 👇

The National Association of Nigerian Students (NANS) has announced a nationwide protest, slated for September 15, 2024, across major cities in Nigeria to express displeasure over the new pump price announced by the Nigerian National Petroleum Company (NNPC). This was stated by NANS, adding that, “The protest, tagged ‘Fuel Price Hike: A Threat to Our Future,’ will take place on September 15, 2024, across major cities in Nigeria.” This announcement was made on Tuesday in a statement signed by NANS National Senate President, Comrade Henry Okunomo, a copy of which was made available to the press in Kano.

The Dangote Refinery, located in Lagos, Nigeria, is a major development in the country's oil and gas sector. As one of the largest single-train refineries in the world, it has a refining capacity of around 650,000 barrels per day. This significant investment is expected to have substantial impacts on the Nigerian economy and fuel prices. **Impact on the Nigerian Economy:** 1. **Job Creation**: The refinery is expected to create thousands of direct and indirect jobs, boosting local employment and contributing to economic growth. 2. **Reduced Import Costs**: Previously, Nigeria relied heavily on importing refined petroleum products, which contributed to the country's trade deficit and exposed it to global price fluctuations. The Dangote Refinery aims to reduce this dependency by producing a substantial portion of the nation's fuel needs domestically. 3. **Industrial Growth**: The refinery's presence is likely to stimulate growth in related industri...