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Oil Marketing Firm, Conoil Plc, to Disburse N1.73bn Dividends to Shareholders

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Nigerian petroleum marketing company, Conoil Plc says it will be paying a sum of N1.73 billion as dividend to its shareholders. This translates to N2.50 per share for the 2022 financial year.

This was disclosed in a statement issued by the firm over the weekend following its 53rd Annual General Meeting in Akwa Ibom State.

The firm reported 60.1 percent growth in profit before tax, from N3.83bn in 2021 to N6.13bn in 2022, while its profit after tax increased by 60 percent from N3.08bn to N4.96bn in the same period. The company’s gross earnings rose by 5.1 percent to N145.8bn for the 2022 financial year from N138.2bn in the corresponding period of 2021.

Also, it was reported that with the improvement in profitability in the premium-marketing subsector, Conoil’s earning per share rose to N7.14, representing a 60.8 percent increase over the N4.44 earned in 2021.

Shareholders at the company’s AGM unanimously approved the proposed final dividend payout of N1.73 billion.

Chairman, Conoil Plc, Mike Adenuga, while addressing stakeholders at the AGM, reiterated the commitment of Conoil to continue to deliver value to its shareholders, adding that the company’s share price remains on the rise.

His words: ‘’We have shown a consistent ability to improve our operating margin and grow our volumes across all our locations. We have a great brand portfolio with energized and talented personnel with a reach pan-Nigerian. Our overriding goal is to ensure the continued delivery of excellent services to our customers and ultimately ensure that our shareholders are rewarded.

‘’Conoil Plc plans to consolidate on the progress made in the previous years to deliver a strong and sustainable performance that enhances returns to our shareholders. Regardless of the odds, the company is marching forwards in the year with confidence and optimism, as it strategically and continuously positions its business to take advantage of key opportunities’’ Mr Adenuga said.

The conoil chairman also noted that while there might be challenges posed by the rapidly changing geopolitical and socio-economic environment, Conoil would however concentrate on the strategies that have given it the greatest dividend.

Mr Adenuga said the impacts of the recent critical reforms by the federal government such as the petrol-subsidy removal and floating of the exchange rate are evident but his company will not rest on its oars so it can continue to grow its earnings, improve profitability and asset quality and deliver competitive returns to its shareholders.

Nigeria Lags Behind South Africa And Kenya in Digital Life Quality

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In a recent Digital Quality of Life Index annual report, Africa’s most populous nation Nigeria lagged behind South Africa and Kenya in digital life quality ranking.

The latest ranking saw Nigeria ranked at the 88th position in the world, dropping two places downward compared to last year’s ranking.

The Digital Quality of Life Index annually ranks 121 countries by their digital well-being based on 5 core pillars.

Out of the five pillars, Nigeria performed average in Internet quality, claiming the 62nd spot, while Internet affordability was ranked 108th. Nigeria was ranked 73rd in insecurity, 88th in e-government, and 93rd in infrastructure.

In the overall index, Nigeria lagged behind South Africa (72nd) and Kenya (76th). The country was ranked 7th place in Africa, while South Africa emerged as the leader in the region.

Speaking on the ranking, Surf Shark’s spokeswoman, Gabriele Racaityte-Krasauke said,

“In many nations, digital quality of life has merged into the broader concept of overall quality of life. There is no other way to look at it now that so many daily activities, including work, education, and leisure are done online. That is why it is crucial to pinpoint the areas in which a nation’s digital quality of life thrives and where attention is needed, which is the precise purpose of the DQL Index”.

Nigeria is 73rd in the world in e-security – seven places lower than last year. The e-security pillar measures how well a country is prepared to counter cybercrime, as well as how advanced a country’s data protection laws are. In this pillar, Nigeria lags behind South Africa (72nd) and Kenya (65th), showing how unprepared the country is to fight against cybercrime.

On internet quality, Nigeria is just around the global average as the country’s fixed internet average is currently at 25 Mbps. Compared to South Africa, Nigeria’s mobile internet is 31% slower, while fixed broadband is 64%.

However, since last year, mobile internet speed in Nigeria has improved by 87%, while fixed broadband speed has grown by 33%.

While the Nigerian government has launched several initiatives aimed at accelerating the country’s digital transformation, there still exist several challenges that have negatively impacted the digital life quality in Nigeria.

