Business
Africa Giant Burna Boy Sells Out London Stadium For The Second Time
In a feat that solidifies his position as one of Africa’s most prominent global music icons, Grammy award-winning Nigerian singer, Damini Ogulu, popularly known as Burna Boy, has sold out the 80,000-capacity London Stadium for the second time! The self-acclaimed African Giant’s historic milestone was achieved on Saturday night during his electrifying performance on his ‘I Told Them’ world tour. The energy was palpable as he belted out hits like ‘I Told Them’, ‘Gbona’, ‘Dey Play’, ‘Location’, and ‘Last Last’, among others.
Burna Boy’s sold-out concert was a testament to his international recognition and performance prowess. He brought out some Nigerian colleagues on stage, including Omah Lay, Phyno, Shallipopi, Odu-modu Blvck, and Seyi Vibez, adding to the excitement of the night. Popular skit maker, Sabinus, also delighted the audience with his exhilarating opening performance. This achievement marks a significant milestone in Burna Boy’s career, cementing his position as one of the most successful African artists globally. His success story serves as an inspiration to many, proving that dreams can come true with hard work and perseverance.
In an interview with London Stadium, Burna Boy expressed his determination to make history and si-lence doubters. “London Stadium is going to be my fairground! I’ve been told that I couldn’t achieve anything because of where I came from. I hope this can show people that when you have a dream, it doesn’t matter where you’ve come from; your dream can come true.” Burna Boy’s sold-out concert was confirmed by the management of the UK stadium on Twitter, which read, @burnaboy’s RECORD-BREAKING concert has now officially SOLD OUT! What an incredible achievement for the first-ever African artist to solo headline a UK stadium. Since gaining global stardom in 2018 with his mega-hit single ‘YE’, Burna Boy has become Africa’s big-gest artist, with record-making concerts worldwide. His historic feat at the London Stadium is a testa-ment to his unwavering dedication and passion for his craft.
Nigerian banks’ rush to upgrade their core banking systems has caused confusion and frustration for many customers. With banks upgrading to more secure software, the lack of communication and customer support has left millions unable to access their funds, sparking questions about the bank’s commitment to customer welfare.
Dr. Uju Ogubunka, President of Bank Customers Association of Nigeria (BCAN), emphasized the severe impact of these disruptions, stressing the need for better communication and customer preparedness during such transitions. Banks must strike a balance between technological upgrades and customer service to retain trust, especially in an economy facing devaluation pressures.
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As Nigeria commemorates its 64th Independence anniversary, the stark contrast between celebration and the persistent challenges of corruption, mismanagement, and unfulfilled promises becomes evident.
The editorial revisits historical attempts at reform, such as the Independent Corrupt Practices Commission’s (ICPC) prosecutions and the House of Representatives’ inquiry into the unfulfilled $14.5 million aircraft repair contract. Many of these initiatives have faded from public memory, leaving questions about accountability unresolved.
High-profile corruption cases, including the Halliburton scandal involving alleged bribes of $180 million, highlight systemic failures within the political landscape.
The editorial emphasizes the need for collective action from citizens, civil society, and the media to demand transparency and accountability. It warns that without addressing these entrenched failures, Nigeria’s path toward democracy and good governance may continue to be fraught with unfulfilled promises.
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In a significant blow to Scotland’s energy sector, the 100-year-old Grangemouth refinery is set to close in 2025, citing its inability to compete with modern plants in Africa, Asia, and the Middle East. The refinery’s operator, Petroineos, announced the closure, which will result in the loss of 400 jobs.
Located in Scotland, Grangemouth refinery has been in operation since 1924, making it the country’s oldest and only refinery. However, despite its rich history, the refinery has struggled to remain competitive in the face of mounting global competition. Petroineos, a joint venture between PetroChina Internation al London (PCIL) and INEOS Group, a British chemicals firm founded by billionaire Sir Jim Ratcliffe, has invested $1.2 billion in the refinery since 2011.
However, the company has incurred significant losses, totalling over $775 million during the same period. According to Petroineos, the refinery is currently losing around $500,000 per day and expects a $200 million loss in 2024.
The company’s Chief Executive, Frank Demay, stated that the market for petrol and diesel fuels is expected to shrink further due to the upcoming ban on new petrol and diesel cars within the next decade. “Grangemouth is increasingly unable to compete with bigger, more modern and efficient sites in the Middle East, Asia and Africa.
Due to its size and configuration, Grangemouth incurs high levels of capital expenditure each year just to maintain its licence to operate,” Demay explained. The closure of Grangemouth refinery marks a significant shift in the global oil refining landscape, with modern and efficient plants in Africa, Asia, and the Middle East gaining a competitive edge. The Dangote Refinery in Nigeria, one of the largest refineries in Africa, may have contributed to the decline of Grangemouth refinery.
The refinery will be converted into a fuel import terminal, ensuring Scotland’s energy needs are still met. However, the closure raises concerns about the country’s energy security and the impact on local communities.
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