Nigerians Are Losing Hope in Your Change Mantra – Labour Tells Buhari

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Billionaire Femi Otedola loses $400million in 9 weeks – Forbes report

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Nigerian billionaire Femi Otedola has lost more than $400 million of his personal fortune over the last 9 weeks as the stock price of Forte Oil, the Nigerian-listed energy behemoth he controls, shed off 43.5% in value within that period. In late February the share price of Forte Oil hit an all-time high of N342 per share after the Lagos-based utilities and petroleum marketing company released its impressive 2015 FY results and declared an attractive dividend of N3.45 per share. However, as at close of trading today (Tuesday), its share price has dropped to N193.46 after recording consistent daily losses over the past few weeks. Otedola, who is the company’s controlling shareholder, has seen his paper net worth drop from $1.6 billion when FORBES published its annual ranking of the World’s Billionaires in March, to $1.2 billion today, according to the FORBES’ real-time billionaire scorecard. A source at Forte Oil says that the drop in the company’s share price is not un...
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Burna Boy & his producer clash on twitter over the leak of a song, unpaid debts

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 A supposedly new song by Burna Boy titled ‘Acting Bad’ is stirring up drama on Nigerian twitter. Burna boy reportedly tweeted the link to the song but took it down. However, he later went ahead to clarify that the song was actually produced in 2015 by Orbeat, who also produced his hit single, ‘Soke’ & worked on his album. On the other hand, the producer lashed out at him on twitter via his handle, Orbeat_Official today, claiming that the song was released illegal without his consent and that he hasn’t been paid fully for the work he put in burna boy’s album. He even claimed that Burna’s mother sidelined him ever since she took over his career. Burna Boy has angrily responded back to the claims, slamming & calling out the producer for being manipulative, a ‘crack head’ and a ‘thief’.
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