Connect with us

Business

Dangote donates N1.2 billion ultra-modern business school edifice to Bayero University

Published

on

THE business educational development of Northern Nigeria took a new turn at the weekend when the renowned businessman, Aliko DANGOTE donated a N1.2 billion ultra-modern business school edifice to the Bayero University, Kano, (BUK), first of such in the northern part of the country.

Christened Dangote Business School, the business mogul disclosed that talks are on to affiliate the school with the popular Harvard Business School, in the United States of America.

Speaking to a group at the opening of the School at the new site of the University, Dangote stated that no effort was spared to ensure that the school, building gate was up to international standard and one of the biggest in the sub-Saharan Africa.

Dangote said the Business School, which was commissioned by the Kano State Governor, Abdulzhi Umar Ganduje, was conceived as part of the contributions of the Nigeria’s business mogul, Alhaji Aliko Dangote towards encouraging world class entrepreneurship education at the highest level in Nigeria.

He described the School as best of its kind in northern Nigeria, adding that the School, as accredited by the Nigerian University Commission, will be the first business school to offer Doctor of Business Administration PhD. program in Nigeria.

Africa’s richest man added that the business school would ease sharing of business information globally and how future African leaders could advance their businesses as well as building capacity which would translate to boosting the continent’s economy.

ALSO READ  Nigeria adopts 3-word addresses.

Dangote traced the journey of the construction of the school to the days of Prof Attahir Jigawa as the Vice Chancellor of the University when he pleaded with him to help in the establishment of a business school that can accelerate entrepreneurship in the country.

He said he agreed to build the edifice because of his conviction that good quality education is the bedrock of meaningful development in the country and only a sound mind can facilitate development.

The school, according to him, will train African Business leaders by carrying out research on how Nigerians can do business in the very particular kind of environment and succeed.

On his part, the Vice Chancellor of the University, Prof. Muhammed Yahuza Bello said with the new business school, the university is now poised to serve the society better through training, research and services.

He said the university adopted the name “Dangote Business School”, because the name Dangote  is internationally synonymous with innovation, entrepreneurship and successes in business and industry and pledged that the school will live by its name and tradition.

Explaining the uniqueness of the school, he stated that the new structure comprises 650 seating capacity auditorium, two theaters, four lecture halls, two libraries, incubation center, two cafeterias, 800kva soundproof generator and borehole among others.

ALSO READ  Nyesom Wike: “Real Madrid Academy Port Harcourt is a legacy for Rivers State”

In their separate remarks, Gov. Ganduje, represented by his Deputy, Prof. Hafeez Abubakar, his Jigawa State Counterpart, Gov. Muhammed Badaru Abubakar and the Emir of Kano, Muhammadu Sanusi II showered accolades on Alhaji Aliko Dangote for his several interventions in various sectors in the State and beyond, urging other wealthy individuals to emulate.

Kano Deputy Governor, Professor Abubakar who represented Gov Ganduje said Nigerians have a lot to learn from Alhaji Dangote whose wealth has no influence on his humility and is ever willing to do for his immediate environment and make the society better.

He pleaded with the University authority to grant Alhaji Dangote opportunity to lecture once in a while in the school, even if it’s an interactive session because he has a lot to offer beyond available in the text books as a successful business man.

Emir Sanusi said what Dangote has done is what he has always advocated for other Nigerians to do and that until Nigeria gets her education right a lot of things may not fall in place as expected.

He expressed his appreciation to Alhaji Dangote for rising up to the occasion each time he calls on him to do one thing or the other in the interest of the society.

ALSO READ  Lagos blue line rail project now 90% ready - Sanwo-Olu {Photos}

Emir Sanusi urged other well meaning Nigerians to emulate him and contribute to the development of their society

https://iso.keq.mybluehost.me/i-have-a-herdsman-managing-my-cattle-violent-ones-must-be-punished-oshiomhole/

Advertisement
Comments

Business

Bitcoin Hits $50,000 For First Time Since 2021

Published

on

By

A picture taken on February 6, 2018 shows a visual representation of the digital crypto-currency Bitcoin, at the “Bitcoin Change” shop in the Israeli city of Tel Aviv. (Photo by JACK GUEZ / AFP)

Bitcoin surpassed the $50,000 mark on Tuesday, marking its highest value in over two years.

Investor optimism surged as anticipation grew regarding broader trading approval in the US, with hopes riding high on potential green lights for cryptocurrency exchange-traded funds (ETFs).

Despite an initial dip following Washington’s approval signal last month, Bitcoin has rebounded impressively, boasting a 25 percent rally since January 22.

As of the latest data from Bloomberg, the cryptocurrency peaked at $50,328, underscoring the resilience and upward momentum in the crypto market, leaving observers optimistic about its future trajectory.

“Enthusiast buyers bring in more enthusiast buyers pushing prices further up,” Fadi Aboualfa, of Copper Technologies, said.

“The cryptocurrency has momentum on the back of several green weeks and has a large chance of going up further when markets see weekly movements upwards of 10 percent (as we saw last week).”

