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Fire Guts 94 Shops in Yaba Market

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Yaba Market
  • Fire Guts 94 Shops in Yaba Market

An early morning fire yesterday razed a shopping complex, destroying 94 out of the 201 shops with goods worth billions of naira at the popular Yaba Market in Lagos, opposite the Presbyterian Church.

The fire was said to have started from one of the shop at the back side of the complex where cloths, shoes, bags were stored burnt.

It was also gathered that the fire exacerbated and spread to other shops because of some highly inflammable materials such as wears stored in the shops, as well as air conditioners and generators filled with fuel, which caused occasional explosions as the fire raged the shops.

This prompted the immediate activation of the Lagos State Emergency Management Agency’s (LASEMA) Emergency Response Team (ERT), as well as the Lagos State Fire Service from Ilupeju and Alausa Fire Station.

While the emergency team were battling to contain the flames, many shop owners were alerted and they tried to salvage some of their wares.

Meanwhile, some policemen were deployed from the Sabo and Adekunle Police Stations to deter some miscreants, who were lurking around, to loot goods.

Confirming the incident, LASEMA General Manager, Mr. Adesina Tiamiyu, who said no life was lost, also said they were involved in salvaging some items.

He said shops barricaded with iron bars were cut open using concrete cutter for the fire service to gain access to the affected areas and also prevent further escalation.

Tiamiyu said a total number of 117 shops were salvaged by the emergency responders even though the emergency responders also had problems accessing some of the shops due to iron bars used as security doors.

On the other hand, he advised market owners to ensure that their members are continuously sensitised on fire prevention and safety as well as ensuring that electrical appliances are put off daily after the close of business to avoid incident such as this.

In a similar development, another fire incident, occurred at no 83 Abeokuta Street, Ebute Metta, within the same period.

He said: “The agency along with the Lagos State Fire Service also responded to the fire outbreak at No. 83 Abeokuta Street Ebute Metta, on the same day.

“This prompted the immediate activation of the agency’s ERT to the scene of the incident. According to investigation they carried out at the scene the cause of the inferno remained unknown.

“However, further investigation conducted by the agency’s ERT revealed that the fire started from one of the rooms in the three bedroom flat of the first floor of the two storey building.

“No life was lost but two male adults who sustained minor injuries while trying to put out the fire and immediately treated by LASEMA Medical Team.

“The fire also destroyed some house hold materials in one of the room and the sitting room of the flat but was prevented from spreading to other part of the building by Lagos State Fire Service men.”

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 long experience in the global financial market.

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Seplat Appoints Emeka Onwuka as CFO, Executive Director

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Seplat Named Emeka Onwuka as CFO and Executive Director

Seplat Petroleum Development Company Plc has appointed Mr. Emeka Onwuka as the Chief Financial Officer (CFO) and Executive Director of Seplat, effective from August 1, 2020.

In the statement signed by Mrs. Edith Onwuchekwa, Company Secretary and Chief Governance Compliance Officer, and released through the Nigerian Stock Exchange, Mr. Onwuka has more than 30 years of experience in financial services within Sub-Saharan Africa.

“He has acted as the voice and face of major financial institutions in Nigeria as former Group Managing Director /CEO of Diamond Bank Plc and former Chairman of Enterprise Bank Limited. Mr Onwuka is a Partner at Andersen Tax Nigeria and holds various Board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria,” the Company stated.

“Mr Onwuka received his B.SC. in Political Science from the University of Nigeria, Nsukka and holds an MBA from the University of Benin. He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, a Fellow of Chartered Institute of Taxation of Nigeria. He has attended executive programs at the Lagos Business School, Wharton Business School and Harvard Business School.

“Mr. Onwuka holds the Nigerian National Honour, Officer of the Order of the Niger (OON). The Board of Seplat is confident that the wealth of knowledge and experience he brings will be a great addition to the Company.

“This announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules.”

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TAJBank Joins e-Commerce Giants- Launches Nigeria’s 1st Ethical Online Mall

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TaJBank E-commerce

TaJBank Launches Ethical Online Mall

Abuja Nigeria July 8th, 2020  Nigeria’s most innovative Non-Interest Bank, TAJBank, has announced the highly anticipated launch of TAJMall, the nation’s first ethical online shopping mall.

The highly anticipated launch of the e-commerce site, which held recently, is coming closely on the heels of the commencement of its Agency Banking Network which began in June across thirteen (13) states in the country.

To celebrate this milestone, the brand will be holding a week long TAJMall campaign from 6th – 11th July 2020 to sensitize and also reward its new customers to its platform.

“This is a great milestone as we present a fully customer focused e- commerce platform offering 100 percent authentic brands from highly vetted vendors. Our mission is to rebuild trust in the online shopping niche, hence the emphasis on our platform being an ethical shopping mall. We want to deliver on our promise and make this an enjoyable and safe experience not just for our customers, but also for our numerous trusted vendors as well,” said Founder/COO TAJBank, Hamid Joda.

“Our customers place absolute trust that goods will be delivered exactly as requested, and we do not take that trust lightly, he added.

The brand expressed commitment to continuously deploy technological tools on it’s new e- platform to maintain optimal customer service delivery and ensure shopping on TAJMall remains a productive and hassle free experience.

Customers who log onto the tajmall.ng platform (or download the app), will have the opportunity to enjoy massive price slashes, shopping coupons, free shipping and other incredible offers. The Bank also intends to offer financing to its customers who shop on the mall.

“Well beyond our exciting line up of activities, they are assured the highest level of value each time they make a purchase on TAJMall. Our marketing insights have shown that there is an increasing need to match the kind of variety in product offerings that customers yearn for with the exceptional shopping experience that may at times be lacking. We aim to make that an unmatched experience right from the moment our customers visit our mall to the receipt of their items,” affirmed Co-Founder/CMO, Mr Sherif Idi.

Customers shopping on TAJ Mall are guaranteed 100% authenticity, official warranties from the brands, and a 5 day return policy at no extra cost to the customer.

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Warren Buffet to Give Out Another $2.9bn, Total Donations Now $37bn

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Warren Buffett's Donations

Warren Buffet Gives Away $2.9bn, Total Donations Now $37bn

Oracle of Omaha, Warren Buffet, has announced his yearly charitable donations to the five philanthropies he picked to donate most of his fortune to.

The billionaire plans to give out 15.9 million class B shares of Berkshire Hathaway worth $2.9 billion to the five philanthropies. This will bring his total philanthropic donations to $37 billion since 2006.

Warren Buffett

Buffet, who has promised to give away about 99 percent of his fortune, still hold 248,734 Class A shares of Berkshire valued at around $67.5 billion.

However, before he began given out his shares, Oracle of Omaha held 474,998 Class A shares of Berkshire, which would have worth about $129 billion as of today.

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