Jeff Bezos overtakes Elon Musk to become world’s richest man

Jeff Bezos’s current wealth valuation of $191 billion has seen his personal wealth which mostly comes from Amazon stocks, record steady gains

Jeff Bezos, the 57-year-old American billionaire and founder of the world’s most valuable online retail company, has just reclaimed the world’s richest person title, after surpassing Elon Musk some hours ago, according to the real-time data retrieved from the Bloomberg Billionaire index.

Bezos’s current wealth valuation of $191 billion has seen his personal wealth, which mostly comes from Amazon stocks, record steady gains over time.

Elon Musk, currently worth $190 billion, saw his net worth plunge by $4.58 billion on Tuesday, as Tesla shares lost about 2.4% in value..

It comes as no surprise to many stock pundits as Amazon’s share price skyrocketed in recent years, along with the company’s share price. Bezos has continued to notch new wealth milestones.

Jeff Bezos’s present net worth of $191 billion can buy 107 million troy ounces of gold or 3.01 billion barrels of crude oil.

Recall that about a week ago, Nairametrics reported that the man behind the world’s most valuable retail company, Amazon, had steadily been closing in on the world’s richest man at the time, Elon Musk, to reclaim that title.

The online retail giant’s returns have, under Bezos as the chief executive officer of the e-commerce giant, actually ranked second among all S&P stocks since the IPO in May 1997.

Amazon is the world’s biggest online retailer company. The American-based company sells books, household goods, and other retail products through its flagship platform.The company also controls the Whole Foods grocery chain and offers video streaming services. It remains the biggest cloud computing provider worldwide.

Bezos’ cash at the bank is estimated to be worth $9.7 billion and most of his wealth is tied to his stake in Amazon.

What this means: Most rich individuals, including successful tech entrepreneurs, fashion icons, and leading hedge fund managers, would rather invest most of their funds in assets like stocks, real estate businesses, debt instruments, and lately cryptos, than hold a significant amount of cash at the bank, because many banks offer unimpressive interest rates.

Bezos owns about 11% of Amazon, according to its most recent SEC filing.

BREAKING: OPay Has Announced Shutting All Businesses In Nigeria

OPay’s multi-product strategy has come to an end!

Opera’s African fintech startup, OPay will shut down all other businesses in Nigeria excluding its payment operations “OPay“, a source said.

According to the source, OPay’s investors sent a memo in the early hours of Tuesday to the Nigerian team directing all other verticals but payments to shut down operations and all the Chinese expatriate workers to return to China as soon as possible.

The source said:-

“I can confirm to you that they are shutting down operations. They have asked their managers here to return home. The memo came around 2AM on Tuesday,”

According to the source, the Nigerian team has already set up a team tasked with the recovery of all the ORide motorcycles on the road.

Recall that trouble started for the fintech startup when the Lagos State Government banned the operations of commercial motorcycles on most major roads in the state.

The fintech startup tried to pivot to logistics two months ago, but that, according to the source, has proved unprofitable leaving the investors with little choice but to pull the plug.

Opera first launched the OPay mobile money platform in Lagos in 2018 on the popularity of its internet search engine in Africa.

A year later, the Norway-based, Chinese-owned company sent jitters through Nigeria’s startup world when it rallied investors to back OPay with $170 million in VC.

This development brings to a gradual and disappointing end the multi-product and super app strategy that Opera had hoped would become the holy grail for profitable internet business in Africa’s most populous country.

OPay Nigeria has yet to confirm this development at the time of filing this report as efforts to reach them proved abortive

Ibadan Are You Ready, As I.Rasa Clothing Opens This Sunday

You are cordially invited to Medley of Colours; the grand style opening of @i.rasaclothing store at the Palms Mall, Ibadan this Sunday (September 16).

It is our 3rd store in Nigeria and the Ibadan store which is the Headquarters will be opening in grand style. Notable personalities will be attending. *It will be a wonderful time to network, listen to good music, eat delicious finger-foods and shop till your atm card *breaks*@i.rasaclothing pieces are *pocket-friendly (Unbelievably affordable – We dare say) . There is a gift for everyone of you and you just might be amongst the 25 people who will win a free gift voucher.

 *Dress code: Fun and Vivacious.                          @i.rasaclothing

N10,000 Given Market Women Is Not For Vote Buying... FG

Our attention has been drawn to allegations on social media regarding the TraderMoni programme, which had its sixth sensitisation event in Osun State during the week.

We believe these statements are not driven by spite, but by a genuine misunderstanding of what TraderMoni is and where it comes from. We would therefore like to use this opportunity to set the records straight.

