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EON ONE MK2 provides unrivaled fidelity and flexibility

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You’ll need a good sound system if you’re a musician, DJ, venue owner, or event planner. Otherwise, no matter how compelling your performances or presentations are, they will be ignored. To put it another way, if people can’t understand you, they will become bored.

You’ve already lost them when they become bored.

This is why JBL was created. JBL’s gear has a well-deserved reputation for quality and fidelity, and artists and sound engineers worldwide rely on it. With a best-in-class acoustic package and a wealth of additional features and controls, the newly released JBL-EON ONE MK2 Column PA more than lives up to that reputation.

(Image credit: Harman)

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The JBL EON ONE MK2 is a battery-powered speaker with built-in storage for its compact PA components. It also doesn’t make any compromises in terms of performance or quality in exchange for its portability.

When you turn on the system, high-fidelity wide dispersion sound up to 123 dB (119 on bаttery) аnd nаturаl, smooth low-frequency sound down to 37 hZ will dаzzle your аudience.

All of this is thаnks to а built-in 1500 wаtt аmplifier thаt powers а 10-inch woofer housed in аn аcoustic cаbinet аnd а geometricаlly optimized C-shаped 8-tweeter аrrаy.

As if thаt wаsn’t enough, the EON ONE MK2 аlso includes а slew of pro-level feаtures, including:

Automаtic feedbаck suppressionEight bаnds of pаrаmetric EQAn extensive, user-friendly preset list Two 48V phаntom power chаnnels for microphone connectivityA 5-chаnnel digitаl mixer with Soundcrаft Eаsy Ducking Bluetooth аudio streаmingA comprehensive suite of professionаl-grаde Lexicon DSP, including reverb, chorus, аnd delаy

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Thаt mаy seem overwhelming to а beginner, but there’s more good news. JBL hаs included а triple-tier DSP thаt аllows you to seаmlessly switch between beginner, intermediаte, аnd аdvаnced controls, аllowing you to get аs deep into your sound аs you wаnt while still getting everything through loud аnd cleаr.

The new JBL PA аlso hаs а full-color LCD screen thаt аllows for fine-grаined control of аll pаrаmeters. A Simple Success LED аlso shows meters аnd mixer functions like clipping, mute, аnd signаl detection. Finаlly, there’s а set of fixed knobs on the PA’s exterior if you need quick аccess to the onboаrd EQ.

(Imаge credit: Hаrmаn)

The bаttery in the EON ONE MK2 cаn lаst up to 6 hours when fully chаrged. It’s аlso built into the unit’s column spаcer, which is аn аdded bonus. This improves both stаbility аnd аcoustics while аlso mаking it eаsier to swаp the bаttery in аnd out.

Lаst but not leаst, thаnks to Bluetooth 5.0, the JBL Pro Connect mobile аpp аllows you to mаnаge аnd configure up to ten speаkers аt once. JBL Pro Connect, which is аvаilаble on Android аnd iOS, аllows you to mаnаge multiple workflows in а seаmless mаnner. Snаpshots аnd tаp tempo аre аmong the extrа feаtures аvаilаble.

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High-grаde. Trustworthiness The аbility to chаnge direction quickly. From buskers to educаtors, these аre аll essentiаl skills for аnyone working with sound.

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FG targets 2.1 million barrels of daily production by December 2024

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FG targets 2.1 million barrels of daily production by December 2024

The federal government has revealed its goal of growing Nigerian oil production to 2.1 million barrels a day by December 2024.

President Bola Ahmed Tinubu, whom Kashim Shettima, the vice president, represented, gave the revelation in his address at the ongoing 3rd Edition of ‘THE AFRICA NATURAL RESOURCES AND ENERGY INVESTMENT SUMMIT (AFNIS), 2024, in Abuja.

 

Also read: FG offers 17 new oil blocks for bidding

 

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The investment summit is attended by Ministers of Solid Minerals and Oil and Gas from Mali, South Sudan, Liberia, Chad, and Nigeria.

According to Shettima, ’Our goal is to attract more investment in the oil and gas industry and grow our oil production to 2.1 million barrels a day by December 2024. Furthermore, we will invest in our midstream and downstream infrastructure, tackle theft, and hold developers to account to the highest environmental standards.”.

The Vice President stated that for Africa to realise its full potential and meet global climate targets fully, it must put collaboration at the forefront of their collective national transition plans.

He promised that the present administration will continue to work with the international community and our African neighbours to initiate and develop cross-border infrastructure systems that will allow goods and services to move easily across Africa and fully harness the potential of the African Free Trade Continental Agreement. It should not be easier to transport natural gas from Nigeria to the far east than to North Africa.

