Friday, May 7

Tag: Acquisition

Jay-Z Sells 50% Stake of his Champagne Brand to Luxury Giant LVMH
Celebs

Jay-Z Sells 50% Stake of his Champagne Brand to Luxury Giant LVMH

Jay-Z has sold 50% stake of his Champagne brand, Armand de Brignac, to luxury giant LVMH’s Moët Hennessy in a partnership deal. The 51-year-old American entrepreneur and rapper sold half of his champagne brand to Moët Hennessy for an undisclosed price, and the Financial Times reports he said the move will help take Armand de Brignac to “the next level of taste and distribution.” On Monday, LVMH’s Moët Hennessy announced the partnership with Jay-Z through the 50 percent acquisition of his Armand de Brignac champagne brand. “I’m proud to welcome the Arnault family into ours through this partnership that began with Alexandre Arnault and continued with his father Bernard Arnault and Philippe Schaus, at my home in Los Angeles,” said Jay-Z of the new partnership in a statement. “...
Why is it just the female actors that are buying cars and building houses in Nollywood? – Ruggedman asks
Celebs

Why is it just the female actors that are buying cars and building houses in Nollywood? – Ruggedman asks

Veteran rapper, Ruggedman has shared his thoughts on property acquisition by Nollywood actresses.   In a tweet he shared, Ruggedman asked why only the female actors are the ones buying cars and building houses.   The rapper who wondered why the male actors are left behind, added that it has discouraged him from acting.   He tweeted;   My male actors in nollywood whats going on? Its just the females that are buying cars and building houses left and right. I wanted to come into nollywood but at this rate, I am not coming again  
Hernandez is Dynamic Despite his ‘Tactical Deficits’, says Bayern Coach Flick
Sport

Hernandez is Dynamic Despite his ‘Tactical Deficits’, says Bayern Coach Flick

The French defender has been linked with a move away from Bavaria after a tough debut season Lucas Hernandez still needs to get up to speed with the tactical demands of playing for Bayern Munich following his spell on the sidelines, according to boss Hansi Flick. World Cup-winning France international Hernandez was an €80 million (£72m/$91m) acquisition from Atletico Madrid last year but he has struggled during his debut campaign in Bavaria. The 24-year-old suffered ankle ligament damage at the end of October and was sidelined for more than three months.
Kylie Jenner Fires Back at Forbes After Claim she Lied to Gain Billionaire Status
Celebs

Kylie Jenner Fires Back at Forbes After Claim she Lied to Gain Billionaire Status

Kylie Jenner has fired back at Forbes for claiming she forged documents and over exaggerated her business to attain the billionaire status, saying she is not a billionaire. Kylie bashed the most explosive claim in the report, that she and her publicists had shown journalists tax returns that were likely forged in order to support inflated claims of her net worth. Forbes had put Kylie on the cover in March 2019, hailing her as the youngest ever self-made billionaire but on Friday, May 29, 2020 it claims it had been shown 2016 tax returns indicating revenue far higher than the numbers revealed by Coty’s filing, and that there were only two explanations: Kylie Cosmetics’ sales had utterly collapsed in the two years before the acquisition, or the tax returns were fabricated. She r...
Europe’s wealthiest man, Bernard Arnault has Lost $30BILLION During Coronavirus Crisis
Lifestyle

Europe’s wealthiest man, Bernard Arnault has Lost $30BILLION During Coronavirus Crisis

Bernard Arnault, the richest man in Europe and third-richest billionaire worldwide, has lost an astonishing $30billion during the Coronavirus pandemic more than any other person in the world. The Frenchman, 71,  is the chairman and CEO of the prestigious luxury empire LVMH Moët Hennessy and oversees a portfolio of 70 luxury brands, including Louis Vuitton and Sephora. While the economy is struggling globally due to the Coronavirus pandemic, LVMH shares has plummeted by 19% in a year, Bloomberg reported. It means Arnault's net worth has plunged by a staggering $30billion, as calculated by the Bloomberg Billionaires Index. It was also reported that he has lost more than any other individual in the world. As of May 6, the businessman had lost as much money as Jeff Bezos, ch...
Pape Gueye’s Watford transfer from Le Havre not complete – Agent
Sport

