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Wednesday, May 15, 2024

May 15, 2024

Wigwe University: All you need to know


Wigwe University, founded by the late Access Bank CEO, Herbert Wigwe, is set to begin academic activities by August, 2024.


The top elite university is situated in Isiokpo, Ikwerre LGA of Rivers State, Nigeria. The school's university website indicates that the school fee per academic session starts from N9.6 million (quite expensive, right?) But trust me, this school is worth the money considering the standard put in place.

Pictorial view of the Wigwe University Senate Building


Wigwe University promises to offer a diverse range of programmes across four major Colleges; the College of Engineering, College of Science and Computing, College of Art, and finally the College of Management and Social Sciences.

Wigwe University main entrance/Gate


According to the school's website, students in the College of Art would pay N9.6 million as mentioned earlier, while the other colleges will pay N11.9 million per student. This may be the most expensive university in Nigeria. The school fees reportedly covers tuition, health insurance, e-learning resources, laboratory supplies, among others. 


Other additional charges include the Accommodation Fee which ranges from N1 million per month to N3.8 million per session.



The university had appointed its first Vice Chancellor, Prof. Miles Davis (USA) earlier this year. Davis holds a Doctorate in Human and Organisational Sciences from The George Washington University, USA.


Sitting on the Board of Trustees is Prof. Fabian Ajogwu (SAN), Mrs. Mosunmola Belo-Olusoga, Dr. Ajoritsedere Awosika, among other distinguished personalities.


Wigwe University promises to deliver best international standard in the delivery of quality education as seen on its website. In addition to that, the school will also offer international exchanges of students between foreign universities, isn't that good!

The world class university boasts of staffs comprising a blend of foreign and home based nationals.


The late billionaire founder, Herbert Wigwe, had died alongside his wife, Chizoba Wigwe, and Son, Chizzy Wigwe, in a fatal helicopter crash on February 9, 2024.


"I cannot change the world overnight. But if I can empower even one youth today, tomorrow, they could join me in empowering others. With time, we could change the world", one of Wigwe's message before his demise.


And that's all you need to know about the Wigwe University, hope this article was helpful? Thanks for reading!


Monday, May 13, 2024

May 13, 2024

The Richest Nigerian Musician in 2024

(L) Burna Boy, (M) Davido, (R) Wizkid


The Nigeria music industry is of no doubt the largest music industry in Africa. Our musicians; Davido, Wizkid, Burna Boy, Rema, just to mention a few, are making waves even in the international scene.


This post aims to share or reveal who really is the richest musician in Nigeria, not the top 5 or 10 but precisely the richest Nigerian musician. The conclusion of the richest Nigerian musician is cumulated from credible sources online including Net-worth compared to a few others below the ranking. 


Read on as you find out the interesting part! The Richest Nigerian Musician (2024).


Who really is the richest nigerian musician in 2024?

Yes! I know many of you are expecting to see either Wizkid or Davido as the richest music artist in Nigeria but you may be surprisingly shocked with the discovery of who really is the big 'Cat'. 


Now don't get me wrong, Wizkid and Davido respectively are big Cats in the Nigerian music industry and even beyond, their fan-bases; Wizkid FC and 30BG, are the two largest fan-bases' in Nigeria music industry as far i'm concerned.


However, the truth is neither of them is really the richest music artiste in Nigeria, talking about wealth. 


And now to ease your tension and not to beat around the bush, the richest Nigerian musician in 2024 is Damini Ebunoluwa Ogulu popularly known as Burna Boy. Yes! check the facts.


With an estimated current net worth of $80 million, Burna Boy is undoubtedly the richest Nigerian musician in 2024


The African Giant who is also a songwriter and Rapper, has seen his wealth accumulated massively after his Grammy award clinching in 2021 for the category 'Best Global Music Album' (Twice As Tall).


