Obedient Elders Criticize Tinubu for Being Out of Touch During Protest.
The Delta Obedient Elders’ Council has criticized President Bola Tinubu for being disconnected from the realities faced by Nigerians, especially amid ongoing #EndBadGovernance protests. In a statement, the Council accused Tinubu of delivering an “insensitive speech” that failed to address the pressing issues raised by the protests.
The Council’s Chairman, Chris Biose, and Secretary, Solomon Akeni, expressed disappointment that Tinubu’s address did not offer new policy measures or solutions to the problems highlighted by the protesters. They also criticized the President for not addressing critical issues such as the violence against farmers by armed herdsmen, economic mismanagement, and the lack of accountability in his administration.
The statement emphasized that Tinubu’s speech neglected to mention severe issues like oil thefts and police brutality, further illustrating his detachment from the country’s pressing problems. The Council also pointed out that Tinubu’s lack of focus on systemic reforms and regional issues, particularly those affecting the Niger Delta, underscores a broader failure to address the country’s deep-seated challenges.
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PDP mocks APC and Okpebholo for failing to articulate a manifesto
The Peoples Democratic Party (PDP) has criticized the All Progressives Congress (APC) and its candidate, Senator Monday Okpebholo, ahead of the upcoming Edo State Governorship Election on September 21. The PDP accused Okpebholo of failing to present a clear and purposeful campaign manifesto, unlike their own candidate, Dr. Asue Ighodalo, who they claim is actively engaging with the electorate on key issues.
In a statement, PDP’s National Publicity Secretary, Debo Ologunagba, mocked Okpebholo for being disconnected from the voters due to his lack of ideas and understanding of governance. The PDP highlighted that while Ighodalo is presenting a development-focused manifesto, Okpebholo has not been able to inspire or connect with the people of Edo State.
The statement also criticized Okpebholo for his quiet presence in the Senate, claiming that he has not contributed to any significant development projects in Edo State. The PDP attributed the APC’s struggling campaign to Okpebholo’s lack of capacity and ideas, which they believe has led to the party’s reliance on smear tactics and instigation of violence.
The PDP asserts that their candidate, Ighodalo, is far better suited to meet the needs and aspirations of the people of Edo State, and that the APC’s campaign is faltering due to the shortcomings of their candidate.
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Hunger protest: Tinubu’s govt. has adopted propaganda as state policy – Atiku
Atiku: Tinubu’s Government Uses Propaganda as State Policy Amid Hunger Protests.
Atiku Abubakar’s media team criticized the media handlers of President Bola Tinubu, accusing them of misleading Nigerians by using propaganda as a state policy. The controversy began when President Tinubu’s official social media account posted an old video clip of him appealing for calm amid ongoing #EndBadGovernance protests. The video, initially presented as a recent message, was later revealed by presidential spokesman Bayo Onanuga to be from a previous year.
Atiku’s Media Adviser, Paul Ibe, condemned the act, stating that it was a deliberate attempt to deceive Nigerians and distract them from the president’s poorly received national broadcast on the protests. Ibe highlighted this incident as indicative of the Tinubu administration’s reliance on propaganda, describing it as a “shameless” tactic that undermines public trust.
He argued that the use of an outdated video was not just a mistake but a reflection of the presidency’s broader approach to governance—characterized by misinformation, policy inconsistencies, and a lack of credibility. Ibe called for an apology from the Tinubu administration, emphasizing that such deceptive practices contribute to the erosion of confidence in the government and exacerbate the ongoing issues of poor governance in the country.
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Dangote Refinery Faces Crude Supply Hurdles, Attributes Issues to NUPRC.
Dangote Refinery, Africa’s largest oil refinery, has reiterated its ongoing struggle to secure sufficient crude oil supply for its operations. Despite claims of increased allocations from the Nigerian National Petroleum Company (NNPC), the refinery continues to face challenges, with the blame directed at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
In a statement issued by Anthony Chiejina, Chief Branding and Communications Officer of Dangote Group, the primary issue lies with NUPRC’s alleged failure to enforce the domestic crude supply obligation. While the NNPC has provided some crude, the volume remains well below what the refinery requires. Dangote has been unable to secure the remaining supply from both the NNPC and International Oil Companies (IOCs).