Pape Gueye’s Watford transfer from Le Havre not complete – Agent

The 21-year-old's representative says some details still need to be finalised for his move to Vicarage Road Pierre-Henri Bovis, the agent of Pape Gueye, has come out to state that his transfer from Ligue 2 side Le Harve to Watford is not complete. The 21-year-old of Senegalese descent was recently announced as a new acquisition by the Hornets. He is due to arrive on July 1 with his contract at Le Harve expiring this summer. "We are wondering about possible irregularities around the signing of the contract," Bovis told L'Equipe. "We do not deny the existence of an agreement concluded with Watford through the former agent of Pape Gueye, but we point the finger at what could appear to be anomalies." Gueye has spent his entire career to date at Le Havre, making his debut in 201...
NYSC Takes Proactive Steps To Prevent Coronavirus, Lassa Fever in Niger State
News

NYSC Takes Proactive Steps To Prevent Coronavirus, Lassa Fever in Niger State

The National Youth Service Corps (NYSC) in Niger State has taken proactive steps to protect corps members against coronavirus and Lassa fever diseases. The state Coordinator of the NYSC, Mrs Funmilayo Ajayi, who disclosed this in Minna on Thursday, said among the steps taken are the acquisition of infrared thermometers for the testing of corps members and hand sanitizers. Ajayi added that the NYSC secretariat will also print and distribute sensitization leaflets on Lassa fever and coronavirus diseases to the corps members. Speaking at the swearing-in of the batch A stream 1 orientation programme for the corps members at the NYSC permanent orientation camp in Paiko, Ajayi said 1,774 corps members, made up of 907 females and 867 males, have so far been registered f...
Celebs

Davido’s Billionaire Dad, Adedeji Adeleke Buys $62m Bombardier Express Jet

Billionaire businessman, Adedeji Adeleke, who is singer Davido's father, has acquired a new private jet. His latest acquisition is a Bombadier Global Express 6000. According to publisher, Dele Momodu, Adeleke's new jet is worth over $62m. In 2018, Mr Adeleke also bought a jet said to be worth $35 million. Congrats to him! See a video of the jet when it arrived Nigeria  
Lagos State Emergency Service Adds Water Rescue Boats to its Emergency Response Fleet
News

Lagos State Emergency Service Adds Water Rescue Boats to its Emergency Response Fleet

The Lagos State Emergency Management Agency (LASEMA) is poised for water rescues along the Lagos coastline with the launch of its Water Rescue Unit. The agency recently reviewed its emergency response procedures and has welcomed new additions to its fleet, water rescue speed boats. The additional rescue equipment will support the agency’s efforts in its quest to continuously improve on its ability to deliver expedient emergency response services to its residents. The boats are for future flood incidents and water rescues and were prioritized by the State government in the wake of recent water accidents and drownings. The Lagos State Governor, Mr. Babajide Sanwaolu said the main goal is to keep the community safe and the acquisition of the essential water equipment would allow the St...
Ismaila Sarr: Is Watford’s record signing primed for Premier League success?
Sport

Ismaila Sarr: Is Watford’s record signing primed for Premier League success?

The Senegal attacker has the attributes to take Europe’s most popular league by storm Deadline Day is often associated with panic buys as clubs rush to get deals over the line in time. However, Watford’s signing of Ismaila Sarr on the final day of the window shouldn’t be placed in that bracket. The Hornets had to fight off some relatively strong competition to seal the acquisition of the Rennes player, who’d turned into one the finest young wingers in Europe since moving from Metz in 2017. You asked, we delivered... Five-year deal ✅ Club record fee ✅ Squad number 23 ✅#AnnounceSarr — Watford Football Club (@WatfordFC) August 8, 2019 Javi Gracia’s decision to trust the 21-year-old is a real show of confidence in a talent that has blossomed in the last couple of years, and...
Cutrone joins Wolves from AC Milan
Sport

Cutrone joins Wolves from AC Milan

Nuno Espirito Santo has boosted his striking options with the acquisition of the young Italian Wolves have signed striker Patrick Cutrone from AC Milan in a deal that could reportedly rise to around £20 million ($24m). The one-cap Italy international has left his boyhood club to take up a four-year contract at Molineux. "I'm very pleased to be here because the club really wanted me. I'm very happy and want to give my all for the team," Cutrone said in a statement.
Atletico Madrid spending spree continues with €29m Hermoso capture
Sport

