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Tag: Forbes

  • P Diddy world’s highest paid musician in 2017 – Forbes

    P Diddy world’s highest paid musician in 2017 – Forbes

    American hip-hop superstar, Sean Combs, a.k.a P Diddy has emerged Forbes highest earning musician for the year, without releasing any album for the period.

    “Diddy is the top-earning musician on the planet, pulling in a career-best 130 million dollars pretax this year.

    “His total got a boost from his Bad Boy Family Reunion Tour, his Ciroc vodka deal and the sale of one-third of his Sean John clothing line for an estimated 70 million dollars.”

    According to Forbes, Diddy has used a combination of charisma, smarts and showmanship to elevate himself from modest means to the top of an empire that encompasses music, spirits, clothing, television and more.

    “I’m the average person,” Diddy told Forbes earlier this year.

    “I started looking at business at the age of 12, from delivering newspapers to working in gas station bathrooms, or even doing things like being a background dancer or a stylist.

    “Whatever I could do to get close to the industry,” he said.

    Also, Beyoncé ranked second with 105 million dollars, making her the only other act top to pull in nine figures.

    Her Formation World Tour, which wrapped up in late 2016 and fell partly in the scoring period, was a major income contributor to her.

    The Formation World Tour was the seventh concert tour by the American singer in support of her sixth studio album, ‘Lemonade’.

    Drake, the world’s acclaimed most-streamed artist in recent years, rounds out the top three with 94 million dollars, much of it from his Boy Meets World Tour.

    The highest earning artistes list is generated considering pretax income from June 1, 2016 through June 1, 2017, fees charged by agents, managers and lawyers inclusive.

    “We gathered data from Nielsen SoundScan, Pollstar, the RIAA and interviews with industry insiders,” Forbes said.

    NAN

  • How To Turn Your Ideas, Hobbies, Skills and Knowledge to Profitable Business In 4 Simple Steps!

    How To Turn Your Ideas, Hobbies, Skills and Knowledge to Profitable Business In 4 Simple Steps!

    Strategies That Brings Cash On Demand and Make You Forget Your Money Worries Forever….

    Register For a FREE Live Training On How To Turn Ideas To Profitable Business Now, CLICK HERE

    If you are a salary earner or you are unemployed….You are Not Happy With Your Current Situation…..No matter How Much you earn or have right now.

    I know this sounds harsh but it’s the truth….

    If you read this short article to the end, I will prove this to you….

    Your Job takes most of your time…8 to 9 every single day and nothing to spend with loved ones, you even work on weekends at times and yet you get peanuts as salary, you only work to enrich the your BOSS pocket or maybe you just hate the feeling of someone bossing you around.

    and  you may find it shocking that the JOB  right now is not even SECURED and you might have even thought of resigning but couldn’t because there is nothing to fall back on!

    According to Punch Newspaper, 3.67 million Nigerians, Lost their JOB in one year.

    Earlier this year, Zenith Bank Sacks Over 1,200 employees – According to Premium Times Newspaper.

    And if you are unemployed yet still searching for a JOB, it’s a no brainer why you still don’t have your desired JOB. Here is why?

    Over 29 Million Nigerians are Jobless according to vanguard newspaper and this has increased in 2017.

    You’ve see the worst in the last 12 months, if you have been in Nigeria since the beginning of this year 2017  you will agree with me on this;  Staff have been laid off by the government and private owned Companies, Teachers, Doctors have been going on Strike for Months, Universities have been shut down for months due to the inability of the government to pay the lecturers or students’ strike.

    Do you Know Why?

    Nigeria’s minimum wage of N18,000 is one of the world’s lowest minimum wage according to Labor and the purchasing power keeps declining due to inflation in the market. If you will agree with me, the amount of money you spend on goods & commodities has now doubled compared to what you spent last 2 years because…

    Things are becoming more and more expensive!