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Meanwhile, restating Bola Ahmed Tinubu’s commitment to elevating Nigeria’s critical mineral resource wealth to create a more prosperous and environmentally conscious future, he said, “A continent that has 40 percent of the world’s gold, 90 percent of its chromium and platinum, and the largest reserves of cobalt, uranium, and diamonds must re-organise and maximise these humongous resources to banish poverty, end illiteracy, and score higher on the Human Development Index.

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“Our administration, in the tradition of continental leadership that Nigeria has established, is at the forefront of the efforts to make our natural resources serve the people of Africa. Our advocacy for value addition in the mining sector is the result of deep introspection and technical diagnosis.

“We intend to elevate Nigeria’s critical mineral resource wealth from potential to reality, creating a prosperous, resilient, and environmentally conscious future.

“This administration wants to make Nigeria a leader in critical metals, and I welcome the establishment of the African Minerals Strategy Group with our Minister as the first chairman of this initiative. We aim to set new standards in the mining industry and to make sure that Africa gets an equitable slice in supplying the world with critical metals.

Moreover, we also acknowledge that at the core of all our decisions on harnessing the abundant natural resources of our dear continent is the safeguarding of the environment and local communities. We are the custodians of the offices we now hold and the land that we inherit. We must strive to avoid the mistakes of the past, where environmental considerations were superseded by economic gains.

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In his remarks, Dele Alake, the minister of solid mineral development who is also the chairman of the African Minerals Strategic Group, noted that the summit was a significant milestone towards harnessing Africa’s vast natural resources for sustainable economic development.

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Highlighting Nigeria’s leadership role in the newly established Africa Minerals Strategy Group, he said, “As the first chairman of this initiative, I am dedicated to setting new standards in the mining industry and ensuring that Africa secures an equitable share in supplying the world with critical minerals.

“This initiative will drive economic growth, promote sustainable practices, and foster international collaboration in the mining sector. AFNIS 2024 provides a unique opportunity to forge partnerships and attract investments that will drive the development of Africa’s natural resources.

Alake assured that the group was committed to creating a business-friendly environment that encourages foreign direct investment and fosters mutually beneficial collaborations. By leveraging global expertise, technology, and capital, we can transform our natural resources into a catalyst for sustainable development. Through robust corporate social responsibility initiatives and proactive community engagement, our goal is to empower communities and foster inclusive development.

He added that the commitment is reinforced by the recent revision of the Community Development Agreement (CDA), which he initiated shortly after assuming office.

“This updated framework ensures that local communities are integral partners in mining ventures, safeguarding their interests and ensuring direct participation in and benefits from resource extraction projects. The CDA exemplifies our unwavering dedication to sustainable development, transparency, and the enduring prosperity of all communities involved,” he added.

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Under the Renewed Hope Agenda championed by His Excellency President Bola Ahmed Tinubu, GCFR, we are committed to transforming Nigeria’s solid minerals sector into a cornerstone of our nation’s economic diversification strategy. Our approach is multifaceted, focusing on policy reforms, sustainable practices, infrastructure development, and human capital enhancement.

“We are currently implementing comprehensive reforms that will create a conducive environment for investment in the solid minerals sector. These reforms aim to enhance transparency, regulatory clarity, and investor confidence, fostering a competitive and thriving industry,” he said.

Alake maintained that “our goal is to ensure that mining activities contribute positively to the economy while safeguarding the environment and enhancing the well-being of local communities, reflecting the ethos of the Renewed Hope Agenda. Recognising the critical role of infrastructure in enabling mining activities, we’ll encourage investments in key projects, including transportation, power supply, and technological advancements.

Alake reiterated the importance of collaboration and shared commitment in achieving the goals set forth at the summit. The journey ahead is filled with opportunities and challenges, but with unity, determination, and innovation, we can transform Africa’s natural resources into a catalyst for sustainable development and inclusive growth.” He said

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Petrol landing cost now N1,117/litre – Marketers

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Petrol landing cost now N1,117/litre – Marketers

The landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024, the Major Energies Marketers Association of Nigeria announced on Wednesday.

MEMAN disclosed this during a webinar with journalists on Wednesday.

 

Also read: Dangote Refinery on track for July petrol supply – Official

 

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The association revealed that the landing cost of diesel was N1,157/litre, while that of aviation fuel was N1,127/litre.

Theheute reports that the N1,117 landing cost of petrol is far above the pump price of the product in Nigeria.

At the moment, filling stations operated by the Nigerian National Petroleum Company Limited and those of the major marketers sell PMS at between N617/litre and N660/litre, while independent marketers sell for N700/litre or more.

NNPC, the sole importer of petrol into Nigeria, has consistently denied subsidising the cost of PMS but refused to disclose the landing cost of the product.

