News
Dangote drops to second as South African Johann Rupert becomes the richest man in Africa
Johann Rupert, a South African billionaire, has surpassed Aliko Dangote, a Nigerian billionaire, to become the wealthiest person in Africa.
According to Bloomberg, Rupert’s wealth has increased to $13.65 billion, ranking him as the 154th richest person globally.
As of Friday, August 2, 2024, Dangote’s net worth was $13.6 billion, which is $50 million less than Rupert’s.
Dangote is currently ranked as the 156th richest person in the world on the latest Bloomberg list.
The source of wealth for both Dangote and Rupert has seen different changes since the beginning of 2024.
From January to August, Rupert’s wealth has grown by $1.21 billion, while Dangote’s wealth has decreased significantly due to the devaluation of the naira.
Billionaire.Africa reported that Dangote has lost over $10 billion in the last six months.
Dangote’s wealth is mainly derived from his 86% stake in Dangote Cement, which is publicly traded. Therefore, his wealth is heavily influenced by the performance of the Nigerian economy and currency.
On the other hand, Rupert’s wealth primarily comes from Cie Financière Richemont, the world’s largest luxury watchmaker and a publicly traded company specializing in luxury goods.
Here are the top 10 richest men in the world
Elon Musk: $241bn
Jeff Bezos: $207bn
Bernard Arnault: $182bn
Mark Zuckerberg: $177bn
Bill Gates: $157bn
Larry Page: $153bn
Larry Ellison: $152bn
Steve Ballmer: $145bn
Sergey Brin: $144bn
Warren Buffett: $136bn
Last Updated on August 3, 2024 by News Time
News
Oyedepo Warns Nigerian Youths: ‘Don’t Tempt God’ with Travel Abroad
David Olaniyi Oyedepo, the presiding bishop of the Living Faith Church, has highlighted the significance of divine guidance for the youth of Nigeria.
He advised them to refrain from making impulsive decisions to leave the country without first seeking God’s direction. Oyedepo stressed the necessity of depending on divine leadership to attain success and prominence, warning against the risks of testing God through personal ambitions.
This communication was presented during the impartation service at the church’s Annual Youths Alive Convention (AYAC2024) on Saturday, August 17, as reported by Vanguard.
The distinguished religious leader emphasized the difficulties of navigating a chaotic era, urging young individuals to seek moments of solitude to genuinely discern God’s voice.
“Do not hastily make decisions and seek God’s approval. Avoid testing God. Instead, inquire about His plan, for His plan is inherently blessed.
“It is essential to cultivate a spirit of quietness and humility to perceive God’s communication. One must be attuned to the spirit to recognize its voice, and one must possess spiritual awareness to fully embrace that voice.”
Last Updated on August 22, 2024 by News Time
News
Dr. Abel Damina Denies Jealousy, Calls Pastor Jerry Eze’s Miracles ‘Fake
Dr. Abel Damina, a prominent clergyman, has stated that he does not feel any jealousy towards Pastor Jerry Eze. He questioned the accuracy of the statement, “What God cannot do does not exist,” asserting that it is false.
This revelation was made during a recent episode of the Honest Bunch podcast, which included hosts Nedu Wazobia, Husband Material, and others.
He remarked, “The phrase ‘What God Cannot Do Doesn’t Exist’ is not the truth… Some may believe I am envious of Jerry Eze, but he is significantly my junior in the ministry.
Additionally, he expressed skepticism regarding many of the miracles currently being showcased, while still affirming his belief in the existence of genuine miracles.
I believe in miracles, I believe in healings, but not all these staged miracles we are witnessing today,” stated Abel Damina.
The podcast co-host, Nedu, posed the question: “Are you suggesting that the miracles are fabricated?”
Damina replied: “Is it not evident that the majority of those crutches are identical in color and all appear to be brand new? In what scenario would individuals attend a crusade and possess the same type and color of crutches?”
Responses have ensued:
@ugo_shib commented: “People assume I harbor jealousy towards Jerry Eze. I assert that it is you who are envious of him.”
@E_Mbuyazi stated: “That statement holds true for the God of Christianity and for any other faith I am aware of. Everything that exists—both good and bad—is attributed to ‘God’s’ influence.”
@sire_sommy remarked: “Regardless of the veracity of Dr. Abel Damina’s statements, I have one inquiry: when did ministers of God begin accepting invitations to podcasts?”
Last Updated on August 22, 2024 by News Time
News
Pastor Kumuyi Explains Allowing Muslims to Speak at His Conference
Pastor William Kumuyi, the distinguished General Superintendent of Deeper Christian Life Ministry, has extended an invitation to Muslim clerics to participate in his groundbreaking Change Makers International conference.
This initiative, aimed at addressing the pressing social and spiritual challenges facing Nigeria, has attracted significant attention for its unique strategy of bringing together individuals from different faiths to confront the country’s most critical issues.
The event, which is characterized by its non-denominational, non-tribal, and non-religious nature, has previously hosted transformative gatherings that included a wide array of pastors and Muslim clerics at the Yakubu Gowon Stadium in Elekahia, Port Harcourt.
Pastor William Kumuyi has boldly expressed his rationale for including Muslim clerics in this pioneering Change Makers International (CMI) conference, reflecting a commitment to unity and collaboration in tackling Nigeria’s urgent concerns.
The initiative, characterized by its non-denominational, non-tribal, and non-religious nature, is currently garnering attention with its inaugural event at the Yakubu Gowon Stadium in Elekahia, Port Harcourt. This event has brought together a diverse group of pastors and Muslim clerics for a series of transformative discussions.
During a powerful sermon at this landmark conference, Pastor Kumuyi passionately articulated his groundbreaking decision to invite Muslim clerics to address his congregation, a choice that has sparked significant debate and interest.
In a recent video, Pastor Kumuyi emphasized the critical importance for Christians to view adherents of other faiths as genuine neighbors, promoting a relationship that goes beyond mere tolerance to cultivate authentic and meaningful connections.
To exemplify his viewpoint, Pastor Kumuyi highlighted the profound significance of allowing Muslim clerics to speak from his pulpit. This decision, which defied traditional church norms, was a bold testament to his commitment to inclusivity.
He further elaborated on his decision to allow the clerics to don their traditional caps while on the pulpit, noting that the conference took place in a stadium rather than within a church setting.
Pastor Kumuyi concluded by stating that had the Muslim clerics invited him to wear their traditional caps, he would have readily accepted, clearly demonstrating his sincere regard for them as neighbors.
Last Updated on August 22, 2024 by News Time
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