Our leaders really need to wake up. Imagine kidnapping university students from their hostel.

God abeg oo.


Click the link for the full gist.
https://www.operanewsapp.com/ng/en/share/detail?news_id=bb735de043d81e5d4a49e4031cc71c47&news_entry_id=s5e993c41231018en_ng&open_type=tanscoded&request_id=ea31042466e2dbc6d8076372d4e1fb1930d43254&from=publisher

The federal government has established a committee to begin the execution of the principle of reciprocity in international relations, especially with regard to its visa-on-arrival policy.

Reports say the committee was set up by Dr. Olubunmi Tunji-Ojo, the Minister of Interior.

The committee which is headed by the Permanent Secretary in the ministry, Oluwatoyin Akinlade, will come up with a report on how best to implement the strategy.

Speaking at a briefing in Abuja, Tunji-Ojo said Nigeria could not be offering visas on a platter to nationals of some countries, who are coming to the country to make money.
https://businesselitesafrica.com/2023/10/05/nigerian-government-takes-action-to-overhaul-visa-on-arrival/

World Richest Man, Elon Musk’s net worth jumped by $10.5 billion as a result of an approximately 6% increase in Tesla’s stock.

The 4.2% increase in Musk’s net worth puts his total riches at $260.4 billion.

https://businesselitesafrica.com/2023/10/05/elon-musks-net-worth-jump-to-260-4-billion-after-6-rise-in/

Starting a business in Lagos, one of Nigeria's bustling economic hubs, offers both opportunities and challenges.

To navigate this dynamic landscape successfully, you need a unique vision, a solid business plan, and the right strategies.

This is why we will be sharing some insider secrets that can help you launch and grow a successful startup in Lagos.

Click on the link for the full gist.

https://businesselitesafrica.com/2023/10/04/7-insider-secrets-to-launching-a-successful-startup-in-lagos/

Aliko Dangote and Carlyle Founders Invest in Upcoming African PE Fund

Nigerian billionaire Aliko Dangote and Carlyle co-founders David Rubenstein and Bill Conway have been named as investors in a new Africa-focused fund.

This comes as Partner Genevieve Sangudi said the private equity firm plans to raise as much as $500 million in the coming months and has garnered $140 million in its first closing.


This is not Dangote’s first partnership with the Carlyle founders. In 2014, Dangote partnered with Blackstone Group to invest $5 billion over the period of 5 years in energy infrastructure projects across Africa.

The deal had a special bias on power, transmission and pipeline projects.
https://businesselitesafrica.com/2023/10/04/aliko-dangote-and-carlyle-founders-invest-in-upcoming-african-pe-fund/

Beyonce Knowles amassed a staggering $579 million in revenue during her recently concluded Renaissance World Tour.

This development set a new benchmark in the global entertainment industry.

The 56-stop tour, which began in May is a reflection of Beyonce’s unwavering dominance in the world of entertainment.

https://businesselitesafrica.com/2023/10/04/beyonces-renaissance-world-tour-rakes-in-579-million-in/

The Lagos State Police recently revealed that controversial singer Azeez Fashola, aka Naira Marley, is in their custody concerning the death of his former record label signee, Ilerioluwa Aloba, aka Mohbad.

This was contained in a tweet by the Lagos Police PRO, Benjamin Hundeyin.

Marley’s questioning comes a few days after he returned to Nigeria to assist in the ongoing investigation into the musician’s death.

https://businesselitesafrica.com/2023/10/04/naira-marley-faces-lagos-police-questioning-in-mohbad-inquiry/

Prof. Patrick Lumumba, a popular Kenyan lawyer and activist, says the new wave of emigration of African talents abroad is modern-day slavery.

He stated that although the colonialists left Africa decades ago they are still indirectly exploiting Africa.

Lumumba who was the former head of the Kenyan anti-corruption agency was one of the speakers at this year’s edition of The Platform, an Independence Day Anniversary event organised in Lagos by Pastor Poju Oyemade’s The Covenant Nation.

https://businesselitesafrica.com/2023/10/03/africans-facing-a-new-form-of-enslavement-through-work-visas/

The Economic and Financial Crimes Commission (EFCC) has successfully secured an arrest warrant for former Minister of Petroleum Resources, Diezani Alison-Madueke.

The commission has also initiated extradition proceedings to bring her back to Nigeria.