Atletico Madrid spending spree continues with €29m Hermoso capture

The Espanyol defender is the latest player to join Diego Simeone's side, with the likes of Joao Felix and Kieran Trippier having already signed Atletico Madrid's close-season spending spree has continued with the €29 million (£26m/$33m) acquisition of Spain defender Mario Hermoso from Espanyol. The 24-year-old centre-back has cost Atletico €25m (£22m/$28m) upfront, with a further €4m to follow in the shape of various performance-related add-ons. Hermoso had just 12 months left on his Espanyol contract and has now agreed to a five-year deal at the Wanda Metropolitano.
Aston Villa blowing away Premier League in transfer market as they near €100m spending mark
Uncategorized

Aston Villa blowing away Premier League in transfer market as they near €100m spending mark

Dean Smith's side are splashing some serious cash over the summer as they eye a successful return to the top-flight Promotion to the Premier League is worth an estimated €189 million (£170m/$216m) for clubs and that's a figure Aston Villa are very quickly putting to good use. After beating Derby County in the Championship play-off final, Dean Smith hasn't wasted any time rebuilding his squad with current off-season spending for the club sitting at a stunning €93 million (£83m/$104m). Villa have managed to splash more cash than any other club in the Premier League. Manchester City's spending is currently a three million shy of Villa's, despite their pricey acquisition of Rodri.
Mali defender Youssouf Kone joins Lyon from rivals Lille
Sport

Mali defender Youssouf Kone joins Lyon from rivals Lille

The Mali international has become the latest acquisition by the Kids after agreeing a deal with the side Youssouf Kone has signed for Olympique Lyon from French Ligue 1 rivals Lille for a fee of €9 million on a five-year contract. Kone, a graduate of Lille academy, made his Ligue 1 debut in 2014. In the 2018/19 season, he made 20 league appearances for the Great Danes as they finished as runners-up behind Paris Saint-Germain. The left-back featured for Mali in the 2019 Africa Cup of Nations, where the Eagles were eliminated in the Round of 16 by Cote-d’Ivoire.
Kogi Students Backs Gov Bello For Second Term
News

Kogi Students Backs Gov Bello For Second Term

The leaderships of various student bodies in Kogi have endorsed Gov Yahaya Bello’s bid for a second term in office, the News Agency of Nigeria (NAN), reports. The students, at a press conference on Thursday in Lokoja, said that Bello had performed creditably and deserved four more years. The groups include Kogi Chapter of National Association of Nigerian Students (NANS), National Association of Kogi Students (NAKOSS), Igala Students Association (ISA), National Association of Ebira Students (NAES), and the National Association of Okun Students (NAOS). Mr Hussein Attaja, spokesman of the students, said that the decision was a fallout of the recent interface by the Conference of All Students Associations where a vote of confidence was passed on the governor. According to Attaja, B...
195 Nigerians return from Libya —NEMA
News

195 Nigerians return from Libya —NEMA

The National Emergency Management Agency (NEMA) has received another batch of 195 stranded Nigerians from Libya. Alhaji Idris Muhammed, Coordinator, Lagos Territorial Office, NEMA, who confirmed the development to newsmen on Thursday in Ikeja, said this was the largest batch of voluntary returnees since the exercise began in April 2017. Muhammed said the Nigerians arrived at the Cargo Wing of the Murtala Muhammed International Airport, Ikeja at 8.20p.m. on Wednesday aboard a chartered Al Buraq Air aircraft with registration number 5A-DMG SEB. He disclosed that they were the 69th batch of returnees brought back by the International Organisation for Migration (IOM) and the European Union (EU) under the Assisted Voluntary Returnees (AVR) Programme.Natio According to him, after pro...
Mike Tyson: The Most Dreaded Boxers In History And His Extraordinary love For Cars
Sport

Mike Tyson: The Most Dreaded Boxers In History And His Extraordinary love For Cars