One major challenge is that the internet in Nigeria is highly unaffordable, compared to other countries. Reports reveal that Nigerians have to work 35 hours 25 minutes a month to afford fixed broadband internet.

This has led to a significant digital divide in Nigeria with rural areas and some low-income urban communities having limited access to the internet and digital services.

Also, infrastructure constraints in the country such as challenges of unreliable power supply, inadequate internet infrastructure, and slow internet speeds have continued to hinder the quality of life for many Nigerians.

Improving the digital life quality in Nigeria is a multifaceted challenge that requires a combination of policies, investments, and initiatives aimed at expanding digital access, digital literacy, and the overall digital ecosystem.

It is worth noting that these process requires a long-term commitment and collaboration between the government and other stakeholders. Also, the government must adapt to evolving technologies and address emerging challenges in the digital landscape.

InQubeta’s Presale: Can $QUBE Outperform Bitcoin? Sign Up Token Offers Potential 7200% ROI After Presale

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InQubeta presale is making headlines after some analysts predicted that QUBE could outperform market leaders like Bitcoin (BTC), Binance Coin (BNB), and Ripple (XRP). This prediction may not be completely impossible if you consider Bitcoin’s recent decline. But these analysts have neglected to consider one competitor and its performance, Sign Up Token (SIGN). So, join us today as we discuss InQubeta’s presale, Bitcoin’s recent performance, and Sign Up Token’s unique approach and jaw-dropping 72x potential return on investment.

InQubeta’s Presale: Analysts Suggest QUBE May Outperform BTC

InQubeta (QUBE) is a visionary project reshaping AI fundraising through blockchain technology. Currently, in stage 2 of its presale, QUBE’s tokens are available at an enticing price of $0.0098 each. This presents an opportune moment for investors to get involved in a project that industry experts anticipate will deliver substantial gains by the end of the year.

One of the standout features of QUBE is its fractional NFT system, allowing investors to participate based on their individual budgets. This democratizes access to the project, empowering a broader range of individuals to invest in the future of AI fundraising.

With its innovative approach and market-wide support, QUBE’s groundbreaking presale has positioned it as a contender to surpass even well-established cryptocurrencies like Bitcoin. As the presale progresses and the vision of InQubeta gains momentum, QUBE’s potential to disrupt the AI fundraising landscape becomes increasingly evident.

Bitcoin Falls Under $29K

Bitcoin (BTC), the pioneering cryptocurrency, has undoubtedly enjoyed remarkable growth and popularity over the years. However, recent trends have revealed concerns about its returns for new investors. With prices briefly dipping below $29,000, some analysts believe that Bitcoin’s rapid ascent may not translate into the same extraordinary returns for those entering the market at this juncture.

Despite the diminishing returns, Bitcoin’s allure as a secure long-term investment remains intact. Its position as the leading digital currency and its widespread adoption continues to bolster its value. As the crypto market matures, it is natural for the astronomical returns witnessed in its early days to stabilize.

With that said, the emergence of projects like Signuptoken.com and QUBE, with their unique features and promising potential, pose exciting opportunities for investors seeking the next big thing. While Bitcoin remains a stalwart in the cryptocurrency landscape, diversifying one’s portfolio to include newer and innovative projects is a prudent strategy for those looking to maximize their investment gains.

Sign Up Token’s Presale May Outpace InQubeta’s With 72x Potential ROI

Signuptoken.com (SIGN) stands out with its innovative approach to community-building. By offering a zero-cost alternative to the traditional presale model, Sign Up Token has garnered a significant following of at least 7000 people. To join the community for free, you can visit the project’s website and register your email address as a sign of interest in the project. Once one million subscribers join, the tokens will be released on swap sites, granting early supporters an exclusive opportunity to purchase before the public.

The platform’s referral program is another highlight. After investing in the presale, users can generate custom referral codes to share, earning commissions when others use the codes for purchases. This referral program is not only a method of incentivizing organic community growth but also a possible source of side income when shared widely enough.

At the moment, $SIGN tokens are available for $0,01 per token; after launch, however, tokens will be priced at $0.72 per token, which means a potential ROI of 7200%. The project further demonstrates its community-focused approach with its tokenomics; 60% will be dedicated to the presale, 20% to community rewards, 15% to exchanges, and a modest 5% to the team. The combination of this jaw-dropping ROI and impressive tokenomics make Sign Up Token an unmissable opportunity.