Reports say Diezani was arraigned at Westminster’s Court in London, United Kingdom (UK), following allegations of bribery. These charges stem from an investigation conducted by the United Kingdom’s National Crime Agency (NCA).

https://businesselitesafrica.com/2023/10/03/efcc-obtains-arrest-warrant-for-diezani-alison-madueke/

Chicago State University (CSU) has released the long-awaited academic records of President Bola Tinubu, following a request made by former Vice President Atiku Abubakar.

This request came in the wake of their political contest during the 2023 presidential election, where Atiku ran against Tinubu under the banner of the Peoples Democratic Party (PDP).

The records were sought to support allegations that Tinubu had forged his academic certificates, potentially leading to the overturning of his election victory on grounds of forgery.

Tinubu had initially claimed to have lost the original certificates issued by the university but later revealed that he had requested a replacement for his diploma certificate back in 1997.

This replacement diploma was subsequently presented to the Independence National Electoral Commission (INEC) for the 2023 elections, sparking controversy and legal proceedings.
https://businesselitesafrica.com/2023/10/03/tinubus-academic-records-finally-released-to-atiku-by/

The Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, have suspended the indefinite strike scheduled to commence on Tuesday, 3rd of October, 2023.

This was disclosed in a memorandum of understanding issued after a marathon meeting held between the unions and the Federal Government.

The memorandum of understanding was signed by Comrade Joe Ajaero, President NLC, Comrade (Engr) Festus Osifo, TUC President, Comrade Emmanuel Ugboaja, General Secretary NLC and Comrade Nuhu A. Toro, Secretary General, TUC.

https://businesselitesafrica.com/2023/10/03/nlc-and-tuc-suspends-national-strike-temporarily-for-30-days/

In a world where the dollar reigns supreme, several sovereign nations are exploring avenues of de-dollarization to diversify their economies.

The BRICS bloc, along with six other nations, is at the forefront of this economic shift, seeking to mitigate the impacts of dollar shortages and the consistent hikes of the Fed Fund rates which are causing a devaluation of their currencies against the greenback.

https://businesselitesafrica.com/2023/09/29/sovereign-nations-explore-de-dollarization-to-diversify-economies/

The Minister of the Federal Capital Territory, Nyesom Wike, has dismissed the heads of 21 parastatals, agencies, and government companies of the FCT Administration of their appointments with immediate effect.

The Director of Press, Office of the Minister, Anthony Ogunleye, stated this in a press statement in Abuja on Wednesday.

Ogunleye said that the affected appointees should hand over the affairs of their offices to the most senior officers in rank.

He added that appointments in the offices would be made in due course.


https://businesselitesafrica.com/2023/09/28/fct-minister-wike-sacks-leaders-of-21-agencies-and-parastatals/

President of the United States Joe Biden recently appointed two Nigerian-American experts as his special advisers.

These two advisors, Osagie Imasogie and Chineye Ogwumike, are part of a group of 12 members on the President’s Advisory Council.

In a statement from the State House, the establishment of the council was aimed at enhancing dialogue between United States officials and the African Diaspora.

The statement partly reads, “The Council’s members include individuals who have distinguished themselves in government and sports.

“They will provide invaluable guidance to reinforce cultural, social, political, and economic ties between the U.S. and Africa and promote trade, investment, and educational exchanges between the United States and Africa.”

Click the link to read more details about them

https://businesselitesafrica.com/2023/09/28/us-president-appoints-two-nigerian-american-experts-as/

Navigating the diverse landscape of agribusiness in Nigeria reveals a plethora of opportunities for aspiring entrepreneurs.

With the nation's booming population and a constant demand for food and agricultural products, delving into agribusiness can be a lucrative venture, even for those with limited capital.

In this article, we explore some low-capital agribusiness ventures that hold the potential to transform diligent individuals into multi-millionaires in Nigeria.
https://businesselitesafrica.com/2023/09/27/low-capital-agribusiness-ventures-in-nigeria/

Ugandan millionaire, Mohammed Hamid, a prominent figure in Uganda’s business landscape, is teetering on the edge of losing his renowned Aya Hotel, a consequence of an escalating $160-million debt.

The hotel, a symbol of luxury, is perched on Nakasero Hill in Kampala and offers unrivalled panoramic views of the capital due to its elevated position.
https://businesselitesafrica.com/2023/09/27/how-ugandan-millionaire-mohammed-hamid-risks-losing/

The recently confirmed Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has proposed to reset the apex bank. This comes as the naira fell to an all-time low of 1,000 per dollar on the parallel market.

Cardoso said he would prioritise working out ways to aggressively offset huge FX obligations as part of measures to attack the current naira freefall, which has become a huge burden for the economy.

The new CBN governor promised to withdraw from aggressive development finance, ensure a culture of transparency, compliance and collaboration and embark on zero tolerance for breaches of the CBN Act.
https://businesselitesafrica.com/2023/09/27/cardoso-suggests-cbn-reset-amidst-naira-crashing-to-1000/

In the bustling and vibrant landscape of Nigeria, the aspiration to make money and attain financial freedom is a common dream shared by millions.
But what if we told you that there’s a way to not just make money but to make it work for you, to create wealth on auto-pilot? Intriguing, isn’t it?
The journey to achieving this may be steeped in hard work and dedication, but the essence of it lies in setting the default to relentless effort—no days off until you can afford to.
It’s about embracing strategies that, once set in motion, continue to build wealth for you, even when you are not actively involved.
In this exploration, we delve into the realms of passive income and strategic wealth creation, tailored specifically to the opportunities and challenges inherent in Nigeria.
So, buckle up as we navigate through the exciting journey of making money on auto-pilot, unravelling actionable insights, real-life examples, and practical steps to elevate your financial trajectory in the dynamic Nigerian environment.

https://businesselitesafrica.com/2023/09/26/how-to-make-money-on-auto-pilot-in-nigeria/

The Ogun State Command of the Nigeria Police Force has arrested the recently impeached Chairman of Ijebu East Local government, Wale Adedayo, over a petition allegedly written against him by Governor Dapo Abiodun-led state government.

Adedayo disclosed his arrest by the police in a Facebook post on his timeline on Monday.

He wrote, “Son of man is being taken to Ogun State Police CID at Eleweran, Abeokuta. They claim the State Government wrote a petition against me. If it is death, I follow the path of the Patriarchs. Ase di owo Olodumare (authority belongs to God)!”

Click the link for the full gist. E no easy to fight government.
https://businesselitesafrica.com/2023/09/26/chairman-of-ogun-lga-detained-after-alleging-governor-abiodun/

The Ogun State Command of the Nigeria Police Force has arrested the recently impeached Chairman of Ijebu East Local government, Wale Adedayo, over a petition allegedly written against him by Governor Dapo Abiodun-led state government.

Adedayo disclosed his arrest by the police in a Facebook post on his timeline on Monday.

He wrote, “Son of man is being taken to Ogun State Police CID at Eleweran, Abeokuta. They claim the State Government wrote a petition against me. If it is death, I follow the path of the Patriarchs. Ase di owo Olodumare (authority belongs to God)!”

Click the link for the full gist. E no easy to fight government.
https://businesselitesafrica.com/2023/09/26/chairman-of-ogun-lga-detained-after-alleging-governor-abiodun/

Armed kidnappers have seized Matthew Abo, the Benue State Commissioner of Information, Culture and Tourism, marking a surge in criminal activities in the region.

Matthew Abo was abducted from his residence in the Zaki-Biam community of the Ukum Local Government Area, a region notorious for being a flashpoint of criminal activities, on Sunday night.

Witnesses recounted that the kidnappers, arriving on four motorcycles, forced everyone in the commissioner's residence, including his wife and children, to lie face down before taking him away to an undisclosed location.

https://businesselitesafrica.com/2023/09/25/armed-kidnappers-seize-benue-state-information-commissioner/

Juliana Olayode, aka Toyo Baby, opens up about her battle with PCOS and her journey to recovery through faith and lifestyle changes!

Discover her inspiring story, learn about PCOS, and explore Juliana's impactful career and advocacy in Nollywood! 🎬

https://businesselitesafrica.com/2023/09/25/juliana-olayode-discusses-her-ongoing-battle-with-pcos/
#JulianaOlayode #PCOSAwareness #Nollywood #Inspiration

Olisa Agbakoba, a Senior Advocate of Nigeria (SAN) and former President of the Nigerian Bar Association (NBA) has extolled President Bola Tinubu for his impactful address at the 78th session of the United Nations General Assembly (UNGA), where he championed the equality of Africa with other global continents.

In his speech, President Tinubu highlighted the longstanding issues of unfair treatment and foreign exploitation that have hindered Africa's advancement, asserting that Africa is not inferior to any other continent in the world.

Reacting to Tinubu's remarks, Agbakoba, in a post on X (formerly Twitter), tagged 'A well-received statement at UNGA!', acclaimed that no African leader has ever represented the entire African continent with such fervour and conviction as the Nigerian President did.
https://businesselitesafrica.com/2023/09/21/agbakoba-lauds-tinubus-un-speech-a-unique-voice-for/

In the wake of the Kano tribunal judgement, the state government has enforced a 24-hour curfew across the state.

This development follows the tribunal's decision to oust Governor Abba Kabir Yusuf, declaring the All Progressives Congress (APC) candidate, Yusuf Gawuna, the rightful winner of the March 18 election.


https://businesselitesafrica.com/2023/09/21/kano-tribunal-judgement-sparks-24-hour-curfew/

The Ondo State House of Assembly has plunged into a significant political development, directing its Clerk, Jaiyeola Benjamin, to write to Deputy Governor Lucky Aiyedatiwa about allegations of gross misconduct against him.

Members of the House, nine out of 26, signed the petition and revealed it during Wednesday's plenary, with Speaker Olamide Oladiji presiding.

Majority Leader of the House, Oluwole Ogunmolasuyi, cited section 188 of the Nigeria Constitution to justify writing to Deputy Governor Lucky Aiyedatiwa about the allegations before the house.

https://businesselitesafrica.com/2023/09/21/deputy-governor-lucky-aiyedatiwa-faces-gross-misconduct/

The recent presidential court ruling has ignited a nationwide debate on the governance structure of Nigeria, particularly concerning Abuja’s status.

The Presidential Election Petition Court (PEPC) rejected a literal interpretation of section 134(2)(b) of the 1999 Constitution, stating that the Federal Capital Territory (FCT) Abuja’s votes couldn’t be decisive in the presidential election.

It also ruled that FCT does not enjoy any special status compared to the other 36 states of the federation concerning the mandatory 25% vote requirement in the presidential election conducted on the 25th of February 2023.

https://businesselitesafrica.com/2023/09/20/can-abuja-have-its-governor-following-presidential-court-ruling/

Devakumar Edwin, the Executive Director of Dangote Group, recently stated that the Nigerian National Petroleum Company Limited (NNPCL) had already committed its crude to other entities, making it impossible to meet Dangote's immediate needs.

Edwin also disclosed that the Dangote Petroleum Refinery is currently importing crude oil, with the first cargo expected in two weeks.

However, he assured that this importation is temporary and that the refinery will receive its crude supply from NNPCL starting in November.

https://businesselitesafrica.com/2023/09/20/dangote-refinery-turns-to-imports-nnpcl-engages-in/

In his maiden address at the United Nations General Assembly (UNGA) in New York City, President Bola Tinubu of Nigeria raised alarm over the issue of illegal foreign mining operations in the country.

The event, which will run until the 26th of September, saw the Nigerian leader highlighting several points crucial to his administration and the African continent.

President Tinubu spoke candidly about Nigeria’s national security, stating that foreign entities, often Chinese firms, in collusion with local criminals, have been exploiting Nigeria’s mineral resources.

https://businesselitesafrica.com/2023/09/20/tinubu-informs-unga-of-illegal-foreign-mining-operations-in/

Aliko Dangote, President of Dangote Industries Limited, recently welcomed a fresh batch of Graduate Trainees into the company's programme.

He emphasised the firm's steadfast commitment to investing in crucial economic sectors to generate employment.


Dangote outlined how his business evolved from commodity trading to manufacturing. He stressed that the company's mission is to improve people's lives by providing essential goods through manufacturing.

This approach, he said, naturally leads to job creation, which is the rationale behind the Graduate Trainee programme.
https://businesselitesafrica.com/2023/09/19/aliko-dangote-welcomes-new-talent-in-bid-to-transform-nigeria/

One week after Libya's flood disaster in the eastern region, survivors are grappling with fresh challenges.

Torrential rains led to the collapse of two dams, causing widespread destruction. Now, the risk of disease outbreaks looms large, prompting urgent action from local and international bodies.

https://businesselitesafrica.com/2023/09/19/libyas-derna-combines-vaccination-rollout-with-ongoing-flood/

President Bola Tinubu has given the nod for the appointment of 18 key personnel to bolster the office of Vice President Kashim Shettima.

The move aims to accelerate the "Renewed Hope" agenda, a cornerstone of the Tinubu administration.

The newly appointed team comprises six Special Advisers and 12 Senior Special Assistants.
According to Olusola Abiola, the Director of Information in the Vice President's office, these individuals will be instrumental in executing the federal government's objectives across various economic sectors.

It's funny how Yusuf Datti-Baba Ahmed's brother quickly accepted the appointment. Click the link to understand the gist.
https://businesselitesafrica.com/2023/09/19/bola-tinubu-greenlights-six-advisers-and-12-additional-aides-for/