Bill Gates loses World’s second richest position
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Bill Gates has been unseated as the second richest man in the world, losing the position to Bernard Arnault, the chairman and CEO of LVMH.

The News Agency of reports that in the latest ranking by Bloomberg’s Billionaires Index, Arnault is in second place with Jeff Bezos still retaining the first place.

Arnault and his family are the majority owners of Christian Dior and LVMH, parent of such brands as Louis Vuitton, Celine, Fendi, Moët, Hennessy, Dom Pérignon, and others.

As LVMH’s share price has soared in , so has Arnault’s worth. It now stands at about $107.6 billion, more than $200 million ahead of Gates, Bloomberg estimates.

The also stated that Gates would had been ranked the richest person, even ahead of Bezos if not for his philanthropic giveaways which gave Arnault more room to climb.

The French entered the luxury industry in 1984, when he bought Boussac, a textile empire in the midst of bankruptcy that owned Dior.

The famed label by then had deteriorated by licensing its name out to companies producing sub-par products.

Arnault set about reviving it, turning it into a vertically integrated company that did its own production, distribution, and marketing.

He went on to buy up other brands, such as Céline, and in 1988 engineered the deal that made him the majority shareholder of LVMH.

Forbes currently ranks Dior as the world’s largest brand based on sales, profits, assets, and market value.

Meanwhile, LVMH on the whole, keeps attracting customers around the world, with China being the latest highly profitable frontier.

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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Presidency Denies Sack of Osinbajo’s Aides After

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Presidency Denies Sack of Osinbajo’s Aides After a072cfb2 laolu akande 696x522 300x225

Presidency Denies Sack of Osinbajo’s Aides
After keeping mum for several hours, the presidency last night dismissed as untrue, the list, circulating in the media, containing the names of 35 aides of Vice President Yemi Osinbajo purportedly sacked on Tuesday night.
In a tweet last night, Senior Special Assistant to the Vice President, Mr. Laolu Akande, said the list was false.
“A list circulating in the media on the so-called sacked presidential aides is not genuine and ought to be ignored,” he tweeted.
There had been unconfirmed reports of the sack of some aides of the vice president Thursday.
The president, who is currently on a two-week private visit to London, had allegedly ordered the sack without any official statement.
The names of the allegedly sacked aides and their designations circulating Thursday are: AJibola Ajayi, Special Adviser, Legal Affairs; Lanre Osinbona, Senior Special Assistant, Information Communication Technology (ICT); Imeh Okon, Senior Special Assistant on Infrastructure; Jide Awolowo, Special Assistant, Oil and Gas; Lilian Idiaghe, Special Assistant, Research, Legal and Compliance; Arukino Umukoro, Special Adviser, Niger Delta; Bala Liman Mohammed, Senior Special Assistant, Economy and Edobor Iyamu, Senior Special Assistant on Niger Delta.
Others were Dolapo Bright, Senior Special Assistant, Agro Allied Value Chain; Toyosi Onaolapo, Special Assistant, Community Engagement; Gambo Manzo, Special Assistant, Political; Bisi Ogungbemi, Special Assistant, Political Matters; Edirin Akemu, Senior Special Assistant on Industry, Trade & Investment; Akin Soetan, Senior Technical Assistant on Economic matters; Aondaver Kuttuh, Technical Assistant, Rule of Law; Ife Adebayo, Special Assistant, Innovation and Yussuf Ali, Special Assistant, Power Regulations.
Also reportedly sacked were Tola Asekun, Senior Special Assistant on National Boundary Commission; Morakinyo Beckley, Special Assistant on Off-grid Power; Yosola Akinbi, Senior Special Assistant on National Economic Council (NEC); Tochi Nwachukwu, Special Assistant on Power Privatisation; Bode Gbore, Senior Special Assistant, Political; Abdulrahman Baffa Yola, Special Assistant, Political; Kolade Sofola, Special Assistant, Infrastructure; Ebi Awosika, Senior Special Assistant, Community Engagement; Muyiwa Abiodun, Senior Special Assistant, Power; Forri Samson Banu, Special Assistant, Entrepreneurship; Bege Bala, Special Assistant Bureau of Public Enterprises (BPE); Feyishayo Aina, Special Assistant, Community Engagement; Halima Bawa, Special Assistant, Community Engagement; Nkechi Chukwueke, Special Assistant, Community Engagement and Ilsa Essien, Special Assistant, Media.
But Akande said Thursday the list was untrue and should be ignored.
He also reacted to the attack on Vanguard’s photojournalist in the Presidential Villa, Mr. Abayomi Adesida, by the security aides of the vice president, saying issues bordering on the attack had been resolved.
Akande, who said he had apologised to Adesida for the embarrassment caused him by the incident, added that the action of the security aides was regretted.
“The needless scuffle between a villa accredited photographer, Mr. Abayomi Adesida, and one of our security aides earlier today has since been resolved.
“Incident is regretted and I have apologised to him for any embarrassment caused,” Akande tweeted.

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AREGBESOLA – Commends BUHARI Over Border Closure

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AREGBESOLA – Commends BUHARI Over Border Closure IMG 20170418 155438 803

AREGBESOLA – Commends BUHARI Over Border Closure img 20170418 155438 8031053132676

The Minister of Interior, Ogbeni Rauf Aregbosola has commended president Mohammadu Buhari decision on the closing of the nation’s borders.

Aregbesola stated this at the opening ceremony of the Comptroller General of Immigration Annual Conference holding in Benin noted that the Loyalty of Nigerians to the country is not negotiable.

The Minister explained that in view of that, there is need for the nation’s border to be protected.

He emphasized that, borders are political construct and because Nigerians share Political, Ethnic and Cultural affiliation with the Neighboring Countries does not mean the country should not protect its borders.

The Minister also said that the Nigerian Immigration Service must ensure it delivers on providing world class border and Migration Management Services.

He explained that the conference would examine the role of NIS not just in the security architecture of the country, but also as a vital tool in the economic development of the country.

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