Business
Couple Charges Guests $333 For Ticket Pass To Cut Down Wedding Cost
I n a bold move to cut down on wedding expenses, newlyweds Nova and Reemo Styles turned their nuptials into an unforgettable New York City adventure, charging guests $333 each for a ticket to their big day. The unconventional strategy, which included a seat on a double-decker bus and a 12-hour tour of the city, allowed the couple to save over $70,000 in wedding costs.
For many, weddings come with a hefty price tag, with venues alone accounting for about 37% of the total budget, according to The Knot’s Deputy Editor, Esther Lee. But Nova and Reemo took a different approach, likening their wedding to a concert where guests pay for the experience.
“And I said, ‘People choose to go to a Beyoncé concert because they know they’re going to have an experience. Let’s put the stress on the guests, and let’s sell tickets for our wedding,'” Nova explained. While Reemo initially doubted the idea, guests showed up despite some criticism.
“‘I would never spend money on tickets.’ ‘I don’t care.’ ‘Who do you guys think you are? Jay-Z and Beyoncé?'” Nova recalled hearing. Yet, the couple’s unique approach not only drew attendees but also significantly reduced their expenses.
The Styles aren’t the only ones flipping the traditional wedding script to save money. Other couples are also embracing unconventional celebrations, like brunch weddings, which are becoming increasingly popular. Courtney and Alex Quist, for instance, opted for a daytime wedding with pizza and mimosas instead of the typical evening affair with a formal dinner. Their choice helped them save approximately $40,000.
“We had a beautiful wedding, an awesome reception, and the people that we love and care about the most were able to be there, so I wouldn’t change a thing,” Alex said.
As couples continue to seek out creative and budget-friendly ways to celebrate their big day, these innovative approaches prove that weddings can be both memorable and affordable.
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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