TraderMoni has been conceived since May 2016. It is part of the 2-year-old Government Enterprise and Empowerment Programme (GEEP) scheme of the Federal Government. GEEP, a social intervention programme being executed by the Bank of Industry, has been providing interest-free loans to petty traders and artisans across Nigeria since May 17, 2016.

The GEEP programme, by design, comprises three products:

- GEEP MarketMoni, over 350,000 loans and growing, since May 2016: loans of N50,000 and N100,000, for structured traders and artisans in their market associations and cooperatives. In the past 2 years, the programme has granted loans to over 350,000 Nigerians nationwide. BVN and bank accounts are required.

- GEEP FarmerMoni, up to 5,465 loans and growing, since May 2017: much larger loans of N300,000 each, for structured farmers in their farming cooperatives. BVN and bank accounts are required.

- GEEP TraderMoni, commenced in May 2018: loans starting at N10,000, for petty traders for whom MarketMoni and FarmerMoni are too large, and for whom the bank account and BVN requirements are a barrier. Pay back of the first loan guarantees automatic disbursement of N15,000, and successively N20,000, N50,000, and N100,000.
Candidates are enumerated in their trade clusters by the over 4,000 TraderMoni agents nationwide. They are verified by the Bank of Industry, and loans are disbursed directly to their mobile wallets.

While the TraderMoni commenced in May 2018, the programme was first publicly “activated” on August 7, 2018 in five markets in Lagos State, with tens of thousands of beneficiaries in Mushin, Ikotun, Agege, Ketu, and Abule Egba markets in the state.

Subsequently, there have been similar activations in six States as follows:
- Kano (August 18)
- Abia (August 20)
- Akwa Ibom (August 21)
- Katsina (September 1)
- Osun (September 3)
- Abuja (September 6)

State activation events run on a pre-defined schedule, to cover all 36 states and the FCT. These events provide important opportunities for the Federal Government to monitor execution of the programme in each State. Activation events also enable further public sensitization about the programme, first-hand study of the impact on beneficiaries, and critical learnings for any operational improvements.

The transformative impact of TraderMoni on the lives of our beneficiaries is better experienced than imagined. These are financially vulnerable Nigerians who, up until now, have been relegated as “uninteresting,” “high risk,” and “difficult to understand” by traditional lenders. An opportunity to receive a N10,000 loan and graduate in quick succession to N100,000 is one that has escaped their realm of possibility. They first approach the programme with strong disbelief – until their disbursements happen. With TraderMoni, these Nigerians experience a literal turnaround in their businesses and their lives.

An insinuation that such a programme is a bribe for votes is not only unfair to the Nigerian public. It is moreso demeaning to the hundreds of thousands of beneficiaries who are accessing these loans, paying back, and in the process taking control of their financial futures and their dignity.

The only requirement to be a TraderMoni beneficiary is that you are a Nigerian and a petty trader. As a programme, we have never, and will never, enquire about the political affiliations of a trader. There is no such thing as a paper form, or a “PVC check” in the registration process.

We enjoin all well-meaning Nigerians to please join us at these activation events, or just visit any of the major trade clusters in your state to see the TraderMoni programme in action. We are also open to feedback on how to continually strengthen TraderMoni’s impact, our number 1 goal.

Please do not hesitate to email us on tradermoni@geep.ng.

Glo Oga SIM Delights Customers With Data Rain

Nigeria's grandmasters of data, Globacom, has showered Nigerians with data as it introduces 'Oga SIM', a product that gives subscribers an unrivalled 125 per cent bonus on data bundle subscriptions.

 
Addressing journalists at the launch of ‘Oga SIM’ at the Mike Adenuga Towers, Victoria Island, Lagos on Wednesday, Globacom's Regional Chief Marketing Officer, Ashok Israni, said Oga SIM offers the best value to new Glo Data subscribers, adding that old data subscribers who have not utilised Glo data services in the last three months will also savour the benefits.

 
Israni said that Oga SIM affords a new Globacom data subscriber who buys any data plan automatic 125 percent bonus, adding that the subscriber does not need to do anything other than buying a data subscription of his or her choice.

A new subscriber who buys N500 worth of data subscription will automatically get 1.8GB of data instead of the usual 800MB; one who buys N1000 data package gets 3.6GB instead of 1.6GB, N2000 fetches the subscriber 8.2GB instead of 3.6GB, while N2,500 gives a whopping 12.9GB instead of 5.7GB.

Israni described the product as the biggest data offering in the country and asked telecommunications subscribers in the country to join the Glo family to get this “unmatchable offer”. He said subscribers should dial *777# in order to see the data bundles available and choose one according to the power of their wallets.

