Business

For a cool 1.5 million dollars, a Coca-Cola employee offered Pepsi corporate secrets. Coca-Cola was notified by Pepsi in response. Joya Williams and her accomplice Ibrahim Dimson were high-ranking Coca-Cola employees who had access to several documents concerning the company's products and upcoming initiatives. Williams and Dimson then approached Pepsi, putting up a $1.5 million deal to sell all of the executive secrets. Regretfully, Pepsi executives informed Coca-Cola and the FBI about Williams and Dimson. Then undercover officers from the FBI dressed as Pepsi executives were sent. These undercover FBI operatives used a portion of the $1.5 million required to entice Williams and Dimson, who were then coerced into turning over the documents and the chemical vial. Dimson and Williams were apprehended with crimson hands.   The FBI proved their case in court by presenting the secrets and the proof of payment. Williams received an eight-year jail sentence in 2007…
Aliko Dangote, the president of Dangote Group, has explained why the first Premium Motor Spirit—also referred to as gasoline—sample from his refinery was clearer than the gasoline that is already in use. Speaking at a live stream from his refinery in Lagos State's Ibeju-Lekki neighborhood, Dangote emphasized that cleaner gasoline is better for the environment and may help lessen health risks related to contaminated petroleum products. He mentioned that the new gasoline will shield engines from harm caused by conventional gasoline's lack of clarity. "This is the gasoline sample," he declared. It may appear to be a different color, but that is the case. You will now possess a genuine and high-quality product.   "I'm sure Nigerians haven't seen this color of diesel before," Dangote added about the diesel's color. "We refer to this as Euro-5 diesel. Less than 10 parts per million (PPM) of sulfur are present in it.…
An agreement on a gas pipeline for the Gulf of Guinea has been signed by Presidents Bola Tinubu and Teodoro Mbasogo of Equatorial Guinea. The agreement on the Gulf of Guinea gas pipeline project was signed on Wednesday, according to a statement released on Thursday by the president's spokesperson, Ajuri Ngelale. According to Ngelale, the deal strengthens the two countries' cooperation for development. Ngelale claims that the agreement addressed general principles, ownership of the gas pipeline, establishment and operation of the pipeline, and legislative and regulatory procedures about the gas pipeline.   During his speech, Tinubu stated that the agreement's signature would create new jobs and chances for gas development. In a private meeting that took place before the agreement's signature, the president stated that the two leaders talked about matters about the continent's conflict resolution mechanisms, food security, employment development, and multilateral ties. "Conflicts and their settlement were discussed…
The top 10 countries that import petroleum products from Nigeria's $20 billion Dangote Refinery include the United States of America, Spain, France, South Korea, Angola, Togo, Guinea, Belgium, Israel, and Singapore. This is happening concurrently with a vote of confidence in the Dangote Refinery being passed by students nationwide in postsecondary educational institutions operating under the National Association of Nigerian Students, or NANS.   Nonetheless, fuel oil, gasoline, jet fuel, and naphtha are among the goods that have been sent to the nations at various points in time, bringing in more foreign cash for the country. Argus Group, United Kingdom, revealed in its presentation at a recent virtual event, Nigeria's Dangote Refinery - What it Means for Trade Flows and Price Benchmarks, obtained by Vanguard, that the refinery has altered the direction of petroleum product trade flows between West Africa and other regions while creating many new jobs.   Generating…
The 73-year-old British billionaire Sir Richard Branson has revealed his plan for passing down Virgin Atlantic to his children, Sam, Holly, Ryan, and Richard. Even though he is 73 years old and well past retirement age, risk-taking businessman Sir Richard Branson doesn't appear to be slowing down. Even so, it seems that the CEO of Virgin Group is organizing his affairs to make sure that his family retains ownership of Virgin Atlantic long after he passes away. The 73-year-old Branson said in an interview with the Times of London that he is one of several senior CEOs going through succession planning as part of the multibillion-dollar wealth transfer that will take place over the next 30 years.     Branson intends to give his 39-year-old son Sam and his 42-year-old daughter Holly the airline's keys as part of that transfer. Branson told The Times, "I plan to keep it in…
The Lekki Free Trade Zone and Nigeria's first deep-water port were constructed in collaboration with Tolaram, which has now purchased Diageo's 58.02 percent stake in Guinness Nigeria Plc.     The Tolaram Group, an Indonesian conglomerate, has received praise from President Bola Ahmed Tinubu for its unwavering belief in Nigeria and its economy.     The Lekki Free Trade Zone and Nigeria's first deep-water port were constructed in collaboration with Tolaram, which has now purchased Diageo's 58.02 percent stake in Guinness Nigeria Plc.     Tolaram will also enter into long-term license and royalty arrangements for the continuous production of Guinness products as well as its locally created Diageo ready-to-drink and mainstream brands, according to an announcement made at the Nigerian Exchange on Tuesday.   According to a statement released on Tuesday by Bayo Onanuga, Special Adviser to the President on Information & Strategy, President Tinubu stated that Tolaram had demonstrated that it…
The most expensive cow ever sold at auction is a three-year-old Brazilian cow priced at US$4 million (about R75 million), according to Guinness World Records.   The cow, weighing one hundred kilograms, or twice the weight of an ordinary adult of this breed, brought in three times the previous record price. The Zebu breed, a subspecies that originated in India and is recognized for its characteristic hump and dewlap, accounted for 80% of the cattle in Brazil; however, the Nelore type was bred for meat rather than milk.   Brazil's economy mostly derives from the livestock sector, and the government is actively pursuing expansion into other export markets. Brazil, the biggest supplier of beef in the world, wants its meat to be consumed by everyone, everywhere, according to the AP. The farm in the state of Minas Gerais near Uberaba was home to Viatina-19, who was under regular observation from…
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