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All you need to Know about E-Money’s newly acquired N40Million 2017 model Lexus LX 570

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E-Money, who is regarded as Nigeria’s youngest billionaire has made a great record once again, stepping up his position in the world of the most wealthiest people.

The Young man, who is married, with kids just bought himself a brand new  2017 model Lexus LX 570 jeep at a price that has got everyone talking. The car is worth $90,000 and in Naria, its approximately N39 Million naira. This has raised eyebrows in town as people were shocked about the development, even in the era of recession.

The young billionaire is also the owner of Nigeria’s leading record label, Five Star records which houses K-Cee, who happens to be his Elder brother, Harrysong, Skiibi, Soso, who is the manager and many more.

Over the years, researches has been made about the source of his wealth, as young as he is, it’s rare to acquire things even the richest man might possibly not be able to afford. It was discovered that he is into Oil business, shipping industry, and many other business, which has paid off for him.

 

DETAILS OF THE N40MILLION NAIRA VEHICLE

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2017 Lexus LX 570 – Redesign Exterior and Interior

Lexus is pretty sure that its upcoming Lexus LX 570 SUV generations will capture attention of public once it stands in markets. Actually, its look and overall design both are charming, cute and splendid in expression. With more entertaining options and functions, this vehicle will rule over international markets, because it has 19 speakers for rejoicing. Seats are completely comfortable with airbags to protect travelers. Nice environment and totally friendly to passengers.

An exhaust pipe at the backside of Lexus LX 570 makes interior airy and helpful to control climate. There is also an automated climate control system that develops performance of vehicle in hot and freezing days; weather resistant SUV generation. This power train is for 7 travelers with GPS system in various languages, front knee and general airbags for safety, antilock braking system, pre-collision warning system, traction control, heated steering wheel at left end, 19 speakers audio system, Bluetooth, USB connectivity, small LCD’s at rear of front seats, intuitive parking help, satellite radio, wide cargo space, adaptive headlights, glowing indicators and intensive LED light bulbs in the traveling cabin.

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2017 Lexus LX 570 – Engine and Fuel Economy

Lexus has used hybrid combination of 5.7 liter V8 engine and electric motor. Engine of 2017 Lexus LX 570 is proficient to produce 385 horsepower and 405 lb-ft torque. Engine unit of LX 570 is supported with ECT 6-speed automated transmission with more efficiency and improved working.

According to engine capacity and horsepower, this has been concluded that Lexus LX 570 will give 12 mpg in city regions and 17 mpg on highways. It will have 140 mph or 225 km/h speed on roads and it will seem like an air jet running on highways.

2017 Lexus LX 570 – Safety & Competition

Safety is a key factor to be considered by auto makers when making some luxury cars. Now, Lexus LX 570 brings airbags for all passengers with stronger seat belts. Pre-collision system, fire alarming devices, GPS tracker, antilock brakes and emergency braking system are major safety measures for travelers. Lincoln Navigator, Cadillac Escalade, BMW X6 and Audi Q7 are big competitors of LX 570 2017.

– Osho Oluwatosin

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FIRS ANNOUNCES AN ONGOING RECRUITMENT

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FIRS ANNOUNCES AN ONGOING RECRUITMENT.

 

The Federal Inland Revenue Service (FIRS) has rolled out an exciting opportunity for experienced professionals to join its team.

In a public notice via its X handle, the agency announced job openings for positions like Assistant Manager, Deputy Manager, and Assistant Director in fields such as Tax, Public Relations, Legal, ICT, and Risk Management.

Interested candidates are encouraged to review the eligibility criteria and apply via the official portal at careers.firs.gov.ng before January 11, 2025. This recruitment drive is aimed at bolstering public service efforts and maximizing national development.

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UBA GMD Calls for Public-Private Collaboration, Joins Aviation Minister to Commission New MMIA Departure Section

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UBA GMD Calls for Public-Private Collaboration, Joins Aviation Minister to Commission New MMIA Departure Section

The newly renovated departure section of the Murtala Muhammed International Airport, Lagos, refurbished by United Bank for Africa (UBA) Plc, was officially commissioned on Friday, December 20th, 2024.

The laudable project, which marks a transformative moment in Nigeria’s aviation sector, underscores UBA’s unwavering commitment to national development and highlights the immense value of strategic public-private partnerships (PPPs).

The ceremony was graced by distinguished stakeholders, including the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, SAN; the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku; other Directors, and Heads of Agencies operating at the Airport.

Speaking at the event, UBA’s Group Managing Director/CEO, Oliver Alawuba,lauded the collaboration that brought the project to fruition as he emphasised the need for public and private institutions to come together to build and revamp the nation’s assets.

“This renovation is a testament of UBA’s belief in the transformative power of investing in national assets. By modernising our airports, we not only enhance infrastructure but also position Nigeria as a global hub for tourism, trade, and investment,” he stated.

Alawuba took time to highlight the broader economic impact of such initiatives, urging increased private-sector participation in national development. “Public-private partnerships like this demonstrate what can be achieved when we unite for a shared vision of progress and investing in infrastructure catalyses economic growth, improves travel experiences, and creates opportunities across various sectors of the economy,” he added.

Alawuba reflected on the power of unity and collaboration, quoting Helen Keller: “Alone we can do so little; together we can do so much.” The commissioning of the renovated departure section serves as a reminder of what strategic partnerships can achieve in driving national development and elevating Nigeria’s global standing.”

While commissioning the project, Keyamo commended UBA for executing the project, a feat he termed a landmark achievement in Nigeria’s aviation sector. “This renovated departure section exemplifies the bank’s commitment to elevating aviation infrastructure, improving passenger experiences, and fostering international partnerships. It is a proud moment for the ministry and all stakeholders involved, and I thank the management of UBA for pioneering this initiative,” he remarked.

The minister highlighted other key achievements of his ministry, including compliance with the Cape Town Convention, the launch of a consumer protection portal, and advancements in major infrastructure projects such as the second runway at Abuja Airport and solar energy integration in airport operations.

The Managing Director/Chief Executive of FAAN, Mrs. Olubunmi Kuku, commended UBA and other stakeholders for their contributions, adding, “This project reflects FAAN’s dedication to delivering world-class aviation infrastructure. The enhanced departure section not only elevates passenger experiences but also strengthens Nigeria’s competitive position in global aviation,” she said.

She called for more private-sector participation, emphasising that “partnerships like these are essential to transforming the aviation sector into a beacon of excellence.”

The newly renovated departure section boasts cutting-edge facilities designed to enhance efficiency and passenger comfort. This upgrade reaffirms the Murtala Muhammed International Airport’s status as a critical gateway to Nigeria and a major hub for international travel in Africa.

United Bank for Africa is Africa’s Global Bank. Operating across twenty African countries and the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology. UBA is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 45 million customers globally.

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

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