“The product we are launching today is the king of all products in the telecommunications industry. With the product, you do not need to look any further for value and reliability,” he said.

 
He said “Oga SIM” is a ‘must have’ for everybody, as it links subscribers with their passion points. According to him, the value to be derived from “Oga SIM” can either be shared or gifted.

 
Israni said Globacom has invested millions of dollars into expanding and upgrading the network, boosting its capacity and giving its subscribers excellent experience on the network.

 
Globacom is the only operator with a wholly-owned submarine cable, Glo-1, linking Europe and America to West Africa, delivering a much faster and robust connectivity for voice, data and video to telecom consumers in West Africa.

FANFARO OIL NOW AVAILABLE IN IBADAN

The FANFARO GMBH,  associated with SCT Lubricants,  is one of the market's leading lubricant producers offering a full range of standard and special lubricants at competitive prices. 

A modern and unique packaging design,  short delivery time and approved OEM specification as well as EU quality complete the picture with a production capacity of 400 tons of lubricants per day in our own factory,  we have ensured the success of our clients in 92 countries on 5 Continent since 1993. 

 

The Company Was founded to meet the requirements of the European,  Euro Asian as well as American Automotive industry with a special focus on the latest developments on engine technology.

We cooperate with the world's best distributors of a raw materials used during the production of our lubricants for excellent products features and optimum price quality ratio.. 

LASTING PERFORMANCE YOU CAN TRUST

#DifferentoilsForTheDifferentCars

Distributors Needed Nationwide 

Office Address : Commercial Plot 9A,  Baptist Busstop Akobo,  IBADAN

Contacts : 09096475965, 08099843555,08099843777.

Website :www.fanfarooil.com.ng

E-mail :fanfarooil.ng@gmail.com

IG :@fanfarooil_ng

Twitter @fanfarooil_ng

Facebook :fanfarooilng

Business you can start with little or no capital

The lack of sufficient funds makes it difficult for young entrepreneurs from achieving their business goals

Business you can start with little or no capital  (Newsofnigeria)

Not all business require a huge sum of money as capital.

Due to the rise of unemployment rate in Nigeria, so many people have taken the bull by the horn and have become their own bosses. 

But  the lack of sufficient funds makes it difficult for young entrepreneurs fromachieving their business goals but there are lots of businesses you can start with little or no capital at all.

Here are business you can start with little or no capital.

1. Event Planning

Event planning is a growing business venture in Nigeria. Nigerians love parties and events, keying into this business won’t be a bad idea and it actually doesn’t require much.

Female event planner  (Gettyimages)

As an event planner, your job is basically to plan events and get paid for doing so. The only thing you need to do is get different vendors for an event and make sure the event goes well all through.

You can start an event planning business by organizing mini-parties and event, making sure it goes well. Then as you grow you get to get more events to plan. The bigger the event, the bigger the pay.

2. Freelance writer

If writing is your hobby and you really love to write, then you can set up a business just based on creating contents for blogs, website and magazines and you get paid regularly.

As a freelance writer, you really don’t need to have a huge capital. As long as you have the important things for writing online which is a laptop and internet connection., then you are good to go.

3. Social media influencer

Thanks to social media, you can become an influencer.

Becoming a social media influencer doesn't require any capital  (Thenextweb)

If you social media savvy, then you should consider becoming a social media influencer. Every business and brand today is going online to grow their business and they can’t do it alone without the help of someone who knows about social media platforms well.

If you have a good online presence, you really don’t need any capital to start up. With just a phone or laptop and good internet connection, you can become a social media influence

4. Event host

Lots of events happen every day which would need the service of an event host.

Event hosting doesn't require any capital  (Npr)

If you have the talent of speaking to a large crowd, being able to engage an audience, then you should think of starting an event hosting business. This business actually doesn’t need any capital. The only thing you is your ability to engage an audience.

5. Tutoring

Another business you can do which doesn’t require any capital is tutoring.

If you have the ability to teach people and they find it easy to understand you, then you should give it a try.  It now on depends on the age range you’ll love to tutor.

Earn ₦700 Daily With Your Facebook Account with AffNaija

If it’s not too much trouble read this post to the conclusion to find the correct strategy I’m utilizing to acquire ₦700 every day on AffNaija sharing Jumia/Konga items on my Facebook wall.

Do you have a facebook account with more than 300 companions? What about making ₦700 consistently sharing items on your Facebook wall.

A considerable measure of people invest their valuable energy in informal organizations taking part in unimportant exercises. Quit squandering your chance on Facebook doing nothing! A large number of people are making huge amounts of money from it each and every day.