Mike Tyson was one of the toughest and most dreaded figures in boxing history. His first 19 fights were won by knockouts. Twelve (12) of those demolitions were in the first round. At the peak of his boxing career, he amassed an estimated net worth of about $300 million. Sadly, he blew this fortune on a lavish lifestyle. Tyson also achieved fame for his extraordinary habit of acquiring luxury cars. In 2002, after his defeat to Lennox Lewis, Tyson fortune suffered significant financial decline. in 2003, after a bout of overspending and the accumulation of taxes, he filed for Bankruptcy. Sadly, the Hall of Fame boxer had to sell most of his cars to auctions and celebrity museums. At the peak of his boxing career,  “Iron Mike” Tyson’s car collection included: se...
Probe Okorocha, stakeholders urge Ihedioha
News

Probe Okorocha, stakeholders urge Ihedioha

The appeal is one major demands of some Imo people in a 10-point document, the groups jointly submitted to Ihedioha According to a communiqué by the National Coordinator of the Forum, Chief Finbar Chidubem,who is also the president-general of Imo Prosperity Network,IPN, the stakeholders said the 10-point document is to set agenda for the in-coming governor so that he would be properly guided on the major aspirations of the people that gave him mandate. Other groups in the forum are Imo Sons and Daughters (ISD), Imo Peoples’ Congress for Development (IPCD), Imo Watchdogs for Transparency and Good Governance (IWTGG) and Women of Imo for Community Development (WICD). They said: “Having succeeded in overthrowing the evil rule, it is now time to take stock of what happened in the state...
Hushpuppi Got Himself A New Ride Worth N74M Bentley Bentayga For Valentine
Celebs

Hushpuppi Got Himself A New Ride Worth N74M Bentley Bentayga For Valentine

Hushpuppi just shared photos of his latest acquisition, a Bentley Bentayga on his Instagram page. The car is reportedly worth N74 milion. According to him, he bought it to celebrate Valentine's day. ''Bought myself a new Bentley Bentayga for Valentines. The best way to celebrate the season of love See more photos and videos he shared below  
Chelsea Plots Summer Swoop for Barca Star, Rakitic
Sport

Chelsea Plots Summer Swoop for Barca Star, Rakitic

There may be one day left until the end of the January transfer deadline looms, but Chelsea are already planning their shopping for the summer window. And according to Spanish outlet Sport, the Blues have pinpointed Barcelona’s Ivan Rakitic as one ideal addition. The front cover of their publication on Tuesday leads with this story – stating that Chelsea are ready to negotiate with Barca over the possible signing. However, they report that the midfielder would prefer to remain at the Nou Camp – despite the imminent £65million acquisition Frenkie de Jong from Ajax. Speaking about his future recently, Rakitic made it clear that he wishes to stay in Catalonia. ‘If I am here (at Barcelona), it’s to play,’ he said. ‘If anything has to change, we will speak. I have a lot of...
Anita Ukah, MGBN 2018 Winner Buys Mum a Car
Celebs

Anita Ukah, MGBN 2018 Winner Buys Mum a Car

Anita Ukah, Most Beautiful Girl in Nigeria (MBGN 2018) winner, just bought her mum a new car and took to Instagram to show off the new acquisition. Anita Ukah who shared photos of the new car she bought her mum and a video from the hand over session, wrote; We love you Mummy!❤️ Who’s tapping into this new year grace? Most beautiful woman in the world, Momma to Most beautiful girl in Nigeria World❤️ Love you lots View this post on Instagram Most beautiful woman in the world, Momma to Most beautiful girl in Nigeria World❤️ Love you lots❤️ A post shared by Miss World Nigeria 2018 (@anita_ukah) on Jan 18, 2019 at 5:37am PST The beautiful lady had previously won the title of Miss Igbinedion University, Oka...
Northern Youths Launch Campaign against Violence, Drug Abuse
News

Northern Youths Launch Campaign against Violence, Drug Abuse

As 2019 general election approaches, Northern youth under the auspices of the Northern Youth Assembly of Nigeria (NYAN) Tuesday launched a campaign against violence and drug abuse among youth in Bauchi State. Speaking during the occasion, the national speaker of the assembly Ukasha Hamza Rahama explained that the campaign became imperative “because some irresponsible politicians” might use drug on some youth to cause violence in order to achieve their political mission. He opined that although there were agitations for youth’s active participation in politics, they should not belittle themselves to become political thugs of candidates “who will later dump them after election.” Rahama assured that the assembly would partner with relevant stakeholders in the fight to eradicate dru...
IAEA Approves Nuclear, Cancer Treatment Reactor Projects for Nigeria
News, Uncategorized