InQubeta’s presale demonstrates the capabilities of presale projects and the market’s hunger for innovation. Sign Up Token’s presale is well-positioned to possibly achieve the same acclaim as InQubeta’s presale, thanks to its 72x ROI and referral rewards. As Bitcoin declines, investors turn their attention to altcoins and newer coins like $SIGN and $QUBE. Don’t miss out on the opportunity to become a member of this quickly-growing community by visiting Signuptoken.com and registering your email address.

 

Signuptoken.com: Join The Millionaires’ Club!

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

Only 12% Managed To Avoid The Negative Shiba Inu Volatility; Make Sure You Don’t Get Affected With FLOKI, ETH & BIGINF

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With the unveiling of the sombre truth about the Shiba Inu volatility, a shadow has been cast over the entire market. As most fear for their investments to remain profitable, let’s delve deeper into the crypto ocean and explore the best options in this dire time.

Bringing more than just a glimmer of optimism, Floki Inu (FLOKI), Ethereum (ETH) and Big Eyes Infinity (BIGINF) are shining bright, lighting up the crypto cosmos. But with its presale status and countless P2E opportunities, will BIGINF’s sparkle dim the rest?

The Shiba Inu Volatility Ride Is a Dangerous One to Get on

Once affectionately named the “Dogecoin killer”, Shiba Inu has recently plunged below the $0.8 resistance level, sending terror waves through meme coin communities. Adding to the stress, a recent study revealed that only 12% of SHIB holders enjoy profits, casting doubt over the market and questioning Shiba Inu’s reliability. Amidst the factors contributing to SHIB’s low crypto returns, the overflowing dog-themed coin market and its lack of basic utility are the most prominent ones.

Vikings and The Floki Inu Utility Saved The Day

As we watch the Shiba Inu volatility concerns take over the crypto space, another canine-themed asset presents a unique opportunity. Striving to transcend the pitfalls commonly associated with meme coins, Floki Inu created the Valhalla, a blockchain metaverse where users can interact, explore the fascinating GameFi world, and, most of all, enjoy the profitable play-to-earn incentives.

Adding its own spin on the impressive Floki Inu utility, Big Eyes Infinity took a leap of faith, creating a space where gambling and safety go together. In the innovative 819Casino, investors can enjoy over 5000 P2E games, all carefully curated to bring as much joy and profits as possible. And listen, we haven’t even gotten to the best part yet. While in presale, all BIGINF tokens purchased will be doubled, going straight into the user’s 819Casino account. While the Shiba Inu volatility is causing distress and panic, this 2-for-1 offer feels like seeing the first rays of sunshine after a storm.

The Unyielding Titan in The Crypto Ether

Offering a sense of security, Ethereum stands tall amidst the crypto chaos. There’s more than one Ethereum use case for this asset, and that utility made it stand the test of time. ETH has fueled DeFi, NFTs, decentralised apps and smart contracts, presenting real-world value that goes beyond just investing. Shifting from a PoW to a PoS consensus mechanism created yet another Ethereum use case, fostering a more energy-efficient and eco-friendly ecosystem.

<< More About The Big Eyes Infinity Presale >>

Taking the Shiba Inu volatility case as a valuable lesson, Big Eyes has put emphasis on providing practical and profitable solutions, making the meme coin realm about more than just entertainment. Of course, the fun aspect wasn’t forgotten, and that’s how the 819Casino has been born. Making BIGINF the fueling token of this gaming centre was the real power move; as soon as the casino gains traction, BIGINF will surge to tremendous heights.

High Crypto Returns & Low Risks, Only With BIGINF

Armouring its community with some serious risk protection solutions, Big Eyes Infinity emerged as a saviour amidst a bloody battle. BIGINF, embarking on a mission to rectify past missteps and enhance transparency, has opted to airdrop tokens to the rightful owners, eliminating the intricacies of claiming processes. On top of that, the 150% price increase guarantee is like a lifebuoy in a stormy sea, promising nothing but gains and happiness.

The expedition through the Shiba inu volatility journey has been nothing short of turbulent, with those who dared to ride the SHIB wave thinking all hope was lost. While that story’s epilogue remains unwritten, FLOKI, ETH and BIGINF entered this shaky market, offering a gateway into security and utility. Mixing the cat appeal, world-class practicality and play-to-earn opportunities, Big Eyes Infinity shines the brightest, opening the doors to the 1000x potential for crypto returns. It’s time to step right through it!