The refinery’s September requirement is 15 cargoes, but only six have been allocated by the NNPC. Appeals to NUPRC for additional cargoes have been unsuccessful. Furthermore, attempts to procure crude from IOCs have been met with redirection to their international trading arms or refusals due to pre-existing commitments.
As a result, Dangote has been forced to purchase Nigerian crude from international traders at inflated prices, adding an extra $3-$4 million per cargo. The refinery is urging NUPRC to fully enforce the domestic crude supply obligation, as mandated by the Petroleum Industry Act (PIA), to ensure it receives the necessary supply from local production sources.
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The naira strengthened further at both the official and foreign exchange (FX) markets following the sale of $876 million through the retail Dutch auction system by the Central Bank of Nigeria (CBN).
On Thursday, the naira appreciated by 0.18%, with the dollar being quoted at N1,593.62 at the Nigerian Autonomous Foreign Exchange Market (NAFEM), up from N1,596.52 the previous day, according to data from FMDQ Securities Exchange Limited. The supply of dollars by willing buyers and sellers also surged by 51.18%, reaching $141.99 million compared to $93.92 million on Wednesday.
In the parallel market, commonly referred to as the black market, the naira also gained ground, with the dollar falling to N1,595, representing a 0.94% gain from the morning rate of N1,610. Compared to Wednesday’s rate of N1,620, the naira saw a 1.57% increase, or N25, in value.
The CBN’s auction, concluded on August 7, 2024, where $876 million was offered to meet customer demands, reflects the apex bank’s commitment to maintaining liquidity and transparency in the FX market. The introduction of the Retail Dutch Auction System (RDAS) aims to provide more transparent access to foreign exchange, supporting market price discovery and complementing existing liquidity-enhancing measures.
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Arik Air has officially resumed its flight operations following a brief suspension. This pause was prompted by the Nigeria Civil Aviation Authority (NCAA) grounding three of the airline’s aircraft due to a court order.
According to Roy Ilegbodu, the Chief Executive Officer of Arik Air, the airline has worked diligently to ensure a smooth transition back into service. The team at Arik Air has been preparing to welcome passengers with enhanced services, aiming to improve the travel experience.
The NCAA clarified that while three aircraft were grounded, this did not equate to a full suspension of Arik Air’s flights. The airline’s remaining fleet continued to operate without disruption. The grounding was a regulatory measure taken to comply with a court order related to a legal case involving the airline.
The NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, emphasized that the grounding was strictly in response to the court’s directives and was necessary to uphold safety and regulatory standards.
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Adebayo Adelabu, Nigeria’s Minister of Power, has announced a 25% increase in the country’s power generation over the past year. This milestone was revealed during the inaugural meeting of the Inter-Ministerial Power Sector Working Group in Abuja.
Adelabu highlighted the sector’s growth, noting that power generation recently peaked at 5,105 megawatts, the highest in three years. The goal is to reach 6,000 megawatts by December. He credited the President’s support for the sector’s progress and emphasized the need for collaboration across various ministries, including those handling water resources, petroleum, and the environment, to ensure continued success and sustainability.
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A video of a man eating a long fishbone has gone viral, catching the attention of many online. The man, featured in a clip shared by Sydney Talker to promote Khaid’s new song with Olamide, chews through the fishbone with surprising ease, leading some viewers to joke that he might have a “grinding machine” in his mouth.
The man’s nonchalant approach and rapid consumption of the bone sparked diverse reactions:
skido_osha_h.n.d: “Nobody observed that the guy go sabi eat plate 😍😮.”
tripsasa: “Now imagine if this guy gets your girlfriend 😂.”
yoh_sam20: “No need to buy blender again 😂😂.”
therealfluffy00: “This one go pull person small bress oo 😂😭.”
keepyaheadup00_: “Grinding machine dey em mouth. 🙂↔️.”
eazeegram: “Bro has a blender for teeth ..God is really great …”
pellaa_______: “When you no be Cat(meow).”
nikkie_shugar: “Ah ah e no dey shook am for mouth?? Dis one must not get hold of person ponmo ohh😒 see wild.”