IAEA Approves Nuclear, Cancer Treatment Reactor Projects for Nigeria

Ogbonnaya Onu The International Atomic Energy Agency (IAEA) has given Nigeria the go ahead to embark on five critical projects in nuclear power energy, cancer management, livestock production, governmental and regulatory infrastructure for nuclear and radiation safety and radiation oncology. The projects due to commence in 2020, were approved under the Country Programme Framework document. The Minister of Science and Technology, Dr Ogbonnaya Onu, made the announcement yesterday at the ministerial conference on nuclear science and technology in Vienna, Austria. Onu, who led the Nigeria delegation, said the designs of these projects had been completed and submitted to the IAEA for review. Those on the delegation included, Permanent Secretary Political & Economic Affairs Off...
Dangote Refinery To Save Nigeria From Dirty Fuels With Euro V Specification
News

Dangote Refinery To Save Nigeria From Dirty Fuels With Euro V Specification

Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification. Sulphur in petroleum fuels results in vehicle exhaust emissions that have negative impact on health and environment. Nigeria has continued to remain a home for fuels with very high sulphur contents (dirty fuels), and the presumed ban on such products happens not to be having any effect. Speaking on Promoting Efficiency & Clean Fuels in African Refining and Petrochemicals Market at the Oil Trading and Logistics (OTL) conference in Lagos on Tuesday, Dangote’s Group Executive Director, Devakumar Edwin, said Dangote Refinery is investing in most advanced units to...
Saudi Crown Prince Planning To Splash Over £3bn To Buy Manchester United
Sport

Saudi Crown Prince Planning To Splash Over £3bn To Buy Manchester United

Saudi Arabian crown prince, Mohammad bin Salman, who is worth £850billion is reportedly planning to .splash over £3bn to buy Manchester United. Mohammad bin Salman, is said to be set to make a huge Middle East investment by splashing over £3bn to buy Manchester United football club. The 33-year-old who holds the second highest position in the Saudi government behind the King was previously reported to be planning on taking over the Abu Dhabi-based owners of Manchester City in the Premier League.   Now The Sun is reporting that Bin Salman wants to make his mark in the world of football and views the Glazer-owned Manchester United as the perfect acquisition To acquire the club, it would cost the Saudis more than £3bn to become the new owners of Manchester United. It is...
How Air Peace Shocked Aviation Industry With Order For 10 New MAX 8 Planes
News

How Air Peace Shocked Aviation Industry With Order For 10 New MAX 8 Planes

  Chairman/Chief Executive Officer of Air Peace, Mr. Allen Onyema flanked by Air Peace Vice Chairman, Mrs. Alice Onyema (3rd left), Sales Director (West and Central Africa) of Boeing Commercial Airplanes, Mr. Larry Tolliver (left), US Consul General in Lagos, Mr. John Bray (2nd left), Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo (3rd right), Executive Director, Commercial and Consumer Banking of Fidelity Bank, Nneka Onyeali-Ikpe (2nd right) and Boeing Regional Director (Contracts), Mr. John Fonvielle during the signing of an agreement between Air Peace and Boeing for 10 brand new Boeing 737 MAX 8 aircraft in Lagos on Thursday   Nigeria's leading carrier, Air Peace’s order for 10 brand new 737 MAX 8 aircraft from American aircraft maker, Boeing has set the a...
FG Presents House To Late Ocholi’s Family
News

FG Presents House To Late Ocholi’s Family

More than two years after his demise, the Federal Government has redeemed its pledge of a house to the family of late Minister of Labour and Employment, Mr James Ocholi, SAN. CONDOLENCE—Daughter of late James Ocholi, Ale and son, Aaron Ocholi at the residence of the late Minister of State at Kado Estate, Abuja. Photos: Abayomi Adeshida Ocholi, his wife and a son died in a road accident along the Kaduna- Abuja highway on March 6, 2016. At a brief event Thursday in the Office of the Secretary to the Government of the Federation, Permanent Secretary, General Services Office, Mr Olusegun Adekunle said the gesture was was in fulfilment of the pledge by the government to the surviving children, saying, “it is a promise kept”. The four bedroom terrace house is located at the Flower G...
FG Set To Review Corps Members Monthly Allowance
News