The web is brimming with unlimited chances of profiting like I generally say, all you require is the correct mentality, stage, and procedure.

In this post, I will uncover a stage that pays you ₦700 day by day for sharing their items on your Facebook wall. These items are from mainstream online business sites like Jumia and Konga, which means you are advancing quality items.

WHAT’S THIS PLATFORM I’M TALKING ABOUT

Without squandering your chance, the name of this lovely platform is AFFNAIJA.

AffNaija is a performance-driven network, which is affiliated with popular e-commerce websites (Jumia, Konga, Payporte, Kilimall, Yudala, Kara, Mall for Africa, AliExpress e.t.c). They generate revenue from commissions per sales directed to their merchants. With the help of promoters like me, they get to reach a lot of prospective buyers. Affnaija is committed to driving more sales to their merchants. By becoming a promoter today, you earn money doing simple tasks on social media.

“Beware! This is not an investment or Ponzi scheme. They won’t pay you for doing nothing. You need to log in every day to share their merchant products on Facebook for your earnings to increase.”

HOW TO REGISTER ON AFFNAIJA

Registering on Affnaija is free, but you have to pay a one-time subscription to access your marketing dashboard. This is to instill seriousness among their promoters. Affnaija is not like other platforms that compel you to pay for monthly subscriptions. You renew your subscription from your earnings. All you have to do to get started is pay a one-time subscription fee.

The beauty of the platform is that… they don’t have to buy from the link you are sharing, just share on your facebook wall and earn your commissions instantly!

To register click on my affiliate link https://affnaija.com/?ref=blinkzupdate

See Affnaija subscription plans below:

BASIC PLAN – ₦1000

• You earn ₦100 daily on a product you share on your facebook wall
• You earn ₦250 per referral
• ₦2000 minimum withdrawal
• No withdrawal charges
• 30 days validity
• You renew your subscription from your earnings

PREMIUM PLAN – ₦4000

• You earn ₦400 daily on a product you share on your facebook wall
• You earn ₦1000 per referral
• ₦8000 minimum withdrawal
• No withdrawal charges
• 30 days validity
• You renew your subscription from your earnings

ULTIMATE PLAN – ₦7000

• You earn ₦700 daily on a product you share on your facebook wall
• You earn ₦1,500 per referral
• ₦14,000 minimum withdrawal
• No withdrawal charges
• 30 days validity
• You renew your subscription from your earnings

You can pay with your debit card or buy a voucher from any of the listed resellers on their websites. Just make sure you follow the instructions given.

After payment, you will be able to access your dashboard and start promoting on your facebook wall. One sweet thing about Affnaija is that you get your commission immediately share on facebook.

Increase your earnings by referring your friends!

Note:

You don’t have to refer to earn on affnaija, you earn by sharing their products on your Facebook wall, however referring your friends will increase your earnings massively.

So register here https://affnaija.com/?ref=blinkzupdate and become a promoter now!

After gaining access to your dashboard click the “share and earn” tab to see the product you are to share. These products will be posted daily.

After clicking on “Click here to view today’s product,” you will be taken to a window where you get to share the available product.

Remove the pre-written text, to post to avoid spammy impressions.

Please note that your commission will reflect on your dashboard immediately after posting to your facebook wall.  Your shared posts are reviewed, ensure you don’t delete the posts.

Payment Prove

To get your referral link to invite your friends, click on the marketing tab and “affiliate links.”

Affnaija is the best platform to make cool cash daily with lesser effort. Register Now https://affnaija.com/?ref=blinkzupdate and subscribe your preferred plan.

Please Note:

Use your “Facebook Profile link” as the “website” when registering.
Ensure the full name you are using tallies with the bank account name you will be using to make withdrawals
Most importantly, use the same browser you used in registering to make payment as well.

For more information or inquiries on Affnaija, Call 08146268510.

Thanks

Super Honey Coconut Flakes & Cakes Today At HIT CONCEPT'S

Order For Your Coconut Flakes, Chips & Delicious Small Chops Today At Affordable Prices @HitConcepts. Trust me you will want more .
We also sell in wholesales and also for birthday parties, weddings and lots more.
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contact details :

IG: @officialhelenblinkz

Tel: 08186763096

Real super taste Ever 

Invest In Crytpo Currency

If you have interest, it is called podret and u get paid weekly. U get 14.8% of your investment weekly

*The least u can invest is $10 and u also get 10% on the investment of ur referals
www.podret.com or private chat

*U can withdraw ur earnings anytime. $5 is the minimum payout

*Its a cryptocurrency trading platform where u invest an amount of money from $10 upward (in Bitcoin) and u will be paid 14.8% of ur investment every week for 52weeks

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