The video has left many in awe, questioning the man’s eating prowess and making humorous comparisons.
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Top 10 Richest Black Billionaires in the World 2024.
In this article, we dive into the wealth and achievements of the top 10 richest Black billionaires worldwide, showcasing their impressive net worths and the industries that have contributed to their success. These individuals have risen to the pinnacle of wealth, overcoming numerous challenges and making significant impacts in their respective fields.
Aliko Dangote – $12.4 billion Aliko Dangote, Nigeria’s richest person, has amassed his fortune through the Dangote Group, a conglomerate with interests in cement, sugar, and other commodities. Dangote’s business acumen and philanthropic efforts have made him a prominent figure in Africa’s economic landscape.
Robert F. Smith – $9.2 billion An American investor and philanthropist, Robert F. Smith is the founder of Vista Equity Partners. His firm invests in software companies, and Smith is well-known for his significant charitable contributions, including paying off the student loans for an entire graduating class at Morehouse College.
David Steward – $7.6 billion David Steward is the founder of World Wide Technology (WWT), a leading tech solutions provider. His company’s success in cloud computing, cybersecurity, and data analytics reflects his innovative approach to technology and his commitment to philanthropy through the David and Thelma Steward Foundation.
Mike Adenuga – $6.9 billion Nigerian entrepreneur Mike Adenuga is the founder of Globacom, a major telecom company in Africa. His ventures in telecommunications and oil have established him as a key player in the Nigerian and African business sectors.
Abdulsamad Rabiu – $5.9 billion Abdulsamad Rabiu leads the BUA Group, a conglomerate involved in cement, sugar, and real estate. His company’s growth and his philanthropic efforts, including contributions to COVID-19 relief, highlight his influence in both business and social causes.
Michael Jordan – $3.2 billion The legendary basketball player Michael Jordan has transitioned from sports to business, owning the Charlotte Hornets and making lucrative investments in companies like Nike. His wealth and influence extend beyond the basketball court.
Oprah Winfrey – $2.8 billion Oprah Winfrey, a media mogul and philanthropist, has built her fortune through her talk show and various business ventures. Her extensive charitable work and the Oprah Winfrey Leadership Academy for Girls in South Africa underscore her commitment to education and social causes.
Patrice Motsepe – $2.7 billion South African businessman Patrice Motsepe is the founder of African Rainbow Minerals. His philanthropic work through the Motsepe Foundation, which supports education, healthcare, and poverty alleviation, complements his success in the mining industry.
Jay-Z – $2.5 billion Shawn “Jay-Z” Carter, renowned for his music career and business ventures, has accumulated wealth through investments in companies like Uber and Tidal. His entrepreneurial spirit and influence in the music industry are widely recognized.
Strive Masiyiwa – $1.9 billion Zimbabwean businessman Strive Masiyiwa is the founder of Econet Wireless. His efforts in telecommunications and philanthropy, including support for education and healthcare, make him a significant figure in African development and social impact.
These billionaires not only excel in their fields but also serve as beacons of success and resilience, demonstrating the diverse ways in which Black entrepreneurs and philanthropists contribute to global wealth and society.
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“Davido, Burna Boy Collab Rumor Sends Fans Into Frenzy”
A snippet of an alleged upcoming song featuring Afrobeat superstar Davido and Grammy Award-winning artist Burna Boy has set the internet abuzz. The short clip, which surfaced online, showcases the distinct voices of both artists seamlessly blending together as they deliver catchy lyrics.
This unexpected collaboration has sparked excitement among fans, especially considering the history between the two artists. Davido and Burna Boy were once close friends, but their relationship soured, leading to public feuds and diss tracks aimed at each other.