    Salary is fixed, purchasing power is low while some survive on loans to take care of themselves and pay their childrens’ school fees, others Continue to swim in debt, using debt to pay off debts..

    Despite all these problem in Nigeria, Some people are still happily making good money from their business without worrying about JOB security or unemployment or Inflation in the market. Am sure you would have thought of starting your own business, Which is by far the best option you can think of.

    According to Forbes Magazine, the Top Richest Men In The World Are Business Owners or Entrepreneurs.

    But then, some people get it wrong that they barely even see their business through the first year. Of course I didn’t make this up myself. Here are some facts:

    According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. That’s a whopping 80% crash and about 20 percent survive four or five years business operation.

    There are lots of factors that affect this.

    But then, I will show you what to do now to ensure that you never have to worry about your underpaid/unhappy Job that you hate so much but you just have to keep it to survive or the unemployment saga that’s driving you crazy.

    Not just that, I will also drop on your laps powerful little tips that turns what you already know (ideas, hobbies, Skills or Knowledge) to a Profitable business that brings in Cash On Demand In 30 Days! These little secrets will ensure you build your business in the path of success and be among the 10% that succeed with their business – No matter your current situation.

    Register For a FREE Live Training On How To Turn Ideas To Profitable Business Now, CLICK HERE

    We are about to go HARDCORE

    Stop whatever you are doing and Pay attention.

    After reading what am about to show you… starting from now and you apply every single step on your idea, skills, knowledge or hobbies, you can go as far as building your first Million Naira Per month Business ….even if your bank account is red right now, getting started in 24 hours without office space or huge capital, Using just your Pen and Paper.

    Now, I will have to warn you…..what I’m to reveal to you are dangerously powerful, it is like money ritual because you will be able to generate cash any time you need it. But trust me its 100% Legal!

    That’s Exactly What Happened To Seyi Adeleke (Youth Corper) When he took his measly N19,800 Corpers Alawee and turned it into N30million in just 12 Months.

    And Seyi is not the only one doing this, Do you know that Over 76.2Million Nigerians are online as at 2017( according to statista). Nigeria has been ranked by PayPal inc as the 3rd highest mobile shopping nation worldwide. Nigerians reportedly spent $610 million in 2015 using PayPal, and we are on target for $819 million (about ₦327 billion, at current rates) this year.

    What does this mean to you?

    Nigerians Spend over N327 Billion buying different products online in 2017.

    If you are afraid of BIG NUMBERS… I mean big money or don’t know how to explain to your family members what you are doing to make the kind of money you will be making in the next few days, then I will advise you NOT to read further.

    But if you are not afraid of turning your ideas, hobbies, skills and knowledge to cold hard cash; Then slowly read every word in the next few paragraphs.

    There are 3 Steps to Turning Your Ideas, Hobbies, Skills and Knowledge to Profitable Business That brings in Cash On Demand For You!

     

    Step One – Identify What People Want.

    Step Two – Find The Solution

    Step Three – Package The Solution

    Step Four – Sell The Solution to them

    Step Five – Rinse and Repeat.

    Register For a FREE Live Training On How To Kickstart this business Now, CLICK HERE

    Sounds like a NO BRAINER, doesn’t it?

    Yes. It’s a simple concept. It’s actually the simplicity of the whole thing that makes people not to do it. They cannot imagine such a simple thing can bring in massive money.

    Now let me show you How to use these 5 Steps to turn your ideas, Knowledge, Skills and Hobby into a profitable business in 30 days.

    Step One – Identify what People Want:

    This is a problem for a lot of people. They don’t know how to determine what a lot of people want so they can create products for them. For you, it’s shouldn’t be a problem.

    The fastest way to know what people want is: Identify a problem, once you can identify a problem then you are in money. Let me tell you a short story.

    In year 2008, A lot of Nigerians want to know how to make money from Football Just by predicting matches. A smart Nigerian was in U.K then and Figure out How sport betting works and made few pounds from it. He came back to Nigeria and wrote a step by step PDF Guide titled “How To Make Money Predicting Football Matches”.  He was able to Find what people want and created a solution and packaged it, that’s what step 1, 2 and 3 is all about.