By 0330 GMT Tuesday, bitcoin had dropped slightly, to $49,950.

While Bitcoin has made an impressive recovery, currently standing above $50,000, it still lags significantly behind its peak value of nearly $69,000 in 2020. This rally signals a bounce-back for the cryptocurrency, which faced turbulent times marked by high-profile scandals and collapses within the crypto industry.

ALSO READ  Tinubu Acknowledges Nigerians' Hardship Amidst Fuel Subsidy Discussion

Last year, FTX, the world’s second-largest crypto exchange, suffered a dramatic downfall, with its CEO, Sam Bankman-Fried, now confronting potential consequences. Prosecutors have characterised the situation as “one of the biggest financial frauds in American history,” and Bankman-Fried faces the looming threat of up to 110 years in prison.

In November, Changpeng “CZ” Zhao resigned as CEO of Binance, the world’s largest crypto exchange, following both his and the company’s admission of guilt in extensive money laundering violations.

Bitcoin’s upward trajectory is further fueled by optimism surrounding potential interest rate cuts by the US Federal Reserve this year, as inflation appears to be easing. The cryptocurrency’s value is also influenced by an anticipated supply crunch next year, attributed to the recurring event known as “halving.”

Bitcoin, earned through intricate problem-solving by powerful computers in a process called “mining,” experiences a reduction in reward every four years. With the next “halving” scheduled for April, the limited supply dynamic continues to be a driving force behind Bitcoin’s value surge.

Continue Reading

Business

Microsoft Joins Apple In $3 Trillion Club

Published

on

By

Microsoft joined Apple on Wednesday as a three trillion dollar company, as its big bet on artificial intelligence continued to impress Wall Street.

Now second to Apple as the world’s biggest company by market capitalization, Microsoft’s shares were up 1.31 percent at $404.

 

Apple remains narrowly in first place at $3.02 trillion after reaching the $3 trillion market capitalization mark for the first time in January 2022.

 

But it has fallen below the milestone, even briefly losing the pole position as biggest company on the markets when Microsoft briefly overtook the iPhone maker earlier this month.

 

Microsoft more than any other tech giant is riding the wave of excitement over AI.

The Redmond, Washington-based group has a major partnership with OpenAI, creator of ChatGPT, that is reportedly worth $13 billion.

Since the arrival of ChatGPT, Microsoft has launched several products enabling companies and individuals to use the capabilities of generative AI, notably via its Bing search engine and Copilot virtual assistant.

Since the launch of ChatGPT in early November 2022, Microsoft shares have gained some 67 percent, with Apple’s up by about 40 percent.

Microsoft publishes its results on January 30.

 

ALSO READ  Nyesom Wike: “Real Madrid Academy Port Harcourt is a legacy for Rivers State”
Continue Reading

Business

Nigeria: Shell Announces Sale of Onshore Oil Assets

Published

on

By

In an aerial view, gas prices nearing $6.00 a gallon are displayed at a Shell gas station on February 23, 2022 in San Francisco, California. Justin Sullivan/Getty Images/AFP

Shell has announced a deal to offload its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance.

The acquiring entity, Renaissance, stands as a consortium comprising four local exploration and production companies in Nigeria, alongside an international energy group.

Shell,  in a Tuesday statement on its website, said, “Completion of the transaction is subject to approvals by the Federal Government of Nigeria and other conditions.

“Transaction will preserve SPDC’s operating capabilities for the benefit of a joint venture. The transaction has been designed to preserve the full range of SPDC’s operating capabilities following the change of ownership. This includes the technical expertise, management systems, and processes that SPDC implements on behalf of all the companies in the SPDC Joint Venture (SPDC JV)”.

But, it said, “SPDC’s staff will continue to be employed by the company as it transitions to new ownership”.

Shell emphasised  that amidst the competitive landscape, the company remains committed to supporting the management of SPDC JV facilities. These facilities play a crucial role in supplying a significant portion of feed gas to Nigeria LNG (NLNG), highlighting Shell’s dedication to assisting the nation in maximizing value from its NLNG endeavors.

“This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta, simplifying our portfolio and focusing future disciplined investment in Nigeria on our Deepwater and Integrated Gas positions,” Shell’s Integrated Gas and Upstream Director Zoë Yujnovich said.

ALSO READ  EAC, Polish firm introduce new teaching methodology to primary schools in Oyo

“It is a significant moment for SPDC, whose people have built it into a high-quality business over many years. Now, after decades as a pioneer in Nigeria’s energy sector, SPDC will move to its next chapter under the ownership of an experienced, ambitious Nigerian-led consortium.

“Shell sees a bright future in Nigeria with a positive investment outlook for its energy sector. We will continue to support the country’s growing energy needs and export ambitions in areas aligned with our strategy.”

Continue Reading
Advertisement

Tweets by ‎@megaiconmagg

Subscribe to our Newsletter

* indicates required

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Trending