In the leaked snippet, Burna Boy can be heard singing, “Lover lover, I dey wait oh for my Chioma,” to which Davido playfully responds, “No be your Chioma, Burna.” This playful banter has only fueled fans’ anticipation, with many eagerly awaiting the full release.
The snippet has prompted a wave of reactions, with fans debating who will outshine the other on the track and others simply expressing their excitement for what promises to be a hit collaboration.
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A CEO, or Chief Executive Officer, is the highest-ranking executive in a company. They are tasked with making the most critical decisions that influence the firm’s direction, success, or failure. Due to the immense responsibility they carry, CEOs are often the highest-earning executives in a company. Their compensation packages typically include a base salary set by the board of directors, additional bonuses, long-term incentive payouts, and stock gains from exercising stock options.
In this article, we will explore the top 10 highest-earning CEOs in Nigeria for 2023, spanning various industries such as telecommunications, oil & gas, and cement. Understanding CEO salaries often gives insight into the value they bring to their organizations.
Table of Contents
Ebenezer Onyeagwu, Zenith Bank – N2.1 Billion
Karl Toriola, MTN Nigeria – N1.6 Billion
Lars Richter, Julius Berger Nigeria Plc – N888 Million
Roger Brown, Seplat Energy Plc – N746 Million
Arvind Pathak, Dangote Cement – N609 Million
Dr. Samba Salfal Seye, TotalEnergies – N554 Million
Hans Essaadi, Nigerian Breweries – N486 Million
Segun Agbaje, Guaranty Trust Holding Company – N457 Million
Tim Kleinebenne, Unilever Nigeria – N313 Million
Babatunde Fajemirokun, AIICO Insurance PLC – N233 Million
1. Ebenezer Onyeagwu, Zenith Bank – N2.1 Billion
Ebenezer Onyeagwu, the former Managing Director and CEO of Zenith Bank, tops the list with a remarkable earning of N2.1 billion in 2023. With nearly 30 years of experience in banking, Onyeagwu has had a stellar career, marked by his swift rise through the ranks at Zenith Bank since joining in 2002. His educational background includes an Ordinary and Higher National Diploma in Accounting from Auchi Polytechnic and further studies at the University of Oxford. His leadership has significantly impacted Zenith Bank, making him the highest-paid director in the company, with a notable salary increase from N285 million in 2022 to N2.16 billion in 2023.
2. Karl Toriola, MTN Nigeria – N1.6 Billion
Karl Toriola, the CEO/MD of MTN Nigeria, is the second highest-paid CEO in Nigeria with an earning of N1.6 billion in 2023. Toriola has an extensive career in telecommunications, having worked with companies like Ericsson, Econet, and Airtel before joining MTN in 2011. His leadership at MTN, Africa’s largest telecommunications company, has been significant, with a substantial salary increase from N850 million in 2022 to N1.6 billion in 2023.
3. Lars Richter, Julius Berger Nigeria Plc – N888 Million
Lars Richter, a German national, has led Julius Berger Nigeria Plc as CEO, earning N888 million in 2023. With a Doctorate in Civil Engineering, Richter’s expertise and leadership have been vital to the company’s success in the construction industry. His remuneration saw a significant rise from N418 million in 2022, reflecting his crucial role in steering the company.
4. Roger Brown, Seplat Energy Plc – N746 Million
Roger Brown, the CEO of Seplat Energy Plc, an independent oil and gas company in Nigeria, earned N746 million in 2023. Brown, a British national, has a rich background in finance and the oil & gas industry, having worked with PricewaterhouseCoopers and Standard Bank before joining Seplat. His earnings reflect a substantial 75% increase from N475 million in 2022.
5. Arvind Pathak, Dangote Cement – N609 Million
Arvind Pathak, the Group Managing Director of Dangote Cement Plc, earned N609 million in 2023. With over 36 years of experience in the cement industry, Pathak’s leadership has been instrumental in driving the company’s growth. His previous roles include serving as MD and CEO of Birla Corporation Ltd and holding senior positions at Reliance Cement and Associated Cement Company Limited.
