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Business News

President Buhari assigns portfolios to all 43 ministers [Full-List]

President Muhammadu Buhari has finally assigned portfolios to all the forty three (43) ministers. 

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Ministerial list

President Muhammadu Buhari has finally assigned portfolios to all the forty-three (43) ministers 

The president announced the portfolios to all the ministers on Wednesday while delivering his speech at the Swearing-In Ceremony in the State House, Abuja.  

See-Full list:  

Abia – Uchechukwu Samson Ogah: Minister of State for Mines and Steel Development
Adamawa – Mohammed Musa Bello: Minister for Federal Capital Territory
Akwa Ibom – God’swill Akpabio: Minister for Niger Delta
Anambra – Dr. Chris Ngige: Minister for Labour, Employment and Productivity
Anambra – Sharon Ikeazu:  Minister of State for Environment
Bauchi – Adamu Adamu: Minister for Education
Bauchi – Ambassador Mariam Kategu: Minister of State for Industry, Trade and Investment
Bayelsa – Timipre Sylva: Minister of State Petroleum Resources
Benue- George Akume: Minister of Special Duties and International Affairs
Borno- Mustapha Baba Shehuri.: Minister of  State Agriculture and Rural development
Cross River – Goddi Jeddi Agba: Minister of State Power
Delta – Festus Keyamo: Minister of State Niger Delta
Enugu – Ogbonnaya Onu: Minister for Science and Technology
Edo – Osagie Ehanire: Minister for Health
Edo – Clement Agba:  Minister of  State Budget and National Planning
Ekiti- Otunba Richard Adeniyi Adebayo: Minister for Industry, Trade and Investment
Enugu – Geoffrey Onyeama: Minister for Foreign Affairs
Gombe – Isa Ibrahim Pantami: Minister for Communication
Imo – Emeka Nwajiuba: Minister of State Education
Jigawa – Suleiman Adamu: Minister for Water Resources
Kaduna – Zainab Ahmed: Minister for Finance, Budget and National Planning
Kaduna – Mohammed Mahmud: Minister for Environment
Kano – Sabo Nanono: Minister for Agriculture and Rural Development
Kano – Major Bashir Salihi Magashi: Minister for Defence
Katsina – Hadi Sirika: Minister for Aviation
Kebbi – Abubakar Malami: Attorney General and Minister for Justice
Kogi – Ramatu Tijani: Minister of State Federal Capital Territory
Kwara – Lai Mohammed: Minister for Information and Culture
Kwara – Gbemisola Saraki: Minister of State Transportation
Lagos – Adeleke Olorunmibe Mamora: Minister of State Health
Lagos – Babatunde Fashola: Minister for Works and Housing
Nasarawa – Mohammed Abdullahi: Minister of state Science and Technology
Niger – Zubairu Dada: Minister of State Foreign Affairs
Ogun – Olamilekun Adegbite: Minister for Mines and Steel Development
Ondo – Tayo Alasoadura: Minister of State, Labour and Employment
Osun- Rauf Aregbesola: Minister for Interior
Oyo- Sunday Dare: Minister for Youths and Sports
Plateau-  Paulen Talen: Minister for Women Affairs
Rivers-  Rotimi Amaechi: Minister for Transportation
Sokoto- Maigarai Dingyadi: Minister for Police Affairs
Taraba- Saleh Mamman: Minister for Power
Yobe- Abubakar Aliyu: Minister of State Works and Housing
Zamfara- Sadiya Umar Farouk: Minister for Humanitarian Affair, Disaster Management and Social Development.

 

Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

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Billionaire Watch

How young Elon Musk started and sold 3 businesses for $1.9bn before Tesla

We look at the 3 successful businesses Elon Musk founded and sold for a collective $1.9bn before starting Tesla.

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Elon Musk needs $20 billion wealth gain to clinch world's richest man title

Success is never an accident. It is most times the result of many years of hard work and consistent effort. Elon Musk is popular today for his electric car company Tesla and his space project SPACE X. But long before these, he was already a multi-millionaire and had founded 3 successful companies which he sold for a collective $1.9bn.

The purpose of this article is to paint a clear picture of what it takes to be among the top 1% of any field. It takes years of consistent hard work to get there. Elon Musk is the perfect example of an individual with a very strong work ethic. His story below will prove that to you.

This article will briefly look at the 3 successful businesses Elon Musk founded and sold for a collective $1.9bn before starting Tesla. Let’s go!

