Business
Another Nigerian, Owoyemi Adebayo, Sets New Guinness World Record
A 400-level student at the University of Ilorin, Qudus Owoyemi, has made history by setting a new Guinness World Record for the fastest time to complete five skin fade haircuts. The 26-yearold student achieved an incredible time of 14 minutes, 56 seconds, and 83 milliseconds, surpassing the previous record of 18 minutes and 57 seconds.
Owoyemi’s remarkable feat was announced by the University of Ilorin on its official Facebook page. The school expressed its pride in Owoyemi’s achievement, stating that he has brought honor to the institution and inspired others to strive for excellence in their respective fields.
To achieve this record, each finished hairstyle must be cut to the skin (grade 0) at the back and sides, with a number two guard used on top. Owoyemi’s impressive feat demonstrates his exceptional skills and speed in haircutting, making him a standout in his field.
Owoyemi’s achievement is a testament to the talent and dedication of Nigerian youth, showcasing their potential to excel in various fields. His record-breaking feat has brought pride to Nigeria and the University of Ilorin, solidifying his place in the Guinness World Records.
Owoyemi’s achievement is a remarkable one, and his name will go down in history as one of the youngest Nigerians to achieve a Guinness World Record. His feat is an inspiration to many, and his name will be remembered for years to come.
The University of Ilorin has produced many notable alumni, and Owoyemi’s achievement adds to the institution’s legacy of excellence. His record-breaking feat is a testament to the university’s commitment to nurturing talent and excellence.
Owoyemi’s achievement is not just a personal feat but also a national one. His record-breaking feat has brought pride to Nigeria, showcasing the country’s talent and potential on the global stage. In conclusion, Owoyemi’s achievement is a remarkable one that showcases his exceptional skills and dedication to his craft. His record-breaking feat is an
inspiration to many, and his name will be remembered for years to come.
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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