1) Dangote Cement increases capacity to meet demand surge Dangote Cement Plc has reached the decision to raise capacity by more than a third to meet escalating demand of cement as Nigerian economy recovers, the decision was made in response to the growing demand of cement.Speaking on the decision, the Group Executive Director at Dangote industries Ltd, Edwin Devakuma, told Bloomberg via the phone yesterday as follows: "We are expanding capacity from about 50,000 tons a day at the beginning of the year to 70,000 tons a day at the end of the year,” He explained that the company has already begun the reactivation of idle capacity in the past months at it's Gboko plant in Benue State, as a result of a 40 percent increase in demand in Nigeria.
It's no longer news that finding a job in the country is very challenging.The reality is that a lot of graduates have had to settle for a less paying job because of the scarcity of jobs.According to Bloomberg, Nigeria's recent unemployment rate rose to 33.3% in recent months.
Israel's Prime Minister, Benjamin Netanyahu has on his twitter account reacted to "Covid Resilience Ranking" by Bloomberg, that ranked Israel as the fourth best countries to live in during coronavirus. (See screenshot) According to recent update from worldmeter, Isreal has recorded a total of 839,382 covid-19 cases, 6,406 deaths and 832,517 (8.0%) recoveries (99.2%).
"I Saw My Mother Lashed By The Taliban For Revealing Her Face For A Couple Of Minutes" - Afghan Lady
Some days back, The Taliban took over the government of Afghanistan in a situation where the now-former president of Afghanistan was said to have fled from the country. Since the takeover of Afghanistan by the Taliban, the International community have been talking about its negative effect on the world, one of this effect is the way the Taliban treat women, isolating them and not allowing them to get Western education.
It is no longer news that one of the co founders of Tik Tok,Zhang Yiming,is stepping down as CEO of ByteDance,the Chinese Company that owns Tik Tok. According to Bloomberg,the 38 year old billionaire,with an estimated net worth of $44.5 billion,in an official letter,dated 24th May,2021,addressed to his employees,said he was giving up the role of CEO because he lacks managerial skills.
Aliko Dangote, President of Dangote Industries and Africa’s richest man, has outlined steps that are needed to be taken to be a successful businessman in Nigeria or elsewhere. In an interview with Bloomberg, the business mogul, disclosed that being familiar with every business he invested in and intensifying his effort towards their growth resulted to the success he is known for today.
The UEFA Champions League has decided that huge funds will be raised to ensure that football returns to normal. They have been able to raise as much as 6 billion Euros in other to allow fans to attend stadiums to cheer their favourite players and stars. To reverse the situation, UEFA has developed a 6 billion Euros rescue plan, which will help all clubs get back on their feet when football returns to normal.
By the time divorce proceedings between Bill Gates and his wife, Melinda Gates, is finalized, the Microsoft cofounder may be worth just half of his current net worth, estimated to be in the region of around $145b.That could technically mean he is worth just about $73b... still a staggering fortune indeed, but not enough to make him among the top 10 richest people in the world.
Kano State's richest man, Alhaji Aliko Dangote, has become the 117th richest man in the world. This is one of the latest figures released by Bloomberg, the world's richest newspaper. The newspaper publishes its data after calculating the wealth of each billionaire's Bloomberg Billionaire Index.
President Mohammadu Buhari funded his campaign in 2019 with bribes paid to the Nigerian National Petroleum Corporation NNPC by British petroleum ,according to testimony from a court case filled in London. At least $900,000(#513 million) was paid as bribe to the state - run oil company that reportedly went to the president's reelection war chest ,Bloomberg said .
Aliko Dangote was the lone Nigerian on the list of 500 billionaires on Tuesday, according to the Bloomberg Billionaires Index. As of 6:19 p.m. Nigerian time on Tuesday, Dangote, ranked 115th, was the richest African and the only Nigerian on the list, with a net worth of $17.8 billion, up from $14.8 billion the previous year, according to the index, which polls the net worth of the world's richest 500 people and is updated by the close of trading at the New York Stock Exchange.
The Apparent Implications Of OTC Trading By The Chinese, Shortly After Government Imposed Crypto Ban
Over the counter (OTC) trading is characterized by a situation where by two or more market participants deal in assets directly without the involvement of an exchange. This is in sharp contrast of the benefits offered by exchanges in that, they help sustain liquidity, facilitate transparency, and maintain trading within the prevailing market price.
A good Samaritan has stirred a lot of reactions online after he promised to help a man's son till he graduates from university.This kind gesture has made many people praise him.The fact is that many people are struggling and striving hard to survive and make ends meet in the country.
In the past decades, institutional racism and inequality in education, medical insurance, finance and other aspects have greatly widened the gap between the rich and the poor in America. In 2018, according to the Gini coefficient, household income distribution in the United States rose to 0.485, showing the highest level of wealth gap in the past fifty years.
The founder of Microsoft cooperation, Bill Gates has been removed from the list of billionaires around the world by the media cooperation, Bloomberg.Bloomberg is a media conglomerate that is a provider of financial news in the world.One of their functions is to enlist the names of successful entrepreneurs around the world who have turned out to be billionaires.
Lai Mohammed, the minister of information has said that negotiation with Twitter Inc., the American social media colossus has been fruitful and is expected to reach a consensus very soon. Lai Mohammed on Wednesday in an interview with Bloomberg television said that Twitter has met 70% of the government's demand and conditions.
It is no more news that one of the richest men in the whole world has just gotten divorced, in the person of Bill Gates.Bill Gates is currently the Fourth Richest Man in the world just behind Jeff Bezos, Elon Musk, and Bernard Arnault.According to a report from Bloomberg as of 2nd May 2021, the Billionaire is said to be worth over $145 Billion US Dollars.
News coming in from several foreign new media disclosed that former World richest and philanthropists Bill Gate have announced that he is divorcing his wife, Melinda Gate.Bill Gate and Melinda have been married for 27 years and both have run their billion-dollar empire together without hassle or controversies in the past.
Zhang Yiming is finally stepping down as the CEO of ByteDance a major segment of TikTok. On Thursday the 20th of May 2021, the 38-year-old man openly declared that he lacked managerial skill and will prefer to daydream and read. It was recorded by Bloomberg that his net worth was 44.5 billion dollars which listed him as the 31st richest person in the world.