READ: Blue Origin Vs Space X: Bezos and Musk’s subtle battle for supremacy

Blaster ($500)

A 12-year-old Elon Musk facing bullying in high school and a not so friendly dad taught himself how to code. According to the Inc. Magazine, he mastered BASIC a general-purpose coding language making use of a commodore PC he acquired himself. He later that year, sold the code for his PC game Blastar to a PC magazine for approximately $500.

This was his first business endeavour which he started and sold.

READ: Tesla investor sues Elon Musk for causing problems with his tweets

ZIP 2 ($340m)

After the sale of Blastar for $500, Elon Musk and his brother Kimbal took a $28,000 seed money from their dad and started another internet venture, Zip 2. They rented an office and slept in it because they couldn’t afford a house.

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Zip 2 was a web software startup that created online city guides for newspapers. The software was patronized by the New York Times and other notable media companies.
Elon Musk and his brother Kimbal sold Zip 2 to PC giants Compaq for $340m. The year was 1999 and Elon Musk was 28 years old.

READ: Reinvestment: The powerful strategy used by the 2 richest men in the world

X.com/PayPal ($1.5bn)

Elon Musk continued on his journey of starting companies and selling them. He took $10m out of his earnings from the Zip 2 deal and joined the internet boom.

He founded x.com an online platform he envisioned to be the future of internet banking. In 2000 X.com merged with a Fintech startup, Confinity, founded by Peter Thiel, another would-be billionaire. Both companies combined to become what we know as PayPal today. Elon musk was named CEO of PayPal and had the highest number of shares in the company.
In 2002 PayPal was acquired by eBay for a whopping $1.5bn.

READ: Elon Musk gains $25 billion in a day, as Tesla surges by 20%

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What you should know

Elon Musk has often stressed the need to be consistent and have strong work ethics. In a graduation ceremony by the USC Marshall School Of Business, Elon Musk shared his opinion on work ethics according to CNBC.

You need to work super-hard. Work hard every waking hour,” Musk said in 2014.

“If you do the simple math, and say if somebody else is working 50 hours [a week] and you’re working 100, you’ll get twice [as much] done in the course of a year as the other company.”

We hope this Monday article will inspire you to work harder and strive to get more work done in record time.

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Business News

CAC sets 3-hour time line for company registration in 2021

The CAC is prioritising the reduction of the registration circle for new companies to just 3 hours before the end of the year 2021.

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CAC, Corporate Affairs Commission selects NIPOST as official courier partner

The Corporate Affairs Commission (CAC) has said that following the successful deployment of an end-to-end registration module, it was now prioritising the reduction of the registration circle for new companies to just 3 hours before the end of the year 2021.

This is coming after CAC had in November 2020, announced the implementation of new technology that will change the face of business registration including allowing customers to print their certificates with verifiable QR code from anywhere in the world.

This disclosure was made by the Registrar-General of the commission, Garba Abubakar, at a dinner in honour of the Chairman, Governing Board, CAC and Nigerian Ambassador-Designate to the Kingdom of Spain, Ademola Seriki.

READ: CAC to register companies within 48 hours, approve business name same day

In order to achieve this target, the Registrar-General said the commission was making arrangements to empower over 400 approving officers with working tools to process and approve registration applications either from home or anywhere necessary,” the agency stated.

Abubakar noted that the challenges of the Covid-19 pandemic had adversely hampered CAC’s delivery timeline.

He, however, pointed out that CAC was resolutely committed to serving its customers despite being forced to operate with less than 50% of its workforce.

READ:  CAC registration: 100,000 business names registered for free so far

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While bidding farewell to Seriki, the Registrar-General said he received the news of his appointment with mixed feelings as CAC was going to miss his tremendous support and guidance.

Also speaking at the event, the Minister of Industry, Trade and Investment, Niyi Adebayo, described the outgoing CAC Chairman as a man of immense pedigree and endowed with enormous potential to justify the confidence reposed in him by the president.

READ: CAC re-validation: payment accreditation is one-off

In case you missed it

  • The CAC recently announced the upgrade of its website and online registration portal to include features, which allow for the automation of some selected services and processes, in line with the Federal Government’s mandate of improving the ease of doing business in Nigeria.
  • The selected services and processes include Electronic search of company records, Upgraded Companies Registration Portal for Pre-incorporation filings and Post incorporation filings.

 

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