Business News
Davido, three others make Instagram’s most valuable posts list
@iam_Davido has been ranked above fellow Nigerian singer, Wizkid, on the 2019 Instagram Rich List. The report by London-based Instagram tool scheduling firm, Hooper HQ, has four Nigerian celebrities which includes three singers and one actress. @KylieJenner topped the list.
Nigerian singer, David “Davido” Adeleke, has been ranked above fellow Nigerian singer, Ayo Balogun, fondly called “Wizkid“, on the 2019 Instagram Rich List. The report released by the London-based Instagram tool scheduling firm, Hooper HQ, has four Nigerian celebrities – three singers and one actress. Kylie Jenner topped the list.
The 2019 Instagram Rich List is made up of celebrities who monetise their followers and influence by promoting goods and services of known and unknown brands across the world. Hooper HQ compiled a list of top brand influencers across the world, and according to the research firm, 2019 has seen the highest amount of money for paid Instagram posts to date.
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Social media platforms have grown to become one of the most popular marketing tools for brands across the world. These companies have been able to reach more people without the aid of traditional media – television, radio, and newspaper. According to a Facebook research conducted recently, 83% of Instagram users discover new products and services on Instagram.
Hooper HQ’s list discloses how much Instagram’s top celebrities and influencers are making through the platform. The list shows that the number of an individual’s followers doesn’t necessarily determine how brands value the person’s posts.
In Nigeria, the following celebrities made the top 50 most valued and expensive posts:
- Davido;
- Funke Akindele;
- Wizkid; and
- Tiwa Savage.
Wizkid, Tiwa Savage and Davido
According to Hooper HQ, Davido earns more than Senera Williams and many other international celebrities. Davido is, however, second in Africa behind Egyptian and Liverpool footballer, Mohammad Salah, who is ranked 26 with $165,000.
Davido ranks 38 with $74,000 per post to promote a brand’s goods and services. This means a post for a brand by Davido is worth about N26.7 million. The ‘Ekuro’ crooner has 11.7 million Instagram followers.
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Nollywood actress, Funke Akindele, is third on the list behind Salah and Davido, securing the 45th position. Hooper HQ said her post was valued at $50,500, that’s about N18.2 million per post. Akindele’s Instagram followers are about 8 million.
Following her closely is Wizkid, whose Instagram post for brand promotion is valued at $49,700, approximately N17.9 million in Nigerian currency. Wizkid has about 7.8 million Instagram followers.
Completing the list for Nigerian celebrities is singer Tiwa Savage. Her promotion for brand products and services is worth $47,200 per post. This means, for every brand, she promotes on her Instagram, each post is valued around N17 million.
Energy
FG approves new board for NLNG, BGT
The change was necessary because the current board members had been in office since 2005.
Federal Government has approved the newly reconstituted boards of Nigeria Liquified Natural Gas(NLNG) and Bonny Gas Transport Limited (BGT).
This was disclosed in a statement issued by the Minister of State for Petroleum Resources, Chief Timipre Sylva, in Abuja on Monday.
According to him, the new board, which was approved by President Muhammadu Buhari, was necessary because the current board members had been in office since 2005.
He disclosed that the new board members for the NLNG include Dr Edmund Daukoru as Chaiman, Mr Henry lkem-Obih as a Member and Dr Rabiu Sulaiman as a Member.
Other Members include the Group Managing Director of the Nigerian National Corporation (NNPC), Malam Mele Kyari and the Permanent Secretary, Ministry of Petroleum Resources, Mr Bitrus Nabasu.
He also said that Daukoru was also approved as the President of the Board of BGT while Doyin Akinyanju and Abdul Abba are members.
The minister noted that Kyari and Nabasu were also members of the board.
“I will like to use this opportunity to thank the chairman and other outgoing board members of NLNG for steering the companies to record successes, particularly the Train 7 FID.
“l wish the exiting members good health and more successes in their future endeavors.
“To the incoming members of the board, I congratulate you on this appointment; your selection is based on your experience, integrity and expertise.
“I, therefore,urge you to bring all these to bear in the discharge of your responsibilities in line with the progressive agenda of Mr President,” he said.
The News Agency of Nigeria(NAN) reports that some of the new board members had worked in the industry in the past.
Daukoru was a former Minister of State for Energy and also Secretary General of the Organisation of the Petroleum Exporting Countries in 2006.
He became the Amayanabo, or traditional ruler, of Nembe Kingdom in 2008.
Also, Ikem-Obih was a former Chief Operating Officer, Downstream of the NNPC and Rabiu a former Group Executive Director at the corporation.
Hospitality & Travel
Passengers can now arrive 90 minutes before departure for domestic flights – FG
The Federal Government has announced the reduction of arrival time for passengers from three hours to one hour and a half before departure for domestic flights.
This was disclosed in a tweet post by the Minister for Aviation, Hadi Sirika, through his Twitter handle on Monday, July 13, 2020.
The minister said that the decision was arrived at after they have reviewed passenger facilitation at the airport while noting that passengers should check-in online.
In the tweet post, Sirika said, ‘’My colleagues and I have reviewed passenger facilitation at our airports, consequently I am happy to announce that, henceforth travellers are to arrive one hour and half before their departure time for domestic flights. Travellers are advised to check-in online, please.’’
My colleagues & I have reviewed passenger facilitation at our airports, consequently I am happy to announce that, henceforth travelers are to arrive one hour and a half before their departure time for domestic flights. Travelers are advised to check in online, please 🙏🏽🇳🇬🇳🇬🇳🇬🙏🏽
— Hadi Sirika (@hadisirika) July 13, 2020
It can be recalled that the Federal Airports Authority of Nigeria (FAAN) had earlier in June issued flight resumption protocol for both international and local passengers across the country, advising passengers to arrive at the airport three hours before their time due to the new COVID-19 safety checks for domestic flight operations and five hours for international flight operations.
Economy & Politics
Seyi Makinde Proposes N3 billion investment plan for water supply
The local governments in Oyo are advised to submit a list of 10 faulty boreholes in the LG.
The Governor of Oyo State, Seyi Makinde announced the proposal of a N3 billion investment plan dedicated to water supply in rural and urban areas of the state.
Speaking through the Chairman of Rural Water Supply and Sanitation Agency (RUWASSA), Mr. Najeem Omirinde in Ibadan on Monday, he added that N500 million of the N3 billion would be used for repairing broken and faulty state-owned boreholes.
All Chairmen of each of the Local Governments in Oyo are advised to submit a list of 10 faulty boreholes in the Local governments.
The Oyo State governor also ordered that all new boreholes must be compliant with solar-powered pumps, to enable their longevity and save costs.
Urging residents to patronize the agency if they need to dig up boreholes for water, citing that it would be cheaper if done through the state agency than with private drilling companies.
Minister of Finance, Zainab Ahmed stated last year that Nigeria needs an estimated N36 trillion annually for the next 30 years to solve Nigeria’s infrastructure problem. The investment, although a tiny fraction of what Nigeria needs is a bold step by the Oyo State government.
FG approves new board for NLNG, BGT
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Seyi Makinde Proposes N3 billion investment plan for water supply
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