Our correspondent reports that the revelation from MEMAN is almost the first from marketers in the industry as the landing cost appears to have been shrouded in secrecy by the importer of PMS.

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MEMAN’s Executive Secretary, Clement Isong, said the costs were obtained from independent energy price benchmark providers.

The association maintained that it would release similar information regularly to keep the masses informed.

Recently, independent oil marketers accused private depot owners of hiking the ex-depot price of petrol from N630 to N720/litre.

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An expert in the energy sector, Prof Wumi Iledare, told our correspondent in an interview that the cost of PMS in Nigeria was far below the international price, considering the price of diesel.

“The gap between the cost of diesel and petrol in Nigeria is much. It is never like that all over the world. That means something is wrong.

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“I don’t know if NNPC is paying subsidies or not, but somebody is absorbing the difference. You can call it under-recovery or subsidy, but the price of petrol today does not reflect the market cost of producing a litre of petrol,” he disclosed.

Iledare added that with the current exchange rate, the price of petrol should not be less than 80 per cent of the price of diesel.

Corroborating this, a Professor of Economics at the University of Ibadan and President of the Nigerian Economics Society, Adeola Adenikinju, said, “The current price of PMS is being subsidised by the government. The government buys at higher rates and sells to us at subsidised rates. That is what they call under-recovery.”

The International Monetary Fund recently warned the Nigerian government to remove what it called implicit fuel and electricity subsidies.

In a report published recently by the IMF, the organisation told Nigeria that the subsidies would guzzle three per cent of the nation’s Gross Domestic Product in 2024 as against one per cent in the year before.

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President Bola Tinubu declared the removal of fuel subsidies during his inauguration on May 29, 2023.

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IMF noted, however, that “adequate compensatory measures for the poor were not scaled up promptly and subsequently paused over corruption concerns. Capping pump prices below cost reintroduced implicit subsidies by end-2023 to help Nigerians cope with high inflation and exchange rate depreciation.”

However, the NNPC and the Federal Government have vehemently denied subsidising the current price of PMS

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NNPCL: Why we limited our investment in Dangote Refinery to 7.5%

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NNPCL: Why we limited our investment in Dangote Refinery to 7.5%

The Nigerian National Petroleum Company Limited (NNPCL) has explained why it limited its equity in the over $20 billion Dangote Refinery to 7.5 per cent instead of the 20 per cent widely speculated.

The Chairman of Dangote Group, Aliko Dangote told journalists on Sunda that NNPCL no longer owns a 20 per cent stake in theRefinery.

 

Also read: NNPCL denies adjusting fuel pump prices

 

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Dangote said this was because NNPCL failed to pay the balance of their share, which was due in June.

“NNPC no longer owns a 20 per cent stake in the Dangote refinery. They were meant to pay their balance in June, but have yet to fulfil the obligations. Now, they only own a 7.2% stake in the refinery,” Dangote said.

However, in a statement by its Chief Corporate Communications Officer, Femi Soneye, on Sunday, NNPCL said its decision to reduce its investment in the refinery was well thought out.

The company added that it informed Dangote of its decision to cap its investment in the refinery many months ago

NNPCL said, “Several months ago, we made a commercial decision to cap our investment at the amount already paid. This decision was taken by NNPC Ltd and has no impact on our business.”

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“NNPC Limited periodically assesses its investment portfolio to ensure alignment with the company’s strategic goals,” said a spokesman for the company.

“The decision to cap its equity participation at the paid-up sum was made and communicated to Dangote Refinery several months ago,

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Meanwhile, Dangote has described the completion of the refinery as another milestone for Dangote Industries Ltd.

“It is the largest single train refinery in the world with 650,000 barrels per day refining capacity,

“It marks the attainment of self-sufficiency in domestic refining of petroleum products and provides excess capacity in refined products which will go for the export market,’’ the industrialist said.

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He noted that Dangote Industries Ltd. wanted to make sure that apart from domestic sales of its products, it would export the excess.

He mentioned that for three consecutive times, the refinery had been able to bring the price of diesel below N1,100 per litre.

The industrialist noted that it was projected that the exportation of cement alone would fetch the conglomerate 325 million dollars annually.

He said that plans were also underway to add nine million tonnes of capacity to the cement industry by Dangote Cement Plc.

He pointed out that the conglomerate had the only cement company in Africa using robots.

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Dangote advised Nigerians not just to acquire and store wealth but to invest in the country to encourage foreign investors to do the same.

He, however, advised that to get the economy on a more sound footing, Nigerian businessmen should not be import-dependent.

According to him, import dependency will impoverish the nation and turn the nation into a dumping ground.

“It is better to manufacture and grow the economy. If we allow imports so much, we may not be able to compete with other nations,’’ Dangote said.

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