In this videocast, I discuss why Donald Trump is a world-class customer experience strategist who will do everything to satisfy his customers (his political base). When he does this (to his base voter segment), he understands that they are big enough to deliver a win. Every other person, not in that base, will not understand him, and he does not care. But people in the segment applaud him. He is fanatical in his relationship with his customers (the Trump voters) and can throw the world under the bus (like exiting the Paris Climate Agreement) to make them happy. You need someone like Donald Trump in your executive management with instincts to know what your customers want. He is a deal and you must work to understand his mind.
U.S. exited the Paris Climate Deal, a global efforts to deal with the challenges of global warming, yesterday. This will have sever challenges to Nigeria;s economy. The impact is already being felt in the markets.
Oil prices tumbled below $50 on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply.
Global benchmark Brent crude futures was down 1.7 percent, or 80 cents, at $49.75 a barrel, as of 0725 GMT.
U.S. West Texas Intermediate crude CLc1 futures dropped 87 cents, or 1.81 percent, to $47.46 per barrel.
Commodity markets were absorbing news the United States would withdraw from the landmark 2015 global agreement to fight climate change, a move that fulfilled a major campaign pledge but drew condemnation from U.S. allies.
The impact is that OPEC will largely be irrelevant as U.S. drillers will pump without any environmental concern which will help reduce their production cost.
Surging U.S. production has put a strain on OPEC members’ efforts to curb production to drain a global crude supply overhang.
A week ago, the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC members met in Vienna to roll over an output cut deal to reduce 1.8 million barrels per day (bpd) until the end of next March.
Oil prices are down some 7.5 percent since OPEC’s May 25 decision to extend the cuts.
In this videocast, I discuss why the Video-on-Demand market in Africa is growing and appealing. As the continent welcomes new players, locally and internationally, the competition will accelerate. Winning will involve many factors including the ability to price competitively, develop efficient compression algorithms to reduce cost of broadband, and provision of quality local contents. Investors in this sector must have long-term perspectives.
Initial coin offering through which companies sell cryptocurrency tokens to their supporters as a method of crowdfunding is really hot. On Wednesday, Brave, a startup, launched a coin offering to fund a new web browser and raised the equivalent of $35 million in about 30 seconds, according to CoinDesk.
Brave, the upstart web browser founded by Mozilla co-founder Brendan Eich, completed an initial coin offering (ICO) today that is likely to be distinguished for its speed and earnings.
Overall, the sale for Brave’s ethereum-based Basic Attention Token (BAT) generated about $35m and was sold out within blocks, or under 30 seconds. One buyer went so far as to purchase 20,000 ETH (or about $4.7m) worth of tokens – designed to monetize online attention and create a new revenue source for publishers.
Initial coin offerings are seen by some as an alternative to traditional share offerings. Instead of equity, backers get tokens that can be converted into units of a crypto-currency like bitcoin or Ethereum. Crypto-currencies generate value through mining which involves the computation of complex mathematical formulas.
