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918 slot vip ARCO Group Plc. is one of the leading indigenous oil and gas servicing companies in Nigeria that has witnessed significant growth as a result of the nation’s local content policy. Providing leadership in local content development has allowed ARCO to grow beyond its original industry into a dynamic group of world-class companies. On April 1, 2015, these companies were reincorporated under the name, ARCO Group. ARCO Maintenance and Engineering Limited (AMEL), (successor of ARCO Petrochemical Engineering Company) has significant experience in the maintenance and engineering capability of rotating and reciprocating equipment (gas turbines, steam-turbines and compressors) and providing electrical power solutions. It delivers outstanding local partnership solutions through its workforce (over 170 Nigerians), who are supported by its Global Technical Partners through technology injection and transfer of know-how. One significant factor that made ARCO the champion of local content was when in 2007, the Niger Delta crisis got to a frightening dimension, the expatriates maintaining gas turbines and compressors for one of the International Oil Companies (IOCs) were evacuated from the site. After their exit, the responsibility to maintain this sophisticated equipment fell on ARCO’s engineers and technicians. Having sufficiently developed local capability through training and capacity building, ARCO deployed young Nigerians it trained to keep the plants running in the absence of the expatriate engineers and technicians. This was a pleasant surprise to the industry. Also, during the Niger Delta crisis, Nigerian sailors who were highly qualified like their expatriate counterparts, but were hitherto looked down upon, were called be the crew and manage the vessels. They creditably discharged the responsibility to the amazement of those who had been skeptical about their abilities. Today, Nigeria has reduced the operational costs of its vessels by over 40 per cent because Indigenous operators, whose capacities the firm has helped to build, are now playing major roles in the marine subsector. The ARCO Group has carved out a singular space for itself in Nigeria’s competitive oil and gas sector, focusing on marine logistics, maintenance, testing and drone technology. In 1980, Alfred Okoigun, founder of the group, noticed that Nigerian oil refineries were still importing essential spare parts from abroad – a lengthy and inefficient process. He saw an unmissable business opportunity. With only $680 at his disposal, he quit his job, started his own company and became one of the first agents in the country to represent some of the major oil and gas maintenance firms in the world. Today, 38 years after its humble beginnings, ARCO Group is a leading oil and gas servicing firm that aims to be a billion-dollar company by 2025. Okoigun, now the company’s group managing director, has not forgotten the hardships of his start-up journey. ARCO supports young entrepreneurs by sponsoring seminars and scholarships for young engineering students, for which he has received many awards for his contributions to the national oil and gas sector. ARCO mainly focuses on downstream oil and gas services. The ARCO Group is split into four subsidiaries. ARCO Marine handles the marine logistics of the oil and gas industry. ARCO Maintenance and Engineering handles rotating and reciprocating equipment (gas turbines, steam turbines and compressors). ARCO Integrity provides testing and assessment, while the newly formed ARCO Worldwide focuses on the drone industry. At the time of going public, the Group was providing jobs for over 500 people. This milestone was the result of many small changes that contributed to the overall transformation, such as choosing good people, applying the right economic model, and adopting a growth mindset. The group has the goal of creating a constellation of autonomous subsidiaries and diversifying its product offering. The group aims to acquire its own intellectual property and build a research and development department. Ideally, in the near future, ARCO is repositioning to start exporting ARCO products to the rest of the world. Some of the areas it is looking at are technology, agriculture, drones, and media, as it wants to be seen as a Nigerian company in the global context. With these achievements, ARCO Engineering is a meritorious winner of LEADERSHIP Oil and Gas Local Content of the Year award.Women voters

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Chinese tech firms lobby influence raises alert in CanberraPrices in British shops fell less sharply this month, according to a survey from the British Retail Consortium on Tuesday that suggested consumers could face renewed pressure on their spending power. Annual shop price deflation of 0.6% in the 12 months to November followed a 0.8% drop in the 12 months to October, the BRC said. Its measure of shop price inflation dropped between May 2023 and July this year after which it fell further into deflation, until now. “With significant price pressures on the horizon, November’s figures may signal the end of falling inflation,” Helen Dickinson, BRC’s chief executive, said. Official figures last week showed consumer price inflation rose to 2.3% in October, largely reflecting a surge in household energy prices. The Bank of England this month cut interest rates to 4.75% from 5% but said it was likely to move only gradually with further cuts. On Monday, BoE Deputy Governor Clare Lombardelli expressed concern about the risk of stronger price growth than forecast. The BRC’s Dickinson said prices would increase as stores pass on higher staffing costs including in finance minister Rachel Reeves’ budget last month. Reeves on Oct.30 announced a 25 billion-pound ($31.53 billion) rise in social security contributions by employers alongside a 6.7% uplift in the minimum wage. The BRC survey showed food inflation fell to 1.8% from 1.9% in October. Prices of non-food items fell by 1.8%, a less severe drop than October’s 2.1% decrease. A separate survey from British supermarket Asda on Monday said a drop in households’ disposable income and rising inflation could subdue Christmas spending. Source: Reuters (Reporting by Suban Abdulla, Editing by William Schomberg)

Opinion: 5 common misconceptions about women and entrepreneurshipMr Trump made the announcement in a Truth Social post, calling Charles Kushner “a tremendous business leader, philanthropist, & dealmaker”. Mr Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former senior Trump adviser who is married to Trump’s eldest daughter, Ivanka. The elder Mr Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations. Prosecutors alleged that after Charles Kushner discovered his brother-in-law was co-operating with federal authorities in an investigation, he hatched a scheme for revenge and intimidation. Mr Kushner hired a prostitute to lure his brother-in-law, then arranged to have the encounter in a New Jersey motel room recorded with a hidden camera and the recording sent to his own sister, the man’s wife, prosecutors said. Mr Kushner eventually pleaded guilty to 18 counts including tax evasion and witness tampering. He was sentenced in 2005 to two years in prison – the most he could receive under a plea deal, but less than what Chris Christie, the US attorney for New Jersey at the time and later governor and Republican presidential candidate, had sought. Mr Christie has blamed Jared Kushner for his firing from Mr Trump’s transition team in 2016, and has called Charles Kushner’s offences “one of the most loathsome, disgusting crimes that I prosecuted when I was US attorney”. Mr Trump and the elder Mr Kushner knew each other from real estate circles and their children were married in 2009.

