Business

Tekriwal, born in June 1990 into a traditional Marwari family, went to Jawaharlal Nehru Senior Secondary School in Bhopal and Lawrence School in Lovedale. After completing her studies at Coventry University, she got married to a Hyderabad-based businessman.   Acknowledging difficulties in the private aircraft industry, Tekriwal promised to resolve them. She stressed that while organizing private jet trips, brokers and operators sometimes disregard the demands of their clients in favor of profits. Tekriwal continued, "Customers pay astronomical amounts due to sheer lack of transparency and non-availability of charter planes," as reported by Indiatimes.   Following almost 20 months of industry experience and gap analysis, Tekriwal launched JetSetGo. Currently, the organization provides air taxi services, which let Indian cities connect. Using electric vertical take-off and landing (VTOL) aircraft, JetSetGo reduces the total cost of chartered flights by combining innovative methods, SMART management, and technology.   . Tekriwal introduced JetSetGo after…
According to reports, the Dangote refinery has established a deadline for selling and exporting its first fuel. The Dangote Refinery has taken a crucial step by releasing bids for the sale of its first two export cargoes of petroleum. Dangote has granted Trafigura the contract to load the first shipment, which will consist of 65,000 metric tons of sulfur straight-run fuel oil, by the end of February. The refinery was reportedly getting ready to ship its first petroleum cargoes to the domestic market in weeks, according to rumors that surfaced.   Major Nigerian oil marketers had signed up with Dangote Refinery to transport and sell petroleum products from the $20 billion plant. According to the article, important marketers operating under the Major Oil Marketers Association of Nigeria (MEMAN) umbrella affirmed that, upon registration, they would start distributing fuel from the facility as soon as the contractual arrangements were settled. Additionally,…
Agbede is announced by Access Holdings as acting Following the untimely death of Herbert Wigwe, GCEO Access Holdings Plc has named Bolaji Agbede as the Acting Group Chief Executive Officer. This was revealed in a statement released by Access Holdings Plc's board of directors on Tuesday. Ms. Agbede was the company's most senior founding executive director in charge of business support prior to her appointment.   With the Central Bank of Nigeria's clearance, she would assume leadership of Access Holdings Plc's operations. This transformation represents a turning point in the history of the organization as it works through the difficulties posed by an abrupt change in leadership. Agbede has a remarkable career trajectory in banking and business consulting services, spanning over three decades, which has given her a wealth of experience and strategic insight.   Meanwhile, US officials stated on Sunday that initial findings point to snowy weather as the…
The late Herbert Wigwe, the global chief executive officer (GCEO) of Access Holdings Plc, had his parents visited by Aigboje Aig-Imoukhuede, the former group managing director of Access Bank. Prominent Nigerians who also paid a visit to the grieving parents in Abuja on Monday included Pat Utomi, the leader of the Labour Party (LP), Atedo Peterside, the founder of Stanbic IBTC Bank Plc, Dapo Abiodun, the governor of Ogun, and Aliko Dangote, the chairman of the Dangote Group. Involved in a helicopter crash in the United States on Saturday were Wigwe, his wife, son, and Abimbola Ogunbanjo, the former group chairman of the Nigerian Exchange Group Plc (NGX Group). Though no survivors have been located to far, there were six people on board.
Two individuals close to Herbert Wigwe's team confirmed his death to Semafor Africa on Friday night in a California helicopter crash. Wigwe was the chief executive of Access Holdings, a Nigerian company that owns Access Bank, one of the biggest banking companies in Africa. Along with two other victims of the crash were his wife, kid, and a former group chairman of the Nigerian Exchange, which runs the nation's primary stock exchange. Not a single person survived. The New York Times said today that the helicopter, which the Federal Aviation Administration (FAA) of the United States recognized as a Eurocopter EC130, went down close to the California–Nevada border. According to the Times, the incident is being looked at by the FAA and the US transportation safety body. The collision happened around sixty miles from Las Vegas. He was due to attend this weekend's Super Bowl American football game, which is…
Despite doubts about his ability to close deals, media tycoon Byron Allen, who is putting up $14 billion for Paramount Global, told CNBC on Wednesday that he has the capital to fund a transaction. "We have access to more than enough capital. Certainty of near is the true problem, according to Allen. "This deal lives or dies at the [Federal Communications Commission]," he stated. Allen made a bid of $30 billion for all of Paramount's outstanding shares, including debt and stock. Allen is the founder and CEO of a media organization that controls many television networks across the United States. According to a statement from the Allen Media Group, the offer "is the best solution for all of the Paramount Global shareholders, and the bid should be taken seriously and pursued." Allen is no stranger to making proposals on significant media properties. However, bidding does not imply purchase.    …
Bernard Arnault, the French patriarch of luxury goods company LVMH, has surpassed Elon Musk as the richest man in the world. This is due to the latter's impressive January gain of $200 billion in market value from Tesla. The decline is indicative of the EV manufacturer's string of misfortunes throughout the month which witnessed a 26% decline in the price of its shares. Consequently, Musk's net worth has decreased from a height of $320 billion in November 2021 to an estimated $205 billion by Forbes. Initially, In the fourth quarter, China's BYD overthrew Tesla as the top EV maker. Subsequent official statistics indicated that Tesla was facing systemic issues in the biggest auto market in Europe, and the U.S.'s bitter cold created a flurry of uncertainty about the overall dependability of electric vehicles (EVs) outside of California's mild climate. The Wall Street Journal also reported allegations that Elon Musk was…
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