    The next thing he did was to market the PDF guide and priced it for N7,500 He sold hundreds of copies and made millions selling that single digital product. After that, lots of Nigerians were finding it difficult to deposit their money with all these foreign betting site and then he decided to find a solution by taking a step further….

    He Built the First Online Sport Betting Platform In Africa, Nairabet. Yes, That’s exactly how The Famous, Billion Naira Company, NairaBET Was Founded, doubt this, a quick search on google will do.

    But What If I show you how to build your own Million Naira Per Month Business Starting with what you know, little or no capital, your pen and paper.

    You see…these are some very powerful strategies you can start applying now and start making money from it within the next few days.

    Click Here To Attend My FREE LIVE TRAINING, Its 100% FREE Where I Show You Live How This is done.

    Or VISIT HERE

    P.S: This Training is Only For 100 People, So Go Here Now To Reserve Your Seat!

    P.P.S: Also, The Training is Done Online. Imagine…. you don’t have to travel anywhere for the training, only for you to sit down at the comfort of your home with your Phone or computer plus internet to watch me live where I show you How this whole business works.

  • Ronaldo is richest sports personality in Europe

    Ronaldo is richest sports personality in Europe

     

    Cristiano Ronaldo is the richest sports personality in Europe, according to the latest Forbes’ Rich List.

    The Real Madrid striker has earned an incredible £70million in the last year, along with picking up another Champions League medal and becoming the inaugural winner of The Best FIFA Men’s Player award.

    In fact, such is the Portuguese star’s wealth, he is only £1m short of being the most wealthy celebrity on the continent, with Harry Potter author JK Rowling earning £71m in that same period.

    Ronaldo is joined by just one Englishman on the list, with Formula One driver Lewis Hamilton sat in 11th place having earned £32m.

    And despite the money flowing through the Premier League, there is just one representative from England’s top flight, with Zlatan Ibrahimovic sneaking into the top 20 thanks to his earnings of £24m.

    Elsewhere on the list, Roger Federer comes in at No 5 having taken £48m in the last 12 months, while Sebastian Vettel is 14th on the list.

    There is further British representation from Rory McIlroy, who is ninth with earnings of £37m, and Conor McGregor is equal 18th with Wales international Gareth Bale.

    The figures are calculated before taxes and fees are taken into account, with Forbes estimating the total worth.

    The five highest-paid athletes, Ronaldo, LeBron James, Lionel Messi, Roger Federer and Kevin Durant all generate more than $25 million annually from sponsors. Here are the top 12 mega buck earners;

    Rank, Name, Earnings (Sport, Country)

    1. Cristiano Ronaldo, $93 million (Soccer, Portugal)
    2. LeBron James, $86.2 million (Basketball, U.S.)
    3. Lionel Messi, $80 million (Soccer, Argentina)
    4. Roger Federer, $64 million (Tennis, Switzerland)
    5. Kevin Durant, $60.6 million (Basketball, U.S.)
    6. Andrew Luck, $50 million (Football, U.S.)
    7. Rory McIlroy, $50 million (Golf, U.K.)
    8. Stephen Curry, $47.3 million (Basketball, U.S.)
    9. James Harden, $46.6 million (Basketball, U.S.)
    10. Lewis Hamilton, $46 million (Racing, U.K.)
    11. Drew Brees, $45.3 million (Football, U.S.)
    12. Phil Mickelson, $43.5 million (Golf, U.S.)
  • No changes for Nigerian contingent on Forbes’ rich list

    No changes for Nigerian contingent on Forbes’ rich list

    THE table of the richest people in Nigeria is like the English Premier League table. There is an established order with the same names always occupying the top two or three spots and a little movement up or down in other positions. Thus, when Forbes released their annual rich list for the year, it was no surprise to see familiar faces from the lists of yore still perched atop their lofty branches as the wealthiest the country has to offer.