Known for his unique blend of Afrobeat, Reggae and Dance Hall Music, Oluwa Burna Boy is the most successful musician in Nigeria and undoubtedly the richest. His luxurious mansion located in Lagos is worth over 5 billion naira, including his luxurious fleet of cars; a Lamborghini SVJ, Bugatti Chiron, Rolls Royce Cullinan, Ferrari 458 Italia, Mercedes Benz S-Class, Bentley Continental, and Range Rover Autobiography.


How Much Does Burna Boy Charges Per Show?

To confirm my report, as culled from a report by Vanguard, Burna Boy currently leads the pack as he charges not less than 1 million dollars or more per show. Now, isn't that huge something!


Now, let's talk about your all-time favorite artistes; Davido and Wizkid. Wizkid and Davido are the Second and Third richest Nigerian musicians respectively. Wizkid currently commands a net worth of $65 million while $60 million for Davido.


Conclusion

In summary, the richest Nigerian musician in 2024 is Burna Boy. I hope this article was insightful. Thanks for reading!





Wednesday, May 8, 2024

May 08, 2024

Cybersecurity Levy: List of 16 Transactions Exempted From The New CBN Rule, You May Be Relieved To See No. 2

CBN

It is no longer strange news that the Central Bank of Nigeria (CBN) has issued a new directive ordering all banks to start charging 0.5% 'cybersecurity levy' on all transactions. However, it is important to also note that not all transactions are affected with this new directive by the Apex bank.


This post highlights 16 transactions which are exempted from this new directive. This means that any of the 16 transactions which we are going to shed more light on, won't be charged or deducted for the cybersecurity levy if performed.


Now, let's take a look at the exempted transactions below;

  1. Loan Disbursement and Repayments

This means for any loan disbursment and repayment transaction, the cybersecurity levy won,t be deducted.


2. Salary Payment

Is that a smile (😊) of relief! Yes, you heard right. Salary payment! Imagine earning as much high seven figures salary and you'll still be deducted for a levy that's definitely going to take a chunk of your salary every month, that may not be welcomed right?


Well, the good news is that salary payment is also exempted from this levy.


3. Intra-account transfers within the same bank or between different banks for the same customer

In this category, it means you can send money within the same bank (i.e Zenith-Zenith) or between different banks so far the accounts are operated by same customer. This category of transactions are also exempted from the levy.


4. Intra-bank transfers between customers of the same bank

This is very simple and a little bit striking with No. 3, this means Customer A can send funds to Customer B within the same bank without being charged for the cybersecurity levy.


5. Other Financial Institutions (OFIs) instructions to their correspondent banks 

This category has to do with financial institutions and not really concerns an individual customer.


6. Interbank Placements

These are transactions performed by banks to banks (i.e Access-GTB)


7. Banks' Transfers to CBN and Vice Versa

I believe this is self-explanatory.


8. Inter-branch Transfers Within A Bank

For example, cash transfers between Polaris Bank branch in Yaba and Surulere, Lagos. 


9. Cheques Clearing and Settlements

You don't have to worry as an individual or a business entity when clearing a cheque as you won't be charged for the cybersecurity levy also.


Other transactions exempted from the cybersecurity levy include:


10. Letters of Credits (LCs)


11. Banks' Recapitilization Related Funding 


12. Savings and deposits including transactions involving long-term investments such as Treasury Bills, Bonds, and Commercial Papers.


13. Government Social Welfare Programs transactions (i.e pension payments)


14. Non-profit and charitable transactions including donations to registered non-profit organizations and charities


15. Educational Institutions transactions (i.e, tuition payments and other educational fees)


16. Transactions involving banks' internal accounts


I hope this article was helpful! Thanks for reading.


Tuesday, May 7, 2024

May 07, 2024

Banks To Start Charging 'Cybersecurity Levy' (0.5%) On All Transactions...(See date)

The Central Bank of Nigeria (CBN) has issued a directive to all banks in the country to start deducting 0.5% 'Cybersecurity Levy' on all transactions. 


