Tuesday, October 26

Tag: Stock

Bill Gates transferred another $2 billion worth of stock to ex-wife Melinda, totaling $6billion he has transferred to her since their divorce announcement
News

Bill Gates transferred another $2 billion worth of stock to ex-wife Melinda, totaling $6billion he has transferred to her since their divorce announcement

Despite their divorce, Bill Gates seems to be keeping to the promise he made on Wednesday, August 4, when he told CNN that he and Melinda French Gates would try to keep working together on their foundation after their divorce. Bill Gates transferred more than $2 billion in stock to Melinda French Gates on Thursday, August 5, according to Bloomberg. This takes total transfers from Bill Gates to Melinda French Gates since they announced their divorce in May to about $6 billion. Cascade Investment, Gates' investment vehicle, transferred 3.3 million shares, collectively worth $387 million, of the automotive retailer AutoNation to French Gates, an SEC filing showed, according to Bloomberg. Bill Gates also transferred 2.8 million shares worth a total of $1 billion of the manufact...
French fashion tycoon, Bernard Arnault overtakes Jeff Bezos to become the world’s richest man after his net worth climbs to $186 billion
Lifestyle

French fashion tycoon, Bernard Arnault overtakes Jeff Bezos to become the world’s richest man after his net worth climbs to $186 billion

French fashion tycoon, Bernard Arnault is now the world's richest man after his net worth climbed to $186.3billion. The chief executive of Moët Hennessy Louis Vuitton (LVMH) saw his luxury goods firm stock increase by 0.4 per cent during the first hours of trading on Monday, May 24. The rise pushed Arnault's personal stake up by more than $600million and placed LVMH's market cap at $320billion, according to Forbes. Arnault's overall net worth jumped to $186.3billion, edging past Amazon CEO Jeff Bezos, who is worth $186billion, by 'only' $300million in the world's rich list. It comes just days after Arnault pushed Elon Musk, worth $147.3billion, out of his spot as the world's second-richest man after Tesla's share price sank. Musk dropped out of his spot as the world's se...
Jeff Bezos to Step Down as Amazon CEO After 26 Years at the Helm
Business

Jeff Bezos to Step Down as Amazon CEO After 26 Years at the Helm

The world's richest man, Jeff Bezos will step down as Amazon CEO later this year and transition to the role of executive chair, the company has announced. According to the February 2 announcement, Bezos will be replaced by Andy Jassy. Bezos has been Amazon's CEO since its founding in 1995 and grew the company from an online bookseller into a $1.7 trillion global retail and logistics Heavyweight. His replacement, Jassy has worked for Amazon since 1997 and currently serves as CEO of the company's cloud business, Amazon Web Services.. Bezos said in a letter to employees Tuesday that he is excited to take the next step. "Being the CEO of Amazon is a deep responsibility, and it's consuming," Bezos wrote. "When you have a responsibility like that, it's hard to put attention...
George Floyd’s Daughter, Gianna, Becomes a Disney Shareholder
News

George Floyd’s Daughter, Gianna, Becomes a Disney Shareholder

Gianna Floyd, the 6-year-old daughter of George Floyd, is now a Disney shareholder, though not without the help of Barbra Streisand, who gifted her the stock. Gianna posted a photo on her Instagram account holding her Disney shares certificate and thanked Streisand in the caption. “Thank you Barbra Streisand for my package, I am now a Disney Stockholder thanks to you,” she wrote. The 10-time Grammy winner also gave Gianna two copies of her studio albums “My Name Is Barbra” and “Color Me Barba” from 1965 and 1966, respectively. Disney shares go for about $115, though it remains unclear how many shares Gianna was gifted. This kindness is just the latest amid an outpouring of love and support for Gianna and the rest of George’s family. Texas Southern University had recen...
See What Flood Did To Vehicles In Sango Ota, Ogun State
Uncategorized

See What Flood Did To Vehicles In Sango Ota, Ogun State

Here the moment flood takes over major road in sango ota, Ogun state. From the video footage the flood covers the vehicles, and people in other side were stock inside the water which prompt them to enter inside the water and start pushing the vehicle. Business people there and residence of the area cries for government attention, seaking for help from the state government.  
Juventus shares soar after Ronaldo hat-trick rescues Champions League
Sport