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U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling around 200 points on Thursday. The Dow traded down 0.46% to 43,947.18 while the NASDAQ fell 0.38% to 19,957.81. The S&P 500 also fell, dropping, 0.34% to 6,063.38. Check This Out: Jim Cramer Says ‘Keep Owning’ This Energy Stock, Abbott Laboratories ‘Legal Stuff’ Is Behind Them Leading and Lagging Sectors Consumer staples shares jumped by 0.5% on Thursday. In trading on Thursday, health care shares fell by 0.5%. Top Headline Shares of Ciena Corp CIEN jumped more than 15% on Thursday after the company released fourth-quarter results. The company reported a fiscal fourth-quarter 2024 revenue decline of 0.5% year-on-year to $1.124 billion, beating the analyst consensus estimate of $1.104 billion. The American telecommunications networking equipment and software services supplier reported adjusted EPS of 54 cents, missing the analyst consensus estimate of 66 cents. Equities Trading UP Liquidity Services, Inc. LQDT shares shot up 32% to $34.02 after the company reported better-than-expected fourth-quarter financial results. Shares of Trevi Therapeutics, Inc. TRVI got a boost, surging 72% to $4.28 after the company announced positive outcomes for the treatment of patients from its chronic cough Phase 2b CORAL trial. 3D Systems Corporation DDD shares were also up, gaining 21% to $4.07 after the company inked a definitive agreement to sell its Geomagic software portfolio to Hexagon's Manufacturing Intelligence Division for $123 million. Equities Trading DOWN Sacks Parente Golf, Inc. SPGC shares dropped 74% to $0.37 after the company priced an upsized $8.4 million underwritten public offering of 7 million common units at $1.20 per unit. Shares of Keros Therapeutics, Inc KROS were down 74% to $18.12 after the company announced it halted treatment in the 3.0 mg/kg and 4.5 mg/kg arms of its ongoing TROPOS trial due to safety concerns.. The Lovesac Company LOVE was down, falling 27% to $27.38 after the company reported mixed third-quarter financial results. Commodities In commodity news, oil traded up 0.1% to $70.38 while gold traded down 1.7% at $2,709.40. Silver traded down 4.1% to $31.630 on Thursday, while copper fell 0.6% to $4.2400. Euro zone European shares were mixed today. The eurozone's STOXX 600 fell 0.14%, Germany's DAX rose 0.13% and France's CAC 40 fell 0.03%. Spain's IBEX 35 Index slipped 0.21%, while London's FTSE 100 rose 0.12%. Asia Pacific Markets Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 1.21%, Hong Kong's Hang Seng Index gaining 1.20%, China's Shanghai Composite Index gaining 0.85% and India's BSE Sensex falling 0.29%. Economics U.S. initial jobless claims increased by 17,000 from the previous week to a reading of 242,000 during the first week of December, compared to market estimates of 220,000. Core producer prices increased by 0.2% month-over-month in November compared to a 0.3% increase in the previous month and in-line with market expectations. U.S. natural-gas stocks fell 190 billion cubic feet to 3.747 trillion cubic feet in the week ended Dec. 6, compared to market estimates of a 170 billion cubic feet decline. Now Read This: Wall Street’s Most Accurate Analysts Weigh In On 3 Risk Off Care Stocks With Over 5% Dividend Yields © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Roy Keane clashes with a fan at Ipswic Roy Keane has been captured on camera embroiled in an angry exchange with an Ipswich fan wile he was working for Sky Sports. Former Ipswich boss Keane was back at Portman Road working as a pundit on Ruben Amorim's first game in charge of Manchester United, with the match ending in a 1-1 draw. Keane was spotted breaking away from the Sky Sports broadcast area while they were off-air and confronting the fan, with audio suggesting was offering to meet the fan in the car park after the game to continue their conversation. Keane's fellow pundit Jamie Redknapp followed the Irishman as he confronted the supporter, amid suggestions on social media that he faced plenty of criticism from Ipswich fans on his return to his old club. We need your consent to load this Social Media content. We use a number of different Social Media outlets to manage extra content that can set cookies on your device and collect data about your activity. This is not the first time Keane has faced aggression from fans while working for Sky Sports as back in June, Arsenal fan Scott Law was found guilty of common assault after he and pundit Keane clashed on September 3 last year. The fracas began when Keane and fellow Sky Sports pundit Micah Richards were walking to do the final match analysis after Arsenal’s 3-1 victory over Manchester United, the trial at Highbury Corner Magistrates’ Court heard. The former Republic of Ireland and Manchester United midfielder was headbutted through doors at the Emirates Stadium by Law, of Waltham Abbey, Essex. Law’s defence team said CCTV footage from inside the stadium, shown in court, displayed Keane elbowing the defendant in the face.