6. Dr. Samba Salfal Seye, TotalEnergies – N554 Million
Dr. Samba Salfal Seye, the Managing Director of TotalEnergies Marketing Nigeria Plc, earned N554 million in 2023. With over 25 years in the oil and gas industry, Dr. Seye has held various senior roles at Shell and TotalEnergies. His expertise in engineering and management has significantly contributed to the company’s success, with his salary increasing from N291 million in 2022.
7. Hans Essaadi, Nigerian Breweries – N486 Million
Hans Essaadi, CEO of Nigerian Breweries, earned N486 million in 2023. With a long career in the brewing industry, Essaadi has held various leadership roles within the Heineken Group, including Managing Director at Al Haram Beverages Company in Egypt. His leadership at Nigerian Breweries has been impactful, with a salary increase from N320 million in 2022.
8. Segun Agbaje, Guaranty Trust Holding Company – N457 Million
Segun Agbaje, a respected business leader, earned N457 million in 2023 as CEO of Guaranty Trust Holding Company (GTCO). Agbaje has played a pivotal role in the growth of GTBank, expanding its customer base and significantly increasing its profit before tax. His career spans various industries, including his involvement with Ernst & Young and PepsiCo. His leadership at GTCO continues to drive the company’s success, with a salary increase from N445 million in 2022.
9. Tim Kleinebenne, Unilever Nigeria – N313 Million
Tim Kleinebenne, CEO of Unilever Nigeria, earned N313 million in 2023. With over 31 years of international experience in the Fast-Moving Consumer Goods (FMCG) industry, Kleinebenne has held various leadership roles within Unilever across different countries. His extensive experience and leadership at Unilever Nigeria have been pivotal in the company’s operations.
10. Babatunde Fajemirokun, AIICO Insurance PLC – N233 Million
Babatunde Fajemirokun, CEO of AIICO Insurance Plc, earned N233 million in 2023. Fajemirokun’s leadership has significantly contributed to AIICO’s financial growth, with the company’s profit before tax from continuing operations increasing by 571% from N1.79 billion in 2022 to N12.03 billion in 2023. His career spans various industries, including positions at Accenture, Food Concepts, and Capgemini Consulting before joining AIICO Insurance.
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Highlights: The family is also involved in real estate and fashion.
9. Ovia Family
Net Worth: $980 million
Industry: Banking, real estate
Key Figure: Jim Ovia, founder of Zenith Bank.
Highlights: Key investments in Visafone Communications and Nigerian real estate.
10. Elumelu Family
Net Worth: $700 million
Industry: Banking, investment
Key Figure: Tony Elumelu, chairman of Heirs Holdings and Transcorp.
Highlights: Founder of the Tony Elumelu Foundation, major investments in hospitality and agriculture.
11. Okoya Family
Net Worth: N/A (wealth in manufacturing, real estate)
Industry: Manufacturing, real estate
Key Figure: Razaq Okoya, founder of Eleganza Group.
Highlights: The family’s wealth comes from manufacturing plastic products and significant real estate investments.
These families represent the pinnacle of wealth in Nigeria, with influence spanning various industries from oil to telecommunications, banking, and beyond.
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Favour Ofili in 2024: Net Worth, Medals, and Career Highlights.
Favour Ofili: Nigeria’s Rising Track Star
Background: Favour Ofili is a young and talented Nigerian sprinter who has quickly established herself as one of the country’s most promising athletes in the 100m and 200m events. Known for her remarkable speed and consistency, she has already made a significant mark on the global athletics scene. One of her early career highlights includes winning a bronze medal in the 200m at the 2021 World Under-20 Championships.
Record-Breaking Achievements: Ofili’s talent is underscored by her record-breaking performances. She holds the African record for the indoor 200m and the Nigerian record at the U20 level. In 2022, she made history by becoming the first female National Collegiate Athletic Association (NCAA) athlete to run the 100m in under 11 seconds, clocking a time of 10.93 seconds.