 

Big Eyes Infinity (BIGINF):

Presale: https://buy1.bigeyes.space/

Website: https://bigeyes.space/

Telegram: Contact@BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

Ethereum ETF Wave: Unveiling DogeMiyagi’s Unique Potential Amid Bitcoin And Ethereum Comparison

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The Ethereum ETF wave is surging, captivating the attention of Ethereum (ETH) and Bitcoin (BTC) followers, as well as crypto enthusiasts eager to decipher its implications. In this article, we look into the intricacies of this development, comparing the potential impact of Bitcoin and Ethereum ETFs.

Moreover, we unveil DogeMiyagi (MIYAGI), a project built on Ethereum, and shed light on how it stands to benefit from the heightened focus on the cryptocurrency realm. As we explore the unfolding narrative, we’ll unravel the distinctiveness of DogeMiyagi’s ERC-20 token and its innovative features like the Killer Swap Machine and NFT integration.

Ethereum ETF Applications

Amidst the Ethereum ETF frenzy, a flurry of applications has swept through the crypto landscape. Notably, ProShares, a prominent fund manager, submitted four ETF proposals for Ether-based investments, including strategies involving Bitcoin futures. As these applications pour in, the imminent question arises: How will these ETFs affect the realm of cryptocurrencies and projects like DogeMiyagi?

The surge in Ethereum ETF applications aligns with a broader trend of asset managers seeking cryptocurrency ETFs, signalling a potential shift in crypto investment dynamics. The outcome of the SEC’s decision holds the power to reshape the appeal of crypto investments, especially for institutional players. Analysts predict the launch of the first Ether ETF, with potential implications for the market.

Comparing Bitcoin And Ethereum ETFs

Bitcoin and Ethereum, two giants of the cryptocurrency realm, hold distinct roles and mechanisms. While Bitcoin originally aimed to revolutionise payments and value storage, Ethereum’s visionary creation of a decentralised computing network birthed the DeFi space. The transition from proof of work to proof of stake highlights Ethereum’s commitment to energy efficiency and innovation.

Beyond their consensus mechanisms, these cryptocurrencies differ in purpose and functionality. Bitcoin’s volatility, coupled with Ethereum’s upcoming Ethereum 2.0 upgrade, creates a dynamic landscape for investors and enthusiasts alike. Notably, Ethereum’s recent price rally, driven by its impending shift to proof of stake, has generated positive market sentiment and upward price movement.

DogeMiyagi’s Unique Allure

At the heart of the cryptocurrency landscape, DogeMiyagi emerges as a captivating fusion of charm and spirit, akin to the marriage of Dogecoin’s appeal and Mr. Miyagi’s wisdom from “The Karate Kid.” As a meme coin, DogeMiyagi doesn’t merely attract investors; it fosters a vibrant and engaged community. The project’s dynamic referral scheme fosters camaraderie and active participation, while its commitment to charitable causes cements its position as a trustworthy and purpose-driven ecosystem.

DogeMiyagi’s foray into NFT designs during Phase 5 further amplifies its market potential, offering investors diverse avenues for growth and creativity. Its innovative strategies, such as unique referral codes and generous community commissions, propel its momentum and broaden its horizons. Through an ingenious token burn strategy, symbolising key milestones from the Karate Kid movies, DogeMiyagi confidently speeds forward, offering a unique experience that preserves its nostalgic charm.

MIYAGI And ETF

In the grand tapestry of the cryptocurrency universe, the Ethereum ETF wave surges, bearing implications for DogeMiyagi, Bitcoin, and Ethereum. As we traverse the complexities of this wave, DogeMiyagi stands as a shining example of innovation and potential. Its fusion of memes, martial arts nostalgia, and community-driven features positions it uniquely within the landscape.

DogeMiyagi’s commitment to preserving its nostalgic charm, fostering community engagement, and delivering on promises of exclusive rewards solidify its trajectory. As we navigate the unfolding chapters of this narrative, one thing remains clear: the world of cryptocurrencies is ever-evolving, and DogeMiyagi confidently beckons investors to seize the opportunity. Invest in the DogeMiyagi presale and set out on a journey of unparalleled experiences and rewards.

 

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi