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July 12, 2023 Dangote Retains Top Spot as Africa’s Richest Man for the 12th Consecutive Year- Forbes

Dangote Retains Top Spot as Africa’s Richest Man for the 12th Consecutive Year- Forbes

Aliko Dangote, the President of the Pan-African Conglomerate, the Dangote Group, has once again secured the top spot as the wealthiest individual in Africa for the 12th consecutive year, according to the latest Forbes rankings.

In a statement titled 'Forbes 2023 Index: Dangote Still Africa's Richest for 12th Consecutive Year,' it was revealed that Dangote, renowned for his business empire including Dangote Cement Plc, the largest cement producer in Africa, remains the sole Nigerian to feature among the world's top 200 richest individuals. His estimated net worth has risen to $14.2 billion, a significant increase from last year's $12.1 billion.

It is worth mentioning that in June, South African entrepreneur Johann Rupert temporarily held the title of Africa's richest person, as reported by Forbes Magazine, with a net worth of $12 billion. However, Dangote has once again reclaimed his position at the summit of African wealth.

The statement said, “ Forbes, in its latest ranking of world billionaires for 2023 reported that falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.

“Dangote, presently ranked 124th among the world’s richest billionaires, is the only Nigerian in the top 200 world billionaires and one of the two Africans within that bracket; with South Africa’s Johann Rupert, who deals in luxury goods ranked 157th with a net worth of $11.1bn.

“The Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote Cement has production capacity of 51.6 million tonnes per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Cameroon, and import and distribution facilities in Ghana and Sierra Leone.”

July 11, 2023 Blackface Accuses Wizkid, Burna Boy, and Asake of Intellectual Property Theft

Blackface Accuses Wizkid, Burna Boy, and Asake of Intellectual Property Theft

In a recent interview with a media house in Lagos, Ahmedu Augustine Obiabo, popularly known as Blackface, a veteran singer-songwriter and former member of the defunct Plantashun Boiz, has made serious accusations against Wizkid, Burna Boy, and Asake, alleging that they have engaged in intellectual property theft by sampling his songs without his permission.

Blackface specifically pointed out that Wizkid and Burna Boy's track "Ginger" is a sample of his own song "Twist & Turn."

According to him, the rhythms, the beat, and even the way the melody starts and ends are all taken from his original composition. He highlighted that only the verses were changed. Additionally, Blackface accused Asake of sampling his song "Ikebe Supa" in his track "Joha," claiming that his music serves as an inspiration to these artists.

While Blackface acknowledges that he doesn't mind young artists sampling his songs, he expressed his disappointment in the manner in which they go about it without seeking his permission.

These allegations by Blackface bring to the forefront the ongoing debate surrounding copyright infringement and creative ownership within the music industry.

As the discussion unfolds, it remains to be seen how the accused artists will respond to these allegations and whether steps will be taken to address the issue of intellectual property theft.

Blackface's decision to speak out about this matter sheds light on the need for open dialogue and awareness regarding intellectual property rights in the music community.

 

July 7, 2023 Zuckerberg Announces Over Thirty Million Users on Meta’s Twitter Competitor, Threads

Zuckerberg Announces Over Thirty Million Users on Meta’s Twitter Competitor, Threads

Mark Zuckerberg, CEO of Meta, announced that their newly launched app, Threads, has attracted an impressive 30 million users on its very first day.

Positioned as a friendly competitor to Twitter, Threads has garnered attention from users who may be dissatisfied with recent changes on the Twitter platform, including its acquisition by Elon Musk.

Experts speculate that Threads has the potential to capture a segment of Twitter's user base seeking alternatives. However, Twitter CEO Linda Yaccarino countered by stating that while Twitter can be imitated, its community cannot be replicated.

Threads shares similarities with Twitter, allowing users to post up to 500 characters and offering comparable features. Zuckerberg emphasized the importance of maintaining a friendly atmosphere on the platform, highlighting it as a key factor for its success.

Elon Musk, in response, expressed a preference for the occasional attacks he receives on Twitter rather than the perceived false happiness found on Instagram.

When asked about Threads potentially surpassing Twitter's popularity, Zuckerberg acknowledged that it will take time but expressed a vision for a public conversations app with over one billion users. He noted that Twitter has had the opportunity to achieve this but hasn't fully capitalized on it, expressing hope that Threads can fill that void.

The launch of Threads has received positive feedback online, with one individual viewing it as a much-needed competitor to Twitter. The app's early success indicates a promising start in its bid to carve out its own space in the social media landscape.

July 6, 2023 FAAN Raises Abuja Airport Toll Fare

FAAN Raises Abuja Airport Toll Fare

The Federal Airport Authority of Nigeria (FAAN) has announced a revision in the toll fare tariff at the Nnamdi Azikiwe International Airport. The new tariff, set to take effect from July 17, was communicated in a statement issued by FAAN Management in Abuja.

As per the updated tariff, the fare for cars will increase from N200 to N300, while buses and Sport Utility Vehicles (SUVs) will witness an adjustment from N300 to N500.

Furthermore, the tariff for trucks with six tires will change from N500 to N1,000, and the tariff for trailers and containers will be set at N2,000.

FAAN management has urged the public to take note of the revised tariff and its effective date. The statement emphasized FAAN's commitment to upholding core values, including safety, security, and passenger comfort.

With the implementation of this new tariff, FAAN aims to enhance its services and provide an improved experience for travelers passing through the Nnamdi Azikiwe International Airport.

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