As contained in a circular dated May 6, 2024, by the apex bank, the new directive applies to all commercial, merchant, mobile money operators, and non-interest and payment service providers and banks.


The apex bank stated that the implementation of the new directive would take effect two weeks from the date of the circular (May 20).


The circular as released below;






Saturday, May 4, 2024

May 04, 2024

Caught! SSCE Holder parading as medical doctor performs operation on pregnant woman


Osun is in chaos as a Senior School Cert. Holder identified as Saheed Oladiti, parading himself as a qualified medical doctor, has been apprehended by the state command of the Nigeria Security and Civil Defence Corps (NSCDC).


The self-acclaimed doctor was alleged to have delivered the woman of her baby, after which she developed complications and died as a result.


Disclosing this, Spokesperson of the Osun NSCDC, Kehinde Adeleke, revealed that the suspect and quack medical practitioner had been operating an unlicensed clinic in the Ororuwo community for over 6 years.


It was also revealed that Saheed had also been engaging in the training of medical personnels at the rate of #5,000 each.


"While making his confessional statement, the suspect, Oladiti Toyin, said on April 15, 2024, a pregnant woman with nine months and three weeks pregnancy, visited his hospital popularly known as Oloruntoyin Clinic at No 2, Lakewu Area, Ororuwo, Boripe Local Government Area, Osun State.


“According to him, the pregnant woman could not continue her antenatal care at her previous hospital because she had a misunderstanding with her husband. The self–acclaimed doctor said he checked her blood pressure which was low and gave her some drugs. He thereafter asked her to come back whenever she fell into labour.


“On Thursday, April 18, 2024, the woman began to experience labour symptoms and was in the hospital, where she was delivered of a baby. The victim developed some complications shortly after and was later rushed to a nearby licensed hospital where she was pronounced dead on arrival", Spokesperson of the NSCDC in her statement.


Also commenting on the incident, the state Commandant of the NSCDC, Dr. Michael Adaralewa, has assured the public that the suspect would face the full wrath of law, while also calling on residents of the state to report quacks parading theirselves as medical practitioners.


Friday, November 10, 2023

November 10, 2023

Company appoints first robot as CEO

Mika, first humanoid AI robot to be appointed as a company's CEO

A global Colombia-based company, Dictador, has appointed its first robot Chief Executive Officer (CEO).


This will be an historic first time a robot will sit on a company's board and run its affairs.


The robot called Mika, will serve as the company's face, designed to make strategic and leadership decisions.


The new Boss is tasked with the responsibility of helping the company attain new heights with its decisions.


The humanoid AI robot was designed by Hanson Robotics and customized by Dictador, to represent the company's interest and values.


As culled from BusinessDay, out of the many fascinating things Mika is programmed to do is to make data-driven decisions quickly and accurately, while it is also trained to be strategic and unbiased in 'Her' decisions.



Wednesday, October 4, 2023

October 04, 2023

Mohbad's Dad Breaks Silence on DNA Controversy

Mohbad (R) pictured with his Dad (L)

On the ongoing DNA controversy surrounding the son of the late singer, Mohbad, his Dad finally has this to say...



Father of late singer Mohbad, Joseph Aloba, has broken his silence and speak concerning the ongoing DNA saga on his grandson, Liam.


Speaking in a recent interview with BBC Pidgin, he stressed and supported that the right thing concerning the DNA should be done at the right time.


While speaking further, he lamented that the DNA saga on his Grandson had spread throughout the country and even beyond.


"This thing has become a majority thing, not only in Nigeria. So they should do the proper thing at the proper time." He said.


Recall that the Nigeria entertainment industry was thrown into a state of mourning over the demise of the talented singer, Mohbad.


Controversies has also been surrounding the late singer's son, Liam, with public demand for a DNA test to prove and determine his true paternity.