    Perennial numero uno and chairman of Dangote Group, Aliko Dangote, retains his place as the champion of the Nigerian money league with an estimated wealth of $12.5 billion. Hot on his heels is the chairman of telecommunication giant, Globacom, Dr Mike Adenuga, whose wealth is put at $10.5 billion. Although the value of the two billionaires’ wealth has declined over the years due in part to the decline in Naira’s value, their respective fortunes still put them way ahead of their nearest challengers.

    The chairman of Zenom and Forte Oil Femi Otedola and Africa’s presumed richest woman Folorunsho Alakija are in third and fourth places with fortunes of $2.3 billion and $2.1 billion respectively. The top six is rounded off by celebrity socialite Daisy Danjuma’s husband, Gen. Theophilus Danjuma, and BUA boss Abdulsamad Rabiu, on fortunes of $1.7 billion and $1.5 billion.

    The rest of the top ten are UBA supremo Tony Elumelu ($1.4 billion); Slok Holdings and Sun Newspapers owner Orji Uzor Kalu ($1.1 billion); ex Zenith Bank MD Jim Ovia ($1 billion), and career businessman and Honeywell Group head honcho Oba Otudeko ($650 million).

  • Oh Nigeria! Where are we heading to?

    Oh Nigeria! Where are we heading to?

    Oh our dear country, desire of all nations and the pride of all! There is a pervasive belief that Nigeria is the giant of Africa; but an overweight giant becomes a burden on itself. With an overwhelming population of at least 170 million people, it is a shame that we haven’t harnessed and utilized the humongous resources at our disposal. Going back to historical antecedents, Nigeria was the darling of the world – economically, politically, culturally etc., however, in the words of Dare Art Alade – she has become a shadow of herself.

    Nigeria as we knew it, didn’t experience grotesque and gruesome situations like Boko Haram, Badoo (assassin group), kidnapping, and other similar vices; also, Nigeria was not as corrupt as it is today. Nigeria enjoyed relative peace, unity, and to a reasonable extent, reduced discrimination and malfeasance.

    The situation that Nigeria is facing today emanated from the foundation, that is – self. The situation is like having intellectuals in a bus and giving a mad man the keys to drive; it is definitely headed for the brick wall. We neglected our collective responsibilities, and like a popular saying goes – “if the foundation be destroyed what shall the righteous do?”

    It is not until you are made a king before you begin to act like one. Everyone is a leader; therefore, a pertinent question that comes to mind is – HOW DO YOU LEAD? Do you lead with the interest of people in mind or you apply a nonchalant style of leadership.

    The derailing leadership situation in Nigeria makes me to ask the salient question – Where is Nigeria headed to? Fourteen years and counting, Nigeria still ranks high in the corruption index of the world – according to Forbes. Nigeria is blessed with a good number of competent and experienced individuals who can improve the overall aesthetics of the country. This crop of individuals would be ready to fight for the interests of the people and make us great again; other nations will see Nigeria as a perfect example to follow.

    The utmost concern for the writer of this piece is in the religious sector – churches and mosques. Most of these churches and mosques are profit oriented rather than focusing on its raison d’etre (its purpose for existence). Churches and Mosques are meant to build us up, get us prepared and enriched with important leadership qualities we will need to be able impart and change our world. It has rather morphed into a den of thieves and rapacious individuals who are more concerned with their self-serving agendas rather than our collective patrimony – they are LADDERS and not leaders.

    Where is Nigeria headed to? This is a question that will continue to linger until our extant social, economic, and political policies are strengthened and implemented.

  • Ronaldo is 2016 highest-paid sportsman

    Ronaldo is 2016 highest-paid sportsman

     

     

     

    Real Madrid star Cristiano Ronaldo has been named the world’s highest-earning athlete for the first time, becoming only the second individual from a team sport to lead the Forbes rankings since they began in 1990.

