Connect with us

Business

COVID-19: Buhari Lauds Dangote, Otedola, Others

Published

on

  • COVID-19: Buhari Lauds Dangote, Otedola, Others

President Muhammadu Buhari on Friday lauded the efforts of industrialists and the entire private sector as the nation strives to curtail the spread of COVID-19.

In a series of tweets put out through @NGRPresident handle, the president salutes the public-spiritedness of wealthy Nigerians and organisations for standing up to battle against the coronavirus pandemic.

Buhari commends members of the “Nigerian Private Sector Coalition Against #Covid19, made up of people like @AlikoDangote, Abdulsamad Rabiu of BUA Group, @realFemiOtedola, @TonyOElumelu, @HerbertOWigwe, Segun Agbaje & Jim Ovia of UBA, Access, GT, & Zenith Banks, respectively for contributing N1 billion each, and being in the vanguard of encouraging others in the private sector to do same.”

While at the same time praising the United Bank for Africa Group for donating N5 billion, former Vice President, Atiku Abubakar, for pledging N50 million, First Bank immense partnership with government and the United Nations technological innovation to provide e-learning solutions to one million children.

The President said: “@UBAGroup has equally donated the sum of N5 billion to Nigeria and Africa, former Vice President @atiku has pledged N50 million, while @FirstBankngr is partnering with government, the @UN, and innovative technological firms to provide e-learning solutions to at least one million children under its ‘Keep Them Engaged, Keep Them Safe’ initiative.”

The President extols every other helping hand that has been lent by individuals, groups and organizations, which may not necessarily be in the public domain, noting that God who sees all things will abundantly recompense.

Buhari, however, recommends these laudable strides to other high net-worth Nigerians and organizations, stressing that hand in hand, the country will overcome the challenges brought by the pandemic, and chart a new course in nationalism and brotherhood.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Business

MTN Nigeria, Gameloft Partner to Increase Access to Variety of Exciting Games

Published

on

MTN 1

MTN Nigeria announced it has partnered with Gameloft, a leader in the development and publishing of games, to increase access to a variety of fun and exciting games online.

The telecommunications giant in collaboration with its new partner, Gameloft announced the launch of MTN Gameworld, a new gaming platform for its subscribers.

According to MTN, the new platform will allow the Nigerian growing gaming community access to a lot of unique games online through an extensive premium catalogue from Gameloft and other renowned publishers.

Commenting on the partnership, Srinivas Rao, the Chief Digital Officer, MTN Nigeria, said, “We are constantly seeking to deliver innovative products that support the aspirations of our customers, whilst delivering superior user experience. This partnership allows us to provide our customers with access to a variety of exhilarating games from Gameloft and other leading publishers at an affordable rate.”

MTN Gameworld will allow subscribed customers access to a variety of games, which they can play at subsidised data rates through the MTN Gameworld app. Android, iOS and Windows phone users can subscribe via SMS, app, web, USSD menu (*447#), 131 USSD menu and any other MTN customer channel.

Continue Reading

Business

President Buhari Commissions 5,000bpd Modular Refinery Built in Imo State

Published

on

President Buhari

President Muhammadu Buhari on Tuesday commissioned the 5,000 barrels per day modular refinery built by Waltersmith Group in Imo State.

President Buhari, who commissioned the new modular refinery virtually, said the refinery will enable Nigeria to export petroleum products to neighbouring countries and other markets.

The 5,000 barrels per day Waltersmith Modular Refinery is the first phase of 50,000 barrels per day combined capacity plant planned for Imo State, according to the Group.

Buhari commended Waltersmith Group, an indigenous oil firm, and the Nigerian Content Development and Monitoring Board for the collaboration that led to the actualisation of the modular refinery.

President Buhari, therefore, directed the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation, the Department of Petroleum Resources and all other relevant government agencies to provide Waltersmith all the necessary support in terms of access to crude oil and condensate feedstock.

Buhari said, “We rolled out our refining roadmap in 2018, to address challenges in the downstream sector. After many years of government giving out modular refining licences without any coming on-stream, we are today seeing a commissioning within two years.

“The plan to commence the expansion of this refinery to 50,000bpd capacity, to refine crude oil and condensate, is a demonstration of the economic reform Nigeria is undergoing.

“The realisation of the refinery roadmap will ultimately lead us to becoming a net exporter of petroleum products, not only to our neighbouring countries but to other wide markets,” he said.

Continue Reading

Business

Elon Musk Net Worth Jumps by $100 Billion this Year to Topple Bill Gates, Mark Zuckerberg, Others 

Published

on

Tesla earnings

Elon Musk, the Chief Executive Officer and founder of Tesla, is now the world’s second-richest person following another surge in the price of Tesla share.

Musk total net worth jumped by $7.6 billion to $110 billion between November 16 and 17 to dethrone Facebook founder, Mark Zuckerberg, from the third position.

Since then, Tesla stock has been on a bullish run and in the last 24 hours added $7.24 billion to Elon Musk’s total net worth, according to Bloomberg Billionaire Index. Bringing the billionaire’s total net worth to $128 billion.

Elon Musk’s net worth rose from just $28 billion in January 2020 to $128 billion on November 24, 2020, representing an increase of $100 billion, the highest by any billionaire.

Musk has finally toppled Bill Gates as the second richest person and for the first time, Bill Gates is the third richest man in the world. This is the first time in almost 40 years that Gates will be in the third position.

Billionaires listed on Bloomberg Index have collectively gained $1.3 trillion this year.

Continue Reading

Trending