₦airaland Forum

🚨 WORLD RECORD ALERT🚨

Folashade Oluwafemiayo of Nigeria improves on her WR TWICE and wins the second Paralympic title in a row in two different categories! 🥇🇳🇬

Women's over 86kg:
🥈 Xuemei Deng 🇨🇳
🥉 Nadia Ali 🇪🇬

#Paralympics | #Paris2024

Paris 2024 🤝 Tokyo 2020

Folashade Oluwafemiayo is now a two-time Paralympic champion! 🥇🥇 Together with that, the 39-year-old has a silver from London 12 years ago.

#Paralympics | #Paris2024

🗣️"After this Paralympic Games I have to rest, then go back to training. I have to rest for many months, so next year I do my training."

- Folashade Oluwafemiayo after breaking the WR and becoming the two-time Paralympic champion. 🇳🇬🥇

#Paralympics | #Paris2024

🚨🚨FINISHING THE PARALYMPICS WITH A WORLD RECORD & A GOLD MEDAL🥇🥇

Nigeria's Folashade Oluwafemiayo has just broken her World Record in the women's over 86kg Para-Powerlifting, becoming the first Para-athlete in history to lift 166kg.

It is an improvement from her existing WR of 165kg, and also added a GOLD medal to the record.

It is an incredible performance from Oluwafemiayo who takes Nigeria's overall tally at the Paralympics to seven medals overall.

Such a super woman 🙌🙌

#TeamNigeria 🇳🇬🇳🇬

SmartyPants:
If you find what I just shared with you meaningless, it calls into question your ability to process information -hence your failure to find meaning in it.

If a list is updated every 5 minutes, which means it can change 5 minutes after you publish information sourced from t it, of what value is such a list?

1. Fascinating. What is Nairametrics, then?

2. There's no reputable financial media institution that produces monthly rich lists.

3. No, you clearly don't, or you wouldn't place any value on rankings that rely on a real-time tracker.

SmartyPants:
Yes, and that is what the mumu blogs rely on in announcing these so-called swings. But this tracker is updated every 5 minutes, and is therefore not useful for any such purpose, and their annual list, which remains the default position through the year, is not based on the real-time tracker as I've explained.

SmartyPants:
Have you noticed that these swings are only reported by Nigerian blogs? That is because they employ olodos who don't understand how the wealth computation is done.

forbes releases a wealthy list once a year in January every year, based on aggregated data throughout the previous year, and not the value of the individuals' wealth at the time of the report.

This is because, wealth by the nature of financial and other assets, fluctuates in a volatile manner.

SmartyPants:
Have you noticed that these swings are only reported by Nigerian blogs? That is because they employ olodos who don't understand how the wealth computation is done.

forbes releases a wealthy list once a year in January every year, based on aggregated data throughout the previous year, and not the value of the individuals' wealth at the time of the report.

This is because, wealth by the nature of financial and other assets, fluctuates in a volatile manner.

Nigeria’s Aliko Dangote regains Africa’s richest title from Johan Rupert

Aliko Dangote, the Nigerian industrial magnate and chairman of the Dangote Group, has regained his title as Africa’s richest man, overtaking South African billionaire Johan Rupert. 

According to the latest Forbes data, Dangote’s wealth currently stands at $11.7 billion, narrowly surpassing Rupert’s net worth, which has declined to $10.8 billion.

This shift marks the restoration of Dangote’s 12-year reign as the continent’s wealthiest individual, a title he briefly lost to Rupert in August 2024.

The Bloomberg Billionaires Index also corroborates this trend, placing Dangote’s fortune at $13.3 billion, marginally ahead of Rupert’s $13.2 billion.

This slight difference, though not as significant as earlier valuations, reaffirms Dangote’s lead. Just two weeks ago, the gap between the two tycoons’ net worth was reported to be approximately $1 billion, with Rupert momentarily holding the top spot. 