    Ronaldo, who turns 32 on Sunday, climbed to the top of the list by earning $88 million in 2016, ahead of Barcelona’s Lionel Messi in second place with $81m and NBA star LeBron James in third with $77m.

    Introducing the research, Kurt Badenhausen of Forbes said that Portugal captain Ronaldo had overtaken boxer Floyd Mayweather and golfer Tiger Woods to become the first footballer ever to be named the highest earner across all global sport.

     

    “With Mayweather hanging up his gloves and Woods hampered by injuries, there is an opening at the top. Filling the gap is the biggest star in the biggest sport on the planet,” Badenhausen wrote.

    “This year, soccer icon Cristiano Ronaldo is the world’s highest-paid athlete, with earnings of $88m over the past 12 months from salary, bonuses and endorsements. Ronaldo is only the second team athlete after Michael Jordan to rank as the top-paid since Forbes began tracking athlete earnings in 1990.”

    According to Forbes, Ronaldo’s total income rose marginally in 2016, up to $88m from $80m the year before. However, the retirement of boxers Mayweather ($300m in 2015) and Manny Pacquiao ($160m in 2015) helped him to take over at the head of the list.

    Other footballers to appear towards the top of the rankings are Barcelona star Neymar in 21st place ($37.5m), Manchester United’s Zlatan Ibrahimovic at 23 ($37.4m), Madrid’s Gareth Bale at 25 ($35.9m) and Wayne Rooney of United at 49 ($26.1m).

  • Forbes Woman, Aim Higher Africa, others to partner YCBS

    The Young CEO’s Business Summit (YCBS) comes back to Nigeria for the second time since its inception in Dubai.

    The prestigious world summit, that seeks to empower and redefine businesses in Africa started in Dubai before moving to Ghana, London and Lagos.

    The 2016 edition, which is the fifth will be hosted in Nigeria for the second time but in Abuja, in partnership with Femaz Microfinance Bank, Forbes Woman, Aim Higher Africa and the institutes of leadership and management.

    Considering the quality of partnerships this 5th edition is in league with, it is definitely set to be the biggest and most rewarding for young entrepreneurs in Nigeria.

    The YCBS Abuja-Nigeria 2016 aims to gather 250 cautiously selected young entrepreneurs around West Africa especially those from Nigeria to discuss the THEME: ‘’Promoting Nigeria’s non-Oil Sector & stimulating SMEs for inclusive growth: the new paradigm and learn from international veterans in selected fields.

    The summit will not only have international business men and women converging to discuss the theme, but new strategies on how to explore the immeasurable business opportunities in the non-Oil sector, while stimulating the SME sector in Nigeria for inclusive growth.

    According to the organizers, it is imperative for improved businesses in Nigeria to collaborate with its West African neighbors, through coordinated support for Start-up, funding for small businesses that are capable of enriching and creating many jobs for Nigeria.

    This will also be our major priority.
    In addition Femaz Microfinance bank will partner with Young CEOS BUSINESS FORUM by sponsoring the pitching session tagged “FEMAZ SME Challenge” on a national scale.

    Sectors eligible to enter for the challenge includes agriculture, entertainment, fashion design, ICT, & Social enterprise. All delegates are eligible to pitch at the event and shall be given equal opportunities to express themselves and showcase their skills.

    To participate at the summit or enter for the SMEs challenge visit YCBS or send an email to ceobusinessforum@gmail.com or admin@ycbf.org or call the following numbers +234-8033167827 or +234-8034532300.
    Other features of the 2-days summit include; Networking Session, Sector by sector specialized Business Strategy sessions among others.

  • Forbes break advert taboo

    A native advert for Fidel-
    ity, an investment company,
    appears on the cover of the latest issue of Forbes, which hit the newsstands last Monday.

    Native advertising is a form of online advertising that matches the form and function of the platform on which it appears. It is a publisher-produced brand content, similar in concept to a traditional advertorial, which a paid placement is attempting to look like an article.