Juventus shares soar after Ronaldo hat-trick rescues Champions League

Juventus shares soared by over 20% on the Milan stock exchange on Wednesday, the morning after Cristiano Ronaldo’s incredible hat-trick rescued the Italian giants Champions League campaign. The Portuguese superstar added a late penalty to a pair of headers for a 3-0 win on the night and 3-2 on aggregate over Atletico Madrid to seal a place in the quarter-finals. The Turin club’s shares jumped by 23% after the Milan stock exchange opened before dipping to 17.09% later in the morning. In 90 minutes the five-time Ballon d’Or winner demonstrated why Juventus splashed out 100 million euros ($117 million) last summer to bring the Real Madrid star to Italy, in addition to his annual salary of 31 million euros. “That’s why Juventus bought me, to help them in games like this,”...
Imo Was A Laughing Stock Under Okorocha – Uzodinma
Politics

Imo Was A Laughing Stock Under Okorocha – Uzodinma

The candidate of the All Progressives Congress (APC) in Imo state, Senator Hope Uzodinma has said that people of the state were mocked in several quarters across the country before he emerged to stop the son-in-law of the governor from becoming the governorship candidate of the party in the state. Speaking during the official unveiling of his manifesto in Owerri, Senator Uzodinma stated that it was regrettable that the fortunes of the state were controlled only by one man who pocketed everything and went further to attempt producing the husband of the first daughter as successor. According to Uzodinma “Imo people were mocked. We were a laughing stock in Abuja where those who knew Okorocha’s plans laughed at us that there are no men in the state to stop the father to son-in-law tr...
2019: Full Text of President Buhari’s New Year Message To Nigerians
News

2019: Full Text of President Buhari’s New Year Message To Nigerians

President Muhammadu Buhari has welcomed Nigerians into the year 2019. Buhari stated that the year 2019 will be significant for the country. Dear compatriots, It is my utmost pleasure to rejoice with all Nigerians as we enter the year 2019, which will be a very significant one for our country. 2. At the turn of every year, we often use the opportunity to look back at the past and forward to the future. To review the outgoing year, its high and low points, successes and failures, and be fully thankful to God. 3. We Nigerians are a religious people, and we believe that God reigns and rules in the affairs of men. A time like this offers precious opportunity for thanksgiving, stock taking and reflection on goals and targets set for the receding year, and how much was accomplished. T...
NNPC To Raise Petrol Stock Levels To 50 Days Supply Sufficiency
News

NNPC To Raise Petrol Stock Levels To 50 Days Supply Sufficiency

The Nigerian National Petroleum Corporation (NNPC) wednesday said it would raise the level of current petrol stock from 45 to 50 days, stating that this should provide adequate supply buffer for the country going into the impending Christmas and New Year season. The NNPC also urged, through its subsidiary, Petroleum Products Marketing Company (PPMC), oil marketers under the aegis of Major Marketers Association of Nigeria (MOMAN), to regulate the volumes of petroleum products they send to their members’ affiliate stations close to Nigeria’s borders with other African countries The move is to stem the smuggling of the country’s cheap petroleum products to other countries. A statement from the Group General Manager Public Affairs of the NNPC, Mr. Ndu Ughamadu, quoted the Managing...
NSE Market Indicators Record Marginal Gains
Aware

NSE Market Indicators Record Marginal Gains

Activities on the Nigerian Stock Exchange (NSE) improved on Tuesday with the market indicators appreciating marginally due to price gains by some blue chips. Nigerian Stock Exchange The market capitalisation rose by N242 billion or 2.04 per cent to close at N12.089 trillion against the N11.847 trillion recorded on Monday. Also, the All-Share Index rose by 704.27 points or 2.17 per cent to close at 33,114.44 from the 32,440.17 posted on Monday. Nestle led the price gainers’ table, gaining N95 to close at N1,495 per share. Dangote cement followed with a gain of N5 to close at N210, while International Breweries and Stanbic IBTC added N2 each to close at N32.5 and N44 per share, respectively. GTBank appreciated by N1.75 to close at N37 per share. On the other hand, Total Oil t...
Nigeria’s Foreign Debt Stands At $22.08bn, Local N3.48trn
News