Rupert, the founder and chairman of the Swiss luxury goods company Richemont, which owns brands such as Cartier and Montblanc, experienced a decline in his wealth following fluctuations in luxury market demand and currency pressures.

Meanwhile, Dangote’s financial standing has remained relatively stable, allowing him to reclaim his position as Africa’s wealthiest figure.

Dangote’s Ambitious Growth Strategy

Aliko Dangote, renowned for his business acumen, has not rested on his laurels. The Dangote Group, one of Africa’s largest conglomerates with interests spanning cement, sugar, salt, and oil refining, has set its sights on further growth. 

In a recent presentation during a media tour of the Dangote Refinery, the billionaire outlined plans to increase the group’s revenues to an ambitious $30 billion by 2025. 

Central to this strategy is a significant shift in the group’s foreign exchange (FX) operations.

Dangote aims for the conglomerate to become Africa’s largest provider of foreign exchange, with the goal of reducing dependence on the Central Bank of Nigeria (CBN) for FX sourcing.

This move would not only bolster the group’s resilience but also enhance its competitiveness on the global stage.

Dangote further revealed plans to dramatically reduce the group’s reliance on the Nigerian cement market, which currently accounts for 75% of its business, down to 15%. Additionally, he projected a diversification of revenue sources, with 50% of EBITDA expected to come from foreign markets. 

He also emphasized that 90% of the group’s future revenue would be generated in hard currency, underlining its focus on international expansion and export-driven growth.

What to know

• For the Dangote Group, the highly anticipated Dangote Refinery was announced make its first shipment of Premium Motor Spirit (PMS), commonly known as petrol on Tuesday, September 3, marking a critical moment in Nigeria’s energy sector, as the refinery, with a capacity of 650,000 barrels per day, enters commercial production.

• Having successfully completed its testing phase, the refinery is expected to play a key role in reducing Nigeria’s dependence on imported petroleum products.

• The completion and operationalization of the refinery have drawn praise from several high-profile figures, including Nigerian billionaire and oil magnate, Femi Otedola.

• The project is seen as a game changer for both the Dangote Group and Nigeria, potentially transforming the nation’s oil industry and positioning it as a net exporter of refined petroleum products.

kerry57:
Yesterday was a good day for Nigeria foit

🎵OOooh, shake it Caldentey now,
(Shake it Caldentey)
Twist and shout
(Twist and shout)
You know you twist so good
(Twist so good).🎶

Singing this all night long, @mariona8co 🎶💃 pic.twitter.com/qeWMeeCAH3

— Arsenal Women (@ArsenalWFC) September 7, 2024

A Super Z goal for Bay after an assist from Hocking on her debut! 🌟🌟#BayFC #BAYvLOU pic.twitter.com/sAKp5DI13q

— Bay Football Club (@wearebayfc) September 8, 2024

2024 U-20 WWC: Falconets Outclass Venezuela 4-0, Seal Round Of 16 Ticket

Nigeria’s Falconets have qualified for the round of 16 at the 2024 FIFA U-20 women’s World Cup after a comfortable 4-0 win against Venezuela in their final Group D game on Saturday.

Goals from Amina Bello, Chiamaka Ukwuchukwu, Flourish Sebastine and Joy Igbokwe, sealed the team’s passage into the next round.

The Falconets went into the game knowing an outright win will guarantee their passage into the first knockout round.

After opening their campaign with a 1-0 win against South Korea, the Falconets lost 3-1 to Germany.

In the group’s other game, South Korea pipped Germany 1-0 to record their first win of the tournament.

Germany ended as group winners after amassing six points from three matches, while the Falconets finished second also on six points.

South Korea placed third with four points and Venezuela placed bottom with just one point.

Other teams who have also progressed into the round of 16 are France, hosts Colombia, Brazil and Mexico.

Okwuchukwu had the first real chance of the game in the 12th minute but fired straight into the arms of the Venezuelan keeper from close range off a Flourish Sebastine pass.

The Falconets opened the scoring in the 16th minute thanks to Bello who was set up by Okwuchukwu.