    The advert is on the actual cover – it’s not part of a foldout or second cover.

    Forbes as among the first publications to fully embrace native advertising – a tactic where adverts seek to mimic editorial content – but the cover treatment takes the practice into mostly uncharted waters for magazines.

    According to Adage, world-renown  advertising magazine, “that’s because putting ads on magazine covers remains one of the last remaining taboos in an industry under so much financial pressure that it’s now enlisting editors to work with advertisers.”

    Last year, Time Inc., the nation’s largest magazine publisher, ran tiny ads for Verizon Wireless on the cover of Time and Sports Illustrated. But it has not repeated the tactic.

    The Fidelity advert on Forbes’ cover teases an infographic about retirement, which is the editorial theme of the issue. Fidelity paid for the two-page infographic to appear in the issue as part of a larger ad buy with Forbes that includes print and digital.

    “We view this as strong content that’s part of the retirement package,” Forbes Media’s chief revenue officer, Mark Howard, said. Forbes’ brand newsroom, a department that works with advertisers to create content, helped produce the infographic, he added.

    But Fidelity did not pay a premium for the cover treatment, according to Mr. Howard. Instead, it was a byproduct of the deal – something people in media and marketing call “added value” for the client. The decision to include the cover line came from Forbes Chief Product Officer Lewis D’Vorkin.

    “Lewis deemed it was appropriate for Fidelity to be called out on the cover just like any other great piece of content would be,” said Mr. Howard, who declined to discuss the terms of the deal.

    The stated rate for BrandVoice, as Forbes calls its native advertising product, is a minimum of $600,000. Media executives not affiliated with the company suggested the rate Forbes charged Fidelity for the entire package is likely in the million dollar range. Fidelity declined to comment.

    The cover line doesn’t specifically state that it’s an advertisement. It does, however, include the term “FidelityVoice,” which is how Forbes marks its native ads – melding the advertiser’s name with the word “voice.”

    Howard doesn’t think the cover line is misleading. “When you look at the colour scheme and the box, it’s separated, it has a different background,” he said. “For readers of Forbes, they’ve known for four years that when you see FidelityVoice that that is content that’s coming from one of our partners.”

    He described the cover treatment as “the evolution of where we’ve come from and where we are in today’s world.”

    Forbes introduced its native-advertising product in 2010, when it was called AdVoice. It allowed advertisers to post content directly to the magazine’s website. Media critics bristled then at the notion. Today, of course, nearly every publisher has adopted a similar strategy, although some vocal critics remain.

    The American Society of Magazine Editors’ guidelines for editors and publishers, meant to protect readers’ trust in publishers’ editorial independence from advertisers, still begin: “Don’t Print Ads on Covers.”

    The bold move into native advertising hasn’t protected Forbes from the stiff headwinds facing print-media brands, which are seeing declines in both newsstand sales and advertising revenue. Last year, the Forbes family and its backers sold a majority stake in Forbes Media, including the iconic namesake magazine, to a Hong Kong-based investment group. The magazine staff also relocated from its longtime headquarters on Fifth Avenue in Manhattan to an office in New Jersey.

    Mr. Howard said to expect more taboo-breaking tactics in the future. Last month, the magazine produced a second cover – which readers noticed after opening the magazine – that closely resembled the actual cover. But it was an ad for AT&T.

  • What Jonathan Forbes told Diezani…

    It is an outright dubious award. It is so dubious it stank even to Jonathan Forbes as he served the odious dish. You should have seen the grimace on his face and his body language as he presented the worthless token to our Petroleum Minister, Mrs. Diezani Alison-Madueke. He knew he was suckering her but why not, let the Niggers pay. Even the dainty lady and her coterie of aides and favour-chasers knew they were being had big time but all is fair that transpires in the Big Apple.

