JUDGE REJECTS AMY WINEHOUSE'S FATHER’S LAWSUIT OVER SALE OF SINGER’S PERSONAL ITEMS. (PHOTO).

-
Image
 Judge rejects Amy Winehouse's father’s lawsuit over sale of singer’s personal items  A London judge has ruled against Mitch Winehouse in a legal dispute over the sale of personal belongings once owned by his late daughter, singer Amy Winehouse. Mitch Winehouse, who serves as the administrator of the singer’s estate, brought the case against Naomi Parry and Catriona Gourlay, alleging they improperly profited from the sale of her memorabilia. He claimed the pair had no right to sell the items and did so without his knowledge, arguing they should not have benefited from the auctions. Amy Winehouse died in 2011 at the age of 27 from alcohol poisoning at her home in London, bringing an end to a career that made her one of the most recognizable voices of her generation. The dispute centered on roughly 150 personal items, including clothing, accessories, and stage pieces such as dresses, shoes, scarves, earrings, and handbags. Parry, who worked as Winehouse’s stylist, and Gourlay sa...
Post a Comment

FITCH UPGRADES LAGOS, THREE OTHER STATES TO STABLE. (PHOTO). #PRESS RELEASE.

-


 FITCH UPGRADES LAGOS, THREE OTHER STATES TO STABLE


 . . . Sanwo-Olu Thanks Lagosians, Promises More Action 


Lagos has got a clean bill of health on its economy - courtesy of Fitch Ratings.


The internationally renowned rating Agency has upgraded the Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) of Lagos, Kaduna, Kogi, and Oyo states from ‘B-’ to ‘B’.


This is a big boost for investors’ confidence and a testimony to the strength of Governor Babajide Sanwo-Olu’s T.H.E.M.E.S Plus Agenda - the six-pillar economic plan of the Governor’s administration. 


According to information posted on the Agency's website, the outlook for all four states remains stable. The rating follows the upgrade of Nigeria’s sovereign rating to ‘B’ from ‘B-’ on April 11, 2025, reflecting improved macroeconomic stability and policy reforms.


Fitch, in line with its rating criteria, mirrored the sovereign upgrade in the affected States, given the predominant role of the federal government in Nigeria’s intergovernmental fiscal system.


The remarkable rating comes two days after Mr. Sanwo-Olu told a group of Harvard students of the great potential of the State for investments. 


The information on Fitch’s website reads, “We consider the Federal Government’s role predominant in intergovernmental relations, as it controls the equalisation mechanism enacted through a system of transfers to States. Therefore, the upgrade of sovereign IDRs is mirrored in the upgrade of those of Lagos, Kaduna, Kogi, and Oyo, as their Standalone Credit Profiles (SCPs) align with or are above the ratings of Nigeria,” Fitch noted.


The Agency noted that by the end of Y2023, 50% of Lagos State’s direct debt was denominated in foreign currencies, highlighting a notable exposure to currency fluctuations. However, despite this, Fitch projects Lagos’s payback ratio to remain strong at around five times by the end of Y2028. 


The Agency stated unequivocally that Lagos’s fiscal resilience is underpinned by its exceptional Internally Generated Revenue (IGR), which accounts for 75% of its total operating revenue, far exceeding the national average of 25%.


“Supported by this strong revenue base, Lagos is also expected to record a budget surplus in Y2024”, it added.


It must be emphasised that the current rating underpins the State’s strong capacity to service its financial obligations owing to its stronger operating performance driven by IGR, which makes Lagos an outlier in the national context.


Of the rating, Governor Sanwo-Olu said:”It is a good verdict on ourperformance - in terms of policy decisions and projects execution. It is also a call for us to be more active; we will be in every sector. I thank Lagosians for their support.”

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

AMBODE,SOYINKA & OTHERS AT THE OFFICIAL LAUNCH OF LAGOS AT 50 YEARS ANNIVERSARY AGAINST 2017.{PHOTOS}.

-
Image
                Lagos State Governor,Mr Akinwunmi Ambode on friday officially launched the one year long activities to mark the 50 years anniversary of the State which will climax on May 28,2017,just as he said the activities lined up would showcase to the world the unique achievements,culture,heritage and the tourism potentials of the state.Governor Ambode,who spoke at a special children programme tagged ''Vision of the Child'' to officially kick start the one year long activities for the Golden Jubilee of the State,said the celebration was put together to provide historical opportunity to propel the State into unimaginable greatness as well as put it on highest pedestal in the league of the world megacity states.The Governor,who assured that the events would be the biggest celebration in the 50 years history of the state,added that Lagosians should expect nothing short of world class events.He said ''This golden jubilee celebration will show Lag...
Read more