FG Set To Review Corps Members Monthly Allowance

The Director General NYSC, Brigadier General Suleiman Kazaure has revealed plans by the Federal Government to review the allowances of Corps Members. Brigadier General Kazaure made the revelation while addressing the 2018 Batch 'B’ Corps Members deployed to the FCT at the NYSC permanent orientation camp in Kubwa today August 2nd. He said government was taking necessary steps to review upward Corps Members allowance. The NYSC Boss advised the corps members to seize the opportunity available by the scheme's skill acquisition programme to empower themselves to be self-reliant during and after the service year. ‘‘You are the future leaders and our hope is in you’’ the DG added. He charged them to be good ambassadors of the scheme and their families with a call to ensure that Niger...
NGO Trains Women On ICT, Skills Acquisition
News

NGO Trains Women On ICT, Skills Acquisition

Mrs Wunmi Hassan, the President Hi-Tech Centre for Women and Youths, an (NGO) on Friday said the centre was currently training over 100 women in ICT and different skills. Hassan, who spoke in an interview with the News Agency of Abuja (NAN) in Abuja, said that the centre was carrying out the training with the support of Intel Corporation, an American Multinational and technology company. According to her, the training which is tagged: “Raised Women Entrepreneur’’ started about a month ago and for women entrepreneurs from 18 years and above. Hassan said that the training opportunity was aimed at 2000 women using ICT tools for business growth and entrepreneurial skills. She said that the training would avail the women the opportunity to learn how to be entrepreneurs with at least...
FG To Begin Skills Acquisition Program In 18 States
News

FG To Begin Skills Acquisition Program In 18 States

The Federal Government says it will begin skill acquisition training in 18 states across the six-political zone of the federation in March. The Minister of Labour and Employment, Sen. Chris Ngige, made this known in a statement made available to the News Agency of Nigeria (NAN) on Wednesday in Abuja. Ngige had led a team from his ministry and the National Directorate of Employment (NDE) on an inspection tour of facilities in Lagos for the effective take off of various training programmes. He said that Lagos and the Abuja Federal Capital would be a strategic pivot for the first phase of the training programme. “Federal Government is worried over the rate of unemployment in the country and is already tackling it from different fronts. “Recall that job creation is one of the cardinal...
Dangote Acquires Gas Processing Company in Netherlands
News

Dangote Acquires Gas Processing Company in Netherlands

Africa's richest man, Aliko Dangote has completed the acquisition of Twister B.V., a gas processing company headquartered in the Netherlands. A statement by his company, Dangote Industries Limited (DIL) announcing the new acquisition, says the new company would help design and build the gas plants which would be critical in processing gas from oil fields for transportation via Dangote’s planned sub-sea pipeline (EWOGGS) for ultimate consumption by various industries and power plants. The statement quotes Dangote as saying “This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3bcfd of gas in order to meet Nigeria’s gas needs.” Chief Executive Officer of Twister, John Young who also spoke...
EFCC Uncovers Fresh $5m Cash Given to Fayose by Obanikoro
Scandals and Rumours

EFCC Uncovers Fresh $5m Cash Given to Fayose by Obanikoro

The Economic and Financial Crimes Commission has uncovered another $5m (N1.040billion) cash allegedly given to Governor Ayo Fayose by former Minister of State for Defence Musiliu Obanikoro. This cash is said to be part of the N4.7bn slush funds traced to Obanikoro’s firm, Sylva McNamara. Out of the $5 million, EFCC’s investigation has shown how Fayose allegedly gave Abiodun Agbele over $1million as part-payment for the acquisition of four chalets in Lagos. It was learnt by The Nation that that bubble burst when Agbele took the $1m to a Bureau De Change (BDC) man, Ahmed Uba, who transferred the cash to Still Earth as part-payment for the properties. Also, EFCC has grilled Ekiti State Commissioner for Justice and Attorney-General Kolapo Kolade, who admitted that he facilitated th...

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