    It would have been nice to publish the citation that earned our oil minister the Forbes Best of Africa Award in Leadership. However, her apologists have been assaulting Nigerians with what they consider her legacy achievements. They tell us she was the first female Nigerian director in Shell Petroleum but they failed to say it was a sideshow in Shell’s Staff Cooperative or that anybody whose parents were Shellite could easily join the firm and rise to any level. Neither did they mention the minority quota.

    They said she was the first female transportation minister and oil minister and Hardball asks: to what end? Just any folk could be so opportune. They said she introduced local content and I say the legislation was ready before she got to office. Besides, Hardball thinks that stuff is tokenistic nonsense. They need to find out what the Brazilians, Venezuelans and even Algerians are doing on their oilfields.

    They say she ushered the Petroleum Industry Bill (PIB) and I say what does that mean? Whatever it may be, she cannot push it through parliament in three years notwithstanding the huge war chest at her disposal. They said she has built oil and gas pipelines and I say why did she bother, she could simply have sold the crude in jerry cans.

    The cheek of it all: they said she has ensured there has been no petroleum scarcity and I broke down and wept for our much raped motherland. At what cost is this if nearly all the fuels consumed in this huge country are imported and largely from countries that have no crude oil deposit. By the admission of the Nigerian National Petroleum Corporation, Nigeria’s four refineries have been operating at 10 per cent capacity for sometime now.

    In 2012, after the fuel subsidy protests, Diezani told Nigerians that four Greenfield refineries would be built in two years. No earth has been turned anywhere for this purpose. The cost of importing just petrol into Nigeria in one year will build all the refineries we ever needed.

    If Diezani is truly a great African leader as Forbes wants us to believe, and if she was a Shell hot shot as her people have written, how come she cannot figure out that it is utterly stupid for Nigeria to be importing  all its fuels in the last quarter century? Does she not know that Nigeria is the only major oil-producing nation still importing its fuels? Does she not know that there are about 6,000 opportunities Nigeria is failing to tap in every barrel of crude oil it exports?

    If she was such a great leader, how come she could not see the strategic madness of exporting 6,000 products and buying back each of them at a premium? A thousand and one questions Hardball has for Diezani but what is the point, she will answer to history.

    But what did Jonathan Forbes say to Diezani as he handed her the odious trophy. Hardball was embedded and he can exclusively report that Jonathan said to Diezani: ah, mugu don fall!

  • Forbes new listing, impetus for job creation – Dangote

    Billionaire business mogul, Aliko Dangote has said that his recent listing as the 23 richest man globally  in the Forbes magazine would only spur him to commit himself the more to reduction of poverty among Nigerians through creation of gainful employment
    He said he has always believed that the worth of a man does not consist in his wealth but the number of lives he is able to impact positively.
    Speaking against the background of fresh injection of N200 billion into his foundation, the Dangote Foundation, the President and Chief Executive of Dangote Group, said he would pursue the task of poverty reduction and health management with renewed vigour.

     “Dangote foundation is now 20 years old. This initial endowment will assure that Dangote Foundation has secure and steady funding to carry out its mission as we significantly scale up our work.
    He announced the reconstitution of the board of trustees of the Foundation.
    Members now includes himself as the Chairman, Sani Dangote, Halima Aliko Dangote, Olakunle Alake, A B Mahmoud, SAN, Aigboje Aig-Imoukhuede, Angela Adebayo, Hajara Adeola and Yvonne Ike.
    “And last year we appointed Adhiambo Odaga, Managing Director to grow the Dangote Foundation team. The stage is set now for the next stage of our institutional growth.”
    “Going forward- from the second quarter of this year, we will lay greater emphasis on youth and women empowerment through large scale efforts that cultivate meaningful change in their lives.”
    Dangote established Dangote Foundation in 1994 to extend the impact of his growing business operations.
    Current interventions that focus on youth and women, include a national cash transfer programme designed to complement state governments’ poverty alleviation programmes by providing N 10,000 grants to at least 1,000 women and youth in each of Nigeria’s 774 Local Government Areas, LGAs.