Nigeria’s Foreign Debt Stands At $22.08bn, Local N3.48trn

The National Bureau of Statistics (NBS) says the country’s foreign debt stands at 22.08billion dollars. The bureau’s “Nigerian Domestic and Foreign Debt’’ Q2 2018 report released in Abuja, said the country’s domestic debt stood at N3.48trillion. According to the bureau, further disaggregation of Nigeria’s foreign debt shows that 10.88billion dollars of the debt is multilateral and 274.98million dollars is bilateral. Multilateral debts are debts owed by developing countries to the World Bank and IMF, known as the Bretton Woods Institutions while bilateral debt is a simple loan arrangement between a single borrower and a single lender. It said: “There is another 2.12billion dollar bilateral from the Exim Bank of China, Japan International Cooperation Agency, India and KfW bank while 8...
Domestic Debts Of 36 States, FCT Hit N3.5trn In H1’18
News

Domestic Debts Of 36 States, FCT Hit N3.5trn In H1’18

The Debt Management Office (DMO), yesterday, said the domestic debt stock of the country’s 36 states and the Federal Capital Territory (FCT) stood at N3.5 trillion as at the first half of 2018 (H1’18). The figure indicates that the states and FCT increased their debt stock by about N200 billion or 6.0 percent over the N3.3 trillion recorded at the end of December 2017. According to data released by DMO on its website, Lagos State has the highest debt stock at N517 billion or 17 percent of the total debt stock of states. The data showed the domestic debt stock of the other states among the top five during the period under review are: Delta (N223 billion), Rivers (N191 billion), Akwa Ibom (N179 billion), and Osun (N136 billion). The states with five lowest debts are: Anambra (N2...
Sell-Off Persists As Stock Market Drops Lower, Records 0.84% Loss
News

Sell-Off Persists As Stock Market Drops Lower, Records 0.84% Loss

The stock market closed lower on Thursday shedding 0.84 percent to extend downtrend to seven consecutive trading sessions as sell- off persists. Nigerian Stock Exchange Specifically, the All Share Index (ASI) was down by 270.56 points, representing a decrease of 0.84 percent closing at 32,022.23 points. Similarly, the market capitalisation was down by N98.78 billion, representing a decrease of 0.84 percent, closing at N11.69 trillion.   Market breadth closed negative, recording 9 gainers against 26 losers. The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; WAPCO (-10.00 percent), Honey Flour (-8.63 percent), Forte Oil (-7.41 percent), NESTLE (-5.48 percent), Access Bank (-5.00 percent), Dangote Flour (-4.76 percent),...
Buhari’s Elevation Of ‘National Interest’ Above Rule Of Law Legal, Constitutional
Politics

Buhari’s Elevation Of ‘National Interest’ Above Rule Of Law Legal, Constitutional

Project-2019 (P2019), a civil society organisation on Thursday said that President Muhammadu Buhari ‘s statement on national interest and the rule of law is legal and constitutional Mr. Wale Ogunade, Convener of the group told newsmen in Lagos, that President Buhari ‘s statement was a restatement of the provisions of the laws of the Federal Republic of Nigeria. ADVERTISING According to him, the President’s statement takes its foundation from the fact that, the rule of law can only exist when the national interest and security is secured in a state of peace and tranquility. Otherwise, it is a farce. President Buhari, while flagging off the 2018 Annual General Conference of the Nigeria Bar Association (NBA) in Abuja on Sunday, asserted the supremacy of national security and i...
Juventus Value Breaks €1bn Barrier Thanks To Ronaldo
Sport

Juventus Value Breaks €1bn Barrier Thanks To Ronaldo

Juventus shares have skyrocketed following the arrival of Cristiano Ronaldo. Ronaldo arrived this summer from Real Madrid in a €112m deal. Shirt sales are through the roof and their stock exchange status has soared. Since June 1, the Juve shares have increased in value by 65.43 per cent (from 0.619 Euros to 1.024), while from July 1 the growth was 55.15 per cent (from 0.660 Euros to 1.024). Calcio e Finanza point out the volume of share sales went from €19m in June to €301m in July. With this, the club also for the first time burst through the level of €1bn in capital, specifically €1,035bn.  

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