Olympic Representation: Favour Ofili represented Nigeria at the Paris 2024 Olympic Games, where she continued to showcase her immense potential on the world stage.
Profile Summary
Full Name: Favour Chukwuka Ofili
Date of Birth: December 31, 2002
Nationality: Nigerian
Place of Birth: Port Harcourt, Rivers State, Nigeria
State of Origin: Delta State
Age: 21 years old (as of August 2024)
Height: 5 feet 7 inches (170 cm)
Personal Bests:
100m: 10.93 seconds
200m: 21.96 seconds
Indoors: 7.15 seconds (60m), 22.11 seconds (200m)
College: University of Port Harcourt, Louisiana State University
State of Origin: Although born in Port Harcourt, Favour Ofili hails from Delta State, a region known for producing some of Nigeria’s top athletes.
With her growing list of accomplishments and potential for even greater success, Favour Ofili is poised to be one of Nigeria’s leading track and field stars in the coming years.
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Quincy Hall likens himself to a dog after clinching dramatic 400m gold at Paris 2024 Olympics.
Quincy Hall’s victory in the men’s 400m final at the Paris 2024 Olympics was a testament to perseverance, determination, and raw athleticism. In one of the most electrifying races of the Games, the American sprinter staged an incredible comeback to clinch the gold medal, leaving the crowd at the Stade de France in awe.
For much of the race, Hall trailed the field, finding himself in sixth place as the runners approached the final curve. But in a display of sheer willpower and speed, he shifted into overdrive, overtaking his competitors in the last stretch to cross the finish line first. Hall’s time of 43.40 seconds not only secured him the gold but also marked a personal best and the fifth-fastest time in 400m history.
Reflecting on his race, Hall used a striking metaphor to describe his relentless pursuit: “As long as I can start the race, I know I can finish. You can’t outrun a dog. A dog will chase you forever.” His words encapsulate the relentless drive that propelled him to victory, emphasizing his belief that he would always find a way to prevail, no matter the odds.
Hall’s triumph was particularly dramatic because it denied Great Britain’s Matthew Hudson-Smith, who had led for most of the race, the gold medal. Hudson-Smith, the European record holder, had to settle for silver with a time of 43.44 seconds. Meanwhile, Zambia’s Muzala Samukonga claimed the bronze in 43.74 seconds, setting a new national record and earning his country’s first Olympic medal in the event in 28 years.
Hall’s victory is part of a larger narrative of American dominance in track events at the Paris 2024 Olympics. His come-from-behind win adds to a series of thrilling finishes for Team USA, including Noah Lyles’ victory in the 100m and Cole Hocker’s in the 1500m, where both athletes also overcame deficits to win gold.
The 26-year-old attributed his success to his unwavering determination and the hard work he has put in with his coach. “I don’t give up. I just grit, I grind. I’ve got determination. Anything I think will get me to that line, I think of it. A lot of hurt, a lot of pain. I just won. It’s over. For the next four years, I can say I’m an Olympic champion,” Hall said, clearly moved by his achievement.
Hall’s gold medal performance was one of the highlights of the evening session at the Stade de France, leaving a lasting impression on the spectators and solidifying his place as one of the standout athletes of the Paris 2024 Olympics.
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FG Warns Foreign Powers to Avoid Nigeria’s Internal Issues.
The Federal Government has cautioned foreign countries against interfering in Nigeria’s domestic affairs. This warning follows incidents of foreign flags being waved during protests and the arrest of foreigners allegedly involved in the demonstrations.
Minister of Foreign Affairs Yusuf Tuggar emphasized that while Nigeria values international relationships, it will not tolerate foreign interference. He urged the international community to support Nigeria’s efforts to overcome current challenges.
The Department of State Services (DSS) is investigating Polish nationals arrested for displaying Russian flags during protests. Meanwhile, protests have continued in Port Harcourt, with incidents of violence reported. The Army has detained a soldier involved in a fatal shooting during protests in Zaria, and curfews in Plateau and Bauchi states have been relaxed as normalcy returns.
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